Re-accumulation Theory

All this populist, class-warfare, 'haves and have-nots' talk during the current Presidential campaign really makes me want to puke...

My favorite quote always goes something like this: "The wealthiest X% (X is a single-digit number) of Americans control Y% (Y is a relatively high double-digit number) of the wealth of this country." "This has got to stop, blah, blah, blah."

Here's my re-accumulation theory: Let's say we give in to these socialists, confiscate all the wealth of this country, and distribute it equally to every living adult. Assuming an economic system that's even mildly capitalist (like the one we have now), within 5 years, much of that wealth would be right back into the hands of those we took it from originally-within 10 years, all of it would be.

The bottom line is this: there are always people who are experts in their field. They can't help but succeed. Some are great investors, negociators, inventors, executives, workers, thieves, etc. There are also plenty of people with no motivation, and people who squander their money keeping up with the Joneses, betting, drinking, using drugs, etc. They are certainly free to do those things, but fools and their money are always parted. There will always be 'haves' and 'have-nots'. Get used to it. Instead of concerning ourselves with ways to take wealth away from the rich, perhaps we should start discussing how to teach some of the 'have-nots' how to create wealth of their own...

Random Quote

Deliberate with caution, but act with decision; and yield with graciousness, or oppose with firmness.--COLTON.

I Noticed

more motorcycles on the road today than normal (today is ride to work day - www.ridetowork.org )... That's a good thing - even used as plain transportation, bikes are economical and fun...

On a different note entirely, planning is well underway for the motorcycle/scuba diving trip to the Keys of Florida next month. Barring any hurricanes, the wreck diving should be fantastic!

Hope to See You on the Road