Monthly Archives: January 2015

Rethinking the One Percent

A meme currently making the rounds on the internet attacks what has been derogatorily referred to as “The One Percent”. It takes the following form:

  • “How does trickle down work again?” (Another term designed to smear rather than enlighten.)
  • “The 1% get all the money.” (A gross exaggeration by any measure.)
  • “Then?”
  • “Nothing, that’s it.” (The ignorance is strong in whatever undereducated progressive dreamed this one up.)

First of all, rich people do not keep their money under their mattresses. They buy things: houses, clothes, cars, boats, and (gasp) even airplanes. Every one of these items must be built/manufactured, creating literally thousands of jobs for the 99% the creator of the meme purports to care about. They also save and invest, providing funds for mortgages and car loans, as well as capital to start new companies and create whole new industries.

And they give their money away. Google Buffett, Gates, Carnegie, or even (gasp) Rockefeller. (Did you know that John D. Rockefeller, in his lifetime, gave away almost one-half TRILLION in today’s dollars for charitable purposes?)

Answer this: How many jobs do poor people create? How many libraries, colleges, or research facilities have they funded?

Instead of constantly deriding and maligning the 1% we should be praising them, and giving thanks we live in an economy and nation where they can flourish and work the magic off of which the rest of us then thrive.

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