Another example is something I hope to do someday. You can pay for a life insurance policy that lasts for twenty years to cover you if something should happen. While you're covered for twenty years, if you have the means, you can save enough money to no longer need life insurance. If you don't make enough money you can never get out from under that payment of life insurance. So if you have enough money, eventually no life insurance payments. If you don't make enough, you make life insurance payments.
These are just two small examples of how people with money have opportunities to make money. People without money do not. Now I'm all for this type of system where people can work hard and have chances to get ahead and do well. I'm not against making money or being wealthy. I find it interesting though many breaks like this are available to the rich and not the poor. I struggle with the idea that we should feel bad for people making a lot of money because they pay more taxes. I hear people argue that the wealthy pay most of the taxes and that's wrong. They say they are punished for succeeding. Considering all the breaks wealthy people have I don't think it's unfair if they pay more taxes. They certainly aren't being punished by banks, insurance companies and others. It makes a lot of sense biblically and economically if everyone has the chance and incentive to succeed. If the poor get more money they will spend and invest which will cause us all to have success. Since the poor don't get the same opportunities as the rich we ought to do something to level the playing field so others have the incentive to work hard and enjoy success too. So let those with money seek after and enjoy the benefits of making more money with their investing. Let also those with little money have a chance to succeed. In the long run if the poor prosper, we all prosper.
1 comment:
Well written Jerod. Of course I completely agree. You know how hard I have worked all of my life only to be in a position where I can barely hang on the side of a cliff. I cannot even afford a life insurance policy right now let alone save to give it up later. It distresses me that I will have nothing to leave my children except debt after years of hard work.
The playing field must be leveled in numerous areas. Of course I would like to see it leveled in the auto industry in particular. It is not fair to sell American vehicles for $5-7000 more than foreign counterparts due to paying for medical care for employees. If there is no national health care, then there needs to be an imposed tariff.
Contrary to John McCain's rhetoric on how American workers can compete with anyone in the world, really???? We can compete with people making 60 cents per hour??
I agree with regulated capitalism because otherwise greed and selfishness abound at the expense of the middle and lower class. Is it class warfare right now. Maybe a little bit yes. Do we need to "socialize" some parts of goverment. Yes of course. It is all in part to battle corruption. Not that we will totally ever win that battle.
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