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Re: [Phys-l] SOLAR , NUCLEAR ENERGY etc.



This whole discussion has been way off the track for a physics forum. However, in keeping with the same thread...

To all who have the impression that making a lot of money requires some major contribution to society and somehow *grows the wealth*... where does this idea come from? How many of these people in the news today actually CREATED something useful? Maybe Frank Perdue and Ray Kroc and a few more (there were many more in history... Henry Ford and Carnegie come to mind...look up Asa Packer, for example and the family who invented Campbell's Soup) but far fewer today, and a far greater proportion of the very very wealthy contribute NOTHING to society except for doing one or more of the following *Ponzi* schemes ala Madoff: a) inheriting their wealth and passing it on; b) inventing hedge funds and other esoteric ways to multiply their wealth at the expense of others; or c) sit on boards and figure out ways to lose money for their companies while scheming to take over other companies and move the jobs overseas so cheaper labor can be utilized. I know several wealthy people in my neighborhood who made their money by shuffling around various warehouses and selling vacant buildings during the boom all the while voting down school budgets because the schools were spending the money on such superfluous items as teacher salary increases, roof repairs, and school buses.
No, my dear naive physics friends, many of the wealthy in today's society don't actually do anything to earn their wealth. They actually LOSE money... Donald Trump is a perfect example... his casinos are bankrupt and his wealth is actually shrinking at the expense of the workers in his so-called empire who take the cuts and layoffs at his whim. Bankers are another example (almost all of them); all they do is invent ways to invest their own money while passing along usurious interest rates so the people who do the consumption (which according to most economists, contribute the most to the economy) can never get out of debt. No, my friends, money is simply moved around from one wealthy person to another while the working people who really contribute their blood, sweat, and tears to the wealth of this country get circuses and entertainment to calm them down so they can no longer think about the wool that is being pulled over their eyes.
And, if that's socialist thinking, well, so be it.

Marty

On Apr 12, 2009, at 7:13 PM, LaMontagne, Bob wrote:

Wealth does not require redistribution in a free society that has a constitution that respects it's citizens and their property rights. Wealth goes to those who most deserve it - and indirectly, even to those who don't. The wealthy grow the wealth of the entire country while they are gathering their own. The non-productive elements of a free society get to partake partake in that increased bounty. The rich (in a free economy) deserve their wealth - the poor deserve their smaller portion.

None of us would sanction taking points from the high achievers in our classes and redistribute them to the non-performers. Yet somehow that's OK when wealth is involved.
But, often, we do pair off the slower kids and the quicker ones and make sure everyone is learning. A good teacher can do that efficiently.


If one really wants to clean up the environment, vigorously support economic and social freedom for everyone - especially those in countries ruled by despots and other central planner types.
And, support better stewardship of our own resources so the SUV and Hummer crowd


Bob at PC

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