Is the disposable income a person has really dependent on how hard he/she works?
That seems to me to be the premise of many of the posts above, but I could be wrong.
It also seems to me that, while hard work can put bread on the table and a roof over one's head, real wealth comes from power.
Further, power comes from real wealth.
I'm talking about real money, estate sorts of money, exclusive mansions in exclusive parts of the country, where the wealthy rub elbows with the wealthy. Real wealth begets real power, the power to manipulate markets to create more wealth, the power to manipulate political outcomes in order to pass laws favorable to gaining even more wealth. Real wealth can create an image of the person who controls it that is totally fabricated, and then make the country believe that the image is the real person. Real wealth controls this nation, as well as most nations. The rest of us might benefit from the decisions made by the wealthy, but, if we do, it is only as a biproduct of the lust for more wealth and power.
First, I think wealth is subjective, in that I have seen a husband with his wife, and playing football with his kids, earning only $30K/yr in southern Ohio, be far more 'wealthy' and happy, than a multimillionaire that never smiles, and is constantly miserable. Check out Ted Turners life. Or the Kennedy's.
That said, no is going to argue that wealth and power do not go hand in hand. I'm not entirely sure one leads to the other...
Top wealthy Senators:
John Kerry, (D-Mass): $267 Million. (
Married his wealthy widow Teresa Heinz)
Herb Kohl, D-Wisconsin: $171 Million. (
Earned most of it in the family chain of Kohl department and grocery stores)
Edward M. Kennedy (D-Mass): $102 Million. (
Inherited wealth from importing liquor during prohibition, deals with mobsters, real-estate, and investing)
Jay Rockefeller, D -West Virginia: $91 Million. (
Inherited wealth from Standard Oil and Chase Manhattan and JP Morgan Chase)
Dianne Feinstein, D-California: $79 Million. (
Married her husbands $1 Billion, and most of her $26 Mill is in blind trust so who knows who is funding her)
Frank R. Lautenberg (D-NJ): $79 Million. (
Earned in Automatic Data Processing INC. and was on the Board of the Port Authority in New York)
So, only 2 of the top 6 richest Senators (all democraps) actually earned their money. Now do the powerful gain their money through politics? No, not as often as inheriting it or marrying it.
Not to say it doesn't happen... For example, in 1995 there was the Al bore oil incident. For those who do not know, then Vice President Al Bore had nearly $500 thousand in stock in 'Occidental Petroleum Company'. In '95 the Elk Hills strategic oil reserve was sold, (by recommendation of a certain VP) to a random oil company... amazingly Occidental Petroleum Company.
And of course, let's not forget the Marc Rich pardon, in which millions given to a former president allowed a known traitor, tax evading, law breaking, enemy supporting multi-millionaire, was able to purchase escape from his crimes... and meanwhile he turns out to be the middle-man for the international oil-for-food scandal.
That all said...
I have to disagree with the theory that "The rest of us might benefit from the decisions made by the wealthy, but, if we do, it is only as a biproduct of the lust for more wealth and power."
This simply isn't true. Most of the average business owners, are not doing what they do simply for greed. Most do what they do, because they love to do it. How many thousands of people have jobs because of Wendy's? Yet Dave Thomas started and grew this international company because of one reason... he loved to cook.
Earning and making wealth, is not so simple as 'work hard'. It is also dependent on what you are working hard at. Working hard at Wendy's may never lead to wealth because flipping burgers is something that anyone can do. You might be the best garbage man in the world, but given the high supply of people able to do such work, you'll never get a six-figure income.
If you want to become wealthy, you have to find a occupation that not everyone can do. Then you have to work hard.. not always as in sweat and 70 hour weeks. But work hard, as in learn as much as you can about that field. Know more than the average guy about it. Be more useful and more versatile.
Finely, and most important. If you want to be wealthy... control your money. Don't blow it on pointless things. There is an amazing number of people in the US with high incomes, and yet are completely broke. They blow their money on stuff they don't need and are shocked when their net-worth is near zero. For more on that, find the book
The Millionaire Next Door. A chronicle of average people with a net worth over and million, and how they live. Some of them exist with incomes not much over $50K a year, but because of frugal living, controlled spending, and wise investing, they are very wealthy.