Friday, April 30, 2010

You have made enough money!!

Recently the President of the United States Barack Obama made a resounding statement in which he said: "I do think at a certain point you've made enough money." That statement while appealing to a certain sector of the population, is a rare and scary statement made by a man of such power. In fact it is a dangerous way of thinking. During a time where making money is hard to come by I definitely do not want to encourage those people who employ American Citizens that they should probably stop what they are doing, because "at a certain point you've made enough money."

Big Business owners and CEO's and those who have sold their companies to shareholders are those that the president are referring to. This is amazing to me. If you look back in history of our nation at when people like Gates and Buffett made most of their money, I bet you will find a correlation between that and employment in the United States. It is the richest in America that have ran successful businesses that employ Americans who need to work and work most of their lives until they retire late in life. If these rich Americans quit what they did these middle class Americans would be in major trouble. If these rich smart Americans gave up their jobs and let others do those jobs, those others might not be as good. Decisions that lead to layoffs could be made which will hurt those who are much poorer and working hard for a living on the floor level.

What is sad is that there are a lot of people in America who don't care and don't understand why this statement is dangerous for our nation's economy. Those some Americans probably support many of his anti-business policies. Those same Americans will be hurt by a policy that would have successful people to stop making money. And those same Americans might be so ignorant that they will not be able to look back and connect the dots. But they will love it when our welfare system is expanded even more to help them out.

Rich people, keep making money!