Who is wealthy?

In Uncategorized on March 7, 2009 at 9:37 pm

I was listening to Glenn Beck’s radio broadcast yesterday and  was disturbed by the statistics that he presented. He reiterated these statistics with his compelling “magic board” during Friday evening’s television show. He was sharing results from a recent poll taken of the American public regarding their perception of wealth. The results were scary to say the least. The fact of the matter is a large number of Americans believe that if you earn over $200,000 per year, you are wealthy. There are those who think if you earn over $75,000 per year you are wealthy. And there were actually 9% of the respondents who think that you are wealthy if you make less than $75,000 per year! Lord save us.

The American public is asleep at the wheel, and heading for a brick wall! They have been conditioned by the controlled media and the ill intentioned politicians to accept lies for truth, fiction for fact! When did they stop thinking for themselves? Our sleeping fellow Americans accept the Keynesian economic principles as the preferred method of creating economic balance, and are generally clueless as to what comprises true wealth. They accept the numbers associated with gross income as a concrete representation or measure of wealth. Listen, I was abandoned, homeless, and on the path to being a mere sad statistic in my youth. I possess NO formal education, and have been to the school of hard knocks. Yet somehow, I made it. How? I developed a keen sense of survival, and managed to maintain common sense. I wonder, is that what is lacking in America today, common sense?

Like many Americans, I am a family man, and a small business owner. As an entrepreneur, I know what wealthy is not. It is not $70,000 to $250,000 in annual income. It is not annual income in the $250,000 – $1,000,000 range. Wealth is not based solely on income, but on income, assets, debt, and net worth relative to the current market conditions. Some simple examples that we can consider; You could have net income of $2,000,000 as an entrepreneur, pay 45% – 55% in combined taxes, and have a mountain of debt. That is not wealth. You could have dwindling income, and questionable valuation of assets based on uncertain market conditions, yet still on paper maintain the appearance of several million dollars in net worth. Unfortunately, the value associated with that net worth in the current market may be largely misconstrued, due to the inflationary practices of the Federal Reserve and their concurrent manipulation of the markets. That is not wealth. As a member of the upper 1% of income earners, I do not consider my family to be part of the “wealthy club”. To the contrary, we are blessed with a solid work ethic, determination and a belief in the Constitution and free market principles. Our wealth is not measured by twisted economic statistics, but by what is inside of us; our ability to unite, to overcome adversity, to adapt, to continually seek the truth, and act accordingly, to prepare, to have faith in God, and trust in the principles that guided our founding fathers. Conversely, the concentrated financial “wealth” lies in the hands of a super minority, a mere fraction of the upper echelon of the upper 1% of income earners. And unfortunately, what wealth the remaining “middle” American people have, is being methodically stripped from them through this current corrupt system of monetary control, government intervention, and market manipulation.

Even so, people are still pointing the finger at the entrepreneur, or business owner who is in the lower echelon of the upper 1% – 2% as the capitalist villain responsible for the demise of our economy, loss of jobs, loss of confidence in the “free Market”…. When in reality, it is the “control”, aka greed, exerted through central government planning, and the corrupt Federal Reserve System that is at the root of the economic collapse. The economy should be left to the free market forces. “should be”, but, it has not, almost since the inception of the criminal cabal known as the Federal Reserve System in 1913.  The media and the socialists who have co-opted our federal government have engendered a climate of entitlement and division. Their philosophy, in order to be acceptable to the masses, relies on creating discourse or conflict of all imaginable varieties and between all people; race, gender, sexual preference, union versus non-union, the haves against the have-nots, they know no bounds…We are witnessing assaults on the middle and upper middle class like never before in the history of this great nation. The objective is simple and clear. By design, through the aforementioned philosophy, which is echoed in the Communist agenda, they must eliminate the upper middle and middle classes. This is the classic struggle of the proletariat against the bourgeoisie. The goal is to reduce us to two socio-economic classes, the poor and the elite. In the end,  this can only be achieved through subversion, coercion, and slavery in the form of oppressive taxation by the Oligarchs pulling the strings both above, and in, our puppet government…But I digress.

Until next time…in liberty,



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