Friday, May 29, 2009

Rich vs. Poor, we're all buddies here

I don't think the moderate and below moderate income begrudge their better off's inherently. When someone sees someone else drive a better car or have a better job I don't think there is a natural inclination to dislike them. There might be a momentary flash of jealosy but it is quickly fleeting and filled with a sense of pride of being the working man or woman. What does anger regular people is those wealthy who take advantage of us regular folks. Those who preside over companies who go bankrupt and walk away with bundles of money or those who lend with high usuary and unfair business practices. When we hear of practices to tax the rich we applaud because we think of those who take advantage of us unfairly and not those who build buisnesses and employee people. I worked once for a company that was started by two men in a garage fifty years ago. He employeed almost a thousand people at the companies peak. The original owner owned 51% of the common stock therefore he pretty much called all the shots. I had nothign against the man. In my current company they had a 1-2% raise this year followed by a two week unpaid furlogh. That means employees lost 2-3% of their salary this year. We actually earned less this year than last. We all understand that we need to make sacrifices in this tough economy and we got to keep our jobs. Then we find out that the CEO made a 30 million dollar bonus which was 50%+ more than last years bonus. This is kind of a craw for us who are making sacrifices. It could be said that our sacrifice made his bonus. So, in that way the moderate of income begrudge the top class. Maybe I'm wrong, maybe he deserves his big bonus for saving the company from financial ruin. The interesting thing is this particular man is bosum buddies with a certain President by the name of Barak Obama. Oh, he's been to the press conferences and been lauded for creating jobs. From what I see we are constantly buying companies here in the states, closing them down, laying off employees and moving those jobs oversees. My company is a net exporter of jobs. Why would the stimulus man applaud a job exporter?

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