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Rich, poor gap...

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Published on February 23, 2014

Author: michaeloconnellmdnh

Source: slideshare.net

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Dr. Michael J. O’Connell, PainCare, New Hampshire’s CEO/Owner noted that he is always amused when yet another commentator, analyst or news anchor, usually with deeply furrowed brow, raises the issue of the widening gap between rich and poor.
See: http://michaeloconnellmdnh.wordpress.com/2014/02/18/rich-poor-gap/
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Rich, poor gap… Dr. Michael J. O’Connell, PainCare, New Hampshire noted that he is always amused when yet another commentator, analyst or news anchor, usually with deeply furrowed brow, raises the issue of the widening gap between rich and poor. Nearly all of the former are millionaires if they have been on the air for more than a couple years. So doesn't that make them all at least PART of the problem? They are in the upper 0.5% percentile. And don't get me started about those consummately Liberal celebs with similar concerns...if they are so disturbed, why don't they go out to a corner on the Upper East Side in New York City, with a barrel of $50 bills, and start chucking out handfuls to passing pedestrians? My question about “the gap” is....what is the problem? Let me be square right away. I do not want anyone lacking for adequate food and shelter—even those on death row, even heroin addicts. However I also do not want an able bodied person to be without a job. JOB. The unemployment rate was well above 9% a few years ago, now still uncomfortably high by historical measures. However even during the 9% days, I still saw many Help Wanted ads for fast food restaurants, department stores and nursing care facilities. These were unskilled jobs that required no prior experience, just a willingness to actually labor, show up on time and politely take orders. Soon such boring entry level jobs, will lead to higher paying positions as learning and performance is proven. Why are these jobs left unfilled? That is for another day, another article. Well, if the problem isn't necessarily at the low end (except for perhaps a touch of entitlement and the rewards of crime), let’s look at the high end, let’s look at Leonardo Dicaprio. A multi hundred millionaire and not even 40 years old. Am I envious? Sure. Is he much better looking than me? Hell yes. But to listen to the commentators, you'd think little Leonardo is taking his money out of circulation and parking it under a mattress while he lives in a hovel. Right. He spends his money on stuff, and then more stuff; stuff that probably bores him to death within weeks. What he doesn't spend, he invests. Regardless of what Leonardo does, he doesn't take his cash out of commerce, he puts it into commerce. His money generates jobs. So other than envy, or its uglier cousin jealousy, or ugliest cousin contempt...what is the issue?

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