Rich, poor gap...

50 %
50 %
Information about Rich, poor gap...
Social Media

Published on February 23, 2014

Author: michaeloconnellmdnh



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.

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?

Add a comment

Related presentations



November 11, 2014

monografia de papantla

Small deck used during Use Case roundtable at JiveWorld 2014. On each on the 14 ta...

This 30 minute presentation was given at the 2014 Rochester Young Professionals En...

Related pages

Gap between rich and poor 'keeps growing' - BBC News

The gap between the rich and the poor keeps widening, the Organisation for Economic Cooperation and Development (OECD) says. In its 34 member states, the ...
Read more

Growing Gap Between Rich and Poor - Boundless

Economic inequality (also known as the gap between rich and poor) consists of disparities in the distribution of wealth and income. An economic model of ...
Read more

Economic inequality - Wikipedia, the free encyclopedia

Economic inequality is sometimes called income inequality, ... In advanced economies, the gap between the rich and poor is at its highest level in decades.
Read more

'Record gap' between rich and poor - Yahoo

Paris (AFP) - The gap between the rich and poor in most of the world's advanced economies is at record levels, according to an OECD study that also found ...
Read more

The Gap Between Rich and Poor - FREEDOM KEYS

We have often heard references to the gap between rich and poor as having domestic policy implications.
Read more

Record inequality between rich and poor - YouTube

The gap between rich and poor in OECD countries has reached its highest level for over 30 years, and governments must act quickly to tackle ...
Read more

Gap Between Rich and Poor Grows in Germany – SPIEGEL ONLINE

The 10 Percent Gap Between Rich and Poor Grows in Germany. More than half of Germany's privately-owned assets are held by the country's richest 10 percent.
Read more

Inequality gap between super rich and poor continues to ...

Things aren’t getting much better for the gap between America’s rich and poor: a new study reveals that inequality within the United States is only ...
Read more

gap between rich and poor - Deutsch-Übersetzung – Linguee ...

Viele übersetzte Beispielsätze mit "gap between rich and poor" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen.
Read more

California's rich-poor gap: The reality may surprise you

So much for the growth in the gap; what about the size of the gap itself? Income inequality within California may not look like what you would expect.
Read more