Does wealth generate greed?
Remember when, to boost the tanking economy, the government approved stimulus packages to provide banks money to loan? Instead, many of those banks invested the money to profit themselves. Some increased bonuses to their officers. The money was supposed to trickle down, was intended to help people refinance home loans to boost the housing market.
Today business reportedly is sitting on an estimated three trillion dollars, frightened about investing in America or Americans.
Mr. Romney boasts of his prowess as a man who made himself rich. He implies his success in business will somehow help our national economy. Instead of allowing his accumulated wealth to “trickle down” to provide jobs, however, Mr. Romney sent his wealth out of the country, to Switzerland and the Cayman Islands, and other places, for safekeeping.
Some people believe if you make a rich man rich enough, he will share. Not always.
My husband is self-employed. He provided for himself and me and our four children with the income he generated. My husband is also a generous man. We paid taxes and gave 10 percent of his net earnings to church and charities. We are not wealthy. It took us 30 years to pay the mortgage on our home. Our children had scholarship help with college, and they worked.
My husband and I now draw social security, to which we still contribute. He continues working. Medicare came as a huge relief. Before that, nearly a third of our income went for health insurance premiums on $10,000-deductible (catastrophic coverage) policies. All our medical and prescription costs came out of his pocket.
President Obama knows about doing without, about the importance of scholarship assistance. Even a smart student worries about maintaining grades and class standing to keep financial assistance. His education prepared him to be wealthy. Hoarding wealth is not what he’s about. Our financial investment in him is trickling down. One of us, he has our votes.