Rising riches: 1 in 5 in US reaches affluence
WASHINGTON (AP) — Fully 20 percent of U.S. adults become rich for parts of their lives, wielding extensive influence over America's economy and politics, according to new survey data.The photograph that accompanies this story is a young man who is making well into six figures a year. He's a pharmacist by day and trades stocks in his spare time. He's the son of immigrant parents who occasionally relied on food stamps to make ends meet, and the mother wound up setting up a daycare in her home to raise money so her children would have the advantages she didn't.
These "new rich," made up largely of older professionals, working married couples and more educated singles, are becoming politically influential, and economists say their capacity to spend is key to the U.S. economic recovery. But their rise is also a sign of the nation's continuing economic polarization.
In other words, he *is* the American Dream.
But the story? Oh, it's the same tired narrative about how the gap between the rich and poor is growing. About how eeeeeevil America is because some people get rich while others don't. About how the income inequality is the "defining challenge of our time" to quote our illustrious President.
Pro-tip: No, it isn't. When immigrants can come to this country, bust their rear-ends, and raise kids that are making over a quarter of a million dollars a year before they're in their 30s, I'd say there's no problem whatsoever. At least there isn't if you're willing to work for a living.
See, that's the *real* problem, isn't it? If you don't want to work hard for a living - or if you've chosen a completely and utterly useless course of study - then it's easy to kick back and whine about how "unfair" it is in America. And while you're busy whining, some immigrant kid is busting his butt to make his way in the world so that his kids can grow up rich. Your kids, OTOH, will follow your example and piss and moan their way through life.
There is, quite simply, no problem here. None. This is completely manufactured, by-the-damn-numbers class warfare rhetoric bulls**t that the Democrats have been peddling for years. Notice that the Democrats are the richest members of the House and the Senate. They have nothing against earning money - provided that they're the ones earning it...
When a first generation American can make it into the top 2% earner bracket by dint of his own hard work, there's no problem. There's only a problem if you take the view that a job is beneath you, or that you are *owed* something, or that it's someone else's fault that you haven't succeeded. If you're looking for someone to blame for your situation rather than a way out, there's the problem.
And the problem is you...
That is all.