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owns a house, the government elites who write regulations, control that asset and what you can and cannot do. If government owns your business, government elites who write regulations control that asset and what you can and cannot do in operations and profits. If government owns your healthcare it is the government elites who write regulation to what doctors you can use, what procedures are offered, what pharmaceutical drugs you can take.
A dollar is a promissory note indicating a system of work. If the U.S. dollar‘s worth
represented the value of entitlement payments, the whole monetary system would crash for the dollar would represent no value of work. The more you work (contributing to society) the more assets (dollar, liquid) you have if you save. The opposite is true; the less you participate in societal contributions, by the lack of motivation, ambition, wasteful spending, or dependent on government assistance, the lower the economic
class ―assets‖ (no liquidity). The stimulus to achieve upper class status is why capitalist
economies are so successful; that if you work hard, earn a higher education, sober, (non-addict), increases your contributions to societal constructs thus improves the quality of living for everyone. Even Lincoln knew the power of free enterprise 100 years ago;
“That some should be rich shows that others may become rich and hence, is just encouragement to industry and enterprise”
Two men, ―John‖ and ―Jack‖, come from equal income families. After High
school, both land a job in a mill for $17 hr. John wants an upper class lifestyle for his future family and lives a frugal life saving as much as he can for college courses at night. Jack lives for the moment. His spending habits include drug use, entertainment and wasteful purchases. Living with less, compared to Jack, John saves as much as he can when he can. Working over 40 hours a week, John attends school at night. Jack would never want to lose his evenings if there were a good party to attend. John completes his education, earns 4 times as much as Jack, and lives in an upper middle class neighborhood. Jack, who blew every penny he ever earned, spent his free time relaxing, lives in a housing project, on assisted living, and will not hold a steady job as long as his government benefits do not run out. Under socialism ("income equality" ideology), John's success is seen as greed and insensitive to poverty since John has more than Jack. John has a boat, Jack does not. John has a nice house, Jack lives in a rundown apartment. John can afford cruises to the Bahamas, Jack only lives by the
bottle. Like a cancer in socialist economies, all of the ―Johns‖ of society who lose
economic merits also lose the ambition for a better life, to better themselves in education, and to dream and hope of a successful future. In the end, income equality
turns all the ―Johns‖ in society to ―Jacks‖ to where the society spirals down to a poverty
standard of living and slave to their empowered government who hordes the tax
revenue of the ―Jacks‘… because all the rich ―Johns‖ are bankrupt and so too is the
innovation in products and manufacturing that they strived to achieve. The reward system escalates exponentially spurring innovation, risk taking entrepreneurship, and ambition. The opposite is true for socialist economies and is why American is hated by her wealth and successes compared to socialist economies. The mechanics of socialism always fall into corruption because you have to take from the ambitious population and give to the unproductive thus increasing society degradation.