Archive for the ‘greed’ Tag
Most Americans are raised get an education, get a job, make money, and then make more money. There’s nothing like starting your work life in your early twenties with a huge student loan debt that will take you years to pay off. Money seems to be the driving force in this country and the pursuit of it is all consuming. In reality, it’s the same almost everywhere else as well. I think a lot of that make-money mindset was passed down through the Great Depression generation like my parents who were concerned with little else. It’s not a bad thing to chase money but how you go about is even more important. Make as much money as you can but try just as hard not to harm or destroy others in the process.
Today’s post involves a short history of money.
- At the age of 12, Andrew Carnegie worked as a millhand for $1.20 a week. A half-century later, he sold his steel company for nearly $500 million.
- Not a single bank existed anywhere in the 13 colonies before the American Revolution. Anyone needing money had to borrow from an individual.
- Although he is famous for inventing the cotton gin, in 1793, Eli Whitney made no money from his invention because he did not have a valid patent on it.
- Henry Ford shocked his fellow capitalists by more than doubling the daily wage of most of his workers in 1914, 11 years after he had established his first automobile factory. He knew what he was doing. The buying power of his workers was increased, and their raised consumption stimulated buying elsewhere. Ford called it the “wage motive.”
- Paul Revere, the American silversmith and patriot, designed paper money for the Commonwealth of Massachusetts, which issued the money in defiance of English law even before independence was declared. The notes were handsome but soon depreciated. Some of them subsequently were used as wallpaper in barbershops.
- When Jacob A. Riis published his classic book How the Other Half Lives, in 1890, the fortunes of about 1% of the US population totaled more than the possessions of the remaining 99%. The pattern hasn’t changed all that much. Today, the fortunes of about 8% of the US population total more than the possessions of the remaining 92%.
- We hear all of the economy experts constantly raising fears about rising inflation. Here is why! At the height of inflation in Germany in the early 1920s, one American dollar was the equal of 4.2 trillion German marks.
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WORK-EARN-SPEND-OWE
Unfortunately, the word “Greed” is used to describe our country by many foreigners and also from many of our own citizens. I can’t say that I disagree because in too many cases it’s absolutely true. “Money is the root of all evil” immediately comes to mind when I hear that word. It’s not something we should be proud of but “It is what it is.” I thought today I would examine the statements made by an assortment of well-off persons who are well enough known to be quoted in publications. For those of you out there who are not rich let me inform you.
- “People will swim through shit if you put a few bob in it.” Peter Sellers
- “Time is money.” Ben Franklin
- “Money isn’t everything as long as you have enough.” Malcolm Forbes
- “It isn’t enough for you to love money – it’s also necessary that money should love you”. Baron James D Rothschild
- “If I had my life to live over again, I’d be a $30 a week librarian.” Andrew Carnegie
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- “In some ways, a millionaire just can’t win. If he spends too freely, he is criticized for being extravagant and ostentatious. If, on the other hand, he lives quietly and thriftily, the same people who would have criticized him for being profligate will call him a miser.” J. Paul Getty
- “There is always the question. You wonder if people like you for you or the inevitable disturbing question: Are they after something?” Mary Leah Johnson (heir to the Johnson & Johnson fortune)
- “The best reason to read about the very rich, of course, is to be reassured that money cannot buy happiness and indeed, often seems to buy trouble.” Maureen Dowd
- “As a cousin of mine once said about money, money is always there but the pockets change; it is not in the same pockets after a change, and that is all there is to say about money.” Gertrude Stein
- “Money talks. The more money, the louder it talks.” Arnold Rothstein
One final thought, a quote from my late down-to-earth father concerning money. It’s as true today as it was fifty years ago when I first heard him say it:
“MONEY TALKS AND BULLSHIT WALKS!”
I realized this morning that my Christmas spirit is a little different this year. In years past I’ve been identified by many people who care about me as being a bit of a Grinch. In other years they’ve considered me jolly and fun to have around in the holidays. Which is it this year?
I feel like I have a Dr. Jekyll and Mr. Hyde thing going on when it comes to Christmas. Most of the time my feelings for the holidays can go either way depending on who annoys me and who doesn’t. I have such mixed feelings about the whole Christmas deal it’s difficult at times for me to celebrate much of anything.
While I myself am not all that religious, most of my best Christmas memories come from a childhood where religion was a huge part of the celebration. I’ve pretty much given up on it ever being a religious holiday again because over the years it’s morphed into much more of a secular celebration where buying and receiving gifts is everything.
I’ve been forced to reevaluate my entire Christmas experience this year with a new attitude. I’ve decided to be the best damn consumer I can be and spend money a little more freely than usual. Without the cloud of religion things become instantly clearer. Be nice to everyone, spend a lot of money, and make it about the kids and not much else. At least the emotions I’ll see on their little faces will be genuine and that’s as good as it gets anytime. Finding anything genuine at Christmas these days is almost as rare as finding a few honest men.
So bring on the kids and hopefully some of their legitimate Christmas spirit will rub off on all of the cynical types like me. That’s my Christmas wish for this year.
AND A POLITICALLY INCORRECT “MERRY CHRISTMAS” TO ALL
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