My first day back in college (today) was fairly instructive, if unintentionally so.
As an accounting major, I am taking a business class. It’s pretty standard stuff. Nothing too extreme. Apart from a fairly decent narrative from my professor, I would have been bored to tears.
Until he said one thing that woke me up pretty quickly…
He began to expound on the two philosophies of wealth; infinite wealth and finite wealth.
Infinite wealth is the theory that wealth is created, and therefore in unlimited supply, whereas finite wealth theorizes that there is only so much wealth to be had, thus anyone with too much of it prevents others from attaining more.
At one point, he asked us to raise our hands if we believed that wealth is created.
A no-brainer, right? Or so I thought. Of course, I raised my hand.
When he asked about finite wealth, to my dismay, more than half of the class raised their hands, at which point the professor went on to briefly say that there is merit in both theories.
Did he really believe that, or was he simply “going along to get along”?
Either way, it made me uncomfortable, because there can be no merit whatsoever in the theory of finite wealth.
The notion that there is only one pie to be divided–and that those who have a bigger slice are taking away from others–ignores the person who baked the pie.
Hard work creates wealth. Without it, there is no pie at all. But Barack Obama and his supporters are legion, and they believe that the pie willed itself into existence. Moreover, they believe that they deserve an equal slice of that pie, whether they helped to bake it, or not.
If I buy a house that is in poor condition, and work to clean it up and repair it, the house would be worth much more (theoretically) than what I originally payed for it. In this way wealth and prosperity are created.
I’m sure that I am preaching to the choir here, but seeing so many people mindlessly buy into the notion of finite wealth first-hand really did open my eyes (wider) to the stark differences between conservatives like me and the liberals that we oppose on a daily basis.
And with people who are that thoughtless having the power to vote, it is no wonder that ideologues like Barack Obama and other liberal Democrats can pander to them enough to win elections.