People are becoming poorer. Their standard of living is declining. Their emotional state is suffering. They are stuck in the midst of an immutable law of simple mathematics.
The decreasing percentage of persons who are actually rich, or who are becoming rich are either celebrities, professional athletes, trust-fund beneficiaries of dynastic families of great wealth, and a few exceptionally successful entrepreneurs whose fortunes are largely on paper. They can use their assets or credit to leverage purchases of assets which will increase in value or generate income. They could never do this without being rich to begin with.
The paradigm has shifted from the Horatio Alger "Strive And Succeed" work ethic to the notion of "get rich quick, or die trying." These latter strategies require a great deal of risk, and, in many cases, a very "flexible" interpretation of the laws which seem to bind "ordinary people," but not giant institutions, the captains of industry or some powerfully-connected politicians.
Please refer to http://aboutdouglascastle.blogspot.com/2011/11/im-struggling-too-hard-to-survive-to.html
Douglas E. Castle
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