ENTERPRISING AMERICANS, THE RISKTAKERS, ARE THE AMERICAN DREAMERS

Americans are risktakers? It's in our blood. Who are They? Tens of Million are investors in the New York Stock Exchange, NAZDAC, and OTC. Including the bond market, gold and silver exchanges, the commodities market, thousands of mutual funds for global diversification, including the Chinese and Japanese stock exchange where Billions are invested by Americans. Employer or union sponsored retirement plans (four of ten American workers) are investing member funds. More than half of all 260,000 households have some investment in the stock market. 88% of Investors with incomes over $100,00 per year are in the stock market. 61% of whites, 31% of blacks and 28% of Hispanics families have stock. 30.2 million small businesses that have entrepreneur investors providing startup and ongoing capital. Car owners, 26 million licensed drivers, 84% of the population in California are licensed to take a risk on the highways. 140,572 Home owners’ investment is their major risk investment. Even criminals and gangs are risking their lives. So, why do we need entitlements?  They are for leveling the playing field of disparity of wealth, due to circumstantial need differences … such as food stamps, disability benefits, workers’ comp, unemployment, college loan guarantees, pensions, child tax credits, Obama Care, Medicaid (Medicare and social security are not entitlements … they are forced savings annuities for the elderly). Where the income disparity begins is from being educated, with experience in taking a risk and reinvesting the returns on investments. The wealth of the 19% Few upper-class Americans (12 million millionaire based net worth in the households, 607 billionaires including 14 of the 20 wealthiest in the world) versus 52% in the middle class and 29% in the lower class. The split of national net worth 1% of the population deemed wealthy having $61 trillion in net worth and 99% having the rest with $1 trillion in net worth. Should this playing field be leveled if so, how? The questions the progressive socialists and Marxists have are, how is this justified and should government level the playing field through a wealth tax that is a redistribution of wealth, more entitlements or reparation? The capitalist says no when wealth is given without a return it soon disappears and the socialists ask for benevolence until they run out of wealth, then both ask, does the constitution protect wealth? Does the justice system favor the wealthy? Do millionaires and billionaires work harder and smarter? There is no easy answer to these important disparity questions. If you treat America as an employer of all maybe disparity is relevant, but not with free market enterprise protecting the synergy of monetary capital and human capital coming together to create leverage, then disparity is a natural function of free will and free market enterprise. That is the embodiment of the Great American Enterprise … free will and unlimited opportunities to generate personal wealth. This is the foundation of the American Dream that separates American risk takers from the rest of the world. And for those who are willing to take a risk in the marketplace shall share in the rewards. Of course, the wealthy upper class must learn to share not tear down America’s GDP because of disparity. But in reality, there are other theories that confront the splitting of the rewards fairly.  In America this split is currently decided by each entity based on some form of evaluation of performance that justifies the split, but why does a CEO make$ 26 million per year, CFO $10million per year and the line worker $15 TO $30 per hour. Does the CEO and CFO have that much more at risk or is it responsibility that is a form off risk? The answer in Lassez-faire (free market enterprise) is yes.