In the 2012 presidential election, the mainstream media never went a day without taking a shot at Mitt Romney’s wealth. Jump ahead four years and those same media jackals are now jumping on Marco Rubio for his lack of wealth.
Recently, in an apostolic statement Pope Francis said, in effect, that capitalism is OK with him on the condition that we feed the poor. I say, with all deference to the Holy Father, that we can feed the poor only on the condition that we have capitalism.
Conservatives believe in the sanctity of individual property rights. Liberals believe that those who are well off should be compelled to forfeit wealth for the greater good.
Today, if you want to live where the average income is highest, it’s not Silicon Valley. It’s Washington, D.C.
Anyone who so chooses can live for a time as if he or she is wealthy. But for how long? Time is the critical variable.
Weekend before last, I attended the annual shareholders meeting of Berkshire Hathaway. For those of you not familiar, Berkshire Hathaway is the company headed by legendary investor and perennial competitor for title of wealthiest man in the world Warren Buffet. The Berkshire Hathaway annual meeting has been called “the Woodstock of Capitalism.” Unlike most annual meetings, the Berkshire meeting is an event. More than 35,000 people, mostly middle-aged, middle class owners of as little as...
I was at a gathering on Saturday in Dallas in the brand new home of a couple that is somewhat close to me. When I describe the home, don’t draw any conclusions about me. Though they are close for reasons I won’t disclose, I am a visitor in their home no more often than two times a year. The home sits on about an acre in Highland Park, the wealthy enclave just north of Downtown...