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Business Title: Are You Rich? If So, You Are Probably an Abused Minority Written by Paul Speaker Wednesday, December 20, 2006 Those familiar with luxury communities in the Bay Area’s Silicon Valley will recognize my Saratoga address as an indication that I am fairly successful--some would even call me rich. Undoubtedly, serendipity has played a role in my accumulation of wealth. However, hard work, diligence, and focused pursuit of goals are more responsible for my success than random luck. Taking personal responsibility for my life and that of my family, rather than relying on government, is another key element in my attainment of financial freedom. Because of my financial status, I am unencumbered with concerns that commonly plague American families: Providing a quality education for my three daughters, meeting challenges like a leaky roof, medical crisis, major automobile repair, or other emergencies are not cause for angst. My greatest challenges are managing a diverse portfolio of stocks and bonds and securing the greatest yields on other complex investment opportunities. Being rich has many benefits. Actress Mae West’s famous line “I’ve been rich and I’ve been poor. Rich is better,” is one that I enthusiastically endorse! At the same time, I regard myself as a member of one of the most maligned and abused minorities in America. No group of people is more underrepresented in our society than us the rich. We rich folk are the constant targets of hate speech and discrimination emanating from Democrat politicians and liberals in general. California is particularly notorious for attempting to dump all problems on the backs of the well-to-do. For instance, actor Rob Reiner (meathead in “All in the Family”) sponsored a failed ballot measure to provide universal pre-kindergarten education for all families. Reiner’s plan would have imposed a special tax on high-income families to pay for the education of poor and middle-class children. In 2004, during the recall campaign to unseat Governor Gray Davis, Democrat Cruz Bustamante proposed to revise the state vehicle tax to reduce the state budget deficit: Bustamante would have reduced the tax for the owners of modest vehicles while substantially increasing the tax on Hummers, BMWs, and other vehicles preferred by us the rich. Reiner and Bustamante are typical of most Democrats and all liberals. Wealthy people are seen as a vulnerable and weak minority that can be exploited with impunity. In effect, liberals buy the votes of the unwashed masses by stealing money from the rich. This is blatant discrimination, not unlike crimes committed against people based on race, religion, nationality, or sexual orientation. But because it involves the rich, Democrats feel no moral compulsion to be fair or honest. But discrimination is wrong regardless of reason or possible benefits, and has no place in a capitalist society of free people. Politicians who abuse the rich for political gain must be treated with the same disdain and disgust as those who engage in racial bigotry. America needs the rich, and the rich need America. About the Writer: Paul Speaker is a self-taught economist who earns his living by providing financial services to entrepreneurs in California's Silicon Valley.
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