The Fiduciary Talk
There's an old investigative adage used by reporters, police, and crime novelists:
Follow the money.
The financial system is a game, Dudes. It's an outright serious, life and death game that 9 billion people play. Most of them don't even know its also a hoarding game. That's how it is when people collect things to excess. It is hoarding in every sense. Now, when someone has a house overflowing with newspapers or with 100 cats, it makes the news as an oddity. A peculiar player in the life game was hoarding, news at 11am, 3pm. 5pm, 6pm, 10pm, 11pm, and 2am. But, someone hoards money and we recognize them under an auspicious monied title, "millionaire, billionaire, or trillionaire." Half stare in awe, the other half in disgust. I stare like one who recognizes a fellow hoarder. I don't hoard money. (I have a book problem.)
Don't you see, financially speaking, it is weird that someone would spend money on a house full of newspapers. Likewise, it is weird that someone would take in 100 cats. Newspapers and cats do not have a high return on investment. But, hoarding money in a diversified portfolio, well that just makes good financial sense. Laurels, accolades, free weekends at the hottest luxury clubs, comped gifts in exchange for presence as news of celebrity sightings always drives revenue. Those board games were only an introduction. A weening, if you will.
Here. Let me rip the tape off.
We have some basic forms of money floating around: coins, paper, cards, crypto, metals, gems, and natural resources. We also have alternate forms of currency: labor, trade, weapons, drugs, sex, and politics. We've made laws regarding the exchange of currencies, goods, and labor. Fact is, the legal system is the decision making arm of a financial accounting system that goes back further than we as a species have recollection. Police departments are designed to be enforcers of the legal system, ensuring that punishments are carried out and that citizens appear in court when summoned. (This is, of course, a simplification). Police enforced punishments involve imprisonment until fines have been paid, which serves only to reiterate that there is a very financial element to this life and death game of kidnap and ransom.
So, when a billionaire hoarder runs for and wins the presidency, the picture of a money obsessed culture emerges. A dangerous and foolish notion of the popular variety exposes misplaced hopes as rhetoric blinds listeners to the visible truth. Think about it. Billionaires have money from keeping it, not from giving it away. Their charitable contributions are calculated in such a way as to give their financial portfolio the biggest bang for its buck.
That blockchain technologies are disruptive to the money supply is apparent when looking at the current state of the BTC-USD exchange rates which topped $1750 prior to this writing. What does blockchain have to do with billionaires? Billionaires are natural hoarders with the finances available to purchase the type of hardware necessary to operate large bitcoin mining facilities. So, who is disrupting the money supply?
New laws, coins, blockchains, apps, posts, discussions, and trades all serve to disrupt the money supply. Political responses will be drawn to protect monied interests. Which means, that until billionaires find themselves hoarding a diversified portfolio of altcoins, fiduciary laws will favor traditional income sources.
Take it easy, Dudes
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Absolutely agree. When I taught I used to talk to the Business Studies students about 'How much money do you actually need in a year to live a very affluent lifestyle'? We worked through a Billionaires lifestyle costs - houses, staff, cars, holidays, boat, plane, day to day costs, wife's expenses, school fees, etc., Remembering that the high cost items, houses, boats and planes were already bought....The interest on a year's salary would have paid for it! Why then do these CEO's still insist on huge yearly salary increases? It is obscene!!!
It's a perfect question that everyone should ask themselves on a regular basis. A perspective check.
It certainly is....especially the wealthy, and those big earners who cannot establish a sound answer to: have they benefitted the company they work for, actually? To acquiesce to huge yearly increases in their earnings as a matter of course. It is not on. Thank you for taking the time to reply. X
Read this gem on Yahoo News... what the hell does anyone need a 9 figure income for? Hundreds of millions? Unreal!
It is sick - no one is worth yearly what they are being paid. They can't take it with them when they die; they can't possibly spend a fraction of that income; what do they do with it? Leave it to their children to waste and destroy their lives. Hey ho, 'what goes round comes round'. X
It sure does not "trickle down." lol