The Rich and why America needs them.

A few weeks back I was listening to a podcast of the Dennis Prager show and he had guest on by the name of Ziad K. Abdelnour, President & CEO of Blackhawk Partners to discuss his blog posting titled “Why we need the rich: A message to Americans – and our leaders in Washington DC – on wealth creation” .
It is simultaneously one of the best defenses and explanations who the rich are and why we need them.. It is a must read and has many nuggets of truth but here is one of the most poignant in the piece:

“A great number of the richest among us never finished high school, and many who went to college never managed to graduate. That’s because the rich in this country are chosen not by blood, credentials, education, or services to the establishment. The rich are chosen for performance, and for their relentless desire to serve consumers.
The entrepreneurial knowledge that is the crux of wealth creation has little to do with glamorous work, or with the certified expertise of advanced degrees. Great wealth usually comes from doing what other people consider insufferably boring.
The treacherous intricacies of building codes or garbage routes or software languages or groceries, the mechanics of butchering sheep and pigs or frying and freezing potatoes, the murky lore of petroleum leases or housing deeds, the ways and means of pushing pizzas or insurance policies or hawking hosiery or pet supplies or scrounging for pennies in fast-food unit sales, all of those tasks are deemed tedious and trivial.
In short, our rich – America’s best entrepreneurs - perform work that most others spurn.”

I would encourage everyone to share this article with friends and family, but especially someone young because there view of the rich will help to shape both our nation’s economic future and theirs as well. The peasant has spoken, see you next week.