12 Mar

Ah, the Rich! They Are Different From You and Me.

By Walter | 2 comments


Oh, joy! Forbes’ annual billionaires issue just arrived, and it does not disappoint.

You have certainly heard about the financial crisis. But let’s review: The cracks in the system began to appear in 2007, right about the time the stock market reached an all-time high in October of that year. By September of 2008, less than a year later, the world financial system was on the brink of total collapse and the entire international financial community was in a panic. Six months later, four years ago, the stock market tanked, losing more than half its value. Since then, as if by magic, the stock market has fully recovered and is now breaking records daily.

What are we to make of this remarkable recovery? It’s a teachable moment that confirms Scott Fitzgerald’s observation: “Let me tell you about the very rich. They are different from you and me.” How different? Let us count the ways.  

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17 Jan

Pity the Poor Doctors

By Walter

I recently received an email from a friend who forwarded the following rant from a doctor:

“Dear Mr. President:
During my shift in the Emergency Room last night, I had the pleasure of evaluating a patient whose smile revealed an expensive shiny gold tooth, whose body was adorned with a wide assortment of elaborate and costly tattoos, who wore a very expensive brand of tennis shoes and who chatted on a new cellular telephone equipped with a popular R&B ring tone. While glancing over her patient chart, I happened to notice that her payer status was listed as “Medicaid”! During my examination of her, the patient informed me that she smokes more than one costly pack of cigarettes every day and somehow still has money to buy pretzels and beer.
“And, you and our Congress expect me to pay for this woman’s health care? I contend that our nation’s “health care crisis” is not the result of a shortage of quality hospitals, doctors or nurses. Rather, it is the result of a “crisis of culture”, a culture in which it is perfectly acceptable to spend money on luxuries and vices while refusing to take care of one’s self or, heaven forbid, purchase health insurance. It is a culture based on the irresponsible credo that “I can do whatever I want to because someone else will always take care of me”. Once you fix this “culture crisis” that rewards irresponsibility and dependency, you’ll be amazed at how quickly our nation’s health care difficulties will disappear.
I felt compelled to respond, as follows:

There will be expenses.You can help.


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