With rich friends like these, who needs enemies?

May 23, 2010

We need the wealthy and the talented more than they need us. Their skills are international, their enterprise is universal. They can make more money, live better lifestyles and generally advance their family’s prospects better in countries more developed than our own. Australia, North America, the UK and even the new Asia. [Michael Laws, 23 May 2010]

What’s wrong with this statement? This wasn’t really going to be a post-budget post, but in a way it is. It has to be because this budget has been celebrated in some circles as somehow “fair” in terms of tax redistributions and certainly as being “good for business”. The implication there is that what’s good for business and business owners is good for all of us. In fact, that’s not the case. The budget favours the wealthy and as Michael Laws argues, so it should, because we must be grateful for any crumbs that drop from the top table.

But, how do the rich get that way? Is it really because of their talent? Am I, and are we, as Laws suggests, just envious of their elegant ways and clever business acumen? Or are these tall poppies actually gold-plated jerks in need of chopping down?

Do we really need wealthy people like Mark Bryers — a thief, liar and luxury rooter? Read the rest of this entry »