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Conclusion and what is left via inflation. If they own shares of a company, they own common shares—common shares for common people. The plantation system is alive and well, even in the Information Age.

The Plantation System In 2011, kids still go to school, learning nothing about money. In 2011, kids still come out of school looking for a job, anxious to get married, buy a home, and raise a family. In 2011, the national debt is out of control, and foreclosures take homes from millions of homeowners. In 2011, our wealth is being robbed via higher taxes to pay for this debt, debt that goes to the rich. In 2011, kids who find jobs are only too happy to have taxes taken from their paychecks before they get paid. In 2011, kids are only too happy to have money deducted from their paychecks with the illusion that they are investing for their retirement. In 2011, legislation is now being passed making it legal for the government to take a larger percentage of your wealth when you die. This is the problem of supporting a school system led by E’s and S’s, training young people to be E’s and S’s. This is the problem of having political leaders who are E’s and S’s leading a capitalist system controlled by B’s and I’s. This is what happens when E’s and S’s do not know the difference between assets and liabilities. They spend their lives working to accumulate liabilities, believing they are assets. They go to school to find a job without knowing that a job is not an asset. They work for money, not knowing that money is no longer money. They buy a house, not knowing that a house is not an asset. They save for their retirement, not knowing that stocks and mutual funds are not really assets. When their jobs are shipped overseas, they go back to school to be retrained for a new job. And they advise their kids to do the same thing.

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Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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