The following clip from CNBC of Nicole Miller’s CEO Bud Konheim is absolutely disgusting. Then again, this simply continues the recent trend of wealthy people coming on financial outlets and telling the poor how they are supposed to feel.
Rather than me rewriting what I already wrote on this topic, I encourage you to read my very well received post from last week:
An Open Letter to Sam Zell: Why Your Statements are Delusional and Dangerous.
This is how I ended that article:
I don’t think you’re a bad guy with evil intent. I think you are a money obsessed financier who hasn’t taken the time to actually understand what is really going on within your own country because you have your head so far up your own ass. It’s hard for anyone to actually look at themselves in the mirror and be honest about themselves and the myths they create. However, history shows us that when decadent plutocrats are unable to do so, we end up with disastrous situations. Situations which are often times violent and result in despotism. A situation I desperately hope to avoid, and I truly hope you and others like you recognize your error before it is too late.
While the CNBC clip below is priceless, equally disturbing are the results from CNBC readers to the poll question: 
Perhaps they could try asking poor people questions about themselves for a better perspective.
Now check out the video:
In Liberty,
Michael Krieger
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“Economics is haunted by more fallacies than any other study known to man. This is no accident. While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case. And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking on the subject becomes next to impossible.
In addition to these endless pleadings of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of man to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences.” – Henry Hazlitt – Economics in One Lesson
You have men who constitute the unseen true ruling power of the country making a conscious and intentional effort to peddle fallacies to the masses in order to manipulate, mold, and corral them in a manner beneficial to the ruling power, financially, politically, and socially. The ruling class has been hugely successful in their capture of the public mind, creating a vast majority of the willfully ignorant who desperately grasp at fallacious concepts, beliefs, and storylines in order to avoid dealing with reality and being accountable for their actions and the actions of their leaders.
http://www.theburningplatform.com/2014/02/10/the-broken-limb-burst-pipe-fallacies/
I guess Bud Konheim feels a little special?…just remember his words when you’re buying gifts.
Right… don’t factor the cost of living into any of your calculus. You can live like a king in China, India, Thailand… on 35 grand a year. Try that in the US. What absolute horseshit. It is truly sad how gullible people are (actually, how uneducated).
“But today as then, the great propertied interests and their agents commit the most ferocious crimes in the name of the whole people, and bluff and brow-beat them by lying propaganda.”
C.L.R. James
Yes I’d leave it the government and it’s constituents didn’t already rob and stiff me. Can I have a bailout buddy? I need MY money more than you do.
Someone should ask this idiot a simple question…”So Mr. Genius, why aren’t hundreds of thousands of poor Americans moving to India, China or Thailand to “live like kings?”