"Nazis, Pedophiles, Rapists and Plaintiff's Attorneys"

Technology that could follow in the creatively destructive footsteps of the Internet... December 13, 2013     "Nazis, Pedophiles, Rapists and Plaintiff's Attorneys"   Readers pull no punches… your editor's left with a face like a stuntman's knee... What to do if you're trying to build your wealth: The most important takeaway restated... Plus, Walter Williams attempts to end our conversation on income inequality (ugh… for the love of Pete… we hope he ends the conversation)... and more!       A New Way To Play America's Shale?   If you've ever flown cross-country, say from Los Angeles to New York (or vice versa), there's a good chance you've seen it. But looking down from your plane window, you might have missed the significance... Because it looks like miles of mountains and wasteland.     It's called Mancos Shale. And underneath the elephant-skinned outcroppings, there are lucrative riches of unbelievable proportions...   And underneath that, in the Rocky Mountains, you'll find the equivalent of 59 billion barrels of oil. And there's an easy way, a better way, to do so that nobody is talking about. The last time around, this other way paid out $50 for every $1 invested. Now, it's opening up again.   Click here now to discover how to claim your stake right away.         Peter Coyne, swimming against the current of reader mail… Who said income inequality wasn't a touchy topic? We only called it abstract -- a political weapon at best. Oh, and we said the debate over it was "stupid". "Listen up, smartass!" began the litany of reader angst on the subject. Uh-oh… [Your editor wakes up frantically, wiping the drool from his mouth...] "Investment is not what you do." Uhh… OK, then what do we do? "What you do is to create ways of getting something for nothing. This is the basis for the stock market, bond market, default swaps and the numerous tax dodges your cronies have created for you to exploit. "Explain how 400 families could have come to control 50% of the entire wealth of the U.S. population? You want to give 'investment' advice, fine. Just don't demonstrate your ignorance or if you already know that all these investment strategies are fundamentally the implementation of a huge scam on the rest of the people, your contempt for the intelligence of your target audience." Our cronies? Contempt for the intelligence of our target audience? Hmnn… "Income inequality is a stupid debate?" writes a second reader. "Have you ever questioned why a failed artist from Austria became the head of Germany in the 1930s?" "I think you're down near the lowest forms of life," writes a third reader, piling on for the sake of it, "along with Nazis, pedophiles, rapists and plaintiff's attorneys. You can jockey for position. Above you is pond scum....then amoebas and then the progression of life upward. You get my drift." We've been called plenty of names… but we will not -- we repeat, we will not -- be grouped in with plaintiff's attorneys! "Got news for you," writes a fourth reader, "this discussion isn't going to go away. You apparently lack the capacity and depth to deal with the greatest failure of our society, so instead you dismiss it as an 'abstraction.' Nothing could be less of an abstraction than this very issue. "Not as long as our taxes prop up big giant banks and big giant businesses whose media whores whine about social welfare and other 'menaces.' Not as long as they buy off the government and write the laws. Not as long as the heirs of one family have more net dollar worth than the lowest 40%. Not as long as the working people, the most productive in world history, continue to be disrespected, chewed and spit out. "Whether or not talk of inequality is used as a political tool, dismissing it as no more than that is ridiculous. What's more of a political tool than talk of 'taxes' (the only thing nearly as real as death)? Politicians talk about real stuff because they know it plays well, as in, 'That guy wants to raise your taxes.' (Translation: 'He really wants to raise the taxes of my billionaire CEO buddy, but you don't need to know that, chump.') "You are likely one of the 99%, and the 1% has got you by the short hairs whether you talk yourself out of recognizing it or not. The wealth gap means you have a hollow economy, a ship without a sail. So instead of dismissing the pope, why not have the cojones to do something about it, instead of listening to your own cynical babble?" Oy. The point is rather simple. Or so we thought. If you're going to build your own wealth, then check the groupthink at the door. It won't help you. (Seriously? You didn't find the C spot definition at least mildly entertaining?) If you're interested in building wealth, we strongly encourage you to register for our free webinar on Monday. It's one way you can take meaningful action. We're going to show you live how to generate $450 in under five minutes. And just in case you take us for fakers, we're going to prove the income technique is real by spending the money we generate on holiday gifts right there in front of you live. To watch the event, you simply need to register... which you can do right here. It's free. If, on the other hand, you're hellbent on marching down the Mall chanting slogans for income equality, we say good luck... and read on. Below, you'll find a short and sweet piece on the topic by Walter Williams…         Has Gold Met Its Match?   Governments have been destroying currencies for centuries.   Today, central bankers have kicked it into overdrive and, logically, many investors have turned to gold.   But this new solution just might be the decentralized and secure money that gold could never be.   Click here to learn why some investors may have found their new alternative to the dollar, euro or even gold.         The Daily Reckoning Presents…   Suppose Tom, Dick and Harry Are Playing a Game of Poker...   by Walter E. Williams   Income is a result. As such, results cannot establish whether there is fairness or justice. Let's look at it. Suppose Tom, Dick and Harry play a weekly game of poker. Tom wins 75 percent of the time. Dick and Harry, respectively, win 15 percent and 10 percent of the time. Knowing only the poker game's result permits us to say absolutely nothing as to whether there has been poker justice. Tom's disproportionate winnings are consistent with his being either an astute player or a clever cheater. To determine whether there has been poker justice, the game's process must be examined. Some process questions we might ask are: Were Hoyle's Rules obeyed, were the cards unmarked, were the cards dealt from the top of the deck, and did the players play voluntarily? If these questions yield affirmative answers, there was poker justice regardless of the game's result, with Tom winning 75 percent of the time. Similarly, income is a result. In a free society, for the most part, income is a result of one?s capacity to serve his fellow man and the value his fellow man places on that service. Say I mow your lawn and you pay me $30. That $30 might be seen as a certificate of performance. Why? I go to the grocer and ask for 3 pounds of steak and a six-pack of beer that my fellow man produced. In effect, the grocer asks, "Williams, you're asking for something that your fellow man produced; what did you do for your fellow man?" I say, "I served my fellow man by mowing his lawn." The grocer says, "Prove it." That's when I give him my certificates of performance, the $30.       Is The White House Terrified of the "Secret $200 Retirement Blueprint?"   If you've already retired, or want to retire soon, I urge you to watch this video presentation before we have to pull it down.   This "Secret $200 Retirement Blueprint" shows you step-by-step how to grow a monster-sized nest egg with a little time and a tiny grubstake.   Click here to watch this video presentation now.         Google founders Sergey Brin and Larry Page are multi-billionaires. Just as in the case of my mowing my fellow man's lawn, they became very wealthy by serving their fellow man. The difference is they served their fellow man far more effectively than I and hence received more "certificates of performance," enabling them to make greater claims on what their fellow man produces. Their greater income is a result of their pleasing millions upon millions of their fellow man. They created wealth by producing a product that improves the lives of millions upon millions of people all around the globe. Should people like Messrs. Brin and Page, who have improved our lives, be held up to ridicule and scorn because they have a higher income than most of us? Should Congress use the tax code to confiscate part of their wealth in the name of fairness and income redistribution? For the most part, income is a result of one's productivity and the value that people place on that productivity. Far more important than income inequality, there is productivity inequality. That suggests that if there's anything to be done about income inequality, we should focus on how to give people greater capacity in serving their fellow man, and we should make sure there's a climate of peaceable, voluntary exchange. Think back to the poker example. If one is concerned about the game's result, which is more just? Taking some of Tom's winnings and redistributing them to Dick and Harry, or teaching Dick and Harry how to play poker better? Regards, Walter E. Williams for The Daily Reckoning [Friendly Reminder: We're hosting a free live webinar just for you this upcoming Monday, Dec. 16. During it we'll show you how to generate $450 in less than five minutes with just a few clicks of the mouse. You'll also get to see us spend the money in real time as proof that the technique is real… easy to learn… and open for anyone to use. There's no obligation… but we kindly ask you to register beforehand at this link.]         Walter E. Williams is an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author.         BE SURE TO ADD dr@dailyreckoning.com to your address book.       Additional Articles & Commentary: Join the conversation! Follow us on social media:         The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Agora Financial delivering daily email issues and advertisements. To end your Daily Reckoning e-mail subscription and associated external offers sent from Daily Reckoning, feel free to click here. Please read our Privacy Statement. For any further comments or concerns please email us at dr@dailyreckoning.com. 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