Drop The Entitlement Mentality & Get Greedy

Feeling entitled to something is like a prison.  If you want it bad enough, you start to think anything else is somehow less and it blinds you to the value of the things you do have.  The more you concentrate on that “thing” and how unfair life is being for denying it to you, the more your world shrinks to one of need, jealousy and disgruntlement.  Ironically this leads you further away from actually obtaining what you want because instead of taking positive action towards getting it, you waste time and energy stewing about your situation.

Our culture is steeped in this entitlement mentality which politicians encourage by fear mongering about income inequality and by pitting us against each other with false narratives on how the rich are constantly screwing the little guy.

It’s such a destructive mindset as it offers nothing to actually help income inequality except warmed over socialist notions about raising the minimum wage or increasing taxes which would both end up hurting more poor people in the long run.  But hey, the politician gets a nice sound bite and probably buys a few more votes with the schtick so who cares, right?

I’m of the Milton Friedman school of thought that, “A society that puts equality-in the sense of equality of outcome-ahead of freedom will end up with neither equality nor freedom…On the other hand, a society that puts freedom first, will, as a happy by-product, end up with both greater freedom and greater inequality.”

Now obviously we have income inequality in our society but I’m not convinced it’s something to worry about. Just because Bill Gates makes more money in a week than I probably will in a lifetime doesn’t mean he has in any way prevented me from making a good living of my own. In fact the products made by his little company called Microsoft  have made my life more productive and efficient in countless ways (minus Vista of course). Gates has also provided jobs for hundreds of thousands of people and his charitable foundation is helping millions around the world.

The point then is not really how much money people make but what system is best for distributing it and the goods people produce?  I vote for capitalism and so does Milton Friedman.  Watch below him explaining this to a baffled Phil Donahue in an old clip from Phil’s show and how greed can be good.  And thanks Gary from http://www.letfreedomringblog.com for sharing it with me.

 
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3 Responses to Drop The Entitlement Mentality & Get Greedy

  1. Tricia says:

    This post is from a great blog for small investors that ties in well to my post and gives good advice for after you’ve dropped the entitlement mentality and are ready to take action! http://smallivy.wordpress.com/2014/12/01/the-american-dream-is-there-for-all/#comment-4971

    Like

  2. Jack Sutter says:

    I’m a big fan of Milton Friedman.
    That man knew what he was talking about.

    Personally… I always kind of think of it as “equal opportunity” because where’s the incentive to do or be better when that freedom and consequent inequality of income becomes an equal income? And the rocky bottom we should hit when we do nothing and piddle away our lives depending on others, also a result of equalized income, we have nothing to fear because of governmental safety nets allowing for failure or complete lack of effort. No negative repercussions when we don’t do so well and nothing to gain if we do… that would be a horrible, dull little world.

    With capitalism, income may not be equal from one person to the next, but it increases opportunitues at all levels for people to move up (or down) on the socio-economic scale. Anything that doesn’t include a poor class, that doesn’t include the possibility to fail, that doesn’t carry consequences for our failures, is not real freedom. Freedom doesn’t just mean we’re free to succeed. It also has to mean we’re free to fail. That element has to be present imo, because anything short of that is not true freedom.

    So, umm… yeah, I think that’s my long-winded way of saying I couldn’t agree more with you. lol I’m bad about keeping the length of my comments down most of the time so, sorry about that. The shorter version…

    Well said, I couldn’t agree more 😀 .

    Liked by 1 person

    • Tricia says:

      I love your “long winded” comments as they say a whole bunch. In fact this one right here on freedom and responsibility could be a full blown blog post for ya. Again thanks for coming by. 🙂

      Liked by 1 person

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