You Think I'm Rich, Don't You?

When Mr. Ben reached 60 he announced that he was no longer coming in on Fridays. When he turned 65 that he would no longer come in on Mondays, then Tuesdays, then Thursdays. He worked only one day a week and spent the rest of his time on his boat in Florida. He attended a meeting that we had arranged to discuss the changing model in the auto parts business. The Auto Zones and Advance Auto Parts were moving in and the old model didn’t work anymore. The general manager laid out an intricate plan to build our own super stores to compete with them, heads up. Mr. Ben congratulated him on a wise strategy but added, "I’m done, at my age a lifetime book club membership isn’t a very good deal. It’s up to Bubba."

Well, the stores are all gone now, as are all three warehouses. Only the Realty Company survives, selling off the strip centers that Mr. Ben had built during his lifetime. The warehouse where we held that meeting is a parking lot now, only identified by a sign for the long-term parking contact. Poor Joe the plumber is more like Bubba than like Mr. Ben. Worried about his taxes even before he makes the money, he can’t wait to put that money in his pocket. Trying to be rich without building a business instead of building a business that will make him rich. A business that can only thrive in a prosperous economy and Mr. Ben knew that. We will always pay taxes so the argument is who will benefit from them, the few or the many?

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