(Update at bottom)
The United States and the West are in a world of trouble. I say this for probably not the reasons that you expect and are so obvious to most concerning debt and a poor economy. I say this because the USA & the West are in serious trouble due to poor schooling and with that, are you ready for it? The current hate of the rich and wealthy.
Send your kids to the best school you can afford
Yes. Far too many people in the west seem to hate the rich these days. It's a very bad situation and if this continues will certainly have seriously bad repercussions for all nations and even poor people. Why? Well, Karl Marx would be happy, but hating the rich translates into people thinking it is OK for the government to increase taxes and get more involved with wealth redistribution.
Folks, more government is not the answer. Government is the problem. If more government were a good solution to our problems then the Soviet Union would have been a very successful country. But they weren't.
One thing good about Japan, though, is that I don't notice the Japanese hating the rich. The Japanese have their problems too but they have their heads on straight and do not hate the rich. They aspire to become the rich. That's logical and normal behavior. It used to be normal behavior in the west too. But now? Now in the USA and the west, people have probably started hating the rich because they can't find a way out of their debt and their financial troubles so they become jealous of what others have. I know this trend is definitely forwarded by the mass media.
Just think how much derision was scorned on Mitt Romney because he is rich! Sure, Romney is might be a jerk, but being rich is not one of the reasons why.
It hasn't been that long ago that books like "Rich Dad, Poor Dad" by Robert Kiyosaki was a best-seller, was it?
The seeds of this current trend of hating the rich (around for a long time on Liberal Arts university campus) seem to me to have been really accelerated from the so-called "99%" trend that came out of the "Occupy movement" that says the 1% are evil and somehow got their money through dishonest ways. Certainly there are some who were involved in criminal enterprises but I'd wager they pale in comparison to the crimes our government commits on a daily basis. Certainly it was the government who bailed out the banks and zombie industries. But how that now translates into the current trend of hating the rich is a curious leap indeed.
It's not the rich who are our problems here folks. It's the poor who are the problem; the poor have no money and, in many cases, a bad education. If you think I am wrong then go to some rich neighborhood and check it out then, after that, go to the ghetto in Los Angeles, New York or Detroit look around and then tell me that you think it's the rich that are "part of the problem."
Recently, I posted an article entitled, "Japan is Collapsing" I wrote:
I am angry at the stupid Japanese government for taking our tax money and bailing out these zombie banks and keeping the status quo intact at the expense of the people and our children's future. I am furious that the situation has gone on for so long. I am angry that it is not only us who is feeling the pain but everyone else I know... I get angry when I read the news and see that 15.7% of all Japanese are under the poverty level. I get pissed off when I see that our debt to GDP is over 237%....
And I really get angry when I read that these idiots in government want to raise our taxes and keep with the failed policies of these last twenty plus years.
And it really really astounds me that the people who got us into this mess can get reelected again. What a farce.
Due to that article, I've been infuriated with socialists making absurd claims. The most ridiculous (and incorrect ones) one from a reader who still insists that
There's 127 million people in Japan and ex-pat westerners don't even number over 100,000...
So the debt to GDP of 237% and 15.7% of all Japanese living below the poverty line is, in part, fault of the .00078740157% of the population of the country and, people who comprise folks living in the upper-class of wealth. (100K divided by 127 million is .0007874015 or .078740157 percent).
Right. You see, it's the rich people who are the problem?????
Western culture is presently defined by many things; one of which being an instilled sense of extreme jaundice toward wealth. No doubt Karl Marx would beam with pleasure in seeing how the contemporary bourgeoisie is regarded with hateful suspicion.
Before the twentieth century and the ascendance of the all-intrusive state, sumptuous living was typically seen as something to aspire to. It aroused jealously which fueled a lust for reaching such heights of luxury; not to pick away at success.
The bourgeoisie values of prudence and temperance are no longer respected in the Western world. They are seen as anachronistic and not in tune with the needs of society. This is a self-defeating attitude that will only lead to further impoverishment. For as long as success is punished and high time preferences are rewarded, the capacity for productive efforts deteriorates.
Coercive egalitarianism based on ill feelings of Schadenfreud is a cancer.