Publication Date: 2002-12-04
Dennis writes a weekly commentary on education and the economy, posted every monday on his website: http://jobseducationwis.org
Also available at http://www.educationnews.org
. . .Inspired by the writings of the global economists and media pundits in conservative publications the following principles for the sacredness of money are stated.
Principles for ?The Sacredness of Money?
1. The ultimate purpose of life on earth is to make and accumulate money.
2. The methods utilized to accumulate wealth are irrelevant. The most important
criterion for success in this world is the quantity of wealth accumulated. There are no other ?measurable? criteria of success of significance.
3. Achieving wealth from capital gains from investment should be more profitable than
wage and salary income. Money earned by investment is more sacred than money earned by work.
4. Education for education sake is a fraud perpetuated by failing and corrupt public
schools and educators, left-wingers, social planners and a liberal media.
5. Education is not absolutely necessary to accumulate great wealth. Many high school
graduates would be much better off by not going on to higher education. There are anecdotal stories that high school graduates and even dropouts can become millionaires with hard work and an entrepreneur spirit not taught in public schools
6. College graduation is not a guarantee of a good job with a high salary. Many college
graduates are employed in low pay dead end jobs like salesclerk, taxi driver and
bartender. They did not learn anything in college that would get them a high-income
job. Besides, they wasted thousands of dollars that could have been invested in
profitable investments in the private sector.
7. The reason that so many college graduates are employed in low paying jobs is that
the quality of public schools is deteriorating. They are not learning how to be problem
solving creative thinkers. Schools are not preparing students for the high skill and
high pay jobs of the future and to be wealthy entrepreneurs. (The fact that a majority
of jobs being created in the 1990?s and projected for the future require only short-term
training and are low pay jobs is not relevant.)
The Ten Principles of Wisdom, The Classic Economic Philosophy of Life
(1) Help thy rich and give them the homage they deserve.
(2) Bash thy schools and let the fittest and most self-righteous survive to
(3) Profiting and classic economics were created by divine power and require no regulation except to help some make more money.
(4) "Survival of the fittest" was
conceived in heaven and giving money to those in need is harmful to them.
(5) Taxing those with the ability to pay is a serious sin for which the evil tax collectors will someday suffer horrendously, regardless of the uses of this "sacred" wealth.
(6) It is justice to put workers in poverty rather than raise taxes for the creation and saving of jobs to salvage the dignity of workers and their families.
(7) Spending and borrowing more than $200 billion each year, raising the national debt by $3 trillion, and spending billions for obsolete defense systems are OK as long as taxes are not raised.
bond prices and the money wealthy are the ultimate of virtue and saintliness.
(9) Safeguards must be utilized in economic policy (such as interest rates) so that job growth will not become so large that inflation will lower the "sacred" wealth of those most worthy.
(10) Universal health coverage and social services cost money. Money is much too "precious" to waste on the sinful, unforgiving and ungrateful working poor.
Dennis W. Redovich 414-421-1120
Center for the Study of Jobs & Education in Wisconsin and U.S.