What is the number one reason that the rich get richer, the poor get poorer, and the middle class struggles with debt?
Its because financial education takes place in the home.
Parents pass down their understandings and financial habits to their children. Its funny how such an important part of our society is completely neglected in the public school system. Wouldn't a person of any occupation benefit from the knowledge of how to properly invest and ultimately create personal wealth? (my definition of wealth being that yearly passive income derived from investment is greater than yearly living expenses). Ofcourse it would be their own decision whether or not to follow through and adopt the principles learned. Wouldn't financial literacy on an individual level tend to produce a more wealthy and prosperous nation as a whole? Hence the riches of Babylon. Like in the story of Babylon it seems that our people have lost touch with the knowledge and labors that once created such an imperial state.
Would those people in position of power knowingly deprive others of such necessities?
It is hard to argue otherwise.
In 1902 John D. Rockefeller, one of the wealthiest buisness men on earth, with the combined efforts of some of America's wealthiest and most influential figures, founded the General Education Board. Donations from the Board helped to spawn the first widespread highschool systems for the southern states, and also to create higher education institutions across the nation. They also contributed large sums to medical and agricultural institutions and education in those fields. There are many who believe that the intentions of the board were to direct the education of America's youth rather than increase it. A paragraph from the book "The Creature from Jekyll Island" by G. Edward Griffin puts it well....
"The purpose of the foundation (the General Education Board) was to use the power of money, not to raise the level of education in America, as was widely believed at the time, but to influence the direction of that education... The object was to use the classroom to teach attitudes that encourage people to be passive and submissive to their rulers. The goal was-and is-to create citizens who were educated enough for productive work under supervision but not enough to question authority or seek to rise above their class. True education was to be restricted to the sons and daughters of the elite. For the rest,, it would be better to productive skilled workers with no particular aspirations other than to enjoy life."
Also, an excerpt from a letter written by the General Education Board....
"In our dreams, we have limitless resources and the people yield themselves with perfect docility to our molding hands. The present education conventions fade from their minds, and unhampered by tradition, we work our own good will upon a grateful and responsive rural folk. We shall not try to make these people or any of their children into philosophers or men of learning, or men of science. We have not to raise up from among them authors, editors, poets or men of letters. We shall not search for embryo great artists, painters, musicians nor lawyers, doctors, preachers, politicians, statesmen, of whom we have an ample supply…The task we set before ourselves is very simple as well as a very beautiful one, to train these people as we find them to a perfectly ideal life just where they are. So we will organize our children and teach them to do in a perfect way the things their fathers and mothers are doing in an imperfect way, in the homes, in the shops and on the farm."
Apparently the education and thought process that seperate the poor and middle classes from the upper class are strictly on a need-to-know basis.
