Sunday, January 29, 2012

Is There Ever A Point Where One Can Have Too Much Money?

Everyone, at some time or other, has wished they had more money than they actually do. Many people have little or no money from a job or business and depend on public assistance.  There are many people who are living from paycheck to paycheck, who naturally wish they had more money to spend for their daily living expenses, health care or education. There are many of us who just wish they had a little more money to spend on that dream vacation, dream house or some kind of special toy. Then there are those who are literally drowning in money. Mitt Romney comes to mind.

I am retired now and I live on a relatively fixed income of social security and a pension. I often wish I had more money to spend on a bigger house or more lavish lifestyle, but I am 100% sure that what I have is what I have, for ever. Unless, of course, this and my other blogs start to make a hell of a lot of money, rather than the meager dollar a month average. So instead of me dreaming about becoming rich  I watch the candidates for the GOP presidential nomination attack each other, with Romney taking most of the attacks. Since I have lived in Massachusetts I knew Mitt Was rich, but I really didn't give it much thought, until a couple of days ago.

When Romney revealed what he paid in income taxes I was a bit surprised. On one site I read that if you take the net worth of all of the presidents from Nixon to Obama and then double that, you are approaching what Romney is worth.  Another site I read allowed the user to figure out how long Romney would have to work to equal their own salary. He would have to work almost 12 hours for him to make what I receive in 1 year. On the other hand I would have to work 731 years to equal Mitt's salary. Maybe I'll just try to stay alive for only another 600 years! Romney's net worth is estimated to be about $200 million. A tad more than mine.

I was trying to think what I would do with $200 million. I really had a difficult time coming up with ideas on what I could do with the extra money.  After getting a bigger, nicer house, giving money to family, donating to charity and buying some tech toys I would still have a lot of money left. I can't imagine what Mitt uses all of that money for. Sure he has 3 big houses, but I am sure they are paid for. Taxes are a concern, but apparently he pays less in income taxes than the average American. He gives to charity, mainly to his church, but this is also tax deductible.

Now he is running for president. He certainly doesn't need that meager income, so it must be just a power trip. One thing is for sure. If he does become president, he will leave office even rich than when he entered. So why do he and other millionaires and billionaires need so much money? I guess the answer to that question will never be known. Most of us, I am sure will never have the chance to find out for ourselves what it feels like to be filthy rich. So I guess we just have to be happy and enjoy life with what we've got.

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Ablog about liberal politics andsocial issues