Wall Street is Still Going

I have truly determined, the one way to deal with the excessive wealth of the One Percent, is to quit looking for a common ground or fair shake from them.  I am saddened by the envious hope of the 98%.  Sharing the wealth simply isn't going to happen.  It isn't just on Wall Street or Washington, although they will definitely continue to help each other feather their nests, the problem is really much closer to home.  It doesn't matter how much or how little one acquires and amasses, they want to invest in their own best interests and in those who share them.

We've all realized just how much, money really does control others and the world around us, so like it or not, rich or poor, the ones with the most money make the rules.

The hatred for probate laws has caused a public transition from Wills to Trusts.  I remember in the funeral industry, trying to keep up with probate laws and enjoyed some interesting continuing education, but that's been 20 years ago, now, and folks still haven't figured out how to take it with them, so controlling the purse strings from the nursing home and beyond the grave is the best they can do.  As the older middle generation in a six generation family, I've learned quite a bit by listening.

I've listened to the expenses of the oldest generation as she lives out her final years in a nursing home, private room, no less.  It's funny how everyone refers to "her money to spend how she wants to."  Well, it is her money now, but for the most part it was other people who left her theirs, not to mention the younger generations are paying pretty hefty tax withholding for her health care and some of the other residents' accommodations.  Then there's the attorney who keeps track of this.  See how the big money just keeps changing hands at the top?

My other grandma, now deceased, made different decisions.  When my Grandpa died, she made her kids co-owners of her assets.  She raised kids who she obviously trusted, and when her numbered days ended, the "stuff" was efficiently and fairly dealt with, without great expense or payment to attorneys of the One Percent.

I am aware of three situations in which big money goes out annually to the Administrator of Trusts, because apparently these people didn't raise children they can trust.   I was shocked when I discovered the annual fee people pay to have these trusts maintained.  Of course, these people are not poor, but it's clearly another example of the big money staying in the upper tier of our economic strata.

For everyone in the 98%, I invite you to the Other 1 Percent, because The One Percent is going to just keep passing their money around to each other!