"The Way to Wealth," by Benjamin Franklin: The tax we impose on ourselves by our pride, Pt. 1Blog added by Jeffrey Reeves on November 1, 2010
Jeffrey Reeves MA

Jeffrey Reeves

Denver, CO

Joined: March 24, 2010

My Company

EUREKONOMICS[tm]

Editor's note: Jeffrey Reeves' introduction provides an overview of this weekly blog series
    "...three times as much by our pride…”
    — Benjamin Franklin in the persona of Father Abraham
When Father Abraham talks about ‘pride’ as a treble-tax, he’s reminding America of one of humanity’s longest standing foibles: keeping up with the Jones’s.

Perhaps it’s just human. It’s been a recognized human frailty since Cain whacked Able.

Spending money that you control in an attempt to appear affluent, sophisticated, educated, informed, well-connected, etc. is nothing more than trading real money for imagined gains that are no more substantial than smoke.

Many Americans believe wrongly that investments — over which they have no control — measure wealth, and possessions that they do not own — bought with borrowed money — measure well-being.

Darn Jones’s. Literally more trouble than they’re worth.

Think about it...
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Blog