Stress Led to Domestic Violence . The Boden's seem to be in the Cayman news often. I see you need to get out of Wyoming more often. There are many expats who migrate to various tropical paradises, then end up in a struggle due to poor planning or vices. I suspect this is the case with the "invaders" from up north scrapping out a subsistence living catering to the businesses or the tourists.
Those 65 are meaningless unless they move that wealth into something productive. Entropy rules. Wealth that is unused is like hoarding a lifetime supply of biscuits. By the time you get around to eating them they are inedible. Those few wealthy only have the power to determine how that wealth is spent. Let's take Bill & Melinda Gates as an example. The got wealthy due to his deal with IBM for an operating system. IBM used some of their wealth to take a risk on Personal Computers, a ludicrous concept for a company structured to fill big refrigerated rooms with big iron.
They aren't sitting on it like some crotchety dragon Smaug. And it's not like there is only a finite amount of wealth in the world. When the first human combined a sharp stone with a straight stick into a spear, they turned two random objects into something with more value than the materials or labor used. This is why with more people and more technology we increase productivity and increase the GDP. My complaint is often the frivolous nature by which we squander the wealth we do have.
Don't worry. I will get back to the above later. This is just hard to do on my phone.
P.S. A little more research; Caymans population is 59,967 with about 1200 in poverty is ~2% .
Compared to;
Those 65 are meaningless unless they move that wealth into something productive. Entropy rules. Wealth that is unused is like hoarding a lifetime supply of biscuits. By the time you get around to eating them they are inedible. Those few wealthy only have the power to determine how that wealth is spent. Let's take Bill & Melinda Gates as an example. The got wealthy due to his deal with IBM for an operating system. IBM used some of their wealth to take a risk on Personal Computers, a ludicrous concept for a company structured to fill big refrigerated rooms with big iron.
They aren't sitting on it like some crotchety dragon Smaug. And it's not like there is only a finite amount of wealth in the world. When the first human combined a sharp stone with a straight stick into a spear, they turned two random objects into something with more value than the materials or labor used. This is why with more people and more technology we increase productivity and increase the GDP. My complaint is often the frivolous nature by which we squander the wealth we do have.
Don't worry. I will get back to the above later. This is just hard to do on my phone.
P.S. A little more research; Caymans population is 59,967 with about 1200 in poverty is ~2% .
Compared to;
- ~15% in the US, or
- 7.7% in Switzerland, or
- ~15% in Cuba.