There’s a video over on VentureBeat that I stumbled across this weekend (thanks to Flipboard, which I love). It’s titled How I explained Occupy Wall Street to my kids with Hershey’s Kisses.
I’m rather disappointed in this video “explanation” of OWS – for multiple reasons.
One reason is that the Kisses (representing a percentage of “total” money) is being handed-out. Do we want our kids to think that money is just handed out? This guy doesn’t mention that the money and wealth is earned. No, it’s handed-out mysteriously and, he implies, unfairly. Sure, if money was just handed out (by the government?) to everyone and I got substantially less than other people, I might also find that unfair. That isn’t reality though.
Another reason is that there is a finite number of Kisses in the bag. He hands out the Kisses to everyone and That’s It! It’s all gone! In fact, he miscounts at one point so someone gets short-changed. Sorry! No more Kisses, so you don’t get any! Is that accurate? Of course not. If there was a finite amount of money-flow and wealth then our GDP and country’s total combined earned incomes would be the same that it was thousands of years ago. No, it isn’t fixed. Wealth is created. Value is added to products and services, and the economy (including money supply and wealth) are expanded.
Do we want our kids thinking that money is just handed out (unfairly) to people? Do we want them to think that the total amount is fixed – so if Person #1 has a billion dollars (think Bill Gates) then a billion other people are all one dollar short each? Please don’t confuse our youth with that nonsense. There are already enough confused adults.
BTW: Some of the OWS protesters – ones who’ve taken the time to think about and understand the issues – have reasonable and justified complaints. If you want to explain OWS to someone, how about learning what those things are and making a proper explanation.