The Value of Labor and Money
- May 30th, 2010
- By Editor
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A young couple gets a gift certificate from a friend to celebrate their wedding anniversary. The couple goes out to dinner and orders the most expensive item on the menu – which is something that they usually would not do because their budget is sort of tight. But hey, they figure that this is sort of a “free” dinner so why not live it up?
A little boy receives a hand-me-down bicycle from an older cousin who had outgrown it. The boy likes the bicycle but doesn’t take good care of it. He leaves it out in the rain and in the yard, not caring really too much about what happens to it because he didn’t have to pay for it anyway. His parents feel the same way.
A man loses his job and cannot support his family. He luckily finds a Big Government program that will put him up for free in a house that he can live in with his family. The house is not exactly his dream house but the price was right – for him. Because it is not his, he does not take care of it. There are weeds overtaking the front lawn, his kids have written graffiti on the walls and garbage is accumulating everywhere. Since he has no stake in this “temporary” housing, he sees no need to take care of it. He complains that he is forced to live in such squalor. He wants to know why some people get to have such nice houses.
A spoiled kid gets a housewarming gift from his parents when he is finally able to buy a house of his own- only his parents also gave him the money for the down payment on the house too, otherwise he would not have been able to afford it in these “difficult and unfair economic times.” He soon grows weary of this house and wants something better and he abandons the old house alng with the housewarming gift since he had no concept in what it cost in terms of man-hours. Maybe his parents can spot him some more cash too while he is still “getting on his feet”. After all, this is America!
A man buys a half a million dollar house with only 1% down. This 1% down program is concocted under pressure on the bank from Barney Frank and Congress to allow more people to buy and own their own home. It was deemed “unfair” that some people couldn’t amass the usual 20% down payment. After all, owning your own home is the “Amerian Dream” he is told. He has every right to own a house just like everybody else! So his $500,000 house he just bought cost him $5,000, which he got from a loan from somebody else who understands how downtrodden people are nowadays. So in actuality, the house has cost him nothing. After a few months of not being able to afford his mortgage payment, he seeks more Big Government help because this is all racist! Evil predatory lenders tried to trick him! He then learns that the value of his home has since fallen to $400,000 due to the slow market and George Bush. Because he has none of his money from any of his labor tied up in the house, he simply walk away from it. That’s right, one day – he just leaves, letting the bank and “somebody else” deal with the unfairness of it all.
It has been my experience that those who receive something for nothing fail to realize just how much of somebody else’s work was needed to provide this “free” gift. I find that because of this, they tend to not take care of it as much as they would have if they bought it with their own money that they worked so hard for. For me, doing without has been the biggest incentive to work harder and save part of my earnings each week until I could finally afford to pay my own way. I still look back fondly at the day that, through hard work, priorities, discipline, depriving myself of certain luxuries for years, and perhaps even some good luck – I was finally able to buy my own house with a mortgage payment that I calculated that I could afford. It isn’t, I suppose, my “dream home” but what makes it a dream come true is that I did it all on my own. This is why I resent it when those who are less disciplined look to Big Government to force me to pay more and more so that they too can have what I have earned due to what they see as “fairness”. Even if it turns out that I be forced to help buy a home for other people, my fear is that they will not appreciate it and not take care of it since they will likely not realize how much work it really is to pay your own way.
Some will call me “greedy” because I want to keep what I have earned. Some will call me “evil” because I think that you should buy your own home. All I can say is that I encourage everybody to try to achieve that wonderful satisfaction of finally buying your very own place with nothing more than the money that you have earned through hard work, discipline and delayed gratification. It is a real accomplishment.