NEW YORK (Reuters) – The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
True believers in "equality" (as opposed to the elite who simply use it to perpetuate the necessity of their own existence via government) basically suffer from an extreme case of narcissism. They spend about half their time contemplating how wonderful they are and the other half of their time lamenting the fact that so many lost and desperate souls are not exactly like them.
Seriously, that is the kind of superficial thinking that occurs in many a White American. And when I say superficial I mean it. For to be truly narcissistic is to be lacking in the self-reflective department. For upon honest self-reflection we will each find a multitude of lamentable facts associated with our trek through this world.
In other words, no one has it that good.
Life is one episode of tragic-comedy after another. Death haunts our every step and sorrow lingers ever over our shoulders, ready to spring upon us without a moments notice. Thus it takes an extremely shallow individual, existing only in the here and now of a singular pleasurable moment, to lament the sorry state of any other individual.
It is, I suppose, the difference between empathy and pity.
Empathy and pity are, after all, two different things which manifest in people quite separately in any varying context.
Pity, exercised by those who believe in "equality", demonstrates their obtuseness or outright hypocrisy, as pity requires the vantage point of superiority to be either felt or shown.
Empathy, on the other hand, is the acknowledgment of the precarious position each and every person is in as they go throughout this life.
You can empathize with a homeless man, not because he is homeless, but because he, like you, has problems.
And those who would reply that it is all about "equal" opportunity, I would have to ask, 'equal to what (or rather whom)?'
What is the metric?
Who is the standard against which we measure for equal opportunity?
Does a quadriplegic have an equal opportunity to become a quarterback in the NFL?
Do those who are mentally handicap have an equal opportunity to pilot F-16s?
It is rather obvious that "equality" is a phantom.
This is why those who protest against the "unfair" severe prison sentencing of various minority criminals never, in turn, protest against the "unfair" lack of severe sentencing for mentally impaired criminals.
Funny how that works, isn't it?
Again, "fairness" and "equality" are phantoms in the night. No one truly believes in them save the narcissistic who, ironically, use themselves as the metric against which all others are to have their status judged.
It is that precise mentality though that has led to the mortgage mess and an economic (as well as social) decline in America that will never be reversed.
As for the elite who propagate such policies it is important to remember that their existence as bureaucrats exists on the premise that their paper-pushing abilities are required.
In its essence, a "free-market" government basically goes around digging holes just so it can continue to be employed to fill them back in.