Upstairs - but no Downstairs...

Back in the 1970's, when the rest of us were watching "Upstairs, Downstairs"...

it appears that George W. Bush was only watching "Upstairs,"...

Now George is travelling the country, touting his "ownership society". After a few years of investing in high-class stocks and bonds, he says, we will all be part of the ownership society. We'll have a nest-egg to leave to our children, who will be even richer!
To date, none dare call it what it is - the biggest Ponzi scheme in history. When we sell off our nest-egg for money to buy our food, pay our rent, and, most of all, pay our medicare premiums(!), who is going to redeem our bonds, buy our stocks? Why, our children! How much will they pay for these things? The more you make from your "personal account", the more they will pay to buy from you. Except for the brokers who skim their take from all this activity, who is going to make anything from the whole transaction?

When all is said and done, wealth is still created by work. Work in the classic physical science sense of expenditure of energy over distance, and also in the economic sense of making (or growing, or raising, or providing) something that has value for another. In short - someone has to do the work!
Thus, if there is no ",Downstairs" to perform work for "Upstairs," there won't be any wealth for anyone...

Try telling that to George...
This is in line with the misperception that I see voiced (see ... voiced...? Oh, well...) by some in the news. You know, when they insist that "our schools should teach everyone computer science." Donno about you, but I don't want a computer scientist to repair my car. Or my roof. Or grow my food. And I am a computer scientist!