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The Business and Accounting Advisor

Business survivability in this economy is difficult at best. This blog will offer useful business and accounting advise and ideas for ongoing business and competitive advantage.

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Money can prolong life.

February 10th, 2013 at Sun, 10th, 2013 at 5:36 pm by glennsmith

Quite recently my admired colleague Chuck Hardaway, a man deserving respect in the community wrote an interesting article regarding wealth not assuring health.  This last summer I asked him if he would write on something I could write an opposing viewpoint for. The only problem is 99 percent of what he writes I am in solid agreement with. This time, however, he has come through for me Chuck, wealth does too assure health.

In this wonderful article of health Chuck argued, “the latest comprehensive study puts us last in health compared to other prosperous nations.” This may be true but here is the catch Chuck. Those individuals with money can afford to travel to other parts of the world to seek better health treatment than those of us without. Not too long ago I knew a man who traveled once per year, more often when necessary, for medical checkups in other nations. Do we really think someone without the wealth to conduct such activities have a truly fair medical system in this country?

Again, in the next paragraph, Chuck argued, “our nation’s health disadvantages don’t apply just to our minorities.” The counter argument to this of course is seen in the General Social Survey of the United States which directly proves in both the 2008 and 2010 study minorities have a greater difficulty finding and achieving the same work and pay advantages as white males and females. Many authors addressed this situation in peer reviewed research articles demonstrating the proof that both women and racial minorities are less likely to be promoted than white males counterparts (Carnes & Radojevich-Kelley, 2011; Pendakur, Pendakur, & Woodcock, 2008; Yap & Konrad, 2009).

Chuck did state one thing we do agree on. Our nation’s health disadvantages are not a product of a single political party but the nature of the way we as American’s choose to live. Perhaps it is in part the adventure we have chosen. Perhaps it is the high life society Americans choose to partake in. We have an individual freedom in the United States that does not exist in most parts of the world. This is both good and bad because we use it to bring freedom to other parts of the world but we also use it to further greed in what we can have ourselves, over what we share with other individuals around us. The United States is one of the greatest nations for economic fruition of other nations but we have stopped taking care of our own people. We are selfish when it comes to our own people. Perhaps our giving financial supports to enemies such as those that turn terrorist activities toward our own nation could stop in favor of bringing comprehensive health reform to the country we actually live within.

Wealth may not assure health but it can assure a better opportunity to afford health care. Money can bring an individual to places where better doctor exist. Does anyone really believe that if a man with unlimited wealth and a poor man both need a heart transplant the poor one will have the same chance for an operation?

In the end, Mr. Hardaway and I agree it will be interesting to see if and when our country wakes up and starts supporting its own people. While we in the United States have one of the richest economies, if not the richest, we have an obscenely high poverty rate. As Chuck stated, “emotional greed, special interests, and politics must sit in the dugout” if we intend to win the international game. Make no mistake; this is a commodities and wealth war. We are engaged in a competitive struggle with international players in ways we have never seen in any other time throughout history. We must win and we must change how we play if we hope to succeed and not end up the next, soon to be, Greece.


Carnes, W. J., & Radojevich-Kelley, N. (2011). THE EFFECTS OF THE GLASS CEILING ON WOMEN IN THE WORKFORCE: WHERE ARE THEY AND WHERE ARE THEY GOING? [Article]. Review of Management Innovation & Creativity, 4(10), 70-79.

Pendakur, K., Pendakur, R., & Woodcock, S. D. (2008). A Representation Index: Measuring the Representation of Minorities in the Income Distribution. [Article]. B.E. Journal of Economic Analysis & Policy: Advances in Economic Analysis & Policy, 8(1), 1-19.

Yap, M., & Konrad, A. M. (2009). Gender and Racial Differentials in Promotions: Is There a Sticky Floor, a Mid-Level Bottleneck, or a Glass Ceiling? [Article]. Diferenciales de género y de raza en las promociones: ¿existe un piso pegajoso, un cuello de botella de nivel medio o un techo de vidrio?, 64(4), 593-619.


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