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Risk is starting a business...not whining about how no one will give you a job. Risk involves all your assets, including your health. Won't get rich sleeping 8 hours a night or working only 5 days a week.
I think most people want a middle class existence for 40 hours or so of work. That is hardly a layabout mentality. There are many useful activities in society besides commerce and speculation that warrant a decent wage.
what you want to pay middle class wages for people that sweep floor and flip burgers. People need to bring a skill set that someone else wants to pay for.
So you're telling us that the significant growth in wealth inequality over the last few decades is just because top few percent of rich are taking more / bigger risks than they used to - and perhaps the rest of society are taking fewer risks than they used to? That's a pretty woeful analysis you have there...
It was one story out of millions.
When you rise to the wealth level where you can afford to buy rare art, pro teams and entertainment companies, your risk is high as well as your reward.
Also, think of how many recording artists, pro athletes and other entertainers have received huge pay days due to their value on the world wide market. These people are also included in the "275% of wealth increase" seen over the last three decades.
Entertainers, athletes, sports franchise owners and recording artists were not earning 100's of millions of dollars thirty years ago.
In fact, Michael Jordan, Tiger Woods and Beckham are the only athletes to ever earn over a Billion dollars over their careers in salary and endorsements.
What about Oprah Winfrey? She's also a Billionaire.
All of the above people are included when people complain about the wealth of the 1%.
what you want to pay middle class wages for people that sweep floor and flip burgers. People need to bring a skill set that someone else wants to pay for.
Thats the way it works
Fair enough. Of course, supply and demand should operate. But labor needs to be paid a living wage, or we have no long-term consumers. The current model is to not pay a living wage, and to get folks addicted to cheap credit and Wal-Mart instead. We are seeing the consequence of that mentality in the current economy. We are in the tank because the American consumer is tapped out. And most Americans are not going to be starting their own businesses anytime soon, unless you want to count meth cookers, pimps, and crack hos to the list of those who profit by the wonderful advantages of "risk." Most people don't have the capital, creativity, and competence to run their own businesses, but they need to eat nonetheless.
Even if what you say is all there is to it, isn't taking a postion overseas considered somewhat of a risk?
Go to the employment forum ( or even stay in this one) and read how many won't even take a job that's more than 10 minutes from the bus line and get horrified if it's suggested to move to a different city or state.
How true.
People make all sorts of excuses as to why they cannot compete or succeed.
At the time, people were saying that he got screwed.
The Eagles franchise is now valued at $900 MILLION dollars....a pretty good return I would say. (not to mention the income that he receives annually from the team)
These risks are what increased the wealth of the top 1%
There are winners and there are losers.
Life is tough, wear a helmet!
I never use this smiley, but now is the time......................
At the time, people were saying that he got screwed.
The Eagles franchise is now valued at $900 MILLION dollars....a pretty good return I would say. (not to mention the income that he receives annually from the team)
These risks are what increased the wealth of the top 1%
There are winners and there are losers.
Life is tough, wear a helmet!
That is a concept that many people do not see or want to accept. Risk in many professions tends to pay more. Take care.
They are the exceptions that prove the rule. For example, Donald Trump. There is a joke about him that contains not just a kernel of truth, but is factually completely correct:
Q: How did Donald Trump make a small fortune?
A: By inheriting a large one.
It's actually the opposite....
But how many "Donald Trumps" are there? Many people would sit back and chill.
The man is a marketing genius and has much more wealth than he inherited.
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Takes money and experience to make money
