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Old 02-28-2009, 04:22 PM
 
Location: The Shires
2,266 posts, read 2,293,489 times
Reputation: 1050

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Quote:
Originally Posted by rkb0305 View Post
I don't think you can generalize about "rich" people any more than you can say poor people are lazy. Some rich probably work very hard. Some don't. Some poor work very hard, too. Some don't.
Well said!

Some rich people work hard, while others don't (the same applies to poor people). Some people are born with advantages from the word go, whether it be inherited wealth. good looks or just plain luck.....others are born with the **** stick stuck up their ass from the word go.

"People are people"
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Old 02-28-2009, 04:26 PM
 
Location: Brooklyn
40,050 posts, read 34,600,599 times
Reputation: 10616
Why do people take so much time obsessing over the rich? They obviously spend a lot less time obsessing about everyone else.
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Old 02-28-2009, 04:31 PM
 
Location: Pa
20,300 posts, read 22,219,329 times
Reputation: 6553
Quote:
Originally Posted by BCreass View Post
Well said!

Some rich people work hard, while others don't (the same applies to poor people). Some people are born with advantages from the word go, whether it be inherited wealth. good looks or just plain luck.....others are born with the **** stick stuck up their ass from the word go.

"People are people"
Luck. Luck is a word losers use to describe why winners win. Or so my Karate coach used to drill into us. I am 46 and in my experience we tend to create our own luck good or bad. But like English grammar to every rule there is an exception.
How much does society owe those who just can't seem to find a way to make it on their own?
My daughter is Autistic. Severe autistic.. We get very little assistance from the state. Why? Because the assistance they offer is next to worthless. I instead consume all the material I can on the topic find my own theropists who actually have a clue. That said those who are disabled deserve our compassion and help. Does this make sense?
I want to help single parents. remember many moms desert their kids too. My daughters mom for example.
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Old 02-28-2009, 04:33 PM
 
Location: Santa Monica
4,714 posts, read 8,460,936 times
Reputation: 1052
Most of the highly paid CEOs are definitely not worth the money. You can test this hypothesis by looking at what happens to the company when the CEO must take a leave due to an illness. You can also test this by looking at the historic profitability of firms in the same industry or related industries. In a lot of cases, the company's performance is mostly a function of the economics of the business and its environment, and the efforts of a given CEO aren't actually making that much difference in the company's profitability.

A large corporation should have in place a "deep bench" of management talent and a well defined succession policy for top management. A company whose CEO follows a "cowboy" mentality or operates mostly as a "deal maker" is just one or two CEO "judgement calls" away from oblivion.
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Old 02-28-2009, 04:58 PM
 
29,939 posts, read 39,461,121 times
Reputation: 4799
Quote:
Originally Posted by Fred314X View Post
Why do people take so much time obsessing over the rich? They obviously spend a lot less time obsessing about everyone else.
They need someone to blame for their complacency.
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Old 02-28-2009, 04:59 PM
 
29,939 posts, read 39,461,121 times
Reputation: 4799
Quote:
Originally Posted by ParkTwain View Post
Most of the highly paid CEOs are definitely not worth the money. You can test this hypothesis by looking at what happens to the company when the CEO must take a leave due to an illness. You can also test this by looking at the historic profitability of firms in the same industry or related industries. In a lot of cases, the company's performance is mostly a function of the economics of the business and its environment, and the efforts of a given CEO aren't actually making that much difference in the company's profitability.

A large corporation should have in place a "deep bench" of management talent and a well defined succession policy for top management. A company whose CEO follows a "cowboy" mentality or operates mostly as a "deal maker" is just one or two CEO "judgement calls" away from oblivion.
So what % of those 500 do you need to attack? How many of those 500 do you think would be able to provide for 300 million others?

If each of those 500 people made 300 million each. ALL their money split between the nation each could enjoy your $500 bucks... Kill Richie Rich! Then what? Where will your next $500 come from?


Before the Great Crash of 2008: http://www.forbes.com/lists/2007/12/lead_07ceos_CEO-Compensation_CompTotDisp_6.html

And of course they don't all make $300 million. You guys are chasing after witches with your pitch forks and torches. And we are suppose to be past that way of thinking...
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Old 02-28-2009, 05:08 PM
 
Location: On the Chesapeake
45,378 posts, read 60,561,367 times
Reputation: 60995
This whole thread is just class envy and jealousy. What some folks don't understand, seemingly, is that money, any money, that is invested is then recycled through the economy as loans, or stock that pension funds buy, or municipal bonds that get roads and sewers built. And that money doesn't care where it comes from-the guy that throws $20 a week into a savings account or the "inherited wealth" blue hair that just bought $500K of municipal bonds for that sewer system.
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Old 02-28-2009, 05:18 PM
 
Location: NE Ohio
30,419 posts, read 20,304,341 times
Reputation: 8958
Quote:
Originally Posted by saganista View Post
Once again, this is completely wrong. CRA had nothing whatsoever to do with the credit crisis, and the role of the GSE's was tiny and insignificant. You need to study something other than nodes on the right-wing disinformation network. Abandoning those entirely would be a good idea, in fact...
I don't study the "nodes" on the "rightwing disinformation network (whatever that is). I read about the CRA via Google search, listenened to some actual recorded video of our Congress in action, and several other sources that explained exactly how the CRA and Fannie Mae worked together (the bad loans were bundled and sold to Fannie Mae, who in turn sold them to investors as "mortgage backed securities". These facts are not in question by anyone (except you, perhaps), and are indisputable.

When private banks are forced to abandon sound judgement and take huge risks, the result is predictable. The party is over, and the Democrats are the ones that threw the party.
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Old 02-28-2009, 06:07 PM
 
Location: Fort Worth
358 posts, read 472,320 times
Reputation: 162
Quote:
Originally Posted by tinman01 View Post
Luck. Luck is a word losers use to describe why winners win. Or so my Karate coach used to drill into us. I am 46 and in my experience we tend to create our own luck good or bad. But like English grammar to every rule there is an exception.
How much does society owe those who just can't seem to find a way to make it on their own?
My daughter is Autistic. Severe autistic.. We get very little assistance from the state. Why? Because the assistance they offer is next to worthless. I instead consume all the material I can on the topic find my own theropists who actually have a clue. That said those who are disabled deserve our compassion and help. Does this make sense?
I want to help single parents. remember many moms desert their kids too. My daughters mom for example.
I am sorry for your challenge, but you are not in Texas, districts have very deep pockets in dealing with challenged kids here. The help here is far from usless.
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