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Why do people take so much time obsessing over the rich? They obviously spend a lot less time obsessing about everyone else.
I'm not sure who "they" are that you are referring to in your second sentence. Is "they" the rich people? Or is "they" the people who are obsessing over the rich?
I'm curious to know - do you think wealthy people should have an obsession about their lower class counterparts? If so, why?
Does anyone else find it offensive when people talk about not wanting to raise taxes on the rich (I'll use 1 million+ per year for my definitiion of rich) because it's "taking away their hard earned money"?
The very rich do not earn their money in the same sense that average americans do. You all should know this by now! The very rich need only leverage their capital in the correct ways to increase their wealth, no true work is required.
The average person doesn't get paid if they aren't producing goods or performing services. They are the backbone of the economy, the creators of all the wealth. The rich have nothing without them.
It's offensive to the people who do the real work in this country, the teachers, drywall hangers, doctors, concrete pourers, road maintenance crews, computer programmers, bus drivers, loggers, carpet installers, anything you see on Dirty Jobs, etc. etc. etc. to compare the money they give their all for- to money made by simply leveraging capital, no work required!
It's also offensive to imply that a CEO's time is worth 400 times more than the average worker.
The way to get rich in this country is to start your own business. It's next to impossible to get truly rich through your labor alone. If you're a janitor, cleaning office buildings by yourself will only get you so far, one person can only do so much. The way to get rich is to start getting others to work for you! Pay them a wage and profit off every building they clean. Expand. Eventually, you will get to the point where you have 10 janitors working for you, and you will no longer have to do any cleaning yourself! Manage and grow the business for a few years, and then sell to a competitor for a nice cash out. You are now rich. If you are smart, you are now aggressively investing. Buy an office building to lease out (you don't have to deal with it, just hire a management company to handle the details). Give control of your money to the right people, and it will now grow on it's own. You've reached critical mass. Congratulations, you worked hard and smart and played the game well. and you've earned a nice big house and the car you've always wanted. Enjoy your life of leisure, we might be a little jealous, but we're not mad at ya.
Becoming rich is fine, but once you make it please remember that there are others working much harder than you are, for much less money, and it would only be fair for you to pay your fair share of taxes on the money that is now funneling into your bank account like magic. Especially considering the only reason your CarpetWorld inc. stock has money to pay you dividends is because Jim the carpet installer (making 35k) just finished on a 4 bedroom. You've earned your slice of the pie, but please don't get greedy and try to eat the whole thing, the little guy deserves more than crumbs.
Does anyone not agree that there is a distinction between hard earned money and capital gains?
We know that Dubya didn't. Quite the contrary in his case. He drove a few businesses into the ground before he graduated to driving the whole country into the ground.
yes they do, but here is the strange part
as you go up in the career ladder what is expected of you goes down. bizarre.
My first job as an engineer I had to take a drug and alcohol test,
I've gone up the ladder some, and today I can walk to my boss' office and grab a beer from his refrigerator and take it to my desk.
I'm curious to know - do you think wealthy people should have an obsession about their lower class counterparts? If so, why?
No, I don't...just as I don't think anyone who isn't rich shouldn't have an obsession with the rich. What possible difference could it make in your life?
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.
Your "facts" are a fraud. You simply aren't sophisticated enough to realize that you've been scammed. CRA loans were issued between 1993 and 2000. As a group, they have performed better than industry averages. The loans that failed and triggered the credit crunch were primarily high-cost, back-loaded contracts written between 2002 and 2006 by private brokers and other unregulated elements on behalf of the Wall Street investment banks who needed those originations as feed for their MBS and derivative slice-and-dice machines.
Location: Somewhere gray and damp, close to the West Coast
20,955 posts, read 5,548,997 times
Reputation: 8559
Quote:
Originally Posted by Drover
That's a lot of verbiage to express one of the basest human emotions: petty jealousy.
I've seen what it takes to get rich. It doesn't happen by accident. It does take some luck but it also takes risk, planning, preparation, hard work and sacrifice. Not willing to all those things? Then I guess you get to hang drywall for a living while imagining you actually work harder than the people who hired you to hang the drywall.
I want to ask you guys/gals to look at something. Responses not needed but welcome. Think about what is going on in America today with the wealthy being looked at with saliva. Imagine what those same ideals mean for America.... on a world wide scale....
While we fight amongst ourselves over more socialist ideas. The world is looking at us with Lenin goggles..
The capitalists will sell us the rope with which we will hang them
Despite the luxuries that capitalism has provided to the world.
While wealthy people are much more likely to have experienced life at the lower end of the scale and at the stages on the way up, most on the lower end have never experienced what it takes to get and stay there.
Therefore, most of these complaints against the 'rich' are not based on actual knowledge, just resentment.
Does anyone else find it offensive when people talk about not wanting to raise taxes on the rich (I'll use 1 million+ per year for my definitiion of rich) because it's "taking away their hard earned money"?
The very rich do not earn their money in the same sense that average americans do. You all should know this by now! The very rich need only leverage their capital in the correct ways to increase their wealth, no true work is required.
The average person doesn't get paid if they aren't producing goods or performing services. They are the backbone of the economy, the creators of all the wealth. The rich have nothing without them.
It's offensive to the people who do the real work in this country, the teachers, drywall hangers, doctors, concrete pourers, road maintenance crews, computer programmers, bus drivers, loggers, carpet installers, anything you see on Dirty Jobs, etc. etc. etc. to compare the money they give their all for- to money made by simply leveraging capital, no work required!
It's also offensive to imply that a CEO's time is worth 400 times more than the average worker.
The way to get rich in this country is to start your own business. It's next to impossible to get truly rich through your labor alone. If you're a janitor, cleaning office buildings by yourself will only get you so far, one person can only do so much. The way to get rich is to start getting others to work for you! Pay them a wage and profit off every building they clean. Expand. Eventually, you will get to the point where you have 10 janitors working for you, and you will no longer have to do any cleaning yourself! Manage and grow the business for a few years, and then sell to a competitor for a nice cash out. You are now rich. If you are smart, you are now aggressively investing. Buy an office building to lease out (you don't have to deal with it, just hire a management company to handle the details). Give control of your money to the right people, and it will now grow on it's own. You've reached critical mass. Congratulations, you worked hard and smart and played the game well. and you've earned a nice big house and the car you've always wanted. Enjoy your life of leisure, we might be a little jealous, but we're not mad at ya.
Becoming rich is fine, but once you make it please remember that there are others working much harder than you are, for much less money, and it would only be fair for you to pay your fair share of taxes on the money that is now funneling into your bank account like magic. Especially considering the only reason your CarpetWorld inc. stock has money to pay you dividends is because Jim the carpet installer (making 35k) just finished on a 4 bedroom. You've earned your slice of the pie, but please don't get greedy and try to eat the whole thing, the little guy deserves more than crumbs.
Does anyone not agree that there is a distinction between hard earned money and capital gains?
shwo me 1 worker outside the military that works for a living and you might have a point.
too bad that goverment cannot and shall never be able to produce anything of worth, except a national defense.
shwo me 1 worker outside the military that works for a living and you might have a point.
Even though I don't agree with his post, I'm going to bet if that's the only thing he needs to do to prove his point to you, then he has a slamdunk
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