U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 08-20-2013, 10:01 AM
 
Location: The Mid South
304 posts, read 445,974 times
Reputation: 236

Advertisements

Just wondering if the one per-centers have anyway to make money other than from the labor of the working class?
Rate this post positively Quick reply to this message

 
Old 08-20-2013, 10:09 AM
 
Location: USA
7,776 posts, read 11,706,138 times
Reputation: 11797
What?
Rate this post positively Quick reply to this message
 
Old 08-20-2013, 10:13 AM
 
2,675 posts, read 2,244,103 times
Reputation: 3851
Its called investing. Most of the one per-centers make their money with capitol gains income
Rate this post positively Quick reply to this message
 
Old 08-20-2013, 10:17 AM
 
Location: Living on the Coast in Oxnard CA
16,290 posts, read 30,532,995 times
Reputation: 21858
A big part of the 1% earn their money from ideas. A lot of those ideas provide work for those that have no idea. Take even WalMart. That first store was an idea that grew into a lot of stores and a lot of jobs. Microsoft was an idea that grew into an industry that changed the world. I bet that you use plenty of ideas in your life that helped plenty of people make a good income so that they could support their families. And yes the owners of those ideas made a lot of money from the idea. Why is that a bad thing? Plenty of other ideas to go around. The world is not done supporting sound ideas that make a few money and provide a means to support the lifestyle of the many.
Rate this post positively Quick reply to this message
 
Old 08-20-2013, 11:00 AM
jw2
 
2,028 posts, read 3,070,292 times
Reputation: 3384
Quote:
Originally Posted by Fortoggie View Post
Just wondering if the one per-centers have anyway(sic) to make money other than from the labor of the working class?
You mean, provide them jobs?

I made my money with stocks and real estate. Sure, I hired people, tradesmen, property managers, lawyers, accountants, and had used the services of stocks brokers and real estate brokers. Am I the bad guy? Or are you insinuating I couldn't have done it without their help?

Every time I traded a stock, there was someone else on the other side of that trade. If it worked out favorable for me, did I cheat the other side? On my losses, I never felt that I was cheated.

I worked many years as a computer programmer. I never felt that I was being exploited by someone wishing to get rich off my labor. I loved having a job. I provided a service in exchange for cash. I freely entered into this agreement and it likely worked out better for both sides. By the way, I didn't attend college and no one inspired me.

Every time I hire someone, it is to do a specific task. I don't hold a gun to their head but they all seem eager to trade their services for my money. Next time, I will ask them if they feel exploited.

Do something constructive with your life rather than regurgitate Elizabeth Warren's diatribe.

Gotta run, my gardeners are here, I have to tell them to get the **** out of here lest it be thought I am taking advantage of their labor

Last edited by jw2; 08-20-2013 at 11:10 AM..
Rate this post positively Quick reply to this message
 
Old 08-21-2013, 03:54 PM
 
17,480 posts, read 23,622,386 times
Reputation: 19246
jw2, so why do you sound like as if you DO feel uneasy, not quite at peace with the way you made money? As your response sounds like you have a little worm eating you from the inside, little voice of conscience, then covered with rhetoric.

Microsoft "idea"? They took from many, and re-sold THEIR ideas. They did very little, outside of putting other's ideas together and "selling" them.
Rate this post positively Quick reply to this message
 
Old 08-21-2013, 08:51 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
39,431 posts, read 70,729,637 times
Reputation: 47846
Taking an idea from someone else and making it better, and marketing it better is another way to make money. In this case, 99,000 people worldwide are making a decent living thanks to that, nearly 60,000 here in the US.
Rate this post positively Quick reply to this message
 
Old 08-21-2013, 10:12 PM
 
Location: North of Canada, but not the Arctic
17,798 posts, read 16,021,811 times
Reputation: 21333
Sports, acting, music, television host, winning the lottery, book writing, inventing, investing, self-employment, politics, etc.

I can think of a lot of ways.
Rate this post positively Quick reply to this message
 
Old 08-22-2013, 10:20 AM
 
Location: Living on the Coast in Oxnard CA
16,290 posts, read 30,532,995 times
Reputation: 21858
Ways to make money from an idea:

I have an idea that will work. I take that idea to those with money and say what do you think of this idea? Here is my business plan, what do you think? If those with money like the idea they invest in it. The idea person had money and the potential, only the potential for making money. If the idea was well executed then that person makes money and:

The investor (s) make money as well. They were the people that got the idea off the ground by putting their own money into play. This is money that they could of lost if the idea turned sour. But for this exercise lets say that the idea was a great one and they hit a home run with the investment. Lucky for them. Why should they not be compensated.

The business investment will allow for the need to hire staff. These people will give of their time to get the idea off the ground. Many of them because this is a start up may be offered equity in the company or the option to buy said equity at a great price. If things work well they will not only have a job but a position in the company.

As the business grows others will be hired that may not be offered equity but will have a job within the organization making money in the form of income.

That is the way I see any great idea that works out. Each step of the way individuals are compensated for the part that they play. Some will make a lot and many will make some. Still everyone wins. For those that are employees and would like a better pay out, well the world can always use new well executed ideas to start this process over again.
Rate this post positively Quick reply to this message
 
Old 08-22-2013, 10:37 AM
 
Location: Earth Wanderer, longing for the stars.
12,408 posts, read 18,179,543 times
Reputation: 8884
Quote:
Originally Posted by jw2 View Post
You mean, provide them jobs?

I made my money with stocks and real estate. Sure, I hired people, tradesmen, property managers, lawyers, accountants, and had used the services of stocks brokers and real estate brokers. Am I the bad guy? Or are you insinuating I couldn't have done it without their help?

Every time I traded a stock, there was someone else on the other side of that trade. If it worked out favorable for me, did I cheat the other side? On my losses, I never felt that I was cheated.

I worked many years as a computer programmer. I never felt that I was being exploited by someone wishing to get rich off my labor. I loved having a job. I provided a service in exchange for cash. I freely entered into this agreement and it likely worked out better for both sides. By the way, I didn't attend college and no one inspired me.

Every time I hire someone, it is to do a specific task. I don't hold a gun to their head but they all seem eager to trade their services for my money. Next time, I will ask them if they feel exploited.

Do something constructive with your life rather than regurgitate Elizabeth Warren's diatribe.

Gotta run, my gardeners are here, I have to tell them to get the **** out of here lest it be thought I am taking advantage of their labor
You had me agreeing with you wholeheartedly until you brought Ms.Warren into the fray. I agree with her assessment of the big recession that we went through, the changes made in legislation from business pressures that set the stage for the fall - and the lack of accountability of many of those who instigated it.

Our markets do require some regulation. A totally free market gives very little opportunity to grow a strong middle class. The rich will often get richer and the middle class becomes poorer. I feel that a strong middle class and mobility between the classes is best, even necessary for a democracy.
Rate this post positively Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top