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SHOULD HAVE BEEN MORE. American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers.
Wealth of U.S. millionaires down 30 percent: survey - Yahoo! News (http://news.yahoo.com/s/nm/20090106/us_nm/us_financial_usa_wealth - broken link)
From my understanding the majority of US Millionaires' portfolios are not in volatile assets.
I once had a collection of apartment buildings. I sold all but one of them to use the cash to buy a farm debt-free. Now I was no 'millionaire', however if I still held those properties, they would still today be giving my profits and this stock market drop would have had no effect.
As it stands, the market correction has not effected my portfolio anyway.
Perhaps when you get older and gain some maturity and IF you are successful in your career and have made a good life for yourself and your family, you will have a different opinion.
That little green monster called JEALOUSY has reared his ugly head.
But the little grown monster called IGNORANCE made his appearance too. So if all these "evil rich people" are losing all this money, do you think they are NOT going to be closing businesses and laying off employees?
Maybe you'll get your "should have been more" wish - and maybe it'll result in you losing your job. Then we can all celebrate together, right?
Hah! The rich are in no position to be bringing up class warfare. They and their minions have been engaged in it for 30 years and more. Income redistribution UP the scale. That's the right-wing mantra. Screw the poor. Screw the middle class. Screw the upper-middle class. Take, take, take...because we can!
Perhaps when you get older and gain some maturity and IF you are successful in your career and have made a good life for yourself and your family, you will have a different opinion.
Class envy/warfare.
Agree completely.
Most hardworking professionals (not the "ultra rich") invest in the stock market and their homes. Assuming they were indexed to the S&P500, they probably lost over 40% of their retirement savings in about a year, and that is tragic by any standards. If they lived in states like CA/FL, their home values also dropped. A lot of middle class has been impacted by this crisis and just hoping people should have lost more money is plain dumb and stupid. It is class warfare. BTW, if the well off are in trouble, some of the poorer haters of the "rich" will be in even more trouble - they will be in the streets and on welfare.
We are all in the same boat - we better hope the economy works for all of us.
Hah! The rich are in no position to be bringing up class warfare. They and their minions have been engaged in it for 30 years and more. Income redistribution UP the scale. That's the right-wing mantra. Screw the poor. Screw the middle class. Screw the upper-middle class. Take, take, take...because we can!
And SCREW THE PEOPLE WHO HIRED YOU AND SIGN YOUR PAYCHECK!
SHOULD HAVE BEEN MORE. American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers.
Wealth of U.S. millionaires down 30 percent: survey - Yahoo! News (http://news.yahoo.com/s/nm/20090106/us_nm/us_financial_usa_wealth - broken link)
Do you really think that only millionaires have seen their assets shrink and, therefore, it's OK? Anyone with savings has seen their assets shrink and it's a serious matter. If you hope to retire one day, you like to see some stability in the financial markets. What's good for millionaires is good for poor folks trying to accumulate some savings, too. And being a millionaire today, isn't as hard as it used to be . . . there are many middle class millionaires out there.
Hah! The rich are in no position to be bringing up class warfare. They and their minions have been engaged in it for 30 years and more. Income redistribution UP the scale. That's the right-wing mantra. Screw the poor. Screw the middle class. Screw the upper-middle class. Take, take, take...because we can!
You got it dude - the rich beggars can cry and get taxpayer welfare, and then turn around and scoff at the lower classes like they always did.
SHOULD HAVE BEEN MORE. American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers.
Wealth of U.S. millionaires down 30 percent: survey - Yahoo! News (http://news.yahoo.com/s/nm/20090106/us_nm/us_financial_usa_wealth - broken link)
Jealousy is a horrible thing. It can make you hate people simply because they have worked harder than some have and are in a tax bracket that has been stereotyped out the yin yang for spending money frivolously, not caring about the poor, and blah, and blah, and blah.
Unless you didn't know, those considered to be "rich" carry the heaviest tax burden of all of us. No matter how much you stomp your feet, whine, complain, roll over, and curse them it's true. And those considered to be rich are also the ones that own companies, invest in stock, and things of that nature. Again, no matter how much you don't want that to be true, it is.
If they lose, we lose. If the start cutting expenses and downsizing, it'll be YOUR job, or mine. If they start closing buildings, it'll be YOUR building, or mine. Ever heard the saying "don't bite the hand that feeds you?" Why would you curse and wish bad on the people that sign YOUR PAYCHECK??
Classic, classic, classic, example of class envy/warfare.
Have some common sense and stop hating others for the things they have.
Quote:
Originally Posted by saganista
Hah! The rich are in no position to be bringing up class warfare. They and their minions have been engaged in it for 30 years and more. Income redistribution UP the scale. That's the right-wing mantra. Screw the poor. Screw the middle class. Screw the upper-middle class. Take, take, take...because we can!
How are they in no position to? Please elaborate because I'm just to dense to understand.
We live in a capitalistic society. If you want wealth for all, them move to Sweden. If you can't play by the rules, then get out the game. If you want to blame all your problems on the rich, then you need to do some deep soul searching or something so you can realize that you need to stop feeling sorry for yourself.
It's not someone else's fault that you can't stop blaming your problems on everyone else or that you don't have the drive to become one of the filthy rich millionaires or upper-middle class; it's YOUR FAULT. If you want what someone else has, then find a way to get it. If you want wealth, then find a way to become wealthy. Blaming the rich isn't going to do jack squat. Working hard, saving up, and being fiscally responsible will.
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