If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Abc.net.au)   Billionaire: "If you're jealous of those with more money, don't just sit there and complain; do something to make more money yourself - spend less time drinking, or smoking and socialising, and more time working"   (abc.net.au) divider line 149
    More: Obvious, smoking  
•       •       •

9336 clicks; posted to Main » on 30 Aug 2012 at 11:04 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2012-08-30 07:54:15 AM
25 votes:
...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.
2012-08-30 08:35:39 AM
16 votes:
Just 'working more' will not make you a millionaire. If that was the case, grad students would all be incredibly rich when they got done.
2012-08-30 08:47:42 AM
15 votes:

TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.


Doesn't mean the advice is bad.

It's kind of like a natural born Olympic level athlete telling the rest of us to exercise more. Sure, we'll never swim like Michael Phelps or run like Usain Bolt, but that doesn't mean that regular exercise won't make us more healthy.

It's true that as a group, the poor are much more likely to smoke, for example. In my state, you're looking at a minimum of $7 a pack. If you smoke a pack a day, that's $49 a week, or $208 a month. That's a car payment right there, going up in smoke. Over a year, that's nearly $2,500.

Also, the poor and uneducated tend to buy more lottery tickets:

bp0.blogger.com

This is a fools game, as it has been rightly pointed out that the lottery in all its forms is a "tax on people who are bad at math". On average, you'll never win back enough to make up for what you spend, not by a long shot. But the poor buy the damn things in droves. Whenever I see someone buying lottery tickets at a convenience store, it's not the person who just drove up in a BMW. It's the person who drove up in rusted out 1995 Ford Escort, or more likely, walked. 

Those are just a couple examples of some of the bad financial decisions that tend to keep the long-term poor in economic distress. They don't really necessarily know any better, though: People tend to stay in their socio-economic class. The rich who lose all their money don't generally fall into long-term poverty due to misfortune or the occasional misstep, though they can fall into short term poverty. They end up clawing their way back out of it. The flip side of that is that the long-term poor, when given a windfall like the occasional lottery winner, almost invariably find themselves back in poverty after a while because of poor financial decision making. 

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.
vpb [TotalFark]
2012-08-30 10:31:44 AM
13 votes:
That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.
2012-08-30 08:42:45 AM
12 votes:
Billionaires most likely work less then scientists, engineers, teachers, people who contribute stuff.
2012-08-30 11:12:54 AM
11 votes:

dittybopper: The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.


All of this is true, but it doesn't excuse the ultra-rich from buying political influence, for the express purpose of making sure they receive more money-making opportunities and pay less taxes, all at the expense of the poor and middle class. Which is really why everyone is pissed off at rich people; not because we're "jealous".
vpb [TotalFark]
2012-08-30 10:34:24 AM
9 votes:

GAT_00: Just 'working more' will not make you a millionaire. If that was the case, grad students would all be incredibly rich when they got done.


Generally the people who work hardest are the poorest. You get rich by acquiring the right to the product of other people's wealth.
2012-08-30 11:07:49 AM
8 votes:
The poor people I know have 2 or 3 jobs.

Pick any laborer off of the street and they know more about hard work than this woman.
vpb [TotalFark]
2012-08-30 11:06:57 AM
8 votes:

dittybopper: TsarTom: ...after parlaying a multi-million dollar inheritance...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...


It's nothing to do with the long term poor, she is talking about the middle class. The people who do the actual work that makes people like her rich.

She might actually do some work, but that's not where here money comes from, she simply inherited a company which gives her the right to take whatever the employees of the company produce and give them as little as she can get away with.

I have never understood why someone would be able to inherit an organization anyway, like it was a piece of furniture or something. It's almost like the feudal system where nobles inherit a manor and get to take a big share of what the serfs produce, simply because of birth.
2012-08-30 10:41:50 AM
8 votes:
When a millionaire/billionaire suggests that you need to be willing to 'work hard' in order to attain their level of wealth, what they really mean to say is 'have business ambition that is unwavering and single-minded, and sometimes ruthless.' Because that's what it seems to take for a person not born in wealth to gain a higher class in American society. Otherwise, any landscaper, nurse, janitor worker, strawberry picker would be a millionaire from all their hard work.
2012-08-30 08:21:37 AM
8 votes:
At some point this quote from Boswell's Life of Johnson will be pertinent to something said in this thread

"You meet a man begging; you charge him with idleness; he says, 'I am willing to labour. Will you give me work?' -- 'I cannot.' -- 'Why, then you have no right to charge me with idleness.' "
2012-08-30 11:22:22 AM
7 votes:
What if I'm not jealous of those with more money, and just want the arsholes that are super rich to stop farking everyone over?
2012-08-30 11:06:48 AM
7 votes:
As usually step 1 of the plan is to be born into a rich-as-fark family. Bootstraps work better when they're made of woven gold and platinum.
2012-08-30 11:29:37 AM
6 votes:
Bill Gates grew up in one of two communities, as I did in the other, that made computers available to students at the time. His father was a patent attorney who was able to keep Microsoft private up to the 286 gen on his own dime. His mother was on the board of the Red Cross along with the president of IBM, so he got the contract for the PC OS. Sweat of his brow.
2012-08-30 08:55:23 AM
6 votes:

dittybopper: The rich who lose all their money don't generally fall into long-term poverty due to misfortune or the occasional misstep, though they can fall into short term poverty. They end up clawing their way back out of it


There's no reason to believe your average billionaire who was born into it has any more financial sense than anyone else. They're just too big to fail. Of course you have your Zuckerbergs, Bill Gates, etc who built what they have but they're not the norm.

/happy being a multi-thousandaire
//never intentionally screwed over anyone for it
2012-08-30 11:32:45 AM
5 votes:
Family. Religion. Friendship. These are the three demons you must slay if you wish to succeed in business.
2012-08-30 11:29:12 AM
5 votes:

jayhawk88: dittybopper: The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.

All of this is true, but it doesn't excuse the ultra-rich from buying political influence, for the express purpose of making sure they receive more money-making opportunities and pay less taxes, all at the expense of the poor and middle class. Which is really why everyone is pissed off at rich people; not because we're "jealous".


I don't know of many people that are pissed off at someone with a couple million dollars. You got a little company and treat your employees well and make money, good for you. It's the people that milk the system, run companies into the ground while making big fat golden parachutes for themselves, the Enrons that lose all the workers entire retirement while making the management rich and nobody ever does time (helps to be buddies with the prez). The ones that profit here and contribute little. Except to campaigns that protect their interests, of course.
2012-08-30 11:25:09 AM
5 votes:
1) You will never get rich working for someone else
2) You can't get rich by spending every dime you make on toys
3) You have to make your money work for you
4) Be frugal, but always buy the best you can afford
5) Set goals and stay the course to achieve those goals
6) Invest in the long term, (never met a rich day trader)
2012-08-30 11:15:58 AM
5 votes:
The problem here is that CEOs that make over 100x the average salary of their company actually think they are working over 100x as hard as the average worker.
2012-08-30 10:08:28 AM
5 votes:

dittybopper: Mugato: dittybopper: The rich who lose all their money don't generally fall into long-term poverty due to misfortune or the occasional misstep, though they can fall into short term poverty. They end up clawing their way back out of it

There's no reason to believe your average billionaire who was born into it has any more financial sense than anyone else.

If you are born into wealth, it's very likely that you learned your money handling skills from your parents. Those skills might not be the kind necessary to *MAKE* a fortune, but they would at least be the kind that allow you to *RETAIN* one.

The same goes for the long-term poor, in that they generally learn their financial skills from their parents.

For good or ill, we generally learn most of our money handling skills from our parents, and to a lesser extent, our peers.

That's not to say you are predestined by accident of birth: My brother-in-law was born of modest means, but by dint of hard work *AND* sacrificing immediate gratification and unnecessary frills, he's actually doing quite well for himself and his family, certainly better than I and his sister (the distaffbopper).


Sure. But it's a little galling for someone who inherited millions of dollars to sit and lecture people about hard work.
2012-08-30 09:16:54 AM
5 votes:

Mugato: dittybopper: The rich who lose all their money don't generally fall into long-term poverty due to misfortune or the occasional misstep, though they can fall into short term poverty. They end up clawing their way back out of it

There's no reason to believe your average billionaire who was born into it has any more financial sense than anyone else.


If you are born into wealth, it's very likely that you learned your money handling skills from your parents. Those skills might not be the kind necessary to *MAKE* a fortune, but they would at least be the kind that allow you to *RETAIN* one.

The same goes for the long-term poor, in that they generally learn their financial skills from their parents.

For good or ill, we generally learn most of our money handling skills from our parents, and to a lesser extent, our peers.

That's not to say you are predestined by accident of birth: My brother-in-law was born of modest means, but by dint of hard work *AND* sacrificing immediate gratification and unnecessary frills, he's actually doing quite well for himself and his family, certainly better than I and his sister (the distaffbopper).
2012-08-30 08:07:29 AM
5 votes:
i.imgur.com

Finally, the answer to Babwa Wawa's eternal question: "What I wouldn't do for a billion dollars."
kgf
2012-08-30 01:06:49 PM
4 votes:
If you're jealous of those with more money, don't just sit there and complain; do something to make more money yourself - spend less time drinking, or smoking and socialising, and more time working

This is the basic underlying premise of the American Lie. The truth is hard work alone will not make most people wealthy. It takes extraordinary luck and connections. For every poor-guy-made-it-big story there are 100,000 poor-guy-is-still-poor stories.
vpb [TotalFark]
2012-08-30 11:47:51 AM
4 votes:

Cythraul: shadownick: Cythraul: When a millionaire/billionaire

Also keep in mind that people who are not born in wealth but become wealthy are usually slaves to their jobs I've met a few people like this. "Workaholic" would be a kind word to describe their work ethic. After seeing the sacrifices these kinds make in order to get more wealth, I sometimes wonder if it isn't better to try and eek out a living off of a modest middle class life than to try and become a rags-to-riches millionaire.


That is true sometimes, but usually those people have more sympathy with people who aren't wealthy because they didn't just have it fall into their laps. The problem is that they have an obsessive compulsive disorder, and have an unhealthy obsession with grasping at money. Also, expending effort isn't the same thing as "work" unless you think of work as something other than productive labor.

Most people have a more balanced outlook on life and just want to have a comfortable middle class life. They aren't jealous of the uber wealthy, the problem is that you can't really benefit from working harder if you are in the middle class because someone else decides what your labor is worth.

In our economic system, unless you have a strong union you are either rich or cheap labor. There simply isn't any provision for someone who wants to work hard for 40 or so hours and then live a normal life spending time with their family

The reason that the executives of corporations make hundreds of times what the employees make is that they are in a position to determine what labor is worth. As much as possible for themselves and as little as possible for the people who actually produce things.
2012-08-30 11:37:13 AM
4 votes:

Carousel Beast: vpb: That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.

Are you willfully ignorant, or just inherently stupid?


He's not far off. Sure, one can start a business and work 120 hours a week at it, but at the end of the day, if the market doesn't want their product, they're not getting rich.

Bill gates sold the rights to MS-DOS to IBM before he owned MS-DOS. The the owner of MS-DOS at the time learned that, he might have ignored Gate's offer to buy it and then he could have sold it to IBM. That simple exchange of information, through no fault of Gates, would have cost him billions. That's not hard work - that's luck.

If Jobs didn't have the engineering genius of Wozniak (they met in high-school), he would have never had an Apple computer to sell. If Wozniak didn't have the marketing sense of Jobs, his computer would have never sold like it did. Again - luck.

You could argue they would have all been millionaires anyway, but that's just speculation. No way would they be billionaires. At best, you can with a healthy amount of certainty they could be in jobs making low 6 figures a year. That is doable through "hard-work," assuming you know how to get there (i.e. lucky enough to have parents to guide you in your teenage years), and have the talent for those jobs (again luck. Not everyone can be a Doctor, Lawyer, Engineer).
2012-08-30 11:36:26 AM
4 votes:

RenHoekNL: Why are the people starving? Why don't they just eat cake?


Along the same lines, "When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist." - Hélder Câmara
2012-08-30 11:30:53 AM
4 votes:
Not only did she inherit millions - she inherited a million dollar company in the MINING sector.

Along comes China - "I want to buy all of your ore. Name your price"

She rode the Asian expansion to her billions. Like most people - her fortune had more to do with luck and the fact that the market played directly to her strengths.
2012-08-30 11:25:55 AM
4 votes:
It's telling that the anti-tax, anti-regulation types all assume the core motivation behind regulations, taxes and commonwealth services is jealousy of others' wealth.
Not, ya know, *history* and the fact that having these things has been better for everyone than not having them.
2012-08-30 08:35:20 AM
4 votes:
Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance

Good-bye.
2012-08-30 07:58:53 AM
4 votes:
The nicest millionaires I know don't talk much at all. You wouldn't know they are loaded, either. They don't roll the poor.
2012-08-30 02:28:36 PM
3 votes:

The Stealth Hippopotamus: I dont care what you say about this lady she was handed she built on it. She is a success. Maybe just maybe she could have just sat on the money and not done a damn thing but live off the interest for the rest of her life. Instead she put people to work and make money while doing it. I can see why people around her would trash her for it.


Here's the problem. If you are handed millions you have money and time to invest and work on growing your fortune.

If you are a single parent working 2-3 jobs to make ends meet you are lucky if, by the end of the month, you can pay your bills. There is no "working harder" once you are already working 2-3 jobs and raising a kid. There are only so many hours in a day.

I have several friends who have kids and work multiple HARD jobs like waitress, bartender, etc. They get up early, work all day, and if they are lucky get to spend an hour or two with their kids before collapsing from exhaustion to start again tomorrow.

The fat pig can can go fark herself.
2012-08-30 01:26:18 PM
3 votes:
Here's my main problem: the middle class is disappearing.

Most people I know don't want to be rich - they want to make enough to be comfortable and have a good life. House, cars, vacation, and retirement savings are enough for just about everyone I know.

Because the wealthiest of the wealthy are allowed to continually rewrite the financial rules to keep gathering unto themselves, wealth disparity is increasing. If we're not careful, we'll get to the point where you either have everything, or you have nothing.
2012-08-30 12:17:06 PM
3 votes:
Australia's richest person Gina Rinehart has urged Australians to work harder and cut down on drinking, smoking and socialising if they want to become wealthy.

What if we don't really care about becoming wealthy, but we think it would be nice if millionaires and billionaires actually paid their damn taxes instead of lobbying for loopholes in the tax code that allow them to dodge most of their tax burden so that they can stick that money in an offshore bank account to never be seen again, which creates 0 jobs and does nothing to contribute to the overall economy? Maybe I am jealous of the obscenely wealthy, but not in the way that you think. I'm jealous of your tax rate, not your wealth. I wish I could get away with paying so little.
2012-08-30 11:47:47 AM
3 votes:
The key to success in Capitalism is... wait for the surprise... capital.
2012-08-30 11:39:55 AM
3 votes:

Visionmn2: dittybopper: The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.

Not just financial skills - also the motivation. I have offered several people $1000.00 to get started after they go down, get a student loan, and get an associates degree. I have yet to have anyone take me up on my offer. They simply don't want to leave their comfort zone and blame others for the shortcomings in their life while yes, buying a pack of smokes and a lottery ticket.

It is OK to have poor people, wealthy, and everything in between and why this country feels otherwise is ridiculous. We need people to work at McDonalds, do our dry cleaning etc. We are all wired to do something in life and we should not reward those who are wired to mooch and take from others - especially those who do get offered jobs and turn them down because they would not make as much as they do from Welfare and hand outs.


Your championing of the multi-class system is a bit strange to me, when just earlier in your post you criticize people for not wanting to leave their 'comfort zone.'

Also, I didn't know there were so many people claiming we need a one-class society in the U.S. What I have heard is people asking for the continuation of the health of our social programs which help make sure the poor do not suffer, which sounds reasonable to me.
2012-08-30 11:38:18 AM
3 votes:

dittybopper: Those are just a couple examples of some of the bad financial decisions that tend to keep the long-term poor in economic distress. They don't really necessarily know any better, though: People tend to stay in their socio-economic class


This is why you should never take financial advice from a rich person if they were always rich; when you have money keeping it is easy. And when you don't, opportunity tends to skip your door and seek out a nicer neighborhood.

Less intuitively, you probably shouldn't take advice from a suddenly rich person who started poor either. Sure, we all dream of having that billion dollar idea and raking in the dough, but events like that usually involve way too much luck. If the circumstances were easy to duplicate, everyone would do it. Mark Zuckerberg made a fortune of a simple idea that it seems like any of us could have, but it's phenomenally lucky that he did so at the exact moment in history when his idea was workable and desired, that no one had done it quite as well previously, and that he got the right people to work on it. And that it caught on; sometimes brilliance just goes unnoticed and mediocrity becomes huge.

The people with good advice are the ones who ended up better off than they started, but gradually and more importantly consistently. Someone who became rich overnight probably has no idea how they really pulled it off. Someone who slowly built themselves up and somehow managed to be richer every week without fail is worth listening too, even if it took them 20 years to finally be "rich". Heck the longer it takes the better the advice probably is, because even a minor success is worthwhile if it can be repeated that reliably.
2012-08-30 11:34:53 AM
3 votes:

Visionmn2: dittybopper: The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.

Not just financial skills - also the motivation. I have offered several people $1000.00 to get started after they go down, get a student loan, and get an associates degree. I have yet to have anyone take me up on my offer. They simply don't want to leave their comfort zone and blame others for the shortcomings in their life while yes, buying a pack of smokes and a lottery ticket.


It's also possible that those people feel guilty or insecure accepting your charity. They might be afraid of being under obligation to you, and they know $1000 is not enough to guarantee a turnaround in their lives. Disingenuous people may just take your money then make up whatever excuse they want when they eventually disappoint you.
2012-08-30 11:28:28 AM
3 votes:

dittybopper: The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financial skills to help them claw their way out of poverty.


Not just financial skills - also the motivation. I have offered several people $1000.00 to get started after they go down, get a student loan, and get an associates degree. I have yet to have anyone take me up on my offer. They simply don't want to leave their comfort zone and blame others for the shortcomings in their life while yes, buying a pack of smokes and a lottery ticket.

It is OK to have poor people, wealthy, and everything in between and why this country feels otherwise is ridiculous. We need people to work at McDonalds, do our dry cleaning etc. We are all wired to do something in life and we should not reward those who are wired to mooch and take from others - especially those who do get offered jobs and turn them down because they would not make as much as they do from Welfare and hand outs.
2012-08-30 11:25:22 AM
3 votes:
Working hard enough isn't the answer, considering a lot of people can't find work at all.
vpb [TotalFark]
2012-08-30 11:25:13 AM
3 votes:

Snarcoleptic_Hoosier: Then I guess I'll start robbing rich people. If I work hard at it, I can be rich too.


That is one of the better ways. Lehman Brothers specialized in that, and a lot of people made big money that way.
2012-08-30 11:25:07 AM
3 votes:

vpb: dittybopper: TsarTom: ...after parlaying a multi-million dollar inheritance...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...

It's nothing to do with the long term poor, she is talking about the middle class. The people who do the actual work that makes people like her rich.

She might actually do some work, but that's not where here money comes from, she simply inherited a company which gives her the right to take whatever the employees of the company produce and give them as little as she can get away with.

I have never understood why someone would be able to inherit an organization anyway, like it was a piece of furniture or something. It's almost like the feudal system where nobles inherit a manor and get to take a big share of what the serfs produce, simply because of birth.


Youre looking at it from the wrong angle. Why shouldn't the person who built the organization be able to do whatever he/she wants with it?

If I am smart/lucky/hard working enough to build a business worth $100m/$2m/150k or whatever, why shouldn't I be able to give it to my lazy stupid son? Sure, he didn't do anything to deserve it but I did and want it to go to him.
2012-08-30 11:24:05 AM
3 votes:
I don't have anything personal against the Occupy protesters, or any peaceful demonstrator for that matter. These guys at least had the initiative to get of their asses, go into the streets and protest about something. Most Americans would just laze in front of their televisions, ranting impotently at the world.
2012-08-30 11:23:29 AM
3 votes:

Mugato: dittybopper: The rich who lose all their money don't generally fall into long-term poverty due to misfortune or the occasional misstep, though they can fall into short term poverty. They end up clawing their way back out of it

There's no reason to believe your average billionaire who was born into it has any more financial sense than anyone else.


You usually inherit daddy's financial advisers along with his money. Also that inheritance is already working to earn more money. They don't cash out the investments and hand you a check. Instead you inherit stock, real estate, companies, bonds, etc.
2012-08-30 11:21:33 AM
3 votes:
The richest people I know (including a couple of CEOs with compensation in the $10 mil+ range) love to drink and socialize. In fact, one told me that this is the way to truly get to know the character of the people you are dealing with. Just sayin.
2012-08-30 11:20:29 AM
3 votes:
Then I guess I'll start robbing rich people. If I work hard at it, I can be rich too.
2012-08-30 11:19:19 AM
3 votes:

SN1987a goes boom: The problem here is that CEOs that make over 100x the average salary of their company actually think they are working over 100x as hard as the average worker.


The new CEO of Best Buy will make $6.25 million even if he is not legally able to take the job. Yeah, that's value for the shareholders!

Needless to say when I read that I decided that I would never, ever so much as step into a Best Buy again.
2012-08-30 11:17:49 AM
3 votes:

ackb4r: TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.

Do you know how many rich people's kids don't do jack shiat? Just sit around farking off and spending their parent's cheddar?

Of course, this lady started with significant advantages in life, but she didn't just squander them. So she gets a little credit for that.


Very little.

She's saying the reason why she is rich and we are not is because we don't work hard enough.

My time sheets say otherwise.
2012-08-30 11:13:41 AM
3 votes:
Like Ann Romney talking about how hard her and Mitt had it in the early days when they could only borrow tens of thousands of dollars from their parents... Life is so hard and they made it all on their own.
2012-08-30 11:11:44 AM
3 votes:

TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.


Do you know how many rich people's kids don't do jack shiat? Just sit around farking off and spending their parent's cheddar?

Of course, this lady started with significant advantages in life, but she didn't just squander them. So she gets a little credit for that.
2012-08-30 10:38:32 AM
3 votes:

vudukungfu: The nicest millionaires I know don't talk much at all. You wouldn't know they are loaded, either. They don't roll the poor.


Basically this. If you see people flaunting it, you can rest assured that they are Grade A douchebags.

And if you need to be reminded what "flaunting it" looks like, please direct your attention to Rich Kids of Instagram. (pops)
2012-08-30 10:19:30 AM
3 votes:
Mining?  I would have guessed she was a cheesecake mogul.  Unless she owns the Big Rock Candy Mountain, then it would make perfect sense.
2012-08-30 10:15:48 AM
3 votes:

qorkfiend:
Sure. But it's a little galling for someone who inherited millions of dollars to sit and lecture people about hard work.


I don't mind if they do it from the privacy of their own prison cell.
2012-08-30 08:52:03 AM
3 votes:
She sounds like a pleasant person.

TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.


...and THIS^
2012-08-30 08:02:39 AM
3 votes:
I want to use my multi-million dollar inheritance to become a corporate raider. You know shutting down lazy, socializing and drinking American factories and opening up new ones in hardworking China!
2012-08-30 01:23:44 PM
2 votes:

Jon Snow: If you happened to inherit a mining empire and put the money back into mining, like the ogre from TFA, it would be still more.


Wow.

I assumed she at least made a new business out of her inheritance. Nope. She just got the inheritance and took over the same business.
2012-08-30 01:13:17 PM
2 votes:
Must be a Dutch billionaire--he's got enough red herring there to supply the international market.

Although class warfare is often framed by the haves and their evil minions, the conservatives, as a matter of "envy", "jealousy", "laziness", innate stupidity, etc., these ad hominem arguments are feeble.

I don't like the rich, but I love their stuff. I worry that perhaps there would be none of this stuff if there were no rich. That would be a pity because the rich do seem to fill a niche, namely the early adopters of expensive new technology, ideas, lifestyles,e tc.

At least partly, the rich are a Good Thing and I can't deny they play a role in the ecology, just as that mountain lion that ate your precious snowflake last week plays an important role in another ecology.

But do not confuse envy or fear or hatred with a reasoned political, economic, cultural, social and religious animus against the rich.

It is one thing to say that there would be little or no great art if rich patrons, whether individual, family, religious or state, did not exist to sponsor them by paying the poor starving (or well-off, comfortable) artists enough to buy materials and eat while spending ten years on a single painting. It is another to say that anything goes and that we should leave leadership in all things to the rich.

Recently an asinine mole and his operator on the SCOTUS destroyed the United States Constitution, liberal democracy and a number of other cherished institutions with a few strokes of a pen. I won't mention any names but one of the felons rhymes with Barence Bowmass and the other has a name that reminds one of LaScalia in Milan.

Giving money the vote is the worst thing you can do to a democracy. Even slavery or a limited suffrage are small potatoes to unleashing oligarchy so that a handful of billionaires can subvert the Constitution and all political powers and decision-making with buckets and pallets of money.

You either have a democracy or an oligarchy. You now have an oligarchy. Democracy may not work all that great, but it is the very best of a very bad lot. Government by the rich is pretty much the worst seeing as it is pretty much all of the other forms of government: aristocracy, oligarchy, monarcny, tyranny, fascism, etc.

You can not fob me off with "oh, people who criticize the oligarchy are just jealous". Even a saint must be horrified by Government of the Rich, by the Rich and for the Rich. In fact, a saint must be MORE horrified than even the most envious person on Earth.

I do not love the rich, but I love their stuff. But this is not the issue. The issue is what kind of government we will have, and thus what kind of freedoms, people, lives, world.

JUST SAY NO TO OLIGARCHY. Say yes to one person, one vote.

Personally I think that the very rich should not be allowed to spend any money buying politicians, laws and government to suit themselves. There should be a cap on personal donations and no corporate donations. This is, in fact, what the Liberals put in place at the Federal level in Canada, much to their own cost, seeing as they were getting more money from the rich than even the Conservatives, who despite being illiberal and anti-democratic at every turn, do get most of their donations in relatively small dollops from farmers, business people and professionals--the middle classes proper.

Liberalism, democracy, equity, peace, order, good government--these are all traditional middle class and Canadian values which I cherish. And Americans have mostly cherished them also, albeit to a lesser extent because all the power and money is in the hands of the top 20% and the rest can go fark themselves.

In Canada, the top 20% mostly believe that the other 80% need our compassion, assistance and respect just as much or more than the rich. Even quite conservative people at least pay lip service to the idea that government and taxation are just fine if they are working to a good purpose. Most of the top 20% say they don't mind paying taxes, although they may be mealy-mouthed lying SOBs for all that.

At various times Canada and the US seem to lap each other in the race to the top (or the bottom) of the democratic, liberal, free, and happy leagues.

The Citizens United decision was the worst political decision in the history of America and possibly the world. The SOBs responsible (Barence Bowmass and LaScalia of Milan) should be tarred and feathered and run out of town on an electrified rail, sharpened to a very fine stainless steel edge.

But that doesn't mean that I am jealous of Donald Trump's truly grotesque Philistine taste in gold-plated ceilings or wish I had both salt and fresh water infinity pools all the way from the Pacific beach to the Atlantic shore. I might very well be envious, jealous, hateful, or what not, but that has nothing to do with my main animus against the rich, which is that the feckers are not to be trusted and are natural-born enemies of everything I value and esteem, including the things I can not have, or do, or be.
2012-08-30 01:09:58 PM
2 votes:

BgJonson79: Lionel Mandrake: The Stealth Hippopotamus: I dont care what you say about this lady she was handed she built on it. She is a success.

Give me a shiat-ton of money and I guaran-farkin-tee I'll turn it into more money.

Thousands of times as much? Cause I'll send $10 right now if you can turn it into $30k.


Brain harder. Jesus farking christ.

If you start with a $10 million inheritance at birth and do nothing other than put it in a savings account with 5% interest, by the time you're 30, it will be worth four times as much.

If you put it in the market during the 70s-90s, it would be still more.

If you happened to inherit a mining empire and put the money back into mining, like the ogre from TFA, it would be still more.
2012-08-30 01:08:47 PM
2 votes:

Heron: Debeo Summa Credo: vpb: dittybopper: TsarTom: ...after parlaying a multi-million dollar inheritance...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...

It's nothing to do with the long term poor, she is talking about the middle class. The people who do the actual work that makes people like her rich.

She might actually do some work, but that's not where here money comes from, she simply inherited a company which gives her the right to take whatever the employees of the company produce and give them as little as she can get away with.

I have never understood why someone would be able to inherit an organization anyway, like it was a piece of furniture or something. It's almost like the feudal system where nobles inherit a manor and get to take a big share of what the serfs produce, simply because of birth.

Youre looking at it from the wrong angle. Why shouldn't the person who built the organization be able to do whatever he/she wants with it?

If I am smart/lucky/hard working enough to build a business worth $100m/$2m/150k or whatever, why shouldn't I be able to give it to my lazy stupid son? Sure, he didn't do anything to deserve it but I did and want it to go to him.

Because an organization is necessarily a group effort. Why do you get to claim ownership? Because you put down the start-up capital? Did you construct your factories, build all your production, organize the work, oversee it, handle all the sales and advertising? Those people clocking in everyday to ensure your business remains productive and successful have as much, if not a more, of a claim to owning their collective activity than you, the money-man. You don't "own" a corporation any more than you own the employees who do all the work. A corporation employs, produces goods, pays taxes; it is a social entity and as such a more democratic form of management and "ownership" which takes these other concerned parties into consideration is not only morally fairer but also more efficient, as Germany and Japan's heavily unionized and consistently robust manufacturing sectors prove.


Laughable nonsense. I paid all those people to build the factories. They were compensated at a mutually agreeable wage and have no claim to any ownership in the company.

If you pay a contractor to build an addition to your home, do he and all his employees have the right to say they own part of your house? You didn't build it, they did. You just paid for their labor to build it.
2012-08-30 01:07:52 PM
2 votes:

BgJonson79: signaljammer: Bill Gates grew up in one of two communities, as I did in the other, that made computers available to students at the time. His father was a patent attorney who was able to keep Microsoft private up to the 286 gen on his own dime. His mother was on the board of the Red Cross along with the president of IBM, so he got the contract for the PC OS. Sweat of his brow.

What you're saying, then, is that his parents aren't idiots. Weird how that works out. Smart kids have smart parents.


He sold MS-DOS to IBM before he owned MS-DOS. He had "connections."
2012-08-30 01:03:05 PM
2 votes:
Yep. Reducing the minimum wage, or as we do it, not increasing it, has done wonders for our economy! The wheels of commerce do not spin when people have no money to spend. Perfect logic.
2012-08-30 01:01:25 PM
2 votes:
She thinks that lowering the minimum wage would make employers hire more people. The big limitation on the number of people an employer hires, however, is whether there is a market for the employer's products. The problem isn't an unmet demand for products that companies can't afford to produce; it's a lack of demand for the products they already produce, basically because the economy is in the shiatter and people can't afford to buy their stuff. Paying people less money to produce the same amount of stuff won't increase that market; it will decrease it because fewer people can now afford to buy the relevant stuff.

Of course, this is only true if your market and your employees are essentially the same. if you're producing things to sell in another country, it doesn't matter if the people who work for you can afford to buy the products they're making or not (see: China). It seems like this individual wants to move Australia into the third world.
2012-08-30 01:00:47 PM
2 votes:
My question is, objectively, what is rich?

I work as a project manager for a custom home construction business in Ohio and, right now, the economy and market is BOOMING again ... 2010 and 2011 were our best years in 20 years of business and 2012 is set to break all of our previous records.

That being said, I make a high five-figure salary and I live like a KING. I have two reasonably nice cars that are 100% paid off, I have a college education, I have a nice apartment, food in my fridge, I max out my 401k and my IRA contributions every year, and I have a satisfying savings account with 14 months salary in it.

But I live like a fraking KING on it. I lived in NYC on $12/hour, I lived in Chicago on $10/hour, I delivered pizzas in college, so I get the higher price of living in some cities, but come on, the whole notion that people making twice as much as me aren't rich is just stupid.

If you buy a $400,000 house and two new car payments and send your kids to private school and barely make ends meet on a $200k salary, well, you're not poor, you're not well off, you're financially retarded.

I grew up in a family of 6 in a 4 bedroom $150k house on the east side of Cleveland and we lived very nicely for WAY LESS than $200k a year. Either people's expectations of living are farked, or people think that a $400k home that you buy every 5 years is somehow normal or secure.

If you make more than $200k, ANYWHERE in the USA, you're rich in my eyes. You are rich enough to do whatever you want. If you choose to have 6 kids and send them all to private school and have two new cars in the garage and a McMansion in NoVA, well, sorry, you're just stupid, not poor. Stop defending the fact that you make more than 98% of people in the US and still struggle to make ends meet. That's your own damn fault, not Obamas.

/end rant ...
2012-08-30 01:00:11 PM
2 votes:

TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.


And of course, she's whining for tax cuts and demanding wage cuts for the poor.

[Rinehart] suggested the government should lower the minimum wage of $606.40 a week and cut taxes to stimulate employment. 

Incidentally, the current weekly minimum wage in Australia ($606) is roughly what this born-an-inch-from-the-plate-thinks-she-hit-a-homer troll made last year ($598) every second.
2012-08-30 12:58:15 PM
2 votes:

Debeo Summa Credo: vpb: dittybopper: TsarTom: ...after parlaying a multi-million dollar inheritance...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...

It's nothing to do with the long term poor, she is talking about the middle class. The people who do the actual work that makes people like her rich.

She might actually do some work, but that's not where here money comes from, she simply inherited a company which gives her the right to take whatever the employees of the company produce and give them as little as she can get away with.

I have never understood why someone would be able to inherit an organization anyway, like it was a piece of furniture or something. It's almost like the feudal system where nobles inherit a manor and get to take a big share of what the serfs produce, simply because of birth.

Youre looking at it from the wrong angle. Why shouldn't the person who built the organization be able to do whatever he/she wants with it?

If I am smart/lucky/hard working enough to build a business worth $100m/$2m/150k or whatever, why shouldn't I be able to give it to my lazy stupid son? Sure, he didn't do anything to deserve it but I did and want it to go to him.


Because an organization is necessarily a group effort. Why do you get to claim ownership? Because you put down the start-up capital? Did you construct your factories, build all your production, organize the work, oversee it, handle all the sales and advertising? Those people clocking in everyday to ensure your business remains productive and successful have as much, if not a more, of a claim to owning their collective activity than you, the money-man. You don't "own" a corporation any more than you own the employees who do all the work. A corporation employs, produces goods, pays taxes; it is a social entity and as such a more democratic form of management and "ownership" which takes these other concerned parties into consideration is not only morally fairer but also more efficient, as Germany and Japan's heavily unionized and consistently robust manufacturing sectors prove.
2012-08-30 12:40:27 PM
2 votes:
I thought the Huts made their money in gambling and being loan sharks.

i.imgur.com

For comparison...
upload.wikimedia.org 

/Bring Solo and Wookie
//Eats frog-thingy
2012-08-30 12:37:01 PM
2 votes:

MycroftHolmes: but he also put in 100+ hour week after 100+ hour week to achieve success.


A lot of people put a lot of work into their business, only to end up bankrupt. One's odds of having a business still operating after 4 years is equal to betting on "black" at a roulette table.

www.statisticbrain.com
2012-08-30 12:28:58 PM
2 votes:
This idea that everybody can be rich if they just work hard is an illusion that needs to be dispelled.

At best, people can become middle-class and comfortable through hard work and halfway sound financial decisions.

Rich? That's pure luck of either birth or circumstance.

Okay. Let's say you're a typical, average, normal American, just very hard working. You are born to a middle class or lower-middle-class family. You get slightly above average grades (average intellect, but study hard). You work a part-time job in your teenage years.

You want to go to College to get ahead. Well, you've got two choices (since your parents aren't rich enough to pay for it all)

1. Go deep into student loan debt, racking up tens of thousands of dollars of debt in the hope your education will pay it off.
2. Join the military and use your GI Bill and/or Tuition Assistance to pay for College. This hopes that you can get into the military and don't have a disqualifying medical condition, or otherwise are suitable for military service.

So, once you've traded off either 6 years of your life, or a mid-five-figure range debt for a degree, what are you going to do?

Now, let's assume you followed the popular advice here on Fark and majored in a hard science, like Physics or Chemistry. Well, university calculus is pretty freaking hard, and so are upper-level hard science classes, so even though you're a hard worker, Mr. Average will barely pass and skate by with a mediocre GPA.

Okay, you're in the job market. . .now what? Job market stinks. That science degree makes you fit to hold the same jobs any other college graduate has, or to work as a lab assistant. A Bachelor's degree, or even a Master's degree in hard sciences doesn't guarantee a good job.

So, you can go to graduate school, and hope to get a Ph.D. and make your way into academia. . .but that isn't going to make you "rich", just mildly affluent (at best). Your average intellect will have trouble competing with the elite intelligentsia, no matter how hard working you are.

Hmm. You could open a business! That's it, a small business!

Oops, the vast majority of small businesses fail within the first year or two. You can be very hard working, but unless you get very lucky, that business will probably fail. You don't have the capitol to invest in a franchise of some big chain or something that is almost guaranteed to make a profit.

So, where in all this does just getting out and working hard make you rich?
2012-08-30 12:21:27 PM
2 votes:

Icetech3: I agree with this guy 100%.. I grew up in detroit, had nothing.. i work 70 hours a week.. i don't believe in drinking and partying and i now have a good bank account and a nice house and a pretty good life.. just takes hard work.


If your job happens to as boring and unsatisfying as most are, then no, you don't have a pretty good life if you're spending that much time there.
2012-08-30 12:07:28 PM
2 votes:

The Stealth Hippopotamus: I dont care what you say about this lady she was handed she built on it. She is a success. Maybe just maybe she could have just sat on the money and not done a damn thing but live off the interest for the rest of her life. Instead she put people to work and make money while doing it. I can see why people around her would trash her for it.


I don't think people here are faulting her for building on her fortune. What they're faulting her for is her fundamental misunderstanding of challenges facing the lower middle class, and increasingly the middle class.

Rising out of poverty is not easily done, and with a few notable exceptions requires societal support (at a minimum in the form of education). This is a nut that the US and the rest of the first world has found tough to crack. We do a progressively sh*tty job as you move down the class structure.

Her sentiment that poor pull oneself out of poverty simply by working harder and more, while she advocates actually lowering minimum wage is at best laughably out of touch.
vpb [TotalFark]
2012-08-30 12:04:49 PM
2 votes:

Debeo Summa Credo: bifford: So the 99% are all lazy idiots?

Well, those who identify themselves as part of "the 99%" are idiots.


Is this the "paint your opponent with your weakness thing?

Are you really stupid enough to think anyone ever got rich by working hard, or are you stupid enough to think that the financial shenanigans, fraud and similar things that actually make people rich are "work"?
2012-08-30 11:54:04 AM
2 votes:
How is what she is saying (and under the same circumstances) differing much from say what Donald Trump spreads? It's the same sort of arrogance, neatly summed up by the old adage: they were born on third base yet are convinced they've hit a triple all on their own. (You could toss the Koch Bros in that mix as well)

Someone above mentioned Zuckerberg and Bill Gates as examples of those who kind of made it on their own. I kind of accept that, but yet the reality is that both of those individuals were afforded the opportunities that a certain degree of inherent wealth provides. (Both came from fairly affluent households and were admitted to Harvard, where the formed alliances and friendships with other people from equally affluent backgrounds that lead to them creating a business that resulted in their huge wealth gains.)

Much like Mitt Romney's pedigree and family's affluence allowed for him to set himself up in business and amass a fortune.

On the other hand, you do have some people who came out of near poverty conditions and built up businesses, without the support (financial and other) and without the networking opportunities afforded those who came from affluence and wealth. Sam Walton (WalMart), Dave Thomas (Wendy's), John Paul DeJoria (Paul Mitchell), Larry Ellison (Oracle), Steve Jobs, et al.


But this ugly beyotch really has some nerve. Would love to see where she would be in life without the fortune she inherited. My guess is one of those folks she's complaining about, you know the ones who were far too lazy to make sure that they were born to wealthy parents.
2012-08-30 11:51:46 AM
2 votes:
img442.imageshack.us

Someone once asked Richard Branson what was the fastest way for someone to become a millionaire. His answer "Be a billionaire and start an airline"

I dont care what you say about this lady she was handed she built on it. She is a success. Maybe just maybe she could have just sat on the money and not done a damn thing but live off the interest for the rest of her life. Instead she put people to work and make money while doing it. I can see why people around her would trash her for it.
2012-08-30 11:48:19 AM
2 votes:

impaler: Carousel Beast: vpb: That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.

Are you willfully ignorant, or just inherently stupid?

He's not far off. Sure, one can start a business and work 120 hours a week at it, but at the end of the day, if the market doesn't want their product, they're not getting rich.

Bill gates sold the rights to MS-DOS to IBM before he owned MS-DOS. The the owner of MS-DOS at the time learned that, he might have ignored Gate's offer to buy it and then he could have sold it to IBM. That simple exchange of information, through no fault of Gates, would have cost him billions. That's not hard work - that's luck.

If Jobs didn't have the engineering genius of Wozniak (they met in high-school), he would have never had an Apple computer to sell. If Wozniak didn't have the marketing sense of Jobs, his computer would have never sold like it did. Again - luck.

You could argue they would have all been millionaires anyway, but that's just speculation. No way would they be billionaires. At best, you can with a healthy amount of certainty they could be in jobs making low 6 figures a year. That is doable through "hard-work," assuming you know how to get there (i.e. lucky enough to have parents to guide you in your teenage years), and have the talent for those jobs (again luck. Not everyone can be a Doctor, Lawyer, Engineer).


and if either of these tech giants didn't have the developments of the Xerox PARC to take their ideas and 'commercialize' them neither company would have been as successful.
2012-08-30 11:45:54 AM
2 votes:

GAT_00: Just 'working more' will not make you a millionaire. If that was the case, grad students would all be incredibly rich when they got done.


Bingo. If I doubled my hours at my $18k per year job it wouldnt make me wealthy. It would only get me back where I was 6+ years ago. Even then I was mostly broke, but I had nicer stuff. Like a house and a new car. Now the car is 8 years old, the house is gone and we are living with the mother-in-law. I also did less physical work than I do now. Now its more work for less money.

What have I learned? When the economy is bad Florida is a terrible place to be. Well, it always sucked, it just sucks even more to be in FL AND broke.

/2 weeks till we leave this terrible state forever
2012-08-30 11:45:39 AM
2 votes:
I have a fantasy in which people are not allowed to graduate high school until they can give a dumbed-down, plain-English explanation of the word "stochastic." People seem very uncomfortable with the idea that although you can skew the odds in your favor, there are just some things in life that are out of your control (or effectively random.)

There is a big difference between "Hard work makes you rich" and "Hard work makes you more likely to get rich."
2012-08-30 11:45:07 AM
2 votes:
Yeah, she's an asshat. It is extremely unlikely that working hard will ever make you a billionaire on its own, however working hard can get you to a very decent upper middle class life. My wife and her ex-husband worked the standard jobs and a ton of overtime. They saved and eventually were able to open their own business. They did very well, bringing in about 200k a year net. They were on their way to being millionaires, but a tragic motorcycle accident ended that dream.

The point is, it is possible to live a great life through hard work. They sacrificed a lot while building their business. Small house, used cars, no eating out or entertainment with every penny going towards getting the business. That and a lot of luck, no doubt, the right place, right time. However, no matter how hard they worked they were never ever going to be billionaires. Having a few million wasn't of reach in the long term, but rich isn't what I would have considered them.

But, as much as I don't like this billionaire, she does have a point. There are many a poor person who is kept poor by very bad decisions. New cars every two years, expensive clothing, big screen tv's. Saving is just not in most poor peoples state of mind. I see many waste what limited assets they have on things that have no value. However, it takes money to make money. Being poor sucks balls and getting out of it I'd difficult to damn near impossible.

So, I guess what I am saying is that both sides have valid points, although neither side understands each other. Man, I really need to get some sleep.
2012-08-30 11:44:11 AM
2 votes:
It's easy to say that when you're born rich, or you had a ton of advantages many people don't have.
2012-08-30 11:41:10 AM
2 votes:
"When I refuse to give food to the poor, they call me a Republican. When I ask why the poor are so lazy and why don't they get a job, they call me a Republican."
2012-08-30 11:41:07 AM
2 votes:

Snarcoleptic_Hoosier: Then I guess I'll start robbing rich people. If I work hard at it, I can be rich too.


a wise man once said: "a man with a briefcase can steal more money than any man with a gun"
2012-08-30 11:41:02 AM
2 votes:
You don't get to be a billionaire without getting most of your income from investments which require very little work or none at all if you pawn it all off onto an advisor.
2012-08-30 11:39:17 AM
2 votes:

Visionmn2: I have offered several people $1000.00 to get started after they go down, get a student loan, and get an associates degree. I have yet to have anyone take me up on my offer.


To be honest I don't think I'd accept your money either. It's one thing to be in debt to the bank, another to be in debt to a person you're not related to, and I don't want a phone call in the middle of the night sometime down the road from a guy who once leant me some cash who now needs help moving a body.
2012-08-30 11:34:01 AM
2 votes:
I like how she talks about getting wealthier and decreasing minimum wage in the same article. That's good stuff there.
2012-08-30 11:27:03 AM
2 votes:

bifford: So the 99% are all lazy idiots?


Well, those who identify themselves as part of "the 99%" are idiots.
2012-08-30 11:24:22 AM
2 votes:
Step 1: Inherit millions of dollars
Step 2: Use that money to make more money
Step 3: Profit!

My God! She's figured out Step 2!
2012-08-30 11:23:57 AM
2 votes:
I'm 9 hours into a 20 hour shift (ya rly) and I get to come back tomorrow for 16. I'm not poor but I'm not exactly rolling in dough either. Fark this lady.
2012-08-30 11:22:53 AM
2 votes:
Why are the people starving? Why don't they just eat cake?
2012-08-30 11:21:54 AM
2 votes:
So the 99% are all lazy idiots?
2012-08-30 10:37:22 AM
2 votes:
"Are you employed sir?"

deathandtaxesmag.wpengine.netdna-cdn.com
2012-08-30 04:06:06 PM
1 votes:
Jon Stewart said it about Romney, but I think it applies here, too.

"Here's what Romney doesn't understand," Stewart said. "Nobody cares that Romney is rich. It's Romney's inability to understand the institutional advantage that he gains from the government's tax code largesse. That's a little offensive to people, especially considering Romney's view on anyone else who looks to the government for things like, I don't know, food and medicine."

Am I jealous of people with more money than me? Yeah, some. But, by and large, I enjoy my life. I don't care that I'm not a multi-millionaire. All the smoking, drinking, socializing, drugs, and hookers are fun. I don't need a billion dollars to enjoy those things. What pisses me off is the mythology that these guys are peddling, that they got to where they are with no help from anybody else, and anybody can work hard enough to be a billionaire like them. They then proceed to game the system, lobbying for every tax advantage they can get, by selling the myth that if they only get one more tax break, they'll look out for the little guy out of the goodness of their own heart, just trust them.
2012-08-30 03:47:21 PM
1 votes:

roc6783: you are judging someone as worthwhile based on the fact that they took an educated guess and it worked out


Or in this case, made no guess (educated or otherwise) at all and was born into a fortune.

The accident of her birth is the only reason why she is wealthy. Full stop.
2012-08-30 03:35:46 PM
1 votes:
Coming in at the tail end so I'm sure I'll get no responses... but

My folks came from middle class families, but they started out poor. We were on food stamps, generic-brand food, government cheese, and hand me down clothes. They worked hard - one of them as a teacher with horrible pay - and they moved up to the middle class, maybe even the upper middle.

I started working doing landscaping around the age of 13, or hauling shingles, or shoveling, or mowing lawns. I haven't not had a job since I was 15. I have a decent work ethic, and I'm now comfortably in the middle class, due to the work I've done.

Hard work and frugal behavior isn't going to make you a multimillionaire. That requires luck and timing of actions you have no control over. It won't give you F-U money, where you can do whatever you want, and treat your credit card like a genie in a bottle. I think that's what people are getting caught up in.

What it will do is let you avoid saying "I can't afford a place to live" or as I had to deal with once, "I can't afford food for the third week in a row, and I'm dying," (which is a separate CSB). You might not be able to get all the things you ever wanted, but you'll be able to get some - or even many - of the things you wanted.

If you have realistic goals, you could even be content with that.
2012-08-30 02:44:45 PM
1 votes:

SpectroBoy: I have several friends who have kids and work multiple HARD jobs like waitress, bartender, etc


Sorry but no. You dont get to claim that being a waitress or a bartender is hard. I've worked with both, and that aint hard. Taring roofs, welding, or working a blast furnace now that hard. You know what else is hard? Worrying about making payroll, DOT compliance and dealing with workers comp. How that's hard. Someone being rude to you for forgetting the mustard? Doesn't match up.
2012-08-30 02:17:50 PM
1 votes:
If everyone were rich, everyone would be poor.
2012-08-30 02:15:39 PM
1 votes:
If hard work and long hours made one a financial success then migrant farmworkers would be the richest people in the world.
2012-08-30 02:07:20 PM
1 votes:

seadoo2006:

If you make more than $200k, ANYWHERE in the USA, you're rich in my eyes. You are rich enough to do whatever you want.


$200K a year in the US is not enough money to do anything you want. And living in a major city makes it even less so.
2012-08-30 02:06:42 PM
1 votes:
It metal prices fall, and she loses billions, she we tell her to just work harder?

growlersoftware.com
2012-08-30 01:45:54 PM
1 votes:

BgJonson79: From the article: Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance into a mining empire now worth more than $20 billion.


Her inheritance was a percentage of a mining empire. It doesn't specify a number. Multi-million could mean $2m, or it could mean $999m. Where are you getting "a 20,000x ROI"?

Regardless, what is your evidence that the increase in her wealth was due to anything other than the increase value of the mining empire due to external demand for metals and coal that she was handed at birth? We already know unequivocally that her fortune doubled in the last year alone due to nothing other than external forces.
2012-08-30 01:44:15 PM
1 votes:
And the fastest rowers in the wells of Ben Hur sailing vessels get to be captain someday.
2012-08-30 01:43:22 PM
1 votes:

HotWingConspiracy: The poor people I know have 2 or 3 jobs.

Pick any laborer off of the street and they know more about hard work than this woman.


MOTHERFARKING THIS.

You know where people learn a real work ethic, biatch? When they're pregnant, seventeen, and Mom and Dad stopped fighting long enough to let them know they're getting kicked out next week when they turn eighteen.

And that never stops. If you don't get the chance to go to college, you end up the working poor. And that's your life. Don't you dare spit on it, because people just like you helped create it.
2012-08-30 01:38:04 PM
1 votes:

impaler: I would inherit a mining company in Australia in the 90s, immediately prior to a mining boom there in the 2000s.


And refuse to give your children their share of the family trust.
2012-08-30 01:36:14 PM
1 votes:

BgJonson79: Because she made 20,000x more money than what she started off with


How much did she start off with? Where are you getting this number?

She received, as part of a trust, a share of a mining empire. The empire's value doubled in the last year alone, due to completely external reasons. Her current wealth includes all of the money that should (by terms of the trust) have passed on to her children, but she is fighting them in court to prevent them from receiving their share, which was between a quarter and a fifth of "her" overall worth prior to the aforementioned doubling.

You're talking out of your ass. You have zero evidence that she did anything other than inherit a fortune. Except perhaps that she's also a greedy beast who won't allow her children the same access to the family trust that got her rich in the first place.
2012-08-30 01:16:58 PM
1 votes:
img339.imageshack.us
2012-08-30 01:16:05 PM
1 votes:

BgJonson79: So, let's say the interest alone makes it worth 20x as much. Isn't that three orders of magnitude LESS than what she turned her investment into?


What is your evidence that she did anything other than sit on her share of the empire she inherited and just let her accountants roll any interest/dividends/profits back over?

What is your evidence that she did anything herself, that required either intelligence, hard work, or any other positive attribute other than her birth, that her increase in wealth came from something other than the increase in value in the empire she inherited due to external forces?
2012-08-30 01:11:54 PM
1 votes:

BgJonson79: Lionel Mandrake: BgJonson79: Lionel Mandrake: The Stealth Hippopotamus: I dont care what you say about this lady she was handed she built on it. She is a success.

Give me a shiat-ton of money and I guaran-farkin-tee I'll turn it into more money.

Thousands of times as much? Cause I'll send $10 right now if you can turn it into $30k.

$10 is a shiat-ton of money?

But we're dealing with percentages here. Let's say she turned $2,000,000 into $20,000,000,000. That's a 20,000x increase. I don't care who you are and what you start off with, if you can get a 20,000x ROI, someone will invest a crapton of money with you!


Ever heard the saying "You've gotta have money to make money"?

Not technically true of course, but it's an lot easier to make a lot of money into more than make a lot out of a little.

And we're not talking about percentages (at least I never was). I'm talking about making a lot of money into more money.
2012-08-30 01:10:43 PM
1 votes:

Loadmaster: Her point is that hard work is a good thing, and that sloth and living off the dole are bad things. And she's correct.


Also exercise it good, as well as eating healthy.

Other good things include kittens, puppies and rainbows.

Now if she has something to say that people don't already know...
2012-08-30 01:09:01 PM
1 votes:

kgf: If you're jealous of those with more money, don't just sit there and complain; do something to make more money yourself - spend less time drinking, or smoking and socialising, and more time working

This is the basic underlying premise of the American Lie. The truth is hard work alone will not make most people wealthy. It takes extraordinary luck and connections. For every poor-guy-made-it-big story there are 100,000 poor-guy-is-still-poor stories.


Because most people don't have the talents and ability necessary. It sucks, but it's true.
2012-08-30 01:00:29 PM
1 votes:

SweetBluebonnet: It's a crime obviously to be successful in the liberal world. Does being on food stamps and welfare make you a winner? According to Obama it does.


0.1/10
2012-08-30 12:56:25 PM
1 votes:

vpb: Cythraul: shadownick: Cythraul: When a millionaire/billionaire

Also keep in mind that people who are not born in wealth but become wealthy are usually slaves to their jobs I've met a few people like this. "Workaholic" would be a kind word to describe their work ethic. After seeing the sacrifices these kinds make in order to get more wealth, I sometimes wonder if it isn't better to try and eek out a living off of a modest middle class life than to try and become a rags-to-riches millionaire.

That is true sometimes, but usually those people have more sympathy with people who aren't wealthy because they didn't just have it fall into their laps. The problem is that they have an obsessive compulsive disorder, and have an unhealthy obsession with grasping at money. Also, expending effort isn't the same thing as "work" unless you think of work as something other than productive labor.

Most people have a more balanced outlook on life and just want to have a comfortable middle class life. They aren't jealous of the uber wealthy, the problem is that you can't really benefit from working harder if you are in the middle class because someone else decides what your labor is worth.

In our economic system, unless you have a strong union you are either rich or cheap labor. There simply isn't any provision for someone who wants to work hard for 40 or so hours and then live a normal life spending time with their family

The reason that the executives of corporations make hundreds of times what the employees make is that they are in a position to determine what labor is worth. As much as possible for themselves and as little as possible for the people who actually produce things.


Except, an executive's job isn't to produce "things" as much as it's their job to create shareholder value. Until we change fiduciary duty, we'll keep heading back towards feudalism. It also doesn't help that the overwhelming majority of people don't really have the skills needed to compete in the modern global economy, and have basically become serfs. Unless one has a STEM degree from a tier 1 school or equivalent, they're pretty much SOL.
2012-08-30 12:54:50 PM
1 votes:
Despite all the vitriol in this thread, she has a valid point.

Sure, she inherited millions. But she worked hard and turned in into billions.

Her point is that hard work is a good thing, and that sloth and living off the dole are bad things. And she's correct.

But to be completely fair, she missed the obvious fact that hard work alone is not enough to make you fabulously wealthy. It takes having a good marketable idea that's worth money in order to become a millionaire/billionaire.
2012-08-30 12:42:17 PM
1 votes:
Took this long?
Billionaires, Politicians.. same thing.

t0.gstatic.com 

Bullworth: Isn't that OBVIOUS? You got half your kids are out of work and the other half are in jail. Do you see ANY Democrat doing anything about it? Certainly not me! So what're you gonna do, vote Republican? Come on! Come on, you're not gonna vote Republican! Let's call a spade a spade!
[Loud, angry booing]

Bullworth: I mean - come on! You can have a Billion Man March! If you don't put down that malt liquor and chicken wings, and get behind someone other than a running back who stabs his wife, you're NEVER gonna get rid of somebody like me!

http://www.imdb.com/title/tt0118798/quotes?qt=qt0144749
2012-08-30 12:40:38 PM
1 votes:

T.M.S.: All but one billionaire I know started with nothing. All but one of them made their money in television.

I advise working in television.


"Plastics"
richgee.com
GBB [TotalFark]
2012-08-30 12:38:31 PM
1 votes:

dittybopper: It's kind of like a natural born Olympic level athlete telling the rest of us to exercise more. Sure, we'll never swim like Michael Phelps or run like Usain Bolt, but that doesn't mean that regular exercise won't make us more healthy.

...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...


Just like your Olympian analogy, not everyone is cut out to be a financial genius or business mogul. The problem is that not everyone is a strong player in the Game of Money. But, it's a game that we are all forced to play. And just like a weak kid getting bullied on the playground, the rich continually grab the poor's arm and slap them in the face with their own hand while chastizing them to "stop hitting yourself".
2012-08-30 12:36:41 PM
1 votes:

vernonFL: Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance into a mining empire now worth more than $20 billion, blames anti-business and socialist policies for hurting the poor.

What is this? I don't even...


I get your point, she didn't earn the multi-million dollar inheritance.

HOWEVER, in all fairness, she did turn a few million into a mining empire worth more than $20 billion. That didn't happen in a void.

The reality is you cannot become rich by working a ten or fifteen dollar an hour job, and then blowing your extra money on smoking, drinking.

If you want to improve your station, work hard, live frugally, save your money and take a calculated risk and open your own business. It is not a guarantee that you will become a millionaire, but it is a guarantee that you have a much improved chance of improving your life compared to doing nothing.
2012-08-30 12:33:08 PM
1 votes:

dittybopper: Doesn't mean the advice is bad.


It does mean the advice is a worthless generalization. I don't smoke, don't drink, and never socialize (though I do speak to my wife). All I do is work. All day, every day, every evening. And I'm not a billionaire. I'll bet I work harder than Ms. Rinehart. What am I to do with her advice?
2012-08-30 12:29:42 PM
1 votes:

MycroftHolmes: So, you are saying that the principle of deferred gratification, hard work, and focus are not portable concepts? That she can't offer advice except to people with exactly the same situation?


*facepalm.jpg*

In her regular column in a mining industry magazine, the controversial magnate says billionaires and millionaires are doing more than anyone to help the poor by investing their money and creating jobs.

Corporate profits up, yet so is unemployment.
2012-08-30 12:29:18 PM
1 votes:

Thunderpipes: 94% of America's millionaires are first generation, self made. But you knew that.


It's pretty high, but not that high. Try 80%. (Actual citation, vs. pulling a number out of my butt.)
2012-08-30 12:29:01 PM
1 votes:

HotWingConspiracy: Debeo Summa Credo: vpb: dittybopper: TsarTom: ...after parlaying a multi-million dollar inheritance...

The problem isn't that the poor want to be poor. They don't, obviously. It's that they don't generally have the financ ...

It's nothing to do with the long term poor, she is talking about the middle class. The people who do the actual work that makes people like her rich.

She might actually do some work, but that's not where here money comes from, she simply inherited a company which gives her the right to take whatever the employees of the company produce and give them as little as she can get away with.

I have never understood why someone would be able to inherit an organization anyway, like it was a piece of furniture or something. It's almost like the feudal system where nobles inherit a manor and get to take a big share of what the serfs produce, simply because of birth.

Youre looking at it from the wrong angle. Why shouldn't the person who built the organization be able to do whatever he/she wants with it?

If I am smart/lucky/hard working enough to build a business worth $100m/$2m/150k or whatever, why shouldn't I be able to give it to my lazy stupid son? Sure, he didn't do anything to deserve it but I did and want it to go to him.

Dynastic wealth has no place in a democracy.

In any event, go ahead and give it to him. He gets taxed on his new income. Sounds fair to me.


Asset confiscation has no place in a democracy either.

But yeah I'm okay with treating inheritances as income, quite honestly. Not so much just to take from the rich, but because we need revenue.

Okay to do it to all inheritances I assume? You inherit your folks' $150k house that's taxable income to you for that year, ok?After all, if it's income to a rich deadbeat son it would be income to you, no?
2012-08-30 12:14:59 PM
1 votes:

impaler: MycroftHolmes: You are right, building up your network 100x is easy, and just because she started with something, she doesn't know anything about the benefits of hard work and perseverance.

We can say for certain she has no idea how to build up your net worth 100X if you already don't have millions of dollars. Her advice is useless to anyone that doesn't have millions of dollars.


So, you are saying that the principle of deferred gratification, hard work, and focus are not portable concepts? That she can't offer advice except to people with exactly the same situation?

It is funny, because we see pro and Olympic athletes all the time doing public service announcements about the value of exercise. They are so freakin' stupid, because since I was not born with their genetic gifts, they don't know anything about the value of exercise, or discipline, or focus.
2012-08-30 12:13:37 PM
1 votes:
"parlaying a multi-million dollar inheritance" isn't hard work.

"If you have a hundred dollars and want to make it a hundred and ten, that's work. If you have a hundred million dollars and want to make it a hundred and ten million, that's inevitable" (source unknown)
2012-08-30 12:12:01 PM
1 votes:

MycroftHolmes: Can you even remotely back this up?


You could do a little looking around. There are people who are making a shiat-ton of money, and with extremely few exceptions they are doing very little 'real work' themselves. They are moving around money made by people who are doing 'real work', and those workers aren't really going anywhere.
vpb [TotalFark]
2012-08-30 12:09:02 PM
1 votes:

impaler: What if I'm not jealous of those with more money, and just want the arsholes that are super rich to stop farking everyone over?


No, you have to be rich or lazy. Just being a normal person who works for a living isn't something that wealthy people can get their heads around.
2012-08-30 12:08:30 PM
1 votes:

Carousel Beast: vpb: That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.

Are you willfully ignorant, or just inherently stupid?


The numbers for financial upward mobility say he's pretty right. Americans are working just as hard as they've ever been, and it's getting them nowhere.
2012-08-30 12:07:40 PM
1 votes:

TsarTom: ...after parlaying a multi-million dollar inheritance...

Yeah... Shut up.


Exactly. NO ONE is allowed to become a millionaire these days unless the OTHER millionaires allow him/her to enter their ranks, or they inherit a huge sack of money from their dead parents.

Warren Buffet would STILL be bagging groceries if he was born fourty years later than he was.
2012-08-30 12:07:07 PM
1 votes:

MycroftHolmes: You are right, building up your network 100x is easy, and just because she started with something, she doesn't know anything about the benefits of hard work and perseverance.


We can say for certain she has no idea how to build up your net worth 100X if you already don't have millions of dollars. Her advice is useless to anyone that doesn't have millions of dollars.
2012-08-30 12:03:20 PM
1 votes:

vudukungfu: The nicest millionaires I know don't talk much at all. You wouldn't know they are loaded, either. They don't roll the poor.


That's really the difference between old money and new money, right there. Folks who got rich by their own hard work are often very humble and such. those who inherited the money feel more entitled and elitist about it.

I've known a few multimillionaires who are self made, hell I work for one. Both are the nicest guys you'd ever meet.
2012-08-30 12:02:51 PM
1 votes:

Visionmn2: Someone else replied similarly - this is not a loan I was offering. Once a person has a position after getting an associates they need money to float them until their first paycheck. This is being offered as float money and without payback. The help has also been solicited via normal conversations. There is no high and mighty involved, not a handout like situation, and these people have been friends. I have been fortunate enough to live in a car down by the river and scratch my way up. I was given similar means and assistance and did something with it. Just paying it forward so to speak.


It's your money, you do what you want, but anyone would be suspicious that payback will be required at some point in time. You know how the mafia gets people "on side"? They do them a favor first. I'm sure that's not what you have in mind, but the adage "there's no such thing as a free lunch" resonates with people who have some experience of the world.
2012-08-30 11:58:58 AM
1 votes:
Oh look, another biatch who was born on third base and thinks she hit a triple.
vpb [TotalFark]
2012-08-30 11:57:07 AM
1 votes:

Carousel Beast: vpb: That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.

Are you willfully ignorant, or just inherently stupid?


Is this the "paint your opponent with your weakness thing?

Are you really stupid enough to think anyone ever got rich by working hard, or are you stupid enough to think that the financial shenanigans, fraud and similar things that actually make people rich are "work"?
2012-08-30 11:53:21 AM
1 votes:
So someone who didn't work for her money is telling me I need to work harder to get money?
Go fark yourself, fatty.
2012-08-30 11:52:51 AM
1 votes:
Yeah, you lazy assholes. Inherit millions of dollars. It's easy. All you have to do is make sure you slide out of the right vagina.
2012-08-30 11:50:48 AM
1 votes:
jayhawk88
.....Which is really why everyone is pissed off at rich people; not because we're "jealous".


Headso
Like Ann Romney talking about how hard her and Mitt had it in the early days when they could only borrow tens of thousands of dollars from their parents... Life is so hard and they made it all on their own.

Orgasmatron138
Yeah, people, you all should have spent more time being born into wealthy families.

orclover
Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance into a mining empire now worth more than $20 billion, blames anti-business and socialist policies for hurting the poor.

Some days I wish I could get my hands on gods throat.


Definitely not because of jealousy. definitely.
2012-08-30 11:48:15 AM
1 votes:

Martian_Astronomer: There is a big difference between "Hard work makes you rich" and "Hard work makes you more likely to get rich."


So, luck makes you rich. Perhaps by being born to a family that's got money coming out the wazoo.
2012-08-30 11:48:15 AM
1 votes:

fireclown: cig-mkr: 1) You will never get rich working for someone else
2) You can't get rich by spending every dime you make on toys
3) You have to make your money work for you
4) Be frugal, but always buy the best you can afford
5) Set goals and stay the course to achieve those goals
6) Invest in the long term, (never met a rich day trader)


I'm not sure about 1). I've met a lot of six figure folks who work for the man.

For grist, I'm a big fan of the Dave Ramsey plan. I know it gets a little Jesus-y from time to time, but I worked the plan for a few years in a secular way and it did wonders. No credit card debt, no car debt, and I have a cash fund ready to blow on a car when my trusty '02 Prius dies. Get yo' backside out of debt pronto.


I've known six figure men too, had money, toys, and ate well but lacked the one thing to make it good: Time
2012-08-30 11:35:41 AM
1 votes:

ringersol: It's telling that the anti-tax, anti-regulation types all assume the core motivation behind regulations, taxes and commonwealth services is jealousy of others' wealth.
Not, ya know, *history* and the fact that having these things has been better for everyone than not having them.


How much tax? How much regulation? No reasonable person would want to do away with all taxes or all regulation, just like no reasonable person would advocate a 95% income tax rate. There is an optimal line and reasonable people can differ about where that line ought to be.
2012-08-30 11:35:35 AM
1 votes:

orclover: Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance into a mining empire now worth more than $20 billion, blames anti-business and socialist policies for hurting the poor.

Some days I wish I could get my hands on gods throat.


There are some churches that actually tell people they're poor because they're not Christian enough. Ya rly.
2012-08-30 11:33:20 AM
1 votes:
Man, that is one ugly chick. You think she'd be all about getting the guys drunker...

/not enough liquor in the world.
2012-08-30 11:26:25 AM
1 votes:

cig-mkr: 1) You will never get rich working for someone else
2) You can't get rich by spending every dime you make on toys
3) You have to make your money work for you
4) Be frugal, but always buy the best you can afford
5) Set goals and stay the course to achieve those goals
6) Invest in the long term, (never met a rich day trader)


When does your book come out?
2012-08-30 11:21:53 AM
1 votes:

vpb: That's comical. No one gets rich from hard work. You can inherit it, you can steal it, you can exploit flaws in the financial system, you can get lucky in the stock market (assuming you have a lot of money to invest in the first place), win the lottery etc. Working won't do it for you, working makes other people rich.

Besides, it is interesting to me that the wealthy people who think this way are almost always people who inherited their money. People like Warren Buffett seem to have more of a grasp of reality, since they actually had to do something to make their money.


Are you willfully ignorant, or just inherently stupid?
2012-08-30 11:21:12 AM
1 votes:
If the French Revolution comes back into fashion, I'll be at the front of the thronging mob that heads into her ivory tower to drag her bloated, selfish fat ass down to the street to be pelted with trash and small blunt objects before being beheaded on live CNN.
2012-08-30 11:21:09 AM
1 votes:
'Obvious' tag, subby?

'Hero' tag is more appropriate.
2012-08-30 11:20:58 AM
1 votes:

LockeOak: Fark != kickstarter


I agree. Kickstarter is where I ask for money for my retarded project. What I did was ask for a retarded project on which to spend my money.
2012-08-30 11:18:03 AM
1 votes:

fireclown: Probably something to that, even though the messenger might be less than ideal.

What the hell. OK FARK, lets brainstorm. I'm willing to blow $500 on a startup. It has to be something that I can do while still working full time. Gimme your ideas.


Fark != kickstarter
2012-08-30 11:17:08 AM
1 votes:

Headso: Like Ann Romney talking about how hard her and Mitt had it in the early days when they could only borrow tens of thousands of dollars from their parents... Life is so hard and they made it all on their own.


Didn't they also have his millions of dollars in stock options to make ends meet? My heart just farking bleeds!
2012-08-30 11:13:33 AM
1 votes:
Probably something to that, even though the messenger might be less than ideal.

What the hell. OK FARK, lets brainstorm. I'm willing to blow $500 on a startup. It has to be something that I can do while still working full time. Gimme your ideas.
2012-08-30 11:12:18 AM
1 votes:

Cythraul: When a millionaire/billionaire suggests that you need to be willing to 'work hard' in order to attain their level of wealth, what they really mean to say is 'have business ambition that is unwavering and single-minded, and sometimes ruthless.' Because that's what it seems to take for a person not born in wealth to gain a higher class in American society. Otherwise, any landscaper, nurse, janitor worker, strawberry picker would be a millionaire from all their hard work.


This, absolutely this. Most wealthy people I know started with nothing, but clawed their way up with somewhat ruthless ambition, and now are very wealthy indeed. Have another buddy who started 15 years ago as help desk support and worked his way up to being considered for VP for some technology related stuff at the Fortune 500 he started at. It's all about who you know, having good judgement on when its time to shift jobs, and be willing to take a few risks here and there.
2012-08-30 11:07:35 AM
1 votes:
How many of you are at work right now?
That helps explain it.
2012-08-30 11:07:30 AM
1 votes:
Mrs Rinehart, who has seen her fortunes rise after parlaying a multi-million dollar inheritance into a mining empire now worth more than $20 billion, blames anti-business and socialist policies for hurting the poor.

What is this? I don't even...
2012-08-30 10:38:21 AM
1 votes:
img191.imageshack.us

"You.. can be a millionaire billionaire.. and never pay taxes! You can be a millionaire billionaire.. and never pay taxes!

You say.. "Steve.. how can I be a millionaire billionaire.. and never pay taxes?" First.. get a million dollars.

Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?"

Two simple words. Two simple words in the English language: "I forgot!"
2012-08-30 09:01:52 AM
1 votes:
Really? It's that easy?! Well then, I'll get right to it!
 
Displayed 149 of 149 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »





Report