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(Huffington Post)   Americans are still #1 at something: creating super-wealthy people. USA USA USA   (huffingtonpost.com) divider line 101
    More: Sad, United States, company, Americans, H.J. Heinz Co., aging-associated diseases, Hawaiian Airlines, LVMH, Daniel Ortega  
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2518 clicks; posted to Main » on 18 Oct 2013 at 8:51 AM (25 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-18 09:44:51 AM

RightToWork: In the United States, it is entirely commonplace for your average middle-class family to have a house with a big yard, multiple cars, air conditioning, and all the latest gadgets like iPhones and gaming consoles for the kids. But because a CEO somewhere is making XX times the median income, our rage should burn with the fire of a thousand suns, and the progressive crusaders would have us scrap the American experiment to become another Europe with high taxes and high regulations. Then we can all enjoy our 3-euro bottled water from our tiny apartments and ride our vespas to work every day, but at least we'll have had the satisfaction of exacting vengeance upon those damn rich people who ran the companies that provided us with our unmatched purchasing power and services.


two things, bottled water is unnecessary in most parts of this country, as tap water is as clean if not cleaner than bottled.

and secondly, it's not that progressives hate wealthy, they hate inherited wealth. There's nothing to applaud when you inherit millions because your parents knew how to be business people. If you work your ass off to get where you are, progressives will hold you up as an example of what we can all be. Name 1 rich person that progressives hate that didn't work for their wealth and hasn't tried to rig the system to maintain their wealth without doing any actual work.
 
2013-10-18 09:46:47 AM

Lady J: vpb: RightToWork: We're also better at providing the vast majority of our population with a standard of living and purchasing power unseen in the rest of the world, with the exception of a few tiny homogenous European countries with draconian immigration policies that make them essentially gated communities for wealthy white people.

Except that their immigration policies are much laxer than ours?  Where did you even get that?

well yes. there's this thing called the EU...


That's like calling moving from state to state "immigration". Under the concept of how the nation was founded, you could do that without stretching the term to its breaking point, but it's a pointless endeavor.
 
2013-10-18 09:51:36 AM

RightToWork: In the United States, it is entirely commonplace for your average middle-class family to have a house with a big yard, multiple cars, air conditioning, and all the latest gadgets like iPhones and gaming consoles for the kids. But because a CEO somewhere is making XX times the median income, our rage should burn with the fire of a thousand suns, and the progressive crusaders would have us scrap the American experiment to become another Europe with high taxes and high regulations. Then we can all enjoy our 3-euro bottled water from our tiny apartments and ride our vespas to work every day, but at least we'll have had the satisfaction of exacting vengeance upon those damn rich people who ran the companies that provided us with our unmatched purchasing power and services.


And don't forget that those rich now have a major 'news' station feeding the crazy people and getting them to turn on other middle class people so the rich can get crazy legislation passed to lower their already low taxes and remove any regulations. This in addition to their increasing ability to bribe our politicians and judges. They plot to do away with safety nets while chiseling away at the meager retirement benefits we have.

Your middle class is under attack. Where do your think all this money is coming from?
 
2013-10-18 09:53:08 AM

Carn: RightToWork: In the United States, it is entirely commonplace for your average middle-class family to have a house with a big yard, multiple cars, air conditioning, and all the latest gadgets like iPhones and gaming consoles for the kids. But because a CEO somewhere is making XX times the median income, our rage should burn with the fire of a thousand suns, and the progressive crusaders would have us scrap the American experiment to become another Europe with high taxes and high regulations. Then we can all enjoy our 3-euro bottled water from our tiny apartments and ride our vespas to work every day, but at least we'll have had the satisfaction of exacting vengeance upon those damn rich people who ran the companies that provided us with our unmatched purchasing power and services.

Middle class wages have been stagnant for 30 years.


When adjusted for inflation.
 
2013-10-18 09:56:00 AM

Lady J: you are an idiot who talks rubbish. about your own country and others


Excellent argument. You've totally convinced me. Well done!

Carn: Middle class wages have been stagnant for 30 years.


That's a highly debatable claim - lots of factors involved there, such as big changes in what constitutes a household, and so on. But even assuming its true, wages are not the same as standard of living and purchasing power has greatly increased over that period. Food is better and cheaper than it was in 1980. Products are in a totally different category of utility and efficiency. Nobody in the U.S. would choose to go back to 1980 and live in that world if given the choice, so if your life keeps getting better and better, what difference does it make what your nominal wage is compared to some rich person?
 
2013-10-18 10:07:33 AM
Can someone please tell me where the "high taxes" argument comes from when people talk about Europe?  Looking at costs/taxes from NY/NJ + adding in costs for healthcare, European taxes appear to be lower.   I'm hoping someone who has worked in both places can chime in.
 
2013-10-18 10:08:10 AM

generallyso: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

It's old data but your wish is granted.
Each year, Forbes Magazine releases its round-up of the four hundred wealthiest individuals and families in the United States...

We examined both 1995 and recently released information about the 1996 Forbes list. The average of 1995 and 1996 results indicate that:
30.1% Started in the Batters Box -- includes individuals and families whose parents did not have great wealth or own a business with more than a few employees.
13.9% Born on First Base -- includes individuals whose biographies showed signs of a wealthy or upper class background, but did not apparently have assets of more than $1 million.
5.75% Born on Second Base -- members inherited a small company or wealth worth more than $1 million, but less than $50 million.
6.85% Born on Third Base -- includes people who inherited substantial wealth, in excess of $50 million, but not enough to qualify for membership in the Forbes 400.
43.35% Born on Home Plate -- includes those who inherited sufficient wealth to rank among Forbes 400.


To me that is just sad. More than half started out with more than one million dollars in assets.  Thanks for posting that.
 
2013-10-18 10:17:11 AM

Amish Tech Support: To me that is just sad. More than half started out with more than one million dollars in assets. Thanks for posting that.


Not exactly a glass-half-full type of person, are you? Those statistics indicate that nearly half of the wealthiest 400 people in the United States started out not being wealthy, and you think that indicates some kind of institutionalized classist failure because the percentage isn't higher? Those numbers in themselves are remarkable compared with the rest of the world and nearly all of prior recorded human history.
 
2013-10-18 10:18:02 AM

Amish Tech Support: To me that is just sad. More than half started out with more than one million dollars in assets. Thanks for posting that.


I would bet that this is the lowest present of any culture in the history of man kind.  My reading of history is that most all wealth was possessed by a few at the top, until America came along and got rid of it's royalty.  Socialist systems generally have the exact opposite affect.  It concentrates power into the hands a few officials who decide who gets the wealth of a society.  These people then redistribute that wealth into the hands of their friends and family.  It is no wonder as the democrats and more specifically Obama has gained in power the divide between the wealth and poor has widened.
 
2013-10-18 10:33:11 AM
Sad tag? Seriously? Only on Fark...

By the way, all the leaders you worship as the second coming of Christ? Filthy rich.
 
2013-10-18 10:34:19 AM

RightToWork: Lady J: you are an idiot who talks rubbish. about your own country and others

Excellent argument. You've totally convinced me. Well done!

Carn: Middle class wages have been stagnant for 30 years.

That's a highly debatable claim - lots of factors involved there, such as big changes in what constitutes a household, and so on. But even assuming its true, wages are not the same as standard of living and purchasing power has greatly increased over that period. Food is better and cheaper than it was in 1980. Products are in a totally different category of utility and efficiency. Nobody in the U.S. would choose to go back to 1980 and live in that world if given the choice, so if your life keeps getting better and better, what difference does it make what your nominal wage is compared to some rich person?


I would go live in the 80s.  I'd take my iPod and phone with me and leave them sitting around, just to fark with everyone.
 
2013-10-18 10:39:03 AM

Sean M: Can someone please tell me where the "high taxes" argument comes from when people talk about Europe?  Looking at costs/taxes from NY/NJ + adding in costs for healthcare, European taxes appear to be lower.   I'm hoping someone who has worked in both places can chime in.


Depends where you are. Scandinavian countries have extremely high taxation on salaries and most European countries have high sales* taxes. However, there are other variables which substantially impact purchasing power.

Giving the UK as an example, since I've recently done a UK and US tax return, on the salary subject to US taxation (my wife is a US citizen) the increased cost in salary related taxation (on a $350k salary paid under the UK PAYE system) was $8000 per annum. However, as we pay no property ownership taxes as the UK taxes on occupancy (1/5th our US property taxes) and only $500 per annum in healthcare costs in addition to those paid through salary taxation we are around $5000 per annum better off in the UK in direct taxation terms.

There is a substantial difference in purchasing power. One pound sterling in the UK buys approximately the same goods as one US dollar in the US, with a current exchange rate of 1.6 dollars to the pound.

Hope that's somewhat clear? In our case we're worse off living in the UK, but it's nothing to do with tax.

*technically value added taxes, which aren't quite the same thing, but it makes no difference to the consumer
 
Ant
2013-10-18 11:03:00 AM
When wealth is concentrated in a small percentage of the population, power is also concentrated in the same small percentage of the population. How is this a good thing?

"But our poor people are rich compared to the third world poor!!!"

So farking what?
 
2013-10-18 11:06:05 AM

Ant: When wealth is concentrated in a small percentage of the population, power is also concentrated in the same small percentage of the population. How is this a good thing?

"But our poor people are rich compared to the third world poor!!!"

So farking what?


So destroying the system that creates a lower class that has a higher quality of life than 99% of the world, TO INCLUDE "1st world" nations, tends to have the opposite effect than intended.
 
2013-10-18 11:10:20 AM

Yogimus: So destroying the system that creates a lower class that has a higher quality of life than 99% of the world, TO INCLUDE "1st world" nations, tends to have the opposite effect than intended.


I'm not arguing in favour of destroying the existing system (but, then, neither is almost anyone else) but if we include access to education and healthcare, as well as hours worked, are you absolutely sure that the US's poor has a higher quality of life? What about the risk of being a victim of violent crime? This isn't as easy a question as 'poor people in the US can afford cars', given that cars are essential to being a part of the workforce in a way they simply aren't in many first world countries.
 
vpb [TotalFark]
2013-10-18 11:10:43 AM

somedude210: vpb: Except that their immigration policies are much laxer than ours? Where did you even get that?

you have no idea what "draconian" or "homogenous" means, do you?


Yes, but apparently you don't if you think either one applies to Western European immigration policy.
 
2013-10-18 11:18:16 AM

Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.


I am a self made millionaire from humble beginnings. Nice to meet you.
 
2013-10-18 11:18:44 AM

MonoChango: I would bet that this is the lowest present of any culture in the history of man kind.


1940-1979 called to tell you to pay up.

MonoChango: It is no wonder as the democrats and more specifically Obama has gained in power the divide between the wealth and poor has widened.


I'd blame asinine tax policies, but only because you've already brought the poeslaw to the Fark picnic.
 
vpb [TotalFark]
2013-10-18 11:19:03 AM

RightToWork: vpb: Except that their immigration policies are much laxer than ours? Where did you even get that?

The difference is they actually enforce theirs, kids don't automatically become citizens if born on their soil, and they don't have Supreme Court decisions requiring that anyone who sneaks into their countries illegally is entitled to government benefits like free education, food, and healthcare.


You don't have even the slightest idea what you are talking about do you?  Illegal immigrants in the US aren't even eligable for our meager benefits such as SNAP or Obamacare.

Asylum seekers in Germany are entitled to receive the same level of benefits as the country's welfare recipients, the Constitutional Court ruled
 
2013-10-18 11:19:14 AM

Sean M: Can someone please tell me where the "high taxes" argument comes from when people talk about Europe?  Looking at costs/taxes from NY/NJ + adding in costs for healthcare, European taxes appear to be lower.   I'm hoping someone who has worked in both places can chime in.


there is a cohort of americans (not just americans in fairness) who really despise europe. they're fond of this tax claim., and also that everything's really expensive. I did a little cost of living comparison on here once which a few people contributed to, and aside from petrol most things bascally cost the same. apparently also europe is an incredibly restictive, nanny state society. maybe it's because we're not allowed to own guns

/pro tip: we don't want to
//and because jesus isnt in charge here. it's actually less restrictive, in practice
 
2013-10-18 11:19:47 AM

Dinki: Which is better for society- one person with 2 billion in wealth, or 100 people with 20 million each? Which scenario puts more money into society? Which is better? One person making $200 million a year, or 100 people making $2 million a year? Which scenario helps grow the economy better? And if spreading he wealth around is beneficial for society, then logically concentrating wealth in the hands of fewer people is detrimental to society.

And finally for all those that think limiting incomes is a bad thing- Is there any person on the planet that could not live a life of incredible luxury on $2 million a year? What can't-live-without necessity would a person making $2 million a year have to do without?

We are become France of the 18 century. not a good thing.


I mean no disrespect, but in all honesty, you are a fool.
 
2013-10-18 11:20:32 AM

8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

I am a self made millionaire from humble beginnings. Nice to meet you.


*looks at fark handle, snickers*

Riiiiiiiiiiiight.

/In before Amish Tech Support tells you to "meat" yourself?
 
2013-10-18 11:23:39 AM
This is not possible. I have been told countless times by Fox News and Republicans that the U.S. is not only bad for the wealthy, but it's also so bad that wealthy people might leave the U.S. for better rich people utopias around the world.

It's a hard life for the rich, or so I hear.
 
2013-10-18 11:23:57 AM

8 inches: I mean no disrespect, but in all honesty, you are a fool.


Good Retort! Your cogent and persuasive argument has totally convinced me! We need even greater wealth disparity, since that has been shown throughout history to be the necessary component of a stable and healthy society!
 
2013-10-18 11:31:40 AM
This gets a sad tag?  Way to be butt-hurt fark.
 
2013-10-18 11:39:39 AM

somedude210: MycroftHolmes: In other words, would our incomes be that different if the US economy had the same amount of capital, but it was just distributed differently?

yes, because when you have the concentration of wealth to one subset of society, you lose the transfer of wealth within the economy and that subset of society starts hording the wealth. Without movement, you have a stagnant economy and nothing improves for anyone. The rich just keep acruing more wealth, the poor living paycheck by paycheck


So, if the wealth was invested in the economy and noot stagnant, than it shouldn't matter, correct?

I mean if Joe Billionaire has his money in a vault, I can see it affecting the average man.  But if Joe Billionaire's wealth is invested in operating business unit, and he is essentially a paper billionaire (which i believe is usually the case), would that impact middle class wages negatively?
 
2013-10-18 11:47:28 AM

Ant: When wealth is concentrated in a small percentage of the population, power is also concentrated in the same small percentage of the population. How is this a good thing?

"But our poor people are rich compared to the third world poor!!!"

So farking what?


Don't you see? When there are people with worse problems out there, you can never talk about how bad it currently is for you.

Therefore, you can't complain about about being hungry because someone else died of starvation. Don't complain about being overworked and underpaid because slavery exists. Don't argue for safety regulations because Chinese children die in sweatshops. Don't cry out for stubbing your toe, because some people don't have legs. Don't complain about unfair treatment because other countries just shoot their citizens.

It's like the slippery slope argument in reverse.
 
2013-10-18 11:54:46 AM

RightToWork: But because a CEO somewhere is making XX times the median income, our rage should burn with the fire of a thousand suns, and the progressive crusaders would have us scrap the American experiment to become another Europe with high taxes and high regulations.


FAIL. If you worked for it, progressives applaud you.
If you stole it through bribery, influence, or other underhanded means, fark you.
A good example of the first is Mark Zuckerberg, who took an idea for social media and became insanely rich.
A good example of the second are the Koch brothers, who use their money to bribe politicians (they call it "lobbying" and "campaign contributions") to change the laws so that they can make even more money.
Unfortunately there are too many of the second and not enough of the first.
 
2013-10-18 11:57:33 AM
sethen320:

I would go live in the 80s.  I'd take my iPod and phone with me and leave them sitting around, just to fark with everyone.

Have you seen http://www.behance.net/Gallery/ALT1977-WE-ARE-NOT-TIME-TRAVELERS/54522 1">http://www.behance.net/Gallery/ALT1977-WE-ARE-NOT-TIME-TRAVELERS/5 4522 1
 
2013-10-18 12:06:02 PM

hitlersbrain: Louisiana_Sitar_Club: "But they're boot strappy!"
"I want their heads on pikes!"
Did I forget anything?

Yes... 'I'm so clever but have nothing to contribute'
/that's you


Oh yeah, thanks.


I'm so clever but have nothing to contribute.
 
2013-10-18 12:27:58 PM

8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

I am a self made millionaire from humble beginnings. Nice to meet you.


Really? Wow! That's fantastic! Well I'm a prince from Nigeria and boy do I have an offer for you!
Let me shoot you an email!
 
2013-10-18 12:44:12 PM
Most of their millionaires are Canadian hockey players and entertainment people who have usa canada dual citizenship. Its inflated with Canadians
 
2013-10-18 12:55:55 PM

Lady J: I did a little cost of living comparison on here once which a few people contributed to, and aside from petrol most things bascally cost the same.


This I strongly dispute. Major expenditure items aren't much different (eg televisions, refrigerators), but clothing (although the quality is often much lower in the US) and, in particular, food are considerably more costly in the UK.
 
2013-10-18 01:11:14 PM

MycroftHolmes: But if Joe Billionaire's wealth is invested in operating business unit, and he is essentially a paper billionaire (which i believe is usually the case), would that impact middle class wages negatively?


Yes. Most of this wealth is stock value. Stock rises through increases in corporate profitability. Profitability commonly, although of course not exclusively, rises through reduction in cost base. Amongst the ways the cost base can be reduced are off-shoring jobs, reducing vacation and benefits entitlement, and allowing wages to stagnate, each of which negatively impacts the capacity of middle class people to maintain their lifestyle while enriching those who hold equity.

This isn't entirely a one way street, of course, as you don't want your 401k to be invested in underperforming stocks.
 
2013-10-18 01:30:19 PM
BOOOO!  SUCCESS!  Success is for losers.
 
2013-10-18 01:32:57 PM

Amish Tech Support: 8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.


My grandfather was an Italian immigrant who owned a vegetable stand.  My father made hundreds of millions by being really smart and working really farking hard.  There are no statistics for your point, because it's idiotic.
 
2013-10-18 01:52:49 PM
I will probably be torn apart by the trolls for this:

Our "class" is not frozen. Poverty is not impossible to get out of it. I admit, I have been very lucky and needed help to do so. But I don't believe anyone who tells me they can't do it.

I was a welfare baby of a divorced mom with 6 kids (childsupport was $150 per month so no daddy warbucks in the wings). She worked multiple jobs to keep us alive. I worked my ass off in a 'ghetto' or intercity public school. Graduated with scholarships geared towards women, low income famlies or community support. Made it through with those and the rest were loans that I'm just getting paid off after 20 years. I was hired at the bottom in minimum wage, worked my ass off to get promoted and when the job couldn't give me more I moved on. Twice I had to move without a new job lined up and both times were scary but led to great opportunities.

I went to bed hungry as a kid and wanted new toys the other kids had. It made me envious but also determined. Those experiences made me want get away from assistance living. Get out of the neighborhoods and not get knocked up and join the next generation of welfare moms. Yes, I am very lucky that I evenutally met and married the man who could help me grow into a fully giving human being. I was greedy and didn't want to share.  Now I want to give back. We're not rich, but we're comfortable.

I guess my point is that starting poor is a handicap but it is not an excuse to stay there. Educate yourself to find ways out. Study, work, learn and make sure you do not allow yourself to get complacent at a job and let someone use you. Be willing to start low and advance. Never let someone tell you you can't succeed and pass that knowledge down to the next generation.

I support welfare, I'd be a hypocrite not to. I also support scholarships and subsisdized college loans. I am not advocating "I've got mine, so screw everyone else". HOWEVER, they have to have something to work towards. Make them proud of themselves to work harder. Any of us that get out of poverty, make sure you give back to the community so others have a chance to grow too. We only hurt ourselves when we hold back from the rest of our society.

/Please ignore the grammatical errors, I was emotional as I re-read and I'm probably missing something.
 
2013-10-18 01:58:45 PM

Amish Tech Support: 8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

I am a self made millionaire from humble beginnings. Nice to meet you.

Really? Wow! That's fantastic! Well I'm a prince from Nigeria and boy do I have an offer for you!
Let me shoot you an email!


\o/
Now tell him to "meat" himself.
/Or was that your offer?
 
2013-10-18 02:00:39 PM

FarkinNortherner: MycroftHolmes: But if Joe Billionaire's wealth is invested in operating business unit, and he is essentially a paper billionaire (which i believe is usually the case), would that impact middle class wages negatively?

Yes. Most of this wealth is stock value. Stock rises through increases in corporate profitability. Profitability commonly, although of course not exclusively, rises through reduction in cost base. Amongst the ways the cost base can be reduced are off-shoring jobs, reducing vacation and benefits entitlement, and allowing wages to stagnate, each of which negatively impacts the capacity of middle class people to maintain their lifestyle while enriching those who hold equity.

This isn't entirely a one way street, of course, as you don't want your 401k to be invested in underperforming stocks.


I can see how publically owned companies will cut costs to make numbers, but how does that differ if a wealthy man owns the stock versus an everyman?  If anything, ownership of stock by uber wealthy individuaqls decreases the pressure to make short term goals and focus instead on long term strategy (see buffet, warren and dell, michael).
 
2013-10-18 02:07:30 PM
So why is this a negative again?
 
2013-10-18 02:12:24 PM

8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

I am a self made millionaire from humble beginnings. Nice to meet you.


Meat yourself!!
 
2013-10-18 02:14:21 PM

DrewFL: Amish Tech Support: 8 inches: Amish Tech Support: Every millionaire I have know in my life started out with a large inheritance.
I've never personally meet one that started out from humble beginnings. I'm
not sure if that was just a fluke in my social circle.
I wish I could see statistics regarding this.

My grandfather was an Italian immigrant who owned a vegetable stand.  My father made hundreds of millions by being really smart and working really farking hard.  There are no statistics for your point, because it's idiotic.


Forbes has statistics on this. I guess Italian immigrants who own vegetable stands don't teach their offspring how to read.
 
2013-10-18 02:36:10 PM
Glad to see the fark billionaire defense league is in full swing here. Guess what guys- no matter how much water you carry for them they aren't going to let you date their daughter.
 
2013-10-18 02:46:27 PM
Glad to see the fark billionaire defense league is in full swing here. Guess what guys- no matter how much water you carry for them they aren't going to let you date their daughter.

...but if you keep white knighting the poor huddled masses you might actually get some from a freshman sociology major so keep it up!
 
2013-10-18 02:59:21 PM

doubled99: but if you keep white knighting the poor huddled masses you might actually get some from a freshman sociology major so keep it up!


Are you actually attacking people that advocate for the poor? Jesus, Ghandi, Mother Teresa, MLK Jr... OK I'll be happy to be counted in that crowd. Maybe you can stand proud with all those that think Billionaires are somehow to be admired and protected.
 
2013-10-18 03:05:16 PM
but if you keep white knighting the poor huddled masses you might actually get some from a freshman sociology major so keep it up!

Are you actually attacking people that advocate for the poor? Jesus, Ghandi, Mother Teresa, MLK Jr... OK I'll be happy to be counted in that crowd. Maybe you can stand proud with all those that think Billionaires are somehow to be admired and protected.


Thanks for the laugh!
 
2013-10-18 03:11:38 PM
If I were filthy, I mean filthy rich, I'd spend my days trolling Fark.
 
2013-10-18 03:19:51 PM

Goodluckfox: sethen320:

I would go live in the 80s.  I'd take my iPod and phone with me and leave them sitting around, just to fark with everyone.

Have you seen http://www.behance.net/Gallery/ALT1977-WE-ARE-NOT-TIME-TRAVELERS/54522 1">http://www.behance.net/Gallery/ALT1977-WE-ARE-NOT-TIME-TRAVELERS/5 4522 1


No, I had never seen that but its awesome!
 
2013-10-18 03:50:42 PM

doubled99: So why is this a negative again?


It isn't necessarily. But it does seem unsustainable. When almost all the money gets concentrated at the top, the poors will either revolt or simply give up.

Some Farker much wittier than me once used the game of Monopoly as an interesting comparison. When you first start playing Monopoly and everyone has money and everyone is making deals and buying properties...it's a lot of fun, right?

But a couple of hours into the game, one player who landed on all the best spaces has the vast majority of the money and properties, and everyone else is just going around the board hoping not to go broke or land in jail. Sure, the game is still fun for the guy who has everything. But it sucks for everyone else and they eventually just give up. That's how every game of Monopoly I've ever played has ended (sometimes I was the rich guy, other times I went broke).

Now of course...getting rich is the name of the game. Your goal is to get as much as possible. I get that. Still though, the game is a lot more fun when everyone has some success (as opposed to one player having all the success).
 
2013-10-18 05:45:53 PM

I Browse: doubled99: So why is this a negative again?

It isn't necessarily. But it does seem unsustainable. When almost all the money gets concentrated at the top, the poors will either revolt or simply give up.

Some Farker much wittier than me once used the game of Monopoly as an interesting comparison. When you first start playing Monopoly and everyone has money and everyone is making deals and buying properties...it's a lot of fun, right?

But a couple of hours into the game, one player who landed on all the best spaces has the vast majority of the money and properties, and everyone else is just going around the board hoping not to go broke or land in jail. Sure, the game is still fun for the guy who has everything. But it sucks for everyone else and they eventually just give up. That's how every game of Monopoly I've ever played has ended (sometimes I was the rich guy, other times I went broke).

Now of course...getting rich is the name of the game. Your goal is to get as much as possible. I get that. Still though, the game is a lot more fun when everyone has some success (as opposed to one player having all the success).


Do you think that the money is just sitting in a big vault?  These people may have a high net worth, but they likely own mostly illiquid investments (stocks, bond, businesses, real estate).  While they may be worth a lot, their investments are generating money for consumption.  Soo it is not really a case of concentrating money.
 
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