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(Bloomberg)   Hear that, Mr. Coal Miner? Mr. Fireman? Ms. Nurse? The 1% make more money because they work harder than you do   (bloomberg.com) divider line 463
    More: Stupid, Sam Zell, Betty Liu  
•       •       •

12088 clicks; posted to Main » on 05 Feb 2014 at 5:13 PM (10 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-05 02:45:39 PM
are these guys trying to get lynched?
 
2014-02-05 02:52:15 PM
I've seen this kind of rhetoric from Teabaggers as well.
 
2014-02-05 02:59:45 PM
The birth canal is tighter for the 1% females.They had a mighty struggle.
 
2014-02-05 03:11:14 PM
Maybe I'm missing something, but the linked video's description said it was about the real estate market.
 
2014-02-05 03:12:49 PM

Trivia Jockey: Maybe I'm missing something, but the linked video's description said it was about the real estate market.


You click the links? Most of us are content with raging about the headline.
 
2014-02-05 03:16:14 PM

Trivia Jockey: Maybe I'm missing something, but the linked video's description said it was about the real estate market.


"Feb. 5 (Bloomberg) -- Billionaire investor Sam Zell, chairman of Equity Group Investments, talks about the real estate and financial markets. Zell, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses Microsoft Corp.'s new Chief Executive Officer Satya Nadella and President Barack Obama's policies."

Haven't watched it, but I would bet that is where he went full potato.
 
2014-02-05 03:19:20 PM

Trivia Jockey: Maybe I'm missing something, but the linked video's description said it was about the real estate market.


Starts at about 15:00 in.
 
2014-02-05 03:20:23 PM
www.flippingsocial.com
 
2014-02-05 03:29:35 PM

clancifer: I've seen this kind of rhetoric from Teabaggers as well.


tea baggers constantly white-knight for the 1%.

steinbeck was right: "socialism never took root in america because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."
 
2014-02-05 03:46:40 PM

Therion: [www.flippingsocial.com image 300x352]


LOL
 
2014-02-05 03:55:00 PM
The term "1%" is disingenuous because it lumps income-earning professionals such as orthodontists, chemists, petroleum engineers, superintendents, and senior pilots making $130 K/ yr in with the Mitt Romneys of the world making $13 M/ yr.

The former group of folks earn their income and pay very-high income tax. The Mitt Romneys of the world have unearned passive capital gains income and pay a very low effective tax rate. BIG DIFFERENCE.
 
2014-02-05 04:06:19 PM
As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.
 
2014-02-05 04:07:44 PM
Isn't it sweet how life's losers all come here to whine about rich people?

Now shut up and go fetch me a burger...
 
2014-02-05 04:09:40 PM

Primum non nocere: The term "1%" is disingenuous because it lumps income-earning professionals such as orthodontists, chemists, petroleum engineers, superintendents, and senior pilots making $130 K/ yr in with the Mitt Romneys of the world making $13 M/ yr.

The former group of folks earn their income and pay very-high income tax. The Mitt Romneys of the world have unearned passive capital gains income and pay a very low effective tax rate. BIG DIFFERENCE.


You're thinking of the top 10%. The top 1% make almost $400,000 per year.

The point stands, though. I don't have a problem with anyone who works and earns their income, no matter what amount that might be.
 
2014-02-05 04:12:40 PM

Primum non nocere: The term "1%" is disingenuous because it lumps income-earning professionals such as orthodontists, chemists, petroleum engineers, superintendents, and senior pilots making $130 K/ yr in with the Mitt Romneys of the world making $13 M/ yr.

The former group of folks earn their income and pay very-high income tax. The Mitt Romneys of the world have unearned passive capital gains income and pay a very low effective tax rate. BIG DIFFERENCE.


In 2009, you needed to make $343,927 to be considered part of the 1% of earners. The average income was $960,000.

You know a lot of orthodontists that pull down $350K a year?
 
2014-02-05 04:17:52 PM

siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.


i would guess that the vast majority of coal miners and firefighters are men, while the majority (if not vast) of nurses are women.
 
2014-02-05 04:23:22 PM
1.bp.blogspot.com

Lazy shiat sitting down on the job.

images.onset.freedom.com

While the bankers work hard, firemen just hangin' around.

www.joblo.com

What were we talking about?
 
2014-02-05 04:34:52 PM
"Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft, where we are hard, cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand."

"They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different."


F. Scott Fitzgerald
 
2014-02-05 05:16:57 PM

siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.


Im a man..who is a nurse.
 
2014-02-05 05:19:15 PM

AGremlin: "Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft, where we are hard, cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand."

"They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different."

F. Scott Fitzgerald


Thank you for reminding me not to read the Great Gatsby.  Fitz it's just a collection of run on sentences that never seem to stop.
 
2014-02-05 05:21:08 PM

LordZorch: Isn't it sweet how life's losers all come here to whine about rich people?

Now shut up and go fetch me a burger...


Hoooock-tooey!
Here ya go, Boss! :D
 
2014-02-05 05:21:30 PM
entimg.s-msn.com

Yeah, work that microphone. Work it hard.
 
2014-02-05 05:22:03 PM
As a future 1%-er, I whole-heartedly agree.  Nurses, teachers, welders, cops, firemen, and all the other plebs are just too damn lazy to put in an honest day's work.

/Am I doing it right?
//Will you really stupid rich guys reward me now?
///I got rent to pay, biatches!
 
2014-02-05 05:24:13 PM

The more you eat the more you fart: siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.

Im a man..who is a nurse.


I'm imagining this:

brainsyndicate.files.wordpress.com
 
2014-02-05 05:24:44 PM
God help me, I'm saying this:

There is a difference between relatively unskilled labor and the skills needed to build and run a large corporation. The talent pool for the former is pretty big - I don't dig ditches, but I could, and so could most people I know. I couldn't begin to manage a large company.

That being said, the salary differences shouldn't be that drastic. When I was working for a shall-be-unnamed tech company, I made a good salary. I was the head of their research group and was pretty much the only person that really understood a core part of the technology that the company sold. The company was small enough (maybe 300 employees total) and the technology so niche that there really just wasn't anyone else in the world that knew how that part of it worked, and it would take a long time to get someone up to speed.

They never hired someone to help out or be my second and so when the time came, they offered me a two-years'-salary retention bonus if I would stay. I left and the company had some pretty huge problems after that.

One of the reasons why I left is because around the same time I was thinking of leaving, we had a CEO that had been CEO for less than a year, who had been hired because he was friends with several members of the board of directors. The CEO had also decided to quit. When he quit, he got a multimillion dollar golden parachute that was something like 100x my annual salary. He had done literally nothing for the company yet, at all.

I'm not saying he wasn't important. I'm saying he wasn't 100x more important than I, or just about anyone else in the company, was.
 
2014-02-05 05:26:15 PM

Lando Lincoln: Primum non nocere: The term "1%" is disingenuous because it lumps income-earning professionals such as orthodontists, chemists, petroleum engineers, superintendents, and senior pilots making $130 K/ yr in with the Mitt Romneys of the world making $13 M/ yr.

The former group of folks earn their income and pay very-high income tax. The Mitt Romneys of the world have unearned passive capital gains income and pay a very low effective tax rate. BIG DIFFERENCE.

In 2009, you needed to make $343,927 to be considered part of the 1% of earners. The average income was $960,000.

You know a lot of orthodontists that pull down $350K a year?


And even in that 1%, you can filter out most athletes (they may be making more in a year than you or I will make in a lifetime, but they're still on the worker side of the divide. They only make their millions because they're more concentrated into a couple thousand jobs if that, and their bosses make billions.)
 
2014-02-05 05:26:21 PM

FlashHarry: siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.

i would guess that the vast majority of coal miners and firefighters are men, while the majority (if not vast) of nurses are women.


How many licensed registered nurses are there in the U.S.?

• There are 3,063,162 licensed registered nurses in the United States.

Men are what percentage of the total nursing population?

• Approximately 294,063 RNs are men - only 9.6% of the total nursing population.

Closest thing I could find for coal miners says 2% women.

Of course, someone HAD to jump to the "you said all, subby!!!" complaint....
 
2014-02-05 05:27:10 PM

Vodka Zombie: As a future 1%-er, I whole-heartedly agree.  Nurses, teachers, welders, cops, firemen, and all the other plebs are just too damn lazy to put in an honest day's work.

/Am I doing it right?
//Will you really stupid rich guys reward me now?
///I got rent to pay, biatches!


6/10
Not enough vodak
 
2014-02-05 05:27:52 PM

Lord Dimwit: God help me, I'm saying this:

There is a difference between relatively unskilled labor and the skills needed to build and run a large corporation. The talent pool for the former is pretty big - I don't dig ditches, but I could, and so could most people I know. I couldn't begin to manage a large company.

That being said, the salary differences shouldn't be that drastic. When I was working for a shall-be-unnamed tech company, I made a good salary. I was the head of their research group and was pretty much the only person that really understood a core part of the technology that the company sold. The company was small enough (maybe 300 employees total) and the technology so niche that there really just wasn't anyone else in the world that knew how that part of it worked, and it would take a long time to get someone up to speed.

They never hired someone to help out or be my second and so when the time came, they offered me a two-years'-salary retention bonus if I would stay. I left and the company had some pretty huge problems after that.

One of the reasons why I left is because around the same time I was thinking of leaving, we had a CEO that had been CEO for less than a year, who had been hired because he was friends with several members of the board of directors. The CEO had also decided to quit. When he quit, he got a multimillion dollar golden parachute that was something like 100x my annual salary. He had done literally nothing for the company yet, at all.

I'm not saying he wasn't important. I'm saying he wasn't 100x more important than I, or just about anyone else in the company, was.



So how was Pure Digital back in the day?
 
2014-02-05 05:28:36 PM
To be perfectly fair to the 1%, furrowing your brow wisely while half listening during a breakout session is way harder than mining coal.  And I don't think you could pay me any amount of money to do a sloppy canoodle with old men from the house of saud.
 
2014-02-05 05:28:59 PM
Correction subby.

They make more money because they know how to push paper, adding little value to a transaction but extracting as much as they can with ever more inventive "screw the other guy, rich OR poor out of as much as I can get away with."
 
2014-02-05 05:29:32 PM

Badgers: The more you eat the more you fart: siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.

Im a man..who is a nurse.

I'm imagining this:


Lol
 
2014-02-05 05:30:15 PM
What does a CEO actually do besides get paid to quit?
 
2014-02-05 05:30:16 PM

LordZorch: Isn't it sweet how life's losers all come here to whine about rich people?

Now shut up and go fetch me a burger...


Burger and a liter of cola... it's for a Lord.
 
2014-02-05 05:30:26 PM

MrBallou: Trivia Jockey: Maybe I'm missing something, but the linked video's description said it was about the real estate market.

You click the links? Most of us are content with raging about the headline.


links? there are articles?
 
2014-02-05 05:30:39 PM

FlashHarry: steinbeck was right: "socialism never took root in america because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."


Nice try teabagger, nobody is advocating socialism.
 
2014-02-05 05:31:34 PM
I would say the top 1-2% not including the top 0.2% probably do work harder.  They are successful small business owners, high paying doctors (like heart surgeons), top litigators, etc.  The top 0.2% probably don't work so hard but likely did at some point in their lives to get to that situation.
 
2014-02-05 05:32:02 PM

mediablitz: FlashHarry: siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.

i would guess that the vast majority of coal miners and firefighters are men, while the majority (if not vast) of nurses are women.

How many licensed registered nurses are there in the U.S.?

• There are 3,063,162 licensed registered nurses in the United States.

Men are what percentage of the total nursing population?

• Approximately 294,063 RNs are men - only 9.6% of the total nursing population.

Closest thing I could find for coal miners says 2% women.

Of course, someone HAD to jump to the "you said all, subby!!!" complaint....


I guess I just don't know why subby had to attach a gender to these prefessions at all. "Hear that, Coal Miners? Firefighters? Nurses?" would have been every bit as effective, without the bias.

/You may now go back to hatin' on the 1%
 
2014-02-05 05:32:05 PM
The relevant quote, for those who don't want to listen to this douchebag for 20+ minutes:

"Tom Perkins came out with this letter where he defended the 1% and he said 'Look, we are being persecuted the same as the Nazis persecuted the Jews'.  How did you feel when you read that letter and when you heard his comments?"

"I guess my feeling is that he's right.  The 1% are being pummeled because it's politically convenient to do so. The problem is that the world and this country should not talk about envy of the 1%, they should talk about emulating the 1%. The 1% work harder.  The 1% are much bigger factors in all of our society."
 
2014-02-05 05:34:12 PM
i1326.photobucket.com
 
2014-02-05 05:34:16 PM

LordZorch: Isn't it sweet how life's losers all come here to whine about rich people?

Now shut up and go fetch me a burger...


A burger? What are you, some kind of poor person? Demand caviar and panda steaks like someone who matters, dammit.
 
2014-02-05 05:34:31 PM
If you wear a suit while earning your money, you don't work at all, imho.
 
2014-02-05 05:34:32 PM

Lord Dimwit: God help me, I'm saying this:

There is a difference between relatively unskilled labor and the skills needed to build and run a large corporation. The talent pool for the former is pretty big - I don't dig ditches, but I could, and so could most people I know. I couldn't begin to manage a large company.

That being said, the salary differences shouldn't be that drastic. When I was working for a shall-be-unnamed tech company, I made a good salary. I was the head of their research group and was pretty much the only person that really understood a core part of the technology that the company sold. The company was small enough (maybe 300 employees total) and the technology so niche that there really just wasn't anyone else in the world that knew how that part of it worked, and it would take a long time to get someone up to speed.

They never hired someone to help out or be my second and so when the time came, they offered me a two-years'-salary retention bonus if I would stay. I left and the company had some pretty huge problems after that.

One of the reasons why I left is because around the same time I was thinking of leaving, we had a CEO that had been CEO for less than a year, who had been hired because he was friends with several members of the board of directors. The CEO had also decided to quit. When he quit, he got a multimillion dollar golden parachute that was something like 100x my annual salary. He had done literally nothing for the company yet, at all.

I'm not saying he wasn't important. I'm saying he wasn't 100x more important than I, or just about anyone else in the company, was.


Which is why most rational folks don't begrudge CEOs their pay...we begrudge CEOs who get paid a shiatton for fark ups that would get the rest of us fired.

The labor pool of people who can drive a company's stock DOWN is pretty farking huge.  I'm pretty sure I could manage it on, say, $100k a year....      :)
 
2014-02-05 05:35:31 PM
How much you make is pretty much related to how much it will cost your employer when you fark up. People whose mistakes cost $10 make around $10/hr. People whose fark ups cost hundreds of thousands make hundreds of thousands.

I'm not saying it's right, I'm just saying it is.
 
2014-02-05 05:35:39 PM
It's not that they work harder; it's that the 99% doesn't produce as much from what they do for livings as the 1% does sitting around idly while the money they invested grows jobs and wealth.  You poor, pitiful proles.
 
2014-02-05 05:35:40 PM
No. They work smarter.
 
2014-02-05 05:35:43 PM
I've worked for a number of rich people, and with a few exceptions, most were damn near sociopathic.  Whatever talents and abilities you may have, they consider no big deal.  Your time is not worth much.  I once had a millionaire call me at 11:30pm at my house because he felt that one of his accounts was off.....off by 10 cents.   They believe that you are being bestowed with a privilege if they allow you to work for them at all...whatever money they are paying you is too generous.     On the other hand, most believed that there could be no value placed on their own time......their own talents and abilities being unmatched by anyone, anywhere in the universe.
 
2014-02-05 05:35:50 PM

Z-clipped: The relevant quote, for those who don't want to listen to this douchebag for 20+ minutes:

"Tom Perkins came out with this letter where he defended the 1% and he said 'Look, we are being persecuted the same as the Nazis persecuted the Jews'.  How did you feel when you read that letter and when you heard his comments?"

"I guess my feeling is that he's right.  The 1% are being pummeled because it's politically convenient to do so. The problem is that the world and this country should not talk about envy of the 1%, they should talk about emulating the 1%. The 1% work harder.  The 1% are much bigger factors in all of our society."


The most important people in any society, are those that grow the food.  Without farmers, and not the big multinational CEOs paying farmers to grow stuff for the company, we're all farked.

Also, I think this is appropriate

www.thomhartmann.com
 
2014-02-05 05:36:24 PM

AdrienVeidt: If you wear a suit while earning your money, you don't work at all, imho.


i am a teacher, and i wear a suit. am i not working?
 
2014-02-05 05:36:51 PM

siyuntz: As an aside gripe, way to be gender biased about professions subby. So all nurses = women while coal miners and firefighters are men.


Oh come on now.  Seriously?  This is why we can't have nice things.  Someone's always gotta go find some shiat to get offended about.  Go wipe the sand out of your vagina.
 
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