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(BBC)   Argentinian Government to it's 1%. "Time to put your obscene wealth to good use folks"   (bbc.co.uk) divider line
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3895 clicks; posted to Main » on 05 Dec 2020 at 1:34 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-12-05 9:06:01 PM  

NotThatGuyAgain: majestic: NotThatGuyAgain: majestic: NotThatGuyAgain: About 4 years ago, almost 5, I started making great money.  I'm no millionaire by any stretch.

Even before that I was very generous towards local charities.  I'm talking anywhere from $3k to $5k in donations.

Guess what happens when people, like the government, tell me they're taking more.  That's right, my discretionary charity spending goes down.

Good job.

/With increased health insurance for 2021, a solid 50% more, and my company's lesser 401k match for 2021, sorry my local charities.  My budget for you isn't as big as it was.

That's weird. You start making a bunch of money and Trump gives the rich folks a huge tax break. Somehow you ended up saying fark charities and were so dumb that you couldn't navigate a health insurance policy.

I don't even know how to respond to your uninformed, trolly, douchebag opinion.

Am I supposed to fark up my own personal expenses to assist charity?  Great plan, Sofa King.

Naw. You should, however, reconsider your belief in charity if you only contribute when you can write it off.

I've never written off a single one, you presumptuous ass.

You're just a troll.

I'm going back to working in my shop.  I'm making 10 desks for underprivileged kids.  What do you do other than be a judgemental ass on Fark?


Normally I just get on here and brag about how charitable I used to be until I couldn't deduct those things from my taxes. Recently, though, I found out I could start a "business" and reduce my taxes by making "charitable" items made by my new toys, I mean equipment.

That is really nice of you to make desks for kids studying from home who have no computer or internet access.
 
2020-12-05 9:07:53 PM  

RTOGUY: iron de havilland: RTOGUY: Permanent Solutions For Permanent Problems: Wanderlusting: This is the problem with leftist ideology ... your platitudes breakdown at the fringes.
If taxes are the price we pay for society, then everyone should pay an equal amount. If some people are asked to pay more, it only seems fair that they get a larger share of the benefits as well.

Having substantially more than most others means you already have a larger share of the benefits.

I have a little business and according to the stats I'm making more than the average person. I'm also working 7 days a week so am I not entitled to more for my efforts or should I just work less to keep pace with everyone else?

I'd question your sanity. You don't want to take time off for family, or leisure?

You want to work yourself into the grave with no joy in your life?

The work is heavily seasonal so I work like mad while there is work to do and take time off when it slows down a bit but right now is the busiest time so it's 7 days a week until Christmas and then back up again in January.


You install/remove Christmas lights and decorations?
 
2020-12-05 9:20:52 PM  

trialpha: Wanderlusting: Either you believe taxation is the cost of living in a society and we should all pay the same rate, or you believe it's a donation whereby you request some people pay a higher rate than others.

The good thing about a flat tax, is nobody can say it's unfair. 10% of your income is 10% of your income - regardless if you make $1 or $1 million or $100 million.

Progressive taxes are perfectly fair. You pay the same taxes on the first 50k of your income as someone who only makes 50k.

And the reason progressive taxes exist is this: what percentage of your income goes towards necessities (food, housing, healthcare, etc.?) Now, what percentage of a poor person's income goes towards necessities?


The utility of money argument fails because our economic system doesn't determine the price of a roll of toilet paper or a hair cut or a Big Mac based on how much you earn.

Money is money. If someone poor wants to spend less of it on those things, they can eat Ramen noodles and live in Youngstown, Ohio if they don't want to spend all their money on rent.
 
2020-12-05 9:29:32 PM  

buserror: Wanderlusting: For some of us, amassing wealth is more important than leisure and gives us joy. It's horrifying to then have people stick their hands into my pockets saying I should pay for their failure to work by the same standards that have earned me the life I live.

To some of us, earning enough to live on passive investments is the end goal. Maybe you have different goals, but my goals are to retire before my children graduate from high school. I'm nearly there. These last few years has been a boon for my investments in real estate as working myself to the bone gave me the cash to buy in at the bottom of the recession in 2009 and buy in again in March of this year. While everyone else was pissing their pants, I quadrupled my money by being shrewd in my past.

If hoarding money is more important to you than leisure, shouldn't you be planning to work until you drop dead regardless of whether you need to?


Because math dictates what my goals are.

To live on a permanent stipend of $280k/year, I need $5.6 million in assets growing at 5% a year.

That's my end goal. Would I like to earn more? Absolutely. But passive income > active income and I'd rather earn $300k a year sitting on a beach somewhere warm.

It's attainable for those who wish to sacrifice and earn and take risks.
 
2020-12-05 9:30:03 PM  

Wanderlusting: The utility of money argument fails because our economic system doesn't determine the price of a roll of toilet paper or a hair cut or a Big Mac based on how much you earn.

Money is money. If someone poor wants to spend less of it on those things, they can eat Ramen noodles and live in Youngstown, Ohio if they don't want to spend all their money on rent.


Our economic system doesn't determine the price of <good> based off of how much you earn, which is exactly why the tax system - which is based off of how much you earn - is modified slightly to compensate.

Progressive taxes are an acknowledgement that there is an inherent floor in necessities, and practically a max. That poor person eating Ramen noodles and living in Youngstown Ohio will still be spending more of their income on those than a rich person will be spending on their more expensive equivalent elsewhere.
 
2020-12-05 9:32:33 PM  

Wanderlusting: trialpha: Wanderlusting: Either you believe taxation is the cost of living in a society and we should all pay the same rate, or you believe it's a donation whereby you request some people pay a higher rate than others.

The good thing about a flat tax, is nobody can say it's unfair. 10% of your income is 10% of your income - regardless if you make $1 or $1 million or $100 million.

Progressive taxes are perfectly fair. You pay the same taxes on the first 50k of your income as someone who only makes 50k.

And the reason progressive taxes exist is this: what percentage of your income goes towards necessities (food, housing, healthcare, etc.?) Now, what percentage of a poor person's income goes towards necessities?

The utility of money argument fails because our economic system doesn't determine the price of a roll of toilet paper or a hair cut or a Big Mac based on how much you earn.

Money is money. If someone poor wants to spend less of it on those things, they can eat Ramen noodles and live in Youngstown, Ohio if they don't want to spend all their money on rent.


And there we have it. If you want a decent hair cut you should eat ramen noodles. Wipe your ass with a leaf or afford decent food; your choice. Nice.
 
2020-12-05 9:36:20 PM  

trialpha: Wanderlusting: The utility of money argument fails because our economic system doesn't determine the price of a roll of toilet paper or a hair cut or a Big Mac based on how much you earn.

Money is money. If someone poor wants to spend less of it on those things, they can eat Ramen noodles and live in Youngstown, Ohio if they don't want to spend all their money on rent.

Our economic system doesn't determine the price of <good> based off of how much you earn, which is exactly why the tax system - which is based off of how much you earn - is modified slightly to compensate.

Progressive taxes are an acknowledgement that there is an inherent floor in necessities, and practically a max. That poor person eating Ramen noodles and living in Youngstown Ohio will still be spending more of their income on those than a rich person will be spending on their more expensive equivalent elsewhere.


Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.
 
2020-12-05 9:45:17 PM  

Wanderlusting: Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.


Ah, you're one of the fools who believes hard work is necessary and sufficient to succeed in life.
 
2020-12-05 9:46:00 PM  

Wanderlusting: trialpha: Wanderlusting: The utility of money argument fails because our economic system doesn't determine the price of a roll of toilet paper or a hair cut or a Big Mac based on how much you earn.

Money is money. If someone poor wants to spend less of it on those things, they can eat Ramen noodles and live in Youngstown, Ohio if they don't want to spend all their money on rent.

Our economic system doesn't determine the price of <good> based off of how much you earn, which is exactly why the tax system - which is based off of how much you earn - is modified slightly to compensate.

Progressive taxes are an acknowledgement that there is an inherent floor in necessities, and practically a max. That poor person eating Ramen noodles and living in Youngstown Ohio will still be spending more of their income on those than a rich person will be spending on their more expensive equivalent elsewhere.

Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.


So, bootstraps and buy more money? If you just want it enough it will be yours?

fark off, Tony Robbins. I'm willing to bet that any money you have you either inherited or you had a lucky streak with a good job and were just too afraid to buy anything cool.
 
2020-12-05 9:48:41 PM  

trialpha: Wanderlusting: Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.

Ah, you're one of the fools who believes hard work is necessary and sufficient to succeed in life.


Sure better than giving people free government housing and then watching them as they destroy it because they never learned to respect shiat that was given to them. Last time I checked, government housing projects are almost all horribly mismanaged, crime infested, cesspits of society's worst.

Not sure about you, but I have no interest in living in government housing projects. I have more respect for myself than that.
 
2020-12-05 9:51:33 PM  

AmbassadorBooze: Don't tax them.  Have the military show up at their front door and politely ask them to donate to the cause.  Then, those that don't donate, pass a law making them criminals, then confiscate all their wealth.  Problem solved.  Keep around the people that do things "willingly".


Not sure if serious.jpg
 
2020-12-05 9:54:30 PM  

Wanderlusting: trialpha: Wanderlusting: Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.

Ah, you're one of the fools who believes hard work is necessary and sufficient to succeed in life.

Sure better than giving people free government housing and then watching them as they destroy it because they never learned to respect shiat that was given to them. Last time I checked, government housing projects are almost all horribly mismanaged, crime infested, cesspits of society's worst.

Not sure about you, but I have no interest in living in government housing projects. I have more respect for myself than that.


I bet you are that dick who hands the poor person on the side of the road a toothbrush.
 
2020-12-05 9:55:03 PM  

Wanderlusting: KungFuJunkie: What would that buy in the US?

According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion

The problem is, almost ALL of that is contained in illiquid assets - most of which only have value to other people who are ultra rich.

I've used this example before, but take Bill Gates' home in Medina, Washington. On paper, it's worth about $200 million. To anyone else, it's just a bunch of worthless sticks, bricks, glass, and drywall which requires thousands of hours of maintenance and hundreds of thousands of dollars worth of upkeep.

Similar to what happened when banks started foreclosing on homes in 2008, it doesn't take much to become obscenely illiquid when it comes to assets. Yachts, high end cars, expensive homes, luxurious appliances, and stocks are all worthless in the context of converting them to a liquid instrument and doing work with them. Nobody is going to thank the government for giving them a $250,000 buffet from Bill Gates. It doesn't keep the lights on, it doesn't heat your home, it doesn't keep you fed, and it certainly doesn't help pay medical bills.

When people say, hey, let's just take some of the trillions of dollars that the rich have ignore that most of that is utterly worthless to anyone BUT the super rich. 

Tell me, if you're hungry, how is a piece of paper saying you own what used to be $1 million worth of Amazon (and is now worthless due to the process of seizing it) going to fill your belly?


I have it in good authority that all of bezos' money is under his mattress.
 
2020-12-05 9:57:02 PM  

Wanderlusting: Sure better than giving people free government housing and then watching them as they destroy it because they never learned to respect shiat that was given to them. Last time I checked, government housing projects are almost all horribly mismanaged, crime infested, cesspits of society's worst.

Not sure about you, but I have no interest in living in government housing projects. I have more respect for myself than that.


Success in life is about 70% circumstance, and 30% hard work. You even said so yourself earlier - most of your wealth is due to investments.
 
2020-12-05 9:57:15 PM  

StatelyGreekAutomaton: gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.

Why would a country institute child labour laws?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

Except the kids, I guess. But they can be replaced quickly enough.


Yeah, making kids is the bee's knees.
 
2020-12-05 9:59:41 PM  

Permanent Solutions For Permanent Problems: Wanderlusting: The good thing about a flat tax, is nobody can say it's unfair. 10% of your income is 10% of your income - regardless if you make $1 or $1 million or $100 million.

No, a flat tax treats everyone equally, which is unfair.


income tax is BS I don't think we even had it pre World War II 1913

taxes should be paid on acquisitions/wealth not on earnings
 
2020-12-06 12:14:24 AM  

Wanderlusting: trialpha: Wanderlusting: Well, yes. You just described the entire motivating argument for capitalism.

If you don't want to eat Ramen noodles in a hovel in Youngstown, work harder and succeed.

Those who earn a better life, GET a better life. For those who only want to live in a cardboard box and scraps of dumpster food, that's certainly a decision they can make for themselves.

The success for me and my family is what has driven me to make the decisions i did in my life.

I'm sorry some people don't have the intestinal fortitude to do what is necessary, but then again, there are parents who beat their kids too, so it's not surprising so many people would be looking for an easy way out.

Ah, you're one of the fools who believes hard work is necessary and sufficient to succeed in life.

Sure better than giving people free government housing and then watching them as they destroy it because they never learned to respect shiat that was given to them. Last time I checked, government housing projects are almost all horribly mismanaged, crime infested, cesspits of society's worst.

Not sure about you, but I have no interest in living in government housing projects. I have more respect for myself than that.


And I thought I was arrogant.
 
2020-12-06 2:56:51 AM  
Deplete the rich.
 
2020-12-06 3:42:47 AM  
CIA sponsored coup in 5... 4... 3...
 
2020-12-06 9:28:22 AM  

Mindlock: When I think of responsible government finances, I think of Argentina...

Were this another country, I would take it more seriously, bit it being Argentina I strongly suspect it's a distraction to mask government incompetence.


Well, it's not like poor people have any money to steal.
 
2020-12-06 9:42:27 AM  

RTOGUY: 1% to government: "adios".


Yeah, right.  Where are they gonna flee to?  I'm sure there are places with less taxation than Argentina, but at some point you're talking about places that are shiatholes even if you're rich.

Gerard Depardieu made a big show of becoming a Russian citizen to avoid French taxes...but he sure as hell wasn't going to go live there.  When he couldn't get away with staying in France while avoiding French taxes, he went to Belgium, but they were not happy to have him.  Meanwhile, it turns out that his alleged residence in Russia wants him to pay taxes there, too.
 
2020-12-06 11:49:21 AM  

RTOGUY: I have a little business and according to the stats I'm making more than the average person. I'm also working 7 days a week so am I not entitled to more for my efforts or should I just work less to keep pace with everyone else? I don't have any great advantages I don't think I'm particularly brilliant and didn't come from wealth but just through busting my ass I've managed to get just little bit further ahead and apparently that is now unfair. Anybody could duplicate what I've done but not everybody seems to want to try. There is however no shortage of people ready to tell me I don't deserve what I've built for myself.


"Anybody could duplicate what I've done..."

No, they could not.

Furthermore, I ask of you the same question I would ask of others doing what you're doing: you're working 7 days a week? Long hours? Why? You're working yourself to death for what benefit? To earn money you wont have time to enjoy? To retire early, while hoping you haven't done long term damage to your health the way you got there? To buy expensive material assets that won't actually make you happy?
 
2020-12-06 11:57:07 AM  

Permanent Solutions For Permanent Problems: RTOGUY: I have a little business and according to the stats I'm making more than the average person. I'm also working 7 days a week so am I not entitled to more for my efforts or should I just work less to keep pace with everyone else? I don't have any great advantages I don't think I'm particularly brilliant and didn't come from wealth but just through busting my ass I've managed to get just little bit further ahead and apparently that is now unfair. Anybody could duplicate what I've done but not everybody seems to want to try. There is however no shortage of people ready to tell me I don't deserve what I've built for myself.

"Anybody could duplicate what I've done..."

No, they could not.

Furthermore, I ask of you the same question I would ask of others doing what you're doing: you're working 7 days a week? Long hours? Why? You're working yourself to death for what benefit? To earn money you wont have time to enjoy? To retire early, while hoping you haven't done long term damage to your health the way you got there? To buy expensive material assets that won't actually make you happy?


...said the grasshopper to the ant.
 
2020-12-06 11:59:20 AM  

Wanderlusting: Why shouldn't tax treat everyone equally? Do you think our justice system should treat everyone equally? Do you think our educational system should treat everyone equally? Do you think our banking and lending system should treat everyone equally? 

How can you possibly make the argument that we should treat anyone unequally?


Banking doesn't treat everyone equally. Depending on how safe of an investment risk you affects what kind of loans you get, if yiu can get one at all.

The justice system doesn't sentence everyone the same for the same crime. It depends on the circumstances and criminal record (and, problematically, the quality of the lawyers involved and often the race of the defendant).

The education system doesn't treat everyone equally, nor should it because everyone is not equally intelligent. When I went to school there were On-Level, Advanced, and Gifted/Honors courses for each grade.

Person A makes $20,000 per year. Person B makes $200,000 a year. You take 10% from A and it is a major hardship. You take 10% from B and it should have no real effect on on their life. Heck, my life making $10/hour vs $20/hour is light years apart.
 
2020-12-06 12:01:57 PM  

NINEv2: Apparently there still aren't any trolls on fark.


The cult of capitalism, praise be the almighty dollar, is indinguisable from trolling or parody.

Exterminate all Libertarians.
 
2020-12-06 12:05:51 PM  

NotThatGuyAgain: About 4 years ago, almost 5, I started making great money.  I'm no millionaire by any stretch.

Even before that I was very generous towards local charities.  I'm talking anywhere from $3k to $5k in donations.

Guess what happens when people, like the government, tell me they're taking more.  That's right, my discretionary charity spending goes down.

Good job.


Reality check: most nonprofits are constantly struggling for sufficient donations unless their mission is saving children or animals (sympathy factor).
 
2020-12-06 12:07:53 PM  

Wanderlusting: LFor some of us, amassing wealth is more important than leisure and gives us joy.


Those people are mentally ill.
 
2020-12-06 12:36:52 PM  

flondrix: RTOGUY: 1% to government: "adios".

Yeah, right.  Where are they gonna flee to?  I'm sure there are places with less taxation than Argentina, but at some point you're talking about places that are shiatholes even if you're rich.

Gerard Depardieu made a big show of becoming a Russian citizen to avoid French taxes...but he sure as hell wasn't going to go live there.  When he couldn't get away with staying in France while avoiding French taxes, he went to Belgium, but they were not happy to have him.  Meanwhile, it turns out that his alleged residence in Russia wants him to pay taxes there, too.


John McAfee found Belize very comfortable - until he couldn't buy off the police anymore.
 
2020-12-06 12:40:14 PM  

Permanent Solutions For Permanent Problems: RTOGUY: I have a little business and according to the stats I'm making more than the average person. I'm also working 7 days a week so am I not entitled to more for my efforts or should I just work less to keep pace with everyone else? I don't have any great advantages I don't think I'm particularly brilliant and didn't come from wealth but just through busting my ass I've managed to get just little bit further ahead and apparently that is now unfair. Anybody could duplicate what I've done but not everybody seems to want to try. There is however no shortage of people ready to tell me I don't deserve what I've built for myself.

"Anybody could duplicate what I've done..."

No, they could not.

Furthermore, I ask of you the same question I would ask of others doing what you're doing: you're working 7 days a week? Long hours? Why? You're working yourself to death for what benefit? To earn money you wont have time to enjoy? To retire early, while hoping you haven't done long term damage to your health the way you got there? To buy expensive material assets that won't actually make you happy?


I dunno, traversing the Trans-Siberian railroad, going to Lhasa, and trekking the Tierra del Fuego are all things I did with my money that I otherwise couldn't do it I was poor.

I also like flying first class. I like my Prada and Gucci shoes. I love my Burberry coats and my wife loves her Jimmy Choos.

Yeah, I get it, when you don't have anything, material goods look terrible, but have you ever watched a movie on a 77" OLED with the sound cranked? It's an experience second to none.

To many of us, material wealth makes us happy. It may not make YOU happy, but I've never seen a sad person on a jet ski.
 
2020-12-06 12:45:08 PM  

Permanent Solutions For Permanent Problems: Wanderlusting: Why shouldn't tax treat everyone equally? Do you think our justice system should treat everyone equally? Do you think our educational system should treat everyone equally? Do you think our banking and lending system should treat everyone equally? 

How can you possibly make the argument that we should treat anyone unequally?

Banking doesn't treat everyone equally. Depending on how safe of an investment risk you affects what kind of loans you get, if yiu can get one at all.

The justice system doesn't sentence everyone the same for the same crime. It depends on the circumstances and criminal record (and, problematically, the quality of the lawyers involved and often the race of the defendant).

The education system doesn't treat everyone equally, nor should it because everyone is not equally intelligent. When I went to school there were On-Level, Advanced, and Gifted/Honors courses for each grade.

Person A makes $20,000 per year. Person B makes $200,000 a year. You take 10% from A and it is a major hardship. You take 10% from B and it should have no real effect on on their life. Heck, my life making $10/hour vs $20/hour is light years apart.


That last line is why you will never get ahead. Lifestyle creep is real. If you lived the same on $10/hr as you did on $20/hr, you'd literally be able to save and invest with the added money.

I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

I didn't buy a new car (I've always bought 10 year old used cars because they are so much cheaper than even a Honda Civic with a loan). I didn't have the flashiest stuff until I was in a financial position to do so.

Again, if everyone lived like they were making minimum wage, you'd be able to do the things you want to do more often.
 
2020-12-06 12:52:58 PM  

Wanderlusting: Permanent Solutions For Permanent Problems: Wanderlusting: Why shouldn't tax treat everyone equally? Do you think our justice system should treat everyone equally? Do you think our educational system should treat everyone equally? Do you think our banking and lending system should treat everyone equally? 

How can you possibly make the argument that we should treat anyone unequally?

Banking doesn't treat everyone equally. Depending on how safe of an investment risk you affects what kind of loans you get, if yiu can get one at all.

The justice system doesn't sentence everyone the same for the same crime. It depends on the circumstances and criminal record (and, problematically, the quality of the lawyers involved and often the race of the defendant).

The education system doesn't treat everyone equally, nor should it because everyone is not equally intelligent. When I went to school there were On-Level, Advanced, and Gifted/Honors courses for each grade.

Person A makes $20,000 per year. Person B makes $200,000 a year. You take 10% from A and it is a major hardship. You take 10% from B and it should have no real effect on on their life. Heck, my life making $10/hour vs $20/hour is light years apart.

That last line is why you will never get ahead. Lifestyle creep is real. If you lived the same on $10/hr as you did on $20/hr, you'd literally be able to save and invest with the added money.

I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

I didn't buy a new car (I've always bought 10 year old used cars because they are so much cheaper than even a Honda Civic with a loan). I didn't have the flashiest stuff until I was in a financial position to do so.

Again, if everyone lived like they were making minimum wage, you'd be able to do the things you want to do more often.


But the girls won't do sucky sucky if I don't drive a BMW and instead show up in a yugo.
 
2020-12-06 1:46:42 PM  

Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.


Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?

You could also retire now, if you didn't waste your money on Prada and Gucci shoes. Hell, you probably could anyway. Retiring at $200k/year isn't going to be much different from $280k/year.
 
2020-12-06 1:56:35 PM  

trialpha: Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?


The boom/bust cycle isn't luck. It happens - every 10-20 years, like clockwork in this country.
 
2020-12-06 2:05:39 PM  

Wanderlusting: trialpha: Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?

The boom/bust cycle isn't luck. It happens - every 10-20 years, like clockwork in this country.


It doesn't matter because to angry Fark communists anybody with money is the enemy and even hard work  is suspect. There is probably some connection there.
 
2020-12-06 2:16:42 PM  

Wanderlusting: trialpha: Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?

The boom/bust cycle isn't luck. It happens - every 10-20 years, like clockwork in this country.


It happens yes, but timing it correctly is still effectively luck. Let's say you had all of your money invested prior to the bust. Pull out your money thinking there's going to be a bust? If it doesn't happen, you lose out on gains you could have had. Keep your money in too long and not only do you miss out on the opportunity, but you have to wait for your existing assets to recover. Downturn occurred shortly after you started working so you only had 20k to invest? You've quadrupled it to 80k - great, but not really enough to matter.

All of this is luck/circumstance.
 
2020-12-06 2:18:28 PM  

RTOGUY: Wanderlusting: trialpha: Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?

The boom/bust cycle isn't luck. It happens - every 10-20 years, like clockwork in this country.

It doesn't matter because to angry Fark communists anybody with money is the enemy and even hard work  is suspect. There is probably some connection there.


You assume that I don't have money. I do; I just acknowledge that a large portion of it was due to luck.
 
2020-12-06 2:28:11 PM  

trialpha: RTOGUY: Wanderlusting: trialpha: Wanderlusting: I'll put it this way: I was still living in a studio apartment eating Ramen noodles earning six figures. Why? Because I was able to save 75% of everything I was earning which gave me the cash to make moves while everyone else was panicking.

Aka, you got lucky, in that you lived in a time where such an event existed and you hadn't already invested that cash. Would you be anywhere near as close to that 5.6 million you want today if you had just been earning the usual 5% normal investments gain?

The boom/bust cycle isn't luck. It happens - every 10-20 years, like clockwork in this country.

It doesn't matter because to angry Fark communists anybody with money is the enemy and even hard work  is suspect. There is probably some connection there.

You assume that I don't have money. I do; I just acknowledge that a large portion of it was due to luck.


That's just what socialists with money say to make themselves feel better. Unless your money came from the lottery it's okay to say you earned it.
 
2020-12-06 7:10:42 PM  
I... am just flabbergasted by the apparent bad faith from the bootstrap brigade here. Y'all have managed to threadshiat this impressively.

Terribly, yes, but impressively.
 
2020-12-06 7:25:07 PM  

Polyonymous: I... am just flabbergasted by the apparent bad faith from the bootstrap brigade here. Y'all have managed to threadshiat this impressively.

Terribly, yes, but impressively.


Troll post volume has stepped up like crazy. It's all weaksauce shiat, mind, they have *literally* nothing after all.

Why? How is it a good investment?
 
2020-12-06 10:16:22 PM  

Lady J: Polyonymous: I... am just flabbergasted by the apparent bad faith from the bootstrap brigade here. Y'all have managed to threadshiat this impressively.

Terribly, yes, but impressively.

Troll post volume has stepped up like crazy. It's all weaksauce shiat, mind, they have *literally* nothing after all.

Why? How is it a good investment?


My best guess is that it's a consequence of the just world fallacy:

If you're doing alright, then you can soothe yourself against any sort of doubt by reckoning your worthiness in your station. If you're not doing alright, then you just need to have faith that you'll bootstrap yourself up and it'll all be good soon. In either case you're set! As long as the world is just.

Give up on the justice of the world, though, and you're left having to think about your place in the universe. That can be scary because it involves some introspection and you might realise that universe doesn't really seem to have strong opinions on your existence. As strong, independent, manly Americans with a lust for capital, not existing in a position of inherent privilege is a scary prospect. The only mature course of action is obviously is to stop thinking such blasphemous thoughts and pray to the invisible hand of the market for validation.

For myself, I like picturing a frightful hobgoblin coming for those illusions. Well- that or the crushing oppression of late-stage capitalism. Memento mori, motherfarkers.

/ Alternative explanations include: disingenuous argument, literal malice, actually being a fascist
// I feel like "memento mori, motherfarkers" is just a good sign off in general, can we make that a thing?
/// Rule of three. It's 0300. This post brought to you by alcohol, insomnia, and caffeine.
 
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