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Question for wealthy ppl

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Question for wealthy ppl

Unread postby mattduke » Wed 28 May 2008, 20:46:54

What's amusing is watching a poor person win the lottery, only to squander it within a couple years.
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Re: Question for wealthy ppl

Unread postby vision-master » Wed 28 May 2008, 20:49:41

$this->bbcode_second_pass_quote('mattduke', 'W')hat's amusing is watching a poor person win the lottery, only to squander it within a couple years.


and what's even more amazing is when a rich person wins and gives nothing away to charity. :razz:
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Re: Question for wealthy ppl

Unread postby mattduke » Wed 28 May 2008, 21:10:41

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('mattduke', 'W')hat's amusing is watching a poor person win the lottery, only to squander it within a couple years.


and what's even more amazing is when a rich person wins and gives nothing away to charity. :razz:

Rich people don't squander money on the lottery.
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Re: Question for wealthy ppl

Unread postby vision-master » Wed 28 May 2008, 21:18:54

$this->bbcode_second_pass_quote('mattduke', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('mattduke', 'W')hat's amusing is watching a poor person win the lottery, only to squander it within a couple years.


and what's even more amazing is when a rich person wins and gives nothing away to charity. :razz:

Rich people don't waste money on the lottery.


No poo (swear words edited now), only poor ass losers buy, (1) candy bar, (2) bottle of coke, (3) bag of chips, (4) pack of smokes an (5) few lotto tickets.

That'a be $20 bubba.
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Re: Question for wealthy ppl

Unread postby mattduke » Wed 28 May 2008, 21:23:18

You can buy a 1oz silver eagle for $20.
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Re: Question for wealthy ppl

Unread postby RedStateGreen » Wed 28 May 2008, 21:38:33

$this->bbcode_second_pass_quote('Bman4k1', '
')Coming from presonal experience of being dirt poor, I know what its like, I dont enjoy the feeling. I worked hard to not be poor (I was born in poverty, went to Unviversity got a job) I will do whatever it takes to have a sustainable peacefull life out of poverty.


I was born sort of rich (I guess you would call it snooty upper middle class), my parents squandered everything, lost two homes, we got evicted so many times, were almost homeless but ended up in section 8 housing (lovely place) -- but I was a National merit scholar. We worked to get where we are ... my husband's dad drove a truck for Safeway for 35 years, still put two kids through college.

We've always lived below our means, as I never want to be in debt, bounce checks, or any of the crap my parents pulled. It's true what mattduke said earlier; I would never buy a lottery ticket. I think it's a stupid waste of money.

People might say we're rich. We have a good house (more than we need really), in a safe area, almost an acre of land, the best we've ever done. I've never had a $200 meal or 5 cars ... but I've worked with people who lived like that.

I don't wish harm on anyone, though. Being dirt poor, the only white family in a ghetto, walking everywhere because we didn't have a car, trying to figure out how to feed seven people on a few bucks (yeah I was the kid but my parents were off in their fantasy lands and I had four younger sisters to take care of), I feel like that taught me a lot that those that haven't had to do that have missed. They're the ones who are lacking in survival abilities. If we're poor again it's honestly not that big of a deal to me.

$this->bbcode_second_pass_quote('', 'B')ut I do believe PO will be the great equalizer. Sure as some of you mentioned the very very rich can just hire a bunch of poor to do their dirty work. But rich will take a plumment. For the most part, people aren't able to live their lives in a sustainable way, and a self-sufficient way. All of the rich people won't have all of the advantages anymore. The only rich people that will weather PO are the top .0001% of the population. And who cares, they will probably run to gated communities and hide their forever anyways.


I agree, PO is going to level the playing field a lot.

It's funny what you said, because we live in a gated community. It's a pain, actually. I hate the whole gate thing, it's not my style at all. Safest area in the country ... I don't know who they're gating against.

But we had to move quick (my husband got a transfer, we had six weeks to move halfway across the country), and this is what God gave us. I feel very blessed.
$this->bbcode_second_pass_quote('efarmer', '&')quot;Taste the sizzling fury of fajita skillet death you marauding zombie goon!"

First thing to ask: Cui bono?
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Re: Question for wealthy ppl

Unread postby Bman4k1 » Wed 28 May 2008, 21:53:59

$this->bbcode_second_pass_quote('RedStateGreen', '')$this->bbcode_second_pass_quote('Bman4k1', '
')Coming from presonal experience of being dirt poor, I know what its like, I dont enjoy the feeling. I worked hard to not be poor (I was born in poverty, went to Unviversity got a job) I will do whatever it takes to have a sustainable peacefull life out of poverty.


.....but I was a National merit scholar. We worked to get where we are ... my husband's dad drove a truck for Safeway for 35 years, still put two kids through college.

We've always lived below our means, as I never want to be in debt, bounce checks, or any of the crap my parents pulled. It's true what mattduke said earlier; I would never buy a lottery ticket. I think it's a stupid waste of money.



Exactly, you know where I'm coming from. You are a survivior, nobody can disagree with that. And its interesting when people say X amount of dollars isn't much to live on when people are comparing salaries. But I laugh because I learned (through my mom(a good person, never got any breaks)) to live on a 3rd of what people say is the "bare" minimum to make.

$this->bbcode_second_pass_quote('', '
').........I feel like that taught me a lot that those that haven't had to do that have missed. They're the ones who are lacking in survival abilities. If we're poor again it's honestly not that big of a deal to me.


Another excellent point. I will work my butt to be on the survival end of PO and not to be poor. But to be honest, if I was unlucky and somehow became poor, I have all the skills to live a sustainable peaceful life somewhere. Having money is just going to give you a head start, but in the end PO will seperate the survivors from the non-survivors, and it will first start economically.
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Re: Question for wealthy ppl

Unread postby kellan1776 » Thu 29 May 2008, 02:31:05

$this->bbcode_second_pass_quote('Pretorian', '')$this->bbcode_second_pass_quote('kellan1776', '')$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Novus', ' ')Money is the root of all evil.


The bible being misquoted again. :evil:

The LOVE of money is the root of all evil.

joeltrout


This is primarily the King james version, other versions state that
the love of money is the root of all kinds of evil, not ALL evil.

The vitriol displayed in this post and many other posts in these forums is beyond belief. There is a palpable glee in many of these responses on this thread and others that wishes for others to fail, suffer and even die. Many here are absolutely wishing for the worst doomsday scenarios to befall their neighbors.
Most all of the wealthy people who are my friends are very generous and support many people because of their hard work and industriousness. They are joyful kind and apprieciated by those around them. Many of the poor people I know are bitter, and greedy and filled with hatred for anybody with even a little more than them. I have a 5000 sq foot house and am by any measure of historical portions very wealthy. I give tens of thousands of $$ away yearly not to mention paying many times just in taxes than most people earn in an entire year. My house is constantly filled with people sleeping over and taking advantage of my hospitality. Its too bad people cant be grateful for what they have rather than wishing for what is not theirs. Virtually everybody in the USA is by any historcial measure very wealthy. Please dont impune an entire class of people because of your ignorance. I have news for you. Most of history has been filled with those who are poor and those who have more than enough and PO wont change that. Its human nature.


1) You give it away that easy simply because you did not earn that money in the first place. Plus, the ultimate purpose of any state is to protect the rich from the poor, thus its your responsebilty to fund it anyway.

2) If you ( your father? grandfather? ) did not lust for something that wasn't theirs you won't be wealthy now. With all that I admit that you ( your father/grandfather ) may be among those 5-6% who didnt commit legal or moral crime to amass your fortune.

3) I have news for you too. Not all rich men die rich ( and many of them die in a not very nice way, btw). Their kids have a much better chance to die in poverty. Their grandkids have almost a guaranty to die in poverty. Don't get all those people wrong. They don't want to crack your scull because you are rich; they want to crack your scull because:
a) there is a good 90% chance that you are a SOB anyway;
b) a slaughter of a fatter pig feeds more people.


PS Where is Pops when you need one? Perhaps its Pops himself?


There have always been people like you who have hated those who have worked harder and have a little more. These people are a small minority. Fortunately the vast majority of people in the western world believe in hard work, obeying the law, paying taxes and keeping most of what you earn. Communism never worked and is a failed theory. You seem to hope for anarchy as if you will come out ahead or be protected. You wont. You will always be a failure in life because of your attitude, and will always be poor. Sad really, I feel sorry for you because you cannot enjoy your life here in probably the greatest time in history. Fortunately you are a faceless nameless coward hiding behind your computer. Most of the 30 some odd billion people who have lived on this planet would change places in a second with any of us.

By the way my father nor GF were rich. I used to be so poor I ate nothing but flour tortillas for a week. (kind of like a billion people live every day in the world :() I now have more than enough. Not because of stealing but because of frugality and helping people who value my services.
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Re: Question for wealthy ppl

Unread postby kellan1776 » Thu 29 May 2008, 02:37:23

$this->bbcode_second_pass_quote('zensui', '')$this->bbcode_second_pass_quote('kellan1776', '(')...)
The vitriol displayed in this post and many other posts in these forums is beyond belief. There is a palpable glee in many of these responses on this thread and others that wishes for others to fail, suffer and even die. Many here are absolutely wishing for the worst doomsday scenarios to befall their neighbors.


Don't put us all PO aware people on the same box. Some of us have compassion for the pain that all of us will have to endure, but it's also karma/justice, we should learn to live within ecological limits.

(lol, deja vu :) )



$this->bbcode_second_pass_quote('kellan1776', '(')...)
Virtually everybody in the USA is by any historcial measure very wealthy. Please dont impune an entire class of people because of your ignorance. I have news for you. Most of history has been filled with those who are poor and those who have more than enough and PO wont change that. Its human nature.


No, it's this human civilization. Human nature has and will change, for the best I hope and work for.


Thanks Zensui. I agree it is our responsibility weather rich or poor to work for a more just sustainable society. One of the reasons why I raise chickens, sell natural eggs and planted 22 tomato plants in my garden from local seeds! Nice to chat with logical peaceful people. Regards.
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Re: Question for wealthy ppl

Unread postby vetusfirma » Thu 29 May 2008, 03:14:25

WOW, some of you guys are really scary. I was born kind of poor, maybe upper lower class. Put myself through school, worked hard for my family and managed to become kind of rich, maybe lower upper class. All I can say is that I am glad it worked out this way and I like it. If you don’t like my success and the figural lifestyle that made me wealthy and is keeping me wealthy, tough.

A cool tirade I hear on the radio says “ Rich people are rich because they keep doing the things that make them rich, and poor people are poor because they keep doing the things that keep them poor, and it’s not the system. If you think it’s the system then just quit you job and go to work for a poor person, and see how that works out for you.” or something like that. Anyway, if you like your hole, then keep digging.

Just my thoughts.
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Re: Question for wealthy ppl

Unread postby btu2012 » Thu 29 May 2008, 03:18:18

$this->bbcode_second_pass_quote('cowuvula', 't')hat is a rather painless way to go


You know nothing about starvation.
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Re: Question for wealthy ppl

Unread postby btu2012 » Thu 29 May 2008, 03:21:42

$this->bbcode_second_pass_quote('cowuvula', 'e')uorpe will completely be totally annihilated.western US will have some areas near the coast that are survivable. northern Russia siberia will have srvivors.
China will not have anything at all left on it, they get the smoke from europe and the rads will be enourmous.


You know nothing about nuclear war either. You can bet that in a terminal nuke war Russia will take good care of the US coasts --after all that's where most US population centers are. Survivable areas !?! You must be a dreamer.

Maybe some scorpions could survive there. Or maybe cockroaches.

Image

Legend: Future inhabitant of US coasts.
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Re: Question for wealthy ppl

Unread postby Soup » Thu 29 May 2008, 04:42:41

OK all you cynics.... let's see if any of you can actually take up the cudgels as opposed to just whining on the web. Start a movement. Work your asses off , provide a whole raft of jobs for others,and sacrifice the best years of your life to get "rich" (whatever the hell that is, nett worth over $1m? I dunno)... then consciensciously share it with the "poor" (whatever the hell that is... nett worth under $10K ? I dunno)
To those who partake of the religion of Rich-Hate; You're either too lazy and jealousy is your suit, or you simply don't want to work that hard, and jealousy is your suit.

What do you want from the "rich"? Their spare time (they ain't got less than you I'd bet), their car? their money? (what for?), WHat is is you want from them... ahhah! I got it; you want their WEALTH.

Hmmm. And you really really really don't want THEM to be rich.

Who ,then ,should be "rich"? Anyone? Oh, that's right;no one should be "richer" than anyone else,and we should all carry figurative Mao-suits for-cheque-books round in our back pockets. RUssia tried that. WHat a fuckup. ANd hmm, lemme see... if the "richest" 300 million (and I'll BET you're one of them if you're reading this ), shared all their wealth with the other 5.7 billion

....(that's right, if the "rich" have to sacrifice for you, then you have to sacrifice for all THOSE FURTHER DOWN THE SCALE, or does that not fit with your "poorer therefore holier" moral crusade.??) ...

Again, start a crusade. Sell your computer and contribute that and 75% your weekly income to save the starving in africa and SthAmerica, and NY and London. After all, they see you as "rich" coz you've got a flash bike and a watch.... not to mention that groovey laptop and credit card, and white skin. And your education. And your privileged coffee with breakfast, or for that matter, breakfast!

YEs I know, you're sitting there in your little leftist shell glowering at this, but why not look at exactly how and why you're looking at this; a) you've got a computer and a web connection, so you're definitely not hungry b) you're highly literate, so somehow some goverment taxed the "rich" more than the "poor"(fair enough) to educate you (unless your parents were "rich" and put you through private schools which just makes your boojwah ass even more hypocritical) c) accept that there's a whole world out there and not everyone wants to wear Mao suits, or any other uniform, or be uniform in any actual or figurative form.

If just being "rich" makes someone abhorrent to you, it's you who has the problem. If their behaviour seems abhorrent have the guts to front them, not screech anonymously on the web to a whole raft of likeminded converteds. Seek out that "rich" persons perspective and wonder to yourself how much tax they paid to get there and how many "poor" actually have a job due to their savings capital funding small businesses and the entire "system"... and if you hate the "system" then show some guts!!! Don't use public roads, public hospitals, public toilets, public transport or any banks, shops, computers (isn't Bill Gates a bitch!, and as for that Dell bastid...) or wear clothing made of fibre or skins you didn't grow andpummle and spin or hunt down and gut and skin yourself. You see , sadly capitalism has it's flaws, but it sure has worked.... don't bitch at the ritch... accept that there's an inevitable consequence of civilisation, and that's that no two people are the same, and in fact that the nice little lilypad your boojwah ass is parked is a consequence of that. You're richer than the vast majority are. Either sell up and give it all away to the guy in the dumpster/refugee camp and go bush. 6 billion people shitting in the bush and the rivers ain't a good look for the planet; but doncha just hate those utility corporations! But hey, they're part of the "system" so we simply gotta shit all over the planet... duhhh?Ok, you contend that the rich should be taxed more, to treat your shit via public owned sewage works, just to level out the playing field, and to get those horrible utilities of the NYSE. It's good that the rich pay to treat your shit. ANd you pay to treat the shit of someone "poorer" than you??? Get a grip.

The past 100 years have been the only period in history where the general population's (in the West at least, but it's a good start) been generally wealthy enough to genuinely be able to create charity and a "system" beyond literally hand to mouth existence for the working man and woman, a bed for the VERY sick at hand. If some people got rich driving that general wealth upwards, then that's ok by me. The alternative is pretty crappy. Look at Eastern Europe pre 1989 (I did) Look at China pre 1996 (I did). THAT's what the Mao-suit-cheque-book looks like. Cruelty and poverty.... which as been the way of all people, cultures and undeed creatures since the first primordial slime. I repeat; Capitalism has it's flaws, but the alternatives are pretty crappy. Have a lovely day, and make sure you hand out your wealth judiciously.
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Re: Question for wealthy ppl

Unread postby Pretorian » Thu 29 May 2008, 12:48:47

$this->bbcode_second_pass_quote('kellan1776', '
')There have always been people like you who have hated those who have worked harder and have a little more.


I don't hate people who have worked more. I absolutely love them, in fact. I hate those who swindled more than I did. I just believe its better for everybody to cut down 1 big fat pig than a dozen of really small and skinny ones ( especially if they are hard workers, that won't be nice at all ) .

$this->bbcode_second_pass_quote('kellan1776', '
')These people are a small minority. Fortunately the vast majority of people in the western world believe in hard work, obeying the law, paying taxes and keeping most of what you earn.


Right! If not then where all those money went, at the rate of $900 per child per month! I am with you on this one. None of us wants extra competition at our own cost. The sheep should work hard and be poor.

$this->bbcode_second_pass_quote('kellan1776', '
')Communism never worked and is a failed theory.


Who is talking about communism? Neverthless, many people enjoyed power/money thanks to it, so you might have enjoyed it.

$this->bbcode_second_pass_quote('kellan1776', '
') You seem to hope for anarchy as if you will come out ahead or be protected. You wont.

I don't need any anarchy for that. I can make you kiss my feet for allowing you to donate everything you have to some charity gig of a friend of mine, using a current legal system. I won't tell you how, but I hope you get the gist. The anarchy will just add volume and decrease "processing" time.

$this->bbcode_second_pass_quote('kellan1776', '
')You will always be a failure in life because of your attitude, and will always be poor.

what in the world made you think I am poor? I own several properties in Eastern Europe and South America, I drive a brand-new SUV and fly to Europe regularly. I spend a good money on a good food, I buy expensive coins which will be worthless after TSHTF and with all that I save money and don't have debts, not
the ones which will ever be paid anyway.
Granted , I don't pay as much taxes as you do, and have never given anything to any charity ( does feeding birds/ homeless cats, dogs count? I am thinking about claiming a tax-break for that)

$this->bbcode_second_pass_quote('kellan1776', '
') Fortunately you are a faceless nameless coward hiding behind your computer.
A faceless nameless coward? Moi? I guess it was me who set up a clon just to blabb something about your richie rich high morals . So how about exchanging our names and locations? We can do it in private, if your braveness wishes so.


$this->bbcode_second_pass_quote('kellan1776', '
')By the way my father nor GF were rich. I used to be so poor I ate nothing but flour tortillas for a week. (kind of like a billion people live every day in the world :() I now have more than enough. Not because of stealing but because of frugality and helping people who value my services.
Of course, of course. A lawyer, I guess :)) ?
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Re: Question for wealthy ppl

Unread postby Jack » Thu 29 May 2008, 13:06:48

$this->bbcode_second_pass_quote('kellan1776', 'F')ortunately you are a faceless nameless coward hiding behind your computer. Most of the 30 some odd billion people who have lived on this planet would change places in a second with any of us.


30 some odd billion people? Now there's an interesting number.

I would agree that there are around 6.4 billion odd people - and about 100 million reasonably normal people.

By 30 billion odd people? No wonder we're so messed up!

:roll:
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Re: Question for wealthy ppl

Unread postby Bman4k1 » Thu 29 May 2008, 16:50:42

$this->bbcode_second_pass_quote('Soup', 'O')K all you cynics.... let's see if any of you can actually take up the cudgels as opposed to just whining on the web. Start a movement. Work your asses off , provide a whole raft of jobs for others,and sacrifice the best years of your life to get "rich" (whatever the hell that is, nett worth over $1m? I dunno)... then consciensciously share it with the "poor" (whatever the hell that is... nett worth under $10K ? I dunno)
To those who partake of the religion of Rich-Hate; You're either too lazy and jealousy is your suit, or you simply don't want to work that hard, and jealousy is your suit.

What do you want from the "rich"? Their spare time (they ain't got less than you I'd bet), their car? their money? (what for?), WHat is is you want from them... ahhah! I got it; you want their WEALTH.

Hmmm. And you really really really don't want THEM to be rich.

Who ,then ,should be "rich"? Anyone? Oh, that's right;no one should be "richer" than anyone else,and we should all carry figurative Mao-suits for-cheque-books round in our back pockets. RUssia tried that. WHat a Fark. ANd hmm, lemme see... if the "richest" 300 million (and I'll BET you're one of them if you're reading this ), shared all their wealth with the other 5.7 billion

....(that's right, if the "rich" have to sacrifice for you, then you have to sacrifice for all THOSE FURTHER DOWN THE SCALE, or does that not fit with your "poorer therefore holier" moral crusade.??) ...

Again, start a crusade........

YEs I know, you're sitting there in ........

If just being "rich" makes someone ..........

The past 100 years have been the only period in history where the general population's (in the West at least, but it's a good start) been generally wealthy enough to genuinely be able to create charity and a "system" beyond literally hand to mouth existence for the working man and woman, a bed for the VERY sick at hand. If some people got rich driving that general wealth upwards, then that's ok by me. The alternative is pretty crappy. Look at Eastern Europe pre 1989 (I did) Look at China pre 1996 (I did). THAT's what the Mao-suit-cheque-book looks like. Cruelty and poverty.... which as been the way of all people, cultures and undeed creatures since the first primordial slime. I repeat; Capitalism has it's flaws, but the alternatives are pretty crappy. Have a lovely day, and make sure you hand out your wealth judiciously.


Well welcome to the boards.

Capitalism is based on infinite growth in a finite world (i stole that from someone on the boards). Capitalism is unsustainable period. I have nothing wrong with people making money and owning a business and giving people jobs. The only proplem is that when say a business has flat sales, it is suddenly a bad company. It needs to grow constantly, constantly make more and more and more. When does it end? When you have a monopoly on the market? Monopolies go against the very nature of capitalism, but that is what businesses go for, increasing market share. Well no you need to still grow and grow.

Capitalism is all about getting more and more. This is at the heart of the whole issue of PO. People aren't satisfied with what they have, this constant growth has created Peak Oil. Capitalism encourages greed, and greed encourages living unsustainable.

$this->bbcode_second_pass_quote('Soup', '
')If some people got rich driving that general wealth upwards, then that's ok by me.


Keyword: Upwards, not downwards, this greed and obsession with accumulating wealth is the reason why we are in this mess in the first place.

Of course people in the boards are obviously better off than others. That is not the issue. Maybe some on these boards are really really well off (not me). Thats not the issue. These people are simple "blessed" or "lucky" (religious or athesist). The real issue is the constant drive for accumulating more and more has created PO. People have to learn to be happy with what they have, maybe make a little more, and generally live a sustainable happy life. People, however, have to get away from the "I wanna be f'ing rich" "I wanna be richer than my neighbor" this is greed, and blind greed created PO.

Cheers.
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Re: Question for wealthy ppl

Unread postby vision-master » Thu 29 May 2008, 16:57:30

Not me, I'm on a fixed income, but time-rich anyhoo.
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Re: Question for wealthy ppl

Unread postby smiley » Thu 29 May 2008, 17:45:27

Becoming rich is a matter of constraint rather than anything else.

In order to become really rich you must keep your expenditures below your income. And you should do that for a very long period. That is why an overwhelming majority of the rich are really modest people. I don't think they should be blamed.

Don't confuse the people you see on MTV cribs flashing their car collection, with being rich. Having spend their record revenues as well as future (anticipated) revenues they are bankrupt the moment the record company drops them.

And that is really the problem. People spending things they don't have or cannot afford to spend.

And that is not confined to those MTV brats, and not to money alone. When you look at our world, our resources and our climate you see that what we are doing is taking a deposit on our future.
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Re: Question for wealthy ppl

Unread postby Bman4k1 » Thu 29 May 2008, 17:49:28

$this->bbcode_second_pass_quote('smiley', 'B')ecoming rich is a matter of constraint rather than anything else.

In order to become really rich you must keep your expenditures below your income. And you should do that for a very long period. That is why an overwhelming majority of the rich are really modest people. I don't think they should be blamed.

Don't confuse the people you see on MTV cribs flashing their car collection, with being rich. Having spend their record revenues as well as future (anticipated) revenues they are bankrupt the moment the record company drops them.

And that is really the problem. People spending things they don't have or cannot afford to spend.

And that is not confined to those MTV brats, and not to money alone. When you look at our world, our resources and our climate you see that what we are doing is taking a deposit on our future.


I agree 99% of what you said. Some rich people aren't modest, but for the most part, well off people are modest for sure.

And what you said is exactly the same reason why we have PO in the first place. Putting a deposit on the future, I like it, Im going to steal the phrase if you don''t mind.
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Re: Question for wealthy ppl

Unread postby btu2012 » Thu 29 May 2008, 19:56:30

I think that there are 3 classes of "rich":

1) The self-made rich, who usually accumulated their wealth by being frugal and owning a business. There are the majority of the "rich" with net worth in the 1 million-20 million dollar range. The anti-wealth criticism in this thread doesn't really apply well to those people

2) The "show off rich" -- mostly celebrities, windfall winners and over-paid executives, who are actually conspicuous spenders rather than rich on a net worth basis. These have a philosophy which is diametrically opposed to those in group 1)

3) The "generationally rich", which is what would properly be termed the "overclass". These are members of a small number of extremely rich families who managed to transfer and increase their hereditary wealth through generations. Examples include the Rockefellers, Rothschilds, Du Ponts etc.

It is the third group who is the proper target for the criticism in this thread. Such people rarely have to work directly for their wealth -- at least after the second or third generation, and their wealth is mostly managed by others. These are the owners of the great banks etc. They do have quite a bit of illegitimate influence on the affairs of nations, and pursue their own political and social agendas in ways which are not transparent to the public. Perhaps surprisingly for some people, they usually pursue a strategy of inclusion and co-optation rather than one of direct conflict.

The members of class 1) are poor when compared with class 3), and they are famously looked down upon by the latter.

One needs to keep these distinctions in mind when discussing inequality. Someone with a net worth in the lower millions is not a member of the hereditary over-class, whose net worth usually counts in the billions. There is a vast difference between the values and world view of someone like RedStateGreen and someone like Jacob de Rothschild.

I am sure that those posters here who work in high finance can confirm the distinctions above, which are well understood in those circles.

So in a sense both sides of the discussion in this thread are right, and both of them are wrong. :wink:

People like RedStateGreen are hardly the "class enemy" of Marxist ideology, though people like Rockefeller might be construed as such.

On the other hand, the conspicuous spenders in class 2) are largely over-compensated people, whose earnings level could hardly be justified by their contributions to society. It should be pointed out, however, that the public at large seems to allow such compensation levels to continue, for example shareholders continue to support obscene levels of executive compensation for purely selfish reasons.

Another observation concerns the generational factor. Most people in class 1) were not born into wealth, but their children will be. These children are likely to develop the pathologies pointed out by other posters, unless their parents are extremely careful and strict with their education.

It is people born into wealth who tend to look down on those who where not so born, as I am sure that RedStateGreen can confirm. This is why someone like Warren Buffett is very strict with his son.

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