What so Bad with the Rich Getting Richer???

51 replies
  • OFF TOPIC
  • |
Rant of the Day..I apologize in advance

There are people that make a tremendous income online. What's so wrong with them getting richer? You hear people say all the time...if he makes a million a year online, its not right that he is charging for his ebook, or for a consultation, or for anything.


In my mind, if he is providing adequate value for the price he/she is charging, why shouldnt he charge for the value he is providing?

I am hugely in favor of charity and make it a part of every venture I get into, but why is it so wrong for a rich person to get richer if they are providing value.

Why is it wrong that a rich IMer comes out with a 7 figure launch if the product is good?


grrrr...sorry for the rant
  • Profile picture of the author KenThompson
    Originally Posted by Kenster View Post

    Rant of the Day..I apologize in advance
    No need to apologize, Kenstah.

    But you have just used your last rant coupon for 2010. You're gonna have to
    suck it up until next year.


    What's so wrong with them getting richer? You hear people say all the time...if he makes a million a year online, its not right that he is charging for his ebook, or for a consultation, or for anything.
    I travel in circles. Oh wait! I don't travel in large circles. lol. That doesn't sound
    right, either.

    But anyway... I can honestly say I've never heard anyone say that. You gotta stop
    hangin' with the newbs? lol But seriously (I'm rarely serious late at night after writing
    all day and my brain is fried), it surprises me that people would think or say that.

    Why is it wrong that a rich IMer comes out with a 7 figure launch if the product is good?
    I don't see anything wrong with it if the product is good. Actually, I don't really care
    if the person launches a bad product. Maybe that doesn't sound right, but I do have
    a hard time caring about it.

    But maybe I shouldn't be responding, either. (?)

    grrrr...sorry for the rant
    Well, one more grrr outta you and we're gonna have to find a suitable punishment
    for you.


    Ken
    {{ DiscussionBoard.errors[2590838].message }}
  • Profile picture of the author Chris Worner
    The problem with western society nowadays is that we have been taken over by leftists who's motto is basically success is bad(Just read some of the garbage written on the Huffington Post and other leftist websites)

    A lot of people are lazy and have entitlement mentalities and so they try to bring others down to their level.

    I could go on but you get the picture I think.

    Respectfully
    Chris
    Signature

    {{ DiscussionBoard.errors[2590939].message }}
    • Profile picture of the author TimPhelan
      Ridiculous. This country has never been more to the right than it is now. Plus, I've never heard a progressive say successs is bad. That's just pure made up BS.

      Originally Posted by Chris Worner View Post

      The problem with western society nowadays is that we have been taken over by leftists who's motto is basically success is bad(Just read some of the garbage written on the Huffington Post and other leftist websites)

      A lot of people are lazy and have entitlement mentalities and so they try to bring others down to their level.

      I could go on but you get the picture I think.

      Respectfully
      Chris
      Signature
      {{ DiscussionBoard.errors[2646180].message }}
    • Profile picture of the author iobeek
      Originally Posted by Chris Worner View Post

      The problem with western society nowadays is that we have been taken over by leftists who's motto is basically success is bad(Just read some of the garbage written on the Huffington Post and other leftist websites)

      A lot of people are lazy and have entitlement mentalities and so they try to bring others down to their level.

      I could go on but you get the picture I think.

      Respectfully
      Chris
      Nailed it. I think it is not so much right-left thing. It is just laziness. Lots of people just think that they are entitled to have a job, money or whatever.
      You will not believe what some of the people come up with. I was talking to a guy couple of days ago and we were talking about inheritance. His opinion was that all inheritance needs to be transfered to the government(country). That way a country would have enough budget and could take care of all people. What's up with that ? I went silent, was speechless. Didn't know what to say....what can you say ?
      Signature
      Are you ready for some usability scrutiny? Click Here

      {{ DiscussionBoard.errors[2671104].message }}
      • Profile picture of the author seasoned
        Originally Posted by iobeek View Post

        Nailed it. I think it is not so much right-left thing. It is just laziness. Lots of people just think that they are entitled to have a job, money or whatever.
        You will not believe what some of the people come up with. I was talking to a guy couple of days ago and we were talking about inheritance. His opinion was that all inheritance needs to be transfered to the government(country). That way a country would have enough budget and could take care of all people. What's up with that ? I went silent, was speechless. Didn't know what to say....what can you say ?
        You see, I think all people like that should get together, and go to cuba or china. THEN everything will be JUST like they want it!

        Steve
        {{ DiscussionBoard.errors[2712380].message }}
  • Profile picture of the author PEIProfit_Katie
    This.

    A lot of the people who want to complain are people who are frustrated with not knowing the 'secrets', or 'where to start'. Most people have it in them to reach similar success, it's just a different type of personality that lacks the effort.

    Don't take it personally
    Signature
    {{ DiscussionBoard.errors[2591580].message }}
  • Profile picture of the author tryinhere
    the rich get richer the poor get the picture
    burn the midnight oil - and read about it

    Signature
    | > Choosing to go off the grid for a while to focus on family, work and life in general. Have a great 2020 < |
    {{ DiscussionBoard.errors[2591654].message }}
  • Profile picture of the author seasoned
    You know, it is AMAZING the hypocrisy you hear! My favorite is STILL the guy I know that makes MILLIONS every year owns restaurants, bars, grocery stores, and parking lots, says EVERYONE should pay more in taxes, wanted to raise taxes, etc... but STATES, at least to friends, that HE does NOT pay all his taxes! A lot of business is CASH, and he simply doesn't report it!

    One FAMOUS and ****RICH**** actress said she has lots of friends on welfare. She could help them out! She could have OTHERS help them out possibly at NO cost to her! Has she? Apparently NOT! She wants the REST of the US to subsidize them. Don't you just LOVE the actresses and actors that feel that simply MENTIONING a problem, EVEN a very old and wellknown one, should make them some sort of HERO!?!?

    And then there is the thread I created recently where some call you a CHEAPSKATE if you don't want to subsidize bad food servers, because the servers EXPECT IT! Well HEY, then I expect THEM to subsidize ME! WILL THEY? NOPE! Hypocritical? YEP!

    HEY, I'm not a millionare! I have made OTHERS millions! Even the guy I started off talking about, I helped HIM probably to the tune of thousands. I saved at least 3 businesses! I helped MANY others. Did I ask for even 1% of the profit? NOPE!

    BTW I don't fault anyone for getting rich if they are providing value.

    Steve
    {{ DiscussionBoard.errors[2591854].message }}
    • Profile picture of the author Freeman A
      [DELETED]
      {{ DiscussionBoard.errors[2592003].message }}
      • Profile picture of the author seasoned
        Originally Posted by poorman View Post

        The only problem with the rich getting richer is that, the poor gets poorer. However, if the rich uses his advantage to help alleviate the poverty of the poor, then there is nothing wrong with the rich getting richer. In a situation where the rich pumps millions or even billions of dollars into his or her bank account while the poor wallows in poverty with nothing at all to eat then there is something wrong with the rich getting richer.
        WRONG!

        GIVE ME A BREAK!

        So because what I do doesn't make the POOR richer it is bad? Not that I am RICH!

        Never mind that lives get saved!

        Never mind that people get jobs, the jobs are easier to do, or they get more free time.

        OH YEAH, people get to KEEP jobs ALSO!

        So why don't the POOR help those that are poorer? HECK, some won't even help THEMSELVES, and that is MOST of the problem in the US!

        BTW corporate welfare, BRIBES, etc... REDUCE value, so basically my last post covered that. I DO fault a company like GUCCI getting as rich as they do! $1200 for ONE piece of luggage(based on 1990 prices, and NOT accounting for inflation)? COME ON! For that price I expect AT LEAST some heavy gold electroplate. And some little bags cost a LOT more. That is NOT value in my book.

        Steve
        {{ DiscussionBoard.errors[2592181].message }}
        • Profile picture of the author inet2
          Originally Posted by seasoned View Post

          WRONG!
          BTW corporate welfare, BRIBES, etc... REDUCE value, so basically my last post covered that. I DO fault a company like GUCCI getting as rich as they do! $1200 for ONE piece of luggage(based on 1990 prices, and NOT accounting for inflation)? COME ON! For that price I expect AT LEAST some heavy gold electroplate. And some little bags cost a LOT more. That is NOT value in my book.

          Steve
          You can't fault Gucci for it...people choose to pay $1200 for that bag...to them I guess it does represent good value as they get the 'prestige' of owning it / ego boost or whatever.

          If you can convince people to pay $1200 for a bag that costs $20 to product, well done I say!

          At least in that case its the rich making the rich richer (If you can afford $1600 for a damn bag you are rich in my opinon!)

          Dave
          Signature

          "'Im not addicted...I just enjoy it too much to quit"

          {{ DiscussionBoard.errors[2592250].message }}
        • Profile picture of the author KenThompson
          Originally Posted by seasoned View Post

          I DO fault a company like GUCCI getting as rich as they do! $1200 for ONE piece of luggage(based on 1990 prices, and NOT accounting for inflation)? COME ON! For that price I expect AT LEAST some heavy gold electroplate. And some little bags cost a LOT more. That is NOT value in my book.

          Steve
          What do you fault them for? They're just providing what a market
          wants, not that providing to a market makes everything ok in all
          situations.

          I used to know someone who worked in a call center, and they had
          contracts for various catalog companies. They handled orders, CS, etc.

          She told me lots of interesting stories. People would order things like
          gold-plated tampon cases that cost 1000 or 1500.00. Don't remember
          which one, but it was ridicuously priced.

          There's a market for that kind of stuff. But for me, even if I had billions,
          I think I would draw the line with something outrageously priced. (And
          no jokes from Kurt about that - I can see it coming.)

          I don't think that's good value, either, but who cares if someone else
          thinks it is?

          Well, you know.. or at least I believe, some various social programs, that
          have existed for decades, are huge successes for making large segments
          of society dependent on the those programs. I don't believe such plans
          have anything built into them that encourages those who belong to those
          programs to become self-sufficient.

          There must be a huge social and cultural sea change before that happens.
          But the thing about it is this; if people who are on welfare (for example) are
          weaned off of it, then all the doors should be shut to corporate welfare, too.

          Did it ever occur that welfare for the poor could possibly help justify welfare
          for corporations?

          Those who work and constitute the bulk of the tax base, in the US, are the
          work horse that feeds certain elements of both extremes. That work horse
          is a sleeping giant, in my opinion, and anything is capable of getting pissed off.
          I think 'they're' betting that never happens.


          Ken
          {{ DiscussionBoard.errors[2592376].message }}
        • Profile picture of the author Kurt
          Originally Posted by seasoned View Post

          WRONG!

          GIVE ME A BREAK!

          So because what I do doesn't make the POOR richer it is bad? Not that I am RICH!

          Never mind that lives get saved!

          Never mind that people get jobs, the jobs are easier to do, or they get more free time.

          OH YEAH, people get to KEEP jobs ALSO!

          So why don't the POOR help those that are poorer? HECK, some won't even help THEMSELVES, and that is MOST of the problem in the US!

          BTW corporate welfare, BRIBES, etc... REDUCE value, so basically my last post covered that. I DO fault a company like GUCCI getting as rich as they do! $1200 for ONE piece of luggage(based on 1990 prices, and NOT accounting for inflation)? COME ON! For that price I expect AT LEAST some heavy gold electroplate. And some little bags cost a LOT more. That is NOT value in my book.

          Steve
          What are you, a politician? First you're against people being against the rich, then you're against the rich yourself.

          Can you give us a hint to what you really feel? Can't have it both ways, pick a side.

          And, your "logic" that since the poor don't help the poor (although you just blurt this out and don't support the statement in any way) means YOU shouldn't help the poor? You're just full of excuses as how you can save a $1 aren't you? I can tell you spend a lot of thought about ways not to give money because you share a lot of them with us.
          Signature
          Discover the fastest and easiest ways to create your own valuable products.
          Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
          {{ DiscussionBoard.errors[2592577].message }}
    • Profile picture of the author SeverinH
      Fantastic point about actors. I couldn't agree with you more. Having a society in which the rich get richer makes sense, as long as their is opportunity for the poor to move up. Which there is in many countries, all you have to do is get off of your butt.
      {{ DiscussionBoard.errors[2658921].message }}
  • Profile picture of the author derekwong28
    There are some instances when the rich getting richer could have bad consequences for most other people. Take for instance luxury properties. They rise up the most when property prices go up and pulls the rest of the housing market with it. We saw this with the Eastern European Oligarchs in London and the super wealthy mainland Chinese in Hong Kong. Moroever, the properties they bought are often left empty and therefore reducing supply and pushing up selling and rental prices further.
    Signature

    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

    {{ DiscussionBoard.errors[2592096].message }}
  • Profile picture of the author thunderbird
    It really depends on how the rich get richer. If wealth is gained through taxpayer-funded welfare at the expense of the truly needy, as is the case with corporate welfare, then it is bad. If it is through honest enterprise such is internet marketing, selling legitimate products, then it is good.
    Signature

    Project HERE.

    {{ DiscussionBoard.errors[2592171].message }}
  • Profile picture of the author thunderbird
    For example, how do you feel about billions of US taxpayer dollars being pumped into an organization that practices murder, rape, torture, pimping, and child molestation? That is the case with Xe (formerly called Blackwater).
    http://rawstory.com/08/news/2009/08/...d-prostitutes/
    Signature

    Project HERE.

    {{ DiscussionBoard.errors[2592281].message }}
  • Profile picture of the author seasoned
    OK KURT, Have it your own way, everything should be ten times the cost, or the current highest cost of the item. Need a hammer? Better mortgage your house, or take money from your IRA, that $90,000 hammer is a DOOSY! I wonder how much nails cost!

    OH, and we probably need jobbers to get the lowest price. Is that even possible? Some say their take is over 100%! WHOOPS, that $90,000 hammer just went to $360,000(The same people that say jobbers get 100%+ say the same about stores)

    And some companies won't sell to the public! I once had a customer that was less than a block away from the maker of an item he needed, NOVATION. He asked them if he could buy an APPLE-CAT. he was EVEN willing to pay FULL RETAIL! You know what they said? BUY IT FROM A STORE! Of course, there weren't many stores around that sold it. as I recall, he ended up getting a DC HAYES modem(their main competitor). He got THAT from a store! What does wikipedia say about novation?

    Novation was an early modem manufacturer whose CAT series were popular in the early home computer market in the late 1970s and early 1980s, notably on the Apple II. The Hayes Smartmodem 300, introduced in 1981, helped kill off Novation and many other early modem companies over the next few years.
    I once ran a distribution business, and borland told me they wouldn't do business with me as a distributer if I did business with the public. I have to wonder how softsel managed. Everyone KNEW they advertised and sold to the public. Does anyone here remember the colorful glossy softsel 100 nearly every store hung up. The STORES idea was to get you to read and consider buying other things, almost like amazon's 100. SOME actually started doing business wih softsel that sold at lower prices.

    WHEN did I say how to save a dollar to you? AND, if I did, what is wrong with that? HEY, want to waste $100,000 easy? Go down to the CA DMV, or someplace similar, and just throw it over the counter. Leave quickly in case you happen across the 1 honest person there and he is super strong or the boss. Of course, you COULD just send it to the IRS. HEY, that is a GREAT way to lose money. Congress will hear about it, and spend $400,000+!

    Steve
    {{ DiscussionBoard.errors[2592601].message }}
    • Profile picture of the author Kurt
      Originally Posted by seasoned View Post

      OK KURT, Have it your own way, everything should be ten times the cost, or the current highest cost of the item. Need a hammer? Better mortgage your house, or take money from your IRA, that $90,000 hammer is a DOOSY! I wonder how much nails cost!

      Steve
      Who cares if I make 20X as much money? And I buy that $90,000 hammer with my $20 trillion a year job.

      But with Steve-o-nomics, you'll have to sell that hammer for 3 cents, because no one will have any money, so you can't sell it at a profit.

      See, I can make up stuff in my little world too.

      Plus, I told you to pick a side. You're talking out of both sides of your mouth. Are you for or against "I DO fault a company like GUCCI getting as rich as they do!"?

      Even your last post contradicts the statement in red. I know, you were against it before you were for it...
      Signature
      Discover the fastest and easiest ways to create your own valuable products.
      Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
      {{ DiscussionBoard.errors[2592628].message }}
  • Profile picture of the author KenThompson
    If I remember correctly, I believe "we've" bought 100,000.00 hammers and
    toilets courtesy of the gubmnt, etc. I'm sure you guys have seen those
    stories over the years.

    I think the gold plated tampon holder was out of an Abercrombie & Fitch (sp?)
    catalog. I think...

    Just in case anyone's interested.


    Ken
    {{ DiscussionBoard.errors[2592693].message }}
    • Profile picture of the author seasoned
      Originally Posted by KenThompson View Post

      If I remember correctly, I believe "we've" bought 100,000.00 hammers and
      toilets courtesy of the gubmnt, etc. I'm sure you guys have seen those
      stories over the years.

      I think the gold plated tampon holder was out of an Abercrombie & Fitch (sp?)
      catalog. I think...

      Just in case anyone's interested.


      Ken
      SHOOT, I thought we got them for $90,000! What a RIP! Oh well "it's only an 11% markup!"!

      Hey kurt, buy the hammer from the government(they may want a markup and bond), throw it through the DMV, who will charge for damages, there may be a fine, etc... MAYBE congress will STILL spend the money several times over. But you don't have to worry about honest people messing things up!

      Steve
      {{ DiscussionBoard.errors[2592713].message }}
  • Profile picture of the author seasoned
    Kurt, I bet you would be screaming bloody murder if they even charged 10 times the price. apparently a lot of cheap luggage companies want over $600 a bag retail. The gucci bag I referred to IS better, although no better than the average bag USED to be. IMAGINE if the cheap bags actually cost $6000(for ONE bag!)! A carry-on would probably cost $3000. The average long term traveller would be paying $9000 or more for the BAG! If airline tickets went up the same amount, you are talking about $27,000 for COACH! Even 10 times would be $4,500.

    But don't worry, they'll probably get takers. Maybe they can reduce the number of flights and the size of the planes AGAIN!

    Steve
    {{ DiscussionBoard.errors[2592706].message }}
    • Profile picture of the author Kurt
      Originally Posted by seasoned View Post

      Kurt, I bet you would be screaming bloody murder if they even charged 10 times the price. apparently a lot of cheap luggage companies want over $600 a bag retail. The gucci bag I referred to IS better, although no better than the average bag USED to be. IMAGINE if the cheap bags actually cost $6000(for ONE bag!)! A carry-on would probably cost $3000. The average long term traveller would be paying $9000 or more for the BAG! If airline tickets went up the same amount, you are talking about $27,000 for COACH! Even 10 times would be $4,500.

      But don't worry, they'll probably get takers. Maybe they can reduce the number of flights and the size of the planes AGAIN!

      Steve
      As always, you miss the point. I DON'T CARE about Gucci. If people are dumb enough to pay the price for just a label, so be it.

      You lost your bet.

      Now go back and answer the question that I've asked time and AGAIN!

      WHICH SIDE ARE YOU ON???

      You last Gucci comment only reinforces the hypocrisy of your first post.
      Signature
      Discover the fastest and easiest ways to create your own valuable products.
      Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
      {{ DiscussionBoard.errors[2646272].message }}
      • Profile picture of the author seasoned
        Originally Posted by Kurt View Post

        As always, you miss the point. I DON'T CARE about Gucci. If people are dumb enough to pay the price for just a label, so be it.

        You lost your bet.

        Now go back and answer the question that I've asked time and AGAIN!

        WHICH SIDE ARE YOU ON???

        You last Gucci comment only reinforces the hypocrisy of your first post.
        Just to clarify, the post you refer to here was NOT about gucci!

        I said "Kurt, I bet you would be screaming bloody murder if they even charged 10 times the price. apparently a lot of cheap luggage companies want over $600 a bag retail. The gucci bag I referred to IS better, although no better than the average bag USED to be. IMAGINE if the cheap bags actually cost $6000(for ONE bag!)! A carry-on would probably cost $3000. The average long term traveller would be paying $9000 or more for the BAG! If airline tickets went up the same amount, you are talking about $27,000 for COACH! Even 10 times would be $4,500."

        I said "CHEAP luggage companies", over $600, etc... OBVIOUSLY NOT talking about gucci! I then spoke about AIRLINE TICKETS! Does Gucci sell airline tickets too? I never saw planes with their lousy pattern on them.

        Ironically, if the cheap luggage bags sold in stores for the price many want them to(MSRP), I MIGHT buy the gucci luggage bags. The gucci luggage bags I saw ARE better! They are 1960 US quality, as opposed to the 1960 chinese JUNK of the average bag today. I am NOT willing to pay close to 24 times the price for it(at $1200+ for ONE bag), but WOULD maybe be willing to pay twice the price. HECK, I might even pay close to $300 NOW! That IS why I asked about the price. I'm always afraid that these bags will split, etc... One almost did, in fact the corner split open by about 5 inches(About 13cm). When I did work for hancock, I passed through a sort of mall every day. They had a few nice restaurants, a couple nice places, like dunkin donuts, and some.... Well, I have to describe them.....

        LARGE stores with NO open stock, few things for sale at VERY high prices! Almost like what you hear about some rodeo drive, CA stores, but with NO reservation needed. Not surprisingly, though they were often open, I never saw any customers. The OTHER places had customers California Pizza Kitchen was ALWAYS crowded. BTW "California Pizza Kitchen" was the name of the chain, they have restaurants all over the US.

        Boston, MA pizza restaurant - Call (617) 247-0888 | California Pizza Kitchen Massachusetts

        One of those stores sold only CHEAP(As in an EXTREME lack of quality and taste) luggage, and I wasn't willing to pay a super premium price for JUNK! Luckily I found a place a block away selling bags that were better quality, and FAR less garish, for about 1/12 the price.

        Steve
        {{ DiscussionBoard.errors[2666858].message }}
  • Profile picture of the author healthconverter
    The poor's problem is not that they aren't helping themselves. It's the fact that there really is no work. OK, you have a high school diploma and maybe an associates degree. That cut it in 1980 when you first got your job at the plant. But now you've been laid off and what do you have? 30 years of experience putting the heads on action figures, a high school diploma and a family. You're screwed, buddy.

    Rich people can get richer. It's just when the poor are getting poorer and poorer, we have an issue. Sure, maybe you can afford a media buy for your newly acquired product line, but, speaking as a formerly unemployed person (had once been unemployed, practically, for almost 1.5 years, working my ass off in day labor), if you can't afford payments on the minivan that you're living in, then you've got issues that the wealthy aren't going to address, by "providing jobs".
    Signature
    HealthConverter.com - The Premiere Health And Beauty Affiliate Network - Visit Us At Our Blog
    {{ DiscussionBoard.errors[2592761].message }}
    • Profile picture of the author seasoned
      Originally Posted by healthconverter View Post

      if you can't afford payments on the minivan that you're living in, then you've got issues that the wealthy aren't going to address, by "providing jobs".
      Well, that is one thing that project I helped with did nicely. And NO, I was just a helper there, the woman that helped start at least THIS one was a friend of mine, and invited me. So I helped out.

      But what we did was provide a safe place to stay the night, clean clothes, a way to clean clothes, a place to shower, transportation, food, and help to get a job. And people were looking for simple jobs, like one was trying to get a job handling car rentals. They wouldn't accept a disheveled, dirty, smelly, applicant that didn't fill out the application right, didn't have an address, etc... but we were there to make that same applicant look good.

      It was interesting to see her call the application a resume, etc...

      I don't know if this project is still as it was, but the nice thing is it was almost infinitely scalable. If need be, it could handle maybe millions of people. It used churches, synagogues, and other places at times when they weren't used for other things. So it was pretty unique. As I recall, it was called "project hope". But I don't know if it had a website, as I got into it BEFORE the world wide web. Like around 1991, 1992. Today, EVERYONE wants to call themselves project hope. 8-( Sadly, the only person I remember is the one that setup the city council meeting I attended for the same sort of thing. He is now a LIBERAL US representative heading a committee. I wish I really got to know him, maybe I could get some brownie points with some here. Brownie points - Wikipedia, the free encyclopedia

      And HEY, I called MY idea jacob's ladder. EVENTUALLY I thought of reserving the domain name. I did the project BEFORE the WWW. ALAS, THAT name is popular ALSO! It wasn't as scalable as the above program, but used what exists. And I was going to do it for FREE! If I charged a million for it I could have gotten a person to back me with data support. Talk about ironic.

      Steve
      {{ DiscussionBoard.errors[2593152].message }}
  • Profile picture of the author InternetWriter
    The poor only get poorer because they don't know how to spend money. Speaking from personal experience, my parents used to make $4k/month combined income with $1,150 rent and 3 kids.

    Now, by the end of the week(both got paychecks every 2 weeks) the money would be gone and we'd scrape by til we got another check.

    Now, I calculated everything down and if we saved, we'd have a huge reserve. But the 'poor' only know how to spend what they have. Majority of poor people(95% or more) are just idiots with money.

    Now, fast forward to me. I am 16 currently. I've made close to $60,000 in the past 6-7 months and starting out, I blew $20,000 like it was water. Once I made around $35,000, I started saying, "wtf is going on?" I have made all this cash and its all gone to ****.

    So now, fast forward the other $25,000 and I've been saving and reinvesting and LIFE IS GREAT!


    The rich get richer because they are smart with exchange(money used to be gold, or chickens, goats, and whatever else in the past xxxxxxxx years humans have existed).

    Yeah, sure some are innovative, these people WILL make millions but if you are stupid with money, then you'll continually lose your cash over and over.



    /rant is over
    Signature
    {{ DiscussionBoard.errors[2644738].message }}
    • Profile picture of the author derekwong28
      Originally Posted by InternetWriter View Post

      Now, fast forward to me. I am 16 currently. I've made close to $60,000 in the past 6-7 months and starting out, I blew $20,000 like it was water. Once I made around $35,000, I started saying, "wtf is going on?" I have made all this cash and its all gone to ****.
      (
      Congrats on your success. I found that property ownership is an important factor towards financial security. That is way at some stage in your life, you should buy rather than rent. Of course now, it is not a popular topic with so many home owners going under. With the requirement of a big initial deposit, I fear property ownership will become more and more out of reach for many people.
      Signature

      Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

      {{ DiscussionBoard.errors[2645147].message }}
    • Profile picture of the author Kurt
      Originally Posted by InternetWriter View Post

      The poor only get poorer because they don't know how to spend money. Speaking from personal experience, my parents used to make $4k/month combined income with $1,150 rent and 3 kids.

      Now, by the end of the week(both got paychecks every 2 weeks) the money would be gone and we'd scrape by til we got another check.

      Now, I calculated everything down and if we saved, we'd have a huge reserve. But the 'poor' only know how to spend what they have. Majority of poor people(95% or more) are just idiots with money.

      Now, fast forward to me. I am 16 currently. I've made close to $60,000 in the past 6-7 months and starting out, I blew $20,000 like it was water. Once I made around $35,000, I started saying, "wtf is going on?" I have made all this cash and its all gone to ****.

      So now, fast forward the other $25,000 and I've been saving and reinvesting and LIFE IS GREAT!


      The rich get richer because they are smart with exchange(money used to be gold, or chickens, goats, and whatever else in the past xxxxxxxx years humans have existed).

      Yeah, sure some are innovative, these people WILL make millions but if you are stupid with money, then you'll continually lose your cash over and over.



      /rant is over

      This is sooooooo naive it's ridiculous.

      It assumes everyone in a society can sell things that don't matter and society will still function.

      Are the 911 techs that work for minumum wage idiots? Are the miliatary defending your right to call them idiots, idiots?

      All those working people you call stupid are the ones that actually make the world go round. I don't need your product, but I do need the trash guy to come pick up the trash.

      Don't over-value your worth to society based only on the money you make, only an idiot would do that.
      Signature
      Discover the fastest and easiest ways to create your own valuable products.
      Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
      {{ DiscussionBoard.errors[2645967].message }}
  • Profile picture of the author Kurt
    PS...Some rich get richer because their parents gave them a head start and some get richer because they have money to lobby politicians, others get rich from government contracts. giving them an unfair advantage over someone smarter and more hard working.

    Others use their money for legal leverage over poorer, smarter, harder working people.

    I'm not saying all wealthy people didn't earn their money honestly or fairly, only that there are advantages some wealthy people have that tilt the playing field in their favor.

    Many advantages are created by manipulating the system in their favor. And when the system is tipped in the favor of the wealthy, the poor will get poorer, and that's what we need to be concerned with.
    Signature
    Discover the fastest and easiest ways to create your own valuable products.
    Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
    {{ DiscussionBoard.errors[2646000].message }}
  • Profile picture of the author derekwong28
    We are in a situation when the rich could get richer at the expense of the poor. In a few years now, you will see people who made a fortune out of foreclosure properties.
    Signature

    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

    {{ DiscussionBoard.errors[2652859].message }}
    • Profile picture of the author thunderbird
      Originally Posted by derekwong28 View Post

      We are in a situation when the rich could get richer at the expense of the poor. In a few years now, you will see people who made a fortune out of foreclosure properties.
      I guess what I really hate is how so many wealthy and powerful people who now advocate punishing and penalizing people for being poor became rich via sponsoring or buying off politicians and looting taxpayers' money. It is hypocrisy at its worst.
      Signature

      Project HERE.

      {{ DiscussionBoard.errors[2654360].message }}
    • Profile picture of the author seasoned
      Originally Posted by derekwong28 View Post

      We are in a situation when the rich could get richer at the expense of the poor. In a few years now, you will see people who made a fortune out of foreclosure properties.
      ACTUALLY, this is an example of the rich getting POORER, and the OK possibly getting richer. YEAH, I know, you don't see it. Let me illustrate!

      You buy a house for $200,000 at 5%, with maybe nothing down.
      The selling RE AGENT gets $6000 commission(STANDARD RATE!)
      The buying RE AGENT gets $6000 commission(STANDARD RATE!)
      There may be $5000 in closing costs.
      The bank pays $217,000. GRANTED as much as $5000 might simply go to the bank.
      The "owner" moves in, and doesn't pay. They get to stay for 6 MONTHS or more under some rules.

      The home is foreclosed, and the market has dropped 10%!

      The bank has a hard time selling, sells at auction, and it sells for $150,000.

      The buyer takes out a loan with them at 5%. with a $5,000 closing.

      OK, LET's see who wins!!!!!

      BANK LOSES as much as $67,000 plus any other costs for the auction, financiang, etc...
      "owner" loses NOTHING! They got 6 months FREE room!
      The second buyer has only $25,000 equity, IF he is lucky!

      SO, want to reconsider your statement?

      Steve
      {{ DiscussionBoard.errors[2658898].message }}
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Kenster View Post

    There are people that make a tremendous income online. What's so wrong with them getting richer?
    In my opinion, there's absolutely nothing wrong with that at all.

    I think there's a growing awareness and realisation, though, in Western societies, that increased disparities between the rich and the poor are a very bad thing for society in general. This is a very different point, however. I think it's undoubtedly a true and valid one, because almost a century's worldwide research has now shown pretty consistently that (for example) a country's suicide-rates tend, decade-by-decade, to be in direct proportion to the income disparities between the richest and poorest members of society, and I just don't think that point can be disputed any more. (That's just one illustrative example - there are many other "indicators", of course).

    I suspect that the resentment some people have toward their perception of "the rich getting richer" is because they confuse it with that, or at least think of it as being very similar to situations in which "the rich are getting richer because the poor are getting poorer", even if they don't actually say so.

    Just my perspective.
    {{ DiscussionBoard.errors[2654453].message }}
  • Profile picture of the author sloanjim
    I once said greed was good..now it seems its legal..." G.K. 2010

    HOW TRUE

    It's not the money it's some of the attitudes of the people with big money that stinks....I hate greed and I hate snobbery. but as for making money see below
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[2656551].message }}
  • Profile picture of the author sloanjim
    who says there is? But wealth isn't just money right? As long as it done right, honestly, give some back to society,etc it's great. I think greedy "w"bankers have some what tranished that image a bit though. Agree? Or was that "all game"?

    There are people that make a tremendous income online. What's so wrong with them getting richer?
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[2656557].message }}
  • Profile picture of the author sloanjim
    Geez my money hungry, money loving friends...not everyone's goal in life is to make $10 Million etc.....they have great standards of living, sleep at night,m have healthy lives, family.friends etc..and guess what...money doesn't buy that! Some people might just need to remember "the love of money IS the route of all evil..."
    This.

    A lot of the people who want to complain are people who are frustrated with not knowing the 'secrets', or 'where to start'. Most people have it in them to reach similar success, it's just a different type of personality that lacks the effort.

    Don't take it personally
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[2656567].message }}
  • Profile picture of the author ladonnarb
    It's nothing wrong making money. The money are the soul of life.
    {{ DiscussionBoard.errors[2656649].message }}
  • Profile picture of the author CDarklock
    Originally Posted by Kenster View Post

    There are people that make a tremendous income online. What's so wrong with them getting richer?
    It's about income inequality.

    There are all of these people who think that if the average middle-class person makes $50k and the average upper-class person makes $400k, it is somehow BAD if over the next year middle-class goes to $60k and upper-class goes to $480k.

    Now, if you're at all good at math, you can see that both middle-class and upper-class went up by exactly 20% over that year. So this shouldn't bother people.

    But not only do they get mad about THAT, people ALSO get mad if middle-class goes to $60k and upper-class goes to $420k, because the upper-class now make $20k more and the middle-class only make $10k more.

    But let's do a little math.

    Assume that some portion of your money earns interest. We'll call it an average of 20% of your money earning interest, and pretend it earns 5% interest. So every year, your income will go up exactly 1% without doing anything.

    So next year, instead of making $50k, the middle-class guy makes $50.5k.

    And the upper-class guy makes $404k.

    And that's not even how it really works. Basically, you'll use the first $X of your money and not earn any interest at all - call it $100k. So the middle-class guy earns no interest, but the upper-class guy is earning 5% interest on $300k, so his total income is $415k.

    So this income inequality - where the rich get richer - is completely inevitable.

    And bitching about it is just stupid.
    Signature
    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
    {{ DiscussionBoard.errors[2659331].message }}
  • Profile picture of the author alica
    Never thin k like it , its really their hard work and they are getting the fruit of it and they should really. Don't feel such things and try to be their competitors.
    {{ DiscussionBoard.errors[2660923].message }}
  • Profile picture of the author sloanjim
    OK Gecko.....

    The money are the soul of life.
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[2665945].message }}
  • Profile picture of the author trew1
    I doubt anyone would hate someone who's intelligent enough to use the dumb people and make money of it.
    But some people hate the greedy people, who just can't get enough money, they always need more and more.
    {{ DiscussionBoard.errors[2667378].message }}
  • Profile picture of the author NickP
    Socialism = Bad
    Capitalism = Good

    Now let's get to work today.
    Signature
    {{ DiscussionBoard.errors[2667907].message }}
  • Profile picture of the author seasoned
    OK, there should be a "standing ovation" button for posts like dannyadams'.
    {{ DiscussionBoard.errors[2670948].message }}
    • Profile picture of the author Will Compton
      people get jealous about someone else's success. A percentage of people, secretly or maybe not, want to see others fail.

      If you have ever gone crab fishing, then you know you don't have to put a lid on the bucket where you throw the crabs you catch in, because when one crab tries to climb out, the others will drag him back down...

      ...but if all the crabs worked together, they could escape.
      {{ DiscussionBoard.errors[2712333].message }}
      • Profile picture of the author seasoned
        Originally Posted by Will Compton View Post

        people get jealous about someone else's success. Most people, secretly or maybe not, want to see others fail. If you have ever gone crab fishing, then you know you don't have to put a lid on the bucket where you throw the crabs you catch because the second one crab tries to get out, the others will drag him back down...
        NICE ANALOGY!
        {{ DiscussionBoard.errors[2712367].message }}
  • Profile picture of the author sarahberra
    I don't see any problems with someone getting rich if they work for it with the sweat off their brow. There is so much confusion now days. I know so many people who think that it would be wrong to be rich. It all depends on how you use it. There are low life crummy people in the world who are poor and there are low lifes who are rich. There are also really good sweet, kind and giving people who are poor and really friendly giving rich people. It could go either way regardless of status.
    {{ DiscussionBoard.errors[2672796].message }}
  • Profile picture of the author dagaul101
    I suspect people are just a tad bit jealous of some rich IMers and want them to give those waiting in line a shot
    {{ DiscussionBoard.errors[2680719].message }}
  • Profile picture of the author George Chernikov
    I saw the topic of the thread and just had to chime in.

    There's nothing wrong with the rich getting richer. Nothing. Zero. Zilch. Nada. In fact, it's inevitable - once you have your first million, it's much easier to make the second, and then the third, the fourth, etc.

    The reason why so many resent the rich can be put in a single word - jealousy. They see these guys driving in a brand spanking new BMW Series 7, wearing the latest designer clothes and a Rolex watch worth over $30,000, with a gorgeous supermodel girlfriend. They then look around, see what life they lead in comparison - a second-hand rusty sedan, patched up clothing, some cheap Japanese electronic watch, and an aging significant other well past their prime and putting on kilos every day.

    And of course they get jealous - why wouldn't they? You just showed them a stark contrast between really, truly, living and merely existing. Sure they're gonna be pissed.

    Jealousy is a powerful motivator, you know - ever wondered why, in Communist Russia, they went after the rich first? Instead of working hard to afford your own cow, it was so much easier and so much more satisfying to simply expropriate the cow from your wealthy neighbor, labeling him an evil money-grubbing capitalist enemy of the people in the process.
    {{ DiscussionBoard.errors[2716190].message }}
  • Profile picture of the author PeterDunin
    there's nothing wrong with the rich getting richer as long as I'm one of them!:>
    {{ DiscussionBoard.errors[2719986].message }}

Trending Topics