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Rich Australian Woman's Cruel Advice (That I Agree With)

by thunderbird
68 replies
  • OFF TOPIC
    • |
World's richest woman says 'Drink less, work more' - Yahoo! Finance Canada

The world's richest woman, Australian mining tycoon Gina Rinehart, wrote
"There is no monopoly on becoming a millionaire. If you're jealous of those with more money, don't just sit there and complain. Do something to make more money yourself -- spend less time drinking or smoking and socialising, and more time working. Become one of those people who work hard, invest and build, and at the same time create employment and opportunities for others."
  • Profile picture of the author HeySal
    Under current conditions of US economic collapse and government money grabbing regulations, I think it might not be as easy for people to get rich anymore as it was at one time -- in general anyhow. There will be people that rise even in these times, but they better have friends at the top or someone is going to take every cent they make one way or another.
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    • Profile picture of the author thunderbird
      Originally Posted by HeySal View Post

      Under current conditions of US economic collapse and government money grabbing regulations, I think it might not be as easy for people to get rich anymore as it was at one time -- in general anyhow. There will be people that rise even in these times, but they better have friends at the top or someone is going to take every cent they make one way or another.
      Some ways of making money are gone, new ways of acquiring wealth are appearing. I think there's more to it than economic circumstances. If you provided a 100 people with the means to get wealthy, maybe one or two would act on it.
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    • Profile picture of the author Brian John
      Originally Posted by HeySal View Post

      Under current conditions of US economic collapse and government money grabbing regulations, I think it might not be as easy for people to get rich anymore as it was at one time -- in general anyhow. There will be people that rise even in these times, but they better have friends at the top or someone is going to take every cent they make one way or another.
      sal, u so often take such a negative slant on things. i'm not overly optimistic, i'd like to think i'm a realist. i don't believe the glass is neither half full nor half empty, it's simply twice as big as it needs to be. and although i feel the socioeconomic/political situation in the world is generally getting worse rather than better, i still believe that there's lots of opportunity and that much of our success is dependent on how we view the world. just seems that nearly all ur responses are deflating rather than inflating, but hey, those are ur opinions and you're entitled to them. early in my life i never really understood the power of positive thinking, i though hard-line realistic thinking was the only way to go. in the last several years however i've come to believe that, although we have to be realistic, the mindset we put ourselves in greatly influences our chances of success. i've come to find out that, for me, having a positive outlook in terms of what is possible has led to much greater success. guess we all have to do what works for us.

      that being said, i do enjoy reading ur posts. u have that admirable quality of being brutally honest.
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      • Profile picture of the author HeySal
        Originally Posted by Brian John View Post

        sal, u so often take such a negative slant on things. i'm not overly optimistic, i'd like to think i'm a realist. i don't believe the glass is neither half full nor half empty, it's simply twice as big as it needs to be. and although i feel the socioeconomic/political situation in the world is generally getting worse rather than better, i still believe that there's lots of opportunity and that much of our success is dependent on how we view the world. just seems that nearly all ur responses are deflating rather than inflating, but hey, those are ur opinions and you're entitled to them. early in my life i never really understood the power of positive thinking, i though hard-line realistic thinking was the only way to go. in the last several years however i've come to believe that, although we have to be realistic, the mindset we put ourselves in greatly influences our chances of success. i've come to find out that, for me, having a positive outlook in terms of what is possible has led to much greater success. guess we all have to do what works for us.

        that being said, i do enjoy reading ur posts. u have that admirable quality of being brutally honest.
        As I said - there are those who will be able to work around things and make money. To me, too much optimism is actually dangerous and defeating. If you aren't looking at blunt reality, how can you learn to work around it? I know people who are always looking for the "positive" - yet they are never able to escape from their circumstances. Those that look at the reality, know where the boulders are in the road and can plan a route around them. Those that don't see them at all because it would be "negative" to do so spend a hella lot of time backtracking to find another route instead of the short time and little energy it would have taken to plan the clearer route in the first place.

        I just changed my whole business plan because I saw something coming that an optimistic person will not be ready for. I'm also the one who was accused in early 2008 of wearing tinfoil because I saw the economic crash coming -- and was accused of pessimism.

        Some people live in severe earthquake zones and just believe that they will never have a severe quake - and are proud of their optimism. Those who are realists or pessimists prepare for the worst and are actually more likely to survive because they didn't believe in a pie-in-the-sky attitude about such things.

        You can view me as a pessimist all day and all night and I don't find that a bad thing. Optimists get blind sided.

        Now do I believe that people are in for some real surprises about how difficult it's going to be in coming years? I sure do. Do I think it's becoming harder and harder to get even a solid foothold, let alone get ahead? Look around you and tell me you can't SEE that happening. So what is the most logical route to take? Looking at the reality and figuring out how to go about doing things around the system being installed -- or just inanely believing everything will be okay and carrying on as usual in a system not running as it is supposed to?

        I have every confidence in my ability to work out of the mess we're being plunged into. I also think that anyone who doesn't get a very real and solid grip on what is going on right now is going to get hurt in ways they just aren't equipped to handle, and are too "optimisitic" to understand what they need to do to survive it.

        Ever heard anyone say if the excrement hits the air conditioning they will run to the mountains? Optimism at work - they have no clue how to live in mountains. I am hoping they will take a LOT of supplies with them that I can use when I decide to be decent and bury them when I find their carcass somewhere.

        My comments aren't meant to be deflating - they are meant to bring people to their senses to wake up and look around so they don't get blind sided while thinking anyone can become rich just because they spend some hours on the computer everyday.
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    • Profile picture of the author Hopeless Bromantic
      Originally Posted by HeySal View Post

      Under current conditions of US economic collapse and government money grabbing regulations, I think it might not be as easy for people to get rich anymore as it was at one time -- in general anyhow. There will be people that rise even in these times, but they better have friends at the top or someone is going to take every cent they make one way or another.
      By the way, nobody gets rich in a vacuum. Those who do make it into the 1% club have always established and nurtured relationships with those at the top. It's unlikely that this dynamic will ever change.
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      • Profile picture of the author MoneyMagnetMagnate
        Originally Posted by Hopeless Bromantic View Post

        By the way, nobody gets rich in a vacuum. Those who do make it into the 1% club have always established and nurtured relationships with those at the top. It's unlikely that this dynamic will ever change.
        Suuure...try telling that to James Dyson :p

        And that Hoover guy...who also invented the FBI, and a really big Dam!
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        • Profile picture of the author Hopeless Bromantic
          Originally Posted by MoneyMagnetMagnate View Post

          Suuure...try telling that to James Dyson :p

          And that Hoover guy...who also invented the FBI, and a really big Dam!
          Ho.
          Ho.
          Ho.
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      • Profile picture of the author thunderbird
        Originally Posted by Hopeless Bromantic View Post

        By the way, nobody gets rich in a vacuum. Those who do make it into the 1% club have always established and nurtured relationships with those at the top. It's unlikely that this dynamic will ever change.
        I don't think that is 100% true. Often, yes, but not always. Many people become wealthy by exclusively providing goods or services that are affordable to people who are not rich. I know multimillionaire landlords in Ottawa who don't have any rich friends.
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  • Profile picture of the author MoneyMagnetMagnate
    Pretty bold talk for an heiress who inherited a mining company fortune...reminds me of Howard Hughes, starting out with just a "Small Tool and Die company"* - he claimed he came from 'Humble beginnings' too...(but he was born in Humble, Texas)

    If it had more street cred, from an actual self-made millionaire(ess), it might not sound as much like gloating...(jmo)






    *http://wiki.answers.com/Q/How_much_d...hughes_inherit
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    • Profile picture of the author thunderbird
      Originally Posted by MoneyMagnetMagnate View Post

      Pretty bold talk for an heiress who inherited a mining company fortune...reminds me of Howard Hughes, starting out with a "Small Tool and Die company" - he claimed he came from 'Humble beginnings' too...(but he was born in Humble, Texas)

      If it had more street cred, from an actual self-made millionaire(ess), it might not sound as much like gloating...(jmo)
      I don't know her story, how much was involved in the mining company etc., but I agree with you. I still think her point holds true, though it has rubbed people the wrong way -- largely due to it coming from a someone with inherited wealth, the embodiment of a non-self-made person. It annoyed people so much that I am reading about it here in Canada. I definitely question her judgment, unless she was trying to be like provocative journalist Barbara Amiel.
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      • Profile picture of the author hardraysnight
        Originally Posted by thunderbird View Post

        I don't know her story, how much was involved in the mining company etc., but I agree with you. I still think her point holds true, though it has rubbed people the wrong way -- largely due to it coming from a someone with inherited wealth, the embodiment of a non-self-made person. It annoyed people so much that I am reading about it here in Canada. I definitely question her judgment, unless she was trying to be like provocative journalist Barbara Amiel.
        it surely is an interesting family

        father lang was known to ruffle a few feathers too
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    • Profile picture of the author SJJPFTW
      Originally Posted by MoneyMagnetMagnate View Post

      Pretty bold talk for an heiress who inherited a mining company fortune...
      My thoughts exactly. Its not like she's ever had to work a real day in her life to put food on her table.
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      • Profile picture of the author Hopeless Bromantic
        She should be made to live on $2 a day for at least 30 days before she recommends it to someone else.
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        • Profile picture of the author seasoned
          Originally Posted by Hopeless Bromantic View Post

          She should be made to live on $2 a day for at least 30 days before she recommends it to someone else.
          And how about having her work in a MINE! It should be a NEW one with NOBODY there, as they may otherwise help her. And she should, at the end, feeling otherwise, be forced to give it all up.

          Steve
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  • Profile picture of the author whateverpedia
    Coming from someone who inherited her father's fortune, telling people on minimum wage that their wages should be lowered is a bit rich (pun intended).

    Interestingly, she went through a long court case to actually gain control of her dad's fortune, and now her children are doing the same thing to her.

    Obviously money can't buy class.

    Australia's leading finance publication, the Australian Financial Review, has a poignant cartoon on Rinehart's comments in today's edition:

    Cartoon gallery | David Rowe
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    • Profile picture of the author thunderbird
      Originally Posted by whateverpedia View Post

      Coming from someone who inherited her father's fortune, telling people on minimum wage that their wages should be lowered is a bit rich (pun intended).

      Interestingly, she went through a long court case to actually gain control of her dad's fortune, and now her children are doing the same thing to her.

      Obviously money can't buy class.

      Australia's leading finance publication, the Australian Financial Review, has a poignant cartoon on Rinehart's comments in today's edition:

      Cartoon gallery | David Rowe
      I was just reading about her. The more I find out, the less I find that her words carry any street cred which would be in the negative numbers. Her family sure seems litigious and dysfunctional.
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  • Profile picture of the author Charlotte Jay
    I was going to say, didn't she inherit her fortune? Pot, kettle, black.
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  • Profile picture of the author whateverpedia
    This from Twitter pretty much sums up the average Australian's response to Rinehart:

    Lachy Hulme @LachyHulme 14h
    Work hard, stay out of the pub, inherit millions of dollars... and you too can be a morbidly obese right-wing moron hated by your own kids
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    • Profile picture of the author Hopeless Bromantic
      Heiress or not, she's completely correct in saying that complaining about the rich won't get you anywhere.
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  • Profile picture of the author makprofits
    Complaining about the rich and carrying heavy thoughts throughout your day; will only lead to more negativity in your life. Think positive and at least your attitude will improve. Might not make you rich; but thinking positive makes for a happier person;-)
    I will agree with Brian John (I grew up in Illinois) a positive attitude goes a long way in life.
    Just sayin. Deb
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    • Profile picture of the author whateverpedia
      Originally Posted by makprofits View Post

      Complaining about the rich and carrying heavy thoughts throughout your day; will only lead to more negativity in your life. Think positive and at least your attitude will improve. Might not make you rich; but thinking positive makes for a happier person;-)
      I will agree with Brian John (I grew up in Illinois) a positive attitude goes a long way in life.
      Just sayin. Deb
      No-one's complaining about her wealth. A lot of that has just been wiped out by a fall in iron ore prices anyway. It's her attitude towards people who didn't win life's lottery by being born into a mega-rich family.

      There are millions of people just in Australia who work twice as hard as her who will never be billionaires. Unlike Rinehart though, these people are probably completely happy with their lives, and especially with their families.

      Whereas there are probably a lot of people who would like to have as much money as her, I doubt whether anyone actually wants to be her, or one of her children either.
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      • Profile picture of the author hitesh93
        Originally Posted by whateverpedia View Post

        No-one's complaining about her wealth. A lot of that has just been wiped out by a fall in iron ore prices anyway. It's her attitude towards people who didn't win life's lottery by being born into a mega-rich family.

        There are millions of people just in Australia who work twice as hard as her who will never be billionaires. Unlike Rinehart though, these people are probably completely happy with their lives, and especially with their families.

        Whereas there are probably a lot of people who would like to have as much money as her, I doubt whether anyone actually wants to be her, or one of her children either.
        While I see your point, here's what it sounds like:
        "That guy is rich because his parents left him something...ignore him. And that one? He just got lucky...and that one? He played the stocks right...ooh that one - he just had a ton of connections....and that other one? He just has talent that others don't...."
        In the end, you'll not listen to anyone who is successful because they have some reason or another. I find it MUCH better to listen everyone who is successful, because no matter how much of a dud they are personality-wise, I'm looking to emulate their business acumen, not their personality.

        Interestingly enough, the same people who complain that a certain rich person should be ignored will also vote for the clueless guy with no expertise that got adopted by a rich family and went to ivy league schools thanks to the quota.

        This is not a direct statement about you whateverpedia, just an observation.
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        • Profile picture of the author MikeTucker
          Originally Posted by MoneyMagnetMagnate View Post

          Jackie Chan to donate entire fortune to charity and leave his son nothing | Metro.co.uk

          ‘If he is capable, he can make his own money. If he is not, then he will just be wasting my money,’ Channel NewsAsia quote Chan as saying.
          The Jackie Chans and Warren Buffetts who are doing this are also
          leaving their children with a name brand, a lot of knowledge, and
          a lot of connections.




          Originally Posted by HeySal View Post

          Yep. She thinks everyone should sacrifice.......except herself, of course.

          I'm betting this bitch comes back as a virus in goat spit.
          An insult to goat saliva dwelling viruses everywhere.



          Originally Posted by whateverpedia View Post

          The only message anyone is hearing is that we should get paid less so she can make more.
          That is the only message she has been spouting for a decade now.




          Originally Posted by hitesh93 View Post

          In the end, you'll not listen to anyone who is successful because they have some reason or another. I find it MUCH better to listen everyone who is successful, because no matter how much of a dud they are personality-wise, I'm looking to emulate their business acumen, not their personality.
          "There are some people so poor, all they have is money."

          As someone who inherited more money than he ever deserved
          and has spent half his life with some of the most dreadful kind
          of spoiled human trash, I want to say that I very strongly
          disagree. A person is a complete unit, and "personality-wise"
          has a lot to do with how they came about whatever success
          they achieved.

          Some people lied, cheated, and stole, or just got plain lucky,
          and unless you're planning on following in their footsteps,
          there is nothing they can teach you that you couldn't learn
          better from the many successful men and women of honor.



          As for the idea that working harder equals more success:

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  • Profile picture of the author MoneyMagnetMagnate
    Jackie Chan to donate entire fortune to charity and leave his son nothing | Metro.co.uk

    'If he is capable, he can make his own money. If he is not, then he will just be wasting my money,' Channel NewsAsia quote Chan as saying.
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  • Profile picture of the author derekwong28
    I was about to start a thread on her but for different reasons. She sounds a very unpleasant person. Do you know that she was sued by 3 of her 4 children recently? She has also been involved in lots of other lawsuits and disputes with other people.
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  • Profile picture of the author thornton
    she doesn't seem like a happy person
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  • Profile picture of the author dhenzki
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    • Profile picture of the author whateverpedia
      Originally Posted by dhenzki View Post

      I totally agree with her too.. no pain no gain.. what you sow you will reap.. that's life.
      Fair enough, however she neither reaped nor sowed, she inherited.

      Another interesting point about her, is that like her father, she wants to use atomic bombs on mine sites, instead of the dynamite that is used currently. That illustrates just how much of a grip on reality she has.
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  • Profile picture of the author MoneyMagnetMagnate
    She did start out in her father's business, and learned it, so she wasn't just sitting by the pool all the time getting a tan - I do give her credit for that, but my guess is...she was never planning to win Miss Australia either...(or even "Miss Congeniality")
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  • Profile picture of the author Joseph Robinson
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    In a sense, I agree. It does take hard work to actually make something of yourself, and a lot of sacrifice. It's not everything though, and there's no guarantee. It's kind of a dupe to say otherwise. Here, stolen from r/bestof, is the point explained very well:

    highbrowalcoholic comments on At 16, he started a company which sold for $40m. At 25, he sold his 2nd company for $300m. Here is his advice in 1 sentence.
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  • Profile picture of the author MoneyMagnetMagnate
    As long as you have enough Dewars...you can't complain -
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    • Profile picture of the author derekwong28
      There is a new outburst from her. She suggested that Australians should take a wage cut and look to those who make $2 a day in Africa as an inspiration.

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  • Profile picture of the author HeySal
    Yep. She thinks everyone should sacrifice.......except herself, of course.

    I hope when we die we get to remember everything about this life so we can remember who to check out and see what happened to them in the eternal plan.

    I'm betting this bitch comes back as a virus in goat spit.
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    • Profile picture of the author thunderbird
      Originally Posted by HeySal View Post

      <snip>

      I'm betting this bitch comes back as a virus in goat spit.
      I'm feeling bad for the goat having something so toxic in its saliva.
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    • Profile picture of the author Thomas
      Originally Posted by HeySal View Post

      I'm betting this bitch comes back as a virus in goat spit.
      LOL!

      That's about as bad as it gets, methinks
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    • Profile picture of the author lollobrigida
      Originally Posted by HeySal View Post


      I'm betting this bitch comes back as a virus in goat spit.
      Sal, your comment made my day...
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  • Profile picture of the author whateverpedia
    The Atlantic Wire describes Rinehart as "the world's biggest troll".

    Meet Gina Rinehart: World's Richest Woman (and World's Biggest Troll) - Global - The Atlantic Wire
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  • Profile picture of the author derekwong28
    Everybody knows you can't survive on 2 dollars a day in Australia. She is quite well known in Hong Kong as well because her son was here recently. He was raising money to pay for his lawsuit against his mother.
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  • Profile picture of the author MoneyMagnetMagnate
    Are you sure that's not just Rupert Murdoch in Drag? :p
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  • Profile picture of the author sloanjim
    oh geeps she makes the Grim Reaper look like Jay Lenno:

    sal, u so often take such a negative slant on things. i'm not overly optimistic, i'd like to think i'm a realist. i don't believe the glass is neither half full nor half empty, it's simply twice as big as it needs to be. and although i feel the socioeconomic/political situation in the world is generally getting worse rather than better, i still believe that there's lots of opportunity and that much of our success is dependent on how we view the world. just seems that nearly all ur responses are deflating rather than inflating, but hey, those are ur opinions and you're entitled to them. early in my life i never really understood the power of positive thinking, i though hard-line realistic thinking was the only way to go. in the last several years however i've come to believe that, although we have to be realistic, the mindset we put ourselves in greatly influences our chances of success. i've come to find out that, for me, having a positive outlook in terms of what is possible has led to much greater success. guess we all have to do what works for us.
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    • Profile picture of the author MoneyMagnetMagnate
      Originally Posted by sloanjim View Post

      oh geeps she makes the Grim Reaper look like Jay Lenno:
      Have you seen Leno's monologue lately? The Grim Reaper doesn't bomb that bad...
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    • Profile picture of the author FIP
      The advice unfortunately will not be heeded because the people she so wants to change do not and will not listen to her or hear her.
      She is disconnected from them - and them from her.

      Yes, the advice has elements of wisdom, but its hardly from the heart in my opinion.

      As an Australian, and someone familiar with her and the iron ore industry I might add, I note that she is a successful woman who was born into a successful family and followed her dad everywhere and got a great start.
      She is a smart woman. A driven woman. But in so many ways she is not self made - she had wonderful support on that journey then chose to move on from that support point.

      Not all get that. Good on her for getting that. On some level perhaps she doesnt have the understanding and empathy for those who haven't.

      Her message should be heeded - alas many may listen to it...they won't hear it though....
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  • Profile picture of the author sloanjim
    have to agree hard work isn't everything. It's abit like lotto winenr tellnig everyone to simply keep playing and buy more tickets....doesn't mean it will happen to them.

    Timing, luck do play a big part!

    In a sense, I agree. It does take hard work to actually make something of yourself, and a lot of sacrifice. It's not everything though, and there's no guarantee. It's kind of a dupe to say otherwise. Here, stolen from r/bestof, is the point explained very well:
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  • Profile picture of the author JoeUK
    She seems to enjoy the pies and cakes...
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  • Profile picture of the author MoneyMagnetMagnate
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  • Profile picture of the author MoneyMagnetMagnate
    World's richest woman lauds $2-a-day wages - Bottom Line

    Gina Rinehart, thought to be the world's richest woman, chastised miners for being “too expensive,” saying, “Africans want to work. Its workers are willing to work for less than $2 per day.”
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    • Profile picture of the author tagiscom
      I just changed my whole business plan because I saw something coming that an optimistic person will not be ready for. I'm also the one who was accused in early 2008 of wearing tinfoil because I saw the economic crash coming -- and was accused of pessimism.
      Yes, l did that! I am passionate about ceramics, and tried to start up a business around it, but back in 1998, when l could see the financial storm clouds swirling, l shelved it and went into IM.

      Yep, bookshelves are full of "do what you love, and it will all work out somehow" crap. Give them a profit, for writing a book you want to believe is true, and continue to live in poverty.

      Yeah, Reinhart, unfortunately has her priority's backward. She should be saying, Africans, or Indians can be capitalized online to create wealth for Australians, etc.

      Or cut back on Smoking, drinking and socializing for a few months then put the $250 you have saved into employing someone from overseas for a month, and get them to design software for you, maintain a website, etc.

      Then it creates employment for them and wealth for you!

      Shane
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    • Profile picture of the author seasoned
      Originally Posted by MoneyMagnetMagnate View Post

      World's richest woman lauds $2-a-day wages - Bottom Line

      Gina Rinehart, thought to be the world's richest woman, chastised miners for being "too expensive," saying, "Africans want to work. Its workers are willing to work for less than $2 per day."
      I watched a documentary about a black that, from a BLACK owned bottling company, drove, on his BIKE, as I recall, the coke from the bottler to the customers every day. I wonder what HE got paid! It may well have been more than $2/day. HE was in africa!

      Steve
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      • Profile picture of the author Synthetic
        Its no fear she said that because she already start her career thanks to a testament from her parents... Millions , even billions of people are working hard every day. Why they dont reach the success and non everyone of them is smoking or drinking and ... I know also a lot of people which are successful and they are smoking and drinking without having problems for now ... SO ?:confused:.. U got my point
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        • Profile picture of the author seasoned
          Originally Posted by Synthetic View Post

          Its no fear she said that because she already start her career thanks to a testament from her parents... Millions , even billions of people are working hard every day. Why they dont reach the success and non everyone of them is smoking or drinking and ... I know also a lot of people which are successful and they are smoking and drinking without having problems for now ... SO ?:confused:.. U got my point
          Well, it DOES matter WHAT you do. Flipping hamburgers all day, even at 5 times the rate of anyone else, likely won't make you richer. Still, her views ARE clouded because she did NOT build the company. Some old relative may have struggled HARD to get to the point where SHE could relax on another's laurels. It IS a shame that it works like that.

          Steve
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  • Profile picture of the author seasoned
    Africa's living standards are usually lower and, at that, they work in ridiculous conditions. Australians would need more to live as australians, and want better conditions.

    SO, although I agree with the "drink less, work more" mentality, rinehart is an IDIOT! Another video said SHE inherited a lot of money. So SHE has never had to REALLY work! Australia is a wild west type place with HUGE resources! Outside of africa, there may be NO other place known to allow such freedom to the average person on such a scale. The US USED to have that, and it practically BUILT places like California. But THEY started with the owner working HARD!!!!! WHY? WHY did they work SO hard and risk their LIVES to maybe fail over 90% of the time? Because ONE nugget made it ALL worth it! And finding a vein could have their entire family set for GENERATIONS!

    So you can't make over 100% or whatever profit. BOO HOO! That is no reason to say that australian's should live in huts so you can pay for their meals for a day!

    BTW some of the most dangerous jobs pay over minimum wage. Mining and oil are two such jobs. When I say oil, I mean the VERY dirty jobs like drilling for, and maintaining rigs that drill for oil.

    Skill, Risk, REAL Effort, and Results should be the four things that command a premium. Rinehart is running off the fumes of her company, maybe SHE should take a pay cut.

    Steve
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  • Profile picture of the author whateverpedia
    Her message should be heeded - alas many may listen to it...they won't hear it though....
    The only message anyone is hearing is that we should get paid less so she can make more.
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  • Profile picture of the author seasoned
    Yeah,

    Why would ANY australian work for $2 a day? In some areas of africa it seems like a lot and allows them to avoid some work. In australia, they could work anywhere else. And if they lowered the average wage to $.10, the country would be effectively BANKRUPT! IMAGINE a country filled with people that can't buy products from other countries, where the daily wage isn't even enough to buy a quarter pounder from mcdonalds, etc... Countries would stop selling things to them and, with that, the currency could drop in relative value. Maybe the value of the currency itself would fall, and affect that woman. In any event, australians would demand that she pay MORE than minimum wage. Due to the risk(they could die), reward(she could get a LOT of income), and effort(it is hard work for them), it is kind of REQUIRED!

    Steve
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  • Profile picture of the author MoneyMagnetMagnate
    After all the 'lovely' things Queen Gina has said about Australia, I'll bet she thinks they'll probably put her head on a coin!

    My guess is...most of you would rather see her head on a pike -
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    • Profile picture of the author seasoned
      Originally Posted by MoneyMagnetMagnate View Post

      After all the 'lovely' things Queen Gina has said about Australia, I'll bet she thinks they'll probably put her head on a coin!

      My guess is...most of you would rather see her head on a pike -
      Are you kidding? She sounds like a spoiled brat that wants the whole country to live in poverty and squalor so she can be richer than all of them put together.

      Some ARE overpaid, etc... And YIKES, the australian wage IS very high! I can't say how high it is by australian standards, but by american standards it is HIGH!!!!! That is like $40K USD. So an UNSKILLED worker in australia AUTOMATICALLY gets about as much as the average worker in the US. So I MIGHT advocate reducing it, or at least putting a COLA(cost of living adjustments) freeze on it. That is IF the prices in australia are less than say 70% over american ones.

      But to advocate that africa is ANYWHERE near australia, or to talk about $2/day is LUDICROUS. I DO know that that is NOT reasonable for a place like australia. And mine workers generally get paid OVER minimum wage. Given the minimum wage in australia, the average mine worker probably gets paid AT LEAST $25USD That is about $51K USD a year! The estimates DO assume an average american work week. I don't know if that is valid for australia or miners.

      BTW I don't know about COLA in Denmark, but in 1989 the minimum wage was about $10 USD/hour! That SOUNDS like a lot, but after allowing for their high tax rates, etc... It works out to more like $5/hour. So it was in line with the US.

      Steve
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  • Profile picture of the author fin
    In Australia it costs $5 for a 120ml bottle of juice.

    Australian cost of living is much higher than America I'd imagine.
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    • Profile picture of the author seasoned
      Originally Posted by fin View Post

      In Australia it costs $5 for a 120ml bottle of juice.

      Australian cost of living is much higher than America I'd imagine.
      In some places in the US, it costs over $3.00! So it is getting CLOSER! Then again, soda now ranges from 1.25 to 2.50! Retail pack in vending machines, 20 floz 0.591471lt!!!! or 591ml. But that is SODA! as the name implies, flavored and colored carbonated water. Some juice can cost close to $4. I would say it is about 150ml or less. of course, normal orange juice costs less. In bulk, from walgreens, it is about $.30/floz(~30ml). I haven't heard of hormel orange juice before though!

      Steve
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  • Profile picture of the author squadron
    Originally Posted by thunderbird View Post

    I agree, AND it helps if you Dad discovered the world's largest iron ore deposit
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    • Profile picture of the author seasoned
      Originally Posted by squadron View Post

      I agree, AND it helps if you Dad discovered the world's largest iron ore deposit
      Lang Hancock - Wikipedia, the free encyclopedia
      And THAT is helped by your family owning more land than almost anyone else in the country!

      It sounds more and more like they lucked into this! IMAGINE a kid playing around and getting red stains on his clothes. LATER, he studies minerals, etc... and is like WHOA......WHAT IF...... Goes back, gets a sample, runs a magnet over it, goes to an assayer, and finds that it is HIGH in iron! And ends up becoming RICH! And ALL because he got STAINS on his clothes as a kid! And it may have happened just like that! Her family may be rich because her father went out PLAYING one day!

      Steve
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  • Profile picture of the author feral
    What I despise most about that comment is how she stereotypes everyone who isn't in her privileged little circle into the image of layabouts who drink, smoke etc and don't work hard. (unlike all the rich people who never smoke, drink, socialise and ALWAYS work so very hard). She assumes all these battlers in the world are lazy and don't try to get ahead - how rude and ignorant is that? She leaves out all the other little things people might need to become "rich" like not having sick relatives who drain their time, energy and bank accounts (as a quick example).

    The day I take cliched uninformed bigoted advice from a nuff nuff like her is the day I give up on everything and admit myself to a psychiatric unit.
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    • Profile picture of the author thunderbird
      Originally Posted by feral View Post

      What I despise most about that comment is how she stereotypes everyone who isn't in her privileged little circle into the image of layabouts who drink, smoke etc and don't work hard. <snip>
      What percentage of the population does she imagine to be that way -- 47%?
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      • Profile picture of the author feral
        Originally Posted by thunderbird View Post

        What percentage of the population does she imagine to be that way -- 47%?
        Haha!

        (Pls ignore the following nonsense: apparently my post is too short so I'll just write randomly to make it longer yadda yadda there that should be enough......)
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    • Profile picture of the author seasoned
      Originally Posted by feral View Post

      What I despise most about that comment is how she stereotypes everyone who isn't in her privileged little circle into the image of layabouts who drink, smoke etc and don't work hard. (unlike all the rich people who never smoke, drink, socialise and ALWAYS work so very hard). She assumes all these battlers in the world are lazy and don't try to get ahead - how rude and ignorant is that? She leaves out all the other little things people might need to become "rich" like not having sick relatives who drain their time, energy and bank accounts (as a quick example).

      The day I take cliched uninformed bigoted advice from a nuff nuff like her is the day I give up on everything and admit myself to a psychiatric unit.
      Yeah, besides, out of ALL the ways to get rich, working hard takes the longest. Figure it this way. A normal person, working hard, MIGHT make as much as 8 times the standard income for their job. Between having a bit over twice the time to work, and being able to do over twice as much. MOST jobs don't pay that way, but SOME do. In Washington, NOT the district, but the STATE, the minimum wage is 9.04.

      The AVERAGE worker makes maybe $18,441 at that rate. If you worked every hour you could, you could maybe make 52648.96. If you impressed your boss through effort and output, you can maybe get a raise and make say $105,297.92. With all the taxes, your expenses, etc... you might only have 40-60K left. It would STILL take you at least 16 years to become a millionare! BTW DON'T do this if you are a miner! You wuld likely be DEAD within the decade!

      MOST people get rich by owning a business, taking risk, reducing others risks, direct selling(where THEY get the profit/commision), having great ideas, scamming, or inheriting it.

      Steve
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  • Profile picture of the author whateverpedia
    For a closer look at Rinehart's character, you might want to have a look at the link in my sig file on The Wittenoom Wombat .
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  • Profile picture of the author whateverpedia
    Thirteen months after this thread was started, someone finally got around to doing it:

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  • Profile picture of the author itswack
    she's def right tho

    spend less time shitting around and more time being more productive
    when talking about social class though i feel thats something that is meant to affect our state of mind

    you can pay me less, but i think its a bigger accomplishment if i can get further than anybody else expected me too with the little that I'm given
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