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Forum » The 1% Close to Having As Much Wealth as the Entire Middle Class
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Thread: The 1% Close to Having As Much Wealth as the Entire Middle Class

post 1591336601 11-10-2019, 01:53 PM
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Originally Posted By KurtMussell⏩
Market crashes, doesn't recover and then what?
Then the wealthy/powerful will still be those that bring value to the world. The middle class and below would be in the same position.


A large portion of millionaires have 7 sources of income. Main job, real estate investments, owns side business or multiple businesses, stock market, etc. People that are 100% in the market would be screwed.
post 1591336701 11-10-2019, 01:55 PM
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Originally Posted By guest89⏩
People live debt free and frugal, investing a large portion of their income and then reinvesting the returns grow wealthy.

BRB its not fair that people that finance everything they can. Blow every penny they earn. And never invest a dime have less money. People who bring value to the world grow wealthy. Said people maintain and grow their wealth through investing.






At 32 I've built more wealth then my father, who's nearly 60. And he's earned 2-3 times as much as I have per year for the better part of 25 years. I built more wealth and have acquired more assets after working just 10 years, then he has after working the last 40 years.


What's the difference? Well my first paragraph. I live frugal and invest as much as possible. He spends ever dime he makes as soon as he makes it. Does he deserve a piece of my investment returns?
I don't know, can't you really invest on a measly $50,000 salary. Rent and utilities is $1200 and that's an average city. Unless you move to the suburbs which means long commute and you're still paying $1000..

Add in kids with $2000 day care costs...shiiiiit
post 1591336721 11-10-2019, 01:55 PM
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Originally Posted By TurbanMon⏩
then after everyone makes 5 million dollars they stop working. your plan is to turn the brightest and smartest people into indentured slaves ? why would they do that voluntarily?
and money isn't "sitting in an account doing nothing", it gets lent out to people who can make more money. If you had a great business plan, in today's environment you can basically borrow all the money you need.
If helping others was prioritized and seen as something to strive for instead of having material wealth (whats being promoted now) people wouldnt stop at 5 Million, the more people they help the more they would strive to help as much as they could. I read somewhere that when someone helps another person, this act activates the most positive parts of the brain compared to any other activity (dont remember exactly). its in our genes to help others and its the only reason we exist. So no they wouldnt stop
post 1591337491 11-10-2019, 02:06 PM
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Originally Posted By tank2003⏩
I get what you are trying top say, but what makes you think that:
1. $5 M is the cut off for how much a person should make? Obama said the same thing for YEARS and he got a $68 million dollar book deal (with michelle) and not to mention he bought a house on Martha's Vineyard AFTER telling people they make too much money and dont care about climate change

2. Decide that its up to everyone one, whether they like it or not (because they have the money) to help people who do not have the means to help themselves? That right there is part of the rerason why Karl Marx wrote that god damned book of his and 250+ million people were killed because of it. Because people with that same mindset took power and convinced others to think the same way. To think that people who were better off than others got thereONLY because of nefarious means. And the damnedest thing is, that despite Marxists near 100% failure rate in its national implementations over the years, people are stupid enough to try it again
For your first question, i think studies should be done to see where the amount of money someone has starts to matter less and less once they pass a certain point. for example, if a study shows a person who makes 2 million has the same level of fulfillment/ satisfaction (with life) with someone with 10 million but is more satisified than someone with 1 million, we can then conclude around 2 million is the sweet spot. Just an example but i hope that makes sense. for your second question ill get back to it in a sec
post 1591338051 11-10-2019, 02:14 PM
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I think my only thing is i think its pretty gay there are lots of people that werent really ingenious but were instead at a point in time where there wasnt much competition.

For instance, opening up a toy store or some stupid chit isnt ingenious, but in the 1800's or early 1900's simply due to a smaller population they might have been the only one around for 500 miles. Then once they make that money the money stays within the family (ies). But really, its not a byproduct of anything super special or revolutionary.

Its akin to the internet age. How were 10 year olds going to start businesses at the burgeoning of the internet? Then those dudes at the right age capitalize, and have that huge money advantage to topple competition. With something as revolutionary as the internet and how ingrained it becomes in society, im not sure its just gonna disappear in 50 years. So the dudes at the right time of that age are going to have a huge advantage over someone born 20 years after

Basically what i mean is there are people that werent really ingenious or some chit, just happened to be around at the right time and that significantly sways chit

Bottled water is another example.. Ohhh how fuken smart someone was to decide to sell people water. But with not as many people trying, its significantly easier. Then they make beacoup bucks and it trickles down
post 1591338421 11-10-2019, 02:19 PM
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ITT broke miscers are mad.

Start hustling instead of being jealous.
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post 1591338921 11-10-2019, 02:25 PM
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Originally Posted By beansieweansie⏩
For your first question, i think studies should be done to see where the amount of money someone has starts to matter less and less once they pass a certain point. for example, if a study shows a person who makes 2 million has the same level of fulfillment/ satisfaction (with life) with someone with 10 million but is more satisified than someone with 1 million, we can then conclude around 2 million is the sweet spot. Just an example but i hope that makes sense. for your second question ill get back to it in a sec
So you want a study done into a personsopinionon their happiness in life in relation to their earning and money so that it influences EVERYONE ELSE from then on. Yeah...that's not how this works. You need OBJECTIVITY not SUBJECTIVITY andfeelz over realz
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post 1591339111 11-10-2019, 02:28 PM
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Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
obvious troll is obvious
post 1591339171 11-10-2019, 02:29 PM
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I’m going to be in the 1% this year, and I still feel very middle class.
post 1591339411 11-10-2019, 02:33 PM
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In on subtle Monday’s eve antiwork thread

Just bitch about the system and how it oppresses the little man because you can’t do anything else about it bro
post 1591339551 11-10-2019, 02:36 PM
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They also pay over 60% of the taxes.

What's even more fkd is the bottom 40% dont pay any taxes
Toxic Masculinity
post 1591339591 11-10-2019, 02:36 PM
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Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
imagine being this much of a ******* and enjoy the taste of boots so much you wont even read the article in the OP which proves the middle class is getting fukt in the azz
post 1591339911 11-10-2019, 02:42 PM
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#43
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Originally Posted By beansieweansie⏩
If helping others was prioritized and seen as something to strive for instead of having material wealth (whats being promoted now) people wouldnt stop at 5 Million, the more people they help the more they would strive to help as much as they could. I read somewhere that when someone helps another person, this act activates the most positive parts of the brain compared to any other activity (dont remember exactly). its in our genes to help others and its the only reason we exist. So no they wouldnt stop
under the current system, more of Gates and other 1%ers money will end up in Chairty than under yours.
post 1591340071 11-10-2019, 02:44 PM
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Originally Posted By tank2003⏩
So you want a study done into a personsopinionon their happiness in life in relation to their earning and money so that it influences EVERYONE ELSE from then on. Yeah...that's not how this works. You need OBJECTIVITY not SUBJECTIVITY andfeelz over realz
Not one person, many people.. and this fix isnt a day or night thing. obviously more studies would be need to be done, mine was just an example. I am not a genius that will come up with these studies but i doubt it would be hard to find a sweet spot for money which would allow people to live to their fullest and not have 50 billion in their bank account. If you need more money than you can spend to make you happy then your happiness is very fragile and isnt authentic
post 1591340201 11-10-2019, 02:47 PM
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One of the concerns that I've seen popping up is that there is not a fair distribution of compensation for productivity anymore.



"the widening disparity between wages and productivity is evidence that there has been a significant shift of GDP share going from labor to capital, and this trend is playing a significant role in growing inequality."
post 1591340301 11-10-2019, 02:48 PM
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Originally Posted By TurbanMon⏩
under the current system, more of Gates and other 1%ers money will end up in Chairty than under yours.
and thats based off what? lol never in the history of capitalism have the masses been “brainwashed” to help others. its just $$. if the media and society was geared toward helping others and not glorifying exotic cars and mansions im sure id be right
post 1591340331 11-10-2019, 02:49 PM
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it's ok OPie we're all just a step away from being 10K/day CEOs, everyone else are just cucks who don't make their own luck
Go Canucks Go!



Mais notre monde érodé restera le même
Et demain toi et moi serons partis
post 1591341261 11-10-2019, 03:07 PM
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Originally Posted By Tornach⏩
ITT broke miscers are mad.

Start hustling instead of being jealous.
People like you do more to spur leftist ideology today than the commie manifesto could ever dream of. Quite ironic.
Misc Crypto Crew
BTC to $200k
post 1591341631 11-10-2019, 03:14 PM
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Facts that dumb OP's don't understand:
1. The average person in America lives better than 99 percent of the world
2. The average person in America lives better than 99.99 percent of people in world history
3. NO other system has brought the masses out of poverty than capitalism
4. Wealth isn't just measured by money. The benefits that have increased by poor people and the middle class over the last 50 years is unbelievable. You have internet at the tip of your fingers, etc.
5. Wealth isn't a fixed pie. What Bill Gates has isn't affecting you at all.
6. Take an economics class
post 1591341811 11-10-2019, 03:17 PM
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Originally Posted By SpeedMan1⏩
obvious troll is obvious
Minimum wage is america makes you top 97 percent in the world. It is ok buddy. Bernie Sanders will make everyone poor
post 1591342391 11-10-2019, 03:25 PM
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Originally Posted By beansieweansie⏩
For your first question, i think studies should be done to see where the amount of money someone has starts to matter less and less once they pass a certain point. for example, if a study shows a person who makes 2 million has the same level of fulfillment/ satisfaction (with life) with someone with 10 million but is more satisified than someone with 1 million, we can then conclude around 2 million is the sweet spot. Just an example but i hope that makes sense. for your second question ill get back to it in a sec
Originally Posted By beansieweansie⏩
Not one person, many people.. and this fix isnt a day or night thing. obviously more studies would be need to be done, mine was just an example. I am not a genius that will come up with these studies but i doubt it would be hard to find a sweet spot for money which would allow people to live to their fullest and not have 50 billion in their bank account. If you need more money than you can spend to make you happy then your happiness is very fragile and isnt authentic
Of course no one NEEDS billions of dollars. But predicated the argument that "since no one NEEDS $___, wealth redistribution and capping is absolutely necessary" is ridiculous. You know who came up with that idea and implemented it? Fascists. If you make it so that people STOP accumulating money, then you'll just drive them to places where they can continue to accumulate it or, more likely, it would lead to events that would cause the downfall of that very system. There is a reason why no marxist country has lasted for very long. Marxism in general is a good idea in theory, but its so susceptible to corruption that it fails nearly 100% of the time
“That is not dead which can eternal lie, And with strange aeons even death may die.” - The Nameless City by HP Lovecraft
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post 1591342691 11-10-2019, 03:29 PM
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Originally Posted By isingmodel⏩
People like you do more to spur leftist ideology today than the commie manifesto could ever dream of. Quite ironic.
We know. Thats why America will end up like the successful left wing country . Umm. ummmmm





Oh wait. There are 0. Every single successful one is moderate right.
post 1591342811 11-10-2019, 03:31 PM
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#53
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It's been interesting seeing Economic Populism rising amongst the right wing, Conservatives are questioning the lasseiz faire attitude towards income inequality that began in the 80s.

IMO support for free market capitalism is dying. Even conservatives like Tucker Carlson, Steve Bannon, etc, regularly express concern about; the power and wealth of corporations, how the middle class is being screwed, and globalization (i.e. supporting Economic Nationalism).

I routinely see Libertarian/pro-free market capitalist ideas getting criticize from both the right and left these days.





If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1591342931 11-10-2019, 03:32 PM
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Originally Posted By bobbybondsfan⏩
We know. Thats why America will end up like the successful left wing country . Umm. ummmmm





Oh wait. There are 0. Every single successful one is moderate right.
I hope you are trolling.

I'm going to assume that you are.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1591343131 11-10-2019, 03:35 PM
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Originally Posted By BetaAsPhuck⏩
It's been interesting seeing Economic Populism rising amongst the right wing, Conservatives are questioning the lasseiz faire attitude towards income inequality that began in the 80s.

IMO support for free market capitalism is dying. Even conservatives like Tucker Carlson, Steve Bannon, etc, regularly express concern about; the power and wealth of corporations, how the middle class is being screwed, and globalization (i.e. supporting Economic Nationalism).

I routinely see Libertarian/pro-free market capitalist ideas getting criticize from both the right and left these days.





Christ. I thought you were smarter than these stupid arguments. And Trumps affect on future opinion of republicans is almost nill. All he represents to trump fans is America actually being a country and trolling liberals for their labeling anyone a racist/homophobe pre trump
post 1591343311 11-10-2019, 03:39 PM
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Originally Posted By BetaAsPhuck⏩
It's been interesting seeing Economic Populism rising amongst the right wing, Conservatives are questioning the lasseiz faire attitude towards income inequality that began in the 80s.

IMO support for free market capitalism is dying. Even conservatives like Tucker Carlson, Steve Bannon, etc, regularly express concern about; the power and wealth of corporations, how the middle class is being screwed, and globalization (i.e. supporting Economic Nationalism).

I routinely see Libertarian/pro-free market capitalist ideas getting criticize from both the right and left these days.









Lolbertarianism really died alongside Ron Pauls presidential campaign.
Misc Crypto Crew
BTC to $200k
post 1591343531 11-10-2019, 03:42 PM
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Originally Posted By BetaAsPhuck⏩
I hope you are trolling.

I'm going to assume that you are.
Let me guess: scandanavia is left wing?
post 1591343791 11-10-2019, 03:45 PM
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Originally Posted By bobbybondsfan⏩
Let me guess: scandanavia is left wing?
Yes.

The nordic countries are social democracies, which is a left wing form of capitalism (though many on the far left call it Centrist, rather than left wing).

https://en.wikipedia.org/wiki/Social_democracy

https://en.wikipedia.org/wiki/Nordic_model

I'm genuinely curious how you are going to argue that it's right wing.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1591343811 11-10-2019, 03:45 PM
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#59
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Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
Ok boomer
post 1591344151 11-10-2019, 03:50 PM
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Originally Posted By BetaAsPhuck⏩
It's been interesting seeing Economic Populism rising amongst the right wing, Conservatives are questioning the lasseiz faire attitude towards income inequality that began in the 80s.

IMOsupport for free market capitalism is dying.Even conservatives like Tucker Carlson, Steve Bannon, etc, regularly express concern about; the power and wealth of corporations, how the middle class is being screwed, and globalization (i.e. supporting Economic Nationalism).

I routinely see Libertarian/pro-free market capitalist ideas getting criticize from both the right and left these days.
I would say that skepticism of TRUE (unrestrained) free market capitalism is dying. It is true that the income gap is growing, but at the same time, the idea that "wealth redistribution and income capping SHOULD be implemented" and NOT Stop buying cheap chinese chit is ridiculous. I understand that trade relations are great for a country, but so is domestic infrastructure.
“That is not dead which can eternal lie, And with strange aeons even death may die.” - The Nameless City by HP Lovecraft
"The higher the prevalence of infectious diseases the higher the probability of totalitarian political attitudes."
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