A must watch video, Obama's radical tax plan...

[FightTheFuture]

Quote from Pilotboy:

Most of the rich are so because their parents were rich.

I suppose it depends on what you call 'rich'. Maybe you are thinking of inheriting $billions.

I don't remember the exact numbers, something like 80% of those with a net worth of at least 1 to 5 million did not inherit any of it, nor did they get a head start by being born into upper middle class or better.

One third of those that have won millions in the lottery end up bankrupt eventually. So much for handouts. One third. That sounds like the percent of people that are not capable of doing anything for themselves. Why should that one third be supported with more government handouts?

That one third of the population will never have anything no matter how much is given to them.

 

[gnome]

Quote from thesharpone:

i never said it is the only way, it is most probable

It's "easier", of course. I doubt it's "most probable". But I don't know for sure. In either case, it's irrelevant.

If you want to become financially successful, there is something YOU can do about it.

Nobody "deserves" to have wealth distributed to them.

 

[gnome]

Quote from FightTheFuture:

I"... I don't remember the exact numbers, something like 80% of those with a net worth of at least 1 to 5 million did not inherit any of it, nor did they get a head start by being born into upper middle class or better.

EXACTAMUNDO!

 

[Pilotboy]

Quote from FightTheFuture:

I suppose it depends on what you call 'rich'. Maybe you are thinking of inheriting $billions.

I don't remember the exact numbers, something like 80% of those with a net worth of at least 1 to 5 million did not inherit any of it, nor did they get a head start by being born into upper middle class or better.

One third of those that have won millions in the lottery end up bankrupt eventually. So much for handouts. One third. That sounds like the percent of people that are not capable of doing anything for themselves. Why should that one third be supported with more government handouts?

That one third of the population will never have anything no matter how much is given to them.

Ha! STATISTICS. Too funny! And ones you don't remember exactly.

 

[gnome]

If you are 40+ years old and barely have "2 nickels to rub together", there's a good chance that it's mostly your own fault. You never DID the right things to be better off.

Yeah, I know... "curcumstances". Well, we all have circumstances to be overcome. Some do, some don't. Some don't bother to try.

In this election year when many DemoCrap supporters will be voting for their elected leaders to "take from someone else and give to me", I'd much rather see everyone adopt the attitude of "let me have an opportunity, then GET THE HELL OUT OF MY WAY". In case you forgot, THAT's what made America great.

 

[thesharpone]

Quote from FightTheFuture:

I don't remember the exact numbers, something like 80% of those with a net worth of at least 1 to 5 million did not inherit any of it, nor did they get a head start by being born into upper middle class or better.

1 to 5 million can not be considered rich, maybe higher middle class but not rich, 3 years from now and i won't even consider them higher middle class

plus where do you get your statistics from

 

[Pilotboy]

There is no way to get any reliable statistics on this subject.

 

[gnome]

Quote from Pilotboy:

There is no way to get any reliable statistics on this subject.

Is that really important to you?

If you're already rich, then you certainly object to Obama wanting to take yours away and give it to someone else.

If you're not rich, don't look to Obama to do something significant for your financial life.

Figure it out and do something on your own. MILLIONS have already done so, therefore it can't logically be "impossible". You should at least give it a try.

 

[FightTheFuture]

Quote from Pilotboy:

Ha! STATISTICS. Too funny! And ones you don't remember exactly.

Maybe it would do you a lot of good to look up a few sources. And stop making excuses for yourself and others to not achieve success.


I notice you did not comment about the one third of millionaire lottery winners that go bankrupt which proves my point that no matter how much you give, losers will remain losers and apparently want to remain poor, with only dreams of more handouts remaining.



How much time did I waste looking for more than one source? I guess my memory is not so bad.

Spectrem Wealth Study, an annual survey of America’s wealthy

80 percent of Americans worth at least $5 million grew up in middle-class or lesser households
http://www.rd.com/money/work-and-career/best-jobs/secrets-of-successful-entrepreneurs/article.html

 

[hayman]

Quote from gnome:

You obviously don't understand the difference between "cause" and "good fortune".

I am a firm believer in that it ALWAYS starts at the top. You get credit for things that go right, and you take the blame for things that go wrong. When it comes to Presidency, there is an inheritance factor - that is, you inherit the pile of shit from the last guy. Let's look at what the last few Presidents inherited, and how they fared:

1) Carter - Turned things to shit

2) Reagan - Inherited a pile of shit, and did a great job. Debt
rose considerably, but he had no choice with the state of
economy that he was handed;

3) Bush Sr. - Inherited a rather well-turned-around admin, and
totally ignored the economy and played his little war game.
Responsible for creating a recession.

4) Clinton - Inherited a pile of shit, and turned around economy,
to one of the all-time economic boons in American History.
Unfortunately, his personal life is how he will be remembered.

5) Bush - Inherited a robust economy, and turned things to total
shit. Internationally and domestically, a total failure.

6) Clinton/Obama/McCain - I feel sorry for the poor asshole in
this bunch, who is inheriting a total pile of turd.