The Rich Really Are Different Than Average

[Humpy]

Now some billionaires think they can show the world what great politicians they are too.
The swamp monster rides again.

 

[Humpy]

Actually, it would just have them taking their talent and wealth elsewhere where they're not harshly penalized for successfully building and controlling great amounts of wealth far better than the rest of us are able to. Laffer said it best, "You can't tax an economy into prosperity."

Look at the business world; success is generated when you create an attractive environment for top talent and give them the freedom and autonomy to do what they do best. Autocratic, rigid environments quickly lead to stagnation. This type of attitude you're espousing is short-sighted and ultimately counterproductive toward the goal of lasting prosperity.

No harm in spreading the wealth around a bit. Can't expect the 80% to live in poverty while the elite live like kings.
Many of the US people are brainwashed by drugs and dreams. Stick up for yourselves ya spineless idiots.

 

[jem]

its not the business success that cements in the massive wealth gaps. its income taxes and death taxes. the really wealthy have access to tax avoidance structures. they get to buy up the politicians and the assets of the estates who had to sell off the assets to pay taxes.

 

[marketsurfer]

its not the business success that cements in the massive wealth gaps. its income taxes and death taxes. the really wealthy have access to tax avoidance structures. they get to buy up the politicians and the assets of the estates who had to sell off the assets to pay taxes.

Intelligence, desire and drive has much to do with wealth gap. The driven intelligent or not can access similar tax avoidance tactics as the super wealthy, its just a matter of scale in many cases.

Just take a look at the nervous grublets watching my every move on the surf report rather than even taking a chance with their own journal---let alone capital. it's a great reflection of the real world, they will always be among us.

 

[marketsurfer]

No harm in spreading the wealth around a bit. Can't expect the 80% to live in poverty while the elite live like kings.
Many of the US people are brainwashed by drugs and dreams. Stick up for yourselves ya spineless idiots.

Once its spread, it's no longer wealth, and nothing improves.

surf

 

[lovethetrade]

Yes, access to information and better networked plus their psychology is different. The rich are usually searching for the next win whereas struggle street is usually look for the next person to blame or something to complain about.

 

[drcha]

Exactly. Not my thing to exploit the poor on basic needs.

If you don't mind my asking (I am just curious, not looking for a conflict), if you believe that, why would you ever trade a stock, even for five minutes? Every utility charges people a penalty to reinstate their phone or electric service. Every REIT tosses out tenants who don't pay. Every bank charges penalties for overdraft. Every company is looking for ways to cut costs by replacing low-level employees with robots or overseas personnel. Everyone is exploiting the poor in one way or another.

 

[marketsurfer]

If you don't mind my asking (I am just curious, not looking for a conflict), if you believe that, why would you ever trade a stock, even for five minutes? Every utility charges people a penalty to reinstate their phone or electric service. Every REIT tosses out tenants who don't pay. Every bank charges penalties for overdraft. Every company is looking for ways to cut costs by replacing low-level employees with robots or overseas personnel. Everyone is exploiting the poor in one way or another.

It's kinda like eating meat as long as someone else kills it. But, yeah, you make an excellent point.

surf

 

[luisHK]

If you don't mind my asking (I am just curious, not looking for a conflict), if you believe that, why would you ever trade a stock, even for five minutes? Every utility charges people a penalty to reinstate their phone or electric service. Every REIT tosses out tenants who don't pay. Every bank charges penalties for overdraft. Every company is looking for ways to cut costs by replacing low-level employees with robots or overseas personnel. Everyone is exploiting the poor in one way or another.

I don't see what any of the above has to do with "exploiting the poor".

 

[sle]

I have frequently dealt with young adults who have the interpersonal skills and intelligence of a hermit crab.

I've met a few pretty intelligent and personable crabs in my day.

The world of business/finance/money And having a clean conscience don't generally mix ;

I don't really see that. Granted, the higher the stakes go, more assholes it attracts, but you always have a fair share of honest people. It's fairly easy to be a clean player in an almost-true meritocracy. If anything, I'd say the world of government and clean conscience do not mix, simply by it's nature.

Intelligence, desire and drive has much to do with wealth gap.

Nah, it's mostly luck. Either you're born with a golden spoon in your mouth (in option-speak means that you start from a nice high spot price) or you have an lucky event that takes you up (volatility is in your favor). The hard work and all that other stuff adds a little bit of drift to your spot price but doesn't really change the outcome that much.