HBB fighting the good fight / lets spoon

[Stinkum]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Hah, you guys (and your impressive grasp on social economics) are great. Seriously, don't be mad at people with money just because you don't have any money. They are not the reason that you are a miserable failure and their success does not negate your ability to also be successful. Despair not, there is hope! Log off of a 10 year old and drama filled game, go out from the basement, shave your neckbeard and get a job. Stop spending all of your money on Doritos and acne medicine.

In the meantime, I'll try to earn my own living and report back how it goes.

I assure you that not a single person here believes you are living some kind of good life like you try to pretend.

You sound extremely bitter and insecure.

[vaylorie]

Originally Posted by Stinkum [You must be logged in to view images. Log in or Register.]

I assure you that not a single person here believes you are living some kind of good life like you try to pretend.

You sound extremely bitter and insecure.

Hmm.. define 'good life'? I don't believe I am pretending that I am living some kind of 'good life'... [You must be logged in to view images. Log in or Register.]

[vaylorie]

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

And btw the kind of money I'm talking about is rarely earned like you and me might, it's inherited over many generations.

Fact check? What kind of money are you referring to (net worth presumably)? Over 5M, 10M, 100M, 1B+? i know at least in the sub $10M range, a wide majority are first generation wealthy. Also, how many people do you think actually fit into the group you're talking about?

[vaylorie]

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

All these questions and more were answered in the video I posted if you bothered to pay attention.
As far as your second question, the group is called the 1% because they own over 40 of the wealth, the rest of us are called the..................?
Wait for it..................
The 99%!

Let me ask this. Assuming the fact that the wealthy 1% has 40% of the nations overall wealth, do you feel that this precludes you from becoming wealthy or growing wealth? The difference between you and I is that I don't disparage them because of their wealth nor have I experienced an inability to succeed because of the fact that someone else is exceedingly wealthy.

You're video even calls out that the bottom 20% don't invest in the market which has also grown by 1300% in the past 30 years. The wealth of the 1% fluctuates tremendously and grows tremendously because they invest. There are certainly immoral and corrupt politicians and wealthy people and everyone is right to be angry with them, but the fact that someone is wealthy does not preclude me from succeeding.

[vaylorie]

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

Ok good I can see that your starting to learn and think. Now go back and watch Katabob's video again and report back with what some pitfalls of gross inequality are.

Way to avoid the question. Also, if your basis for the way the economy works is the ridiculous video that Katabob posted, then I pity you. I specifically did like the part that says "the people invested in their future together... they called it, paying taxes". Nice, hah. I don't know about you but I don't view my tax bill as an investment for my future. Do you really look back with fondness on the days that everyone was happy that they got to pay taxes as in the start of the video. I must not remember those times.

Again, your logic (and the premise of the video) is that rich people evil/immoral by nature of their wealth. I disagree. Some of them are but it is not because of their wealth, it is because they are evil/immoral.

[Kagatob]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Way to avoid the question. Also, if your basis for the way the economy works is the ridiculous video that Katabob posted, then I pity you. I specifically did like the part that says "the people invested in their future together... they called it, paying taxes". Nice, hah. I don't know about you but I don't view my tax bill as an investment for my future.

Something tells me that you don't pay taxes at all, but assuming you do, then something else tells me that you don't understand what pays to maintain the entire infrastructure of the nation. Even if you don't like schools and public transportation because you are so wealthy you don't need them, you do like roads, running water and electricity don't you? And before you argue that you have water/electric bills, you are billed for the service, the city, which is funded by *gasp* taxes, pays to maintain the delivery system that gives you the service.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Do you really look back with fondness on the days that everyone was happy that they got to pay taxes as in the start of the video. I must not remember those times.

You must be young, "back in the day" everyone paid their "fair share" which they don't now. Again, you show your gross ignorance of social economics.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Again, your logic (and the premise of the video) is that rich people evil/immoral by nature of their wealth. I disagree. Some of them are but it is not because of their wealth, it is because they are evil/immoral.

Money = power and power corrupts.

[vaylorie]

Originally Posted by Kagatob [You must be logged in to view images. Log in or Register.]

Something tells me that you don't pay taxes at all, but assuming you do, then something else tells me that you don't understand what pays to maintain the entire infrastructure of the nation. Even if you don't like schools and public transportation because you are so wealthy you don't need them, you do like roads, running water and electricity don't you? And before you argue that you have water/electric bills, you are billed for the service, the city, which is funded by *gasp* taxes, pays to maintain the delivery system that gives you the service.

Get real. I paid $7K in property taxes last year that funds the bulk of this. Go here and let me know your findings: http://www.whitehouse.gov/2011-taxreceipt. Don't blame me if I don't get excited about spending $8,500 on Medicaid related costs and insurance in addition to my health insurance premiums or $2,000 towards paying interest on the national debt or another $4,000 on social welfare programs or another almost $8,000 for a social security system that will likely not be there when I retire due to mismanagement. If this excites you then you are in luck because there is a lot to get excited about. These things are not a cheerful 'investment in my future'.

Originally Posted by Kagatob [You must be logged in to view images. Log in or Register.]

Money = power and power corrupts.

This is sound logic on why rich people are evil. I applaud your intellectual approach to this.

[vaylorie]

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

Tired, but to start with, I have a problem with decent hard working folks loosing their 401K's while the Govt. bails out the banks.

DJI closed at a record high today. I don't know about you but my 401K has actually grown in value since 2008. The value did drop for a time, but this is the risk of investing.

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

I have a problem with the big companies taking taxes out of their employees paychecks but not giving it to the state and fed.

I have literally never heard of any large company withholding taxes and not paying them. If they do, it would be reported and the company would get tremendous fines. You are essentially either making this up or you don't mean 'big companies' as you indicated. Perhaps a mom and pop store that doesn't know how to operate has done this.

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

I dont like supreme court judges that used to be vp's of companies like Monsanto sitting over cases that they own stock in.

I have no idea what you are referring to here but I also wouldn't like this.

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

I dont like the ceo's and companies having record breaking profits while cutting jobs, bennies and raising prices and screwing us over. Just to name a few

Have you thought that companies aren't reinvesting profits because they have no idea what the economic climate will be and/or the impact of constantly changing policies, like obamacare, that are potentially detrimental to business and that politicians pass without actually knowing the impact? They are indeed businesses and are responsible to the people that own the company (stockholders, including the aforementioned 401K investors) to generate a profit and grow the company.

[Kagatob]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

DJI closed at a record high today. I don't know about you but my 401K has actually grown in value since 2008. The value did drop for a time, but this is the risk of investing.

Have you thought that companies aren't reinvesting profits because they have no idea what the economic climate will be and/or the impact of constantly changing policies, like obamacare, that are potentially detrimental to business and that politicians pass without actually knowing the impact? They are indeed businesses and are responsible to the people that own the company (stockholders, including the aforementioned 401K investors) to generate a profit and grow the company.

Huh...

[vaylorie]

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

Bullshit, companies will take and keep all they can. You really think a company that has record breaking profits with the minimum amount of employees, most on contract with no benefits, is suddenly going to create more jobs and decide to run less efficient?

This is just foolish, especially your unfounded accusation that 'most' people that work for companies are on contract and don't have benefits. The rest of your rant makes complete sense, if you have no concept for how the world actually works. Companies don't hire people just to create jobs, they hire people to scale and expand the business. To help you catch up, if I hire more sales people, I can sell more. If I hire more factory workers, I can produce more. Hopefully you get the point.

Yes, they are responsible to keep all they can and operate efficiently but that is not the same thing as not hiring more people. When a company is unsure how an economy or economic policies are going to impact their business they will automatically become more conservative financially. Let me break this one down for you also. It I bring in $1M in profit this year and I want to grow my business, I can reinvest some of that money into the business by way of infrastructure, facilities, people, etc. If the government passes legislation that is going to take my profit from $1M to $250K I am not going to reinvest much, if any, since I still need to make a profit to be a viable company. Now if I don't have any form of realistic picture of what government policies are going to be coming down the road in the short term that may impact me, I am not going to reinvest any additional money until there is a sense of stability.

Also, just so you understand, YES, a company does make a profit and they should. Any company that doesn't turn a profit is either 1) a Non-Profit organization or 2) going out of business. It is not the primary purpose of a business to create jobs, but a successful and unimpeded business will create jobs as well as profit as it is a mutually beneficial situation.

You can say it is BS but I have met with 20+ small business owners that have said the EXACT same thing. They are holding onto cash right now because they don't know how Obamacare and other legislation is going to impact them. This is the reality even if it doesn't fit your perception.

Originally Posted by Mighty Xenu [You must be logged in to view images. Log in or Register.]

All I know is there is a lot of fucking BS going on here. It's naive to think everything is Honky Dorey and sum it up as "poor people are mad and I'm going to be rich". The 1% are getting richer and richer and paying less and less, everyone else is struggling to survive and get a piece of the American dream and getting less and less in return for their efforts.

You have no logical reasoning for correlation or causation. Yes, the poor are staying poor. Yes, the rich are getting richer. You submit that the poor are poor BECAUSE the rich are getting richer which is ridiculous. The economy is not a static number of dollars that are just slowly moving away from the poor and towards the wealthy. Apart from your unfounded bullshit you have shown nothing that says the rich guy getting richer negates the ability for the poor man to increase his station.

It's very easy to be envious and make a demon out of a rich person because they have money and you want money. To further that cause, you make outlandish statements and try to conjurer up the idea that all wealth is evil (unless you would have it). You hear some moron twist data and then repeat it like it is fact while having no actual notion for how shit really works. If you basis is youtube video's, you are already screwed.