terpfan1980 terpfan1980

You tell me - why are rich people Rich?

You tell me - why are rich people Rich?

And further, why should they be forced to pay for others, and please define rich for all of us

Serious question - why do you think Rich people are rich?

Followed up by this question - why should the people you think are rich be compelled to share their wealth with society?

And one final question - define rich.  How much income/wealth must an individual have before you consider them rich?

 

Edited to add/clarify: please substitute the word "wealthy" for rich above as appropriate.

11,975 views 34 replies
Reply #26 Top
Nothing wrong with being on welfare as long as it's not your long-term wealth strategy.

I figure, the people who don't like the welfare program should get as much as they can from it anyway, because at least that way it's really helping someone get a boost up instead of helping someone be dependent for life.

I figure, the rich are rich because they want to be, and go out of their way to be rich. If getting rich was convenient, and easy, everyone would do it. So the people who get rich are those who really want to be rich, and are willing to take the long road to get there. That is, being rich later is more important than living rich now. And get rich quick schemes are not 'working to be rich'.
Reply #27 Top
Nothing wrong with being on welfare as long as it's not your long-term wealth strategy.
End of quote


My aunts and uncles raised families that thought of welfare as a way of life. Back when they used to give surplus food instead of food stamps, my aunt would complain about the food so my parents would take it. I really liked the cheese. I hated the powdered skim milk but the food definitely covered the necessities.

That is, being rich later is more important than living rich now. And get rich quick schemes are not 'working to be rich'.
End of quote


People don't get rich by spending pay check to pay check. You need to save and invest in tomorrow. I think that's the main problem a lot of people have. Not only do they not save, they spend into the future. If they can get the credit, they use it. Live it up now, worry about it later.
Reply #28 Top
I hated the powdered skim milk but the food definitely covered the necessities.
End of quote


We never took anything, but we drank that stuff! Hate it to this day!
Reply #29 Top

Nothing wrong with being on welfare as long as it's not your long-term wealth strategy.

I figure, the people who don't like the welfare program should get as much as they can from it anyway, because at least that way it's really helping someone get a boost up instead of helping someone be dependent for life.
End of quote

I would be more in favor of temporary welfare if the tax system wasn't so "progressive". 

It's easy to favor welfare programs if you're not having to pay for them. :)

Reply #30 Top
I don't favor them, but while they're there I will take what I am allotted. Why? Because I plan to more than make up for it in the taxes I pay in the future. And if I don't, then I really did need the welfare to begin with!
Reply #31 Top
Ah yes, manual labor is real work. Working in an office isn't. 
Having worked my share of menial manual labor jobs, I don't see the distinction.
End of quote


I forgot I replied to this,

I’m not comparing the value of the work just the energy expended. I felt that suggesting you try and work 100 hrs. in construction made that clear. Bottom line some jobs require 2 to 2 times the physical energy output per hour as what a CEO’s work entails and you simply can’t physically work the same hours, at least not for very long.

The more money you have the more time you have to devote to work. The poor can’t afford to pay anyone to do anything for them. The wealthy don’t have to do shit that isn’t work related unless they have kids.

The problem with the census is it was random. Employers don’t like to pay overtime so for the census to be meaningful they should have only included the self-employed when polling the poor. It’s not always possible to get a second job. Most jobs can only be done in the day so you would have to work a job outside of your field, which probably isn’t going to make enough difference to be worth it.
Reply #32 Top
note to developers...my reply window is the size of a postage stamp, lol.

I think the rich can get to that point in a number of different ways like Cacto mentioned, often times its just being born (or married) into it.

I certainly don't think the rich work harder than the less rich. On the contrary, I believe many poor Americans really bust their butt for their paycheck each week instead of just letting the paycheck come rolling on in no matter what. Yes, Im sure we could list in detail the reasons why, but many get stuck in a rut they can't get out of, or won't be able to for quite a while. Are they less talented, less intelligent? not by far, they just don't have the opportunities that others have. Just because you run a company, that doesn't, by default, make you smart.

What do you define as rich? Many people think its just a monetary thing. To me, money does not make one rich.
Reply #33 Top

Rich people are rich because they are smarter than the average person, inherited a lot of money from their parents who were smarter than the average person, or won the lottery.


Rich people often donate to charity because when they do, they're taxes get reduced (this is true!)
Of course some will donate because they care about the cause :-)

It's hard to define rich, because every person has a different opinion of what makes someone rich.

ex:
1) A kid grows up in the ghetto, the kid who lives in the middle class suburban neighborhood will be considered rich to the kid who lives in the ghetto.
2) A kid grew up in the suburban neighborhood, with parents who work average jobs, who can't afford to pay for college for their kid, or apt./dorm rent (for the kid if they must move out for school), or give them money monthly to shop etc., which forces the kid to get a part time job and take out loans.
A kid who grew up in the same suburban neighborhood, with a bigger house, parents have better jobs, they can afford to pay many things for the kids............but to be able to afford all these things the dad has to continue working till he's 65 to put the kid through school (this will still be considered rich to the other suburban kid who doesn't get all that)
3) Then you have the third which is MY definition of truly rich. The kid that grows up in a mansion, who doesn't have to worry about working a day in their life (because they will get an inheritance), who got a bmw at 16, who gets a shopping allowance of god knows what / month...
This will be considered to rich to the other suburban kid who gets close to the same amount of things, but won't get an inheritance and still have to worry about their futur.
Anyway no matter how you define RICH there is always someone RICHER than you..............