why do rich people want to keep making money
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From: Orlando/Sarasota, FL
i want to be rich... id move to a castle in italy and then just wander the streets in a lamborghini looking for beautiful women to blow coke off of and then when i wake up in the morning i can stroll out to my balcony, dressed in a robe smoking, look out at the mediterranean and take in the fact that i just bought out quiznos and pilsner...i dont know im high right now peace
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From: bay area
why stop at 50 million? because in a few years that 50 million you started out with will no longer be the same value. inflation, etc...
this is a capitalistic society, you have no right to bitch.
you want to get rich? get off your butt and stop living off the gov. nothing is handed to you.
this is a capitalistic society, you have no right to bitch.
you want to get rich? get off your butt and stop living off the gov. nothing is handed to you.
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From: Monteagle, TN
here's my take. I'm only 23, and come from complete poverty. Growing up with my surroundings, I wanted to make six figure. That way I can afford all the finer things in life. Nice house, nice car...
when you make six figure, you realize it's not shit. you actually don't own that house, your mortgage company does. you don't own that car because you owe on it, and it's a depreciating asset. It's only bling when you first get it. Now you need some real tangible assets to feel like you own something. Maybe lots of property, or other sound investments. along the process you learn to make your money work for you. You become more comfortable knowing it's okay to owe money at X rate of intrest as long as you can make Y in return. You also learn that money grows exponentially, so the more you stretch now will yield exponential returns in the long term future. You continue working very hard. making countless sacrifices to ensure your financial sucess. The value of your sacrifices become of higher value to you then the material things you own. You continue to try and feel the void with more expensive things....the cycle continues and you go to hell.
others watch you become materialistic bastards in the process, and wonder why one continues to want more money.
this is just one of many reasons. don't forget that money makes more money. After a while, you're not dong much to continue your financial growth.
when you make six figure, you realize it's not shit. you actually don't own that house, your mortgage company does. you don't own that car because you owe on it, and it's a depreciating asset. It's only bling when you first get it. Now you need some real tangible assets to feel like you own something. Maybe lots of property, or other sound investments. along the process you learn to make your money work for you. You become more comfortable knowing it's okay to owe money at X rate of intrest as long as you can make Y in return. You also learn that money grows exponentially, so the more you stretch now will yield exponential returns in the long term future. You continue working very hard. making countless sacrifices to ensure your financial sucess. The value of your sacrifices become of higher value to you then the material things you own. You continue to try and feel the void with more expensive things....the cycle continues and you go to hell.
others watch you become materialistic bastards in the process, and wonder why one continues to want more money.
this is just one of many reasons. don't forget that money makes more money. After a while, you're not dong much to continue your financial growth.
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From: Santa Monica-SoCal
been gone for a day and havent finished reading through it all yet. it must be first said that all this is just a fun mental exercise. dont get your panties in a bunch.
but i have to say, I'm so tired of hearing you sanctimonious self righteous jerks talk about work hard=deserve wealth. YOU may have gotten lucky and it appeared that your hard work earned you your living, but what would you say to the multitudes of other who work hard if not harder than you and earn less. there are other factors here besides your own egos. race discrimination, social skill, appearances, plain dumb luck, etc. all im saying is think about other people than yourself. i can't quote all the research now, but do you really think this country is fair in opportunity to all? try and be a little more humble. imagine a reality where you worked as hard as you did, but it did not pay off for one of the realistic reasons. would you be so full of yourself then?
for those saying that it will stifle econ growth, let me repeat clearly. people will still be motivated to reach the wealth cap and most will never come close. why do you think it is ok for money to sit there only to stroke an ego, as opposed to inefficiently being used by the government to improve life for others? does no one see how philantropy would become fashionable? similar to how celebrities have made hybrid cars a fashion.
individualized thinking is what stops our country from being great. we certainly have the drive and the power, but we are pathetic and selfish. in other countries, they care about the well being of the many over the few in terms of health care, etc. that makes them a community. our way makes us barbarians.
but i have to say, I'm so tired of hearing you sanctimonious self righteous jerks talk about work hard=deserve wealth. YOU may have gotten lucky and it appeared that your hard work earned you your living, but what would you say to the multitudes of other who work hard if not harder than you and earn less. there are other factors here besides your own egos. race discrimination, social skill, appearances, plain dumb luck, etc. all im saying is think about other people than yourself. i can't quote all the research now, but do you really think this country is fair in opportunity to all? try and be a little more humble. imagine a reality where you worked as hard as you did, but it did not pay off for one of the realistic reasons. would you be so full of yourself then?
for those saying that it will stifle econ growth, let me repeat clearly. people will still be motivated to reach the wealth cap and most will never come close. why do you think it is ok for money to sit there only to stroke an ego, as opposed to inefficiently being used by the government to improve life for others? does no one see how philantropy would become fashionable? similar to how celebrities have made hybrid cars a fashion.
individualized thinking is what stops our country from being great. we certainly have the drive and the power, but we are pathetic and selfish. in other countries, they care about the well being of the many over the few in terms of health care, etc. that makes them a community. our way makes us barbarians.
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Originally Posted by dyhppy,Oct 31 2007, 08:16 AM
been gone for a day and havent finished reading through it all yet. it must be first said that all this is just a fun mental exercise. dont get your panties in a bunch.
but i have to say, I'm so tired of hearing you sanctimonious self righteous jerks talk about work hard=deserve wealth. YOU may have gotten lucky and it appeared that your hard work earned you your living, but what would you say to the multitudes of other who work hard if not harder than you and earn less. there are other factors here besides your own egos. race discrimination, social skill, appearances, plain dumb luck, etc. all im saying is think about other people than yourself. i can't quote all the research now, but do you really think this country is fair in opportunity to all? try and be a little more humble. imagine a reality where you worked as hard as you did, but it did not pay off for one of the realistic reasons. would you be so full of yourself then?
for those saying that it will stifle econ growth, let me repeat clearly. people will still be motivated to reach the wealth cap and most will never come close. why do you think it is ok for money to sit there only to stroke an ego, as opposed to inefficiently being used by the government to improve life for others? does no one see how philantropy would become fashionable? similar to how celebrities have made hybrid cars a fashion.
individualized thinking is what stops our country from being great. we certainly have the drive and the power, but we are pathetic and selfish. in other countries, they care about the well being of the many over the few in terms of health care, etc. that makes them a community. our way makes us barbarians.
but i have to say, I'm so tired of hearing you sanctimonious self righteous jerks talk about work hard=deserve wealth. YOU may have gotten lucky and it appeared that your hard work earned you your living, but what would you say to the multitudes of other who work hard if not harder than you and earn less. there are other factors here besides your own egos. race discrimination, social skill, appearances, plain dumb luck, etc. all im saying is think about other people than yourself. i can't quote all the research now, but do you really think this country is fair in opportunity to all? try and be a little more humble. imagine a reality where you worked as hard as you did, but it did not pay off for one of the realistic reasons. would you be so full of yourself then?
for those saying that it will stifle econ growth, let me repeat clearly. people will still be motivated to reach the wealth cap and most will never come close. why do you think it is ok for money to sit there only to stroke an ego, as opposed to inefficiently being used by the government to improve life for others? does no one see how philantropy would become fashionable? similar to how celebrities have made hybrid cars a fashion.
individualized thinking is what stops our country from being great. we certainly have the drive and the power, but we are pathetic and selfish. in other countries, they care about the well being of the many over the few in terms of health care, etc. that makes them a community. our way makes us barbarians.
You are completely worng when you say "individualized thinking is what stops our country from being great.'
The exact opposite is true.
Quoting you again "YOU may have gotten lucky and it appeared that your hard work earned you your living, but what would you say to the multitudes of other who work hard if not harder than you and earn less.".
Frankly, it's not my problem. No-one forced me into what I do for a living, and no-one forced anybody else into what they are doing for living (third world slavery aside).
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Making money, even when you are "rich" isn't as easy as you seem to think. You'd need 20 million dollars in the bank [not including your house, cars, vacation property, etc.] at 5% interest to have 1m per year. You could only use/spend/give away roughly $300,000 per year if you wanted to make sure your initial 20M was adjusted for inflation each year, otherwise you'd be "losing" money.
Do you really* think 300,000K a year is "excess" or somehow ridiculous? If you had 20M would you have the discipline to 'only' spend about 300k a year?
When someone has billions of dollars this effect is not that important but if are willing to bust your ass so you can travel the world and race expensive cars you are going to need some serious cash. Along the way you are doing nothing more than uplifting everything you touch and improving the tax base.
Without "excess" earners like penta-millionaires/etc. our society would be decimated. There are tons of bottom feeders that are absolutely worthless to society that only need one penta-millionaire to feed them.
BTW, that 5% isn't all millionaires. The top 1% of the top 5% holds as much net worth as the rest. If you make 6 figures and save a decent portion of your wage you are in the top 5% by the time you die.
You are looking on the wrong side of the chart. What should be amazing you is all the inefficiency at the bottom, not those at the top willing to work so hard when it's obvious they can already shelter/feed their families to a satisfactory extent.
Do you really* think 300,000K a year is "excess" or somehow ridiculous? If you had 20M would you have the discipline to 'only' spend about 300k a year?
When someone has billions of dollars this effect is not that important but if are willing to bust your ass so you can travel the world and race expensive cars you are going to need some serious cash. Along the way you are doing nothing more than uplifting everything you touch and improving the tax base.
Without "excess" earners like penta-millionaires/etc. our society would be decimated. There are tons of bottom feeders that are absolutely worthless to society that only need one penta-millionaire to feed them.
BTW, that 5% isn't all millionaires. The top 1% of the top 5% holds as much net worth as the rest. If you make 6 figures and save a decent portion of your wage you are in the top 5% by the time you die.
You are looking on the wrong side of the chart. What should be amazing you is all the inefficiency at the bottom, not those at the top willing to work so hard when it's obvious they can already shelter/feed their families to a satisfactory extent.
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From: Connecticut
dyhppy, you need to read some econ books, brother.. You're looking this from the completely wrong angle and not addressing the real problem.
It has been proven that our welfare state has led to a huge decline in philanthropy. Voluntary organizations, charities, and donations flourished before it was unconstitutionally turned into a government function. As the government steals more and more money from citizens and the private sector through tax increases and monetary inflation to fund the welfare state, the people have less resources available for charitable donations. Voluntary social services have always been more effective.
This doesn't even touch on the fact that government sponsored welfare breeds helplessness and dependency, leads to subordination, and undermines personal responsibility.
What do you think is going to benefit society more.. Bill Gates giving billions of dollars to his own and other charities that directly benefit the lives of others, or the government squandering and misplacing money, and creating a class of dependent misfits?
It has been proven that our welfare state has led to a huge decline in philanthropy. Voluntary organizations, charities, and donations flourished before it was unconstitutionally turned into a government function. As the government steals more and more money from citizens and the private sector through tax increases and monetary inflation to fund the welfare state, the people have less resources available for charitable donations. Voluntary social services have always been more effective.
This doesn't even touch on the fact that government sponsored welfare breeds helplessness and dependency, leads to subordination, and undermines personal responsibility.
What do you think is going to benefit society more.. Bill Gates giving billions of dollars to his own and other charities that directly benefit the lives of others, or the government squandering and misplacing money, and creating a class of dependent misfits?
Joined: Oct 2000
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From: Nashville
Originally Posted by vtec9,Oct 31 2007, 10:12 AM
This doesn't even touch on the fact that government sponsored welfare breeds helplessness and dependency, leads to subordination, and undermines personal responsibility.
What do you think is going to benefit society more.. Bill Gates giving billions of dollars to his own and other charities that directly benefit the lives of others, or the government squandering and misplacing money, and creating a class of dependent misfits?
What do you think is going to benefit society more.. Bill Gates giving billions of dollars to his own and other charities that directly benefit the lives of others, or the government squandering and misplacing money, and creating a class of dependent misfits?
The system definately rewards creative laziness....