New Forbes 400 richest has some good news...

[werepossum]

My tin-foil hat is only made of tin, not titanium.

+1

Being wealthy is not predicated on looking down on people, just as being poor is not predicated on looking up to people.

Exactly. Being an asshole doesn't earn you any money. Hell, it generally hurts your ability to earn money. Looking down on the poor isn't one bit more profitable than looking down at the wealthy.

 

[dmcowen674]

Yes and you were an asshole. I'll remind you here as well though. Seriously get over yourself and try to not be so damn bitter. You clearly have issues. You simply don't like someone because they have more money than you. At what point do you say "You have enough money. You can't have anymore because then I'll hate you"?

I know my shit stinks, unlike others.

Who said anything about liking or not liking anyone?

What does that have to do with the greed factor of those that once reached a certain point of money wake up one morning and said that from now on their shit doesn't stink?

Spin, spittle and drivel all you want, the class war fare has nothing to do with me or anyone being bitter.

You and your kind are the ones with issues, mainly that you hate the country and Americans that our shit still stinks.

 

[randomrogue]

Get help dmcowen674. Professional help. There's something wrong with you.

 

[dmcowen674]

Get help dmcowen674. Professional help. There's something wrong with you.

Awwww, that's the best you can do?

Can't answer to any of the real issues, just throw sand eh?

 

[randomrogue]

I've asked questions to you and never got a response. You're just a bitter sick person. Get help. It's no fun talking to someone like you.

 

[dmcowen674]

I've asked questions to you and never got a response. You're just a bitter sick person. Get help. It's no fun talking to someone like you.

Saving the country from greedy America hating ilk is not supposed to be fun.

 

[bfdd]

Does anyone even pay to go to Ivy league schools?
Everyone I know who ever went to an Ivy league school went for free...

My brother is paying. My parents aren't rich, but they do well and we're going to get him through it.

 

[Fern]

This years top 400 has some good news - 70% of the richest 400 are self made (read: not inherited and worked their asses off for it, with some lucky strokes along the way). Although the gap between the rich and poor is growing, its good news because the stereotypes of the rich not earning their keep is becoming a cliche and nothing but a talking point. This just shows America is still a place where your dreams can come true...if youre willing to work hard, have an original idea, take chances, and have a few gusts of luck blow your way!

Summary of Forbes top 400

Been telling the lefties this for a while now. Their whole shtick about wealth disparity is predicated upon the false belief that only the rich get rich, and then they stay rich.

Fern

 

[Nebor]

You and your kind are the ones with issues, mainly that you hate the country and Americans that our shit still stinks.

It's so easy to hate it when the country is full of assholes like you.

 

[JSt0rm]

To become wealthy you have to be willing to pay people less then you charge others for their services.

That very statement means you are ok with fucking people over. And its OK.

 

[JSt0rm]

Been telling the lefties this for a while now. Their whole shtick about wealth disparity is predicated upon the false belief that only the rich get rich, and then they stay rich.

Fern

What is the socioeconomic background of these 400 people?

 

[HendrixFan]

Been telling the lefties this for a while now. Their whole shtick about wealth disparity is predicated upon the false belief that only the rich get rich, and then they stay rich.

Fern

Exception versus the norm. The US doesn't rank too high in class mobility. While there are outliers, such as a group of 400 people out of 300+ million, the majority of the population is constrained to move up or down only one quintile.

 

[davmat787]

What is the socioeconomic background of these 400 people?

Does it really matter? Should your children not enjoy the fruits of your hard work and labor? Isn't that the essence of life, to pass your genes on and give your offspring the best possible chance at life? What is wrong with that?

 

[HendrixFan]

Does it really matter? Should your children not enjoy the fruits of your hard work and labor? Isn't that the essence of life, to pass your genes on and give your offspring the best possible chance at life? What is wrong with that?

I thought the conservative mentality was something along the lines of success and financial well being as a result of ability. What you are talking about is a beginning form of aristocracy, which is something we rebelled against when forming this country.

 

[ArizonaSteve]

The jobs problem is apparently caused by "lack of demand". Well let's see, wages have been stagnant for years, jobs are being shipped off overseas, and all the greedy rich fucks are hoarding their wealth and effectively removing the money from the economy.

Maybe high taxes on salaries of $1 million or more and a wealth tax is needed here to encourage the greedy rich fucks to put their money back into the economy.

 

[davmat787]

I thought the conservative mentality was something along the lines of success and financial well being as a result of ability. What you are talking about is a beginning form of aristocracy, which is something we rebelled against when forming this country.

You are reading too much into my comment, first of all by trying to put me into some conservative or liberal bucket. What I am getting at is that it is human nature to want your offspring have the best life possible, is it not?

 

[JSt0rm]

Does it really matter? Should your children not enjoy the fruits of your hard work and labor? Isn't that the essence of life, to pass your genes on and give your offspring the best possible chance at life? What is wrong with that?

He was using this information to back up his claim that this disproves that only the rich get rich. Clearly he has access to this kind of information (socioeconomic) to make such a claim and I was asking him for it.

And there is nothing wrong with giving your offspring the best chances at life. I know how much it must suck for all these rich people to be rich and i would never fault them for making sure that every generation after them stays rich. However as a nation its best to not have huge monolithic dynasties. Every third world country on this planet has huge monolithic wealth at the top and 99% poor people. Everything is pointing to us going down this same road.

 

[JSt0rm]

The jobs problem is apparently caused by "lack of demand". Well let's see, wages have been stagnant for years, jobs are being shipped off overseas, and all the greedy rich fucks are hoarding their wealth and effectively removing the money from the economy.

Maybe high taxes on salaries of $1 million or more and a wealth tax is needed here to encourage the greedy rich fucks to put their money back into the economy.

We need money velocity. All of these poor libertarians and republicans that spend their days on these forums have bought into the church of trickle down.

My business succeeds because it caters to wealthy people. However it would do infinitely better if those same people began moving shed tons of money into the markets and looked for ways to keep their wealth from shrinking. All of us would do better.

 

[Riparian]

To become wealthy you have to be willing to pay people less then you charge others for their services.

That very statement means you are ok with fucking people over. And its OK.

Can you clarify what you are trying to say here. It is a bit confusing. Are you saying that people should never look for a bargain or a better deal?

 

[Craig234]

You are reading too much into my comment, first of all by trying to put me into some conservative or liberal bucket. What I am getting at is that it is human nature to want your offspring have the best life possible, is it not?

To a point. You don't need to deny that to thousands of others.

 

[Craig234]

Been telling the lefties this for a while now. Their whole shtick about wealth disparity is predicated upon the false belief that only the rich get rich, and then they stay rich.

Fern

First, there is mobility within 'the richest 400'. There's not a lot of mobility within the class they're in, though. #5 might go to #80 and #1600, he's not likely headed to the 60th percentile - or vice versa. That's illusory 'mobility'. The US has the worst concentration of wealth among advanced countries and our worst since before the great depression. It doesn't matter if the top 5,000 rotate in and out of the top 400, the fact that so much is in so few hands greatly harms opportunity in society.

I've called you the biggest apologist in the forum and you do so again here, for the harm of the greatest issue our nation faces, the excessive wealth concentration.

 

[JSt0rm]

Can you clarify what you are trying to say here. It is a bit confusing. Are you saying that people should never look for a bargain or a better deal?

If I have a business that gives foot massages I would pay you less then the value of the foot massage you are giving to make money from your work.

If you work you are being squeezed by your boss. This is really simple shit.

There really isnt anything wrong with this. But to say rich people are somehow altruistic and made all there money from the sweat of their brow is a little dishonest. Yes they probably had to work very hard but the real money comes from having others work for you for less then their value so you can multiply your profits.

 

[the DRIZZLE]

To become wealthy you have to be willing to pay people less then you charge others for their services.

That very statement means you are ok with fucking people over. And its OK.

You aren't fucking anyone over. They are free to go out and try to charge that rate on their own.

 

[the DRIZZLE]

If I have a business that gives foot massages I would pay you less then the value of the foot massage you are giving to make money from your work.

If you work you are being squeezed by your boss. This is really simple shit.

There really isnt anything wrong with this. But to say rich people are somehow altruistic and made all there money from the sweat of their brow is a little dishonest. Yes they probably had to work very hard but the real money comes from having others work for you for less then their value so you can multiply your profits.

There's more to running the business than giving foot massages. Starting and operating the business requires not only taking risk but a much larger skill set than simply doing the massages. The owner makes a lot more money for having this ability and taking the risk. Is he working as hard per dollar as the person doing the massages? Probably not, but I don't think anyone claimed that pay is only a function of effort.

 

[Engineer]

Good for them. Now if only the hard working middle class folks could quit moving backwards and join them in a "rising standard" future.