When debating wealth haters, it's always been my contention that they are wealth haters because they've never made a personal investment in their lives. They hate the money the wealthy have less than they hate the perseverance in their personalities that gave them such financial success.
And of course, many on the left who were never even successful working a full-time job feel the same way. They often blame the rich for their demise instead of themselves. These people believe we live in a bubble, and within our bubble, there is only so much money. Therefore, when one has too much, it's the reason others have too little.
That brings us to Bern baby Bern. As it turns out, he never had a steady paycheck until the age of 40, and it was government paychecks at that. While he is totally open about his upbringing in poverty, it seems he never tested private market to try and get a piece of that pie for himself.
Bernie Sanders, The Bum Who Wants Your Money
most people don't hate wealth. they hate the growing disparity between haves and have nots.
and no, most people are not socialist so your basic premise is incorrect.
Sure people hate the wealthy. Many on the left do. It's why they are attacked with such vitriol here and other places.
Wealth disparity? Well if there is this wealth disparity, then somebody or some people have to be in charge, wouldn't you agree? And if so, who are these people?
again, no. it has to do with policies that are exacerbating the disparities which while they existed, did not exist to the degree they do now.
but keep making up things and then argue against the things you're making up.
What policies? There is no policy that could make the gap any larger or smaller or even start the gap in the first place. Government doesn't decide on how much we should make outside messing around with minimum wages.
Questions to every business owner on here, or those who work for themselves--------->
1. When starting out on this, your current successful endeavor, how many hours did you put in per week (average) the 1st 2 years?
2. How much income did you get on average per week from your endeavor, the 1st 2 years?
3. How many times (from memory) did you think you might not make it in the 1st 2 years, and consider all the work you had done may not have let you succeed?
4. If you have hired an employee,(s) how many of them did you go through before you found 1 worth keeping?
5. What was the actual cost to YOU to hire an employee.............not their direct compensation mind you............but their compensation PLUS what it cost you in government interference to have you employ them?
Now, I want to go back to question 1 if I may, and make this statement.----->
If it takes this many hours (the hours our posters put in averaged out) then you can theoretically deduct 20% from that number, and that would be compensation for an employee. How do we come to that number? Easy! Most employers will NOT hire an employee unless they get a profit BEFORE taxes from said employees labor, of between 13 and 19%.
Now look at question 2! The owner of that business probably did NOT even get an employees compensation for at least 2 years, lol. And I betcha, most people would say it was longer than that.
Point of this exercise is------------> It takes a special kind of person to do this, never knowing if they will EVER make a ton of money, put their families lives on hold, put their wealth and sweat equity into something that may, or may not succeed, hire people who do not have the intestinal fortitude to do it themselves giving them gainful employment, and the answer from the left when all of it finally pays off is (and the failure rate is much higher than the success rate, which means your spouse is probably going to divorce you)...........to screw them!
In the new America, some how, that is fair! Go figure.
1 - 80 to 100 wasn't uncommon.
2 - Not a lot, 30-40k a year but it was structured around jobs, so there wasn't a weekly paycheck. But that went a lot farther in those days.
3 - Pretty much daily. Borrowed money on occasion to pay bills till the job paid off. Then happened way too often through the years, but somehow made it work.
4 - Not that many, I'm picky so I tend to go through fewer losers in the hiring process.
5 - Damn, that's a tough one. Figure 20-25% of their salary on top of what I paid them in salary and bonuses. I'm a big believer in completion bonuses, but the taxes on them are ruinous to everybody.
Good points. Good thing my wife had a great job with stability. Couldn't have done it without her.
Yes it's hard, dunno if I could have done it now, with the regulatory environment so much more toxic to employers. I'd probably have tried though, I'm pretty darn stubborn.