Victory for Trickle Down.......Richest Americans wealth jumps 8%

[Spoonman]

they sure didn't get it by sitting back on their as and living off entitlements. They worked for it. Took risks and earned it. That what built America strong.

They risked nothing but their credit rating, hardly worked at all and did almost all of that "work" sitting on their ass.

What fantasy world do you live in?

yea it's so easy. That's why your rich right?

 

[uscitizen]

they sure didn't get it by sitting back on their as and living off entitlements. They worked for it. Took risks and earned it. That what built America strong.

Yep that is the way McCain, Kerry, Bush, etc got their money.

Were they on welfare? I didn't think so.

No either inherited or married into it. they did not earn it.

 

[asterism]

Wealthy people, often, are wiser with money. They know how to handle money, and so when real estate comes on the market for bargain rates, they can snap it up.

They didn't get rich by living off credit cards and buying crap they couldn't afford. They got rich by being intelligent, making long range plans and carrying out those plans. It was no accident that they got rich, but a result of hard work and lots of planning.

Lots of them got rich off of credit. why else would banks be to big to let fail?

You miss the point. Properly leveraging credit (at record low rates) is completely different than "living off credit cards and buying crap they couldn't afford." Get it?

 

[loosecannon]

Wealthy people, often, are wiser with money. They know how to handle money, and so when real estate comes on the market for bargain rates, they can snap it up.

They didn't get rich by living off credit cards and buying crap they couldn't afford. They got rich by being intelligent, making long range plans and carrying out those plans. It was no accident that they got rich, but a result of hard work and lots of planning.

Lots of them got rich off of credit. why else would banks be to big to let fail?

You miss the point. Properly leveraging credit (at record low rates) is completely different than "living off credit cards and buying crap they couldn't afford." Get it?

you just described two sides of the same coin. Get it?

 

[loosecannon]

they sure didn't get it by sitting back on their as and living off entitlements. They worked for it. Took risks and earned it. That what built America strong.

They risked nothing but their credit rating, hardly worked at all and did almost all of that "work" sitting on their ass.

What fantasy world do you live in?

yea it's so easy. That's why your rich right?

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

 

[uscitizen]

An American fact:
The more you "earn" the less physical/productive work you do.
The average US worker does far more to build a sustainable America than does the hedgefund manager.

 

[Spoonman]

Yep that is the way McCain, Kerry, Bush, etc got their money.

Were they on welfare? I didn't think so.

No either inherited or married into it. they did not earn it.

Have you seen kerry's wife? try living with that rag for 30 years and tell he didn't earn it.

 

[Spoonman]

They risked nothing but their credit rating, hardly worked at all and did almost all of that "work" sitting on their ass.

What fantasy world do you live in?

yea it's so easy. That's why your rich right?

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

 

[uscitizen]

Now she must be a very tolerant and nice person to have not left or killed Kerry yet.

 

[uscitizen]

yea it's so easy. That's why your rich right?

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

for every one that made it the hard way, aka New Money types. There are hundreds that made it the old fashioned way, they inherited it it. aka old money types.

 

[Spoonman]

Now she must be a very tolerant and nice person to have not left or killed Kerry yet.

Kerry was a war hero. Or so he says.

 

[Spoonman]

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

for every one that made it the hard way, aka New Money types. There are hundreds that made it the old fashioned way, they inherited it it. aka old money types.

But they maintain it. That's the difference. Look at all the street urchin athletes and rap stars that make a fortune and end up broke.

 

[Middleman]

They risked nothing but their credit rating, hardly worked at all and did almost all of that "work" sitting on their ass.

What fantasy world do you live in?

yea it's so easy. That's why your rich right?

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

I've actually known many upper-middle class and upper-class people in my life. Most of them work their asses off, are intelligent, and just as nice as poor folk. People born into wealth who squander in lives of dissipation will eventually become broke.

 

[uscitizen]

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

for every one that made it the hard way, aka New Money types. There are hundreds that made it the old fashioned way, they inherited it it. aka old money types.

But they maintain it. That's the difference. Look at all the street urchin athletes and rap stars that make a fortune and end up broke.

If the inherited wealth can make it past the first round of inheritances then it will likely continue. Many fail when the parton leader that led the family to wealth dies.

 

[asterism]

Wealthy people, often, are wiser with money. They know how to handle money, and so when real estate comes on the market for bargain rates, they can snap it up.

They didn't get rich by living off credit cards and buying crap they couldn't afford. They got rich by being intelligent, making long range plans and carrying out those plans. It was no accident that they got rich, but a result of hard work and lots of planning.

Lots of them got rich off of credit. why else would banks be to big to let fail?

You miss the point. Properly leveraging credit (at record low rates) is completely different than "living off credit cards and buying crap they couldn't afford." Get it?

you just described two sides of the same coin. Get it?

No. Please elaborate. If my investments are paying 10% and I can borrow at 7% then there is no reason to stop making 8% on existing investments to start another venture.

 

[asterism]

yea it's so easy. That's why your rich right?

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

Well Bill Gates certainly did.

How to Become As Rich As Bill Gates

 

[loosecannon]

No. Please elaborate.

credit is a two way street. One party lends and gets wealthy off the other party who borrows.

 

[California Girl]

Lots of them got rich off of credit. why else would banks be to big to let fail?

Nope, most of them didn't get rich off of credit. Credit is the resort of the foolhardy. The reason why the banks were 'too big to fail' was simply this..... Had we allowed the banks to fail, every single fucking American... and vast amounts of people around the world... would have lost everything. And, by everything... I mean literally EVERYTHING. We'd have had even more millions out of work, vast amounts of us would have lost our homes, cars, and the country would have collapsed. Shame of it is that morons who think life is like a movie - with a neat conclusion in 90 minutes. Newsflash: It isn't.

 

[asterism]

It isn't easy or hard. It is the difference between the privileged and the many.

Hard working people are almost always poor.

Yes Bill Gates, Warren Buffet, Michael Dell all started out priveledged.

for every one that made it the hard way, aka New Money types. There are hundreds that made it the old fashioned way, they inherited it it. aka old money types.

I'd like to see some substantiation for that.

1:100? My empirical observation has that ratio reversed.

 

[asterism]

for every one that made it the hard way, aka New Money types. There are hundreds that made it the old fashioned way, they inherited it it. aka old money types.

But they maintain it. That's the difference. Look at all the street urchin athletes and rap stars that make a fortune and end up broke.

If the inherited wealth can make it past the first round of inheritances then it will likely continue. Many fail when the parton leader that led the family to wealth dies.

I don't plan do be around to find out, but just to make sure I plan on making that impossible. My kids get the tools, that's it.