If you don't have enough money, it is your fault

[ElmerMudd]

The rich are the reason great poverty exists in this world:

https://www.panmurehouse.org/adam-smith/smith-quotes-faqs/#:~:text='Wherever%20there%20is%20great%20property,the%20indigence%20of%20the%20many.

‘"Wherever there is great property there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.’    

"Wealth of Nations, V:I.b, p.709-710"

There are many inequities in our world today. The widening gap between the rich and the poor is one of those.
That issue will not be solved by blaming everything on illegals and the deep state.

And we all can do better with effort and accountability rather than blaming all problems on someone else.

 

[georgephillip]

There are many inequities in our world today. The widening gap between the rich and the poor is one of those.
That issue will not be solved by blaming everything on illegals and the deep state.

And we all can do better with effort and accountability rather than blaming all problems on someone else.

Perhaps it's also time to blame the Darwinian approach, echoed by mainstream economics (capitalism), which claims "humans are inherently selfish, greedy, and competitive?"

The generation of the first economic surplus, grain from ancient Mesopotamia, may have generated an initial oligarchic mafia committed to propagating a society "...with ultimate power in the hands of a tiny minority of the population--the most ruthless and ambitious,"

Then came silver coins:

Ancient settlements show that commoning is ‘natural’ for humans, not selfishness and competition | MR Online

"...Greek rulers minted coins with their heads on, and paid conscripted soldiers with them.

"Local people were told that they had to pay their taxes in those coins, and that the way to get them was to provide whatever it was that their soldiers needed—food, weapons, clothes, armour, horses, prostitutes, alcohol etc. (or direct services to the rulers, like building their ships and castles) in return for the coins.

"Armies were then able to conquer more lands and send newly-captured slaved down mines to get the silver for the coins, and so on."

"Again, it was control of the means of exchange that was important in maintaining power."

 

[ElmerMudd]

Perhaps it's also time to blame the Darwinian approach, echoed by mainstream economics (capitalism), which claims "humans are inherently selfish, greedy, and competitive?"

The generation of the first economic surplus, grain from ancient Mesopotamia, may have generated an initial oligarchic mafia committed to propagating a society "...with ultimate power in the hands of a tiny minority of the population--the most ruthless and ambitious,"

Then came silver coins:

Ancient settlements show that commoning is ‘natural’ for humans, not selfishness and competition | MR Online

"...Greek rulers minted coins with their heads on, and paid conscripted soldiers with them.

"Local people were told that they had to pay their taxes in those coins, and that the way to get them was to provide whatever it was that their soldiers needed—food, weapons, clothes, armour, horses, prostitutes, alcohol etc. (or direct services to the rulers, like building their ships and castles) in return for the coins.

"Armies were then able to conquer more lands and send newly-captured slaved down mines to get the silver for the coins, and so on."

"Again, it was control of the means of exchange that was important in maintaining power."

I will not argue with all of that.

 

[pknopp]

It's possible to save without being rich.

Just think how hard it would be if we would have got Trump's negative interest rates.

 

[pknopp]

I love when millionaires tell me I don't have enough money. It's so funny. At least I don't stand in front of crowds of people and give bad investment advice.

Suze Orman Sued For Fraud

Family claims it was misled about insurance policy sold by the famous advisor's firm.

www.forbes.com

And yet liberals hate Trump because he's wealthy.

Double standard much?

I don't hate Trump because he is rich. Him being rich doesn't affect me at all.

I dislike him over his childish name calling. Lying about his accomplishments, scamming others out of their hard earned money, disrespect of women, etc.

 

[Captain Caveman]

If you don't have enough money, it is your fault

Suze Orman Says 'If You're Struggling Financially, It's Your Fault'​

Quit blaming the government. That is not conservative values. MAGA are not conservatives. They are a group of whiners who expect Donald Trump will take care of all their problems.

Suze Orman Says 'If You're Struggling Financially, It's Your Fault' – Try These 3 Tips To Hit Your Money Goals

Suze Orman, the famous personal finance guru, got people talking recently when she made a bold statement at one of her hugely popular finance seminars. “If you don’t have the money that you want in your life, you are the reason why,” Orman told her audience. The tough-love approach is typical of...

finance.yahoo.com

You reap what you sow.

 

[DStar777]

Just think how hard it would be if we would have got Trump's negative interest rates.

When I think of saving, I think of spending less than you make and saving the surplus. That's not about interest rates. If you have in mind to invest the surplus, You don't use a savings acct to do that.

 

[pknopp]

When I think of saving, I think of spending less than you make and saving the surplus. That's not about interest rates. If you have in mind to invest the surplus, You don't use a savings acct to do that.

Dodge all you want. Negative interest rates would chip away at those savings no matter how you want to spin it.

It's really not up to you how one saves it. Many do not trust (rightly so) the markets.

 

[expat_panama]

The rich are the reason great poverty exists in this world:

There are many inequities in our world today. The widening gap between the rich and the poor is one of those.

Lots of folks say that and don't do much about it. At the same time there are folks who move from areas w/o rich people and move into area where there are rich people. It's a lot easier to get rich if you hang around and do business w/ rich people. The poor people have no money to buy things from you.

So what we got is that there are some who say the rich make others poor, and others in the real world who know better.

 

[DigitalDrifter]

If you are not happy with your own financial situation, it is your own fault.

 

[georgephillip]

So what we got is that there are some who say the rich make others poor, and others in the real world who know better.

How do those "others" justify almost two-thirds of all new wealth going to the top 1% since 2020?

Top 5 ways billionaires are bad for the economy

"The richest people in the world make six times more than the bottom 90% of humanity.

"Collectively, that’s $2.7 billion a day.

"Our report shows that extreme wealth gaps undermine the fight against poverty, gender inequality, and climate change.

"The U.N. set a goal to end poverty by 2030, but this increasing concentration of wealth means that efforts to reduce poverty have slowed down.

"This is the first time in decades that global inequality has risen.

"In response, the World Bank determined in 2022 that we are unlikely to meet the U.N.’s goal."

 

[ElmerMudd]

Lots of folks say that and don't do much about it. At the same time there are folks who move from areas w/o rich people and move into area where there are rich people. It's a lot easier to get rich if you hang around and do business w/ rich people. The poor people have no money to buy things from you.

So what we got is that there are some who say the rich make others poor, and others in the real world who know better.

The way to get richer is to have money or have a skill that will provide a good living.
The biggest money is made using the money you have to invest.
I have a good career that has paid well but the largest amount of my net worth is from taking the money I made and investing it.

 

[WEATHER53]

Providing for your needs is a premiere American ethic

 

[Concerned American]

"Our report shows that extreme wealth gaps undermine the fight against poverty, gender inequality, and climate change.

Ask Soros, Gates, Zuckerberg, Bezos, Buffett etc. All those good democrats that aren't paying their fair share but always get left out of the discussion when democrats are pointing fingers. Hmm. I think you can join the ranks of the hypocrites. It is clear you're a democrat.

 

[georgephillip]

Ask Soros, Gates, Zuckerberg, Bezos, Buffett etc. All those good democrats that aren't paying their fair share but always get left out of the discussion when democrats are pointing fingers. Hmm. I think you can join the ranks of the hypocrites. It is clear you're a democrat.

I haven't voted for a Democrat or Republican in the last thirty years. A small minority of rich parasites have controlled every government for the last two thousand years.

This hasn't been a partisan issue in the US since 1837:

"'The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.'"​

― Franklin D. Roosevelt"

A quote by Franklin D. Roosevelt

 

[Concerned American]

I haven't voted for a Democrat or Republican in the last thirty years. A small minority of rich parasites have controlled every government for the last two thousand years.

This hasn't been a partisan issue in the US since 1837:

"'The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.'"​

― Franklin D. Roosevelt"

A quote by Franklin D. Roosevelt

The rich and well placed have been in the position of power since the beginning of time, LOL. You're a bit selective don't you think? 1837---LOL, how did you come up with that magic number? All of the whining in the world isn't going to change the fact that the rich are in power. Get used to it.

 

[expat_panama]

How do those "others" justify almost two-thirds of all new wealth going to the top 1% since 2020?...

Let's think about this.

Are you aware that in the entire world there's only one doctor for over 600 people? We've got just the smartest 0.2% w/ all of the worlds healthcare info. How do you explain that? Same could be said for the way only a tiny fraction of a percent writes the music that the rest of the world listens to. Same for teachers, lawyers, engineers... Let's understand that the world is very diverse and we got a lot of people doing a lot of different things.

Not everyone needs or wants of make huge sums of money. Most folks (like your truly) just want "enough" money. OK so let's also keep in mind that while there are a lot of folk who say they really want to be rich and they can't, there are also a lot of folks who flunk out of med school, a lot of homeless in L.A. who want to be movie stars, a lot of soldiers who never make it to being a general, etc.

It's still a good world.

 

[justoffal]

Have you seen the average land-whale EBT recipient?

Fattest "poor" people in the world.

Big Agra, big pharma....corn syrup.

 

[expat_panama]

The way to get richer is to have money or have a skill that will provide a good living.
The biggest money is made using the money you have to invest.
I have a good career that has paid well but the largest amount of my net worth is from taking the money I made and investing it.

That's one take. Here's another:​

​

Billionaires' wealth is concentrated in company stock, and their companies' value lies mostly in ideas and processes, not cash and physical property. The economy depends on some people having more than they need to consume, as their investments of capital fund business operations and private lending.May 13, 2024​

The Wealth of Billionaires: Where It Came From, Where It ...​

​

The Heritage Foundation​

https://www.heritage.org/.../the-wealth-billionaires-where...​

​

​

 

[ThisIsMe]

If you don't have enough money, it is your fault

Suze Orman Says 'If You're Struggling Financially, It's Your Fault'​

Quit blaming the government. That is not conservative values. MAGA are not conservatives. They are a group of whiners who expect Donald Trump will take care of all their problems.

Suze Orman Says 'If You're Struggling Financially, It's Your Fault' – Try These 3 Tips To Hit Your Money Goals

Suze Orman, the famous personal finance guru, got people talking recently when she made a bold statement at one of her hugely popular finance seminars. “If you don’t have the money that you want in your life, you are the reason why,” Orman told her audience. The tough-love approach is typical of...

finance.yahoo.com

Context:

Orman further explained, “You’re either thinking you don’t deserve it, you’re saying you’re never going to get out of debt, or you are taking action and giving all your money or anything that you do to somebody else because you don’t think you are worthy.” She clarified that people’s money problems arise from their mindsets and actions.

Of course, this view is not entirely free of controversy but is rooted in the idea that changing how you think and act about money can change your financial situation. Here are three concrete tips inspired by Orman’s advice that could guide anybody toward better financial health.

It sounds as if she was just talking about changing your mindset around money and life. I don’t think she was blaming poor people for being poor..