Topic: You work your butt off, and a rich dude does nothing and gets rich - how? - page 4. (Read 23837 times)
September 06, 2014, 05:28:04 PM
Every successfull aka rich businessman does this, he needs the poor to stay poor so he can pay shitty wages for max benefits, unfortunately.
September 06, 2014, 03:30:35 PM
What would you expect to happen otherwise?If no one would be rich then who you compensate you for your work?And if everybody's rich who would work?It's a circle which by anyone's effort isn't possible to turn Square 
September 06, 2014, 01:26:17 PM
Please provide your best explain. Mine is here: My explain (read before commenting or providing your explanation)
USA
Look at your money supply, USA. Wow! All those extra dollars, making Donald Trump feel justified in telling you how to live your life and to be like him.
Can debt rise faster than wages forever? Only Keynesian and Monetarist economists think so.
Europe
Don't laugh at our Americans friends, my European friends. Look at all these extra dollars the European banking system and the ECB has created:
This is why you had such a nice time leading up to the GFC. Now, your Governments realise it is crazy to let debt expand uncontrollably. Unfortunately, this is causing a lot of pain and misery for the 99%.
China
This is not a Western Economic issue. The big gap between rich and poor also exists in China. Look at this:
This is a rigged system to my eyes.
You can blame it on the history and time itself.Knowingly there is less normal people could do. USA
Look at your money supply, USA. Wow! All those extra dollars, making Donald Trump feel justified in telling you how to live your life and to be like him.
Can debt rise faster than wages forever? Only Keynesian and Monetarist economists think so.
Europe
Don't laugh at our Americans friends, my European friends. Look at all these extra dollars the European banking system and the ECB has created:
This is why you had such a nice time leading up to the GFC. Now, your Governments realise it is crazy to let debt expand uncontrollably. Unfortunately, this is causing a lot of pain and misery for the 99%.
China
This is not a Western Economic issue. The big gap between rich and poor also exists in China. Look at this:
This is a rigged system to my eyes.
September 06, 2014, 03:58:49 AM
Looking for profit opportunities is also working. Or somebody else is being paid for doing those decisions, then that person is working.
You don't magically create wealth, you have to be able to use productions factors to create something that customers are willing to buy for more than it costs you to produce.
Asset holders got wealthy over the past few years by simply doing nothing. The assets they held increased in value due to the policies of the fed reserve in printing money and lowering long term borrowing costs, and this had nothing to do with real work.
September 06, 2014, 03:43:44 AM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth.
Looking for profit opportunities is also working. Or somebody else is being paid for doing those decisions, then that person is working.
You don't magically create wealth, you have to be able to use productions factors to create something that customers are willing to buy for more than it costs you to produce.
September 06, 2014, 01:35:22 AM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth.
Wealth from inheritance usually do not last longer than 3 generations. Children from wealthy family are usually quite spoiled and feel entitled without working hard.
September 06, 2014, 01:34:15 AM
"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
We do not have a capitalism based economy, we have an economy that is based on credit. Creditism is overlaid on top of capitalism and distorts the allocation of resources within the economy. Credit money is being pumped into non productive assets such as property, which worsens wealth inequality and greatly reduces the productive capacity of the economy because very little money is being put into productive manufacturing type activities. Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
This means that banks dilute the money supply everytime they make loans to people. As they create money out of thin air, resources are diverted towards speculative activities. The problem is that credit growth cannot be sustained forever. There is an absolute limit which prevents further debt growth and the system collapses.
September 06, 2014, 01:17:47 AM
"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
We do not have a capitalism based economy, we have an economy that is based on credit. Creditism is overlaid on top of capitalism and distorts the allocation of resources within the economy. Credit money is being pumped into non productive assets such as property, which worsens wealth inequality and greatly reduces the productive capacity of the economy because very little money is being put into productive manufacturing type activities. Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
September 05, 2014, 10:44:57 PM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth.
Wealth from inheritance usually do not last longer than 3 generations. Children from wealthy family are usually quite spoiled and feel entitled without working hard.
September 05, 2014, 10:13:10 PM
"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
We do not have a capitalism based economy, we have an economy that is based on credit. Creditism is overlaid on top of capitalism and distorts the allocation of resources within the economy. Credit money is being pumped into non productive assets such as property, which worsens wealth inequality and greatly reduces the productive capacity of the economy because very little money is being put into productive manufacturing type activities. Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
September 05, 2014, 10:08:16 PM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth.
September 05, 2014, 11:21:33 AM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth.
September 05, 2014, 08:36:16 AM
Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
September 04, 2014, 10:33:35 PM
The currency itself is just a medium of exchange. Value lies in the goods & services
Value comes from the demand of the consumers as well as the perceived profit of holding it for future gain.
Btc is backed by investors and speculators alone, without this group, no merchant will take btc as payment.
Right, value is only decided by supply and demand combined together. If goods and services have no demand, their value will drop to zero too
The demand for bitcoin comes from 3 direction: Anti-inflation saving, instant international money transfer, and true financial privacy. As long as these 3 demand holds, there will be value for it
September 04, 2014, 10:16:05 PM
"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
This is only true if the capital exceed certain size and the manager know how to manage the money and labor.
Even if everything is done right, there are still risk which the money manager can not control.
September 04, 2014, 09:12:14 PM
"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work
September 04, 2014, 08:55:45 PM
The currency itself is just a medium of exchange. Value lies in the goods & services
Value comes from the demand of the consumers as well as the perceived profit of holding it for future gain.
Btc is backed by investors and speculators alone, without this group, no merchant will take btc as payment.
September 04, 2014, 07:33:39 PM
Fiat money is created ex nihilo but it isnt free. The Fed buys Treasuries to get money into circulation. USD is backed by liabilities of the Treasury. The Treasury pays off debts by collecting taxes. So USD is backed by future economic output of USA. Thats why USD should be more stable than a currency backed by computers solving puzzles
The currency itself is just a medium of exchange. Value lies in the goods & services
The currency itself is just a medium of exchange. Value lies in the goods & services
September 04, 2014, 06:17:09 PM
Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.
Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast? Where is all that money coming from?Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.
Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.
History shows that all FIAT money end up being worth zero.
Fiat money does generally lose value over time however this happens very slowly and there are ways people can protect themselves from these price declines.
Very slowly? It depends, look at the Argentinian Peso or the Venezuelan Bolivar. And historically there are dozens of examples of hyperinflation. http://en.wikipedia.org/wiki/Hyperinflation
September 04, 2014, 10:12:35 AM
Rich invented work, so they can keep being rich.
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