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You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
As usual, Warren Buffett has put his finger on the fact that the distribution of wealth in America, more often than not, excludes those who have made the greatest contributions to society...... Ive worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fates distribution of long straws is wildly capricious.
- Warren Buffett, (Buffett Says Capricious Economy Requires Charity (Update1) by Hugh Son, Bloomberg, June 16, 2010 16:17 EDT)
Warren Buffett - Wikipedia, the free encyclopedia
The 2008 recession was largely caused by the unchecked "greed" of the wealthy who abused their position of trust. Unfortunately, it appears that we haven't learned our lesson!
How people make their money is important. Extravagantly rewarding people for doing things that are counterproductive is not only an injustice, in the long run it's economically destructive.
How people make their money is important. Extravagantly rewarding people for doing things that are counterproductive is not only an injustice, in the long run it's economically destructive.
Most of my income comes from how I have invested my money over the years. Currently, 80% of my income is unearned. If people like you get pissed off because you can't do the same, the solution is simple. Work your socks off, make the right investments and quit your fucking moaning! Nothing in life is free! The sooner you learn that lesson, the better off you'll become!
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
They ARE producing, non-thinker.
They produce investment capital.
Without investment capital, many businesses would not be able to open or expand and jobs wouldn't be created.
Think before you post.
According to the IRS, the answer is mostly not.
Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.
In other words, the kind of income you get without having to wake up in the morning.
Which raises the question: if the rich are consuming without working, who is doing their work for them?
Link
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
You don't get it.
No one collects interest, dividends or capital gains without first having produced the wealth the pays those sums. If they didn't produce the wealth, then the person who gave it to them did. In no case did they hold someone up at gunpoint and take the wealth. That's what government parasites do.
Parasites are people who suck off of people who produce something.
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
You don't get it.
No one collects interest, dividends or capital gains without first having produced the wealth the pays those sums. If they didn't produce the wealth, then the person who gave it to them did. In no case did they hold someone up at gunpoint and take the wealth. That's what government parasites do.
Parasites are people who suck off of people who produce something.
Again, you need to be careful about how you interpret the phrase "make money."
Rich people don't literally make money. Whatever money they have is money they got from someone else. There isn't more money just because some people have accumulated a disproportionate share.
You also don't seem to understand that it is because of the government that the rich have their wealth.
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
They ARE producing, non-thinker.
They produce investment capital.
Without investment capital, many businesses would not be able to open or expand and jobs wouldn't be created.
Think before you post.
If by "investment capital," you mean money, rich people don't produce money, they accumulate it. Money would exist whether rich people existed or not.
Suppose a rich person dies. Does his money die with him?
You don't need rich people to have money, any more than you need one person to have all the apples in order to have apples.
According to the IRS, the answer is mostly not.
Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.
In other words, the kind of income you get without having to wake up in the morning.
Which raises the question: if the rich are consuming without working, who is doing their work for them?
Link
So, If you ever make it big, and become rich. Anything you make off Interest and Investing is "not earned" according to Liberals. Forget about the fact that in order to earn money off investing you have to RISK MONEY. So you want the rich to invest. If they do well you want to call it unearned and tax the shit out of it. If they lose their ass you want them to lose their ass on their own. What the fuck are they teaching you idiots in school these days.
LOL
Most of my income comes from how I have invested my money over the years. Currently, 80% of my income is unearned. If people like you get pissed off because you can't do the same, the solution is simple. Work your socks off, make the right investments and quit your fucking moaning! Nothing in life is free! The sooner you learn that lesson, the better off you'll become!
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
They ARE producing, non-thinker.
They produce investment capital.
Without investment capital, many businesses would not be able to open or expand and jobs wouldn't be created.
Think before you post.
Do the parasites earn their income?
They ARE producing, non-thinker.
They produce investment capital.
Without investment capital, many businesses would not be able to open or expand and jobs wouldn't be created.
Think before you post.
If by "investment capital," you mean money, rich people don't produce money, they accumulate it. Money would exist whether rich people existed or not.
Suppose a rich person dies. Does his money die with him?
You don't need rich people to have money, any more than you need one person to have all the apples in order to have apples.
The wealthy are people who have accumulated enough money to feel secure with the possibility of losing a portion by investing it in new business or a business expansion.
Risk capital, venture capital, investment capital, whatever you want to call it...I can't risk it, and neither can you...but the wealthy can...because they have a secure cushion to fall back on.
Without that capitol, the economy grinds to a halt.
Is that so hard to comprehend?
If by "investment capital," you mean money, rich people don't produce money, they accumulate it. Money would exist whether rich people existed or not.
Suppose a rich person dies. Does his money die with him?
You don't need rich people to have money, any more than you need one person to have all the apples in order to have apples.
The wealthy are people who have accumulated enough money to feel secure with the possibility of losing a portion by investing it in new business or a business expansion.
Risk capital, venture capital, investment capital, whatever you want to call it...I can't risk it, and neither can you...but the wealthy can...because they have a secure cushion to fall back on.
Without that capitol, the economy grinds to a halt.
Is that so hard to comprehend?
Oh really?
When was the last time any rich guy took the type of risk you are describing?
Because for the most part..they never do.
What they do is risk other people's money.
Mainly yours and mine.
They ARE producing, non-thinker.
They produce investment capital.
Without investment capital, many businesses would not be able to open or expand and jobs wouldn't be created.
Think before you post.
If by "investment capital," you mean money, rich people don't produce money, they accumulate it. Money would exist whether rich people existed or not.
Suppose a rich person dies. Does his money die with him?
You don't need rich people to have money, any more than you need one person to have all the apples in order to have apples.
The wealthy are people who have accumulated enough money to feel secure with the possibility of losing a portion by investing it in new business or a business expansion.
Risk capital, venture capital, investment capital, whatever you want to call it...I can't risk it, and neither can you...but the wealthy can...because they have a secure cushion to fall back on.
Without that capitol, the economy grinds to a halt.
Is that so hard to comprehend?
According to the IRS, the answer is mostly not.
Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.
In other words, the kind of income you get without having to wake up in the morning.
Which raises the question: if the rich are consuming without working, who is doing their work for them?
Link
Most of my income comes from how I have invested my money over the years. Currently, 80% of my income is unearned. If people like you get pissed off because you can't do the same, the solution is simple. Work your socks off, make the right investments and quit your fucking moaning! Nothing in life is free! The sooner you learn that lesson, the better off you'll become!
You don't get it. Suppose everyone lived off unearned income. Who would do the work?
There's no free lunch. If you're consuming without producing what does that make you?
Some did. It's why we have financial collapse. They buy politicians to deregulate or change laws.
Nope and obviously neither is congress.
According to the IRS, the answer is mostly not.
Of the richest of the rich only 6.5% of income was from working, as of 2007. The rest came from things like interest, dividends, and capital gains.
In other words, the kind of income you get without having to wake up in the morning.
Which raises the question: if the rich are consuming without working, who is doing their work for them?
Link
Do welfare recipients earn their check/perks?
