Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Any Human Being,
it seems the basic values of conservatives are more reptilian than human. Once it appeared it was simply greed which motivated the hoi polloi to the Republican Party in the 1980's; now it seems the character flaws run much deeper. Lacking empathy and withholding care from others is not only mean spirited, it is inhuman and that stands out as the most obvious flaw of the 21st Century (callous) conservatives.
It is the mastery of the super wealthy
To divert attention away from the obscene portion of wealth that they have taken, they point to the poorest Americans and scream....There is the reason you are suffering
The wealthy don't "take" wealth, they earn it like everybody else.
Tell us how trust-fund babies "earn" their wealth. (Excluding Paris Hilton; at least she got off her skinny butt long enough to make porn.)
I don't consider the entertainment industry as earning their wealth. They are doing what they love to do whether they get paid or not. But I never hear anybody from the left complain about what they make a year.
Most wealthy people are not trust fund babies. Most earn their wealth in business and investments.
There are trust-fund babies, then there's the other inherited-wealth sector. Eliminate those, and what percentage are, in your words, "earning their wealth in investments"?
Just sitting there waiting for your broker to let you know how much you've earned this quarter isn't "working" by any sane definition, but go for it. Give us some stats to go with your opinion.
Then we can talk about the self-made b/millionaires. But do yourself a favor and rule out the ones who need to file for bankruptcy every few years, mmkay?
Who are the "Rich"?
November 13, 2003
Many Americans do not know who the rich really are. According to David Hogberg of the Public Interest Institute, many equate being rich with lives represented on television shows like "Lifestyles of the Rich and Famous."
In their book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," professors Thomas Stanley and William Danko have tried to clear up these misconceptions. They found:
- Millionaires became millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way; for example, 60 percent have never spent more than $32,000 for a car.
- Much of the money they save goes to investing; the average millionaire household invests up to 20 percent of its income annually.
- Contrary to popular belief, most millionaires are not bankers, attorneys or corporate managers; most typically are locally-based professionals such as welding contractors, auctioneers, pest controllers and paving contractors.
- Eighty percent of millionaires are first-generation millionaires.
- Most millionaires do not spend their time out on the golf course or vacationing on the Riviera; nearly two-thirds work between 45 and 55 hours a week.
Sources: David Hogberg, "Who are the 'Rich'?" Public Interest Institute at Iowa Wesleyan College, September 2003, Public Interest Institute; based on Thomas Stanley and William Danko, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," Pocket Books, New York, 1996.
- See more at: Who are the "Rich"?