that's a lot of emotion for not being worth any emotion

where did i say that? if you're oh so smart, please, just quote a reply where i said, 'ge is a millionaire that contributes nothing to society'

I am rich with love.

I love you all.

You can't tax my wealth!

why do they keep talking about "millionaires."

talk about the banks who blew up the economy and who weren't punished, the lack of jobs, the foreclosures and the stranglehold mega-corporations have upon the government and media.

was reading an interview with the adbusters guys who started this and those were the issues.

also be aware that the media is distorting this to put it in the worst possible light as possible as they have to report on this as it gets too big to ignore.

the rich mostly got rich by outsmarting others, sometimes in a lying cheating fashion, sometimes in a completely tasteless manner sacrificing and ruining lives of many.
in a way this is life, on good or bad.
but when these rich are so mischievous and manipulative their reach go way into the executive arm of the government, the poor have no means to climb up, even for generations, then i can understand the poor mans thinking that desperate measures look appealing...

Millionaires (and Billionaires) are smarter, and by "smart" that doesn't have to mean their IQ. That could be their level of education, financial knowledge, and knowing what to do with their money and assets so they keep them. The rich generally know how to keep their money. The poor do not. And if you are poor and suddenly become rich, there is a good chance you will be poor again, because you lack the knowledge to know what to do with your money and assets.

Not a lot of people are just lucky enough to be born with that kind of money in their account or are trust fund babies. Everyone else has to work for it.


Sure, some people just have bad luck, but generally speaking, poor people are usually poor for a reason.

Bad decision after bad decision, a poor understanding of financial knowledge, and no idea how to make their money work for them. Usually will keep you poor or treading water.

You try to prevent yourself from ending up in the soup line by educating yourself, protecting your assets, understanding taxes, and understanding how the entire system/game works. People who understand all of this always end up making money again regardless of how many times they fall on their face.

But shit happens and you can't plan for everything, you can only plan for as much as you can and hope you don't have a stroke in the process, leaving you disabled and drooling on yourself. But even then, if you made all the right moves, you'd still be OK. It's learning what moves to make that separates a lot of the rich from the poor.

this isn't about "millionaires." that is just a media created red herring.

While all of that is true, there are levels of rich. I think Chris Rock was the one who said, there is rich and then there is WEALTH. The people you speak of, the real movers and shakers in the world, have wealth. Rich is open to interpretation, but none of us here are wealthy. However, you can bet that a few more years of this and a lot more of us will be heading towards being poor.

My own personal financial definition of "rich" would be not having to worry about money. Ever. You set yourself up right and money is now of no concern. Then you are financially rich.

Poor would be when you are stressing about where your next $100 is going to come from, or you are struggling to make ends meet, if you can make them meet at all.

Rich get rich by outsmarting others?

That's the biggest load of claptrap in history, written by someone that doesn't even understand the most basic economic theory, or how wealth is created.



.:Oh crap


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People should be in jail.

So they got rich by hard work and being lucky?

I agree to some extent, but not entirely.

Say a hundred people come up with a way to bang credit cards... who is going to run with it and become rich? probably not the smartest or the most knowledgeable, the guy most likely to run with it is the one who lacks empathy.

Wealth is often down to a character trait (sometimes lack of) or a skill.

The guy who knows what to do with the money he makes is going to end up in the best situation.

Anyone can make money, some obviously know how to make more than others, but it's what you do with it that matters.

You have no idea what "wealth" or "value" means, or that it is not a Zero Sum game, do you..... There is NOT a fixed amount of wealth in the world. If one person has more it does not mean that someone else has less, (unless they are a government, and can take it by force). It is created by the creation of new products, or services, or the improvement of current ones, in a way which has value to others.


Never mind. If you don't understand these basic concepts, then this will take WAY too long to explain to you.



Best of luck with your life though!!



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ehhh? SMARTER? yeah, in milking YOU! BILLIONS have been pumped into those SMARTass banks that hosed YOUR economy and yet not one cent more has been spend for education, childcare or anything SOCIAL ... sure, those bankers REALLY deserve all the green for what they have achieved - TAKING OVER YOUR FUCKING SYSTEM IS WHAT THEY DID! :2 cents:

99% FTW :thumbsup

One billion dollars isn't more "valuable" than one million dollars? Interesting, but okay.

I was questioning your "smart" comment. I believe that the average "wealthy" person is "smarter" than the average non-wealthy person. You disagree. I have to admit this is one of the first times I've ever heard a "pro-wealth" person argue that wealthy people are not smart.

You seem to often get into "debates," make a statement, get challenged on said statement, come back with a reply insinuating that the challenger is stupid and you don't have the time to explain what you meant in your initial vague statement. It's interesting, particularly when I typically agree with about 80% of what you say and then you turn around and insult me because I questioned your initial vague statement.

By the way, thanks for being concerned about my life. Every year gets a little better. :thumbsup

mansef got incredibly wealthy of user uploaded content, but with as much money as they have, they are not in the elite who really control this planet.

LOL Fair enough. Apparently we BOTH are misunderstanding each other. When you say "outsmart", it implies that they are doing something underhanded and "tricking" the next poor guy in order to gather their wealth.

Note:

outsmart  [out-smahrt]
Part of Speech: verb
Definition: outwit
Synonyms: baffle, bamboozle, beat*, bewilder, cap, cheat, circumvent, con, confuse, deceive, defeat, defraud, dupe*, end run, fake out, figure out*, finagle, fox, goose, gull, gyp, have, hoax, hoodwink, jip, juke, lead astray, mislead, outdo, outfox, outgeneral, outguess, outjockey, outmaneuver, outthink, overreach, swindle, take in, top, trick, worst


If you actually meant that they were smarter, then I totally misunderstood, and retract the snarkyness of my tone.


And in regarding your 1 billion dollars, having more value than 1 million, intrinsically, it does not. Currency is an established means where by we have agreed to MEASURE the wealth and value that we have created and gathered. It is not wealth or value in and of itself.


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I've never considered "outsmart" to mean something underhanded. Smart is just that. Smart. Outsmart means to act in a more clever way.

:2 cents:

Sure, but did you take note of the Thesaurus entry I put there for "outsmart"? I can't be blamed for thinking that way, can I?


.

it's not that hard to explain actually...

person A has an apple, person B has $1...
person B buys an apple from person A for a $1...

after that transaction, person A becomes financially wealthier by $1...
but in reality, both parties become "wealthier" in a sense that they both become better off...
after all, the transaction wouldn't have taken place if it didn't make both parties better off...
(person A values $1 more than an apple, while person B values an apple more than $1, so if they trade "wealth" gets created)


same logic follows when trying to understand how those evil billionaires got rich...

You can be blamed if English is your native language. There is a difference between an academic list of "possible correct uses" and "common usage"
;)

Those who got away with all of that, are smart fucking people. Smarter than you and I.

Almost... the difference is they never created an apple, never owned one, grew it, purchased it, or actually did anything related to it... however they did profit on the speculation that you will continue to buy apples, create a fake demand for them, make the cost go up locally but not globally, so now you have to spend more to get the same apple, while they make more money from the forced price increase due to larger transfers of money.

Oh very true... rich in this case is well past anyone in our Industry. For me it's those that are so wealthy that illegal / criminal activities don't touch them, that the money/power they have influences law and regulations, to benefit them... while taking our money to pay for the mistakes they made....

That's power, that's wealth... that's the real problem with this country!

who is "they" that you are referring to?

Who do you think they is?

Only one group of people, they, could be - it's not hard to figure out.

It's not actually THAT clear... you mean the financial industry?
You are right, they haven't created any physical product or sold it, etc...

but they create "wealth" in a similar way that for example a traffic broker in the online industry does...or google does... google hasn't created any content, all they did was hire some geeks to write some algorithms to make it accessible to the masses...

bottom line is, no matter what business or industry you are referring to, they all got rich because they sold a valuable product/service...

Some are in the financial industry... some are in other industries, however they is who is controlling everything. They are who took your tax dollars, got bailed out, took a bonus, told you to fuck off, stole 1/3 of the countries wealth, and got away with it fully, while lobbying the gov to relax the rules even more.....

They do not create wealth, they move it and profit on other peoples wealth.

Creation wise, they create new ways to manipulate the money flow for profit.

Google actually created something.

No, they got rich from criminal activities and manipulation... and I bet if they were poor, you would be screaming that they get held accountable for it, but being that aren't, it's just business, right?

This... The problem is not those who run/create businesses, but the billionaires created by systemic corruption and financial industries who's sole purpose is to squeeze money from the population by any means possible.

Note: Our capital markets should be preforming the function of connecting investors with productive businesses to invest in.

Right now, it's a bloody casino and everybody knows it. House always wins ;)

please explain to me how spending hours on gfy explain how the "elite" are fucking you over is going to change anything?

So many intelligent people on here just wasting time.

it's difficult to discuss how "they" are the problem, if we haven't even established who "they" are or what exactly you think they are doing that's criminal...

"They do not create wealth, they move it and profit on other peoples wealth.
Creation wise, they create new ways to manipulate the money flow for profit."

Can you provide some specific examples of what you mean?

Because the protest isn't until the 15th here?

And how does not telling others, explaining the situation, etc, not help change things?

Personally, I find a little balance is the key, post a little, work a little, protest a little... too much of one thing becomes boring rather quickly.

It's really that hard to talk about who 'they' are? We have to actually define them, show a list, so your brain can understand who 'they' are when 'they' have been in the news almost every day for the last 4 years? Along with criminal accusations, even politicians saying 'they' need to be held accountable, that the investigation it was total shit?

If you're not up on what's going on, I truly can't sit here and explain it to you on a forum, you're just going to have to look it up. It would take me about a week to verbally explain it to you, let alone type it out, and I would still miss 1000's of details.

AIG is a prime example of manipulation of money flow.

wrong answer.

Lehman's

Now you name one.

Put options. Put options. Put Options