When do you consider someone "wealthy" or "rich"?

Discussion in 'Business & Economics' started by Seattle, Aug 8, 2019.

  1. Seattle Valued Senior Member

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    You're right, articles like that are crap articles, so why even address them? No one would ever retire if you read the numbers "needed" for retirement. All those numbers are "nice to have" like it would be nice to live in "Leave it to Beaver" land but no one does.

    When you post figures showing that no one can afford to live in the major cities where everyone is living, there is a problem with the numbers.

    Saving, is a habit, like exercise. The amount is up for discussion but most everyone can save something if they want to. I've always lived below my means and heard others making more than I did talk about how they couldn't afford to do what I did or couldn't afford to save. As I said, it's largely a habit.
     
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  3. RainbowSingularity Valued Senior Member

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    ... and humans are their habits
    business operate from 2 different choices
    needs
    habits

    the habits market is vastly more than the needs market as far as "creating new busines" and changing income is concerned.
    when you normalize business as "needing" a 20% per annum return on investment then only measure that off the "habits" side of market swing, then your creating a false narrative.

    the false narrative builds lives, culture & political ideologies that all go to support excuses why the 20% per annum return and hyper inflationary normalcy is a compulsory feature of basic economic principals
    then this is touted as the only means to drive all the "needs" side of the society by taking control of its taxes and laws.

    living a life by swinging from one habit to another using the political term "liberal" to justify it as an intellectual justification is a false narrative

    false or not, if its making money it becomes ok
    then post culture people normalise its behaviors as acceptable and make excuses for why it was ok back then and now they have made their money, it becomes less morally acceptable.

    the degree of moral acceptability is usually made off the back of the most amount of consumer damage that is able to be put back against the businesses and political leadership.

    people complain about tax but they never protest to increase wages for emergency services front line employees.
     
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  5. Seattle Valued Senior Member

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    It's hard to address your nonsense but average corporate profit margins or ROI is about 10 percent, not 20.

    People complain about taxes and not about increasing someone else's wages because...it's someone else's wages. If it's their own, they complain.

    However complaining doesn't change anything and wages aren't set by how much someone complains. If they were, you'd be rich.
     
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  7. iceaura Valued Senior Member

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    The amount is of course the main issue.
    Anyone can set a little money aside temporarily, but only by luck can most people keep it - car accident, illness, injury, mishap etc. Knowing that in advance, clearly most people are not actually "saving", but preparing to pay a bill.

    For example: 70% of Americans diagnosed with cancer are bankrupt within two years. That includes people with health insurance, jobs, and house equity. They saved nothing. They set aside some money, temporarily, to pay a bill, is all.
     
  8. Seattle Valued Senior Member

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    5,083
    Healthcare is undoubtedly (other than undue corporate influence in politics) the or one of the major problems in America. No one can afford it because the costs are all out of proportion. It's gotten that way because it's all been hidden behind the insurance wall.

    Those who have "good" insurance coverage don't care but should. Those who don't have it can't afford it because it's simply not affordable. Everyone is paying way too large a percentage of their current income for this one thing.

    This is a bigger issue now than the sudden hike in gas prices back in the 70's due to the OPEC monopoly.

    This is something the government needs to step in and deal with. This isn't really a business issue. People can and do save however, in spite of the few on here who insist that it can't be done.

    Cancer is largely something that no one can afford and few survive for long anyway. Actually, other than emergency services and elderly care, most people don't need the medical system. Most people would largely have the same health if they stopped seeing a doctor after the childhood years and before the elderly years.

    I'm not suggesting anyone do this but to put it in perspective, we don't need to be devoting this much of our income for "healthcare". It cost more here than almost any other place in the world, much like our military (which spends more than the next 10 largest countries put together). We also lock up more people than any other country in the world.

    It's not like we don't have plenty of problems to address. Jobs, wages, savings...these just aren't the problems that many on here are making them out to be.

    Healthcare is a mess for similar reasons that unions are a mess and military spending is so inflated. It's a case of partially having a market economy (which is at least efficient) and then trying to control/plan/manage it. Wages are what they are. Unions try to just create a non-market based wage. It doesn't work for long. The healthcare industry is similar. The government funds much of it while trying to keep it market based and partially managed and there is no incentive to lower costs. The military contracting business is the same. There is no cut off on the money end and little actual competition on the other end. Politically, it's protected (and therefore wildly expensive and inefficient).
     
    Last edited: Aug 10, 2019
  9. RainbowSingularity Valued Senior Member

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    i guess thats your nonsense ...
     
  10. Seattle Valued Senior Member

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    If you are living in a basement and don't have a job, it's not accurately to project or extend that out to include everyone else. Someone is paying for your basement.
     
  11. paddoboy Valued Senior Member

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    If that is truly the case [and I have often heard it said if one gets seriously ill in the US, he generally needs to sell his house] then that is truly a blight on American society. A country that is unable for whatever reasons, implement national health care levies as per other prosperous countries, along of course with your non existent gun laws, probably says a lot about capitalism taken to the extreme. Sad, very sad.
     
  12. RainbowSingularity Valued Senior Member

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    that reads like you are mocking those who have jobs and live in their cars

    when you decide the world is a coin toss, you validate both sides of the coin

    thats a bit hunger games of you
     
  13. Seattle Valued Senior Member

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    No, I'm just mocking you for all of your complaints when it appears that you would be complaining under any system.
     
  14. Jeeves Valued Senior Member

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    You mistake condemnation for complaint. Marie Antoinette made that mistake.
     
  15. Seattle Valued Senior Member

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    OK, Rainbow would be condemning under any system.
     
  16. Jeeves Valued Senior Member

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    It seems to me that there are at least four of us condemning your system - and incidentally disparaging your apologetics.
     
  17. billvon Valued Senior Member

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    Wanting to fix what's wrong with a system is pretty important IMO. Even if you get attacked for it.
     
  18. Seattle Valued Senior Member

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    However, I was replying to Rainbow but if you like "there are at least four of you here that would be condemning under any system".
     
  19. Seattle Valued Senior Member

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    What's even more important is having a cogent argument rather than just being in disagreement with everything and with no plan for a better system in any regard that you attack.
     
  20. billvon Valued Senior Member

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    Uh - OK. You just posted a big complaint that included things like "We also lock up more people than any other country in the world" without any plan for a better system. Is that different?
     
  21. Seattle Valued Senior Member

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    Yes, for starters, it's factual.
     
  22. billvon Valued Senior Member

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    Ah, so if you complain and it's factual then all is well. Fair enough. Other people may do that as well.
     
  23. Seattle Valued Senior Member

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    Other people do. What are Rainbow's policies and what do you agree with? Can we even be sure what he is saying?
     

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