[Discussion] What is your opinion about the gap between the 1%?

[roark]

Well it won't be the states regulating them but The State. Because we've seen very recently how terrible the individual states deal with energy, prisons, education, and the police. These need to be fully regulated so the benefits go entirely toward the people and those who work in that area, not to those who own the industries. I know there won't be any precious competition, as if there needs to be competition in energy, police, and prisons, because as we've seen countless times recently, there isn't much competition anymore. It's simply maximizing profits to those who own it.

i think the problem is not that bro. Beautiful words, but the problem is not lack of regulamentation. And rather the way the system operates. Even if the state has full power to regulate the health system, for example, how would it be done? And anyway, what is The State?

I think people need to understand the concept of what they claim. The method that you use to understand the process of things and the contradiction of a system is essential to know if replace x for y will make some difference. The fact that a sector is controled by the state, does not mean it will work.

 

[slimreaper]

1. No you won't. And when did I say any class was consistent? Way to put words into my mouth.

2. What? That made absolutely no sense. If you own a huge percentage of stock of something like facebook or miscrosoft, you'll get paid interest which will amount to millions. Then you can sell your stock at a higher price if you ever decide to. You'll be earning money for the rest of your life without doing anything.

3. Do you know how stupid your comment is? Just reread it and try to grasp how ironic it is to your original point? You're basically omitting realistic factors in people's lives to justify your point which is wholly in itself absurd. Even with those factors out, there are still people who remain poor after going to college and working hard.

"after going to college and working hard" Find me one example of a poor person who has gone to college, worked hard, and isn't in their early 20's. BTw the poverty line is 11,000 for one person.


As for suggesting I won't be in the top 20%... i'm 23 and i currently make roughly 47,000$ a year plus or minus some bumps in overtime i'm not counting. Top be in the top 20% of households, my partner and I need to make a combined 92,000$ a year. Did I mention I'm 23? IE. still growing in pay.

I guarantee I'm in the top 20 percent by the time I'm 40

 

[Lightbringer]

"after going to college and working hard" Find me one example of a poor person who has gone to college, worked hard, and isn't in their early 20's. BTw the poverty line is 11,000 for one person.


As for suggesting I won't be in the top 20%... i'm 23 and i currently make roughly 47,000$ a year plus or minus some bumps in overtime i'm not counting. Top be in the top 20% of households, my partner and I need to make a combined 92,000$ a year. Did I mention I'm 23? IE. still growing in pay.

I guarantee I'm in the top 20 percent by the time I'm 40

Plenty of people who are in debt and can't find a decent paying job after college. Or people who were laid off from cut backs and can't find a job afterwards due to a poor economy. You can easily google it yourself.

I don't believe you. Simple as that. I doubt you even hit 20k a year if you have a job at all.

Ok when you're 40 send me a copy of your paycheck.

 

[slimreaper]

Plenty of people who are in debt and can't find a decent paying job after college. Or people who were laid off from cut backs and can't find a job afterwards due to a poor economy. You can easily google it yourself.

I don't believe you. Simple as that. I doubt you even hit 20k a year if you have a job at all.

Ok when you're 40 send me a copy of your paycheck.

Can't find a decent paying job after college? That sounds really young to me(Poor and young go together,we've been over this)

Losing a job sucks but that means they were at some point well off and lost it. You are looking at people's momentary positions and acting as if they are stuck there for life.

You don't have to believe me, I just got off work at 7 am and have been there since 7 last night.


On my schedule i'd still be making 27'000 a year(plus a few 60 and 72 hour weeks which would have probably put me above 30k ) if I made only 10$ an hour. I was making that when I had just turned 18.


If I worked 60 hours every week Id make 61k a year, but **** that

 

[Lightbringer]

Can't find a decent paying job after college? That sounds really young to me(Poor and young go together,we've been over this)

Losing a job sucks but that means they were at some point well off and lost it. You are looking at people's momentary positions and acting as if they are stuck there for life.

You don't have to believe me, I just got off work at 7 am and have been there since 7 last night.


On my schedule i'd still be making 27'000 a year(plus a few 60 and 72 hour weeks) if I made only 10$ an hour. I was making that when I had just turned 18

10$ an hour is pretty shitty pay dude. Unless you're working more than 40 hours a week, you're not going to be making 27k a year.

Go back to school. Your math is waaaay off.

 

[slimreaper]

10$ an hour is pretty shitty pay dude. Unless you're working more than 40 hours a week, you're not going to be making 27k a year.

Go back to school. Your math is waaaay off.

10 dollars an hour times 40 hours a week is 400$, 15 dollars an hour times 8 hours a week is 120$


520 times 52 is 27,040$ a year

 

[Lightbringer]

10 dollars an hour times 40 hours a week is 400$, 15 dollars an hour times 8 hours a week is 120$


520 times 52 is 27,040$ a year

Where did the 15 dollars and the 8 hours come from? That makes no sense.

 

[slimreaper]

Where did the 15 dollars and the 8 hours come from? That makes no sense.

well dumbass if you work 12 hour shifts(as most real workers do) and you work 4 days a week(the minimum anyone where I work works) that comes to 48 hours. 8 of those hours are paid at time and a half. so 15 times 8 every week

 

[Lightbringer]

well dumbass if you work 12 hour shifts(as most real workers do) and you work 4 days a week(the minimum anyone where I work works) that comes to 48 hours. 8 of those hours are paid at time and a half. so 15 times 8 every week

Um no. I can tell you're making shit up because no low income establishment that I'm aware of would increase your salary by 5 dollars for working extra hours. At most it'd be a dollar, usually it's just a few cents more. 5$ though? Yeah right.

You also left out the fact that much of what you make would be taxed. Doing basic math isn't going to net you 27k a year.

Even still, you're telling me you're simply working extra hours on a pay rate that most people your age make. That's not something to be bragging about.

If anything, I feel sorry for you because it sounds like you live a pretty frugal life. Hell I made 22k on a 35 hour week when I used to work for Target. So you're not a special bird in any sense.

 

[slimreaper]

Um no. I can tell you're making shit up because no low income establishment that I'm aware of would increase your salary by 5 dollars for working extra hours. At most it'd be a dollar, usually it's just a few cents more. 5$ though? Yeah right.

You also left out the fact that much of what you make would be taxed. Doing basic math isn't going to net you 27k a year.

Even still, you're telling me you're simply working extra hours on a pay rate that most people your age make. That's not something to be bragging about.

If anything, I feel sorry for you because it sounds like you live a pretty frugal life. Hell I made 22k on a 35 hour week when I used to work for Target. So you're not a special bird in any sense.

It's federal law that any hours over 40 you work in a week must be paid at time and a half(what you make per hour plus half of what you'd make) according to the fair labor standards act

IF you work overtime on a federal holiday you get double time and a half

calculating tax is too difficult as it changes to often to do accurately and I'd need to look at a pay stub from when I was 18.

this was my starting pay for my first ever job. Very rarely do people make that much starting out. My brother worked at a restaurant for 4.25 plus 1.5% of all server income on his first job(and you had to divide that 1.5% between 3-4 people)

 

[Lightbringer]

It's federal law that any hours over 40 you work in a week must be paid at time and a half(what you make per hour plus half of what you'd make) according to the fair labor standards act

IF you work overtime on a federal holiday you get double time and a half

calculating tax is too difficult as it changes to often do do accurately and I'd need to look at a pay stub from when I was 18.

this was my starting pay for my first ever job. Very rarely do people make that much starting out. My brother worked at a restaurant for 4.25 plus 1.5% of all server income on his first job(and you had to divide that 1.5% between 3-4 people)

Whatever you say Slim.

Keep living the American Dream. You're practically 1% already.

 

[slimreaper]

Whatever you say Slim.

Keep living the American Dream. You're practically 1% already.

Keep striving for mediocrity. You're hero has never even passed a bill as a lifetime politician

 

[Lightbringer]

Keep striving for mediocrity. You're hero has never even passed a bill as a lifetime politician

How exactly am I striving for mediocrity when you're the one bragging about a 10$ pay rate? I make 42k a year on a salary wage and I'm 23.

Lol so when you lose an argument, you just attack Bernie Sanders?

Also, he sponsored a bunch of bills that got passed. Maybe you should do a little fact checking.

 

[slimreaper]

How exactly am I striving for mediocrity when you're the one bragging about a 10$ pay rate? I make 42k a year on a salary wage and I'm 23.

Lol so when you lose an argument, you just attack Bernie Sanders?

Also, he sponsored a bunch of bills that got passed. Maybe you should do a little fact checking.

Socialism is mediocrity for all
Bragging about a ten dollar pay rate? I don't make ten dollars... I made that when I was 18.


Salary... good for you, no matter how many hours you work you'll never make more than 42k. Salaries are moronic they allow the boss man to use you without compensation because you agreed to a flat rate before hand. It's funny you picked a flat 20$ figure.

Lose an argument? I lost an argument? Weren't you the one who didn't know what time and a half is?

Sponsored and creating are two different things. What bill has bernie created that got passed?

 

[Claymantan]

"after going to college and working hard" Find me one example of a poor person who has gone to college, worked hard, and isn't in their early 20's. BTw the poverty line is 11,000 for one person.


As for suggesting I won't be in the top 20%... i'm 23 and i currently make roughly 47,000$ a year plus or minus some bumps in overtime i'm not counting. Top be in the top 20% of households, my partner and I need to make a combined 92,000$ a year. Did I mention I'm 23? IE. still growing in pay.

I guarantee I'm in the top 20 percent by the time I'm 40

The story Slim's telling is legit, insofar as this is achievable. This is basically what my household income is between my parents and it's the same story, parents have no college education either.

However, it took a total of 110+ hours between my parents to achieve a combined income beyond $92k.

 

[Edogawa]

The gap doesn't matter. One has to ask himself/herself: Why are the 1% so rich and 99% are not? The 99% made the 1% rich by buying their products or services. The 1% didn't become rich by magic or corruption. I am inspired by the 1% and working on to become just like them.

 

[roark]

The gap doesn't matter. One has to ask himself/herself: Why are the 1% so rich and 99% are not? The 99% made the 1% rich by buying their products or services. The 1% didn't become rich by magic or corruption. I am inspired by the 1% and working on to become just like them.

you are right on the thought process.
Also because some people think that getting rich is the same as consuming products which is not true. My father buys a new car every five months, he think that's normal. And I see people saving money for years to buy a car, and spend two more years paying the debts of that car. And they think they are rich yet. That's ridiculous. The worst is that are other dumbass that believe that and suck their ass.

And what will you do to be part of 1%? lol

 

[Edogawa]

you are right on the thought process.
Also because some people think that getting rich is the same as consuming products which is not true. My father buys a new car every five months, he think that's normal. And I see people saving money for years to buy a car, and spend two more years paying the debts of that car. And they think they are rich yet. That's ridiculous. The worst is that are other dumbass that believe that and suck their ass.

And what will you do to be part of 1%? lol

You become rich by supplying the demand people will buy, be that a product or service. Now what your father does is what is interoperated in economic terms as a want. Does he need to buy a car or does he want to buy a car every 5 months? Maybe he buys a car and sells for profit purposes. I don't know and I don't care.

I actually have higher chances of achieving than most people in the world. Firstly, I'm not American but let's talk this in US terms. Secondly, to be at the 1%, your minimum income must be $450,000. You can that achieve income by working as a surgeon or corporate senior manager. But there is another way? It's called investment. I study Finance and Accounting to understand the science of wealth, and you generate that through investment. I invest in stocks online in the London Stock Exchange, and I also hope to start a business after finishing my Bachelor degree. In the years to come, with strategic planning and help of God, I'll be financially successful. Wish me lucks!

 

[roark]

You become rich by supplying the demand people will buy, be that a product or service. Now what your father does is what is interoperated in economic terms as a want. Does he need to buy a car or does he want to buy a car every 5 months? Maybe he buys a car and sells for profit purposes. I don't know and I don't care.

I actually have higher chances of achieving than most people in the world. Firstly, I'm not American but let's talk this in US terms. Secondly, to be at the 1%, your minimum income must be $450,000. You can that achieve income by working as a surgeon or corporate senior manager. But there is another way? It's called investment. I study Finance and Accounting to understand the science of wealth, and you generate that through investment. I invest in stocks online in the London Stock Exchange, and I also hope to start a business after finishing my Bachelor degree. In the years to come, with strategic planning and help of God, I'll be financially successful. Wish me lucks!

No, he don't buy cars to sell, he buy it because he's dumb, retarded, love cars, i don't understand people who do that, but whatever... I was giving a example of what represent to be multi millionaire. People like certain mindset, they think, for example, that being rich is the same as buy things by credit, when actually, $450.000 is spent easily without need to work at all.

Maybe for you 450,00 for month is too much, but for the ones who is already on the business generically don't mean too much. If what is produced is consumed, mostly, by the rich, how it is demand? Gaining 450,000 will make you more richer than you are, nothing wrong with it. I'm not despising or saying that people should not try to get a better life, if that's good for you. Everybody should seek it. But you'll not be the great elite, just will have a better life than before.

But the 1% don't get rich producing what people demand, if by that you mean products on the mail or immediate needs. You are wrong. This doesn't mean that it's impossible to achieve a big amount of money on it, of course.

Oh, and also, good luck, i hope everything go right and you succeds in your business!!

 

[Edogawa]

No, he don't buy cars to sell, he buy it because he's dumb, retarded, love cars, i don't understand people who do that, but whatever... I was giving a example of what represent to be multi millionaire. People like certain mindset, they think, for example, that being rich is the same as buy things by credit, when actually, $450.000 is spent easily without need to work at all.

Maybe for you 450,00 for month is too much, but for the ones who is already on the business generically don't mean too much. If what is produced is consumed, mostly, by the rich, how it is demand? Gaining 450,000 will make you more richer than you are, nothing wrong with it. I'm not despising or saying that people should not try to get a better life, if that's good for you. Everybody should seek it. But you'll not be the great elite, just will have a better life than before.

But the 1% don't get rich producing what people demand, if by that you mean products on the mail or immediate needs. You are wrong. This doesn't mean that it's impossible to achieve a big amount of money on it, of course.

Oh, and also, good luck, i hope everything go right and you succeds in your business!!

The minimum income is $450,000 annually, not monthly; it'll be $37,5000 monthly. I don't plan to be a billionaire, that's on a different. I plan to be a multi-millionaire. That's all.

A product in economic terms means a physical material; electronic, for example. Or, they generate it through services, like real estate. That's how the 1% generate wealth. You supply what people demand. That's what I want to do.