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The 1%
Message
From
01/02/2014 10:27:34
 
 
To
01/02/2014 09:52:17
General information
Forum:
Finances
Category:
Investment
Title:
Re: The 1%
Miscellaneous
Thread ID:
01592816
Message ID:
01592834
Views:
64
>>>>>>An interesting article and insight into the 1% ...
>>>>>>
>>>>>>"Investment Manager Explains Why 99.5% Of Americans Can Never Win"
>>>>>>
>>>>>>http://www.businessinsider.com/an-investment-managers-view-2013-11
>>>>>
>>>>>
>>>>>What percent are you?
>>>>>
>>>>>http://www.globalrichlist.com/
>>>>
>>>>Doesn't work for negative net-wealth values. Safe to say, therefore, not in the top 1%.
>>>>
>>>>The article is nicely written though. An eye opener for the wannabe rich and a wake-up call to wealth inequality generally.
>>>
>>>
>>>Plug your income into that website, and tell us what you get.
>>
>>What does it matter?
>
>
>You're fantastically wealthy but all you care about it is how much wealthier other people are.
>
>"I'm not rich!" you say.
>
>The article makes it obvious that even people richer than you think the exact same thing. That its tough to get by on $300K a year.
>
>If you don't think you're rich enough, why should expect others to think they are rich enough?
>
>Do you expect them to simply give away their money until you both have more equal amounts?
>
>How is that not greed and jealousy?

OK, leaving your assumptions about me, what you think I "all care about", and what you think I expect from others aside; the reason for linking the article was that I find it interesting what rich really means, how wealth even in the 1% is itself very skewed to the 0.1%, and the difficulty of attaining the dream of being rich for the vast majority of mankind. Also very interesting in the article was where the author has found wealth mainly comes from (generally not labour) and the cost of attaining extreme wealth on the rest of society. Plus the inevitable exploration of wealth inequality that such articles will encourage one to explore. But you can assume that I'm actually saying something else and amuse yourself with that if your prefer.
In the End, we will remember not the words of our enemies, but the silence of our friends - Martin Luther King, Jr.
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