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The 1%
Message
From
03/02/2014 08:23:06
 
 
To
01/02/2014 09:52:17
General information
Forum:
Finances
Category:
Investment
Title:
Re: The 1%
Miscellaneous
Thread ID:
01592816
Message ID:
01592976
Views:
92
>>>>>>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?

Mike - did you actually read the article? It says that the top 0.5% or 0.1% aren't just doing better than everyone else (which is tautological). It's says they're doing so by activities that are harmful to the economy as a whole. Opposing that is not class envy.

Tamar
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