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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (110163)

1/26/2015 1:32:56 PM

From: Maurice Winn

Respond to of 218621

You could probably find the data in Google, but the proportion of born entitled and pigs is few. Most people who have money have earned it by doing things for other people that those people were willing to pay for to gain the benefits. <Why do hard-working, self-made people defend the pigs and born entitled? Because their interests are somewhat overlapping. Will the mob care or be aware of the difference between the two when the pitchforks and torches come out? No.
>

Envy is a nasty shade of green. Envy is best solved by the sufferers getting psychological help, not a pitch fork. They are badly socialized people who missed out on important development as children. If they do gang up with pitch forks and the stupid idea that robbing other people is a good idea, then their lives will go downhill from there. Robbing people as a lifestyle works for only a very short time because having eaten the goose that lays the golden eggs, there are no more eggs.

There are a few families who are able to hand down entitled piggery but they are relatively few. The Rockefellers did it. The Todd family in NZ has managed to keep their business going very well for generations. The Fletchers not so much as the grandson was not so much of a business manager though he was a big shot and still is on boards of governors as though he knows what he's doing which doesn't seem to be the case.

There aren't many born entitled. Not enough to worry about. Most 1%ers made it themselves, by understanding things like envy and bludging compared with learning, thinking, work, saving, honesty, Virtuous Victorian Values of free enterprise, investment, borrowing, law and all the other things needed to succeed over time.

The greatest danger to me is not a few entitled inheritors of wealth who make fools of themselves. My problem is people at the other end of the scale. I don't care if the 1%ers own a $billion or three, or even just $10 million and do nothing much except spend it on luxuries. They help fund things I want such as A380s. The pay big heaps for fancy technology on new cars, which I buy second hand and eventually the fancy new technology is on all cars due to competition. I bought a Samsung SIII last year and then an S4 for my wife. The S5 was too expensive but the wealthy buy it and that funds development of it and ends up making it cheaper which is when I will own it. Having earned my money the hard way, I prefer not to spend carelessly.
It's no skin off my nose if a rich 1%er who inherited their wealth buys an S5, a high end car and travels in first class on the A380 then stays in a $5000 a night hotel while I sleep on an inflatable mattress in my daughter's living room, where I prefer to be anyway coz then the grandson can come and play first thing in the morning when I'm visiting. I ride a free second hand bicycle in London which I fix up to keep going, not a new $5000 fancy machine and my bike goes just about as fast [near enough for me having fun].

A lot of 1%ers know that it's not necessarily a good idea to give their less achieving offspring too much of a helping hand. They tend to spend their money on more useful things than encouraging wayward offspring to self-destruction. They might decide to cure cancer, or do some philanthropic investing on expensive things that are likely to fail but if successful will be very useful to a lot of people.

We have seen what communism and socialism do to people by the hundred million so we oppose ideas of envy, and greed that goes with the envy, which are two sides of the same coin. Once the envious take over, they are immediately greedy but having not earned the money, are far far worse than the 1%ers who are despised who normally have a culture of civilization about them because that is needed to protect the value of inheritance.

There is also a thing called ethics. Robbing rich people is evil. Just as robbing poor people is evil. People who don't know about ethics are okay with robbery. That's why we are against robbing people.

Mqurice