What’s everyone’s thoughts on this?

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https://www.facebook.com/BigThinkdotcom ... 287013527/

Sorry to those who don’t have Facebook but that’s where I saw it and they don’t have a non Facebook link.

As a 1%er, I agree. I stand to make more money from a single screenplay than a hard working blue collar family man makes in his entire life? Something about the equation sounds wrong to me. Guessing Jesse came to the same conclusion through those means as well. We’re court jesters compared to many people out there- doesn’t feel right. Hollywood types make more money than teachers, doctors, and law enforcement? The equation is off.

Hate to tell people who aren’t financially well off this - it is so rigged, you’ve got no idea. No matter what you think my/our advantages are - the 1% - you’re not thinking enough. I’m 30 and my biggest financial issue right now is how much money I’d like to pay while staying at a film festival for a couple of days to not overspend (never mind I’m not financially worried enough to not buy Spidey PS4 tomorrow before leaving for the festival ). This is just this month and it’s not even close to the most money I’ll throw around this year. I’m not worried about living - at all - just mostly pleasure type questions, it’s always been that way. Not to brag, but - money is not really that much of a concept to me. I get working hard to get the money you need, but I never got the fear that most people in this country/world have. I have a rich friend, we got to talking, and we both viewed it the same way. Silver spoon, fund trust kid brats. I want people to have as much as a chance or at least close to it as I do. The number of handicaps we have is - undefinable and it is easy to see it is unfair.

I was born poor and adopted into wealth, so an ‘Annie’ type background that makes me want the poor to rise up.

Something needs to change. What, unsure - but, something. I don’t want a feudalistic country even though that is basically already what we have.

"law of unintended consequences"

Capitalists know they can pay their workers lower pay because government programs exist.

So, they intentionally pay their workers lower pay.

It's so perverse that sometimes workers want to be paid lower pay, so they don't disqualify for their "free" government benefits, which are likely worth substantially more than a few dollar per hour pay raise.

As usual, Jesse “The Body” Ventura is full of it. Just like President Cadet Bone Spurs, as well as the demented cowboy, he’s a washed up entertainer who can’t do anything except talk smack.

Last edited by Meistersinger on 07 Sep 2018, 9:28 am, edited 1 time in total.

I'm not rich, but I would say I feel the same way.

Then again, I've never been in a position where I had to sell my belongings just to afford another month of rent. I've been poor, just never really been aware of it.

I also don't have cell phones, children, or cigarettes to pay for. I'm sure that's a great financial burden on a lot of people.

I don't see how most people can have enough.

You need like $3 million to retire, plus a home.

Blatantly honest, these years? You’re born or adopted into it. It’s a caste system. I’ve always been set and I just grow from here unless I royally f- up in some way which isn’t likely. As said, and can atest to, it is rigged.

One common practice among the top is to buy your kids companies to manage. Weird and telling thing is - that concept doesn’t sound odd to me although I know it should.

Last edited by Spooky_Mulder on 07 Sep 2018, 9:36 am, edited 1 time in total.

Thank you for your honest posts about yourself in this thread, Spooky. They were the missing pieces of the Spooky_Mulder puzzle.

If you’re implying what I think you are, I already know what I come off like and what my character flaws are. I’m a pretentious narcissist spoiled brat (as well as a hypocrite because I rail against the rigged economic system while enjoying the benefits of it as well), even though I don’t want my means to define me I know they already do in ways I can’t see, all I can do is try to help the ones on the bottom even though there - there are many blind spots as well.

Reminds me of Luke Cage calling Danny Rand out:

https://youtu.be/5fd-_J7ZCZ8

If I had bought $1,000 of Amazon stock at their IPO I would have had over $100,000 today. However at their IPO I did not have $1,000, and all of the money I did have went to basic expenses.

Most billionaires in the U.S. are "self made" but most people can never be billionaires, or even millionaires for that matter, because, ultimately, wealth is a finite resource held by others.

Are you saying that everyone doesn't have a fair chance at pursuing the American Dream?
Are you even suggesting that America isn't a true meritocracy?

Seriously though, in what ways is the system rigged that we have no idea?

total lack of addlement AND high iq are necessary to succeed in life, in general, including financially. some are doomed to failure. most are doomed to mediocrity. only less than 1% have potential of greatness in them. those lacking social intelligence are doomed.

What I have seen ....
1. The 1% have finance and tax laws written to favor them.

2. The 1% can buy expensive advisors that use expensive software that helps them figure out how to maximize their wealth in accordance with those favorable laws (tax accountants)

3. The 1% gets perks not offered to others because of their wealth (better banking rates, better credit terms, special offers...)

4. It appears laws are written to favor corporations over individuals, so the 1% can benefit by having the wealth to setup various financial structures and take advantage of these corporation-favorable laws. For example, the 401k limit is not the individual limit of $18,5000/yr but rather the total employer limit of $55,000/yr. A smart 1%er could create a paper LLC corp. and setup an "Employer 401k" to route $55,000/yr into a 401k. However, *you* as an employee will never be able to put in more than the individual limit of $18, 500/yr.

Ther're probably hundreds of little legal/tax/financial tricks that a 1%er gets advised and utilizes that's not very available to someone poorer.

amuurica is one big racket put out by the 1% profiting off the 99%. and the 99% fight each other to be first in line to get fleeced by that same crooked 1%.

$3m?! What, are you going to spend your retirement jetsetting around the world?

If you own a home outright and manage your money well, $400,000 is enough to live on indefinitely in most of the world. 7% interest, 3% inflation - gives you 4% to live off. That's $16,000, which is an entirely reasonable budget without a mortgage or commuting to worry about. $3m gives you $120,000 a year, which is considerably more than most people will ever earn.

Now getting to $400,000 is very hard for most people, but you don't really need that much - you can always purchase an annuity, which will give you considerably more per year than self-funding (but you won't be able to pass on anything you put in).

This isn't financial advice, but $3m is out by an order of magnitude.