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Thread: Wallstreet revolution

  1. #55

  2. #56
    Super Moderator UGLY's Avatar
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    Default Re: Wallstreet revolution

    Has anyone noticed that this new 1% that support the 99% movement are mostly people who never earned their money? They inherited it. I think I would respect someone who has worked to earn the money supporting the Occupy crowd rather than their kids who have no sweat equity involved in earning anything.

  3. #57

    Default Re: Wallstreet revolution

    Quote Originally Posted by UGLY View Post
    Has anyone noticed that this new 1% that support the 99% movement are mostly people who never earned their money? They inherited it. I think I would respect someone who has worked to earn the money supporting the Occupy crowd rather than their kids who have no sweat equity involved in earning anything.
    I respectfully disagree. I've read about hundreds of people who created their own wealth only to go on and lose it. If you inherit it and don't blow it, all is good to me. I would think it is harder to inherit it and not blow it than to earn it and not blow it. Paris Hilton has actually made money off of her inheritence. I have no ill will towards her or anyone else. If I ever earn billions, I want to be able to leave it to the family I love instead of having to give it up to lazy drug addicts wanting redistribution.

  4. #58
    Super Moderator UGLY's Avatar
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    Default Re: Wallstreet revolution

    Quote Originally Posted by quinn14 View Post
    I respectfully disagree. I've read about hundreds of people who created their own wealth only to go on and lose it. If you inherit it and don't blow it, all is good to me. I would think it is harder to inherit it and not blow it than to earn it and not blow it. Paris Hilton has actually made money off of her inheritence. I have no ill will towards her or anyone else. If I ever earn billions, I want to be able to leave it to the family I love instead of having to give it up to lazy drug addicts wanting redistribution.
    Quinn most are young and haven't had time to lose the money. I dont care what they do with their money but I dont see them as righteous for wanting to give their money away when they didn't earn it. Its much harder and much more respectable to give away something that you earned.

  5. #59

    Default Re: Wallstreet revolution

    Quote Originally Posted by Flop The Nuts View Post
    I wish the little budding socialists could all get together and occupy an entire swath of uninhabited land somewhere in the U.S. They could start their own self-sufficient community where there would be total income equality regardless of individual effort put forth. If one person happened to make a few more dollars than another person, that person would be forced to turn over their money and/or property in order to satisfy the holy quest for social justice. I'm sure they'd all get up early in the day and perform their daily duties, all to support the needs of the community. It would be interesting to see if they would actually get off their a$$es and go to work every day when there are no "rich" to support their laziness and sloth.

    Or, maybe we could airdrop copies of books by Hayek, Friedman, and Muravchik to see if they could learn to rub two brain cells together. They should probably start with this one from Muravchik first: Amazon.com: Heaven On Earth: The Rise and Fall of Socialism (9781893554788): Joshua Muravchik: Books
    Efforts toward socialism made by scientists have been misguided failures.

    When POLITICALLY directed, it's worse.


    Any system that stomps on individual enterprise and achievement is in for problems.

    That is why, one would suspect, that the various "experimental communitites" tried over the years in the USA have crashed and burned. Now I know behavioral scientists will have their own analyses for these dismal (and to them VERY disappointing) failures, but it amounts to the fact that pure socialism/egalitarianism cannot work for homo sapiens. Too many homo sapiens are just too talented, a real quality of many individuals that is extremely difficult for behavioralists to deal with as they attempt to apply their theories to modify entire cultures.

    Fortunately, in the USA experiments, those who couldn't "conform" in a manner decided by the "cultural designers", were allowed to leave, rather than be murdered. Unfortunately when cultural/social design moves past the experimental phase...........


    Socialism MIGHT work for a different species. The VERY SMARTEST of the socialists know this, and work toward just that end. Beware gene modification, the logical end point for eugenics. Instead of controlling our behavioral characterists after we are born, they will attempt to do so BEFORE we are born.



    ================================================== ===================
    Wall street excesses are just that. A concept that should exist simply for joining investors with companies looking for capital infusion, has become something else altogether as finaciers have co-opted the process.

    It's a shame that the current protestors have picked the right target for the wrong reasons.
    DSCH: a Soviet artist's reply to unjust criticism.

  6. #60

    Default Re: Wallstreet revolution

    Quote Originally Posted by UGLY View Post
    Quinn most are young and haven't had time to lose the money. I dont care what they do with their money but I dont see them as righteous for wanting to give their money away when they didn't earn it. Its much harder and much more respectable to give away something that you earned.
    I still kind of disagree. Not having millions to experiment myself, I certainly can't be sure but I think it would be harder to give away millions that I inherited. If I earned it, I think I would be cocky enough to think I could earn it back. If it was given to me, I would probably be too scared to lose it or give it away b/c I wouldn't know how to earn it back.

    That's just the way I think, though. I really don't have anything to base that off of, except for the way Trump has gone from rich to poor to rich again. The thing that really gets me is that all of these people think they should tell others what to do with their own money. They have definitely been indoctrinated.

  7. #61

    Default Re: Wallstreet revolution

    Quote Originally Posted by LkwdSteve View Post

    It's a shame that the current protestors have picked the right target for the wrong reasons.
    I agreed with you right up to that point. The protesters should be sitting outside the White House or Congress. Fannie, Freddie, Bernanke, Paulsen, and others created the problem. Don't get me wrong, I understand synthetic derivatives and CDO's, but that's just a secondary market that negatively impacted wall street firms, not individual homeowners. The basic problem is that people were approved for mortgages that they couldn't afford.

  8. #62

    Default Re: Wallstreet revolution

    They were told what to protest!!!!! These protesters have no idea what they are protesting. They recite bumber stickers. They are paid. This is an organized movement by billionaires, which makes it even more laughable. They protest the "rich" but just not union bosses or Buffett or Soros b/c they have be told that those people are "good". There is really no debate on this. It's out in the open and if you listen to any protester talk, they will say exactly that. They are mindless idiots doing the bidding of puppet masters.

  9. #63

    Default Re: Wallstreet revolution

    How is that different than the early days on the tea baggers?
    RIP Jacob Schlottke - 1984-2011

    "If Cornell finishes ahead of Iowa with five all americans I'll jump into the Des Moines River after finals." -Herkey#1 8/16/12

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