Wealth Creation now Social Taboo

[richravizza 28]

Growing Up some 40yrs. ago.I remember at family gatherings my Uncle Wolfred and family would discuss investments.Who was paying the most on stocks, CD's and Bonds.Come monday the mad dash began going from bank to bank switching CDs to get that extra half percent.We all looked up to him,respected that he was helping all in the Family.We were lower/middle class, the extra $ earned made big differance.Wolfred earned less (income) than all in the Family.He retired a wealth man.Giving over a Million away to his Kids, grand kids,and gg kids.
Now childern watch Mom & Dad spend money they don't have. Putting money on a that card is painless.Saving is useless.Investing is a Sham.CEOs are criminals.Companys are greedy.
DONT EVEN TRY
Even Food Stamps are cards, teaching the most at risk this behavior.
This Country has become so Pessimsistic,the media only fuels this,Congress approves it, the president embraces it.
Even here,I mentioned the name of a Company with the largest Oil Find in US HISTORY only to be told to Stop "pushing Stocks" in this Forum.Corperate America is Not the Problem, it is our solution as individuals.Its the Only game in town,embrace it. Even the USPA has, look a the wealth created in the Trust funs.Where did it Come From?

[quade 4]

You seem to be saying not that it's a social taboo, but rather a difficulty.

I don't begrudge anyone who can actually create wealth out of his own work. The second richest person in England got that way because she sat down with some paper and ink and people wanted what she had written. That's fucking AWESOME!

People do the exact same thing in the US in a number of ways and I also think that's fucking AWESOME.

What's NOT awesome is when people get rich at other people's expense. I think we need to raise the penalties for that sort of thing. Right now, it's less expensive for them to go to court or settle out of court than to be good people. I think those sorts of psychopathic people need to be locked away.

quade -
The World's Most Boring Skydiver

[richravizza 28]

I agree, But the Bad Apples are the only one's reported.
This pessimism Robs us all of Oppertunity,it is dead.
I think it's in the Grand Plan of the Left, only the Gov't can take care of you. Helpless hopless bullshite.
This is braking the back of America's Spirit.
I refuse to be that Helpless Hopless dependent.

[kallend 2,146]

richravizza

I agree, But the Bad Apples are the only one's reported.
This pessimism Robs us all of Oppertunity,it is dead.
I think it's in the Grand Plan of the Left, only the Gov't can take care of you. Helpless hopless bullshite.
This is braking the back of America's Spirit.
I refuse to be that Helpless Hopless dependent.

Rich parasites are the Grand Plan of the Left?

What are you smoking?

...

The only sure way to survive a canopy collision is not to have one.

[richravizza 28]

Only the best. "Made in the USA"and in other news
Bakken shale ND,largest US Oil find in 40yrs.
Utica shale PA
Nirbei shale Co
Permian basin, & Eagleford shale TX
and in Cali From San Jose to sky dive Taft
THE US IS THE NEW WORLD SAUDI ARABIA, with twice the amount of Natural gas.

[quade 4]

richravizza

I agree, But the Bad Apples are the only one's reported.
This pessimism Robs us all of Oppertunity,it is dead.
I think it's in the Grand Plan of the Left, only the Gov't can take care of you. Helpless hopless bullshite.
This is braking the back of America's Spirit.
I refuse to be that Helpless Hopless dependent.

Well, that's some class A-1 Bullshit right there my friend.

Unless somebody is holding a gun to your head, their pessimism doesn't have a damn thing to do with your optimism. That's all on you.

Look at the number of people who have been pessimistic about any one of a number of enterprises or inventions; light bulb, car, airplane, home computers...

Nope. If you are being held down by anyone's pessimism, it's all your own doing.

That's not to say doing something amazing isn't going to be difficult or that you might not fail a million times or maybe die before your million and first attempt is a success, but if you want to do something amazing it starts with you.

Sorry. Sometimes the truth hurts a bit.

quade -
The World's Most Boring Skydiver

[richravizza 28]

The Majority Of America is falling for this crap Hookline and Sinker.The negitivity doesn't affect me in the Least.
They (media) states "The Lost Decade in Stocks"when in Fact, It may be the Best decade Since WWII, You won't hear that side of the story.The STINKN THINKN IS SELF DEFEATN

[kallend 2,146]

Iago

***
The Majority Of America is falling for this crap Hookline and Sinker.The negitivity doesn't affect me in the Least.
They (media) states "The Lost Decade in Stocks"when in Fact, It may be the Best decade Since WWII, You won't hear that side of the story.The STINKN THINKN IS SELF DEFEATN

I don't think you're far off the mark. The people that got spooked and pulled their money out into cash missed out on one of the biggest bull markets in history for both stocks AND bonds.

Now we get to read articles about retirees that don't have enough money because of this. Stocks and investing is evil. We need more reliance on social security for people's retirement.

The richest people benefited most from the recovery. They must all be crooks.

No, not crooks. The rich have bought the best legislature money can buy, so most of their underhand dealings are actually quite legal.

It's certainly the case that the people who engineered the housing bubble and recession are largely the ones who have benefited the most.

...

The only sure way to survive a canopy collision is not to have one.

[richravizza 28]

I was lucky,No. Wolfred taught us something.
Teachers have unions.They need not invest skin in the game.
Public teachers need not teach fundimentals of financial, self reliance,management
,wealth creation ..
Look the Average Working male in the US is fully vested in Social security in 14yrs.Yet we Pay for the rest of our lives so the teachers dont have too!!LOL

[richravizza 28]

They got spooked out of the market and CONED INTO BONDS.
How long does it take for a US Gov't 2.5 % bond to DOUBLE = 28.8 yrs.
Good luck with that.Now as interest rates Rise who's going to want a 2.5% bond, when interest rates are 4.5%?
Where do u go? the bank with the best deal.
The largest US pipline co's pay 6-7% reinvested it doubles in about
10 yrs. Most increase the Dividend every yr or so..and the stock can go up. It can go down, but if ur in for the long haul all the dividends reinvested will buy more for u on the Cheap so your dividends (shares they pay'd u) could pay More.
Know what u own.

[kelpdiver 2]

richravizza

Look the Average Working male in the US is fully vested in Social security in 14yrs.Yet we Pay for the rest of our lives so the teachers dont have too!!LOL

Uh, you probably should look up how SS benefits are determined. You may qualify for retirement benefits in 14 years, but you will also have 21 years of zero income reducing that benefit to 40%. You are "fully vested" after 35 years.

[kallend 2,146]

Here is what's wrong with USA.

...

The only sure way to survive a canopy collision is not to have one.

[CanuckInUSA 0]

kallend

Here is what's wrong with USA.

Ask any average person on the street whether or not someone who owns their own airplane is not wealthy and 99.999% of the time the average person will say, yes the person who owns an airplane is wealthy. So it's always funny when a wealthy person continues to whine about other wealthy people. Could you be any more out of touch with reality? When you are ready to stop throwing stones from your crystal palace at the others who also own crystal palaces and join the rest of us in reality, let us know.

Try not to worry about the things you have no control over

[kallend 2,146]

CanuckInUSA

***Here is what's wrong with USA.

Ask any average person on the street whether or not someone who owns their own airplane is not wealthy and 99.999% of the time the average person will say, yes the person who owns an airplane is wealthy. So it's always funny when a wealthy person continues to whine about other wealthy people. Could you be any more out of touch with reality? When you are ready to stop throwing stones from your crystal palace at the others who also own crystal palaces and join the rest of us in reality, let us know.

Whhoooossshhh.

...

The only sure way to survive a canopy collision is not to have one.

[Gravitymaster 0]

kallend

******Here is what's wrong with USA.

Ask any average person on the street whether or not someone who owns their own airplane is not wealthy and 99.999% of the time the average person will say, yes the person who owns an airplane is wealthy. So it's always funny when a wealthy person continues to whine about other wealthy people. Could you be any more out of touch with reality? When you are ready to stop throwing stones from your crystal palace at the others who also own crystal palaces and join the rest of us in reality, let us know.

Whhoooossshhh.

Don't bite the hand that feeds you.

[kelpdiver 2]

kallend

Here is what's wrong with USA.

hardly. And we've covered this before.

An implied lie in that graph is that the public is paying those salaries. They don't. The boosters and the Nikes do.

Until December, the highest paid public employee was the Cal football coach, making somewhere around 3-4M/year. Ignoring that the bulk of that money came outside the AD, he increased season ticket sales by 20-30k per year (which is ~8M in direct money and doesn't count the additional revenue around food, merch, etc) and was the reason why Cal was able to finance a badly needed stadium retrofit to Memorial - build in 1923 on a fault line.

I also know that Cal has some profs that are involved in biotech making serious bucks. I suspect that money from their other job isn't captured the way that the coach's other sources of income is.

[quade 4]

kelpdiver

hardly. And we've covered this before.

An implied lie in that graph is that the public is paying those salaries. They don't. The boosters and the Nikes do.

I believe you've missed the actual point of the graphic. It's not who is paying for what, it's the value society is placing on what.

The sad fact is as a society we're wiling to pay more for the circuses than the roads.

Imagine what would happen if we valued science and engineering more than sports and entertainment?

quade -
The World's Most Boring Skydiver

[SkyDekker 1,465]

quade

***hardly. And we've covered this before.

An implied lie in that graph is that the public is paying those salaries. They don't. The boosters and the Nikes do.

I believe you've missed the actual point of the graphic. It's not who is paying for what, it's the value society is placing on what.

The sad fact is as a society we're wiling to pay more for the circuses than the roads.

Imagine what would happen if we valued science and engineering more than sports and entertainment?

+1 well said quade

[kelpdiver 2]

quade

***hardly. And we've covered this before.

An implied lie in that graph is that the public is paying those salaries. They don't. The boosters and the Nikes do.

I believe you've missed the actual point of the graphic. It's not who is paying for what, it's the value society is placing on what.

The sad fact is as a society we're wiling to pay more for the circuses than the roads.

Imagine what would happen if we valued science and engineering more than sports and entertainment?

Who says we don't? What is the wealth of Bill Gates or Zuckerberg? Science and engineering are the primary wealth drivers in the Bay Area. I already spoke to the fact that university professors can and do make tremendous money outside of their public job. They're getting valued. The mistake you make is treating the #1 spot as statistically valid, when it's really more of an outlier.

There are 120 (ish) Div-I football programs in America. Not sure how many are public versus private. Each program has direct attendance of 50-100k people, and TV/radio viewers and fans of many times that. For basketball, there are a couple hundred Div I programs and arenas seat 5-15k for nearly 3x as many games per season. Whether you like sports or not, that's a greater impact that lecturing to a few hundred or a thousand students. But you drop down to the Div II coaches, or even the IAA, and you'll see their compensation is hardly stellar.

[lawrocket 3]

kallend

Here is what's wrong with USA.

Shows you what the priorities of most governments are, doesn't it?

My wife is hotter than your wife.

[richravizza 28]

I stated "vested" as meaning the TAX payed, in an account would earn enough to pay the TAX and provide the benefit.