Author Topic: My thoughts on wealth, and respect for wealth  (Read 6178 times)

Re: My thoughts on wealth, and respect for wealth
« Reply #15 on: August 11, 2014, 08:33:45 PM »
Nope sorry, if you cannot survive off of 10 million you are an idiot. We are not talking about money used to run the business we are talking about the salary of one individual. Any thing that person does on the clock can be written off as a business expense which the company pays for. His personal salary is separate and there is not one place, not even Manhattan where you could not find a place to live or pay your bills on 10 million.



Wanna bet?


Seriously in todays economy, with the average lifetime expectancy, the cost of medical care, food, transportation, housing, and a host of hundreds of other small things 10 million simply isn't that much anymore. Fuck I could blow 10 million in one transaction.

And let me address the "well invest it dumbass" argument I hear coming....
The stock market is erratic, cd's pay shit for interest, precious metals are just as risky, banks have proven their ineptitude at managing money, real estate... good luck with that. Get the point?
Science doesn't give a damn about religions, because "damns" are not measurable units and therefore have no place in research. As soon as it's possible to detect damns, we'll quantize perdition and number all the levels of hell. Until then, science doesn't care.

Re: My thoughts on wealth, and respect for wealth
« Reply #16 on: August 12, 2014, 01:08:28 AM »
I suggest you do some real estate shopping in San Francisco or the Hamptons before you say that. If you lived a relatively frugal life, sure. But people with that kind of money usually don't.

Re: My thoughts on wealth, and respect for wealth
« Reply #17 on: August 29, 2014, 03:23:12 PM »
I disagree with the last part of this statement. 10 million isn't as much money(to a business owner) as one would think. With wages, overhead, taxes, health insurance, power, water/sewage, trash pick up, and equipment repair/replacement in my 3 SMALL businesses 10 million would last about 2 years and then Id be broke. If you throw in the amount of sponsorships I give out drop that down to 1.5 years.

And then there is something else to be taken into consideration, some people(myself included) are never satisfied. I had the pleasure of meeting Joe Weider several times in my life(for those that don't know he co-founded the International Federation of BodyBuilders (IFBB) he was also the creator of the Mr. Olympia, the Ms. Olympia and the Masters Olympia bodybuilding contests amongst other things.) and the one thing that I took from meeting him is that I want to be bigger than he ever was. For me its not an ego or greed thing, its the challenge I have laid out for myself.
Really? I know who Joe Weider is, I was a body builder when younger. It's not a ego thing? You're kidding yourself. Wanting more is not a problem, at any cost is? $10,000,000 is not enough for a business? I ran a construction company for way less. Look it up Lindblad Construction Co. on the internet. I also had a warehouse. I no longer own it now, but they use the name. It's in Joliet Illinois. Solitary
There is nothing more frightful than ignorance in action.

Re: My thoughts on wealth, and respect for wealth
« Reply #18 on: August 29, 2014, 06:53:54 PM »
Really? I know who Joe Weider is, I was a body builder when younger. It's not a ego thing? You're kidding yourself. Wanting more is not a problem, at any cost is? $10,000,000 is not enough for a business? I ran a construction company for way less. Look it up Lindblad Construction Co. on the internet. I also had a warehouse. I no longer own it now, but they use the name. It's in Joliet Illinois. Solitary

Its not an ego thing for me. I enjoy the challenge of opening and running several businesses(albeit of a similar type). And in regards of the 10 million not being enough I took into account all the bills and current salary of my employees, bonuses, monthly bills, and the promoting of a small amateur muay thai competitions. So yes I would easily burn through 10 million(without an influx of income).
Science doesn't give a damn about religions, because "damns" are not measurable units and therefore have no place in research. As soon as it's possible to detect damns, we'll quantize perdition and number all the levels of hell. Until then, science doesn't care.

Offline AllPurposeAtheist

Re: My thoughts on wealth, and respect for wealth
« Reply #19 on: August 29, 2014, 08:38:42 PM »
The notion that anyone can succeed with hard work alone is bullshit. I ran a few businesses myself, the last one being the scrap metal business and you can't tell me hard work alone is enough. You're gonna be damn fuck pressed to find a job where you can work harder than scrap metal. It's often 15-18 hour days in the hot sun and some days you're going to barely break even. I can remember when sheet iron prices dropped from $75 a ton to under $10 a ton, copper skyrocketed and copper theives were getting electrocuted and cities arbitrarily imposed severe restrictions on selling copper and aluminum to the point that I needed documentation to sell a strand of copper wire. My truck at the time only held a half ton so all I could earn with sheet iron was $5 a full load in a good day till it drove me out and into selling appliances which worked out, but only because I knew guys who literally gave me free working appliances.. Try hauling refrigerators up and down steps all day in 120° weather and tell me you can work harder..
And I had to compete with hundreds and hundreds of others in the same business willing to work for even less and who would gladly steal any and everything off my truck..
No, hard work and desire isn't always enough because there are international interests at work trying to undermine everyone else and it's more cut throat than ever.
Bully for you miralnihilist for being able to take a punch. So those who can't take a punch, tough shit? You're more deserving because of genetic lottery winnings? I have a glass jaw and have had it broken before..
All hail my new signature!

Admit it. You're secretly green with envy.

Re: My thoughts on wealth, and respect for wealth
« Reply #20 on: August 30, 2014, 09:12:13 AM »
Bully for you miralnihilist for being able to take a punch. So those who can't take a punch, tough shit? You're more deserving because of genetic lottery winnings? I have a glass jaw and have had it broken before..

First off, go fuck yourself. I have never claimed that I deserve more because of my abilities.

15 hour days? I do those every fucking day. You aren't the only person on this planet to have put in a long hard day at work. Fuck while my business was starting I worked construction as a damn laborer(i.e. not the guy with the hammer but the guy moving shit by hand all damn day). And after all day of doing that THEN I went to my gym for several hours and trained people.

ALL of my employees have full company paid for(read this as I pay for) benefits, a well above livable wage, and a boss who actually gives a shit about them as people.
Science doesn't give a damn about religions, because "damns" are not measurable units and therefore have no place in research. As soon as it's possible to detect damns, we'll quantize perdition and number all the levels of hell. Until then, science doesn't care.

Offline Green Bottle

Re: My thoughts on wealth, and respect for wealth
« Reply #21 on: August 30, 2014, 10:50:59 AM »
I have no problem with anybody wealthy who have worked hard mibbe all their lives for what they have, good luck to them.
But others who mite be ''worth a few quid, who look down their noses at everybody else that they deem as beneath them , these people deserve no respect at all.
Im talking about people who are born into money, the upper class, snobs, stuck up arseholes, the world is full of them.
they never will work a day in their priveleged lives but will be handed everything they will ever want or need, fkn sickenin.
God doesnt exist, but if he did id tell him to ''Fuck Off''

Re: My thoughts on wealth, and respect for wealth
« Reply #22 on: August 30, 2014, 10:52:18 AM »
Seriously in todays economy, with the average lifetime expectancy, the cost of medical care, food, transportation, housing, and a host of hundreds of other small things 10 million simply isn't that much anymore. Fuck I could blow 10 million in one transaction.
It all depends on the cost of living, the number of dependents, and the amount of discretionary spending, but most figures I've seen are nowhere near that.  Considering that most Americans do actually live on far less (i.e. do not earn $10 million in their lifetime), it's not unreasonable to assume that one's lifetime expenses will be less than $10 million.

Re: My thoughts on wealth, and respect for wealth
« Reply #23 on: August 30, 2014, 11:00:04 AM »
I know just enough about Moral's business to know how hard it can be. I spent some time with a guy years ago who franchised a Gold's Gym, and that is an established business. It took a lot of time for him to get it going, and he had many risks involved from building the gym to equipping it and gaining clientele, this for an established franchise. I was working out there in the morning before going to work. It was a surprise to me that he was there that early in the morning, and still there when the place closed at night.

When we are talking wealth, the means to get it is very much the point. Moral has had to work very hard to achieve what he has, and I respect that. I respect the Richard Bransons and the Elon Musks who build from scratch. But the other wealth, the enabled and established wealth, the Waltons and the Koch brothers is another story. That these people who are 2nd 3rd and 4th generation who were born into wealth who can manipulate politically and think of their employees as drones to be paid minimum wage and given as few benefits as possible. This is the wealth that destroys, not builds. They do not get my respect and they do not deserve it.

Offline AllPurposeAtheist

Re: My thoughts on wealth, and respect for wealth
« Reply #24 on: August 30, 2014, 01:49:06 PM »
First off, go fuck yourself. I have never claimed that I deserve more because of my abilities.

15 hour days? I do those every fucking day. You aren't the only person on this planet to have put in a long hard day at work. Fuck while my business was starting I worked construction as a damn laborer(i.e. not the guy with the hammer but the guy moving shit by hand all damn day). And after all day of doing that THEN I went to my gym for several hours and trained people.

ALL of my employees have full company paid for(read this as I pay for) benefits, a well above livable wage, and a boss who actually gives a shit about them as people.

Yeah, go fuck yourself too asshole. So you work long hours. Yippie.. Most people do work long hours, but the whole thing went right over your head as usual as you pat yourself on the back. So you've built your empire on beating the shit out of people. Am I supposed to be awe struck?
All hail my new signature!

Admit it. You're secretly green with envy.

Re: My thoughts on wealth, and respect for wealth
« Reply #25 on: August 30, 2014, 02:05:47 PM »
Come on, guys.  Keep calm and...uhh...keep calm.

Re: My thoughts on wealth, and respect for wealth
« Reply #26 on: August 30, 2014, 02:22:01 PM »
Its not an ego thing for me. I enjoy the challenge of opening and running several businesses(albeit of a similar type). And in regards of the 10 million not being enough I took into account all the bills and current salary of my employees, bonuses, monthly bills, and the promoting of a small amateur muay thai competitions. So yes I would easily burn through 10 million(without an influx of income).
So explain to me why I was able to do what you can't with less than a million. It's the challenge but not a ego thing: Right! I heard a billionaire on Bill Maher's show say the exact same thing---it's all about ego and one up-man-ship, and competition to be the richest.. You could have one business, but you have to keep expanding as a challenge and you say it's not ego. Give me a break. "without an influx of income" But that's just the point, you do have an income from your businesses. And let's not forget about the estimated profit for the year, and when it doesn't happen write it off on your taxes. And how about your company car? If you can't start a business with $10,000,000 dollars you need a better lawyer and business manager.  My son and his girlfriend started an electronic firm in California with nothing and a loan, they are looking at a Porsche Panamerica that will be written off as an expense because it will be a company car. They both take in over $100,000 a year. Just think what they could do with $10,000,000. Solitary
There is nothing more frightful than ignorance in action.

Re: My thoughts on wealth, and respect for wealth
« Reply #27 on: August 30, 2014, 02:36:43 PM »
The notion that anyone can succeed with hard work alone is bullshit. I ran a few businesses myself, the last one being the scrap metal business and you can't tell me hard work alone is enough. You're gonna be damn fuck pressed to find a job where you can work harder than scrap metal. It's often 15-18 hour days in the hot sun and some days you're going to barely break even. I can remember when sheet iron prices dropped from $75 a ton to under $10 a ton, copper skyrocketed and copper theives were getting electrocuted and cities arbitrarily imposed severe restrictions on selling copper and aluminum to the point that I needed documentation to sell a strand of copper wire. My truck at the time only held a half ton so all I could earn with sheet iron was $5 a full load in a good day till it drove me out and into selling appliances which worked out, but only because I knew guys who literally gave me free working appliances.. Try hauling refrigerators up and down steps all day in 120° weather and tell me you can work harder..
And I had to compete with hundreds and hundreds of others in the same business willing to work for even less and who would gladly steal any and everything off my truck..
No, hard work and desire isn't always enough because there are international interests at work trying to undermine everyone else and it's more cut throat than ever.
Bully for you miralnihilist for being able to take a punch. So those who can't take a punch, tough shit? You're more deserving because of genetic lottery winnings? I have a glass jaw and have had it broken before..
I agree and I never said that! I said with $10,000,000 dollars to start with and live on. You couldn't live on $10,000,000 dollars. Just because he has to keep challenging himself does not mean he couldn't live on $10,000,000. He's a body builder and says it is not about ego, just like Arnold, who is a politician now. By the way, I did work hard and made it because I had the best union people working for me. Small companies have taken a hit by big companies that hire anyone to do their work, as long as they don't have to pay them much. Also, the question was who cannot live 0n $10,000,000 dollars, not how much it takes to run a company.  Nothing like changing the subject at hand.
There is nothing more frightful than ignorance in action.

Re: My thoughts on wealth, and respect for wealth
« Reply #28 on: August 30, 2014, 06:38:16 PM »
So explain to me why I was able to do what you can't with less than a million. It's the challenge but not a ego thing: Right! I heard a billionaire on Bill Maher's show say the exact same thing---it's all about ego and one up-man-ship, and competition to be the richest.. You could have one business, but you have to keep expanding as a challenge and you say it's not ego. Give me a break. "without an influx of income" But that's just the point, you do have an income from your businesses. And let's not forget about the estimated profit for the year, and when it doesn't happen write it off on your taxes. And how about your company car? If you can't start a business with $10,000,000 dollars you need a better lawyer and business manager.  My son and his girlfriend started an electronic firm in California with nothing and a loan, they are looking at a Porsche Panamerica that will be written off as an expense because it will be a company car. They both take in over $100,000 a year. Just think what they could do with $10,000,000. Solitary

I started my first company with less than $10,000.00 to my name. I don't bother with a company car. My newest gym took over a million to open owing to buying the building and equipment up front.

Yeah, go fuck yourself too asshole. So you work long hours. Yippie.. Most people do work long hours, but the whole thing went right over your head as usual as you pat yourself on the back. So you've built your empire on beating the shit out of people. Am I supposed to be awe struck?

Look I don't know what the fuck your problem is but frankly I don't give a shit. You are nothing more than a bitter old loser who resents those that have pulled themselves up from nothing. My family was frequently on food stamps when I was growing up, there were several times that we were evicted from our own home. I started fighting because there was a tough man tourney at the bar I was bar backing at and I hadn't eaten in 3 days. It was fight and win or don't eat.

Im not one of those rich assholes that forgot what its like to have to work for a living. I don't take advantage of my financial situation(in fact I give most of it to charity). Do I have nicer things than most people? Yes. Does this automatically make me some sort of villain? No. Do I expect some sort of praise for this? Again no.

So again apa I invite you to go fuck yourself.
Science doesn't give a damn about religions, because "damns" are not measurable units and therefore have no place in research. As soon as it's possible to detect damns, we'll quantize perdition and number all the levels of hell. Until then, science doesn't care.

Offline Hakurei Reimu

Re: My thoughts on wealth, and respect for wealth
« Reply #29 on: August 30, 2014, 07:53:53 PM »
Yeah...

My take on this is that no one needs more than $10 million in wealth if all you're doing is sitting on it and spending it on yourself. While it may not seem like much to the peckerhead top 1%, this is like having a salary of $100,000 over a century for one person. At most 93% of people in this country never see that kind of salary even for a few years, let alone a century. I could live very comfortably off of that kind of wealth.

That said, I do agree with Moral here. His wealth is doing stuff for people other than himself. A business (even a failing one) is still a huge asset, and owning one would easily raise your wealth over a few million quite easily. Managing your business's spending puts you on a whole different scale than a personal household budget. As such, I don't really find a problem with how Moral apportions his wealth.

The problem comes from rich little rich boys and girls born into wealth and simply can't fathom having to live on less than $1 million a year. Fuck them. MOST people live on much less than that and quite well, thank you.
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