You're in economic slavery because you believe all of those things are completely necessary
but carry on
The richest 10% own 70% of the country’s wealth
- Thread starter winb83
- Start date
but carry on
We already have a mixed system it just needs to be better though.socialism is worse
it's better to understand what wealth is first.
If you didn't need money, would you be wealthy?does money hold actual value or is it just means of exchange
I used to think like most here when it came to "hoarding wealth"....this is a lie. The rich spend like crazy.
It's just not obvious why they have so much money when the only thing most people do here is work for money (FYI this is the most inefficient way of earning money period)
what if you could create things that people would give you money for?
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
So when people spend $15 a week on fast food at McDonalds...is McDonalds stealing from the bottom?
Is it theft when there are long lines in gas stations for scratch offs?
food, shelter, water
I've met current millionaires that only had a car to live in and panhandled every day. They still understood some key axioms of what currency is.
how much does a pound of rice cost? a whole chicken? canned vegetables?
You laugh but this is where the "theft" actually happens
Your argument is you don't need a place to live in? You don't need health care? You don't need transportation?You're in economic slavery because you believe all of those things are completely necessary
but carry on
Those things are completely necessary. The difference between the rich and the poor is that when it comes to housing and transportation wealthy people don't spend even a significant portion of their income on either. The middle class and poor probably spend 50-60 percent of their incomes after taxes on housing and transportation.
Think about it if you made between $50K-$60K a year and had no major housing or transportation expenses how long would it take for you to become set for life? In 15 years even never really increasing that income you could easily accumulate $450K+ in investments. If you could get a 4% dividend on that with no housing or transportation expenses you could live off the dividends for the rest of your life and retire at 33-35 years old. At that point compound interest on your investments would carry you for life.
Take that same person and factor in housing and transportation and more than likely they're either living a pretty meager lifestyle or barely keeping their head above water.
what you call theft is in reality the difference in education between producer and consumer
It costs McDonalds approximately $0.23 to make a McDouble. Yet it costs $1
Are they stealing? There are people in Alaska that i've known that effectively pay Zero to society at all and completely live off the land. No school, health care, "affordable housing" you name it.
the difference between the rich and the poor has zero to do with how much money they have at all.
The desire to be "set for life" is the lie. This is why I keep telling you its MENTAL slavery. Not economic. Until you can envision how you'd live MINUS society you will always be tethered to it as a consumer.
And consumers don't make money. Producers do.
Even the whole $450K in "investments" is a fat lie
the idea that dividends will take care of your for the rest of your life is ALSO a lie.You have to take the blinders off and realize you are consistently being SOLD all the time. Once you realize that you'll understand the proverbial line in the sand that exists across all economic and societal systems.
I also need to make this clear:
I was once in your shoes @winb83 I worked as an engineer at a large corporation making $90K before taxes and I left it all behind when I realized that I was in a box
I cleared $90K in revenue this past month. The key is understanding WHAT MONEY IS!
If you go your whole life believing money is a store of value as opposed to an EXCHANGE of value. You will consistently be on the wrong side of EVERY transaction
I can't stress this enough. There is a reason black people have suffered since the '60s and it has everything to do with financial miseducation.
I was once in your shoes @winb83 I worked as an engineer at a large corporation making $90K before taxes and I left it all behind when I realized that I was in a box
I cleared $90K in revenue this past month. The key is understanding WHAT MONEY IS!
If you go your whole life believing money is a store of value as opposed to an EXCHANGE of value. You will consistently be on the wrong side of EVERY transaction
I can't stress this enough. There is a reason black people have suffered since the '60s and it has everything to do with financial miseducation.
Except with no housing or transportation expenses it wouldn't be a lie. If your only necessary expenses are utilities, insurance, and taxes on a home and gas for your car and food you could probably live of $15,000 a year or less. At $450K in an investment portfolio with an average dividend of 4% yeah you could live off with. Your money would make you enough money to sustain you. There are companies, stable ones like Verizon, that will earn you over a 4% annual dividend. That completely ignores whatever capital appreciation the stock gets.Even the whole $450K in "investments" is a fat lie
None of that is a reality though because the truth is employees don't get paid enough by the companies they work for to ever overcome housing and transportation expenses. Many employees are kept at a living wage level when it comes to pay and many more are kept below that.
Those dividends I'm talking about living off of could go to those employee's paychecks but are instead diverted to shareholders who for the most part tend to be the wealthy.
A better question is why buy shares of stock. What do they do with your money?
How do they produce 4%?
Keep asking why, and you'll discover the real secret to wealth. I've already given you a ton of free knowledge in here.
It pains me to read stuff like this because throughout my life I heard:
"We Need More black businesses!"
"We CAN'T do it without access to capital"
"Only the rich can invest and start businesses"
people who work jobs REGARDLESS of their title are already doomed to poverty. Please take this to heart and really ask yourself why I'd say this (coming from a chemical engineer at that).
Your grand retirement plan is a trap concocted by those who want your money. Heed my warning!