Panicked super rich buying boltholes with private airstrips to escape if poor rise up

a reply to: kosmicjack

So, too, would I.

Personally, I'd buy a little South Pacific Island out of the usual storm tracks, and drink mi tais, and have a bevy of scantily clad serving maids...

But that's just me.

Let 'em eat pie.

originally posted by: boohoo

What all this means, is that there is a clearly defined age range, where family wealth has a greater influence over a persons ability to become a millionaire later in life, DUE to the increasing costs of starting up a successful modern business. If a Boomer, for example, started a hardware sales operation in the 1970's, that persona had a MUCH greater chance of becoming a millionaire, 30+ years later by 2014, than say an X'er starting a similar business in the 1990's or Millennial starting one in 2015.

In fact, Bank of America has published a white paper outlining EXACTLY what I have described. So even though the report is generated by a corrupt corporation, you can guarantee it has a certain degree of accuracy, due to the type of customers they are targeting with the message it contains. Its highly doubtful, that Bank of America would do poor research on one of their target, high income, customer demographics, most likely to generate profits and buy shares.

The studies title is:

"2013 U.S. TRUST INSIGHTS ON WEALTH AND WORTH Annual survey of high net worth and ultra high net worth Americans"

In the time you spent documenting your reason for being a failure you could have written a post for your own blog or done ANYTHING to help you make progress.

Instead, you write an essay on ATS trying to convince yourself why you can't be successful.

I have a close friend who started a blog in 2012 and now makes over $50k a month from writing blog posts and learning how to do SEO.

She started from zero. Had recently lost her job. Worked her ass off. Now she's wealthy.

a reply to: Jamie1

Not good enough. Geeze, they even have "Lucky" in the first title. These were short stories that told us nothing about what they started with, who they knew, and I will stick by my assertion regarding "regularity". These are one offs. They got lucky. It happens.

originally posted by: Jamie1
People in other cultures are taught to work hard, not complain. They are not taught that business owners are bad people, or that the rich are evil.

Nice indoctrination!

Shut up and don't complain, yeah all is nice and dandy. Well, you're welcome to stay ignorant and happy. You are way off in your comments in this thread, I expected more from you than flat out shallowness and misunderstanding

On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world's wealth by 2016.The charity said the research, published on Monday, showed that 52% of global wealth not owned by the richest 1% is owned by those in the richest 20%.

The remaining population accounts for just 5.5% of global wealth, and their average wealth was $3,851 (£2,544) per adult in 2014, Oxfam found.

www.bbc.com...

It really doesn`t matter whether it`s fair or unfair, right or wrong, moral or immoral, the only thing that matters is that this situation will inevitably lead to world wide rebellion,destruction, war and chaos.This level of wealth inequality is unsustainable.
In the end all that will have been accomplished is that instead of being the richest %1 in a world of progress,productivity and relative peace they will be the richest %1 in a septic tank of a world dominated by poerty,war,starvation,disease,chaos.

When it`s all over do they really believe that they will simple be able to crawl out of their bunkers and carry on like before? You can`t put the world through something like that and expect it to just blow over and go back to business as usual.The poor who survive will never forgive or forget anyone with any amount of money will always be a marked man.
Having wealth will forever be an automatic death sentence at the hands of the poor.
if they want to keep their wealth and their lives they will literally have to leave the planet.

of course as the world rebuilds extreme measures will be taken to ensure that it never happens again.capitalism will undoubtedly be outlawed, communism and socialism will be embraced by all countries and all people.
The greedy and wealthy are playing an extremely dangerous game, once the tipping point is reached there will be no turning back and no way to control the inevitable consequences.

originally posted by: Jamie1

Yes, this took me about 9 seconds using Google.

articles.latimes.com...

www.dailymail.co.uk... anicure-industry.html

Here's the difference.

People in other cultures are taught to work hard, not complain. They are not taught that business owners are bad people, or that the rich are evil.

Ha, Ha, Ha, you don't know anything about the nail business. These Vietnamese immigrants, that you cite, share resources among family to start businesses and buy property. I'm not going to go into full detail, but in a nut shell, the way they do this, is EXACTLY the same way Jeff Bezos started Amazon, they ask a relative for a loan, job training and/or a personal favor. Also, if you didn't know, the same thing goes for immigrant owned Donut, Liquor and Smoke shops.

How do I know this you ask? I married a Vietnamese person with a family nail business. NONE of these immigrants get off the plane with nothing in their pockets and nowhere to go, NONE. Extended family ALWAYS takes them into their homes and businesses. Then 10 years later after saving up and learning the ropes, they go and start their own business, then claim to the media "I came here with nothing". Conveniently leaving out the details that they paid for no food or rent during the first year living in the US and then later got a "family loan" to get started opening their own business a few years later, AFTER they learned how the business was run, with a LOT of help from family teaching them along the way.

Americans simply don't have this kind of inter-family support system, never have and never will, because they are brainwashed morons. I know first hand because I came from one of those "idiot American" brainwashed families that are still broke to this day. When I got to experience how Asians do things, first hand, I was amazed how stupid American families are in contrast, "boot strapping" their way into poverty, while kicking kids out of the home at 18, that don't know how to survive.

Thanks for supporting my above comment Jamie1, bet you didn't see that coming.

I agree with you to a point. However, the fallacy in your thinking is that you are implying that you aren't successful unless you are worth hundreds of millions of dollars or billions.

For most people, being successful is the house in burbs, 2.5 kids, and white picket fence. Simply being able to work in your chosen career and earn a decent living is being SUCCESSFUL. Basically being a middle class Joe. It doesn't take rich parents to accomplish this goal.

I look at myself where I was the first to graduate college (and grad school) and have a solid 1 or 2% income. I'm well on my way to being a millionaire. My grandfather was an illiterate share cropper and line cook. My grandmother a hair dresser. My father a cop and my mother a secretary. They knew education was important and pushed it on me. Through hard work and focus, I managed to work my way up to where I am now. I know quite a few people who have done the same. it wasn't that difficult.

I always wanted to run my own business, but much like your post posits, I figured out I simply did not have the resources to start my dream corporations. I did start some smaller businesses and my current business is reasonably successful, but I didn't have the connections to say get a $2 million loan from Mom & Dad in angel funds or heck even $100k in my early 20s. Even though I could theoretically do so now, I have a lot more at risk so I don't know that it is feasible.

The reality is that poor people do things that keep them poor and successful people do things that make them successful. Poor who emulate successful people (hard work, valuing education, etc) usually will see themselves rise out of poverty into the middle class or at bare minimum, their children will do so as has been shown by generations of poor people moving to America and other capitalist countries for the opportunity.

Bottom line is if you can't make it in America, you are phucking loser as far as I am concerned. Seriously. I'm not saying you will be filthy rich, but you can certainly put food on the table.

originally posted by: boohoo

originally posted by: Jamie1

Yes, this took me about 9 seconds using Google.

articles.latimes.com...

www.dailymail.co.uk... anicure-industry.html

Here's the difference.

People in other cultures are taught to work hard, not complain. They are not taught that business owners are bad people, or that the rich are evil.

Ha, Ha, Ha, you don't know anything about the nail business. These Vietnamese immigrants, that you cite, share resources among family to start businesses and buy property. I'm not going to go into full detail, but in a nut shell, the way they do this, is EXACTLY the same way Jeff Bezos started Amazon, they ask a relative for a loan, job training and/or a personal favor. If you didn't know the same thing goes for immigrant owned Donut, Liquor and Smoke shops.

How do I know this you ask? I married a Vietnamese person with a family nail business. NONE of these immigrants get off the plane with nothing in their pockets an nowhere to go, NONE. Extended family ALWAYS takes them into their homes and businesses. Then 10 years later after saving up and learning the ropes, they go and start their own business then claim to the media "I came here with nothing". Conveniently leaving out the part that they paid for no food or rent during the first year in the US and later got a "family loan" to get started opening their own business a few years later, AFTER they learned how the business was run, with a LOT of help from family teaching them along the way.

Americans simply don't have this kind of inter-family support system, never have and never will, because they are brainwashed morons. I know first hand because I came from one of those "idiot American" brainwashed families that still broke to this day. When I got to experience how Asians do things, first hand, I was amazed how stupid American families are in contrast, "boot strapping" their way into poverty, while kicking kids out of the home at 18, that don't know how to survive.

Thanks for supporting y above comment Jamie1, bet you didn't see that coming.

There is nothing stopping Americans from doing the same. You literally just proved Jamie's point. Your real point is that American's won't sacrifice to be successful and want everything handed to them.

originally posted by: Edumakated

There is nothing stopping Americans from doing the same. You literally just proved Jamie's point. Your real point is that American's won't sacrifice to be successful and want everything handed to them.

You still don't get it, it takes FAMILY EFFORT, to find real success today. Not one, lone, ambitious person. The fact that you don't understand my point, only further proves your ignorance about how money is really made in the USA.

Could you move to a city, RIGHT NOW, TODAY, 100 miles away from where you are living now, stay with family for free, for a year, working in their private business, learning it, until you can start your own location and THEN ask them for a loan to start your own?

Many immigrants can do this and I'd argue, few natural born Americans have the same options.

IBM cutting 111,800 of its staff.

IBM just hired 6,190 H-1B foreign workers from India last year.

Good luck finding a better job they are being exported overseas.

originally posted by: Jamie1

originally posted by: infinityorder


Nobody demands everyone gets paid the same...they demand to make enough for food and shelter when they work 40 hours.

Then maybe they should get more education, more experience, and more skills so they can provide more value and get paid more money.

You are a little out of touch with the real world aren't you? If everyone went to college got an education there would still be poor people simply because there isn't enough high paying jobs for all those college educated people. So there would still be people working low paying jobs even if they did have higher education. Like the old saying goes the world needs ditch diggers too.

originally posted by: boohoo

originally posted by: Edumakated

There is nothing stopping Americans from doing the same. You literally just proved Jamie's point. Your real point is that American's won't sacrifice to be successful and want everything handed to them.

You still don't get it, it takes FAMILY EFFORT, to find real success today. Not one, lone, ambitious person. The fact that you don't understand my point, only further proves your ignorance about how money is really made in the USA.

Could you move to a city, RIGHT NOW, TODAY, 100 miles away from where you are living now, stay with family for free for a year and work in thier private business, learning until you can start your own location, THEN ask them for a loan to start it all?

In other words, life is not fair so there is no use in you trying to compete. That is essentially what you are arguing.
I had a friend who had everything handed to him in life and he blew it. Then I know people who have basically nothing but their own ambition and drive who wind up being successful. I also know people who started off on third base. All you can do is play the cards you are dealt. Sometimes you will win, sometimes you will lose.

originally posted by: buster2010
If everyone went to college got an education there would still be poor people simply because there isn't enough high paying jobs for all those college educated people. So there would still be people working low paying jobs even if they did have higher education. Like the old saying goes the world needs ditch diggers too.

Isn't it amazing how few Americans believe in this reality.

Basically we have TOO many people being born and not enough desire on the behalf of the “owners of capital” to employ them all for the sake of having a stable and safe civilization to live in day to day. The Owners of Capital want more people born, not simply for “growing the future tax base”, but for the true purpose of DECREASING overall wages for everyone. More people MEANS less jobs and pay per person, affecting even the educated and highly skilled. I'd also argue that taxing those without kids is a subconscious way to influence the birth of more kids, by punishing those whom are abstaining from having kids in their own best FINANCIAL interests, while also not giving in to the desires for increased population, coveted by both government and large corporations.

How is this possible, you ask?

Because its easier to “pay less” or “nothing at all” to contracted or indentured “labor” when there is another willing laborer/slave waiting in the wings to do the work for less or nothing at all. Its actually quite simple, if those not in the 1% refused to get married or have babies from here on out & block any future immigration, the 1% would very quickly need to raise wages. Otherwise nothing the 1% want to get “worked on” would ever get done. When low-wage/low-skilled labor becomes scarce in the larger market, wages go up.

In the past, when there wasn’t enough money to go around to pay both wages & PROFITS the “owners of capital” simply brought in more indentured servant immigrants (Irish, Italians, Chinese, etc) or used flat out slave labor (Blacks, Native Americans, domestic prisoners, POW’s, etc). The only difference between now and then is that “owners of capital” can’t LEGALLY have slaves or indentured servants anymore, BUT they do have the same pressures as before, to keep their high wages flowing and laborers working, even when there isn’t enough “PIE” to go around to pay those laborers for services rendered. The mechanisms today that replaces slaves and indentured servants are the following: longer than needed formal education for basic employment, off-shoring of labor, forced retirement, prisoners and welfare.

Guess when one of the largest “recorded” wage increases happened in history for, non-land owing, wage-laborers, post the introduction of fiat currency?

Any ideas?

I’ll tell you, it was after the black death pandemic in the 14th century, especially in post-pandemic England.

How is that possible?

Because “the owners of capital”, post-black-death-pandemic still needed wage-laborers, but there was a HUGE shortage of able bodied people, so, in order for ANY work to get done they had to pay the peasants and other undesirables more, SIGNIFICANTLY MORE. This principle is still at work today, when you take the time to recognize that portions of the population are actively discouraged from participating in the full-time labor market. This is easily done, by throwing people in prison, forcing them to attend formal school longer and allowing more people to claim themselves as disabled or collect long/short term welfare. The next obvious step for government to further reduce the number of people participating in the full-time labor market is to allow them easier access to welfare or as some have been recommending lately, a guaranteed minimum wage or allowance that everyone gets, without having to provide labor to an employer first. This above noted cohort of non-participants, collecting a base amount of guaranteed welfare/allowance, will likely keep wages stable for those whom are still working full-time. If all people capable of working full-time, entered the job market simultaneously, wages would crash and to a certain extent have, as of 2014.

Contrary to popular, academic and authoritative opinions, history has already proved my above inference to be VERY effective against the quest of the 1% to drive down wages. Hence, if those NOT in the 1% refused to get married and/or have babies from here on out & aggressively blocked any future immigration, both legal and illegal, the 1% would very quickly need to raise wages for non-land owing/peasants/undesirables/wage-laborers, etc. Otherwise nothing the 1% want to get “worked on” would ever get done. When low-wage/low-skilled labor becomes scarce in the larger market, wages go up, FOR EVERYBODY. For us the peasants, “self induced labor shortages” is one of the few ways to get the “owners of capital” to pay more for services rendered. The formation of Unions also has a similar effect, but Americans have already voted against their interests in that respect. All they have left now, to negotiate with, is making less babies and stopping both legal & illegal immigration. Look no further than modern Germany, if you have doubts, which has both very strong labor unions and a birth rate of 1.36 children per woman, the lowest in all of Europe.

Its ALL about overabundance of labor on the market and the ability of the 1% to artificially drive down wages of the 99%. When the Black Death came about and wiped out “excess labor”, the 1%’ers of the day somehow found “extra money” to pay said labor, for services rendered. Which means it was always available and wages could have been higher previously, but instead the 1%, of the day, chose to play the game, “pit the desperate against each other”.

During the French Revolution, from 1789 to 1799, birth rates fell dramatically and during the earlier Peasants Revolt, of 1381, not surprisingly, having had roots in the aftermath of the Black Death, also experienced a much lower birth rate than previously. In fact, it can be argued that the Peasants Revolt was triggered by the “Statute of Labourers 1351″. Where the sustained wage growth for non-land owing, wage-laborers was rising so quickly that the English parliament, a few decades post the Black-Death, under King Edward III, introduced the “Statute of Labourers 1351″, which was used by the “Owners of Capital”, as an artificial means to drive down the wages of non-land owning peasants. Despite market conditions signalling the need for increased wages.

The Statute of Laborers; 1351 (“Statutes of the Realm,” vol. i. p. 307.)

There has ALWAYS been an economic system at work in the USA that limited the number of able bodied workers whom would be PAID and those whom WOULD NOT be paid. The “owners of capital” learned their lesson about labor shortages following the “Black Death” and figured out from that day forward, how to keep wages down and the number of potential available laborers at maximum levels, while forcing those desperate workers to compete for scarce available “paid labor” positions.

originally posted by: muse7
For some reason I doubt they'll make room for their white knights on this website that defend these cockroaches.

Yeah well some of us 'white knights' can take care of ourselves.

We don't need government' 'benevolence' to feed us,cloth us, educate, us, and give us free healthcare, and other free stuff.

We can fight our own battles.

I ain't too worried since the mob depends on government for their existence.

'Revolution ' requires hard work,SACRIFICE. and other traits the mob sorely lacks.

Hell it would be a taste of reality like when westerners that believed in the 'righteous' cause of ISIS got a good dose of it.

originally posted by: buster2010

originally posted by: Jamie1

originally posted by: infinityorder


Nobody demands everyone gets paid the same...they demand to make enough for food and shelter when they work 40 hours.

Then maybe they should get more education, more experience, and more skills so they can provide more value and get paid more money.

You are a little out of touch with the real world aren't you? If everyone went to college got an education there would still be poor people simply because there isn't enough high paying jobs for all those college educated people. So there would still be people working low paying jobs even if they did have higher education. Like the old saying goes the world needs ditch diggers too.

Unemployment among college grads is 2.9%. Let's not let facts get in the way of the liberal propaganda.

Unemployment

Does that mean if you go to college you are going to get your dream job? No, but unless you really make some bad decisions, there is no reason you can't find a job, any job; and it certainly will be paying more than minimum wage.

Heck, even with unemployment overall being at 6% means that only 6 people out of 100 aren't working. So again, unless you aren't willing to do what you need to do to get a job, there is no reason to be unemployed if you are able bodied.

originally posted by: Edumakated
In other words, life is not fair so there is no use in you trying to compete. That is essentially what you are arguing.
I had a friend who had everything handed to him in life and he blew it. Then I know people who have basically nothing but their own ambition and drive who wind up being successful. I also know people who started off on third base. All you can do is play the cards you are dealt. Sometimes you will win, sometimes you will lose.

You didn't answer my question. We were talking about how Immigrants find success. I explained how they do it.

Also, why I assume I am not successful? Can you not, read between the lines? Remember when I said:
I married a Vietnamese person with a family nail business.

Americans, on the other hand, simply don't have this kind of inter-family support system, never have and never will, because they are brainwashed morons. I know first hand because I came from one of those "idiot American" brainwashed families that are still broke to this day. When I got to experience how Asians do things, first hand, I was amazed how stupid American families are in contrast, blindly, "boot strapping" their way into poverty, while kicking kids out of the home at 18, that don't know how to survive and were not taught how to either.

So back to my point,

Could you move to a city, RIGHT NOW, TODAY, 100 miles away from where you are living now, stay with family for free for a year and work in their private business, learning until you can start your own location, THEN ask them for a loan to start it all?

originally posted by: theMediator

originally posted by: Jamie1
People in other cultures are taught to work hard, not complain. They are not taught that business owners are bad people, or that the rich are evil.

Nice indoctrination!

Shut up and don't complain, yeah all is nice and dandy. Well, you're welcome to stay ignorant and happy. You are way off in your comments in this thread, I expected more from you than flat out shallowness and misunderstanding

All while she ignores the fact Americans have one of highest work ethics in the world, one of the highest worker productivity ratings in the.....screw it like she will listen anyways.....

Americans that aren't rich are just stupid and lazy...just ask her.

originally posted by: Edumakated
Heck, even with unemployment overall being at 6% means that only 6 people out of 100 aren't working. So again, unless you aren't willing to do what you need to do to get a job, there is no reason to be unemployed if you are able bodied.

It seems some has not taken the time to read my above explanation:

This principle is still at work today, when you take the time to recognize that portions of the population are actively discouraged from participating in the full-time labor market. This is easily done, by throwing people in prison, forcing them to attend formal school longer and allowing more people to claim themselves as disabled or collect long/short term welfare. The next obvious step for government to further reduce the number of people participating in the full-time labor market is to allow them easier access to welfare or as some have been recommending lately, a guaranteed minimum wage or allowance that everyone gets, without having to provide labor to an employer first. This above noted cohort of non-participants, collecting a base amount of guaranteed welfare/allowance, will likely keep wages stable for those whom are still working full-time. If all people capable of working full-time, entered the job market simultaneously, wages would crash and to a certain extent have, as of 2014.

a reply to: infinityorder

I'm as right wing and conservative as they come but even I must agree there are no good paying jobs out there for kids graduating from high school and college. Everybody I know are working multiple jobs just to survive! I have never seen so many empty buildings everywhere I go available for lease.
I have a feeling this economy is going to come crashing down hard because of the long term affects of corporate and political greed. Corporations are getting away with murder,govt spending is way out of control yet we the people have to live within our means something's got to give!

a reply to: Jamie1

Not my experience. I was a certified nurse aide for 18 years. Took all the courses, continuing courses, and helped old, sick people that the rich don't want. We got dime raises every couple of years, all the aides, not just me. But management got "bonuses" of thousands. I don't know what is like in rich areas like the east coast, but the experience for the rest of the country for aides. This was from 1990 through 2008.