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Originally posted by expat2368
This is what happens when all the wealth gets concentrated into the hands of such a small percentage of the population.
Read the works of the economist Ravi Batra. He sets out the whole thing and predicted it in the late '80's
Until people who are successful learn "stopping sense" and "how much is enough" it is a cycle that will plague societies of all kinds forever.
Originally posted by Biigs
I see this as one of the many looming problems thats about to errupt soon.
Would it be so bad if there was a max limit for personel wealth, before it becomes dangerous for the country that indevidual lives in due to the rich mans wealth respect and influence (also on the street side, celebraty value).
Once you hit 500m, is there really anything you cant do when you 'only' had 250m?
Besides buy a bigger island....
Contents 1 Causes 2 Pre-revolution 2.1 Financial crisis 2.2 Estates-General of 1789 2.3 National Assembly (1789) 3 National Constituent Assembly (1789–1791) 3.1 Storming of the Bastille 3.2 Working toward a constitution 3.3 Women's March on Versailles 3.4 Revolution and the Church 3.5 Intrigues and radicalism 3.6 Royal flight to Varennes 3.7 Completing the constitution 4 Legislative Assembly (1791–1792) 4.1 Failure of the constitutional monarchy 4.2 Constitutional crisis 5 War and Counter-Revolution (1792–1797) 6 National Convention (1792–1795) 6.1 Execution of Louis XVI 6.2 Economy 6.3 Reign of Terror 6.4 War in the Vendée 6.5 The guillotine as a symbol 6.6 Thermidorian Reaction 7 The Constitutional Republic: The Directory (1795–1799) 8 Symbolism in the French Revolution 8.1 Fasces 8.2 Liberty cap 8.3 Liberty Tree 8.4 Hercules 9 Role of women 9.1 Feminist agitation 9.2 Women writers 10 Legacy
Originally posted by Biigs
I see this as one of the many looming problems thats about to errupt soon.
Would it be so bad if there was a max limit for personel wealth, before it becomes dangerous for the country that indevidual lives in due to the rich mans wealth respect and influence (also on the street side, celebraty value).
Once you hit 500m, is there really anything you cant do when you 'only' had 250m?
Besides buy a bigger island....
What if you've done that, served your country, spent many years giving back to the community, and then had your government hand you a bill for tens of thousands of dollars because they 'didn't take enough tax off of your pay'.
Originally posted by Resinveins
reply to post by TheBandit795
Most people in the western world who are poor are poor because of a lack of financial education? Anything to back that up besides misguided opinion?
Many folks believe that poverty is caused by a lack of money. But that is merely the symptom, not the cause.
I believe that poverty may be caused by lack of opportunity, but is perpetuated by poor economic decision making.
The moral of the story? If you're bad with money you're going to be broke. Even if you win the lottery.
My first clue that it was my mentality that was holding me back was when I asked a friend who was well off if they wanted to do something that cost money. “I don’t have any money,” he told me.
“What are you talking about?” I said. “You have all kinds of money. What about the $300 you made last night?”
“That money is for rent. If I make a little extra money tomorrow we can hang out.”
I couldn’t believe my ears. Rent wasn’t due for two weeks. Besides, this guy was trying to tell me that he didn’t have any money and everyone knew that he was doing just fine. Why couldn’t he just spend that money now and use the money he made the next day for rent?
Compartmentalize Your Money
What my friend understood (and I didn’t) was that all money is not created equal. He gave every dollar a purpose from the minute he made it. I learned that if I was going to learn to keep more of my money, I would have to learn to compartmentalize it.
When each dollar has a purpose in its own compartment or category, it is free to pursue its intended goal. A good example is the difference between principal and interest in an investment. A person who doesn’t compartmentalize blends the two into one category: just plain money. Using this mentality, they might dip into the principal and diminish its power.
A savvy person knows that the principle is never to be touched. They might move the principle from one investment to another, but it will always remain invested. The interest, on the other hand, might be harvested as passive income, or reinvested. Principle and interests are two different types of money with different assigned values and barriers to access.
I believe that one way to show kids the relevancy of education is to teach them the language of money at an early age. To link education with aspirations, and to show kids how they can get rich, legally. That’s the power of financial literacy, or what I see as the first step in our growing “silver rights” movement, and the power of education too.
Without question, education is the ultimate poverty eradication tool, for when you know better you tend to do better. But financial literacy is the means by which one moves from simply avoiding the poverty trap to embracing a true prosperity agenda; for themselves, their families and their communities.
Prosperity as the partner to peace.
Please go to a poor section of a major city in the US .. gather the residents about you .. and explain to them how it's their financial ineptitude and lack of education that is the cause of their poverty.
And by all means lets ignore the fact that a teetering and broken economic system will limit all opportunity regardless of type. Or that as the economy worsens, more and more companies will be trimming jobs, the ones that haven't been outsourced yet that is. If they don't relocate all together.
Originally posted by EarthCitizen07
reply to post by TheBandit795
Your painting an overly white versus black picture. I don't think anyone can disagree with what your saying, but earning money and investing it wisely is one thing, and greed that leads to corruption of virtually every american institution is quite another.
Originally posted by EarthCitizen07
reply to post by TheBandit795
WOW! Your basically saying its ok to be a parasitic capitalist and take advantage of anyone you can because we don't yet understand spiritualism Please tell me I am not "reading" you correctly because I STRONGLY DISAGREE.
In fact it might be the reason why america turns socialist after 50 years of McCarthism and his witchunt of communists. And just in case you plan on insulting me by calling me a communist please read my avatar of *free market socialism*-basically centrism.
Originally posted by Resinveins
reply to post by TheBandit795
Ahh like I said.. anything but misguided opinion.. which you've just given me more.. misguided, ntm unrealistic opinion.
In any event you fail to see the true problem. "It's your fault". Interesting sentiment. Totally irrelevant as well. Whoever's fault this disproportionate distribution of wealth is, whether it's the "poor" for mishandling finances or the "wealthy" for being so overwhelmingly greedy and power hungry... doesn't matter. The divide exists.. and with every passing day it grows ever wider.. and with every passing day that divide makes maintaining a peaceful and relatively orderly society less and less tenable.
In a perfect world, telling people to save your money, be thrifty, let your money work for you.. or any other platitude you care to insert might have a snowball's chance in hell of succeeding, unfortunately that world only exists in dreams.
My point is this.. the tone of things is already violent. Very much so. And it's only getting worse. And I just cannot see a logical way.. a realistically logical way.. to fix the balance and defuse the situation and avoid some kind of major social upheaval. That is why I see this ending violently. Human nature will ensure that. And I really wouldn't want to be one of the wealthy on that day. The mob rules.. such is life.
Originally posted by EarthCitizen07
reply to post by TheBandit795
But above all its the politicians fault for not restricting lobbying to an appropriate level and the peoples' fault for being ignorant and/or complacent for so long. Its like a rape victim not making their intentions clear enough for the rape suspect.