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re: One reason why I am against the wage increase to $15/hour
Posted on 4/23/19 at 4:25 pm to RogerTheShrubber
Posted on 4/23/19 at 4:25 pm to RogerTheShrubber
quote:
How does accypumulated wealth prevent you from succeeding?
Are you suggesting that there is an infinite amount of $ out there?
quote:
You simply don't understand the world
If that were the case, then we wouldn't have the wealth gaps and inequalities around the world. Its not always just a "personal problem"/"work ethic"/"self determination" issue. Thats a rather intellectually lazy rhetoric argument to fall back on. Not sure why conservatives always fall on it. its void of any nuance or acknowledgement of marco level world economics, and how their resulting systems trickle down to either benefit or harm some populations.
there are people all over the world that will work 30x harder than I will ever work to make what I make in year. Is that because I 100% bc worked harder, was smarter than them, or partially because I was lucky enough to be born in the best country on this earth, which has systems in place for me to take advantage of so that I can earn much and work little?
I believe in myself and my abilities, and everyone should but lets not act like a partial factor in our success is the circumstances/systems/places in which we live. That doesnt mean that we dont have to work hard to be our best selves or that it will come easy or will be handed to us.
its easier to succeed coming from wealth in a wealthy country than coming from poverty in a wealthy country or coming from poverty in a poor country. If it was easy we'd all be millionaires.
This post was edited on 4/23/19 at 4:29 pm
2
Posted on 4/23/19 at 4:25 pm to The Spleen
quote:
my experience, employees not willing to invest in themselves are quickly culled in companies that invest in their employees.
Most companies like this aren't worth working for. You learn quickly, move on
Posted on 4/23/19 at 4:32 pm to StrongSafety
quote:
How does accypumulated wealth prevent you from succeeding?
Are you suggesting that there is an infinite amount of $ out there?
Bro...
Wealth creation isn’t a zero sum game. Is this even a question?
Think this through for a second....if the amount of wealth in the world was “fixed”, how would it be possible that there is more wealth floating around than 200 years ago? Or 2000 years ago?
This post was edited on 4/23/19 at 4:47 pm
Posted on 4/23/19 at 4:40 pm to StupidBinder
Speaking of wealth accumulation, this report claims that around 60% of this country's wealth was inherited. I haven't read the full report to endorse its conclusion, but it really wouldn't surprise me.
PDF link
PDF link
Posted on 4/23/19 at 4:42 pm to StrongSafety
quote:
Are you suggesting that there is an infinite amount of $ out there?
Well here's the first step of your education
It's not a zero sum game. Wealth is created and lost, most is on "paper" and isn't liquid. Go ask Jay Z to produce a billion dollars and he can't do it.
Wealth created does nothing to hinder those at the bottom. It's simply Marxist class warfare that teaches so
quote:
then we wouldn't have the wealth gaps and inequalities around the world.
One of the most overstated issues we have today.
This post was edited on 4/23/19 at 4:44 pm
Posted on 4/23/19 at 4:45 pm to The Spleen
quote:
Speaking of wealth accumulation, this report claims that around 60% of this country's wealth was inherited. I haven't read the full report to endorse its conclusion, but it really wouldn't surprise me.
Well, that wouldn’t surprise me either. But that probably only represents 1-5% of the population.
And again, does it really matter that rich people are handing down wealth to their kids if it’s not (and it’s definitely not) a zero-sum game? 80% of millionaires are first-generation wealthy. 8 out of the 10 richest Americans are first generation wealthy.
Posted on 4/23/19 at 4:55 pm to The Spleen
quote:
this report claims that around 60% of this country's wealth was inherited. I haven't read the full report to endorse its conclusion, but it really wouldn't surprise me.
Could be. It still doesn't stop a guy from his own success
I never inherited a dime, grew up poor. I've never struggled to find work, and a decent middle class life.
One of the great 1970s prophets wrote a song about this situation
Something for Nothing
quote:
No you don't get something for nothing
You dcan't have freedom for free
You won't get wise
With the sleep still in your eyes
No matter what your dream might be
What you own is your own kingdom
What you do is your own glory
What you love is your own power
What you live is your own story
This post was edited on 4/23/19 at 4:56 pm
Posted on 4/23/19 at 5:08 pm to RogerTheShrubber
Its easy to say that from our relative positions that wealth inequality isn't an issue.
Poor(er) and more uneducated people dont have nearly the same networks, opportunities, resources, connections that those that are more fortunate have. Doesnt mean they cant get it -- most will have to live a perfect life and make 100/100 correct decisions to do it. They can do it -- people do it every day. But its not as easy as we make it seem. If it were, we'd see less consumer debt, less failures, smarter fiscal decisions, and more people climbing the socioeconomic ladder. For some groups, that is rather stagnant right now.
Credit acquisition is a gateway to having access to wealth (granted that you can pay it back). Economic stats show that banks are disproportionately discriminatory towards some groups, when standardized for credit scores/wages/etc.
So they work just as hard and earn just as much, but because some lenders are just lazy bigots that have baseless, fruitless, and very intellectually stupid biases, they won't be granted access to the same credit lines or wealth opporunities.
and then we lazily fall back on "Well the creditor has the discretion to lend to who they want" which is just a lazy, weak defense for defending people to be their worst, intellectually stupid selves.
Poor(er) and more uneducated people dont have nearly the same networks, opportunities, resources, connections that those that are more fortunate have. Doesnt mean they cant get it -- most will have to live a perfect life and make 100/100 correct decisions to do it. They can do it -- people do it every day. But its not as easy as we make it seem. If it were, we'd see less consumer debt, less failures, smarter fiscal decisions, and more people climbing the socioeconomic ladder. For some groups, that is rather stagnant right now.
Credit acquisition is a gateway to having access to wealth (granted that you can pay it back). Economic stats show that banks are disproportionately discriminatory towards some groups, when standardized for credit scores/wages/etc.
So they work just as hard and earn just as much, but because some lenders are just lazy bigots that have baseless, fruitless, and very intellectually stupid biases, they won't be granted access to the same credit lines or wealth opporunities.
and then we lazily fall back on "Well the creditor has the discretion to lend to who they want" which is just a lazy, weak defense for defending people to be their worst, intellectually stupid selves.
Posted on 4/23/19 at 5:11 pm to StrongSafety
quote:
StrongSafety
Without reading anything else in this thread, I know that whatever you say will be completely wrong and vastly unfounded, as well as incredibly racist.
Posted on 4/23/19 at 5:15 pm to StrongSafety
quote:
So they work just as hard and earn just as much, but because some lenders are just lazy bigots that have baseless, fruitless, and very intellectually stupid biases, they won't be granted access to the same credit lines or wealth opporunities.
and then we lazily fall back on "Well the creditor has the discretion to lend to who they want" which is just a lazy, weak defense for defending people to be their worst, intellectually stupid selves.
Thomas sowell talks about this talking point
“The practice of not lending in some neighborhoods was demonized as “redlining” and the fact that minority applicants were approved for mortgages only 72 percent of the time, while whites were approved 89 percent, was called “overwhelming” evidence of discrimination by the Washington Post.
Some people are more easily overwhelmed than others, especially when they find statistics that seem to fit their preconceptions. But if we do what politicians and the media seldom bother to do – stop and think – an entirely different picture emerges.
In our personal lives, common sense leads us to avoid some neighborhoods. If you want to call that “redlining,” so be it. But places where it is dangerous to go are often also places where it is dangerous to send your money.
As for racial differences in mortgage loan application approval rates, that does not tell you much if you are comparing apples and oranges. Income, credit history and net worth are just some of the things that are very different from one group to another.
More important, in the same ways that blacks differ from whites, whites differ from Asian Americans.
The fact that whites are turned down for conventional mortgage loans, and resort to subprime loans, more often than Asian Americans do is seldom reported in “news” stories about lending practices, even though such data are readily available.
Shocking as it may be to some, lenders are in the business of making money, and they don’t much care whose money it is, so long as they get paid.”
Posted on 4/23/19 at 5:17 pm to StrongSafety
quote:
Its easy to say that from our relative positions that wealth inequality isn't an issue.
It's Marxist fodder
quote:
Poor(er) and more uneducated people dont have nearly the same networks, opportunities, resources, connections that those that are more fortunate have. Doesnt mean they cant get it -- most will have to live a perfect life and make 100/100 correct decisions to do it.
To do what? Be filthy rich or upper middle class?
quote:
They can do it -- people do it every day. But its not as easy as we make it seem.
You don't want to hear about t, but it's 100% on the individual.
quote:
If it were, we'd see less consumer debt, less failures, smarter fiscal decisions, and more people climbing the socioeconomic ladder. For some groups, that is rather stagnant right now.
Nah. Poor uses of credit is middle class greed, i.e. Consumerism and keeping up appearances, coupled with poor judgement. Hell, I'm watching people who swam across the Rio Grande 10 years ago now in the middle class
quote:
Credit acquisition is a gateway to having access to wealth (granted that you can pay it back). Economic stats show that banks are disproportionately discriminatory towards some groups, when standardized for credit scores/wages/etc.
Depends what kind of wealth you are talking about, and it highly depends on your own actions.
quote:
So they work just as hard and earn just as much, but because some lenders are just lazy bigots that have baseless, fruitless
Nah. Another emotional appeal.
,
quote:
and very intellectually stupid biases, they won't be granted access to the same credit lines or wealth opporunities.
Weird. Most black folks around here are homeowners living the American dream.
quote:.
and then we lazily fall back on "Well the creditor has the discretion to lend to who they want" which is just a lazy, weak defense for defending people to be their worst, intellectually stupid selves
Nah, if you've got decent credit, make decent money, you'll get loans.
Get a job, value the job, show up on time and you'll only make min wag for 6 months tops
This post was edited on 4/23/19 at 5:27 pm
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