You work your butt off, and a rich dude does nothing and gets rich - how?

[bryant.coleman]

Yup it's all luck, you sir are all correct.  85 people in this world have more wealth than 3.5 billion people, are just 'lucky'.  If you're in the backwater of Africa and Asia, all you need to do is pull up your bootstraps (oh wait can't afford said boots) and then encounter "luck".  

If you look closely, many of those 85 people in the list built their wealth themselves. I am not talking about the Arab Sheikhs who got rich by selling gas and oil, but about people like Sergey Brin and Mark Zuckerberg. They started from scratch, and made themselves rich.

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[Ozziecoin]

Yup it's all luck, you sir are all correct.  85 people in this world have more wealth than 3.5 billion people, are just 'lucky'.  If you're in the backwater of Africa and Asia, all you need to do is pull up your bootstraps (oh wait can't afford said boots) and then encounter "luck".  

If you look closely, many of those 85 people in the list built their wealth themselves. I am not talking about the Arab Sheikhs who got rich by selling gas and oil, but about people like Sergey Brin and Mark Zuckerberg. They started from scratch, and made themselves rich.

The people who are not on the list are the real wealthy people of the world. Like Gaddhafi before he was killed.

[JypsiCreme]

"Always do the right thang" - that's the only words from old Spike Lee movie I follow. And now matter who and how is becoming rich and how hard are you trying.

[Ozziecoin]

More interesting data:

Distribution of Wealth Across Individuals: Inequality Remains High
To determine how global wealth is distributed across households and individuals – rather than regions or countries – we combine our data on the level of household wealth across countries with information on the pattern of wealth distribution within countries. Our estimates for mid-2013 indicate that once debts have been subtracted, an adult requires just 4,000 US dollars in assets to be in the wealthiest half of world citizens. However, a person needs at least 75,000 US dollars to be a member of the top 10 percent of global wealth holders, and 753,000 US dollars to belong to the top 1 percent. Taken together, the bottom half of the global population own less than 1 percent of total wealth. In sharp contrast, the richest 10 percent hold 86 percent of the world’s wealth, and the top 1 percent alone account for 46 percent of global assets.

If we continue with FRB and QE, what do you think will happen to the top 10% versus the bottom 1%?!?

If we continued to INFLATE asset prices - why would the top 1% need to work at all?!?  The answer is: they don't!  They can sit on their assets and "manage".  Wake up people!  This is an absolute travesty and it's disgusting.

[efreeti]

More interesting data:

Distribution of Wealth Across Individuals: Inequality Remains High
To determine how global wealth is distributed across households and individuals – rather than regions or countries – we combine our data on the level of household wealth across countries with information on the pattern of wealth distribution within countries. Our estimates for mid-2013 indicate that once debts have been subtracted, an adult requires just 4,000 US dollars in assets to be in the wealthiest half of world citizens. However, a person needs at least 75,000 US dollars to be a member of the top 10 percent of global wealth holders, and 753,000 US dollars to belong to the top 1 percent. Taken together, the bottom half of the global population own less than 1 percent of total wealth. In sharp contrast, the richest 10 percent hold 86 percent of the world’s wealth, and the top 1 percent alone account for 46 percent of global assets.

If we continue with FRB and QE, what do you think will happen to the top 10% versus the bottom 1%?!?

If we continued to INFLATE asset prices - why would the top 1% need to work at all?!?  The answer is: they don't!  They can sit on their assets and "manage".  Wake up people!  This is an absolute travesty and it's disgusting.

I think you have it backward. Inflation hurt the wealthy as much as it hurt the poor.

In fact, I would argue inflation hurt them more as labor cost needs to adjust upward. Asset price appreciation will only mean higher tax.

[arbitrage001]

People who are at bottom have little to lose.

Last financial crisis is a shark eats shark event.

[Ozziecoin]

People who are at bottom have little to lose.

Last financial crisis is a shark eats shark event.

And now the sharks have more than recovered but not so the little guy on the street.

[Ron~Popeil]

People who are at bottom have little to lose.

Last financial crisis is a shark eats shark event.

And now the sharks have more than recovered but not so the little guy on the street.

The sharks got their bailout so the rest of us can keep our crumbs. You would think we little people would be more thankful.

[Ozziecoin]

That's right, the rich people are telling us WE MUST BE THANKFUL FOR BAILING THEM OUT!

[hodap]

That's right, the rich people are telling us WE MUST BE THANKFUL FOR BAILING THEM OUT!

It is always the few that rules the majority. Has it ever occur that a society that is ruled by the majority?

[Ozziecoin]

That's right, the rich people are telling us WE MUST BE THANKFUL FOR BAILING THEM OUT!

It is always the few that rules the majority. Has it ever occur that a society that is ruled by the majority?

No, but the technology now exists for this to occur. It's called bitcoin.

[jeffstern]

If this is the case, it is smarter to be rich.

Nevertheless, the statistics you are using are misinterpreted. Any rich person can be rich today and poor tomorrow. And it has become a lot easier to win and lose. Being rich at one time in your life doesn't guarantee you lifetime membership in the club of the rich. Actually, you start losing the day you feel nothing can harm your wealth. And immediately someone else takes the position.

[Ozziecoin]

Please read the first page jeffstern: https://bitcointalk.org/index.php?topic=621654.0

The rich are getting richer.

[Ron~Popeil]

Please read the first page jeffstern: https://bitcointalk.org/index.php?topic=621654.0

The rich are getting richer.

They are indeed. They insulate themselves by buying influence from corrupt governments. Your average wage slave has no access to government and even legal fees make it tough to get anywhere with the court system as well. 

[Ozziecoin]

Why are house prices so high? http://ozziecoin.com/?p=1514

[TaunSew]

Why are house prices so high? http://ozziecoin.com/?p=1514

Housing bubble = get quick rich scheme, fueled by cheap credit, from the idiot savante middle upper class who can't figure out a better way to acquire money.

[twiifm]

Why are house prices so high? http://ozziecoin.com/?p=1514

Housing bubble = get quick rich scheme, fueled by cheap credit, from the idiot savante middle upper class who can't figure out a better way to acquire money.

Bitcoin bubble = get quick rich scheme, fueled by an-cap paranoia, from the libtards who can't figure out a better way to acquire money.  

[ReserviorHunt]

Why are house prices so high? http://ozziecoin.com/?p=1514

Housing bubble = get quick rich scheme, fueled by cheap credit, from the idiot savante middle upper class who can't figure out a better way to acquire money.

Bitcoin bubble = get quick rich scheme, fueled by an-cap paranoia, from the ibtards who can't figure out a better way to acquire money. 

Funny how they are but two sides of the same coin.

[Ozziecoin]

But we don't pay interest to bankers with bitcoin. Removal of bankers from the equation is a plus in my book. Is there a good reason why we should persist with FRB that enriches the 1% and pay interest to bankers who create money out of thin air?  It's too ridiculous.

[TaunSew]

Why are house prices so high? http://ozziecoin.com/?p=1514

Housing bubble = get quick rich scheme, fueled by cheap credit, from the idiot savante middle upper class who can't figure out a better way to acquire money.

Bitcoin bubble = get quick rich scheme, fueled by an-cap paranoia, from the ibtards who can't figure out a better way to acquire money. 

Funny how they are but two sides of the same coin.

Except Bitcoin doesn't interfere with access to affordable shelter.

Imagine if water was commercialized and made a huge bubble and was priced out of the stratosphere that the only way to afford it would be debt?  Lol