Why we love the rich and hate the poor

[botany]

because you think they deserve it, instead the poor are stupid or something, instead they are just not lucky enough

Way too legit. This upsets rich people, they think are special butterflies when they are just lucky.

Not all the rich people were lucky and not all the poor people were unlucky, the skill also matters.

tell me more about the skill of the sons of the rich guy, there aren't new rich guys, we are talking about the established one, those are all lucky

A person with a lot of skills can teach his skills to his son, and be a good roll model to him so his son can understand the value of hard work and perseverance.

There are a lot of family businesses when the children ran the business that the parents used to run because the parents were able to give their children enough exposure to the ins and outs of how to properly run the business and taught them the skills necessary to do so.

Wealthy family in general do not keep the wealth for more than a few generation. Wealthy kids tend to be spoiled and parents having marriage problems which keep propagating into future generation.

You always have the option of setting up foundations/ trusts and leave the management of these trusts to professionals. Just give the descendants a portion of the returns from the trust. The descendants cannot ruin the corpus, but receive enough to live a comfortable life.

[Timetwister]

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

Democracy sucks. I wonder who would win if everyone got a number of votes in proportion to how much they have paid in direct taxes.

[Timetwister]

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

Democracy sucks. I wonder who would win if everyone got a number of votes in proportion to how much they have paid in direct taxes.

You would be back to the 1500s - the era of kings and queens. 

Why do you think that? People that pay a lot of taxes want less government interventionism (unless they are crony capitalists), not more.

[meadefreling]

A friend of mine always says "if life was a thing that money could buy, the rich gonna live and the poor gonna die , for a living dog is better than a dead lion''. it simply denotes that the rich get their way in relation to government and its provisions but the reverse is the case for the poor. 

[zimmah]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

[Timetwister]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

It's much higher because they produce much more (as long as it's a free market, not a hampered one).

[vlad12]

Ya... sucks to be rich. I guess you just have to cry yourselves to sleep in your huge mansions on top of piles of money.

[obocaman]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

It's much higher because they produce much more (as long as it's a free market, not a hampered one).

Yeah but its still a joke. Most rich people i've ever meet are fund babbies. You have to be really stupid to fuck it up once you inherit.

[wasserman99]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

47% of people in the US do not pay any federal income taxes. This is the bottom of the barrel when it comes to incomes. If you want to talk about people needing to pay their fair share of income taxes then how is it fair that the lazy do not have to pay any taxes while the hardworking and successful need to pay upwards of 1/3 of their income in taxes.

[Timetwister]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

It's much higher because they produce much more (as long as it's a free market, not a hampered one).

Yeah but its still a joke. Most rich people i've ever meet are fund babbies. You have to be really stupid to fuck it up once you inherit.

If they don't invest their money properly, they will lose it. It may take some decades, or even some generations, but they will lose it in the end if they don't invest it well.

[Gumbork]

you should compare the tax they pay to their income, not to the amount of people paying it.

because their income is WAY higher than the tax they pay.

It's much higher because they produce much more (as long as it's a free market, not a hampered one).

Yeah but its still a joke. Most rich people i've ever meet are fund babbies. You have to be really stupid to fuck it up once you inherit.

Actually, most fund babies lose their money pretty fast. Just because they get the money for free they think its easy..

[LitecoinBoss]

Its just how the world go round.

[johnyj]

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

It works like this: I print 1 billion dollar for myself, hand in 1 million to government as tax, register an income of 2 million dollar, so that I have a tax rate of 50%. And I complain that the tax is too high  

Most of the rich people do not get their income through working, but money printing, directly or indirectly, depends on how close they are to the FED and large commercial banks

[Bonam]

47% of people in the US do not pay any federal income taxes. This is the bottom of the barrel when it comes to incomes. If you want to talk about people needing to pay their fair share of income taxes then how is it fair that the lazy do not have to pay any taxes while the hardworking and successful need to pay upwards of 1/3 of their income in taxes.

Because they earn so little (or nothing) to begin with. If you took money from them in tax, you'd just end up spending that same money back on them in social programs anyway.

[pikabit]

Because of failo effect from poor people and halo effect from rich people.

[gts476]

Wealth accrued in a free market may only be accrued by pleasing customers as trade is voluntary.

So then the more money you have the more people you have pleased!

Wealthy = lots of money = lots of people pleased = lots of people like you.

Poor? = no money = no people pleased = you suck, up your game.

[Timetwister]

Wealth accrued in a free market may only be accrued by pleasing customers as trade is voluntary.

So then the more money you have the more people you have pleased!

Wealthy = lots of money = lots of people pleased = lots of people like you.

Poor? = no money = no people pleased = you suck, up your game.

That's false. Money doesn't automatically make more money. Only money well invested, to please customers while making a profit, will make you richer. Take a look at a Forbes list from 30 years ago, and you'll find that you don't even know the majority of them.

Poor people can win money like anyone else, working and investing properly.

[gts476]

Wealth accrued in a free market may only be accrued by pleasing customers as trade is voluntary.

So then the more money you have the more people you have pleased!

Wealthy = lots of money = lots of people pleased = lots of people like you.

Poor? = no money = no people pleased = you suck, up your game.

That's false. Money doesn't automatically make more money. Only money well invested, to please customers while making a profit, will make you richer. Take a look at a Forbes list from 30 years ago, and you'll find that you don't even know the majority of them.

Poor people can win money like anyone else, working and investing properly.

I think you missed what I was putting across. I said nothing about money making money. I am simply equating that someone is wealthy if they have a lot of money (or a high net worth as measured in money).

[furlong]

Because people is desperate and want to befriend the rich to get some benefits.

[jjacob]

47% of people in the US do not pay any federal income taxes. This is the bottom of the barrel when it comes to incomes. If you want to talk about people needing to pay their fair share of income taxes then how is it fair that the lazy do not have to pay any taxes while the hardworking and successful need to pay upwards of 1/3 of their income in taxes.

Because they earn so little (or nothing) to begin with. If you took money from them in tax, you'd just end up spending that same money back on them in social programs anyway.

You do take away money from them...in the form of sales tax and other indirect taxes.