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Post Reply Is it no longer a big deal to be a millionaire?
Posted 8/8/15

biscuitnote wrote:


People are not equal in skill and ability and wages reflect that.


Yeah , but that doesn't account for the multi-billionaires who don't stimulate the economy enough, and the lower/middle class who can't. And the fact that the average CEO makes like 50x that of an average worker.
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Posted 8/8/15
Give me a million dollars and i guarantee you. No one will ever forget me, i'll give the president a phat check to let me poop at one of his speeches right on stage. they can fake arrest me too and i'll be on the news the next day talking about "aliens made me do it." And then i'll pay the news company to put up some fake alien stories and stuff as a prank hue hue :3
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Posted 8/8/15

AiYumega wrote:


biscuitnote wrote:


People are not equal in skill and ability and wages reflect that.


Yeah , but that doesn't account for the multi-billionaires who don't stimulate the economy enough, and the lower/middle class who can't. And the fact that the average CEO makes like 50x that of an average worker.


Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.
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Posted 8/8/15

Nobodyofimportance wrote:

base salary for a congressman is 174,000 per year.

Assuming they can save 50,000 of that per year, the time it takes to be a millionaire is 1,000,000/50,000 = 1000/50 = 100/5 = 20 years, with no interest or inflation.(keeping the math easy) What that basically says, is that every person who's been in congress for 20 years has practically no excuse not to be a millionaire.

Some professions, like say, medical doctors, can get paid $500,000 or $1,000,000, in a single year. They are certainly working. Something like 47% of millionaires own their own businesses 23% by being paid to work and 16% inherited it.
https://en.wikipedia.org/wiki/Millionaire

I've also heard that people who inherit money tend to squander it within about three generations.
Anyway, if you want money, start a successful business.


People in congress are definitely millionaires. Most people in politics make good money and come from or marry into well-off families.
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Posted 8/8/15

Em0SceneStabr wrote:

Give me a million dollars and i guarantee you. No one will ever forget me, i'll give the president a phat check to let me poop at one of his speeches right on stage.


Obama has a net worth of 7 million.
Posted 8/8/15

biscuitnote wrote:

Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.


I'm not saying burger flippers, I'm saying the average office worker, who has a college degree, and is in a specific field. They get outpaid by the same amount by these CEO's.
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Posted 8/8/15

biscuitnote wrote:


AiYumega wrote:


biscuitnote wrote:


People are not equal in skill and ability and wages reflect that.


Yeah , but that doesn't account for the multi-billionaires who don't stimulate the economy enough, and the lower/middle class who can't. And the fact that the average CEO makes like 50x that of an average worker.


Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.


Sure and great punishment when they f-up. look at enron... oh wait.

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Posted 8/8/15

AiYumega wrote:


biscuitnote wrote:

Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.


I'm not saying burger flippers, I'm saying the average office worker, who has a college degree, and is in a specific field. They get outpaid by the same amount by these CEO's.


A degree doesn't guarantee any level of employment. In fact, it doesn't guarantee employment at all. You have to work for that, and yes, people in CEO positions work for their pay. They might cut corners and not want to support the economy to the fullest, but the bottom line is that they create the economy in the first place. There would be no economy without them. If you have a degree and you're working an office job making minimum wage, that's your own fault. There are economic factors at play all the time, sure, but you can't blame everything on the economy or the people in charge.
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Posted 8/8/15
I know millionaires who live in homes that looks poor, lol.
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Posted 8/8/15

AiYumega wrote:

There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.


I've got millionaires on my street in the UK, there's many others in the neighbourhood too. That's middle class now.
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Posted 8/8/15 , edited 8/8/15
It's no longer as big of a deal due to general inflation, but it's still a lot of money. There are plenty rich people who worked to acquire their riches. They started from not much and climbed their way up. Those are the people I consider to more likely be sensible with their money, since they know what it's like not to have much of it. These types of people usually have a few million, but they aren't swimming in hundreds of millions. They are usually somewhat frugal and know what not to do to look rich and arrogant.

Everyone except the poor and perhaps lower-middle class should be taxed the same percentage.

Wealth gaps aren't a new thing, and neither are low-end jobs. Almost all societies in all eras have had jobs that are considered lower class and not deserving of as much pay. Job openings are obviously limited as well and are dictated by demand. A restaurant might only need one or two managers but require twelve servers, three janitors, and five part-timers or something. They aren't going to just have twenty managers and nothing else. Once a prime spot gets taken, you need to look for another opening. People will rush for those better job openings and the person with what appears to be the best credentials and/or connections gets in. Not everyone gets to be a winner, and some people can't even work no matter how much they want to because demand has been satisfied.

The only way to get rid of the gap seems to be offering less dissimilar pay no matter what the job is, but then nobody will want to do stuff that takes lots of technical skills and knowledge.
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Posted 8/8/15

papagolfwhiskey wrote:


biscuitnote wrote:


AiYumega wrote:


biscuitnote wrote:


People are not equal in skill and ability and wages reflect that.


Yeah , but that doesn't account for the multi-billionaires who don't stimulate the economy enough, and the lower/middle class who can't. And the fact that the average CEO makes like 50x that of an average worker.


Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.


Sure and great punishment when they f-up. look at enron... oh wait.



Are you seriously suggesting every company is run like enron?
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Posted 8/8/15

AiYumega wrote:


biscuitnote wrote:

Salaries are determined by the level of intelligence and contribution to a organization. A CEO is responsible for hundreds of thousands of workers and a companies future not to mention they put in long stressful hours. Sure there compensated well but if they screw up thousands could lose there jobs. A minimum wage burger flipper is paid according to his or her contribution to the company.


I'm not saying burger flippers, I'm saying the average office worker, who has a college degree, and is in a specific field. They get outpaid by the same amount by these CEO's.


Office workers is a broad category but they to are paid what they bring to the company. The weight of the entire company is not on there shoulders.
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Posted 8/8/15

biscuitnote wrote:


Are you seriously suggesting every company is run like enron?


No. I'm stating outright that those well paid RESPONSIBLE people are not held accountable for their responsibilties

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Posted 8/8/15

papagolfwhiskey wrote:


biscuitnote wrote:


Are you seriously suggesting every company is run like enron?


No. I'm stating outright that those well paid RESPONSIBLE people are not held accountable for their responsibilties



Enron was a SCAM not a legitimate business. Practically every business exists to provide a service to the customer nothing more nothing less.
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