What are your thoughts on this article about the wealthy in the US?

What are your thoughts on this article about the wealthy in the US?
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1 Answer

Answer :

Not much. I’m pretty tired of hearing about the evils of wealth.
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If you are content with where you are economically, would you refuse or reject becoming rich or wealthy?

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Last Answer : As I am not content, then no, I would not reject wealth. I would accept more money. I find it hard to believe that many would reject this if it was just handed to them, not that I’m trying to justify my filthy, selfish self, mind.

If everyone were super wealthy would there still be stealing and robbing?

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Last Answer : Oh fuck yeah.

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Last Answer : answer:My great uncle is incredibly rich. He owns a company that makes artificial hearts, one that makes exercise equipment and a couple other that I forget what they do. He will still bend over ... it, he actually understands the value of money unlike some other rich people who grew up rich.

Is Black Friday for those who are not wealthy?

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If everyone was rich and wealthy who would make the sandwiches?

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Last Answer : I guess if you pay everyone the same folks would just do what they fancy or go where the work was. There is the argument that no one would train for the ‘harder’ stuff like being a doctor, for example, when they could earn the same polishing shoes – but then you would know it truly was a vocation.

How would you attempt to become rich/ wealthy?

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Last Answer : Win the lottery.

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How wealthy must you be to hire a financial planner?

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Last Answer : I say if they earned it, they can keep it.

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Last Answer : There was an article in the NY Times recently about how hackers can drain your entire bank account via Bitcoin. I’d never do something like Bitcoin for that reason. Not that any other type of banking is 100% safe but Bitcoin is one more way your info is out there waiting for you to get fucked.

What are your thoughts on this quote?

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Last Answer : Love ya, Oscar, but I know a lot of people who have to use quite a bit of imagination to manage to live within their means.

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Last Answer : I know a lot of people really believe it and I’d love to, but if it were true, I’d be attracting non-crazy, kind, positive people, amongst other things.

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Last Answer : It’s down 600ish now. So. Yeah.

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For all those in other countries - Is your government issuing anything like US stimulus checks as part of a pandemic relief plan?

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Last Answer : Canada has, it was called the cerb it was 2 grand a month for five months, but fully taxable meaning you will pay tax on the money.

What is the average income in your state and county in the US do you need to live "comfortably"?

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Last Answer : I'm not in economics, but I figure the answer to this question is highly variable: region to region, state to state, county to county. I currently live in a rural area and the average income to live ... urban area of the same state. I'm not sure how precise a number we can get to this question.

A fb friend wrote "you need a net worth of $2.4 million in the US to be considered rich" what do you think?

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Last Answer : I'll never be rich, then. It's an arbitrary number. Not really meaningful. So much depends on your age and your needs and tastes. I don't need a mansion and a fast car and a country club ... the more I think about the question, the more simplistic it appears to be. Like money can buy satisfaction .

Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Description : Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Last Answer : Just deposit it in your bank. No need to go to the P.O.

If 85% of the US population ended up using bicycles like some other nations, would people start defining status by the bike you rode like they do the vehicle you drive?

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Last Answer : Probably, I see it all the time out on the mountain bike trails. I also see the opposite where the folks who have five thousand dollar bikes are ridiculed. Regardless, we would all be much healthier and happier.

It’s WAR! It’s WAR! When the civil war is finally declared in Iraq will the US jump back in for round three?

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What is wrong with us!

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Last Answer : Yeah, there’s a point when things are so out of balance, you can’t help but feel helpless and apathetic because you can’t do anything.

Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

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Last Answer : answer:I think that, in general, it has something to do with the fact that the British economy is strong and reliable, and that the UK has always had very profitable trading agreements throught ... how the buying power of a coin is, supposedly, representative of its country's credit reliability)

What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

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Last Answer : Waiting for Superman.

What will two weeks/two months after the collapse of Greece look like for the US?

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Last Answer : answer:It's not that Greece is going to fall , there economy will continue it's collapse as it disengages from the Euro. But while it will be a rough summer for the ... stockpile supplies? That's silly for something that has already been significantly discounted by the financial community.

Does a gold standard really protect us from inflation?

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Last Answer : The magic likely comes from the concept of cold hard gold. It's easier to understand that which you can hold in your hand, it's easier to abuse the bits and bytes that fly around the world banking ... resource and therefore only a few can hold' it doesn't change the concept of it being holdable.

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Last Answer : It is a smart country that stays out of wars. Not much bravado in doing that but very smart non the less. I don’t think it is all the military adventures the US has involved itself in that will cause its decline, as much as the class warfare taking place within.

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Last Answer : Early 2013 at the earliest. Until then, incompetence will still keep its value down.

Who decided in the US about things such as our money's apperearance and denominations, the traffic laws, and education?

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Last Answer : answer:Traffic laws are, for the most part, local so local municipal governments. Our money's appearance and denominations was the Treasury Department with sign off by the Executive Branch. Education was ... , again, signed off on by the Executive Branch and Congress (who pass educational bills).

The odds of winning the lottery bigtime (not just a few bucks here and there) are astronomically against us; yet I continue to play. Do you?

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Last Answer : Nope, I had statistics in college. I don’t like to throw away my money (I also don’t gamble when in Vegas).

How do I minimize the hit when trying to put euros into my US checking account?

Description : How do I minimize the hit when trying to put euros into my US checking account?

Last Answer : I’m a little confused.. is this ‘hit’ coming in the form of the exchange rate.. a wire transfer fee.. i’m not really sure what in particular you are referring to.

(Apologies in advance) If you are poverty stricken, would you share with us how you became that way?

Description : (Apologies in advance) If you are poverty stricken, would you share with us how you became that way?

Last Answer : Well, my mom killed my dad when I was ten. I got left with my sister at a strangers house in Copala Mexico while my mom went back to the states to turn herself in. My aunt got us back to the states. ... when you don't have a shower. I was working 40+ hours a week and still couldn't get a place.

Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Description : Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Last Answer : I believe at that time we were on the gold standard and the money could be exchanged for the appropriate amount of gold. I’m trying to find a bit more info right now here. When we went off the gold standard, this would no longer have been true.

What percent of US citizens have money problems or go into debt?

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Last Answer : This one sounds like a job for Internet Search Engine Man! Or just try here

Would you rather have an Illegal Immigrant working and contributing,or a US citizen sat on their ass all day claiming welfare?

Description : Would you rather have an Illegal Immigrant working and contributing,or a US citizen sat on their ass all day claiming welfare?

Last Answer : I personally opt for the illegal as a contributor.

How can I explain to my ignorant econ-teacher that US currency has been heavily inflated over some time?

Description : How can I explain to my ignorant econ-teacher that US currency has been heavily inflated over some time?

Last Answer : I don’t even know how to respond to someone denying inflation….

In Canada, why are things more expensive than in the US?

Description : In Canada, why are things more expensive than in the US?

Last Answer : Because Canadian money is usually worth less than American money, so you need more Canadian dollars to buy the same thing. Currently, 1 Canadian dollar = 0.859771 U.S. dollars

Why are the US stock markets closed today?

Description : Why are the US stock markets closed today?

Last Answer : Good Friday Not quite sure why it is important enough to close the NYSE, but it is.

Is the iPhone service contract (in the US and Europe) a fair value to you?

Description : Is the iPhone service contract (in the US and Europe) a fair value to you?

Last Answer : i think so..I’m paying about 10$ more than what I was paying on the SKIII with all the same featyures.. Except here I’m getting a few more minutes, rollerover, and I actually get service!... Getting service is something I enjoy, lol

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Do you think the US should get rid of the penny?

Description : Do you think the US should get rid of the penny?

Last Answer : no

Was US Dollar ever backed by gold and silver?

Description : Was US Dollar ever backed by gold and silver?

Last Answer : Yes. Nixon took us off the gold standard.

Care to share your thoughts about the claim in the following article (in link) that says liberals are more intelligent than conservatives?

Description : Care to share your thoughts about the claim in the following article (in link) that says liberals are more intelligent than conservatives?

Last Answer : Running for the hills!

What are your thoughts on this article that mentions a lawsuit brought by "children" aganist McDonalds for "obesity related health problems"?

Description : What are your thoughts on this article that mentions a lawsuit brought by "children" aganist McDonalds for "obesity related health problems"?

Last Answer : I don’t disagree with you. I do see a bit of their point, though,as McDonalds insidiously advertises to children to the point they become relentless in desiring McDonalds. And once the children are allowed to venture on their own, McDonalds is a siren calling them onto the rocks of obesity.

Do you believe wealthy areas are being favored for vaccine distribution?

Description : Do you believe wealthy areas are being favored for vaccine distribution?

Last Answer : In Florida the wealthiest counties were the most covid ridden. Those counties do have pockets of very poor people too. A lot of counties with fairly low median incomes, I'd say low middle class, are ... quickly and waste avoidance lists are 2-300 people long is a good indicator there is a big need.

How much would it take for you to consider yourself wealthy?

Description : How much would it take for you to consider yourself wealthy?

Last Answer : My life is quite well supplied with material comforts so I would not work if my wealth gave me an income similar to what my husband and I earn as teacher and librarian.

[Fluff time] Do you believe you would have a better ********* as a stressed out wealthy person or a content pauper?

Description : [Fluff time] Do you believe you would have a better Christmas as a stressed out wealthy person or a content pauper?

Last Answer : answer:Well, I've never been rich but I have been poor in monetary terms. Never poor in spirit or joy. So I will bet on the poor. The one good thing about being poor is everyone who is in the ... as everyone I love is healthy and happy too. You learn to live in the moments that are big or small.

What constitutes being "rich" or "wealthy"?

Description : What constitutes being "rich" or "wealthy"?

Last Answer : answer:It's subjective. To me,you're rich,when your disposable income is higher than an average person's total income. You're wealthy when you have too much money to even realistically spend. And you're ... the residence of the most powerful person in the world ) will be a big step down in luxury .

If the wealthy rigged the system, what have the poor done in the system?

Description : If the wealthy rigged the system, what have the poor done in the system?

Last Answer : The wealthy make products that the poor believe that they can’t live without . Those who become wealthy are those who aren’t swayed by advertising and save , or invest, money instead

If wealthy people who acquired it by old money are said to have been born with a silver spoon in their mouth, what of those born with a gold spoon in their mouths? Who are they?

Description : If wealthy people who acquired it by old money are said to have been born with a silver spoon in their mouth, what of those born with a gold spoon in their mouths? Who are they?

Last Answer : answer:Perhaps someone like Steve Jobs that earned his own money rather than be born into money would be someone with a gold spoon. Royalty could be said to be born with a crown on their head.

Do you find it moral when a person becomes quite wealthy from liquor?

Description : Do you find it moral when a person becomes quite wealthy from liquor?

Last Answer : I’m not sure I understand what this has to do with morality.