How much money is enough money for one person

a reply to: FyreByrd

It has become apparent you didn't through the thread, if you had you might want to retract that statement.

Hell just read the first page FFS.

Wealth is not a zero sum game...there is no “pie”.

Therefore, wealth is only limited by your own imagination and we should not create artificial limits on individual wealth.

originally posted by: Edumakated

originally posted by: hopenotfeariswhatweneed
a reply to: Edumakated

Why do you equate his view to envy? Why is it one cannot point out the destructiveness of one who hoards billions of dollars?

As an example I'm not envious I'm disillusioned.

It isnt hoarding billions. Most billionaires and millionaires are wealrhy because the own shares in a company that became extremely valuable. Itisnt like they are keeping billions under their mattress.

But what about the people who do the actual work for those companies? The ones whom if it weren't for their physical work, would be no company to invest in? The ones whose physical efforts result an actual product to sell, and make a profit on? You pay a worker £10 for his work, and take the product he made and sell it for £20. You pay his 'manager' £10 but he has no physical product for you in return, so you have to pay him from the £10 profit you made from the worker's product. Let's say you had to fire one of them, would it be the manager or the worker?

It's the actual workers' efforts and trade/profits from their finished product that pays everyone else's wages, and also pays shareholders' dividends.
The entire world economy depends on low paid production workers. Without them there would be nothing to trade. If they all withdrew their labour, the arses of world's super-rich would be twitching faster than a rabbit's nose.

They aren't dubbed the 'idle-rich' for no reason: they don't do physical work, their day's 'work' doesn't produce anything to sell. Unproductive parasites.

If physical labour were properly rewarded for being the backbone of world economy that it is, the super-rich would be homeless and destitute.

Maybe corporations should give all their lower tier employees a yuge raise instead of themselves. Let the employees pay more taxes.

I live in So Calif the average worker around here these days are working for big corporations,staffing through employment agencys,more like maybe 30 k a year,a cheap house in a bad area here will be close to 200k,this is socialism,make it so expensive only rich can afford,thus many forced to rent,hard to dictate ones expenses,but the ones with the big money are lured to it like a drug,watch when someone becomes rich that was poor,all their feelings they had are now changed the feel empowered,money is truly the evil on earth or greed as it were

a reply to: dfnj2015

The whole question is misleading. Money is not everything. You can have all the money. You yourself can literally have all the money and somebody else can pick up a pretty landscaping rock and smash your head for free. So money doesn't help anybody.

How much money is enough? It depends on prices. If a bitcoin is $10K and monthly rent is 0.00001 bitcoin then woo hoo!

How much money pacifies? Is that the real question? Again, given what prices?

Everybody dies in the end. So what do you need the money for?

a reply to: dfnj2015

TL DR

So a billionaire has more money than than an husband and wife could possibly make 10,000 years

You want a handout of other peoples money.

a reply to: doobydoll

What about them?

Did they come up with the product they are making? How many of them understand why they are doing what they are doing for that company? How many of them do something so critical to the production of that product that if they quit, the company couldn't just simply hire someone fresh off the street and teach them what to do in a few hours?

This is the problem with the idea that the workers "do all the work."

The workers may do what you perceive as the "hard work," but they do not develop the products they make, have no understanding of what they are doing or why they are doing it that way (often they only follow spec sheet instructions), and they usually only do jobs that require a minimum of skill to perform.

No matter how valuable the end product, each individual workers' contribution to it is very small, easily replaced by any other laborer, and wouldn't have any point had it not been for the previous contributions of the ones you sneer at - the white collar desk jockeys whose job it is to develop the product and understand how it will work, why it much be produced the way it is. etc. They do get paid more even though what you call "hard work" is less, even though if they fail, the whole company will suffer, including your sainted hard workers.

And there are even more teams like them all the way up and down the ladder who have jobs completely critical to ensuring the guys working on the line can keep working on the line to make product.

People like my husband whose job it is now to understand regulatory regimes in different countries and the manufacturing process and to serve as a liaison between the company and the regulatory regime of a country to help hammer out a manufacturing process to be followed by the hardworking guys on the line to make sure that product continues to be sold in multiple markets worldwide so those hardworking guys on the line continue to have plenty of work to do.

The whole picture, you see, is not nearly as simple as you make it out to be.

It depends on the life style you want to lead.
When I was twenty $100.00 a week was a fortune to me.
Now I'm retired and have stocks writing my paychecks and my wants have grown the whole time.

At what point does it become ridiculous though? At some point this will become unsustainable and the pitchforks will be coming for them, as the saying goes. The system has to be more fair not just set up by the ultra rich for the ultra rich which is what we are moving closer and closer to. My 2c.

The wealthiest 1 percent of the world's population now owns more than half of the world's wealth

www.cnbc.com...

a reply to: ketsuko

So after all that, if you had to make the choice who would you fire, the 'manager' or the production worker?

I'm just pointing out how important the production worker is to a company that's all. They should be treated and paid their worth because currently they aren't valued or respected at all. They're treated as if they're expendable and worthless and don't deserve decent pay because they lack education and skills. But their blood sweat and tears are just as vital to a company as any other employee. Perhaps more so.

You can have as many designs and plans and materials etc as you can come up with, shelves stacked with them, but you still need someone to make the product before anyone gets paid. It's what it boils down to.

But I have no beef with a small company, the owners often aren't super-rich and they do put in some gruelling hours just to keep things ticking over.

The super-rich are a different breed tho, that get richer by doing nothing except move their inherited un-earned money around, they have nothing to offer anyone except money. They aren't accumulating more wealth by their own hard work, they accumulate it from other people's hard work.

originally posted by: JimTSpock
At what point does it become ridiculous though? At some point this will become unsustainable and the pitchforks will be coming for them, as the saying goes. The system has to be more fair not just set up by the ultra rich for the ultra rich which is what we are moving closer and closer to. My 2c.

The wealthiest 1 percent of the world's population now owns more than half of the world's wealth

www.cnbc.com...

If they had 100% of everything they'd still want more. They can't help themselves. The more they have, the more they want. Always more. They are unable to control their greed.

originally posted by: doobydoll
a reply to: ketsuko

So after all that, if you had to make the choice who would you fire, the 'manager' or the production worker?

I'm just pointing out how important the production worker is to a company that's all. They should be treated and paid their worth because currently they aren't valued or respected at all. They're treated as if they're expendable and worthless and don't deserve decent pay because they lack education and skills. But their blood sweat and tears are just as vital to a company as any other employee. Perhaps more so.

You can have as many designs and plans and materials etc as you can come up with, shelves stacked with them, but you still need someone to make the product before anyone gets paid. It's what it boils down to.

But I have no beef with a small company, the owners often aren't super-rich and they do put in some gruelling hours just to keep things ticking over.

The super-rich are a different breed tho, that get richer by doing nothing except move their inherited un-earned money around, they have nothing to offer anyone except money. They aren't accumulating more wealth by their own hard work, they accumulate it from other people's hard work.

Production workers are easily replaced... it is simple supply and demand. There is a reason people who have rare skills and talent make more than those who dont.

It is clear some of you really have no basic understanding of finance and economics. In addition, you cant see beyond your own envy and acknowledge the enormous contributions and additional wealth created by these mega rich entrepreneurs.

originally posted by: doobydoll

originally posted by: JimTSpock
At what point does it become ridiculous though? At some point this will become unsustainable and the pitchforks will be coming for them, as the saying goes. The system has to be more fair not just set up by the ultra rich for the ultra rich which is what we are moving closer and closer to. My 2c.

The wealthiest 1 percent of the world's population now owns more than half of the world's wealth

www.cnbc.com...

If they had 100% of everything they'd still want more. They can't help themselves. The more they have, the more they want. Always more. They are unable to control their greed.

Something I don't think has really been mentioned in the thread is corruption and exploitation. A lot of defending the ultra rich. They are awesome cos they made x product and employ people. Sure some are above board and do something good.
There are bad ones also who are corrupt, do deals with politicians for themselves, close down factories, liquidate companies, move jobs offshore, exploit foreign workers and lots of other bad stuff. So no they are not all awesome.
Lots of countries around the world have big problems with corruption and exploitation done by the top 1% and the top 0.1%.
It's a complex issue. We have laws to try to make things fair and just but when the law is made by the top 1% for the top 1% we have a problem.
There's a saying. Socialism for the rich capitalism for everyone else. Taxpayer money is the golden goose, like multi billion dollar government contracts, see Haliburton and Dick Cheney and the military industrial complex. GFC bailout, too big to fail... etc
Corporate welfare
en.wikipedia.org...

originally posted by: Edumakated

originally posted by: doobydoll
a reply to: ketsuko

So after all that, if you had to make the choice who would you fire, the 'manager' or the production worker?

I'm just pointing out how important the production worker is to a company that's all. They should be treated and paid their worth because currently they aren't valued or respected at all. They're treated as if they're expendable and worthless and don't deserve decent pay because they lack education and skills. But their blood sweat and tears are just as vital to a company as any other employee. Perhaps more so.

You can have as many designs and plans and materials etc as you can come up with, shelves stacked with them, but you still need someone to make the product before anyone gets paid. It's what it boils down to.

But I have no beef with a small company, the owners often aren't super-rich and they do put in some gruelling hours just to keep things ticking over.

The super-rich are a different breed tho, that get richer by doing nothing except move their inherited un-earned money around, they have nothing to offer anyone except money. They aren't accumulating more wealth by their own hard work, they accumulate it from other people's hard work.

Production workers are easily replaced... it is simple supply and demand. There is a reason people who have rare skills and talent make more than those who dont.

It is clear some of you really have no basic understanding of finance and economics. In addition, you cant see beyond your own envy and acknowledge the enormous contributions and additional wealth created by these mega rich entrepreneurs.

Haha here we go with the feeble 'envy' argument.

The mega-rich are getting richer by other people's hard work, they take the lion's share for just sitting on a beach. They don't 'work' for the extra vast wealth they get, other people work for it. And those other people have to claim supplemental income benefits or they go hungry and homeless. How is it just or fair that someone who works hard doesn't get enough to live on but the mega-rich who don't work get obscene sums?

I don't begrudge them being wealthy, I just don't understand why they have to take so much of what there is. I'm sure it is possible to still be mega-wealthy without taking so much of the pie they didn't lift a finger to make. Take the lion's share by all means, but a slightly smaller lion's share. They'd take the lot if they could get away with it. And they probably will in time if not stopped.

Greed is the problem. Big problem. Huge.

a reply to: doobydoll

And they are not all saintly Bill Gates types... lol Some are the more despised questionable globalist elite types like George Soros or worse... Hillary lol.

I suppose if a loaf of bread is 60 trillion dollars, I'm going to need 120 trillion dollars.

But if I had the means to make my own bread, it would only cost me the energy I use to produce it.

Or if I had a 'friend' that needed jelly for his peanut butter sandwiches, I would trade fair and square.

Nothing is fair and square if there's a fat-cat beguiling services between two 'friends'.

originally posted by: rickymouse
I don't care how many people make more than us, we live within our means and we do alright. We have a little put aside to fix things around the house and buy a used vehicle if we need one or a cheaper new one if we feel like we need to.

The house is paid off, that is a big thing. Just maintenance and taxes and utilities. We live on about twenty five grand a year now, that is fine. We eat a lot better when we cook lots of home cooked meals now too, we are staying healthier because of that....so far anyway.

Man, you would be one great neighbor to have. Home cooking with raw ingredients for a healthy mind/body/soul.

So what if a guy/gal makes millions of bucks, they probably deserve it.

Wealth inequality has and will always be a part of existence.

Get off of your behind and work at building your net worth if it bothers you. Else, be happy with what you have. Just don't blame a person, who made sacrifices and worked hard, for having more wealth.