How much money is enough money for one person

originally posted by: Edumakated

originally posted by: hopenotfeariswhatweneed

originally posted by: 3daysgone
a reply to: hopenotfeariswhatweneed

Most of it is circulated through investments.

Care to back that statement up with some facts?

Go look up family office investments... read a little and educate yourself.

Better yet learn basic banking and you'd see how absurd it is to think they are hoarding money.

So that is a no, you cannot provide evidence, it's nothing more than what you think happens.

I think you were educated by a billionaire named Edmond, I have no proof either.

What erred the hell amount I want to make.

originally posted by: hopenotfeariswhatweneed

originally posted by: Edumakated
The money is circulating. It is invested in other companies.... venture capital, private equity, etc. Again, they arent just sitting on it. Pretty much all money in a bank is being reinvested.

Then you should have no trouble in providing some links for us to all to see where this money is actually going.

Google is amazing.

Comparatively, long-term capital gains, or assets held for at least 366 days, get taxed at a much lower rate. Instead of paying 39.6%, the highest-income individuals owe just 20% on long-term capital gains. That's a massive difference that can allow wealthy people to keep a big portion of their gains to reinvest for the future.

www.fool.com...

originally posted by: hopenotfeariswhatweneed

originally posted by: Edumakated
The money is circulating. It is invested in other companies.... venture capital, private equity, etc. Again, they arent just sitting on it. Pretty much all money in a bank is being reinvested.

Then you should have no trouble in providing some links for us to all to see where this money is actually going.

Rich people are rich because they (or people who handle their money) know how to leverage value off of wealth.

Unlike Disney's Scrooge McDuck, in the real world rich people don't stash their money in a huge bin and lock it away. If they did that and nothing else, they get poorer. The only way to be rich and stay rich is to invest. It's not like you will find someone to pay you several million dollars a year unless you are really good at a professional sport.

originally posted by: 3daysgone

originally posted by: rickymouse

originally posted by: 3daysgone

originally posted by: rickymouse
The rich used to make businesses and supply jobs for the working man before, now they import everything instead of creating factory jobs. I worked for a while at Kohler, it was a decent job. Go to work, get paid well with bennies, and you did not have to take your work home with you. It was warm there and the work kept you in good shape usually, no need for paying for a gym membership. Working conditions were good too. Poor people in China, they don't have nearly as much employee protection rules there and their air is bad when all the factories are over there. The rich make a lot of money utilizing the cheap labor there and jacking up the price here. They also got real rich on oil speculation, I should say pillaging, they never lost money and always made oodles on jacking up the price of the oil. It was not the oil companies that made all the money, but the people running them did make oodles in speculation too.

Mineral deposits have always been a good investment.

I invest in multiminerals to take in the morning, I feel better, best investment I have ever made.

I would rather not invest in a company of gold diggers.

Why? They can make you money and you don't have to do the digging. It will be done whether you invest in it or not. Why not make some money?

Go for it, I am not the least bit interested. If I wanted to invest in something, I would start another business or hire some workers again to fire up my company. We are not interested in investing in anything anymore.

originally posted by: ketsuko
a reply to: hopenotfeariswhatweneed

Found your missing money. Complete with diving duck in top hat. /sarc

I always picture soros instead of mcduck for that pic.

For one example, look at Hobby Lobby. It is a large very successful company all owned by one private family. Do you think the Greens are sitting on a private stash of cash?

Heck no! They're spending it back into investments. They are either growing Hobby Lobby or they're putting it into assets like art and artifacts like their Bible Museum thing.

The largest portion of their wealth is not liquid by design. It's working for them in some way as a tangible asset to generate more wealth.

a reply to: hopenotfeariswhatweneed

But you'd be wrong.

How much has be spent millions upon millions to generate desired outcomes and always to generate more wealth for himself?

He is putting his money to work for him, not sitting on it. He is actively working to create environments conducive to his financial well being and actively invests in his future.

originally posted by: Teikiatsu

originally posted by: hopenotfeariswhatweneed

originally posted by: Edumakated
The money is circulating. It is invested in other companies.... venture capital, private equity, etc. Again, they arent just sitting on it. Pretty much all money in a bank is being reinvested.

Then you should have no trouble in providing some links for us to all to see where this money is actually going.

Rich people are rich because they (or people who handle their money) know how to leverage value off of wealth.

Unlike Disney's Scrooge McDuck, in the real world rich people don't stash their money in a huge bin and lock it away. If they did that and nothing else, they get poorer. The only way to be rich and stay rich is to invest. It's not like you will find someone to pay you several million dollars a year unless you are really good at a professional sport.

I hate that people like you belittling the conversation with black and white extremities , we're not talking about wealthy people we are talking about billionaires, stop trying to confuse the conversation ...

a reply to: ketsuko

I guess you also impressed with the family that made 35 billion selling oxy contin?

a reply to: dfnj2015

50 million U.S. Dollars
Second Line.

originally posted by: hopenotfeariswhatweneed

originally posted by: Teikiatsu

originally posted by: hopenotfeariswhatweneed

originally posted by: Edumakated
The money is circulating. It is invested in other companies.... venture capital, private equity, etc. Again, they arent just sitting on it. Pretty much all money in a bank is being reinvested.

Then you should have no trouble in providing some links for us to all to see where this money is actually going.

Rich people are rich because they (or people who handle their money) know how to leverage value off of wealth.

Unlike Disney's Scrooge McDuck, in the real world rich people don't stash their money in a huge bin and lock it away. If they did that and nothing else, they get poorer. The only way to be rich and stay rich is to invest. It's not like you will find someone to pay you several million dollars a year unless you are really good at a professional sport.

I hate that people like you belittling the conversation with black and white extremities , we're not talking about wealthy people we are talking about billionaires, stop trying to confuse the conversation ...

Do you read the things you type before you hit Reply, or is it more from-the-gut-and-go?

a reply to: 3daysgone

Perfect example of how RICH people make the RULES that affect everyone, and also gives them an advantage. Those rules are referred to as "the system" and "the man" by people who feel powerless, and lack the initiative to learn how to leverage them for their personal benefit.

originally posted by: Teikiatsu

originally posted by: hopenotfeariswhatweneed

originally posted by: Teikiatsu

originally posted by: hopenotfeariswhatweneed

originally posted by: Edumakated
The money is circulating. It is invested in other companies.... venture capital, private equity, etc. Again, they arent just sitting on it. Pretty much all money in a bank is being reinvested.

Then you should have no trouble in providing some links for us to all to see where this money is actually going.

Rich people are rich because they (or people who handle their money) know how to leverage value off of wealth.

Unlike Disney's Scrooge McDuck, in the real world rich people don't stash their money in a huge bin and lock it away. If they did that and nothing else, they get poorer. The only way to be rich and stay rich is to invest. It's not like you will find someone to pay you several million dollars a year unless you are really good at a professional sport.

I hate that people like you belittling the conversation with black and white extremities , we're not talking about wealthy people we are talking about billionaires, stop trying to confuse the conversation ...

Do you read the things you type before you hit Reply, or is it more from-the-gut-and-go?

What ! Did you?

Where in the op does it mention wealthy people are the problem?

I feel like I am having a convo with a JG Wentworth actor.

"It's my money, and I want it now!"

Pushing buttons for another company is not bringing huge value to society.

Getting rich isn't a job position, in most cases, it is setting up a value to a ton of people.

It's not that complicated.

10 million people like your product or book on Amazon that you just had mfg'd at an after-tax profit margin of 5 dollars per unit, you now have 50 million dollars.

Value is in the market, not in a cubicle buddy.

If you want to be rich, start a business, like your employer did.

It is a lot more work, and easier to just complain, I know.

What gives one the right to determine what limits on earning capacity another should have?

a reply to: dfnj2015

TL;DR: I don't think there's such a thing as "too much" money as long as every person has their needs covered and has the opportunity to make as much as they want. Once we figure out how to provide a comfortable life for all of humanity, then "wealth" figures won't matter.

Long version: I don't think the real issue is "enough money vs too much money". It's "average citizens not having enough money to live comfortably while others have seemingly too much excess money". I'll briefly explain lol yeah right, my "brief" explanations are always long.

I'm mostly a socialist. But I only believe that should be mandatory when it comes to needs and necessary services like healthcare, food, housing, security, etc. In other words, I believe there should be a minimum economic level that guarantees every citizen the bare necessities. But beyond that, I don't think there should be a cap to how much excess resources people can gain.

The problem with this is that every region has different costs of living. This means that no single dollar figure will create equal circumstances around the entire world. Some places you can live comfortably for a few thousand dollars a year, while others require tens of thousands of dollars yearly just to cover the basics. Some of those price differences are indeed because of greed, price gouging, etc. But some of them are legit.

As a simple example, tropical regions can easily grow papayas. But they're a lot harder to grow in Arctic areas. So people living in Arctic areas will either have to spend far more money to create controlled environments to grow them or they'll have to spend more money by importing them (when compared to people in tropical areas who could just put a seed in the ground and grow it for "free"). And land prices can vary greatly because of legit differences in soil fertility, proximity to water sources, distance from specific safe or dangerous areas, being in a metropolis vs being in the middle of nowhere, etc (and that's not including more modern conveniences like distance to specific school zones, distance to specific economic regions, etc).

Haha, I still gave a boring lecture so I'll stop. Basically, wealth figures shouldn't matter as long as every citizen has their basic needs taken care of and has the opportunity to acquire more resources to pursue their personal goals. $1 billion may sound like "too much" to some people, but ambitious people like me could easily use far more than that. I'm interested in things like nation building and high tech advancement, all of which require crap-tons of resources. So why would it be bad for someone like me to be able to gain billions of dollars worth of resources as long as everyone else still had their basic needs covered and had the opportunity to make more resources too?

My mother n law told us we forgot what is was like being poor. I am a sheet metal worker that has a pretty decent career in the construction field.

I made a little over $60,000 last year. After child support, has to get me to the jobsite, which is sometimes two hours away and regular living expenses, I assure you that I am not "well off". The in law has just accepted to be poor and now thinks that we live too comfortable. My bank account and bills say otherwise.

It is all a matter of perspective and the frame of mind that an individual has. I have had enough schooling I should have been a doctor by now. But I like what I do and my children don't go hungry, so the only thing I can do is keep chugging along.

BTW if anybody has any killer investment opertuinity advice, I'm all ears.

originally posted by: Ameilia
a reply to: dfnj2015

Your assumption is too broad. It assumes a man and a woman making $100,000/year consume all of that money and never save and increase their savings through any investment.

This year, the stock market has returned 20%. Just this year. Look at returns over the past 20 years and think about what automated investments would do to their $100,000.

Imagine if they invested $1,000 in year one, then $2,000 in year two, then $3,000 in year three, and so on. As their income increased each year, they increased their investments. What starts as a small yearly investment grows to be a more substantial sum. Then they have the growth of the market on top.

Investing is a big part of why there are so many "rich" Baby Boomers out there. It's not that they necessarily made a big salary or "got lucky" or any other BS that so many Millennials seem to fault them for. They simply have had more years in the market than the rest of us. Add to that the inflation that occurs in homes and there you have it. Market and home inflation added to their bottom line. Boomers even went through the Dot Com crash and 2008 and look where they are now.

And you make a lot of erroneous assumptions yourself:

Let's look at fact - from the right-wing Motley-Fool:



www.fool.com...

So where are all these Rich Baby Boomers hiding?

its not about how much money someone has but what damage did they do to get that money

u wont find many people with a 100 million who have not done really bad things to get it


if there is no other way to greese the gears of our world than to suport some of the worst humans in our society ... than we have failed as a society