Having Money is Frowned Upon Now?
This is a topic that I get very upset about, and I think we all have a right to. I've noticed a disturbing change in society's views on the "1%" and frankly it disgusts me. It used to be that when you saw someone driving a Ferrari people thought "Good on them, they earned their money, and they're claiming their reward for it." Now it's more of a "Why does he get that car? Is he better than me? What did he do to deserve that? Rich ass hole." Well he earned that super car. He worked hard, he paid his dues, and now he's getting rewarded for it. The fact that people who work at McDonalds, or even people who don't work at all and just collect Wellfare somehow feel entitled to the same treatment and possessions as someone who's on Wallstreet, someone who's a lawyer, or someone who's a doctor is absolutely absurd. I see people all the time talking about Mitt Romney's "Daddy's Money" and that's crazy. If your family worked hard to be in the position they are in, you deserve the rewards from it. That being said, I have a separate account for the money I've inherited, and the money I've earned. The notion that someone is a bad person just because they were given money is ridiculous. Bringing someone down because they have more than you is probably one of the dumbest concepts there is. Rather than feeling entitled to it when someone has something nicer than I do, I take it as a personal challenge to work harder, and better myself, and my assets. What do you guys think?
I honestly don't care what someone I don't know nor care about thinks about me or my level of wealth.
It has always been like that. None of this is recent.
Probably thanks to JFK's charisma, versus Romney's perpetual foot-in-mouth-ness, though. Anyone wants to take a $10,000 bet on this being the cause?
Same reason why we don't frown on people who are smart, or good-looking, or healthy, I suppose.When rich people get their money through starting industries and creating value for folks, perceptions will change.
Wealth was a good thing when millionaires were getting minted by the tech boom. Finance is ultimately about riding other folks' coattails. Most folks who are successful in this industry will say that their job is not necessarily to create value for others and then have those folks give them money, like it is in a Randian world or in the '90s tech boom.
So if you don't like it, why are you in finance? Get into biotech or go work for NASA, or even tech. There will be several more billionaires to be minted there along with thousands of millionaires.
Exactly! Also finance has become the only industry that has actually had any success over the past 10 years. Think of ANY city in America and then take a look at whether or not it is populated by financial firms. The ONLY cities in America that haven't been completely ghettoized over the last ten years are cities with finance and finance has been realized to be the only field that one can enter in order to succeed in this current globalized world. It worries a lot of people that the only way to become successful (again Entrepreneurship requires demand and consumers to not be in a deleveraging cycle) in this new world is by as IlliniProgrammer puts it "mooching" off successful companies that have somehow withstood the shitty economy via economies of scale, via utilization of new resources such as the internet or through other means.
Deserve means different things to different people :), why dont we start by defining that?.
Well, it's not that different in the tech startup world... For every real entrepreneur, there are many delusional -or plain fraudulent- ones trying to sell their dubious ideas to clueless investors. I don't really see a difference between them and the traders selling crappy derivatives. Starting industries is great, but so is sustaining and growing them.
Still feel the same if that person is Dick Fuld?
For the record, I toned my post down significantly. I do tend to get worked up when folks are whining and I believe they are in large part the source of their own problems.
People respect folks for their accomplishments when they are creating value for others. If you want to be respected, don't get into an industry, like finance, that (at least right now) isn't creating value.
I have ZERO problem with people who go out there, bust their ass, make their cake and then want to show it. What I ABSOLUTELY have a problem with, is those little fuckin ass clowns who have never worked a day nor opened a book in their life, who go around flaunting their money that they did nothing to deserve like their shit don't stink. That tweaks me out. Srsly, if you see some
Just curious, why do you deserve this? You did nothing but be born.
Easy: there have been too many people over the past decade or so that have gotten rich because they've gotten really lucky (let's face it, many finance jobs are like this) or who were successful in manipulating laws/regulations which favor their industry/organization (the bailouts, lobbying).
The general perception among many people--and it's not totally inaccurate--is that too many people have gotten rich by providing little if any value (in many cases, negative value) to society.
I don't think people really hold grudges against those that really work hard and provide value.
No matter how you made your money, people you don't know will always hate you for it.
Nobody is really hating on this lady. She started 'Spanx' and is now a billionaire. It's actually a pretty interesting story.
First sentence of the article: Sara Blakely stands topless at a conference room table.
http://www.forbes.com/sites/clareoconnor/2012/03/07/undercover-billiona…
I'm pretty sure that it's a natural stage in the aspiring middle class worker to go through a liberal hippie stage. Most of the people that are associated with the various bullshit "movements" that have occurred recently against the 1% are young young people with no clue how the real world works (and really no idea what they're fighting for either). That's why they don't get taken seriously and there's no organization around the cause. The people that continue to fight for this "ideal" do so, for the most part, because they were unable to become as successful as the people they demonize. It's hard to take someone seriously when they are either too young to have any experience related to their cause, or they have a track record of failure.
The only thing that scares me about these people is that we live in a country where every civilian has the same rights. If an overwhelming majority of people become lost in their stupid and unfounded anger towards the people that give them the ability to live the way they do, we could end up having to witness the failure of their idealistic vision attempting to come into fruition.
There's a really good speech in the movie Margin Call that kind of sums up the separation between the rich and the not so rich. Go check it out.
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