Posted 8 years ago on Aug. 31, 2012, 2:10 p.m. EST by LeoYo
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'Drink Less, Work More', Billionaire Tells Non-Rich
By Robert Frank | CNBC – Thu, Aug 30, 2012 11:26 AM EDT
Gina Rinehart seems to court controversy - from her family lawsuits to her battles with Australian media.
Now, the Australian mining heiress, worth $19 billion and earlier this year thought to be the world's richest woman, has sparked another controversy in her latest column in Australian Resources and Investment magazine. (Yes, I am a registered reader online.) Rinehart rails against class warfare and says the non-rich should stop attacking the rich and go to work.
"There is no monopoly on becoming a millionaire," she writes. "If you're jealous of those with more money, don't just sit there and complain. Do something to make more money yourself - spend less time drinking, or smoking and socializing and more time working."
The comments were part of a treatise on what she sees as Australia's decline due to high taxes, high wages and over-regulation. Rinehart said taxes should fall, red tape should be cut, environmental rules relaxed and the minimum wage should be lowered. (It's currently AUS $15.06 an hour or $606 a week, about the same in U.S. dollars).
Her quotes are sure to escalate the already heated debate in the United States, Britain and Europe over class warfare, taxing the wealthy and "fair shares."
Rinehart's remarks drew immediate fire from senior Australian ministers. Treasurer Wayne Swan said in a statement that Rinehart had delivered "an insult to the millions of Australian workers who go to work and slog it out to feed the kids and pay the bills."
But Rinehart warned that when governments target the rich, they really hurt the middle and lower classes.
"The terrible millionaires and billionaires can often invest in other countries. And if they do suffer, what does that really mean? Maybe their teenagers don't get the cars they wanted or a better beach house or maybe the holiday to Europe is cut short; But otherwise life goes on for these millionaires and billionaires."
Those who really suffer from anti-business and anti-investor policies are regular workers who "usually vote for the anti-business socialist parties," she writes. "If you want to help the poor and our next generation, make investment, reinvenstment and businesses welcome."
She also tells the stories of her two grandfathers and three of her wealthy friends, who all started at the bottom and worked their way to the top. One grandfather, James Nicholas, started cleaning stables and launched a transportation company. Another granddad built a sheep station with 25,000 sheep.
Her pal Michael Kailis came from a poor Greek immigrant family and became Australia's crawfish king. Friend Jack Cowin borrowed from friends to found the Hungry Jack burger chain, and is now the country's "king of fries."
"The lessons are the same," she writes. "You can't get rich without working hard, taking risks, investing and reinvesting your profits." Of course, as Rinehart knows, you can also become very rich from inheriting and expanding your father's company.
One of Most Dangerous Cities in US Plans to Ditch Police Force
Employee Shoots 2 Dead at N.J. Supermarket before Killing Himself, Police Say
Police report at least three people are dead after a gunman opened fire at a Pathmark grocery store in Old Bridge, New Jersey. NBCNews.com's Dara Brown reports.
By NBC News staff and wire reports
Updated at 11:33 a.m. ET: Three people are dead after an employee shot and killed two coworkers before turning the gun on himself at a New Jersey supermarket Friday morning, authorities said.
Police said the shooting happened Friday just before 4 a.m. inside a Pathmark grocery store on Route 9 in Old Bridge, N.J., a suburb about 25 miles from New York.
The victims were an 18-year-old woman and a 24-year-old man, both from Old Bridge. The gunman, Terence S. Tyler, was 23 years old. All three were working the night shift at the Pathmark with 12 to 14 other employees. The store was closed at the time, scheduled to open at 6 a.m.
Police believe the suspect may have gotten into an argument with a coworker at the Pathmark before he allegedly left the store around 3:30 a.m., and retrieved an AK-47 and a handgun from his car. Store employees told authorities that when they saw the suspect returning with weapons, they locked the doors to the supermarket. The gunman then shot out the windows and went inside and fired at least 16 shots at different places in the store, police said, killing two people. He then killed himself.
Police said the victims were not necessarily targeted. They are currently investigating the motive for the shooting. Some employees ran out of the back of the store to escape.
No shots were fired by police when they arrived to the scene.
Tyler was a former Marine, who earned several medals for his service between March 2008 and February 2010. At the time of his discharge, he achieved the rank of Lance Corporal. He was an Old Bridge resident and had been working at the Pathmark for about two weeks. Police said Tyler may have had a history of depression and mental illness.
Employees who were in the store at the time of the shooting congregated later in the morning outside a TGI Friday's restaurant in the shopping center where the supermarket is located.
New Jersey Transit closed its nearby park-and-ride lot, the Associated Press reported.
News chopper footage showed heavily armed police on the ground outside the supermarket and several windows broken.
SWAT teams had set up a command post in the parking lot of a nearby restaurant.
The store was closed Friday. Pathmark officials had no immediate comment on the shooting.
NBC News' Jonathan Dienst, Brynn Gringras and Brian Thompson contributed to this report.