Forum Post: What is a Back-Rider ?
Posted 12 years ago on Jan. 5, 2012, 11:45 a.m. EST by FriendlyObserverA
(610)
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People who gain their wealth through profit without actually doing any work, they are Back-Riders.
Investors are Back-Riders.
Middlemen, the people who buy and sell for profit, they are Back-Riders.
Back-Riders, they ride on the back of the working man.
Pretty much all of wall street and the commodity traders. plus the entire insurance industry. (industry, being a misnomer, as that term implies actual work).
All wealth, stems from labor.
It's why Galt's Gulch is a myth. they couldn't do that, if they actually wanted to.
If making big money in the insurance "industry" involves "no work" why aren't YOU making millions from it?
I'm honest and like having a soul..
Besides, I've already worked for 40+ years.
Please elucidate. What actual labor is involved in the insurance "industry", besides paper work.
And that work is very important. Why don't YOU do it and make those millions? Then you can use those easy millions to turn around and lobby against the "industry".
I didn't think you could.
All wealth stems from "labor".
Would you like to prove that wrong?
Well work or, as you say others do, don't work, and accumulate wealth. Are you incapable of working AND not working?
Elucidation is not your strong point.
Obfuscation, is.
I'll give this one more try.
Prove that all wealth, does not come from labor.
NO SHIT IT DOES!!!! SO where is the problem?
That would make Wall Street a theft machine.
OccupyWallStreet!!!!
all wealth comes from labor ? no no .. profit is not labor.
but all product comes from labor.
All wealth stems form labor.
All value, stems from labor.
Without labor, there is NO profit.
matmeticians calculate actuarial tables. someone has to collect premiums. someone has to invext that money to garner income, because premiums rarely cover all risk.
That still stems from actual labor. Without it, they couldn't do that.
because it is regulated so that only the 1% makes the millions off the backs of everyone else. Duh
SO government regulation makes it that unfair, yet you want MORE of it?
there is a line between those who earn through working and those who earn through profits. and that is where we draw the Back-Rider line . If this was visual it would be easy to see who is riding on the backs of others .. and who is carrying.. it's really similiar to a pyramid .. we need to get everyone on the ground and no more Back-Riding.
""""we need to get everyone on the ground and no more Back-Riding"""""
Sounds like someone with a great deal of envy of those at the top. If getting there (the top) is so easy and involves so little effort or "work" why aren't YOU at the top of it? Instead of "rising", you want those who are successful brought down to your level that you CHOOSE to live at. And you do CHOOSE it. ANYONE with enough incentive can become educated today and make a comfortable life for him/herself. Remember it doesn't involve much "work" at all.
Try telling that to Napoleon.
you're all going down Back-Riders, there will be no mercy.
Oh! So you are an uneducated loon with a chip on your shoulder and in need of some emotional excitement involving mobs of people and chaos. One of those people who has nothing to lose having never earned much, so "What the hell! Maybe something good can come of it for ME".
have you read the Napoleonic code?
No, I am not obsessed with the past and social injustice. I tend to devote most of my mind to making my, and my kids' futures better.
yes , well thats one of the characteristics in aristocrats .. to be only concerned with their own lives and wealth.
and angered at the mention of fairness
I don't know how you can expect people to care about others more than they care about themselves and their families. These are evolved traits. They cannot just simply be changed.
I did not say more than, I said only.
It used to be that the worker was revered. Art depicted the coal miner, the railway worker in paintings and sculpture. Good wages, benefits with real pensions and job security were the reward for working hard. Today, workers rights and remuneration have been diminished even though they are the crux of the record-breaking profits American companies have enjoyed.
Yes! With the very criminals this movement allegedly is protesting against. Wall Street controls this forum. 55% have over 9 trillion invested in the Stock Market
Does this make over half of the 99%ers absolute hypocrites?
Better or worse than the thieving wealth extractors of which they too hope to gain by the same means?
Why do the moderators insist this will not be discussed?
do you idiots even know how commodity traders got started? farmers, by no means back riders if i understand the weird term, would plant a crop and have no idea whether it would be profitable at harvest time. if the market fell out, the farmer was ruined. however, some men figured out they could promise the farmer a set amount, even before the field was planted. now the farmer had a choice, he could sell his crop at the promised future price today, or he could take a chance and sell it come harvest. so if the farmer made money at $2/bushel in a futures contract, he could sell it. if at harvest time his crop was selling at $3 a bushel, he lost some profit. if it were selling at $1 bushel, he made big money.
no such thing as a back rider, much like a unicorn or leprechan.
futures traders serve a function. an airline company will buy a futures contract on oil, to protect themselves against future oil price run ups. someone has to sell that contract and " bet" that oil is not going up.
insurance companies insure against risk. they do actuarial tables and try to foretell risk. they dont cut logs with a handsaw like a dumb mule, but they provide a needed service. you cant buy a house without insuring it against fire. you could avoid insuring your house completely by buying it with cash. you can avoid car insurance by posting a million dollars by bond. you can avoid health insurance by protecting your health by living right and by having $2 or 3 million in the bank should you get cancer.
there are no backriders, like there arent any unicorns or leprechans.
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I don't like this term very much. It reminds of Night Rider which, in turn, reminds me of David Hasselhoff.
Hopefully the Back-Riders don't like it neither .It was not meant to be complimentary..
Does provide you with an image though .. Scrawny little Warren up there like a jockey ? Back-Rider Buffet.
And ANYONE is capable of doing it! So why whine about it. Just do it if it is so "easy" and involves "no work"!
and what .. ? join the enemy .. not likely .. bring em down !
SO you want to "bring down" the people that, when you suddenly are stuck with a gigantic bill that you can't afford, they pay it for you after you have only ever paid them a small percentage of what that bill is? Hope you never need urgery or kill someone in a car accident.
I have a good idea. Lets shut down the businesses of these so called "back riders" and put them out of business.
Lets shut down the "middlemen - the people who buy and sell for profit" and put them out of business.
After doing this lets see how many businesses remain that provide jobs that don't "ride on the back of the working man" to create profit or wealth..
It is all these Back-Riders that have concentrated wealth, that are not circulating their wealth. So I suggest we place a CAP on their Back-Riding profits to limit how much wealth they keep stagnated.