Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Why the middle class doesn't get wealthy

Posted 13 years ago on Oct. 15, 2011, 8:11 p.m. EST by CuttheBS (143)
This content is user submitted and not an official statement

I think it's easy to blame the rich for getting richer, but there's also a reason why the middle class doesn't get wealthy. I read this in Rich Dad Poor Dad, and I thought it was very eye opening:

The middle class works for money, but to build wealth you have to let money work for you.

The average middle class family will have 2 jobs, and they will buy a house. Every month a good chunk of their income goes towards paying the mortgage, and they have very little left to save or invest. Repeat this process for 15 to 20 years, and you can see why the middle class family's situation doesn't improve much. Any time money comes in, it goes out. And if someone loses their job, then they're in big trouble. They thought owning a home was the American dream, but in reality it becomes their biggest liability.

In order to build wealth, you have to let money work for you. Instead of buying a home early, invest your money. Of course this involves risks, but no one gets wealthy without taking risks. You keep on investing your savings and reinvesting your winnings, and the compounding will allow you to build up your wealth quickly. Now let's say you're successful and you end up with a few million dollars. Now you can keep on investing that money in stocks, bonds, whatnot. You go and buy your home, and instead of allocating a substantial portion of your income towards the mortgage, the interest you earn on your investments will take care of that. And that's money working for you.

87 Comments

87 Comments


Read the Rules
[-] 1 points by greentara (78) 13 years ago

on top of that, most people say they are "struggling" but have cable, cellphones, plenty of clothes, maybe a car...wft?

[-] 1 points by technoviking (484) 13 years ago

i don't think i am any richer than my parents... but i think i have somehow managed to enjoy life much more! i have read more articles, watched more movies, films and documentaries, listened to more music, spoken to more people, thanks to the internet!

now if only i can download food and drinks off bittorrent

[-] 1 points by Travisk (6) 13 years ago

You don't actually believe "Rich Dad, Poor Dad"... do you?

It's just another scheme by the rich.

[-] 1 points by serenitychuck (7) 13 years ago

This is not about the middle class getting rich. It is about a middle class continuing to exist in this country. Almost gone now. About to be only the uber rich and the poor.

[-] 1 points by CuttheBS (143) 13 years ago

who told you the middle class is almost gone? let me guess, you're going to say "wake up, pay attention" instead of actually backing up your absurd statement.

[-] 1 points by iam99pct (115) 13 years ago

What is this a "buy gold" infomercial?

Wise up: http://www.youtube.com/watch?v=hYIC0eZYEtI

[-] 1 points by CuttheBS (143) 13 years ago

Did I mention gold?

[-] 1 points by jameswestonmusic (222) from Los Angeles, CA 13 years ago

I could care less about getting rich. I don't need possessions, other than my music gear. I Occupy because I see the mistreatment of people, animals, and the natural world in the name of profit. How utterly disgusting it was when all the oil surged into the gulf. I was going to play a benefit concert for local fishermen at the House of Blues in New Orleans. Then, all of the sudden, the gulf was "clean" in less than a couple of weeks. Just in time for shrimp season (60% comes from the gulf). Funny enough, the corporate sponsors pulled out because it wasn't big news anymore. This is the void between true humanity and greed. There are UNLIMITED examples of this carelessness. Just look for yourself, it is a sickness. I say, if wealth is your goal, good for you. But don't knife the back of your neighbor, or worse yet, your own children for that new mansion.
As I see it, there is no argument as of why there is an Occupy Wall Street, we all REALLY know why it is going down. There is only what we need to accomplish, in true democratic fashion, to re-balance the scales.

[-] 1 points by CuttheBS (143) 13 years ago

the sad thing is you have the liberal media convincing you that the rich screws everyone to get rich. maybe that's true for a select few people. But for most people who are doing well, making at least 6 figures, they put in an honest day of work. Unfortunately this class divide starts in high school, where you have the group of students in honor classes and then the rest. Most likely the honor students are the most driven, and the rest didn't care about school and got B and Cs. Honor students go to college and learn something useful then get good jobs, B and C students again just coast through college with some meaningless degree. That's just the structure of our society. There will be those who succeed and those who don't. Now, for the honor students who really dedicated themselves for years in school and at work, is it fair that they are being vilified by the B and C students because they're successful? I understand this is a generalization, I'm just getting across the point that most people who are rich put in an honest day of work.

[-] 1 points by jameswestonmusic (222) from Los Angeles, CA 13 years ago

democracy needs a little help, especially from hard workers like yourself. just consider it your "donation" to life, liberty, and the pursuit of HAPPINESS

[-] 1 points by jameswestonmusic (222) from Los Angeles, CA 13 years ago

the class divide starts at birth. your parents job is to nurture you and help to develop not only a respect for hard work and dedication, but also teach you lessons as you grow.
people don't just decide to apply themselves in high school, with the idea that they can "be rich" if they work hard and get a 4.0. that idea can be debunked easily.
i believe you are not too far off of the beliefs of many that support this cause. this fight is against the top .005% of America. I am sure you are not raking in 90 million a year by lobbying politicians, getting them elected, then cashing in without any ethical compass.. destroying the environment of "your childrens future" both natural and economical.
you belong here, ready to march for their freedoms.
If only you would research companies like MONSANTO, BP and EXXON and see what power they truly hold over us, you might change your tune. I say to you - WORK HARD, BE ETHICAL, BE PEACEFUL, and PROTECT THE FUTURE. oh, and gather your own "news". the truth is out there, that is why I am here. Clock is ticking

[-] 1 points by soloenbarcelona (199) from Barcelona, CT 13 years ago

Very good book, but outdated. Still some good idears, but you can´t solve any of today problems by making everyone read the book. The oposite, you make the problems worth.

Still I agree that working for a (little) wage all your life is not very satisfiing, especially not if you believe that during the next few years we might get 100% inflation on a yearly basis.

My advise is the next: Know what you like and what you are good at and look for a country where you can use your energy and skills. Borders should open in the next few years (for us to work almost anywhere in the world) and of you go, pack your bags and make this a better world. Our leaders can only help us in opening the borders, for the rest they are trapped aswell. Still really hope the rich can fight poverty a little more!

But as long as we live in todays situation: Learn, read, hit the street and make sure your representatives start representing you.

[-] 1 points by LaughinWillow (215) 13 years ago

The vast majority of workers - including the middle class and the poor - have not seen real wage increases in FORTY YEARS. And the problem isn't people not "getting rich." It's people not GETTING BY. We have thousands of people dying every year from preventable and/or treatable illnesses because of the lack of basic health care. We have one of the highest child poverty rates in the industrialized world. Most people don't have money to invest - whether they have a mortgage or not. Maybe the upper middle class - but even they are a minority at this point. Most people are making around $30,000 a year (if they're lucky). That is directly due to the wealthy refusing to raise wages despite making enormous profits and increased worker productivity.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

Despite the fact that we have the resources and technology to produce a near unlimited amount of anything, capitalism has left 46 million in poverty, 16% underemployed, 1 in every 5 kids in poverty, 25% of all blacks in poverty, 97% of all workers earning a below average income, 52 million without health insurance, and 55% of all workers doing pointless jobs that can be automated with existing technology.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

The middle class isn't wealthy because all the income goes to a small handful at the top.

If income was allocated fairly, EVERYONE would be wealthy. Workers would get a minimum income of $115,000 per year.

Capitalism doesn't work and never has worked.

97% of all workers make a below average income.

That is not because everyone in society is a loser. It is because this system is designed to only work for a very, very small percentage of the hard-working, responsible, effective workers.

The only way the economy will work for everyone is if we guarantee everyone equal pay for equal work. Capitalism has got to go and income needs to be allocated democratically.

Capitalism, soviet communism, chinese socialism, fascism, they are all unfair systems of inequality. Liberal democracy is the source of the only good in this world where people are given the EQUAL right to FREEDOM - the freedom to live how you want without political coercion or restraint and without economic coercion or restraint.

http://occupywallst.org/forum/are-you-rebels-or-revolutionaries-choose-revolutio/

[-] 1 points by GoAway (8) 13 years ago

Why should I make the same as somebody who never finished high school? Socialism doesn't work because it lacks INCENTIVE. Why work hard if you'll make the same weather you work hard or not?

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

Read the content at that link. I don't think everyone should get paid the same.

If we paid difficult jobs, all the jobs that require hard labor or high skill, twice as much as jobs that were not difficult, difficult jobs would get paid $230k and the rest would get paid $115k.

And within those 2 categories, you can have performance based jobs which enable you to earn double your income.

Being able to earn 4 times your income is plenty incentive to get maximum effort out of everyone.

And socialism does work. NASA works, the National Science Foundation works, schools work, public universities work, Veterans Hospitals work, police departments work, fire departments work, the FBI works, the CIA works, the military works, the post office works, garbage collection works. And the Nordic countries, which have the most socialism of all the developed countries, have the highest standard of living in the world, the highest quality of life in the world and the citizens with the most happiness in the world directly because they have the most socialism in the developed world.

[-] 1 points by Usefulidiot987654321 (8) 13 years ago

So I assume it's ok with you Einstein if I pay you $115k for an entry level position of picking lettuce by hand in 100 degree heat in the sun-scorching field, while the fence jumping mexican gets promoted to field supervisor and rides in the John Deere truck at the same $115k salary.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

It is interesting that you mention Einstein since he is one of the many who advocate this system.

If you take the time to read the link, difficult jobs (jobs that require hard labor or high skill) get paid twice the amount. So farming would get paid $230k and drivers would get paid $115k.

But nobody should be picking lettuce. We have the technology to automate 55% of the jobs we do.

[-] 1 points by GoAway (8) 13 years ago

One word. Inflation.

Also, we would then lose innovation. If you have guaranteed work, why bother breaking the mold and trying to make something new? Innovation is a risk. Start-ups are a risk. Yet people create them because they think they can make it big. Without it, we would cripple our growth.

[-] 1 points by Usefulidiot987654321 (8) 13 years ago

Another word...Demographics!!

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

Reallocating existing income does not cause inflation.

We are not increasing the total income that is getting paid out. All we are doing is reallocating existing income. So on average, costs will remain the same. And since costs will remain the same, prices will also remain the same.

For example, if a company has just 2 workers and one was paid $200k and the other was paid $30k, their total costs would be $230k.

If they decided to reallocate income so that they were both paid $115k each, their costs would still remain $230k. Since their costs didn't change, their prices won't change.

Companies must remain profitable and they will compete,so you are not guaranteed a job and you must remain competitive. All the same incentives that exist in today's system to remain innovative will continue in this system.

NASA, NSF which does all our basic science research and makes most innovations possible and the NIH which does most our medical research are probably the most innovating organizations on the planet. And they have zero profit and zero competition.

[-] 1 points by GoAway (8) 13 years ago

I understand your point, however the point I should have made is that wealthy people tend to save more. If you take from the guy with 200k and give 85k to the guy with 30k, you're giving money from somebody who is probably a saver to someone who is probably a spender. (I'm acting under the assumption that most who get rich do so by saving. America still has many self-made millionaires who work jobs that pay 30-40k but have saved their money.) Even if you don't want to make that assumption, realistically, the man or woman (henceforth "man") who makes 30k contributes a larger portion of their income to necessities like food, utilities etc. By giving them 85k more, they may spend the entirety of that 85k, whereas the man with the 200k might have saved it. This increase in demand would push prices up, thus leading to inflation.

Also, in regard to your reply to Usefulidiot987654321 1’s, does this mean that you accept that there will be high joblessness? We have far more people who are able and willing to do low-skilled jobs that require hard labor. We cannot possibly hire all of them at such high wages. What is your suggestion in response to this?

I am confused regarding your point about competition and jobs that are not guaranteed. Are you suggesting then that 115k would be the minimum wage? Or are you saying that, for example, a company budgets 5 million for spending on all of its workers, and if it hires more, it will decrease wages?

While I cannot dispute or support your claim that NASA and NSF are innovative organizations due to a lack of information, I would dispute your claim regarding NIH. There are plenty of medical companies in the world which it must compete against. Also, we cannot measure an organization’s innovativeness against itself. Relatively speaking, the amount of innovation it achieves might be paltry.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

GDP is made up of part investment and part consumption. The incomes I cited are based on the amount we are currently consuming. So it would be exactly equal to the amount we are spending today (given today's rate of saving and how much of that saving is used for investment instead of consumption).

Managers of companies will be required to constantly improve the efficiency of companies by automating tasks in order to produce with less labor. Automation will become a priority.

There will be no jobs like waiters in a democratic economy. People only become waiters out of desperation.

Wasting a human life, the most sophisticated piece of machinery in the universe, on moving a plate of food from one end of the room to another is a criminal waste of the most valuable resource we have.

Waiters along with 55% of all the jobs we do will be immediately automated with existing technology.

This will create a constant stream of newly unemployed workers. So another thing we will hold the overall economy accountable for is full employment. We will invest whatever amount is necessary to maintain full employment. We will never run out of work to do.

This will keep the economy growing, more efficient and more dynamic than the current economy.

The amount people get paid will be determined democratically. So companies will have to conform to whatever the compensation scheme is. Companies must also maintain profitability. However, since they do not have the ability to lower worker compensation, they cannot get an advantage on the competition by paying workers less so that they can lower their prices. The only way they can gain efficiency on the competition is by real efficiency; they must produce with less labor.

[-] 1 points by CuttheBS (143) 13 years ago

"97% of all workers make a below average income."

where the hell do you get stuff like this?

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

The total pre-tax income in 2010 was $13.7 trillion. Divide that by the 100 million full time workers and 35 million part time workers and you get an average income of $127,000 per year.

Those numbers are published at bea.gov

At census.gov, you can see that 97% of all workers make less than $127,000 per year.

Most people have no clue how unequal our society is.

[-] 1 points by CuttheBS (143) 13 years ago

You should be looking at median income, not average. The average get skewed by the very poor and the ultra rich. Median household income in the US is somewhere around $50K.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

You should look at median and ignore average if you don't want to see how badly you are getting ripped off in this system.

If we had a fair system, the median would be close to the average.

Median income is $33k. The average income is 3.5 times more than what 50% of all workers make!

Yes, it gets skewed by the rich. That is the point!

They consume so much of the income that nothing is left over for everyone else. When 97% of all workers are making less than the $127k average, something is terribly, terribly wrong.

[-] 1 points by CuttheBS (143) 13 years ago

ok then go start a business that will pay all your workers $127K a year. problem solved.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

I think I see the confusion. Read my comment above. I think income should be allocated democratically, not the way it is currently. We should pay everyone a minimum of $115k.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

You are missing the whole concept of average.

Average means that everyone who makes more than $127k will make less money. And everyone who makes less than $127k will make more.

If I just pay $127k to everyone who makes less than $127k and do not also pay $127k to the people who currently make more than that, I'm not paying out an average income. All I am doing is increasing total income. And that will raise prices.

And since I will never be able to employ everyone, the unemployed people will be willing to work for a competitor for a lot less and they will be able to beat me out in price, eventually driving me out of business.

You can't do it unless you do it for the whole economy.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

What incentive would someone who makes millions have to work at my company for $127k?

[-] 1 points by CuttheBS (143) 13 years ago

None, but I thought you're for the 97% who makes less than 127K. anyways, we're going in circle here. I'm done here

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

How do I put this into practice and test the idea? Do I start my own country?

[-] 1 points by CuttheBS (143) 13 years ago

umm...by starting your own business...

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

That is not how average works.

Unless workers who currently make millions of dollars are willing to come work for me at $127k, all I will be doing is increasing price. It won't work.

[-] 1 points by CuttheBS (143) 13 years ago

but only 1% make millions right? And like you said 97% of the people make less than $127K a year, that's not enough people willing to work for you?

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

It is bizarre how people are so against their best interest. Allocating income democratically would be a guaranteed, significant increase in income and all people want to do is bring up unfounded reasons why we should keep the current system and keep getting paid terrible, below average incomes.

It is bizarre. I guess brainwashing works.

[-] 1 points by CuttheBS (143) 13 years ago

maybe people are brainwashed, and they don't believe your system will work. if you're trying to convince people then you should at least have to set an example. yet you're not willing to go out there and put your theories into practice, all you want is for other people to change their ways and listen to you. the world doesn't work that way.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

A business owner does not have the power to control the allocation of the nation's income.

That can only work if allocation of income is set nationally.

[-] 1 points by CuttheBS (143) 13 years ago

If you can create a sustainable business that pays a minimum of $127K a year, then other like minded people will do that too. And now pretty much everyone will want to work for you, so if other businesses want to keep their employees, they will have to raise the pay to match or surpass you. So go out there and do it, this is your chance to make history.

[-] 1 points by anom8675309 (2) 13 years ago

"Capitalism doesn't work and never has worked."

Go back to school.

This country was based on capitalism and is the reason we have thrived. However, It has become corrupt and that is why we are at this crossroad.

Refocus is needed.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 13 years ago

Our wealth comes from science not capitalism! Capitalism just allocates that wealth unequally.

[-] 1 points by beautifulworld (23828) 13 years ago

And where do you live while you're investing your money? Rents aren't that much cheaper than mortgages. This is called capitalism, by the way. Build capital and make money. It's nothing new. It's just some guy making a ton of money off a book that spews nothing new.

[-] 1 points by HigherGood (2) 13 years ago

You have to invest because first, many people literally don't get paid enough to be able to save much, and second, everyone is continually pressured to consume.

The idea of investing your way to health, wealth, security, etc. has been shoved down all our throats for years now. But the games are rigged and we mostly lose. The predators on Wall Street need our dough, but we should NOT give it to them.

There has to be a better way.

[-] 1 points by armchairecon (138) 13 years ago

Globalism/outsourcing leads to lower domestic salaries.. raises standards of living in the countries where they move to, and as costs increase enough, companies seek out the next lowest cost labor force. The previous country's growth slows. While this decreases the middle class in the previous countries, it increases the world's middle class base. This results in increased net demand for corporations (Thats why corporations have record profits even though we are in a recession). As labor arbitrage narrows, worldwide standards of living will steadily increase globally. This will require countries to manage their resources carefully, reducing waste and inefficiencies (ie: bureaucracies) to compete.

Alternatively, an individual may opt out of playing this game by learning a skill that creates more value and not becoming dependent on a job anyone can do. Your destiny is in your hands.

[-] 1 points by concernedinutah (102) 13 years ago

We need campaign finance reform first and foremost! Right now the corporations have the politicians bought and paid for through the current system of legalized bribery we have.

[-] 1 points by TheWarmOne (20) from Warrenton, NC 13 years ago

But why must the middle class get poor? This whole supply side idea has depleted the ranks of the middle class to such a a degree that it seems pointless to talk about them as if they exist anymore.

From my POV, trickle down has turned into sweep it up.

[-] 1 points by CuttheBS (143) 13 years ago

it's not middle class get poor, but the middle class is not interested in becoming wealthy(not that they don't want to, but their actions don't indicate so). like another poster said, they just want to buy their luxury goods and watch reality tv. what if everyone set aside an hour a week to think about how you can start your own business or learn about investments, i think we would all be at a better place.

[-] 1 points by TheWarmOne (20) from Warrenton, NC 13 years ago

Surely there is some truth to what you are saying, but it doesn't work as as a sweeping generalization. The statistics show a decline in real middle class incomes since the advent of "supply side" theory in the 1980s. The statistics also show a decline in employment opportunities relative to the class of unemployed individuals.

Meanwhile, real incomes for the top 1% have risen 80% over the last 30 years.

Do you dispute those facts?

[-] 1 points by CuttheBS (143) 13 years ago

I'll have to see all the statistics myself, these sort of reports tend to combine capital gains and salary into income. From a capital gains perspective, it would make sense since the wealthy are mostly investors or business owners, and the S&P 500 index has gone from 100 in 1980 to 1200 today. So I can see how the rich can get exponentially richer. I don't disagree there are problems with the system, but I don't think one can simply point fingers at a certain demographic and say its all their fault because you're not doing better than you had hoped.

[-] 1 points by SovereignFreedom (35) 13 years ago

If we had banks that didn't practice usury Middle class could buy the home and do all that other stuff too, but we have been getting screwed by the banks

[-] 1 points by sickmint79 (516) from Grayslake, IL 13 years ago

you also have to take risk and often put in much more effort - and many people are averse to both. no matter anyway because you just need a good standard of living to be happy, you don't necessarily need to be wealthy.

[-] 1 points by armchairecon (138) 13 years ago

I think the poor get subsidized (via welfare), the rich get subsidized (via bailouts) and the middle class bears most of the brunt. The problem is that the middle class works for the rich and is kept happy enough living a life distracted by the Jersey Shore, the Kardashians and living aspirational lifestyles by buying Tiffany, LV and BMWs. Counting their purses, SUVs, and shoes is much more interesting than investing in boring stocks, not to mention the government will always be there with SS and Medicare for when you get old.

[-] 1 points by pconlon (6) 13 years ago

This is a great video from Occupy Pittsburgh. http://www.youtube.com/watch?v=uYkGjhc6-kc

[-] 1 points by Wander (9) 13 years ago

...And if you don't have any access to significant amounts of money, like most people and future generations, you can do what with what? Take a look at minimum wages and the cost of living, and see what's available to invest, even if there was something which wasn't crashng every 5 minutes. What do you do? Cry, maybe? Get foreclosed, like 6 million American families? This system simply doesn't work any more. It's so absurd to see "rich" people talking about the poor as though they had a clue. There are a lot fewer rich people now than there were 3 years ago, and there'll be a lot less if another crisis hits. If you're so wealthy, start looking at your own bottom line, because you'll see the ever-increasing chances for a very large hole in it soon enough.

[-] 1 points by Dontbedaft (155) 13 years ago

So you are saying there are no people who are rich now, who started on minimum wage? A bit insulting to the brilliance of some people who do change their lot in life. Just cause you haven't done it, doesn't mean it can't be done.

[-] 1 points by Wander (9) 13 years ago

Yeah, but how many of those are there, out of 328 million people in the US? Not exactly a crowd, is it? I've spent long enough down the tube, fought my way out, so I don't disagree with your basic point, but how "entrepreneurial" can you get when keeping a roof over your head is the main issue.?

[-] 1 points by Dontbedaft (155) 13 years ago

See below

[-] 1 points by CuttheBS (143) 13 years ago

You can work hard, go to college, get straight As, and work on Wall Street. I know plenty of people in their mid 20s making 6 figures, and they bust their butts working long hours and almost everyday of the week. Or learn a new trade, learn to code, make the next Angry Birds. There's a lot of things you can do, as long as you're willing to explore them.

[-] 1 points by Wander (9) 13 years ago

With any luck, the New Economy, which encourages this sort of DIY success and is much more flexible, will achieve that. I met a kid who'd done beta testing for World of Warcraft at age 12 in the UK, while doing employment advisory work. He wanted to know what he could do with his talent, so I more or less naturally said "have you thought about going into business?" He hadn't. People need to believe they have a chance, as much as they need to bust their butts. Don't be surprised if the next Bill Gates or Steve Jobs comes from the UK, though.

[-] 1 points by IndenturedNation (118) 13 years ago

I know plenty of people who work 12hr days for years and make tons of money for a bunch of companies but they'll never get reward or recognition. You are dreaming. You have to be an entrepreneur and have both skill and a lot of luck to succeed, or be one of the elite then you can screw around as much as you want, take credit for the accomplishments of everyone below you, and get big bonuses no matter what you do. All of this is because corporations are too big. Once they establish a niche and control it they try to protect their established elite people by resisting anything that threatens the status quo both inside and outside the company, whether it is a competitor from outside or a peon with too good of an idea from inside. But they legally own the peon's ideas and they can and will prevent the peon from pursuing their ideas elsewhere. The system is rigged, it is not fair. This is not the country I grew up to believe in.

[-] 1 points by CuttheBS (143) 13 years ago

"You have to be an entrepreneur and have both skill and a lot of luck to succeed".

You have a defeatist attitude, if you think you can't do it, then you won't go do it. You're defeated before you even try. All I'm saying is, Angry Birds did not exist a few years ago, neither did Zynga, Groupon, Living Social, etc. You can do it if you just try. No guarantees, but you have all the opportunities in the world. If you won't even try, then you have no one to blame but yourself.

[-] 1 points by godsfury83 (34) 13 years ago

I agree with that idea and I was told that years ago but I have a problem every time I get the money to invest in say, Gold and silver, some company appears and says you owe us money, which is funny because i've paid off my debt, so my question to this, (since you've got knowledge), is: How do I get rid of these mooch companies so that I can invest?

[-] 1 points by brochompsy (91) from New York, NY 13 years ago

"...but no one gets wealthy without taking risks."

Tell that to generations of sons and daughters of millionaires.

[-] 1 points by Dontbedaft (155) 13 years ago

Don't worry, if they haven't got the right mindset, they soon loose it.

[-] 1 points by brochompsy (91) from New York, NY 13 years ago

That's not necessarily true. Great grandchildren of wealthy millionaires can simply stay wealthy off of the interest accruing from their bank accounts or investments that occurred before they were born.

[-] 1 points by Dontbedaft (155) 13 years ago

Yes but they don't. We can all be rich by saving and spending less than we earn. We can all be fit by eating healthy and exercising an our a day. Shoulda coulda woulda. We don't do it

[-] 1 points by CuttheBS (143) 13 years ago

So you're upset you weren't born rich.

[-] 1 points by brochompsy (91) from New York, NY 13 years ago

Hell yeah.

[-] 1 points by CuttheBS (143) 13 years ago

doesn't sound like you're a girl, or I'd say you could still marry into money

[-] 1 points by brochompsy (91) from New York, NY 13 years ago

Well, girls can be rich too. My girlfriend makes way more than I do.

[-] 0 points by Dontbedaft (155) 13 years ago

Excellent post. Money does not a rich person make, anymore than standing in a garage makes you a car. Being rich is about thinking and therefore doing differently to the middle class and poor. Excellent post.

[-] 0 points by Abridge3141 (117) 13 years ago

DEAR INDIVIDUAL READING THIS, What must we as people do to fight this grave injustice inflicted upon us, by the ones who lust for power? How can we end the reign of the wicked and immoral and mete JUSTICE upon the oppressors as we have suffered from their hands-their blood stained hands... An idea of REVOLUTION-no, the act of revolution enacted by the proletarians! Must we as individuals ,as is always done, remain pawns to these people, these monoliths that we alone as individuals cannot surmounted...I surmise that we are not ignorant to the woes inflicted upon us by their enormities? We must UNIFY! Unity will be the way in which we assert ourselves!...While I realize all are not are not without income or funds and many cannot unify with this growing movement do to reasons of possible opposition and they being the people I'm question who we oppose (Wall Street), and many have responsibility they must tend to that take precedence. We must rise and vanquish this behemothto restore the equilibrium, for when disturbed it causes much chaos and strife in the hearts of man( man being neutral to represent all genders) in his mind and when mans mind and soul are in chaos as many are they rise to vanquish the pestiferous wealthy. However we should not just target these individuals, each of us individually must confront the corruption in our hearts, how can we judge the corrupt and deem them so when we cannot be amenable for ourselves we will surely be deemed hypocrites as we will be.....I am not meaning to say that this protest is in any way unjust, for far too long have we suffered, I mean that we are expected to expiate our sins -assume our parts in the problems we face and how we may have caused it. Yes, the Bankers on Wall Street are corrupt in ways we don't have evidence of without an investigation. But as we suffer soshall they, for we will make it so. But what of our government I say, my fellow citizens do not neglect to Confront the complicit in this affair for the roots of corruption are deeply seated, we have silent enemies amongst us-be warned that although succession in our goals will happen we may face a greater threat to our rights granted unto us from birth be prudent and circumspect. Another issue I wish to address is the idea of mans continual corruption as all things will be permeated with this darkness Inside our hearts.......when a system is created it always deviates from the righteous path, for nations we have learnt of in our education are littered with tales of nations that became corrupt and faded Into the ruin of collapse, we know that a society without corruption is utterly inconceivable, impossible in ways each and everyone of us know...for as long as men exist so shall our inner evil....but I digress from my original Intent of this passage and I ask forgiveness as we must forgive all in all eventual....the rising potentiality of this movement is quite an astonishment, I thought we were not capable of such things and thus I admit I had less faith in my fellow man. I see that we have all come to the realization of the need to bring the greedy to justice, although the reasons for your protesting may be unique to you, you share many goal, I had prognostications, inklings seems more appropriate of a term, that one day man would wake to realize the greater truth outside of his/her reality, and break the cycles of obsession with superficial base needs and trite motives, a dull and predictable lot we were but we've surpassed that I hope....for if not we will founder and fall Into the patterns we had grown so accustomed to, living such prosaic pedestrian lives stultified by the elite and of our own ignorance we always have the means to educate ourselves in this age, we have no limits to what we may learn based on our status in society, the powerful can no longer succeed in keeping us stupefied we have freewill to reason and learn and form our own ideas, ideas that would otherwise have died by the hands of the bigots! Our endeavours shall be crowned with fruition of our goals for our will allows it, we have broken free from the will of the oppressors.... part...now it is your turn...as Desmond Tutu stated "If you are neutral in situations of injustice, you have chosen the side of the oppressor." YOURS TRULY- Aaron Thomas Bridge

[-] 1 points by armchairecon (138) 13 years ago

holy wall of text, batman

[-] -1 points by atki4564 (1259) from Lake Placid, FL 13 years ago

Exactly. Many more people will come to your side when you are proactive (for “new” Business & Government solutions), instead of reactive (against “old” Business & Government solutions), which is why what we most immediately need is a comprehensive “new” strategy that implements all our various socioeconomic demands at the same time, regardless of party, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves; that is, using a Focused Direct Democracy organized according to our current Occupations & Generations. Consequently, I have posted a 1-page Summary of the Strategically Weighted Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:

http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures

Join

http://finance.groups.yahoo.com/group/StrategicInternationalSystems/

because we need 100,000 “support clicks” at AmericansElect.org to support a Presidential Candidate -- such as any given political opportunist you'd like to draft -- in support of the above bank-focused platform.

Most importantly, remember, as cited in the first link, that as Bank Owner-Voters in your 1 of 48 "new" Business Investment Groups (or "new" Congressional Committees) you become the "new" Congress replacing the "old" Congress according to your current Occupation & Generation, called a Focused Direct Democracy.

Therefore, any Candidate (or Leader) therein, regardless of party, is a straw man, a puppet; it's the STRATEGY – the sequence of steps – that the people organize themselves under, in Military Internet Formation of their Individual Purchasing & Group Investment Power, that's important. In this, sequence is key.

Why? Because there are Natural Social Laws – in mathematical sequence – that are just like Natural Physical Laws, such as the Law of Gravity. You must follow those Natural Social Laws or the result will be Injustice, War, etc.

The FIRST step in Natural Social Law is to CONTROL the Banks as Bank Owner-Voters. If you do not, you will inevitably be UNJUSTLY EXPLOITED by the Top 10% Management Group of Business & Government who have a Legitimate Profit Motive, just like you, to do so.

Consequently, you have no choice but to become Candidates (or Leaders) yourselves as Bank Owner-Voters according to your current Occupation & Generation.

So please JOIN the 2nd link so we can make our support clicks at AmericansElect.org when called for, at exactly the right time, by an e-mail from that group, in support of the above the bank-focused platform. If so, then you will see and feel how your goals can be accomplished within the above strategy as a “new” Candidate (or Leader) of your current Occupation & Generation.