Rickson... if you want the exact opposite view of what the island in that article might look like, read Atlas Shrugged.
Only 1.4 million households in the US are earning $343,927 or more? I think several factors such as, hard work, persistence, education, intelligence, social skill, knowledge, secrecy, innovation, a fastlane idea, timing, and the luck to have enough of the things just listed, must be needed to get through such a small bottleneck.
Forza
EastSideWunda (Mar 22nd, 2012)
Originally Posted by Pete799p
SHHDlove I agree. I think they might be hoping that wall street will give them another handout since protesting is easier then entrepreneurship.
It comes down to the fact that somebody else is always at fault. 99% of people will do everything in there power to not take responsibility for their action, situation, even health.
My gosh I sooooooooooo cannot disagree with you both here,I reside in the caribbean and I was following it also, some of my relatives who reside in NY actually agreed "Yes, the rich should pay more in taxes than the poor" I looked at them in disbelief and blew them up for talking such smack. So because a guy/gal decides to do things different and work their way up the wealth ladder by not being lazy and waiting for Gov't to handout some other free gig, they should be penalized into paying more in taxes to cover people's lazy attitude? How selfish. No one gives you the opportunity to be poor other than yourself. Ok, so maybe not everyone will/has been privileged to gain wealth via fastlane status, but there are still ppl who are getting off their lazy butts and making life happen, yet still they should be penalized for their successes?! Soooo not cool.
I agree with you both!
The crazy thing about it though is that most ppl prefer to choose being lazy and risk opportunities of wealth just so they don't have to "lift a finger". Everything you mentioned will definitely assist in living a fulfilling, free life, yet most ppl just look at it and say - yeh rite! I guess because of all the lies they've been fed by Society!
Not this damn thread again...
"If you want to be rich, add VALUE to people's lives."
- Brian Sher
True, however if everyone tried to get on the fastlane the bottleneck would likely stay very very small. Lies or no lies it seems the millionaire statistic would stay pretty much the same.
But to get through you probably have to ignore this reality and press forward. Then if you do get through, you'll probably say it's all BS and anyone can do it with enough hard work(ok, maybe not you personally)
Forza
No. No. No. Only 1.4 million households are reporting that much or more, according to that statistic. That is why the advice is to always have a really good tax attorney who hires you a really good accountant.
My husband makes part of his living teaching people how to diminish their tax burdens and perhaps more importantly how to protect their assets (he uses his JD and 20+ years of law experience for good not evil
Don't think for a second that making that kind of money is so hard that only 1.4 million households in the US are doing it. It is the beauty of our tax laws here in the US that makes it "look" that way.
I hope this isn't too far off topic of the thread, I just wanted to address that "statistic" and the idea that the number represents some almost unbreachable barrier or some statistically significant bottleneck, it does not. It is just that once you get up into those incomes you have tools available in the form of very good attorneys and accountants that can and should be assisting you in seriously diminishing your burden.
Sue
If the number of households with $5m or more was 0.3% in 2006, what do you think would be the actual percentage today?No. No. No. Only 1.4 million households are reporting that much or more, according to that statistic. That is why the advice is to always have a really good tax attorney who hires you a really good accountant.
My husband makes part of his living teaching people how to diminish their tax burdens and perhaps more importantly how to protect their assets (he uses his JD and 20+ years of law experience for good not evil
Don't think for a second that making that kind of money is so hard that only 1.4 million households in the US are doing it. It is the beauty of our tax laws here in the US that makes it "look" that way.
I hope this isn't too far off topic of the thread, I just wanted to address that "statistic" and the idea that the number represents some almost unbreachable barrier or some statistically significant bottleneck, it does not. It is just that once you get up into those incomes you have tools available in the form of very good attorneys and accountants that can and should be assisting you in seriously diminishing your burden.
Forza
She'll never die! (unfortunately...)
I'm not a millionaire. I'm also rather pessimistic by many people's standards (especially on this forum). However, here's something you may find helpful whether you're a Wallstreet Occupier or an entrepreneur.
If you can justify an appropriate level of confidence somewhere along your entrepreneurial journey (not hubris or arrogance), then you would know you have a strong chance of making millions.
The surest way to get that confidence is likely found through 'DOING', not focusing on 'getting', or 'being'.
A focus on 'getting'/'having' makes you a bit like the Occupy Wallstreet protesters. They don't get anything.
A focus on 'being', doesn't really make much sense to me because most people can't decide to go from say, sad to happy just like that. You have to trigger the feelings you want, and that means doing something.
'Doing' things, especially things where you push your limits, creates mental fortitude, good feelings, and a certain kind of social presence when you interact with others. And it gets you through the bottleneck with less luck than if your focus were on 'getting' or 'being'. That said, even if you don't end up making millions, the least that you will get from doing what you truly want is a fulfilled life (assuming you live in a developed country).
Forza
I love the take from adam carrola! Great video. Are these OWS people still at it? Because no one cares anymore :-)
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A hardcore Texan in the commercial energy business.
CarrieW (Mar 15th, 2012)
If people are still talking about it (like this), then they must still care. The irony is that the point "nobody cares" is when "nobody talks". Respond if you care.
Visit http://www.ticonline.com now and read about how I became a millionaire shortly after 30 and how you can too!
I dont care
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A hardcore Texan in the commercial energy business.
I care... I just thought Kak's post was funny as hell...
"brick walls are there for a reason...they let us prove how badly we want things." Randy Pausch
These people have no idea what its really like. They denounce the 1% for unjust riches when compared to the world almost ALL of America is in the 1%. What they should do is stop whining and be grateful they were born into a country that gives them so many opportunities that many others dont have.
My fastlane business was put out of business as a direct result of the greed and corruption going on. Now I have to contend with Triple digit inflation on food and Fuel as I try AGAIN. Something those criminals won't even consider in their precious CPI. Not that I am giving up. I just think it's funny how some of you younger ones sit back and complain about the 99% while your mom is cooking your dinner and dad is paying your mortgage and they are trying to figure out how fund their retirement. I see both of these atittudes as sidewalk thinking. protesting is part of what makes this country great. Let's not forget that.
Kind of makes me wonder about the Commandment of control and why I put that particular commandment aside. If your not part of the FED, Control is an illusion. Nough said back to business.
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