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RANT Some People Just Don't Get It

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SEOguy

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Hard work ≠ money, VALUE does.

View: https://youtu.be/bTXPXy-9uJE


Not only does this old man not understand value output, he wants to punish those who bring the greatest amount of it into the world.

Pathetic.

</rant>
 

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Speed112

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Funny stuff.

I doubt any of those billionaires have actually ever made $1mil a month in real income. There's a reason capital gains are treated differently from regular income.

I don't understand how these people can imagine a billionaire as Scrooge McDuck hoarding their billions and not helping anyone with it. Those billions in wealth that they have are mostly all invested in huge-a$$ companies that employ thousands of people whose wages flow into the economy and keep going around.

Those billions are invested in equipment and real estate and infrastructure that is used to greatly multiple the value of those employees' labor so that they can get paid those unprecedently high wages and have the unprecedently high productivity.

It's incredible how much nonsense these people can spout and how little you actually need to learn to understand the absurdity of these claims. But hey... Envy is super blinding I guess.

I bet that jackhammer he was working on was provided to him by the business owner and was probably worth more than his monthly salary. Does he expect to be paid MORE if he did the work with his bare hands because it's harder, even though his output was 100x lower? lol

LTV is such a meme.
 

monfii

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I have to come to conclude that people that hate the rich actually hate themselves for failing to become so.

The principle now applies to all forms of success (financial, intellectual, artistic, etc): "you can't be successful cuz you make me feel bad about my own failure".
 

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IQ and education!
 

Kevin88660

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Hard work ≠ money, VALUE does.

View: https://youtu.be/bTXPXy-9uJE


Not only does this old man not understand value output, he wants to punish those who bring the greatest amount of it into the world.

Pathetic.

</rant>
What he fails to see if to be a billionaire one has to be open to new things and trends, and take massive risk while putting in more than 100 percent effort.

If you are talented and lucky to be funded by VC that is a different story but most billionaires have stories like near bankruptcy experience.
 

fearo

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He's an amateur .....he proved that when he was Governor of Minnesota.
 

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I have to come to conclude that people that hate the rich actually hate themselves for failing to become so.

The principle now applies to all forms of success (financial, intellectual, artistic, etc): "you can't be successful cuz you make me feel bad about my own failure".

I don't think this critique applies to Jesse Ventura.

Hard work ≠ money, VALUE does.

View: https://youtu.be/bTXPXy-9uJE


Not only does this old man not understand value output, he wants to punish those who bring the greatest amount of it into the world.

Pathetic.

</rant>

At the risk of being the unpopular voice in the room, I think "the old man" understands it just fine. I suspect he has generated more value than the commenters in this thread combined.

He also understands that there are way more people who will agree with him than will agree with you. I think maybe you just don't understand what this "old guy" is doing.

He's just giving the market what it wants.

All these people on here getting triggered. Love him or hate him, you aren't ignoring him. He's got his own TV show on a little watched channel. You posting this was a win for him. Frankly, I suspect he's better at what he does than you are at what you do.

Maybe once you've been amongst the elite at 3 or 4 different career paths, you'll see it clearer too.

Navy Seal, Superstar wrestler, Governor, NYT bestselling author. Additionally had an acting career and political commenting career. Jesse Ventura's rise to political prominence laid the blueprint for Trump's rise to political prominence.

Sure, he's the one that doesn't get it...

What he fails to see if to be a billionaire one has to be open to new things and trends, and take massive risk while putting in more than 100 percent effort.

If you are talented and lucky to be funded by VC that is a different story but most billionaires have stories like near bankruptcy experience.

This comment got me to thinking. Is this actually true?

I don't know the stats, but a lot of billions are inherited. I don't think these heirs and heiresses keep their billions by continuing to take "massive risk". Many minimize risk by gobbling up competitors. Sure, Musk, Branson, and Bezos enter new markets often from scratch and take risks, but are they the rule or the expection?
 

thechosen1

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I don't think this critique applies to Jesse Ventura.



At the risk of being the unpopular voice in the room, I think "the old man" understands it just fine. I suspect he has generated more value than the commenters in this thread combined.

He also understands that there are way more people who will agree with him than will agree with you. I think maybe you just don't understand what this "old guy" is doing.

He's just giving the market what it wants.

All these people on here getting triggered. Love him or hate him, you aren't ignoring him. He's got his own TV show on a little watched channel. You posting this was a win for him. Frankly, I suspect he's better at what he does than you are at what you do.

Maybe once you've been amongst the elite at 3 or 4 different career paths, you'll see it clearer too.

Navy Seal, Superstar wrestler, Governor, NYT bestselling author. Additionally had an acting career and political commenting career. Jesse Ventura's rise to political prominence laid the blueprint for Trump's rise to political prominence.

Sure, he's the one that doesn't get it...



This comment got me to thinking. Is this actually true?

I don't know the stats, but a lot of billions are inherited. I don't think these heirs and heiresses keep their billions by continuing to take "massive risk". Many minimize risk by gobbling up competitors. Sure, Musk, Branson, and Bezos enter new markets often from scratch and take risks, but are they the rule or the expection?
Ignoring most of this comment except the last paragraph.

Just wanted to say, billionaires, millionaires, whoever... They use DEBT extensively to build the business.

So like @Kevin88660 said, unless you are lucky enough to receive giant gobs of cash upfront from VC investors... You are going to play with fire somewhere along your journey.

That's how entrepreneurship works for most people.

Debt, growth, paydown, more debt, more expansion, paydown, more growth... etc.
 

BizyDad

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Ignoring most of this comment except the last paragraph.

Just wanted to say, billionaires, millionaires, whoever... They use DEBT extensively to build the business.

So like @Kevin88660 said, unless you are lucky enough to receive giant gobs of cash upfront from VC investors... You are going to play with fire somewhere along your journey.

That's how entrepreneurship works for most people.

Debt, growth, paydown, more debt, more expansion, paydown, more growth... etc.
True.

Personally, I consider VC money to be more risky than debt. I'm not sure that's "lucky".

What's the risk with debt? That you won't be able to pay it off and somebody will come away and take the collateral, or your whole company?

VC just the inverse. They come along at the beginning and take a cut of your company. Then you really have someone to answer to, and they can take your company for any numbers of reasons, under the guise of not stewarding their investment properly. It's not truly your company any more.

In the best cases the VC will work to mentor the founder, but often from the founder's point of view tht mentorship feels like loss of freedom. And your locked in, you can't just quit. It's your name and credit on the line.

Then once a company is public, the risk is to not have debt. If you don't have debt, some activist shareholder will claim you aren't maximizing shareholder value and again you risk being ousted.

So for us normal humans saying "near bankruptcy" is a big risk. Imagine living in a world where being too solvent is a risk...

At the end of the day, debt or investment capital are just tools, just a means to an end.
 

Tony100

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I don't think this critique applies to Jesse Ventura.



At the risk of being the unpopular voice in the room, I think "the old man" understands it just fine. I suspect he has generated more value than the commenters in this thread combined.

He also understands that there are way more people who will agree with him than will agree with you. I think maybe you just don't understand what this "old guy" is doing.

He's just giving the market what it wants.

All these people on here getting triggered. Love him or hate him, you aren't ignoring him. He's got his own TV show on a little watched channel. You posting this was a win for him. Frankly, I suspect he's better at what he does than you are at what you do.

Maybe once you've been amongst the elite at 3 or 4 different career paths, you'll see it clearer too.

Navy Seal, Superstar wrestler, Governor, NYT bestselling author. Additionally had an acting career and political commenting career. Jesse Ventura's rise to political prominence laid the blueprint for Trump's rise to political prominence.

Sure, he's the one that doesn't get it...



This comment got me to thinking. Is this actually true?

I don't know the stats, but a lot of billions are inherited. I don't think these heirs and heiresses keep their billions by continuing to take "massive risk". Many minimize risk by gobbling up competitors. Sure, Musk, Branson, and Bezos enter new markets often from scratch and take risks, but are they the rule or the expection?
I've not heard of him before but you're right he has an amazing list of achievements and I'm sure he has good intentions. However he makes the point in this video that your income should be linked to your time. This is a very damaging limiting belief to his (presumably) younger audience. A young person will then hate on the rich and think "I could never be like that, I could never have money, rich people are evil and should share". He's making people proud that they work hard for their money and shaming people who have passive income.

It would be better to teach his audience how they can get out of poverty or increase their wealth so they can stop living pay check to pay check. To celebrate success instead of just hating on people.
 

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BizyDad

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I've not heard of him before but you're right he has an amazing list of achievements and I'm sure he has good intentions. However he makes the point in this video that your income should be linked to your time. This is a very damaging limiting belief to his (presumably) younger audience. A young person will then hate on the rich and think "I could never be like that, I could never have money, rich people are evil and should share". He's making people proud that they work hard for their money and shaming people who have passive income.

It would be better to teach his audience how they can get out of poverty or increase their wealth so they can stop living pay check to pay check. To celebrate success instead of just hating on people.

I'm not saying he's right. I'm not saying I agree with him.

But people already hate the rich. He's not saying anything that isn't already being said by lesser known personalities. He's just feeding the machine the same way Trump, Alex Jones, Rush Limbaugh, Steve Bannon, Rachel Maddow, and many others do.

He knows his audience. Do you know how much press this video generated for free?

As famous as Jesse has been in his life, young people don't know him like my generation does.

But they'll hear him now. A maximum wage? Purely from a talking point, PR, spin machine point of view, that is a stroke of brilliance.

It's a simple idea that a lot of people will latch on to.

You want him to be Dave Ramsey or some such, but that's not his audience. Just because you don't want his audience to exist or to grow, doesn't mean he should change his tactics. Young, rich hating, government hating, oligarch hating people are the ones who will vote for him when he runs on the green party ticket. That's who will buy his next books.

Your comment is like saying "You know, McDonalds really should only serve healthy foods".

You're not wrong, per se. But that's a moral or ethical judgement, not a capitalistic one.

A comment like that shows you don't get their business model or their value proposition.

Instead of wishing they'd change, maybe you should just start a McDonald's competitor.

But the OP said money equals value. And obviously Ventura can create and extract more value with videos like this than he can by being a Ramsey or Kiyosaki clone.

So which side of the fence are we really on here? Is this really a pro free speech, give the market what it wants type of community? Or do those rules only apply when the people utilizing freedom agree with our beliefs?

Just some food for thought...
 

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There are some half-truths here but the sad thing is socialism will be pushed as a solution.

Yes, wealth inequality is real and true.

We have lots of billionaires because we have a very effective and efficient financial system. The opportunity is there for people that know how to use it and leverage it. The paradox to this is that it’s so efficient it’s actually inefficient.

When people feel like the system is unfair or rigged is when we have gotten off one end of the ship. The solution is somewhere in the middle where it’s not socialism and it’s not a brutal form of capitalism.

It’s one of those things where neither side is “right” or “wrong”.
 

Tony100

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I'm not saying he's right. I'm not saying I agree with him.

But people already hate the rich. He's not saying anything that isn't already being said by lesser known personalities. He's just feeding the machine the same way Trump, Alex Jones, Rush Limbaugh, Steve Bannon, Rachel Maddow, and many others do.

He knows his audience. Do you know how much press this video generated for free?

As famous as Jesse has been in his life, young people don't know him like my generation does.

But they'll hear him now. A maximum wage? Purely from a talking point, PR, spin machine point of view, that is a stroke of brilliance.

It's a simple idea that a lot of people will latch on to.

You want him to be Dave Ramsey or some such, but that's not his audience. Just because you don't want his audience to exist or to grow, doesn't mean he should change his tactics. Young, rich hating, government hating, oligarch hating people are the ones who will vote for him when he runs on the green party ticket. That's who will buy his next books.

Your comment is like saying "You know, McDonalds really should only serve healthy foods".

You're not wrong, per se. But that's a moral or ethical judgement, not a capitalistic one.

A comment like that shows you don't get their business model or their value proposition.

Instead of wishing they'd change, maybe you should just start a McDonald's competitor.

But the OP said money equals value. And obviously Ventura can create and extract more value with videos like this than he can by being a Ramsey or Kiyosaki clone.

So which side of the fence are we really on here? Is this really a pro free speech, give the market what it wants type of community? Or do those rules only apply when the people utilizing freedom agree with our beliefs?

Just some food for thought...
No, you're putting words in my mouth! I completely agree with you that he knows his audience etc. Of course he can say what he wants to, I'm not arguing he should be kicked off YouTube or anything like that. Equally I can disagree with what he's saying.
Your comment is like saying "You know, McDonalds really should only serve healthy foods".

You're not wrong, per se. But that's a moral or ethical judgement, not a capitalistic one.

A comment like that shows you don't get their business model or their value proposition.
The difference is that this guy worth $6 million (as of 2016) is pretending to be a leader for the working class people and be a voice for those living in poverty.

McDonald's whole selling point is not healthy eating. You know when you go to McDonald's that the food is unhealthy. You don't go there for good health. Whereas with this guy is not being authentic. There are people in this world living off $1 dollar a day. In the video you could swap the word "billionaire" with "millionaire". If there shouldn't be any billionaires, why should there be millionaires? Based on his logic why should he be allowed to be a millionaire?

But the OP said money equals value.
Again most of your reply isn't to do with what I said and is putting words in my mouth. I think money doesn't always equal value. E.g. house flipping benefits no one but yourself unless you renovate it. I think the OP means that usually (not always) people get rich by building a service/product that creates high value for others while giving them high income. I never said he shouldn't be allowed a platform? It is ok for me to criticize him without wanting to silence him and you are welcome to disagree with me. In fact I would rather you challenge my ideas!
Just some food for thought..
Is this a pun based on the McDonald's comparison? Lol
 
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SEOguy

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I don't think this critique applies to Jesse Ventura.



At the risk of being the unpopular voice in the room, I think "the old man" understands it just fine. I suspect he has generated more value than the commenters in this thread combined.

He also understands that there are way more people who will agree with him than will agree with you. I think maybe you just don't understand what this "old guy" is doing.

He's just giving the market what it wants.

All these people on here getting triggered. Love him or hate him, you aren't ignoring him. He's got his own TV show on a little watched channel. You posting this was a win for him. Frankly, I suspect he's better at what he does than you are at what you do.

Maybe once you've been amongst the elite at 3 or 4 different career paths, you'll see it clearer too.

Navy Seal, Superstar wrestler, Governor, NYT bestselling author. Additionally had an acting career and political commenting career. Jesse Ventura's rise to political prominence laid the blueprint for Trump's rise to political prominence.

Sure, he's the one that doesn't get it...



This comment got me to thinking. Is this actually true?

I don't know the stats, but a lot of billions are inherited. I don't think these heirs and heiresses keep their billions by continuing to take "massive risk". Many minimize risk by gobbling up competitors. Sure, Musk, Branson, and Bezos enter new markets often from scratch and take risks, but are they the rule or the expection?

Hernan, while I appreciate the ad hominem, my attack was on his fallacious argument, not his achievements. "Old man" is a factual statement, not a derogatory term.


And about the whole "billions are inherited" narrative....

BtR2ATK.jpg
 

Kevin88660

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I don't think this critique applies to Jesse Ventura.



At the risk of being the unpopular voice in the room, I think "the old man" understands it just fine. I suspect he has generated more value than the commenters in this thread combined.

He also understands that there are way more people who will agree with him than will agree with you. I think maybe you just don't understand what this "old guy" is doing.

He's just giving the market what it wants.

All these people on here getting triggered. Love him or hate him, you aren't ignoring him. He's got his own TV show on a little watched channel. You posting this was a win for him. Frankly, I suspect he's better at what he does than you are at what you do.

Maybe once you've been amongst the elite at 3 or 4 different career paths, you'll see it clearer too.

Navy Seal, Superstar wrestler, Governor, NYT bestselling author. Additionally had an acting career and political commenting career. Jesse Ventura's rise to political prominence laid the blueprint for Trump's rise to political prominence.

Sure, he's the one that doesn't get it...



This comment got me to thinking. Is this actually true?

I don't know the stats, but a lot of billions are inherited. I don't think these heirs and heiresses keep their billions by continuing to take "massive risk". Many minimize risk by gobbling up competitors. Sure, Musk, Branson, and Bezos enter new markets often from scratch and take risks, but are they the rule or the expection?
I think in the English speaking world there are quite a lot of old money. In East Asia (outside Japan) almost all extreme wealth are new money. This is because a lot of the old money are wiped out during Japanese occupation, communist revolution and post war land reform ( the landlord have their land forcefully sold to the government at a low price and redistributed to small farmer. It is an aggressive reform to prevent a wider communist takeover).

The first wave in are the people who owned manufacturing plants in the 70s and 80s when Japanese money were investing in south east asia for cheaper locations. In the 90s and later all factories went to China.

Then you have real estate developers who made the billions because real estate prices basically grow 30x during the last 40 years.

These are all asset heavy but relatively cash poor businesses. A factory plant owner who makes profit of 20 million a year did that on extreme low margin with high volume and lots of borrowed money. So when you get the cost wrong or fail to manage it for any reason profits can quickly dive into the negative territory. And a lot of the revenue are receivables for a long period of time. 1997 Asian financial crisis wiped out a lot of business people because not order your orders stopped coming a lot of receivables were defaulted. The same happened to real estate developers who cannot collect their rentals while banks are asking for more collateral at the same time.

These are the stories of “new old money” that were “old” compared to the last 20 years where young people are making money in consumer goods and internet businesses. People who accumulated wealth in manufacturing and real estates are always exposed to massive financial risk.
 

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