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re: Nice opinion piece on income inequality from CNN
Posted on 4/9/14 at 11:44 pm to Phat Phil
Posted on 4/9/14 at 11:44 pm to Phat Phil
quote:
Contrary to myth, most of today's plutocrats are not the kind of Steve Jobsian visionary risk-taking entrepreneurs or superstar celebrities. The .01%, for instance, tend overwhelmingly to be high-end corporate managers and executives, particularly on Wall Street, operating in interlocking networks that inflate the standard of what an executive is "worth
All these "Wall Street" type are working 10-12 hour days and busting their arse while the OP is probably working 40 hrs a week and complaining about it.
quote:
Extremely hard to make something out of nothing. All the rich or semi-rich people I know got a big help from their families. All of them. Yes it's possible to make something out of nothing but it's rare.
Is it hard than it was 30 yrs ago absolutely, hell it's harder now that it was 8 years ago. So many damned regulations won't hardly let people start their own businesses now.
I'm not in the 1% but I do very well for myself and is wasn't given shite. For the past 20yrs I've worked on average 50 hrs a week. I don't work in a Wall Street firm but it's close and I am in competition with those guys every day plus I do know a bunch of guys who do work on Wall Street.
Posted on 4/9/14 at 11:52 pm to bbvdd
quote:
I do know a bunch of guys who do work on Wall Street.
So do I, and there is no way I'd do the hours with no end in sight like they do.
Posted on 4/10/14 at 12:12 am to bbvdd
I find it funny that he seems to champion Steve Jobs in this article who was quite stingy with his fortune.
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