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Thread: Millionaires shrug off the downturn

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    Millionaires shrug off the downturn

    No surprise. The wealthy can afford those to help keep their coin, and every time government tries to screw the wealthy, they screw those they claim to want to help by limiting employment opportunities, and making it tougher to rise up the ladder.

    Millionaires across the world are now richer than they were before the financial crisis, the latest sign that the wealthy have weathered the downturn far better than other groups.

    The report also found that 83 per cent of the world’s global millionaires were over 45 years old and 73 per cent were male. (Zimmer Note: I guess we need a government program to correct this injustice.)

    The report, one of the most comprehensive annual pieces of research into the world’s wealthiest individuals, indicates that millionaires in European countries with high levels of debt and sluggish economic growth are struggling to keep pace with their Asian peers.

    Millionaires shrug off the downturn - FT.com
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    Re: Millionaires shrug off the downturn

    But they're a little less wealthy today than they were yesterday as initial claims for unemployment came in worse than expected:

    Stocks tumbled more than 1 percent at the open Thursday after weekly jobless claims posted a surprise gain and following the Federal Reserve's tepid economic outlook.

    The Dow Jones Industrial Average tumbled below the psychologically-important 12,000-mark at the open, led by Alcoa and Chevron after closing lower in the previous session.

    Stocks Fall After Jobs News, Dow Plunges 200
    Just remember this: John Jacob Astor IV was the wealthiest person on the Titanic when it sank. He drowned, too.
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    Re: Millionaires shrug off the downturn

    Sadly, those that worship money and wealth never have enough. They can't get no satisfaction.
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    Re: Millionaires shrug off the downturn

    They shrug off every downturn, pretty much. No surprise.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Millionaires shrug off the downturn

    Lower taxes than Reagan gave the wealthy, but we're "screwing" them?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Millionaires shrug off the downturn

    Quote Originally Posted by StillBallin75 View Post
    They shrug off every downturn, pretty much. No surprise.
    Of coures it's not a surprise.

    That's ths ultimate benefit, perk and interest in being rich.

    that's what I want - I want to be untouched and unbothered by economic struggles, wealthy, sustained and living in a dream world - drinking away my loneliness and ****ing my husband whenever I want.

    **** being poor, damn . . . I have a dream, too. . . and if my dream comes true I won't give a damn about anyone else because I can afford to be selfish. And people lie whe nthey say they wouldn't want ot live without burden.
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    Re: Millionaires shrug off the downturn

    Quote Originally Posted by Aunt Spiker View Post
    Of coures it's not a surprise.

    That's ths ultimate benefit, perk and interest in being rich.

    that's what I want - I want to be untouched and unbothered by economic struggles, wealthy, sustained and living in a dream world - drinking away my loneliness and ****ing my husband whenever I want.

    **** being poor, damn . . . I have a dream, too. . . and if my dream comes true I won't give a damn about anyone else because I can afford to be selfish. And people lie whe nthey say they wouldn't want ot live without burden.
    Had a few drinks, AS?

    In all seriousness, rich/wealthy people have their burdens as well, and their own problems to worry about just like anyone else.
    Last edited by StillBallin75; 06-23-11 at 01:30 PM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Millionaires shrug off the downturn

    Quote Originally Posted by StillBallin75 View Post
    Had a few drinks, AS?

    In all seriousness, rich/wealthy people have their burdens as well, and their own problems to worry about just like anyone else.
    No - I'm sober Haven't had a drink in way too damn long, actually.

    but, seriously - no. That is why many people view the rich or well off as being exception of worthy of support. Because if *they* were rich they'd *want that* and see it as going hand in hand. I most certainly do.

    Many of my views in life aren't on behalf of others - they're on behalf of myself and my children from experiences I've had, situations I've been in and problems I've dealt with. . . I don't hold m yviews so much for the benefit of others, but for the benefit of myself.

    It can be broken down in two categories: 1) *they* are rich - I am not and never will be . . . 2) *they* are rich - and maybe one day I can be, too.


    Ok - so extreme generalization - but over the years this is how many views seem to orbit.
    Last edited by Aunt Spiker; 06-23-11 at 01:45 PM.
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    Re: Millionaires shrug off the downturn

    Quote Originally Posted by Aunt Spiker View Post
    No - I'm sober Haven't had a drink in way too damn long, actually.

    but, seriously - no. That is why many people view the rich or well off as being exception of worthy of support. Because if *they* were rich they'd *want that* and see it as going hand in hand. I most certainly do.

    Many of my views in life aren't on behalf of others - they're on behalf of myself and my children from experiences I've had, situations I've been in and problems I've dealt with. . . I don't hold m yviews so much for the benefit of others, but for the benefit of myself.
    In all honesty I don't want to be rich (at least not as rich as these guys). Just well-off and comfortable. If you're at the top of the food chain, whether you're a CEO millionaire or a gang lord, you always have to be looking over your shoulder, trying to figure out who might stick a knife in you next, or who might potentially kidnap your daughter for ransom money.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Millionaires shrug off the downturn

    Quote Originally Posted by StillBallin75 View Post
    In all honesty I don't want to be rich (at least not as rich as these guys). Just well-off and comfortable. If you're at the top of the food chain, whether you're a CEO millionaire or a gang lord, you always have to be looking over your shoulder, trying to figure out who might stick a knife in you next, or who might potentially kidnap your daughter for ransom money.
    Believe it or not - many people who ARE 'rich' just wanted to be well off, too.

    Many people who ARE categorized as 'rich' ARE just well off and not millionaires or billionaires. . . but get swept into the fray just the same.

    I think it's pathetic that individuals hate another for the fact that their parent or grandparent made some wise business decisions or invested their money with care. That's like hating a grandchild because their grandparent painted a portrait or fixed some good lemonade - you can't help the decisions of your grandparents/parents . . . you can only contro lhow you are as a person and what you do for your family.

    I'd much rather continue a family legacy (if I had one) and pass it on rather than be the one who ended it all through foolishness.
    Last edited by Aunt Spiker; 06-23-11 at 01:50 PM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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