Question for the 99%'ers who argue for the 1%'s

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Chad Daring

Ostrich
a pretty good percentage of the mystical 1% are business owners and
entrepreneurs. maybe not small business owners, but they were probably small at one point. they busted their ass, took risk, and grew. it rarely happens overnight, and can often take decades. no guarantee, no safety net, and lots of employees depending on them. we covered this in another thread but its worth mentioning again - is Michael Moore a 1%er?

I work hard, I have since I was 15 working for my fathers construction company.

I still work hard, and I've got dick all to show for it. I pay out the ass for everything and barely squeak by with more then 100-200 dollars left at the end of each month.

You know what separates me from the 1%, its now how we got here or what we have. Its what we do with what we have

I've got not much of anything and I still share it with my fellow man, the 1% have it all and share none of it. Its about accountability and decency, not money.
 

Brian

 
Banned
MikeCF said:
Brian said:
a pretty good percentage of the mystical 1% are business owners and entrepreneurs. maybe not small business owners, but they were probably small at one point. they busted their ass, took risk, and grew. it rarely happens overnight, and can often take decades. no guarantee, no safety net, and lots of employees depending on them. we covered this in another thread but its worth mentioning again - is Michael Moore a 1%er?

http://www.businessinsider.com/michael-moore-one-percent-piers-2011-10

Have you ever had a tax law class?

To be top 1%, you need an AGI of over $350,000.

AGI is cash money left out after deductions.

http://en.wikipedia.org/wiki/Adjusted_gross_income

Very few small business owners are taking $350,000 after the wash.

The 1% for the most part consists of parasites, Wall Street traders, etc.

its becoming more and more obvious - you just hate Wall Streeters because you couldnt get admitted to their club. Now they pay you to write their propaganda and you hate your bosses.

Its been fun, time to go play. See you kiddies later.
 

Aliblahba

 
Banned
MikeCF said:
Aliblahba said:
You're wasting your breath brian. Mike is trying to get you to lay down now and admit defeat. If he were a top earner his tune would change. Some people like to find any excuse to their failures and wait for the gubmint to give them a handout "cuz life ain't fair". It's a socialist mindset. Why work hard when there's no incentive not to?

I grew working my ass off. It started helping my father laying rock and block at the age of 13 during the summers. I worked my ass off then, and still do. I'm in the top of the top 5%. My tax bracket paid 58.66 of all income taxes. Doesn't seem fair does it? Seem I'm pulling the someone's weight. Do you hear me bitching? No. It gives me more incentive to earn more to offset what I'm having to pay out.

Cool story, bro.

If you're paying so much in taxes, then you're an EMPLOYEE.

You should go into business for yourself.

Get those write-offs.

What's wrong with being an employee? You still didn't answer my question. Are you resistant to debating with someone that grew up in a trailer park but still made something of themselves? Maybe my example still gives hope to that sad, trodden, 99%? God forbid if that's the case.

You guys know I pay about $45 per month for insurance, including a $500K life insurance policy, plus up vision and dental, and 100% international coverage?

I'm not bragging. I'm saying those jobs are still out there. I don't have a degree. I'm in a worker bee job. Not corporate.

For you young cats out there. Don't listen to career advice for dudes that haven't made it. Birds of a feather.
 

MVolt

Sparrow
Brian said:
MikeCF said:
Brian said:
of course they are sociopaths and parasites. i negotiate and fight with them all the time. they are sleazy, dirty, ruthless businessmen. but that is what they do and they do it well. that is why they have money. do you hate on JayZ because he is successful? do you hate on Michael Jordan or Muhammad Ali because they were successful? do you hate on the player who gets laid by a different girl every weekend? it sounds like you are very mediocre and envy those who have success and feel like it was just given to them when in reality that success was earned. getting to that level is hard and staying there is hard because everyone wants to take what you have. heck, you will rail about the 1% but if Goldman Sachs called you'd be on the next train to NYC.

You make a lot of assumptions about my net worth. Those aside:

What do you get out of arguing on behalf of policies that support the 1%?

What's your motivation.

i do think most of the people who are openly criticizing them are doing so out of jealousy and envy. everyone 'wants' to be successful but do you really really want it? do you want the 18 hour days 6 days a week? there is nothing wrong with not wanting that. but then dont hate on people who put in the work and got there, whether its a banker, hedge funder, rapper, lawyer, or whatever other industry that person busted his/her ass in to become successful.

Matt Taibbi demolished this argument here.

When you take into consideration all the theft and fraud and market manipulation and other evil shit Wall Street bankers have been guilty of in the last ten-fifteen years, you have to have balls like church bells to trot out a propaganda line that says the protesters are just jealous of their hard-earned money.

Think about it: there have always been rich and poor people in America, so if this is about jealousy, why the protests now? The idea that masses of people suddenly discovered a deep-seated animus/envy toward the rich – after keeping it strategically hidden for decades – is crazy.

Where was all that class hatred in the Reagan years, when openly dumping on the poor became fashionable? Where was it in the last two decades, when unions disappeared and CEO pay relative to median incomes started to triple and quadruple?

The answer is, it was never there. If anything, just the opposite has been true. Americans for the most part love the rich, even the obnoxious rich. And in recent years, the harder things got, the more we've obsessed over the wealth dream. As unemployment skyrocketed, people tuned in in droves to gawk at Evrémonde-heiresses like Paris Hilton, or watch bullies like Donald Trump fire people on TV.

Moreover, the worse the economy got, the more being a millionaire or a billionaire somehow became a qualification for high office, as people flocked to voting booths to support politicians with names like Bloomberg and Rockefeller and Corzine, names that to voters symbolized success and expertise at a time when few people seemed to have answers. At last count, there were 245 millionaires in congress, including 66 in the Senate.

And we hate the rich? Come on. Success is the national religion, and almost everyone is a believer. Americans love winners. But that's just the problem. These guys on Wall Street are not winning – they're cheating. And as much as we love the self-made success story, we hate the cheater that much more.

In this country, we cheer for people who hit their own home runs – not shortcut-chasing juicers like Bonds and McGwire, Blankfein and Dimon.

That's why it's so obnoxious when people say the protesters are just sore losers who are jealous of these smart guys in suits who beat them at the game of life. This isn't disappointment at having lost. It's anger because those other guys didn't really win. And people now want the score overturned.

All weekend I was thinking about this “jealousy” question, and I just kept coming back to all the different ways the game is rigged. People aren't jealous and they don’t want privileges. They just want a level playing field, and they want Wall Street to give up its cheat codes.

Make sure you read the article I linked all the way to the end. The last paragraph drives the point home, and will hopefully end this silly "protesters are jealous of the rich" nonsense.
 

Aliblahba

 
Banned
el mechanico said:
MikeCF said:
Aliblahba said:
You're wasting your breath brian. Mike is trying to get you to lay down now and admit defeat. If he were a top earner his tune would change. Some people like to find any excuse to their failures and wait for the gubmint to give them a handout "cuz life ain't fair". It's a socialist mindset. Why work hard when there's no incentive not to?

I grew working my ass off. It started helping my father laying rock and block at the age of 13 during the summers. I worked my ass off then, and still do. I'm in the top of the top 5%. My tax bracket paid 58.66 of all income taxes. Doesn't seem fair does it? Seem I'm pulling the someone's weight. Do you hear me bitching? No. It gives me more incentive to earn more to offset what I'm having to pay out.

Cool story, bro.

If you're paying so much in taxes, then you're an EMPLOYEE.

You should go into business for yourself.

Get those write-offs.
Ali you could jump on board at my storage lot it shows -1700 a month. lol but true.

Hey Emech, don't you think it's ironic we're probably the most successful two on this thread and our posts get passed up? Ironic huh?
 

MikeCF

Crow
Gold Member
Aliblahba said:
Hey Emech, don't you think it's ironic we're probably the most successful two on this thread and our posts get passed up? Ironic huh?

True to the extent you say "probably," though false in the absolute sense.

Let's put it this way. Your bragging about having health insurance tells me far more about your net worth than any posts you could make about your net worth.
 

el mechanico

Owl
Gold Member
MikeCF said:
Aliblahba said:
Hey Emech, don't you think it's ironic we're probably the most successful two on this thread and our posts get passed up? Ironic huh?

True to the extent you say "probably," though false in the absolute sense.

Let's put it this way. Your bragging about having health insurance tells me far more about your net worth than any posts you could make about your net worth.
Hold on. Excuse me for not knowing about this but whats the beef? Who are the 99ers pissed with? And why?
Remember that I watch cartoons and any news I get is from this forum.
 

Gmac

Peacock
Gold Member
Thanks for the concern G, but I am and will always be my own master. I was merely pointing out an error.
 

Aliblahba

 
Banned
MikeCF said:
Aliblahba said:
Hey Emech, don't you think it's ironic we're probably the most successful two on this thread and our posts get passed up? Ironic huh?

True to the extent you say "probably," though false in the absolute sense.

Let's put it this way. Your bragging about having health insurance tells me far more about your net worth than any posts you could make about your net worth.

Why not answer my question Mike? What earning percentage are you in? I grew up in a family business. I know what it costs to provide personal insurance. And I'm not bragging. I'm letting the young players know you can work for an employee and still have solid benefits. If your shits so straight why not give us an idea of your background? Right now you sound like a keyboard jockey.

@Gmanifesto- Are you referring to me killing myself from being in that tax bracket, or being a worker bee?
 

The_CEO

Pelican
60% of the 1% consists of (non-finance) Managers, Executives, Supervisors.
Medical professionals. And then Financial professions. The next big group are lawyers.
 

MikeCF

Crow
Gold Member
Aliblahba said:
Why not answer my question Mike? What earning percentage are you in? I grew up in a family business. I know what it costs to provide personal insurance. And I'm not bragging. I'm letting the young players know you can work for an employee and still have solid benefits. If your shits so straight why not give us an idea of your background? Right now you sound like a keyboard jockey.

I am not anonymous.

That you are ignorant of me makes you the keyboard player.
 

thegmanifesto

Peacock
Gold Member
Gmac said:
The 1% for the most part consists of parasites, Wall Street traders, etc.

Wrong.

gmac-

So why do you get on your knees for your masters?


Gmac said:
Thanks for the concern G, but I am and will always be my own master. I was merely pointing out an error.

No concern here.

I was asking the question the thread was about.

I am interested to know.

I don't hang out with anyone personally that has your challenged (by your own admission) income level, yet stays on his knees and defends the his masters.

When you were in high school did you also defend the "popular kids" yet have them laugh at you behind your back?

Or was it like this:


kerouac said:
I imagine them to be "grown up" versions of the doofuses who wouldn't mind taking it up the bum from the popular high school QB

They imagine that one day, if they suck up enough, that they will be rewarded... by getting it up the bum

They wake up, going through their high school year book, flipping to that marvelous page featuring the high school football players, and they imagine Johnny Football Hero throwing them down on all fours

and giving it to them up the bum

but they don't realize that Johnny Football Hero doesn't care about them. Johnny Football Hero has more important things on his mind.

Which one?
 

The_CEO

Pelican
Aliblahba said:
You're wasting your breath brian. Mike is trying to get you to lay down now and admit defeat. If he were a top earner his tune would change. Some people like to find any excuse to their failures and wait for the gubmint to give them a handout "cuz life ain't fair". It's a socialist mindset. Why work hard when there's no incentive not to?

I grew working my ass off. It started helping my father laying rock and block at the age of 13 during the summers. I worked my ass off then, and still do. I'm in the top of the top 5%. My tax bracket paid 58.66 of all income taxes. Doesn't seem fair does it? Seem I'm pulling the someone's weight. Do you hear me bitching? No. It gives me more incentive to earn more to offset what I'm having to pay out.

Once you start jawboning about socialism you sound like you're on another planet. In the last 20 years the only hand outs have been going upward.

You're in the top 5% from laying brick and block when you were 13? Or b/c your dad owns the company that you laid brick and block for?
 

The_CEO

Pelican
This isn't good for anyone, including the 1%. The middle class are the ones buying the stuff they sell:

"Over the past three decades, the distribution of income in the United States has become increasingly dispersed -- in particular, the share of income accruing to high-income households has increased, whereas the share accruing to other households has declined," the CBO said.

For the top 1% of the population, average inflation-adjusted household income grew by 275%. The rest of wealthiest fifth of the population, not including the top 1%, saw household income grow by 65% during that time, faster than the rest of the population, but "not nearly as fast as for the top 1%."
 

Aliblahba

 
Banned
The_CEO said:
Aliblahba said:
You're wasting your breath brian. Mike is trying to get you to lay down now and admit defeat. If he were a top earner his tune would change. Some people like to find any excuse to their failures and wait for the gubmint to give them a handout "cuz life ain't fair". It's a socialist mindset. Why work hard when there's no incentive not to?

I grew working my ass off. It started helping my father laying rock and block at the age of 13 during the summers. I worked my ass off then, and still do. I'm in the top of the top 5%. My tax bracket paid 58.66 of all income taxes. Doesn't seem fair does it? Seem I'm pulling the someone's weight. Do you hear me bitching? No. It gives me more incentive to earn more to offset what I'm having to pay out.

Once you start jawboning about socialism you sound like you're on another planet. In the last 20 years the only hand outs have been going upward.

You're in the top 5% from laying brick and block when you were 13? Or b/c your dad owns the company that you laid brick and block for?

I learned a work ethic. My dad was a one man army and needed help. My parent will die poor, as will I, but we work. I bet you are a mysterious person, just like MikeCF and Gmanifesto. You talk shit but don't want to disclose what you do or make.

Until you bullshitters put up some info, and stop selling the dream, well........
 

Gmac

Peacock
Gold Member
The_CEO said:
This isn't good for anyone, including the 1%. The middle class are the ones buying the stuff they sell:

"Over the past three decades, the distribution of income in the United States has become increasingly dispersed -- in particular, the share of income accruing to high-income households has increased, whereas the share accruing to other households has declined," the CBO said.

For the top 1% of the population, average inflation-adjusted household income grew by 275%. The rest of wealthiest fifth of the population, not including the top 1%, saw household income grow by 65% during that time, faster than the rest of the population, but "not nearly as fast as for the top 1%."

And when we break down that top 1% (which is about 350,000 people of vastly differing incomes)? You'll see that the people you are really talking about is closer to 0.001%, or 3,500. The people at the top are a much, much smaller group than 1% (not even close to the actual number). To understand this difference is to understand the real picture.

G, don't mistake clarification for "getting on my knees." I figured you were more intelligent than that.
 

thegmanifesto

Peacock
Gold Member
thegmanifesto said:
Gmac said:
The 1% for the most part consists of parasites, Wall Street traders, etc.

Wrong.

gmac-

So why do you get on your knees for your masters?


Gmac said:
Thanks for the concern G, but I am and will always be my own master. I was merely pointing out an error.

No concern here.

I was asking the question the thread was about.

I am interested to know.

I don't hang out with anyone personally that has your challenged (by your own admission) income level, yet stays on his knees and defends the his masters.

When you were in high school did you also defend the "popular kids" yet have them laugh at you behind your back?

Or was it like this:


kerouac said:
I imagine them to be "grown up" versions of the doofuses who wouldn't mind taking it up the bum from the popular high school QB

They imagine that one day, if they suck up enough, that they will be rewarded... by getting it up the bum

They wake up, going through their high school year book, flipping to that marvelous page featuring the high school football players, and they imagine Johnny Football Hero throwing them down on all fours

and giving it to them up the bum

but they don't realize that Johnny Football Hero doesn't care about them. Johnny Football Hero has more important things on his mind.

Which one?

gmac-

I am honestly trying to figure out where that mentality comes from.

Which of the two above is it?
 
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