Re:Thousands of New Millionaires Are About to Eat San Franci...
by president on Thursday March 07, 2019 @01:41PM
(#19330791)
Rich people are usually spending their time trying to get richer or maintain their wealth, which is usually at the expense of people poorer than them. So yes, it's usually a bad thing.
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Re:Thousands of New Millionaires Are About to Eat San Franci...
by djcary on Thursday March 07, 2019 @01:56PM
(#19330970)
Can you expound on what you mean by "usually at the expense of people poorer than them"? I understand this sentiment when it comes to things like predatory lending, but would like to learn more about how it applies to non-exploitative areas.
A couple possible examples to help with the discussion: 1. A new millionaire buys a house from someone in SF and lives there. 2. A new millionaire buys a rental property from someone in SF, renovates it, and raises the rent to make back their capital outlay. 3. A new millionaire buys a broken down classic car, invests capital into repairing it, and sells it to a collector for a profit.
Re:Thousands of New Millionaires Are About to Eat San Franci...
by buboard on Thursday March 07, 2019 @01:43PM
(#19330826)
> spending their time trying to get richer or maintain their wealth
and poor people don't ?
Re:Thousands of New Millionaires Are About to Eat San Franci...
by Cyph0n on Thursday March 07, 2019 @01:49PM
(#19330888)
No, poor people are spending their time making money to ensure that their basic needs are met.
Re:Thousands of New Millionaires Are About to Eat San Franci...
by president on Thursday March 07, 2019 @01:58PM
(#19330995)
The difference is the poor does so in a struggle to survive. We could solve a whole host of issues in this country (crime, healthcare, housing, etc) if rich people decided to put their efforts towards the public good instead of being greedy.
Re:Thousands of New Millionaires Are About to Eat San Franci...
by restalis on Thursday March 07, 2019 @02:54PM
(#19331597)
The poor being in a struggle to survive may have a wealth of source reasons. Mismanagement (not necessarily limited to the financial aspect of their lives) is the first thing that comes to mind.