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Forums - General - World's richest woman says poor should have less fun, work harder. Calls for lower minimum wage and tax cuts

I would rather be poor and have a social life and have fun than being a rich F**K with no life and lots of work...



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It's strange how little so many people understand about the workings of the government and economics. It's also strange how I saw a comment about China that incorrectly assumes that China is one big sweatshop when that's not really the case.



I agree with her message, but I don't think she should be the one preaching it.



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slowmo said:

While you could work more to make more money. Say, you take 2 jobs.

You basically "stole" a job from someone else that need the job, too.

All work and no play is going to drive you insane.



Galaki said:
slowmo said:

While you could work more to make more money. Say, you take 2 jobs.

You basically "stole" a job from someone else that need the job, too.

All work and no play is going to drive you insane.


Which is why I cannot be bothered working harder when I'm content at present



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Kasz216 said:


Again... that's why I said it was a first step.

It won't make you a ton of money, but it sure will get you to the point of where you have a good amount of it for later investments. 

How many year do you give revenues generated from paper assets to return sufficiently enough money to be able to have a good amount for later investments?  The Average American lost over 40% net worth of paper assets and home equity they had, due to the financial meltdown.  Not saying paper assets isn't part of the plan, but someone without much money, is going to have to do things differently to get anywhere, like somehow get real estate with rental income pay for itself, or set up a business or something.  Heck, by some miracle figure out a way to sell stuff over the Internet.

In this, the person isn't likely to employ anyone either.  And paper assets won't get the person to hire anyone.  It might get funding to a business, but that would have to be an IPO.  Merely buying and selling paper assets on financial markets isn't going to get a person to hire anyone at all.  And thus, what the woman was saying, through paper assets, is bullocks.



fordy said:

Ahh wow. My place was $300k (I live in Albury) and I had about 18% of the loan, so I only ended up paying about $5000 mortgage lender's insurance. I didn't realise it became much steeper for higher amounts. All I can say is hang in there. The market is starting to look better each day. There will be at least one more interest rate cut before end of year, and it should stay pretty low by then. 

In my situation, I live 300km away from Melbourne (closest city) and am in a profession that is more suited to city life (software engineers aren't paid much in the country). That's why I'm really looking forward to either the NBN, which will allow my personal business to grow and take on more work remotely or internationally, or the Very fast rail, which will enable city work to be less than an hour's commute away, and forcing employers in the regional areas to compete with wages of the cities if they wish to employ professionals.

I think there will ultimately be a revolt here over electricity. People still remember the days when electricity was government owned, and (here at least), all this talk about privatisation of electricity being a good thing is only getting people worked up, ever since electricity prices have jumped threefold in the past few years.

Yep watching the market weekly to see what is going on. Still don't knwo Melb that well, so people give me mixed reviews on areas to live in. It is sad that there are places within 50kms of the CBD that don't even have adsl2+.SO I too am a big fan of the NBN, even though when it is rolled out it will only be 100mbit and outdated. However all they will need to upgrade is the terminal boxes on the street to get the speed up to 1gbit in the future. I knwo in Tassie they decided that each house will be automatically conencted to the NBN (the service fibre that is) then people can choose if they want to take up an NBN plan. They are also installing i think 8 ports (i think divid by two for Rx and Tx) to each house @ 100mbit. Meaning that other ports can be used for other services, such as cable tv, additional internet and commnication to the smart meters in the future etc..

Electricity prices would have gone up anyway (probably not as much) as the networks in Australia (like every other infastructure) is reacking its age. Major upgrades have started to happen in the last 5 years to catch up for the lack of anything being done in the last 50 years (except for new developments offcourse).  Bush fires don't help us either, as some states had majority of their power lines go down in one fire, meaning everything was replaced at the same time so it will all roughly fail at the same time.The good thing about it being governemnt owned meant that governments got money returned from profits at the same time they had the power to decide not to take that money if their was urgent upgrades needed, which meant a slower rise in price.

Once Electirc vehicles become main stream, this will have a huge impact on electricity prices as generation and power lines will need to be upgraded. It will become a nightmare with millions of car charges connected.



 

 

richardhutnik said:
Kasz216 said:


Again... that's why I said it was a first step.

It won't make you a ton of money, but it sure will get you to the point of where you have a good amount of it for later investments. 

How many year do you give revenues generated from paper assets to return sufficiently enough money to be able to have a good amount for later investments?  The Average American lost over 40% net worth of paper assets and home equity they had, due to the financial meltdown.  Not saying paper assets isn't part of the plan, but someone without much money, is going to have to do things differently to get anywhere, like somehow get real estate with rental income pay for itself, or set up a business or something.  Heck, by some miracle figure out a way to sell stuff over the Internet.

In this, the person isn't likely to employ anyone either.  And paper assets won't get the person to hire anyone.  It might get funding to a business, but that would have to be an IPO.  Merely buying and selling paper assets on financial markets isn't going to get a person to hire anyone at all.  And thus, what the woman was saying, through paper assets, is bullocks.

I've seen it take people, about 3 years.

And like I said, this is a strategy for people WITH jobs.



Yeah I completely agree.

This generation is one of entitlement and want. The only necessities in life are food, shelter and clothes, everything else is non-essential...but people seem to think if they don't have the newest iPhone that life isn't fair and rich people should give them more money so they can have one too.



Damn shes sexy!