I am not the 99%

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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zaboomafoozarg
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I am not the 99%

Post by zaboomafoozarg » Thu Oct 13, 2011 9:20 pm

Saw this, liked it and felt compelled to repost:

Image

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fishnskiguy
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Post by fishnskiguy » Thu Oct 13, 2011 9:34 pm

It's a bit political, but I'm OK with it as long as the conversations remain civil and non-political.

Don't push your luck!

Chris
Trident D-5 SLBM- "When you care enough to send the very best."

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SHL
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Post by SHL » Thu Oct 13, 2011 9:38 pm

Maybe he's among the 53%:

http://the53.tumblr.com/
Stephen

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zaboomafoozarg
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Post by zaboomafoozarg » Thu Oct 13, 2011 9:38 pm

fishnskiguy wrote:It's a bit political, but I'm OK with it as long as the conversations remain civil and non-political.

Don't push your luck!

Chris
I posted merely because of the work hard, save hard and LBYM.

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LH
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Post by LH » Thu Oct 13, 2011 9:40 pm

sounds like a Boglehead in the making

Grt2bOutdoors
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Post by Grt2bOutdoors » Thu Oct 13, 2011 9:43 pm

zaboomafoozarg wrote:
fishnskiguy wrote:It's a bit political, but I'm OK with it as long as the conversations remain civil and non-political.

Don't push your luck!

Chris
I posted merely because of the work hard, save hard and LBYM.
It's called accountability. Most folks, young and old seem to have forgotten the meaning of the word and how it applies to life in general.

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fishnskiguy
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Post by fishnskiguy » Thu Oct 13, 2011 9:43 pm

zaboomafoozarg wrote:
fishnskiguy wrote:It's a bit political, but I'm OK with it as long as the conversations remain civil and non-political.

Don't push your luck!

Chris
I posted merely because of the work hard, save hard and LBYM.
Roger that loud and clear.

Chris
Trident D-5 SLBM- "When you care enough to send the very best."

peter71
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Post by peter71 » Thu Oct 13, 2011 9:47 pm

jenny345 wrote:He is just a bit short, ~$330K per year, from being in the top 1%.
Exactly. Plenty of hardworking minimum wage-earning college students aspire to be in the 1%, but my first reaction was, "actually still a ways to go! maybe time to invest in a few more math classes !" :D

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zaboomafoozarg
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Post by zaboomafoozarg » Thu Oct 13, 2011 9:49 pm

SHL wrote:Maybe he's among the 53%:

http://the53.tumblr.com/
Nice, I like this!

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rob
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Post by rob » Thu Oct 13, 2011 9:50 pm

GRT2BOUTDOORS wrote:It's called accountability. Most folks, young and old seem to have forgotten the meaning of the word and how it applies to life in general.
Yeah I agree but I am torn because SOME of the issues I have to agree with them... It's hard while trying to avoid politics for this forum but there are some serious issues and there seems to be little interest among politicians to do anything other then play with themselves.
| Rob | Its a dangerous business going out your front door. - J.R.R.Tolkien

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NightOwl
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Post by NightOwl » Thu Oct 13, 2011 9:57 pm

GRT2BOUTDOORS wrote: It's called accountability. Most folks, young and old seem to have forgotten the meaning of the word and how it applies to life in general.
Maybe we should set them a better example by holding accountable the people who caused or contributed to our financial crisis. Why single out these kids for a lack of accountability? IMHO, we all failed, and are currently failing, that test.
"Volatility provokes the constant dread that some investors know more than we do, making us fearful of ignoring such powerful price movements." | Peter Bernstein, "The 60/40 Solution."

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Sunny Sarkar
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Post by Sunny Sarkar » Thu Oct 13, 2011 10:01 pm

I expect nothing to be handed to me and will continue to work my @$$ off for everything I have
Herein lies the straw-man that is the thrust of his entire argument - as if the others (whoever they are in his mind) are doing the opposite. Personal accountability and fairness in the distribution of the fruits of labor (including his worked off @$$'s) are not on opposite sides as he implies, nor do they need to be. Nice try.
"Cost matters". "Stay the course". "Press on, regardless". ― John C. Bogle

SPG8
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Post by SPG8 » Thu Oct 13, 2011 10:02 pm

A good question is why has CEO pay vs. "average worker" pay increased so much?

It's not political when you consider a leading theory is absentee investing. Boards determine CEO pay. We generally don't go to meetings. Does Vanguard go to meetings?

Do state and municipal pension funds go to meetings?

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LazyNihilist
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Post by LazyNihilist » Thu Oct 13, 2011 10:03 pm

The problem is economics/finance depends on govt. policy. There is no escaping that. We have decided to live with that.
Some of the economics/finance topics cannot be discussed without bringing politics into it.
The forum policy prevents Political discussions for a very good reason.
This has lots of political overtones.
I'd say better lock this.
:)

May be we should start another forum called unbogleheads.org and have all these political discussions there. :twisted:
The strong do what they can and the weak suffer what they must -Thucydides

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Index Fan
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Post by Index Fan » Thu Oct 13, 2011 10:04 pm

Interesting to see the Boglehead philosophy in action ruffling a few feathers ;)
"Optimum est pati quod emendare non possis." | -Seneca

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fishnskiguy
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Post by fishnskiguy » Thu Oct 13, 2011 10:06 pm

I knew this thread had little hope of longevity. Sorry.

Chris
Trident D-5 SLBM- "When you care enough to send the very best."

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