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Economics The economy, taxes, Federal Reserve, Central Banks, inflation, interest rates, unemployment, stock markets, currency, GDP, NAFTA, IMF, WTO, GATT, etc.

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  #31  
Old Aug 26th 2013, 01:01 AM
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NickKIELCEPoland NickKIELCEPoland is offline
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Default Re: Disadvantages to being rich

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Are you referring to the romance issue again ?
No. This is what I'm referring to;
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There are many examples of rich people who have died prematurely, or at least degenerated as a result of becoming too rich at too young an age.

Most people would choose to be rich, including myself, but I don't think we can say there are no disadvantages.
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PS: I think this is because they can do what they want, making them internally lazy, and unwilling to put up a struggle. They therefore succumb to temptations (like drugs), since not succumbing to them requires a struggle.
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  #32  
Old Aug 26th 2013, 03:46 AM
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Default Re: Disadvantages to being rich

PS: I don't agree with the following;
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Are you referring to the romance issue again ? That's also not inherent to being rich. It happens to all classes too. If the sole income of a family consists of a slavery wage from flipping burgers, it's more than possible that the non working partner will walk out when/if the working partner loses that job. And when the departing partner subsequently enters a relationship with someone who still has a flipping-burgers-income, how is that person to know that isn't the sole reason ? Status, including that of a financial nature, is both absolute and relative.
I believe that if someone has a burger flipping partner, that someone is with that partner because of that partner, and not because of that partner's money. Otherwise, that someone would not have accepted that partner in the first place. That's what I think.
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  #33  
Old Aug 26th 2013, 09:12 AM
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Default Re: Disadvantages to being rich

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And who pays off that debt ?

By the way, 'rich' in the present day doesn't refer to millionaires. That's peanuts. Rich starts with 'billion' now.
There are
surprisingly few billionaires in the world.
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  #34  
Old Aug 26th 2013, 01:18 PM
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Default Re: Disadvantages to being rich

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There are
surprisingly few billionaires in the world.
Forbes figures for these things are a joke. They only reckon participations in corporations and a few tokens here and there such as yachts.(http://www.forbes.com/sites/luisakro...s-and-figures/) That's but a fraction of accumulated wealth. Everything that goes on in the grey and black economy is ignored. E.g. they list 0 (zero) $-billionaires for Belgium. I could easily name a dozen.
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  #35  
Old Aug 27th 2013, 11:43 AM
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Default Re: Disadvantages to being rich

The more you have the more you worry that someone else will take it from you.
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  #36  
Old Aug 27th 2013, 01:08 PM
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Default Re: Disadvantages to being rich

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The more you have the more you worry that someone else will take it from you.
Yes, I agree.
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  #37  
Old Aug 27th 2013, 01:35 PM
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Default Re: Disadvantages to being rich

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Yes, I agree.
Eh. I have significantly more money than I did, say, three years ago, and I'm not particularly worried about somebody coming for it.
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  #38  
Old Aug 27th 2013, 01:55 PM
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Default Re: Disadvantages to being rich

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Eh. I have significantly more money than I did, say, three years ago, and I'm not particularly worried about somebody coming for it.

Oh! You just have to disagree with everything, Mr. smarty pants!

Ps. How's about lending me a few thou of that money you're "not particularly worried about".
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  #39  
Old Aug 27th 2013, 01:56 PM
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Default Re: Disadvantages to being rich

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Oh! You just have to disagree with everything, Mr. smarty pants!

Ps. How's about lending me a few thou of that money you're "not particularly worried about".
I'm not particularly worried about people taking it from me.
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  #40  
Old Aug 27th 2013, 02:34 PM
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Default Re: Disadvantages to being rich

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Oh! You just have to disagree with everything, Mr. smarty pants!
I don't agree with that statement.
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