Why are poor people poor was a good start, but yes perhaps your right to ask why are the rich richly rich.

Consider that for 20 years anyone in the United States who wanted to could earn $100,000 a year, and put $50,000 to $75,000 of that in the bank for a college education, a business, a house, or whatever.

There are multiple ways to do this, but it is hard and grueling work. You won't see family very often doing this, you have to think ahead of needs to get them more cheaply, and you need to keep at it.

If evere there were to many wanting the job rates would have dropped yes, but so much money still would be available.

I consider my effort to earn $150,000 in cash, in hand, as a tour of duty. Now that I am comfortable in the job and the 'dry' season is past, I shall be working hard to get 50k this year in cash (and trade it for Euro's for now, or the Pound).

Effort, sometimes lack of comfort, must be taken to be rich.

My cash can, if all Dem's died and conservatives cut taxes, give me a business earning $1500 a day, a total of 12-15 employees (spread over the week), and operating costs of about $1200 a day... give me a total of $2100 profit per week for no real work by myself.

That figure includes property tax payments but not the huge 40% tax on all businesses here.

This would be the first year dividends, and the next year I would see more 'customers' and would need more staff, give raises to some, and see more net profit.

The positions would be perfect for students, as half the time they will have no work to do, and I won't be a jerk forcing them to be doing make work.

The investment would be about $80,000 to get it built and running.

Payback would be quick of course, so I hazard this would make me 'rich'

There is no way to provide the jobs at 40%, nor 30%. At 25% I could barely do it, but then my personal taxes would push me up to the next bracket (less write offs than trucking) and I would personally lose money even if the business was earning money.

20% means less employees, harder work but I could recoup my losses (investment) in a reasonable time.

Reasonable to me would be as quickly as I could earn that much if I invested via other means.

Am I greedy to think that I could earn money while barely doing anything, after busting my arse real hard?

>>My cash can, if all Dem's died and conservatives cut taxes, give me a business earning $1500 a day, a total of 12-15 employees (spread over the week), and operating costs of about $1200 a day... give me a total of $2100 profit per week for no real work by myself. <<

So how many equilivant full time employees? because as far as I see it you would only have 2 equilviant Full time employees if you were paying them any thing close to a 'decent' wage worked on 40 hrs a week work each, and I use the word decent very lightly. Dividing your $1200 costs by 40 gives $30/hr to divide out among employees and other costs. That seems to me, even with low taxes and a different buisness model such that your overheads are low, your employees will be very lowly paid and as such not likely to be very loyal or efficient. Actually dividing your $1200 by your minimum employees count of 12 gives $100 per employee per week, which isn't very much, though will depend on how many hours they have to work each. I do fail to see how you would keep employees, or how the jobs you would be providing would be benificial to the employees, and if you want students you might be trying to hire people who are smarter than you and you might run into issues there. (And I don't mean that as an insult, jsut that it is likely that uni students will be smarter than average and given enough of a sample you are likely to find a person smarter than anyone else in the adult population. law of averages and all...)

As to the taxes, you quite obviously have not put a lot of research into your idea, nor looked at other nations to set up this great money winner. There are always tax loop-holes if you look hard enough. You may need to add additional costs to your start up for a good tax lawyer to find the best way to set it up.

Anyway back to the topic, I refer to my comments in the other thread about poor people. Rich people are rich because they have the oppotunity and drive to gather up more of the scarce resources in some way, and in the extreme cases hold onto them and sell them later at a reduced rate to keep profits up (i.e. the diamond trade.) This isn't an unfair concept, more a zero-sum game. The only real way I can have more in the present is for someone else to have less. It maybe possible for both of us to have more than we have right now in the future, but that requires an increased production of goods, which may mean less resources for future generations.

>>Consider that for 20 years anyone in the United States who wanted to could earn $100,000 a year, and put $50,000 to $75,000 of that in the bank for a college education, a business, a house, or whatever. <<

I would doubt that everyone could of done this. As you said wages would drop if more people put in the work and found these jobs, which would of decreased the total money one would get, thus decreasing it's attractiveness as a idea.

There were still unemployment in the states over that time period and if all these people were able to get these jobs, no matter how hard they were, they would of (or at least 90%-99% would of taken the oppotunity.) The saving 50%-75% of the money might of been hard for some people, given some peoples materalistic americanistic dreams, but a great majority would of saved a resonable amount. So really I think your assumption of laziness is incorrect in the vast majority of cases, and more likely it was a lack of true oppotunity or education about the oppotunities available.

Teh Fool wins! that was a reply to me! muhahahahaha....

And you expect people to stay around for $10/hr? Not that I live in the US so I don't have a great idea how far $10/hr would go.... And I suppose it depends on how many hrs they will work for you.... You will get the quality you pay for, low pay = low quality of workers.... It is something that I have found employers never seem to understand too well.... though my current one does a better job of it as they pay me a resonable salary.

He assumes that people will work other jobs that pay more and that he can then pay them less.... It is possible that the job(s) he 'earned' $150k in was a theoritical $100k/yr job(s)... he never said he earned that salary, just he earned enough to make $150K at some point, this could of been over the course of 5-10 years for all he tells us, though that would assume he is older than 20. Given he is 'working hard to make $50k this year in cash' it is likely that the $150k took many years to accumulate. He has likely taken the theoritical money he could of made, esp if it was commission or paid per unit made/delivered as opposed to per hour or a salary. So assuming he was on commission, if he was on 10% then he could assume that if he worked 'really hard' he could sell $1,000,000 worth of stuff and make $100,000 that year....

I doubt that very few are willing, but very few think they are capable or know where to start, which is probably more a lack of education about the profession than anything else. Some have no desire to be a truck driver, but one would assume that most of those with no jobs wouldn't complain at being a truck driver if they had more infomation on how to become one...

As for the wage level, it just seems low to me, it maybe perfectly fine for the area, people and job... it's not like i live anywhere near you...

Also good to see you are talking with me....

Key

You say greed is why the rich are rich.  But if you think about it, if you are greedy in your business, whatever that business may be, you don't attract returning customers.  You might get someone to buy your product one time or maybe twice, but eventually the customer catches on to the poor quality of the product, the huge markup, the poor customer service - whatever it is that you sacrificed for increased profit - and they simply won't return.  Your product doesn't get a good brand recognition, and eventually your business fails.  Being generous, however (both with your employees and your customers) ensures overall a better product or service delivered by those employees as well as more returning customers, better brand recognition, etc.

In a word, being generous rather than greedy is why a lot of rich people are rich.

So now we have a theoretical mamthematician driving a truck bragging aboout how hard it is :S..

The times they are a changing

Greed does not nessarily mean ringing the most out of your customer in one hit, there is the greed to get as much as you can over a long term, whihc is a more intelligent greed.

In any case greed is the reason we get ahead...

> xeno syndicated wrote:

"> Key

You say greed is why the rich are rich.  But if you think about it, if you are greedy in your business, whatever that business may be, you don't attract returning customers.  You might get someone to buy your product one time or maybe twice, but eventually the customer catches on to the poor quality of the product, the huge markup, the poor customer service - whatever it is that you sacrificed for increased profit - and they simply won't return.  Your product doesn't get a good brand recognition, and eventually your business fails.  Being generous, however (both with your employees and your customers) ensures overall a better product or service delivered by those employees as well as more returning customers, better brand recognition, etc.

In a word, being generous rather than greedy is why a lot of rich people are rich."

Generous?  We have 3 million VACANT HOMES, and 600,000 layed off americans.  GENEROUS is NOT the frack'n word i'd use to describe it.

at noir,

all those things you listed are very few and i mean very few of the positives in an extremely negative society.... so how does that justify that greed is good? Greed causes violence, murder, betrail, broken homes, lying politicians who take advantage of the ignorant, its the cause for ignorance.... i cant see how greed can be good in any way

@Einstein

Most of your post is also true for commercial pilots.