Re: [FairfieldLife] Is this right?

Tue, 19 Jan 2016 16:31:21 -0800 

On 01/19/2016 04:04 PM, steve.sun...@yahoo.com [FairfieldLife] wrote:



On what do I base this?  I read the Wall Street Journal and the New 
York Times, hard copy every day, or as best I can.  I read the St. 
Louis Business Journal each week.  I read my online paper online every 
day. I see who is suing who, and why. I see the the outcomes.






When I was on TTC in Europe there was always a Herald Tribune sitting 
around.  I laughed because it contained news that would never get 
printed in the US  and this was in the 1970s.  But they couldn't get 
away with NOT printing it in Europe because business travelers (their 
target market) were aware.



There's a lot of tech suits over patents.  I was put in charge of patent 
creation at the company where I worked.  We all hated the idea but the 
BOD wanted it as a defense against infringement attacks from other 
companies.  Many of these tech patents should have never been granted 
but the US Patent Office was caught unaware and unknowledgeable.



I have occasion to interact with (or at least observe) some of the 
wealthy when I travel to Aspen, Colorado usually once a year spending 
time in a property my parents bought in Snowmass Village some 45 years 
ago.



I draw conclusions just like any of us, and see extraordinary 
generosity among wealthy people and also tremendous pettiness, and 
miserliness, even in my own city.  And sometimes a sort of sickness 
creeps in the psychology where, "you never have enough", and therefore 
become "clutchy"


So, what's the big deal?


I am sticking by my conclusion that having a lot of money changes 
people, and often for the worse.  But, it is by no means a blanket 
indictment.



There was much discussion of this last week as anticipation of a new 
billionaire might occur from the Powerball lottery.  Having a lot of 
money is a responsibility.  Best not left to amateurs and why financial 
advisers are recommended to winners.  Good example of that was Hurly in 
the TV show "Lost" who did indeed get a financial manager who took care 
of things (he did buy the fast food chain he worked at as revenge) and 
was also unaware of what companies he owned.  There is a hilarious scene 
of him meeting with his financial manager where he complains about a 
company that I think was in the news and the manager then tells him he 
owns the company.







---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :


"The rich acting like misers"? Based on what? What someone else said 
or wrote about them?
There is an old say , don't judge someone until you've walked a mile 
in their shoes.
I remember my trip to India where I had the feeling that almost every 
person I interacted with  had $ signs in their eyes as they looked at 
me or spoke to me. It was as if I could read their minds.
"This guy is a rich American, how can I get some of his money"?It 
creeps you out.
I'll agree with you that every circumstance that we experience has 
it's ups and downs. Just ask those that have won lotteries! One minute 
your friends and family love you, the next, they think you're a greedy 
bastard if you don't share your winnings with everyone that wants to 
share.And if you do share, you're back to square one.
I read a nice piece of advice once or twice that helps keep your life 
in perspective. "Thou shalt not covet".

------------------------------------------------------------------------
*From:* "steve.sundur@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
! *To:* FairfieldLife@yahoogroups.com
*Sent:* Monday, January 18, 2016 10:34 PM
*Subject:* Re: [FairfieldLife] Is this right?

Of course it does, Mike.  I never implied it didn't.


It is just surprising, or maybe not so much, when you see the rich 
acting like misers.


I think having a lot money changes you, and not always for the better.


I am not for taking away the incentive to succeed, I'm just saying 
that having money comes with it's own set of problems.



---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :


You can call it *cognitive dissonance* if you like. I just recognize 
it as B.S. based in class warfare. You don't think the poor have  an 
attitude of disdain for the rich that give them a sense of 
entitlement? It goes both ways.




------------------------------------------------------------------------
*From:* "steve.sundur@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
*To:* FairfieldLife@yahoogroups.com
*Sent:* Monday, January 18, 2016 9:48 PM
*Subject:* Re: [FairfieldLife] Is this right?


We all have a tendency to filter out what we don't want to hear.  I 
believe it's called cognitive dissonance.



But, I commend you Mike, that you give no ground.  No battle too small 
for you to fight, no point too small for you to dispute.



---In FairfieldLife@yahoogroups.com, <mdixon.6569@...> wrote :

I don'! ;t hear about often.I might if I read a lot of leftist BS.



------------------------------------------------------------------------
*From:* "steve.sundur@... [FairfieldLife]" <FairfieldLife@yahoogroups.com>
*To:* FairfieldLife@yahoogroups.com
*Sent:* Monday, January 18, 2016 9:15 PM
*Subject:* Re: [FairfieldLife] Is this right?


You often hear about the sense of entitlement that develops in the 
ultra rich.  An attitude where they feel a disdain for their fellow 
man.  Manifests in things like poor tips, rudeness, not paying bills, 
or paying late.


But as was mentioned earlier, that may be a pitfall many would fall into.

I think you have to work hard to stay real, every day.  (-:


---In FairfieldLife@yahoogroups.com, <noozguru@...> wrote :


What about the middle class? If they have income they spend it too and 
there are magnitudes more of them than the rich.  Your argument is a 
straw man.



On 01/18/2016 02:36 PM, Mike Dixon mdixon.6569@... 
<mailto:mdixon.6569@...> [FairfieldLife] wrote:


                Dude! those are examples. Rich people don't go out and
                bury their wealth. They buy things and/or put it to
                work. If they put it in a bank, the bank uses it to
                loan to people, companies, cities, states and nations
                who in turn pays people with it for services, products
                and pensions. The money works! The rich manage it.



                
------------------------------------------------------------------------
                *From:* "Bhairitu noozguru@... <mailto:noozguru@...>
                [FairfieldLife]" <FairfieldLife@yahoogroups.com>
                <mailto:FairfieldLife@yahoogroups.com>
                *To:* FairfieldLife@yahoogroups.com
                <mailto:FairfieldLife@yahoogroups.com>
                *Sent:* Monday, January 18, 2016 3:33 PM
                *Subject:* Re: [FairfieldLife] Is this right?

                ROTFL! Mike, you DO realize building products like
                that don't put a lot of people to work?  Much if it is
                custom built with small crews. Stop celebrating the
                rich screwing you over.  I guess you think it feels good?

                A middle class with the ability to spend would way
                outweigh the rich ability to put people to work.

                On 01/18/2016 01:00 PM, Mike Dixon mdixon.6569@...
                <mailto:mdixon.6569@...> [FairfieldLife] wrote:

                Somebodybuilds those yachts, mansions, Cadillacs,
                etc.Somebody maintains them, Somebody sells them,
                Somebody transports them. Somebody buys them and pays
                taxes on them. Somebody hires financial planners and
                lawyers to work for them. I would say the rich put a
                lot of people to work, one way or another.



                
------------------------------------------------------------------------
                *From:* "Bhairitu noozguru@... <mailto:noozguru@...>
                [FairfieldLife]" <FairfieldLife@yahoogroups.com>
                <mailto:FairfieldLife@yahoogroups.com>
                *To:* FairfieldLife@yahoogroups.com
                <mailto:FairfieldLife@yahoogroups.com>
                *Sent:* Monday, January 18, 2016 11:26 AM
                *Subject:* [FairfieldLife] Is this right?

                Doyou think this is fair or right? Billionairism is
                mental disease
                called greed. And don't tell me they're the jobs
                creators. It's small
                businesses that are the jobs creators. The big
                companies buy up the
                small ones and lay people off. Acquisitions are a bad
                business fad.
                Corporations should be limited in size and lifespan.
                And taxes should
                increase of the wealthy to discourage wealth
                accumulation and
                contracting billionairism.

                
http://www.huffingtonpost.com/entry/global-wealth-inequality_56991defe4b0ce4964242e09












































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