What do each of US feel about Wealth Inequality.

Yes you are rewarded more than your peers who don’t….but only to a point. Once you start earning too much, they come for you.
Even those who appear uber successful and become billionaires are totally controlled. They are ALLOWED to be this successful as they play the game they way the system tells them they should. Once they deviate, the system shuts them down very quickly. There are heaps of examples where billionaires lost it all….or should I say had it taken away?
I once knew a man who owned a butcher shop 🎶🎼🎵oops sorry wrong tune.
I once knew of a man who was a professional on the futures market at the Stock exchange.
He and his wife owned a 17 million$$$ house overlooking Sydney Harbour.
@Tito Santana, he would never have hammered a nail in his life.
But as we know, money can't buy you love, his wife left him.
 
The rot started to set in over 500 years ago, but the wealth gap is wider now than it has ever been.
Well yes the population is much bigger now so the divide grows.
But how do you measure who's better off, with the pursuit of wealth usually causes more stress then health problems.

Is it not better to be content living comfortably with no worries and be happy.

For all those people who are doing it tough I feel for them not everone can make the right choices through life that benefit financially.

To be young these days is so much harder than when we were, not just how difficult in future it will be to provide happiness but the pressure of social media.

You will need your head screwed on to prevent anxiety.
 
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Suppose that once a week, ten Weststigers fans go out for beer at the Wests Ashfield Leagues Club and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four fans (the poorest) would pay nothing.

The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
And the tenth fan (the richest) would pay $59. 

So, that’s what they decided to do.

The ten fans drank in the bar every week and seemed quite happy with the arrangement until, one day, the General Manager caused them a little problem. “Since you are all such good customers & supporters of the mighty Weststigers,” he said, “I’m going to reduce the cost of your weekly beer by $20.”

Drinks for the ten fans would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes.

So the first four fans were unaffected. They would still drink for free but what about the other six fans?
The paying customers? How could they divide the $20 windfall so that everyone would get their fair share?

They realised that $20 divided by six is $3.33, but if they subtracted that from everybody’s share then not only would the first four fans still be drinking for free, but the fifth and sixth fan would each end up being paid to drink their beer! So, the General Manager suggested that it would be fairer to reduce each fan’s bill by a higher percentage. They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts that each should now pay.

And so, the fifth fan, like the first four, now paid nothing (a 100% saving). The sixth fan now paid $2 instead of $3 (a 33% saving). The seventh fan now paid $5 instead of $7 (a 28% saving). The eighth fan now paid $9 instead of $12 (a 25% saving). The ninth fan now paid $14 instead of $18 (a 22% saving). And the tenth fan now paid $49 instead of $59 (a 16% saving). 

Each of the last six was better off than before with the first four continuing to drink for free. 

But once outside the bar, the fans began to compare their savings. “I only got $1 out of the $20 saving,” declared the sixth fan. He pointed to the tenth man, “but he got a $10 saving!“ “Yeah, that’s right,” exclaimed the fifth fan. “I only saved a $1 too. It’s unfair that he got ten times more benefit than me!” “That’s true!” shouted the seventh fan. “Why should he get $10 back, when I only got $2? The wealthy get all the breaks!” 

“Wait a minute,” yelled the first four fans in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

The nine fans surrounded the tenth and beat him up! 

The next week the tenth fan didn’t show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill! 

And that’s how it works.


Tax them too much, attack them for being wealthy and they just might not show up anymore.

In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier. For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible.

Or as The World Economic Forum (WEF) would have you believe - After The Great Reset - You will own nothing and you will be happy!"

For those of you spruiking some kinda kumbaya socialist BS - why not choof off to China right now. Show me a Nation under totalitarian control that benefits its people and I'll show the body count of Mao, Stalin, Pol Pot, Idi Amin etc.

Finally - Before I retired a few years ago I was training International Students who had graduated from OZ Unis with Accounting Degrees. As part of their attempt to gain PR (Permanent Residency) the CPA & other Accounting Associations set up a scheme for the Immigration Dept to provide them with Visa points towards their PR. So I taught them Australian Business Practices over a 20 week program.

The majority were Chinese with 1 in 20 Indian students.

I asked the Chinese Students one day (following the Scandal over the Chinese Billionaire who was handing out cash in ALDI bags to Australian Labor politicians such as Sam Dastyari, how does one become a Billionaire in Communist China? Now, before anyone answered with the classic Orwellian line: "All Animals are equal, but some are more equal than others", the bell went and we broke up for the day.

And finally (part 2), before some wag says that the "richest" fan, the 10th of the group, benefited by writing his cost off as a business expense tax deduction cos he was a Holmes Barnes Group Board Member, I remind you all of the great Kerry Packer when grilled at the infamous Senate Estimates hearing when he told those unelected swill that of course he minimised his taxes given that he didn't think they spent the money wisely in the first place. Remind me again how many more millions Albo is gifting that arch grifter from the Ukraine whilst Australians are still living in their cars? Well, at least Albo has that in common, avoiding scrutiny for his sponging on taxpayers "How would I know? I was in da car!" And that is how Scum rises to the top folks.


 
Suppose that once a week, ten Weststigers fans go out for beer at the Wests Ashfield Leagues Club and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four fans (the poorest) would pay nothing.

The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
And the tenth fan (the richest) would pay $59. 

So, that’s what they decided to do.

The ten fans drank in the bar every week and seemed quite happy with the arrangement until, one day, the General Manager caused them a little problem. “Since you are all such good customers & supporters of the mighty Weststigers,” he said, “I’m going to reduce the cost of your weekly beer by $20.”

Drinks for the ten fans would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes.

So the first four fans were unaffected. They would still drink for free but what about the other six fans?
The paying customers? How could they divide the $20 windfall so that everyone would get their fair share?

They realised that $20 divided by six is $3.33, but if they subtracted that from everybody’s share then not only would the first four fans still be drinking for free, but the fifth and sixth fan would each end up being paid to drink their beer! So, the General Manager suggested that it would be fairer to reduce each fan’s bill by a higher percentage. They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts that each should now pay.

And so, the fifth fan, like the first four, now paid nothing (a 100% saving). The sixth fan now paid $2 instead of $3 (a 33% saving). The seventh fan now paid $5 instead of $7 (a 28% saving). The eighth fan now paid $9 instead of $12 (a 25% saving). The ninth fan now paid $14 instead of $18 (a 22% saving). And the tenth fan now paid $49 instead of $59 (a 16% saving). 

Each of the last six was better off than before with the first four continuing to drink for free. 

But once outside the bar, the fans began to compare their savings. “I only got $1 out of the $20 saving,” declared the sixth fan. He pointed to the tenth man, “but he got a $10 saving!“ “Yeah, that’s right,” exclaimed the fifth fan. “I only saved a $1 too. It’s unfair that he got ten times more benefit than me!” “That’s true!” shouted the seventh fan. “Why should he get $10 back, when I only got $2? The wealthy get all the breaks!” 

“Wait a minute,” yelled the first four fans in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

The nine fans surrounded the tenth and beat him up! 

The next week the tenth fan didn’t show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill! 

And that’s how it works.

Tax them too much, attack them for being wealthy and they just might not show up anymore.

In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier. For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible.

Or as The World Economic Forum (WEF) would have you believe - After The Great Reset - You will own nothing and you will be happy!"

For those of you spruiking some kinda kumbaya socialist BS - why not choof off to China right now. Show me a Nation under totalitarian control that benefits its people and I'll show the body count of Mao, Stalin, Pol Pot, Idi Amin etc.

Finally - Before I retired a few years ago I was training International Students who had graduated from OZ Unis with Accounting Degrees. As part of their attempt to gain PR (Permanent Residency) the CPA & other Accounting Associations set up a scheme for the Immigration Dept to provide them with Visa points towards their PR. So I taught them Australian Business Practices over a 20 week program.

The majority were Chinese with 1 in 20 Indian students.

I asked the Chinese Students one day (following the Scandal over the Chinese Billionaire who was handing out cash in ALDI bags to Australian Labor politicians such as Sam Dastyari, how does one become a Billionaire in Communist China? Now, before anyone answered with the classic Orwellian line: "All Animals are equal, but some are more equal than others", the bell went and we broke up for the day.

And finally (part 2), before some wag says that the "richest" fan, the 10th of the group, benefited by writing his cost off as a business expense tax deduction cos he was a Holmes Barnes Group Board Member, I remind you all of the great Kerry Packer when grilled at the infamous Senate Estimates hearing when he told those unelected swill that of course he minimised his taxes given that he didn't think they spent the money wisely in the first place. Remind me again how many more millions Albo is gifting that arch grifter from the Ukraine whilst Australians are still living in their cars? Well, at least Albo has that in common, avoiding scrutiny for his sponging on taxpayers "How would I know? I was in da car!" And that is how Scum rises to the top folks.



The problem is that sometimes one of the four drinking for free is the wealthiest person there….even wealthier than the guy who pays $59 because that guy is working for someone else and is PAYE making his opportunities for tax minimisation limited ..
 
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Thanks Tito, I've passed your "Nope" on.
I really hope your kids follow you into the trades because we need quality Tradies of all sorts desperately, and one huge advantage you blokes have is that you are seemingly allowed to drive faster than any other car on the road 😉.

The quality tradie shortage we have atm apparently goes back to 1996 when the Howard Govt. abolished the trade union training authority with a major cutback in federally supported trade training.
TUTA
was established in 1975 by the Whitlam Govt. and was a world 1st federally funded body to provide structured training to union officials and workers.
Bob Hawke and Paul Keating supported TUTA from 83 to 96 when little Johnny Howard was elected and immediately abolished TUTA, and I'm guessing, to smash union power.
Most rich people don't like unions as they take from the rich to give workers a fair pay rate.

Smashing union power marked the end of a national...govt. backed system which was specifically designed to strengthen trade and union skills.

You'll have to forgive me Tito, but you sound like a pretty hard taskmaster, and there is nothing wrong with that as long as you are fair also.

"I have no sympathy for anyone that's crying poor".

I'll bet you a gazillion $$$ that people that are poor, are like that because they have made bad life choices, I'm guilty of making many bad life choices along the way, OR they come from a long line of poor and disadvantaged people, and they are NOT all coloured people.
Once that disadvantaged mindset is ingrained in the family, and maybe for many generations prior, it's known that a big % of people can't fight their way out of that line of thinking through no fault of their own making.
It's the way it is for some, and these are the people that need the govt. to step up and support them, to try to get them out of the never-ending poverty trap.
I know plenty of people besides me that have come from nothing. A lot of poor people spend money recklessly buying drugs and alcohol or buying shit they don’t need before the consider what are they going to save for the week. It’s not easy. But that’s their choice.
 
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I once knew a man who owned a butcher shop 🎶🎼🎵oops sorry wrong tune.
I once knew of a man who was a professional on the futures market at the Stock exchange.
He and his wife owned a 17 million$$$ house overlooking Sydney Harbour.
@Tito Santana, he would never have hammered a nail in his life.
But as we know, money can't buy you love, his wife left him.
Cool story. Unlucky for him. He got played. I met my wife when I was still a kid living at home. She’s been with me since the beginning.

I’m not uber rich. I just can’t stand hearing people whine. Make it happen.
 
The problem is that sometimes one of the four drinking for free is the wealthiest person there….even wealthier than the guy who pays $59 because that guy is working for someone else and is PAYE
The really wealthy guy was given the bar and all the grog by his daddy, pays his staff peanuts and throws his toys out of the cot when anyone mentions a wealth tax
 
There are incredible people out there, who built fortunes and are considered to possess true wealth who are still puppets on strings as they are not members of systemic power.
Take Kanye West as an example. Early on he used his celebrity to become an activist, however he never went all the way. He was still establishment, marrying a Kadashian, supporting Obama, raging against how blacks were treated etc…and this grew his personal brand far quicker than his music could make him money and became a multi billionaire very quickly through incredible endorsements from massive multinational corporations.
He then started speaking out about the systems in Hollywood, the Jews, the corruption etc. They immediately came for him, ruining his reputation - he was now a crazy racist and then they took all those endorsements and contracts away in an attempt to ruin him financially almost over night - costing him many billions of dollars.
Had he continued down that path, he would have faced further consequences.
I am a huge fan of his music but this isn’t accurate about Kanye at all…. the guy was saying things like “I love Hitler” openly, putting Swastikas on his merchandise, campaigning for the release of guys like P Diddy & R Kelly. That will get you fired from any job let alone a public figure like him (who’s net worth is still over a billion dollars)
 
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Actually, it is still a right V left scenario.
The right is still definitely favouring the wealthy while Labor looks after the middle and lower classes. That's a fact.
But...the reality now is that both parties have shifted toward the political centre, with many voters now see them as prioritizing corporate or elite interests over everyday Australians.
So, it seems we are charging faster and evermore headlong with eyes wide shut to a world much more favourable to the rich and powerful 😈.
It has always been favourable to the rich and powerful. They run things. The political parties do what they are told.
All this protest nonsense you spoke about means nothing at all.
 
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I am a huge fan of his music but this isn’t accurate about Kanye at all…. the guy was saying things like “I love Hitler” openly, putting Swastikas on his merchandise, campaigning for the release of guys like P Diddy & R Kelly. That will get you fired from any job let alone a public figure like him (who’s net worth is still over a billion dollars)
Lol this is what I am talking about. Misinformation is easily spread and once you start it, everyday people will carry on the job for you.
He had never said he loves Hitler and all that crap ever in his career until recently. He is now regarded as a far right nut job, spewing hate speech. What hanged? Why has he changed?
The truth is he had a huge falling out with the group who think antisemitism is the greatest sin a human being can be accused of and they used their usual tactics, I.e. destroy the person’s credibility to teach him a lesson.
He did not react well which played into their hands. They now sit back and say “see? He’s just a crazy Jew hater”.
It masks and distracts from what he was originally saying when he first changed his viewpoint on how things operate.
 
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I once knew a man who owned a butcher shop 🎶🎼🎵oops sorry wrong tune.
I once knew of a man who was a professional on the futures market at the Stock exchange.
He and his wife owned a 17 million$$$ house overlooking Sydney Harbour.
@Tito Santana, he would never have hammered a nail in his life.
But as we know, money can't buy you love, his wife left him.
What has any of that got to do with this topic?
If your intention is to bash up on millionaires, then that’s pathetic.
They aren’t the problem at all.
 
Well yes the population is much bigger now so the divide grows.
But how do you measure who's better off, with the pursuit of wealth usually causes more stress then health problems.

Is it not better to be content living comfortably with no worries and be happy.

For all those people who are doing it tough I feel for them not everone can make the right choices through life that benefit financially.

To be young these days is so much harder than when we were, not just how difficult in future it will be to provide happiness but the pressure of social media.

You will need your head screwed on to prevent anxiety.
It’s up to us to help the following generations to come through. We need to take a leaf out of how Asians do it. Multiple generations in the same home working together to cut costs and set the young ones up. Strategies need to adapt.
Property worldwide has gone through the roof since Covid. That isn’t a coincidence. It’s all about control.
 
There should only be 2 interest rates rises next but if the immigration is not capped I expect minimum 3 rate rises maybe 4 labour is a horrific government
 
Lol this is what I am talking about. Misinformation is easily spread and once you start it, everyday people will carry on the job for you.
He had never said he loves Hitler and all that crap ever in his career until recently. He is now regarded as a far right nut job, spewing hate speech. What hanged? Why has he changed?
The truth is he had a huge falling out with the group who think antisemitism is the greatest sin a human being can be accused of and they used their usual tactics, I.e. destroy the person’s credibility to teach him a lesson.
He did not react well which played into their hands. They now sit back and say “see? He’s just a crazy Jew hater”.
It masks and distracts from what he was originally saying when he first changed his viewpoint on how things operate.
“misinformation”
 

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