Forbes

[Hogarthde]

In the Joke section, I made reference to ol mate 4Bee being on Forbes Rich List .

Ian, of the Western Star ,and has done more miles than the space shuttle, mentioned Forbes , a little town I had forgotten about. So as I now do, I asked my friend Ms G. about Forbes ,the town ,and Forbes the list.

So now I feel sick 🤒, how the dickens can so much money and assets be accrued , and what do they do with it?

And no, neither Des nor Ian live in Forbes

[Tombie]

Sick? Or Envious?

Like Amazon (JB) they accrue by finding something people believe they cannot live without and then harness that.

They don’t get rich just by their idea, they get rich by the population making them that way.

Look at the FB phenomenon, it’s become the go to social resource. People planning events, communicating business opportunities and marketing products to the masses.

Now so ingrained that it’s almost a necessity to keep up with things like local events, festivals, sales, even just what’s on in your local area.

[Slunnie]

So now I feel sick 🤒, how the dickens can so much money and assets be accrued , and what do they do with it?

And that brings a whole lot of discussion about society where a smaller group hold a larger part of the wealth.

[Hogarthde]

No Tombie, never envious.

as a kid , dad had a couple of beautiful Clydesdale draught horses , some neighbours had tractors, I was envious then , but not much, as we all loved horses.

So not envious, just a fad confused with the enormous amounts, but then again, I only made Lance Corporal in a sapper squadron.

[Tombie]

And that brings a whole lot of discussion about society where a smaller group hold a larger part of the wealth.

Indeed…. [emoji41]

And the associated problems.

Example again - Amazon.

A very wealthy man, however, through his empire he creates a significant amount of jobs for others.

And Amazons exponential growth since Covid, providing a delivery service to the population who couldn’t shop in the real world.
A CT may say it was manipulated to increase his wealth, other could say it provided an almost essential service to enable people to continue hobbies, source essentials etc.

Take a look at Mr Gates - another comfortably retired individual. More money than he knows what to do with. So he donates to big Pharma research and a plethora of other tech type fields.

Now if I was to donate a $1000 to say Cancer research, I’m a nice guy [emoji848], he donates the equivalent scales up donation and it’s a conspiracy.

I’m a hopeful believer that we can eventually stop things like cancer through some form of tech, however I’m also conscious that human cells can and do some crazy things. (Slunnie I know you, yourself had the fight of a lifetime). Big pharma at least had some treatments, which, whilst not nice, and friggin expensive, assisted your recovery.

Unfortunately - in a society driven by capitalism and consumerism- something has to be profitable to be deliverable.

Even humble AULRO needs to make money to keep going - Inc could no longer support the Data costs, hosting etc so it went subscription. If everyone globally got a LR, and then signed up - Inc could retire a happy man! Jeff Was fortunate enough that in his start up, people loved the idea of books delivered cheap, then he moved to online - Kindle…
His wealth came from savvy ideas and population take up.

[Tombie]

No Tombie, never envious.

as a kid , dad had a couple of beautiful Clydesdale draught horses , some neighbours had tractors, I was envious then , but not much, as we all loved horses.

So not envious, just a fad confused with the enormous amounts, but then again, I only made Lance Corporal in a sapper squadron.

At the end of the day - are you happy?

A life well lived is most important.

[Slunnie]

Indeed…. [emoji41]

And the associated problems.

Example again - Amazon.

A very wealthy man, however, through his empire he creates a significant amount of jobs for others.

And Amazons exponential growth since Covid, providing a delivery service to the population who couldn’t shop in the real world.
A CT may say it was manipulated to increase his wealth, other could say it provided an almost essential service to enable people to continue hobbies, source essentials etc.

Take a look at Mr Gates - another comfortably retired individual. More money than he knows what to do with. So he donates to big Pharma research and a plethora of other tech type fields.

Now if I was to donate a $1000 to say Cancer research, I’m a nice guy [emoji848], he donates the equivalent scales up donation and it’s a conspiracy.

I’m a hopeful believer that we can eventually stop things like cancer through some form of tech, however I’m also conscious that human cells can and do some crazy things. (Slunnie I know you, yourself had the fight of a lifetime). Big pharma at least had some treatments, which, whilst not nice, and friggin expensive, assisted your recovery.

Unfortunately - in a society driven by capitalism and consumerism- something has to be profitable to be deliverable.

Even humble AULRO needs to make money to keep going - Inc could no longer support the Data costs, hosting etc so it went subscription. If everyone globally got a LR, and then signed up - Inc could retire a happy man! Jeff Was fortunate enough that in his start up, people loved the idea of books delivered cheap, then he moved to online - Kindle…
His wealth came from savvy ideas and population take up.
Totally, thats just the tip of the iceberg and it goes on with lots of perspectives. There are really good things, really bad things. For probably all of us, we are the lucky ones! The bill from cancer, that was about $150k, I still feel like I'm the luckiest man alive!

[3toes]

I was reading a paper on wealth and it’s concentration. Despite what it may seem the concentration of wealth is at its lowest ever. This is due to us plebs actually having some assets where as until 200 years ago only the top of the tree had any assets the rest were just tools of production to be used and abused as required. This change started with the industrial revolution which required consumers to generate the wealth

[JDNSW]

It did not actually 'start' with the industrial revolution, even though it might look that way from where we are. For example, one of the key results of the Black Death in the fourteenth century was a dramatic shortage of agricultural (and other) labour, and the proportion of income going to the actual workers increased.

But even before this, it is worth noting that the widespread introduction of water and wind mills in the middle ages was not solely due to innovation - it was because the economics of slavery in Europe changed - shortage of supply! So those at the bottom of the pile ended up with a bigger proportion of wealth. Might not look like much from our perspective, but was better than earlier European societies. (Similar pattern but different timing elsewhere)

[ramblingboy42]

Money is the medium exchange for services rendered.

Dependant on what service you exchange and in what quantity determines your potential wealth.

[RANDLOVER]

I was reading a paper on wealth and it’s concentration. Despite what it may seem the concentration of wealth is at its lowest ever. This is due to us plebs actually having some assets where as until 200 years ago only the top of the tree had any assets the rest were just tools of production to be used and abused as required. This change started with the industrial revolution which required consumers to generate the wealth

Things are still very unequal in some places around the world though Aus is about average Wealth Inequality By Country 2021 (worldpopulationreview.com) (https://worldpopulationreview.com/country-rankings/wealth-inequality-by-country)

[prelude]

Getting that rich is "simple". Once you are on top, accumulating more becomes easy and even natural.

Let's say you are a very very good artist. Once you have a few hits, you get more exposure, you get more income, you can do more with that income, more exposure etc etc. I believe this is part of the pareto principle. Not only wealth accumulates at the top but also power for example. The two don't even need to be related.

What people eventually do with that wealth is an all together different thing. Personally I do not think this is "fixeable" or should even be fixed since it is a natural system in the world.

Cheers,
-P