What is Digg?288 Comments
- psg188, on 06/25/2008, -5/+62"I feel guilty for working hard and investing money well, if only someone would redistribute it for me."
My parents have over a million dollars in assets and both have middle class jobs, they are just smart and have worked really hard every day of their lives, and they remind me of this every god damn day. - Tanktunker, on 06/25/2008, -3/+58Big deal, 1 million dollars is, what, 4 and a half Euros now?
- vortz83, on 06/25/2008, -5/+45Wow, it's not even awesome to be a millionaire anymore. That makes me feel very, very poor.
- S7aind, on 06/25/2008, -3/+38With inflation being a millionaire wouldn't be a big deal in 15 years
- shadowman99, on 06/25/2008, -3/+31Dear Millionaires of the world -
Please consider me for inclusion in your club. I'm fun at parties. I have a great video collection. You can probably beat me at whatever Wii game you wanna impress your friends on.
You like fancy expensive cars? Me too!
You like living in a big house? I wanna big house!
We have so much in common! Except money. I don't have much of that.
But I have a plan. If you're a millionaire and you're not sure about buying that sixth mansion or the Farrari Enzo - Maybe you should just paypal it to me. Email me. Have your people call my people. We'll do lunch. - Maynym, on 06/25/2008, -10/+34I think this is good news!
To those of you who whine about this: Economy is not a zero-sum game, dummies.
The growth is absolute; the world as a whole is getting richer, that's why there are more millionaires.
The difference between capitalism and socialism:
Capitalism: Some very rich folks, quite a few rather-rich folks, a lot of average folks, some poor folks.
Socialism: Everyone piss poor.
So, which is better? I can tell from experience, I lived under both systems.
The resentment of extreme left-wing is the wish of untalented individuals who have nothing to offer to this world and haven't earned anything so they want to drag down everyone else to their level. - woofer1125, on 06/25/2008, -2/+24i carry monopoly money in my pockets...
i feel like a star when i walk on cardboard...
:(. - inactive, on 06/24/2008, -9/+31There's no millionaire in my house! Not even a thousandaire.
- MxM111, on 06/25/2008, -3/+23Ehm... You have your own house? That must cost more than a thousand...
- brettg102, on 06/25/2008, -2/+18A million dollars is NOT that unattainable at all. Go do a ROTH IRA calculator of saving the max of 5,000 a year from 25-65.... over 1.5million. SAVE DUMBASSES.
http://www.planningtips.com/cgi-bin/roth.pl - inactive, on 06/25/2008, -6/+23You are a moron.
- Albear89, on 06/25/2008, -1/+17I'm an overdrawn account a nair. 200 $ dollars over. any hot chicks wanna have sex ?
- theotheragentm, on 06/25/2008, -0/+15If you're in California you can get a house with bars on the windows for half a million. The bullet holes come free. You're pretty much half way there with any house in California right now.
- ordig, on 06/25/2008, -5/+19.016% of the world's population...
- inactive, on 06/25/2008, -1/+14There are thousands of millionaires in the NBA, NFL, and MLB alone. I can see this being possible.
- brettg102, on 06/25/2008, -4/+16A million dollars is NOT that unattainable at all. Go do a ROTH IRA calculator of saving the max of 5,000 a year from 25-65.... over 1.5million. SAVE DUMBASSES.
http://www.planningtips.com/cgi-bin/roth.pl - inactive, on 06/25/2008, -2/+13With the current exchange rate, most of the home owners in UK are millionaires (in American money).
- inactive, on 06/25/2008, -3/+14they have dollars not euros? lol poor little creatures...
- sk11, on 06/25/2008, -1/+12The difference between America and Sweden:
America: Some super rich folks, quite a few average folks, many poor folks.
By-products: much resentment and friction between different classes, races, social and political factions and religions. Many aggressive, ignorant, stressful, greedy and paranoid people. Massive amount of crime and corruption, largest prison population in the world.
Majority priority: MONEY, MONEY, MONEY, MONEY, MONEY, MONEY, MONEY,...
Social view: selfish, every man for himself.
Sweden: Some rich folks, many rather-rich folks, some moderate folks, some poor folks.
By-products: little resentment, mostly well educated, low crime and corruption.
Majority priority: good, clean, sensible living.
Social view: fairness and tolerance.
Let the neo-con* Sweden bashing commence.
* for any idiots out there, neo-cons != conservatives. After all, you have to be human to be a conservative. ;P - TomK88, on 06/25/2008, -5/+15Right, let's blame people for the situation they were born into. But hey, I bet you were given absolutely nothing your entire life, right?
- HeatherH88, on 06/25/2008, -8/+18I can respect those who strove to earn their millions... but I have little, if any for those who are rich off of old money.
- sexybobo, on 06/25/2008, -2/+12@brettg102
so when i am 65 i can buy a gallon of milk.
The reason why their are 10 million millionaires is because a million dollars is not a hell of a lot of money any more. It use to be if you had 1 million you would be set for life and never half to work. Now 1 million is enough to live comfortably for 20 years or so. - MWeather, on 06/25/2008, -2/+12So the secret to being a millionaire is not buying stuff you don't need? Have you ever seen a millionaire's house, or their car, or their yacht, or the helicopter that lands on the yacht?
I'm thinking there's something more to it than being thrifty. - mauso, on 06/25/2008, -4/+13ileen4justice is an idiot.
- BESTenemy, on 06/25/2008, -0/+9 This morning on my way to work the guy was talking about the same thing. He brought up Austin Powers as an example where the villain asks for 1 million dollar ransom, that was a more significant amount of money in the past where he originated, only to have everyone in the present chuckle.
Still the wages don't rise automatically as a result of inflation. There is a delay between consumer price, producer price and wage increases. Those that sit close to the issuer of currency gets the first grab at fresh money and gets richer by being able to spend it before the money dilutes the value of all the rest in circulation. The poor, not having spent anything, sees the value of his savings evaporate. So, an increased number of rich people is to do with inflation, but the fact is of no comfort to the poor that are getting squeezed worse than before and aren't getting proportionally more money.
We live in a Keynesian economics system where price stability is the target. The problem is that such system constantly dilutes the monetary supply, discouraging investment through saving. It promotes speculation and investment through credit (borrowing). Austrian system is an alternative - it promotes price deflation and puts a cap on monetary expansion. In such system the person that saves gets rewarded by having his currency appreciate in value over time. - infinitus64, on 06/25/2008, -2/+11that is because 10 percent of people control 90 percent of the money.
- imightbewrong, on 06/25/2008, -0/+8.016% of the world's population... are Millionaires!!!
so 1 out of every 6250 people on the entire world is a millionaire
really not that bad until you think about what the odds are of some owning less than 100$
its probably like 1 in 20 - Tonicks, on 06/25/2008, -5/+13I can feel it coming: The comments on haves and have nots, etc.
NEWSFLASH: Most people got rich because they or someone before them made wise decisions and are good with money. They didn't obtain it by evil, diabolical means.
People complain about the wealthy; they act like THEY deserve that money. But the reason most people are poor is because they are so FOOLISH with their money and too lazy to step out of their trailers to do anything for themselves because, HARK, the almighty government is sending them a check. - alapoet, on 06/25/2008, -3/+11Meanwhile, the news isn't so good for the rest of us.
http://realitycatcher-alapoet.blogspot.com/2008/06 ... - BigglesPiP, on 06/25/2008, -0/+8Not very amazing considering the value of some currencies!
- mlvassallo, on 06/25/2008, -1/+8I blame Regis.
- MWeather, on 06/25/2008, -2/+10The poorest people I know are the hardest workers I know. The richest tend to delegate.
- TomK88, on 06/25/2008, -7/+14It is nobody's responsibility but your own to create wealth for yourself. Most millionaires are self-made. What differentiates a "have-not" person like yourself and a millionaire? The fact that they worked for it and didn't sit around whining about people who have more assets than them.
- woodrow8292, on 06/25/2008, -3/+10So how many computers do you own? How many TVs do you have? How many ipods? How many cell phones? 99% of the world isn't living in pain and horror please site your source. My point is so what if there are a lot of rich people in the country most of them worked for it and put in the time to get that wealth. Guess what not everything is fair some people have more than others. That's the way it always has been and always will be. I am all for helping the less fortunate and giving back in various way but the is no reason to punish the successful. Even with all the 1% having as much as 90% I feel my life is pretty good and live well.
- specialK16, on 06/25/2008, -1/+8Mortage? Sounds familiar?
- Tonicks, on 06/25/2008, -4/+11A lot of times because they've made wise decisions and are smart. Sometimes they inherit it ... from someone who made wise decisions and was smart.
- Maynym, on 06/25/2008, -3/+10Economy is not a zero-sum game, dummy.
The growth is absolute; the world as a whole is getting richer, that's why there are more millionaires.
The difference between capitalism and socialism:
Capitalism: Some very rich folks, quite a few rather-rich folks, a lot of average folks, some poor folks.
Socialism: Everyone poor.
So, which is better? I can tell from experience, I lived under both systems. - noahhoward, on 06/25/2008, -0/+7Retirement accounts? It is obscenely easy to become a millionaire if you start saving early. Open an IRA.
- RutgerB, on 06/25/2008, -1/+8I think you misinterpreted him... I'm no millionaire, and being one isn't even special, what makes me that?
- WalkerTXclocker, on 06/25/2008, -0/+6Damn, I'm not even a Yen millionaire.
- megamod, on 06/25/2008, -0/+6To be a Yen Millionaire you only need $10K USD =)
- brettg102, on 06/25/2008, -1/+7Not hard at all. Save money in interest earning accounts and never touch it.
- ousthouse, on 06/25/2008, -0/+6Just because some people have more than you doesn't make you a 'have-not'. I'd rather be what you'd call a 'have-not' now than a 'have' 50 years ago.
- leopardflames, on 06/25/2008, -3/+9you know what sucks? when you work your ass off, finally get a new job with a substantial pay raise so you can pay off the debt that you have accumulated for the past five years....and then the taxes are raised. your money that you are taking home now is less than what you made previously. and you are struggling with several jobs to make ends meet. then you hear about these people. i don't want to hear about them. they need to go spend their money so that my boss can pay me more.
- Paktu, on 06/25/2008, -0/+6More likely, he rents.
- robbh66, on 06/25/2008, -0/+6The article is about how more people are millionaires- and you respond with "And the rich get richer."
Analyze your comment and how stupid it is in this situation. - Maynym, on 06/25/2008, -1/+7Yes, the socialist imbeciles seem to think economy is a zero-sum game. They have no understanding of the basic concepts of economy. Just mindless sheep full of resentment shouting inane Marxist propaganda , they want to drag everyone else down to their piss poor level, because they're too lazy to work or too stupid to improve their financial status.
- inactive, on 06/25/2008, -0/+6So your chances of becoming a millionaire one day.
"We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off." -
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