German billionaire buys $100M yacht after implementing pay cut for workers

[Epicurus8a]

......

[thecoalman]

.......... I expected nothing more. When people are shown real life examples and given scenarios as to why their idea sucks which they have no answer too they have have nothing left to do but post an image like that and go crawl back in their hole. Run along now.

[greymalkin]

time for someone to take their limp wrists away from their iMac and quit crying because someone else is doing better than you.

[Epicurus8a]

Excuse me folks, but when someone makes paranoid accusations of of socialism/communism it's clear to me they have no interest in discussing matters rationally and with an open mind. I'm simply not going to waste my time on people with tiny minds. If you don't care about inequality and disparity, just admit it from the start.

[thecoalman]

If you're going to enact laws to limit the wealth of someone to benefit someone else what else would call it?

If you don't care about inequality and disparity, just admit it from the start.

People never were and never will be equal, it's the law of nature. If you can't cut it then tough luck.

[lordsmurf]

Excuse me folks, but when someone makes paranoid accusations of of socialism/communism it's clear to me they have no interest in discussing matters rationally and with an open mind. .

Yep. 8)

You just earned yourself a beer, friend.

[Epicurus8a]

Clearly I need to find a site where I can discuss this matter openly.

You just earned yourself a beer, friend.

...and I'll take care of the tab.

Mods, please lock this thread.

[gadgetguy]

......

Just so you know, for me the conversation ended at this post. Coalman's post prior to that was expected in this type of conversation (or should have been), and instead of countering with a reasoned, well thought out response, you chose the low road.

[greymalkin]

yep...epic fail.

also, why is it when people don't have a logical answer for why they disagree with you they just say you are tiny/closed minded? This is pretty hypocritical as you are saying someone is wrong because they don't believe just like you do, therefore condemning yourself of this same "closed/tiny mindedness".

people have different opinions on many things, and sometimes you can change their mind (or at least give substance to your opinion) using sound logic and reasoning, but you will never change their mind with childish pictures and proclaiming how small their brain is. That's for the elementary school playground.

[Epicurus8a]

People never were and never will be equal, it's the law of nature. If you can't cut it then tough luck.

Survival of the fittest. Gee I thought mankind had evolved beyond that animalistic thinking. Apparently not everyone has. (BTW, I'm probably a lot better off than you, especially when it comes to compasion for others.)

Just so you know, for me the conversation ended at this post. Coalman's post prior to that was expected in this type of conversation (or should have been), and instead of countering with a reasoned, well thought out response, you chose the low road.

Duh. The conversation ended when he chose the low road and made ridiculous accuisations against me.

yep...epic fail.

also, why is it when people don't have a logical answer for why they disagree with you they just say you are tiny/closed minded? This is pretty hypocritical as you are saying someone is wrong because they don't believe just like you do, therefore condemning yourself of this same "closed/tiny mindedness".

people have different opinions on many things, and sometimes you can change their mind (or at least give substance to your opinion) using sound logic and reasoning, but you will never change their mind with childish pictures and proclaiming how small their brain is. That's for the elementary school playground.

Whatever....

I don't mind having a discussion, but I'm not going to waste my time arguing like those wackos on FOX News.

[greymalkin]

still waiting for that discussion...

I've re-read the entire thread and the only ridiculous accusations are coming from you (and me of course, but that's because I think I'm funny).

Let's look at the ridiculous comments/accusations made so far:

please kill yourself now.

how compassionate!

Mandatory sterilization would suffice. :P

what marvelous insight into the situation!

......

how rational and open minded of you.

when someone makes paranoid accusations of of socialism/communism it's clear to me they have no interest in discussing matters rationally and with an open mind. I'm simply not going to waste my time on people with tiny minds. If you don't care about inequality and disparity, just admit it from the start.

oh boy full of love here. let's see the accusations...paranoid, irrational, closed minded, tiny minds too..

So there's 7 ridiculous statements/accusations so far....But I'm sure silly numbers and logic just mean I have a pea-brain, tell me about how compassionate you are again. Tell me how you're about to donate your computer and belongings to a 3rd world country so we can all be equal. After all to them you are that filthy rich man...or is it only bad when it's someone better off than you?

I know you hate facts and real world examples, so keep digging...

[Epicurus8a]

It's called "caustic humor." http://en.wikipedia.org/wiki/Caustic_humour


Here's a link to Economics 101: http://www.econdash.net/econ101.asp

And here are some facts for you:
1. Money "works" better when it's in the hands of people who spend it.
2. Money doesn't "work" at all when it's in the pockets of misers who hoard it.
3. Extreme hoarders (like Wuerth) aren't much different than monopolies. http://economics.about.com/cs/microeconomics/a/monopoly.htm

IMO, monopolies and extreme hoarding should be stopped.


From now on my off topic posts are going to be simple. Something like, "Do you prefer peanuts or walnuts."

[greymalkin]

although you haven't learned that snobbery doesn't get you anywhere, at least now you're adding some substance to your posts, no matter how simplistic and short-sighted it may be. was that so hard?

as for the caustic humor, I'm well aware of such incindiary speech..if you'll remember I referred to you as a limp wristed iMac user. Although you are again thinking too much of yourself if you believe your insults were witty.

Furthermore, and most importantly I might add...what difference does it make that you can define exactly how you are being elitist?

You acted as if you were trying to make an argument based on logic and reason, but all you were doing is throwing childish insults at everyone and proclaiming how merciful, compassionate, and smart you are. So now we're back to saying one thing and doing another. Perhaps the air is too thin where your nose is. I do hope your computer is on its way to a remote African village now.

your ideals are not ridiculous on paper, but they have limited appeal in reality. Can you control the people? Can you erase the desire for wealth and power from the hearts of men?

And perhaps most importantly, can you hope to sell your argument while ridiculing everyone who doesn't feel the same way you do?

[Epicurus8a]

We should go out for a few beers and exchange insults. I'm always looking for an opportunity to sharpen my skills, and that's why I make some posts.

I haven't sent a computer yet, but I am involved in a few service organizations, and I have purchased several acres of rainforest. http://www.conservation.org/Pages/default.aspx

BTW, that is how money "works," no joke. (ie: Spending = Good, Extreme Hoarding = Bad.) Wealth that isn't re-invested in an economy is harmful to economic growth. Furthermore, some countries have (or have had) rules regarding this; including the USA. How it would be instituted and enforced would be up to the experts.

Gotta go now - I might not be back for a while.....



Oh yeah, one more thing, a disclaimer: I didn't check "Econ 101" for accuracy nor do I endorse them.

[rhegedus]

And here are some facts for you:
1. Money "works" better when it's in the hands of people who spend it.
2. Money doesn't "work" at all when it's in the pockets of misers who hoard it.

Realy? When did opinion become fact?

Here are some facts for you:

People not finacially responsible enough to save for a deposit get mortgages after the HUD strongarms Fannie & Freddie into giving them with threats of legal action. Said people, instaid of thanking their lucky stars to have a house of their own, made their money "work" by maxing out their credit cards and taking out loans on the collateral of their house. These are then paid off with remortgages but then more credit cards and loans follow. Pretty soon, mortgages and loans grossly exceed the real value of the home. When mortgage rates go up, said people who made their money "work" by spending on crap instead of making their money "work" by hoarding begin to default and Fannie & Freddie go under.

In the meantime, people who did "work" instead of rely on a get rich quick scheme find that their careful hoarding now means jack shit because they get close to 0% on their savings, and to add insult to injury, get saddled with the tax burden of bailing out the banks because some dipshits buried their heads in the sand when the writing was on the wall.

How's that "work" out for you?

[Epicurus8a]

I'm in the same boat dude and not at all happy about it.

Sorry, but I don't have anymore time to elaborate. Maybe in a week or two if I'm still in the mood.

[Epicurus8a]

Oh, and before I leave on vacation... someone should start a productive thread about solving the our problems, instead of just griping about them. I'll leave that to you guys.

[thecoalman]

And here are some facts for you:
1. Money "works" better when it's in the hands of people who spend it.
2. Money doesn't "work" at all when it's in the pockets of misers who hoard it.

So what's your point of starting this thread to begin with? The guy is spending $100 million...

[greymalkin]

Again..if you say there should be caps on wages etc. etc. etc...then that means you have to put someone or some organization in charge of it...so now you give up some of your rights and give the power to a small group of people..are they immune from greed? No! They give themselves raises and use up the tax dollars like it's play money...they didn't earn it and the numbers are so large it doesn't even seem real..

I mean I can talk about how we can't really do anything about it and you can say we should do something about it and in the end we'll get the same amount of nothing done

If you start leveling the playing field financially then a good portion of the people who were poor before will go buy 50" plasma TV's and 24" rims and be poor again in no time, while the "hoarders" will put their money to work and build businesses which employ people and produce something...remember it's that production that determines the health of our economy.

This is of course not an absolute, and some people just get a bum deal in life, but giving to those who did not by hard work and dedication earn it will only increase an already too large welfare state...and the more people get, the more they'll expect. On the news last year there were people whining and moaning about how they didn't get any free food after hurricane ike for 2 days! They knew about the hurricane for at least a week and didn't prepare b/c they figured a handout was coming. This is NOT healthy. Growing this population will be the ruin of our country..as we will no longer be a PRODUCING NATION but a country of leeches.

finally..hey man can I borrow a dollar? I just got out of prison and my brother in law is going to pick me up in a few hours and i want some food from this place that only takes cash and only I can see.

[lordsmurf]

And here are some facts for you:
1. Money "works" better when it's in the hands of people who spend it.
2. Money doesn't "work" at all when it's in the pockets of misers who hoard it.

So what's your point of starting this thread to begin with? The guy is spending $100 million...

He should not have been allowed to horde $100 million, those workers deserved it.

[thecoalman]

He should not have been allowed to horde $100 million, those workers deserved it.

As already pointed out the ship builder is going to be employing people. Why pay someone to do nothing when you can employ someone that is actually going to produce something? Having said that suppose the company fails , that "horde" of cash will used to possibly start a new venture. No horde, no new venture, everyone loses. We all get poor.

[M Bruner]

What about the billions in bailout money? Hoping not to get political, but are the billions we gave those companies wasted because they won't spend the bulk of it creating new jobs?

[lordsmurf]

We all get poor.

Get?
As opposed to what? Already being poor, while Johnny Jackass rides around on a yacht?

[thecoalman]

As opposed to what? Already being poor, while Johnny Jackass rides around on a yacht?

I don't know about you but I'm doing pretty well, then again I do business the old fashion way and don't live on the edge but instead rely on steady and slow growth. I have a nice "horde" to ride out the storm with. I wish I had an extra couple of million or two laying around so I could go invest it in houses, that's something I'd be willing to take the risk on.

[greymalkin]

think about the elderly people you know who lived through the real great depression..they hoard everything! this is a human condition not spared on the wealthy.

besides...what got us in the present mess is the opposite of hoardng.

[zoobie]

Like most of the wealthy, it's a little easier to start off with a million or two...