Posted on 06/08/2015 4:55:05 AM PDT by SeekAndFind
“I would say you are rich if you could live on your wealth, without working. Otherwise, you are just another well-paid worker.”
Well, that is true only when you do something crazy and use savings and investments as the measure of wealth! Of course, those that can live on their wealth have usually spent 3 or 4 decades working a lot of hours.
We need to punish those long term thinkers! After all, they are just lucky to have accumulated wealth over their lifetimes and we need to take their earnings and give it to the spoiled children that kept up with the joneses!
;-)
I’ve read studies that boil it down to only 3 variables, 2 of which match your post.
1. Do not have children out of wedlock.
2. Finish high school.
3. Do not use illegal substances, or it may have been worded as not being addicted....
Wait what? Can someone make a graph using common core? You mean if a person works more than another person he will earn more money? OR, maybe get promoted with a raise? Or put in the 80 hours a week needed to start a business and get more earnings? How can this be?
Airlines down again. Don’t make sense. With all the flying you’ve been doing l would think they would be booming.
Key findings
- Seventy-two percent of the companies reviewed by AP had adjusted profits that were higher than net income in the first quarter of this year. That's about the same as in the comparable period five years earlier, but the gap between the adjusted and net income figures has widened considerably: adjusted earnings were typically 16 percent higher than net income in the most recent period versus 9 percent five years ago.
For a smaller group of the companies reviewed, 21 percent of the total, adjusted profits soared 50 percent or more over net income. This was true of just 13 percent of the group in the same period five years ago.
- Quarter after quarter, the differences between the adjusted and bottom-line figures are adding up. From 2010 through 2014, adjusted profits for the S&P 500 came in $583 billion higher than net income. It's as if each company in the S&P 500 got a check in the mail for an extra eight months of earnings.
Fifteen companies with adjusted profits actually had bottom-line losses over the five years. Investors have poured money into their stocks just the same.
- Stocks are getting more expensive, meaning there could be a greater risk of stocks falling if the earnings figures being used to justify buying them are questionable. One measure of how richly priced stocks are suggests trouble. Three years ago, investors paid $13.50 for every dollar of adjusted profits for companies in the S&P 500 index, according to S&P Capital IQ. Now, they're paying nearly $18.
I think of rich as those that live on their yachts or on a coast in Spain. Those rich don’t work. They are part of the ruling, elite class.
The rich on the coast in Spain are the English who are leaving behind the welfare state with their meager savings or going there to work in the new British colony. There are the rich over around the Hard Rock Cafe in the Marbella area but an entire community of less than rich are moving out of the foggy lowlands into the sun to live and work.
It is that easy. Anyone who wants to work can always make more than living on the dole.
When was the last time someone on a yacht gave you an order?
And it’s also true that smarter people tend to be more prosperous than dumb ones.
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