oops, sorry - one of my links didn't work. changed that, and i added a couple more things.
interesting quote from one of the articles, which was a research report made to congress:
<!--QuoteBegin--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> </td></tr><tr><td id='QUOTE'><!--QuoteEBegin-->Multiple factors have combined to increase medical malpractice premium rates over the past several years, but <span style='font-size:12pt;line-height:100%'> <b>losses on medical malpractice claims appear to be the primary driver of increased premium rates in the long term. Such losses are by far the largest component of insurer costs</b></span> and in the long run, premium rates are set at a level designed to cover anticipated costs. However, the year-to-year increase in premium rates can vary substantially because of perceived future losses and a variety of other factors, including investment returns and reinsurance rates. Moreover, the market for medical malpractice insurance is not national, but depends on the varying framework of insurance, legal, and health care structures within each of the states...
Had to. <!--emo&:D--><img src='http://www.unknownworlds.com/forums/html//emoticons/biggrin-fix.gif' border='0' style='vertical-align:middle' alt='biggrin-fix.gif' /><!--endemo-->
<!--QuoteBegin--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> </td></tr><tr><td id='QUOTE'><!--QuoteEBegin-->“and to milton friedman: basically what you were saying sounds like "everyone has an equal opportunity as long as they manage to guess well where to put their effort". "jeez, it's hard keeping a roof on my head and chow on the table! I'm still stuck at this hot dog stand! guess I should've gone to McD, I might be the cheery guy in charge of the workshifts by now!". ok, maybe I'm being cynical and pessimistic here..”<!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd-->
Everyone has equal opertounity based on their hard work. Generally speaking, as failures mount, many switch and adjust their behaviors to their advantage. So no, its not guessing where you put your efforts, its experience. Some choose to adjust (i.e. your hotdog stand model. Instead of working on his hotdog stand, he decides to increase his value by putting more efforts in school) while others refuse to. Those who don’t eventually loose out; just apart of the life in our system (which by the way is the only system that can work in a imperfect world).
<!--QuoteBegin--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> </td></tr><tr><td id='QUOTE'><!--QuoteEBegin-->btw, the Einstein comparison was a little clumsy, as we're talking about "making it" financially, not scientific breakthroughs. bear in mind that since Einstein died, MANY scientists who are aware of and accept both conventional physics and quantum physics have been trying for years to create "the One theory" to explain it all, but haven't achieved to do so. therefore, even if Einstein had accepted and "used" quantum physics, it would probably be highly doubtful that he'd had succeeded. unless his brain really was miles ahead of the brains of top physicists of today. (fortunately for us, "string theory" might hold the key for unifying the laws of the universe into one theory! I'm not too educated on physics but I'll be waiting for the news)<!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd-->
True, I should have chosen a better example, but the point still remains. My point was to counteract your assertion that somehow poor people do not have equal opertounity in this country while the wealthy are and immune to failure.
Milton, I think though that the rich and those doing well with money ARE the types of people that have made the right decisions. You're not going to have a rich hot dog stand worker, so the rich are obviously going to be those that go to school and manage to get a better job.
People somehow think that the rich don't deserve to be where they are, when in fact, there is no reason to warrant that conclusion. The rich have every reason to be rich. If some guy invents a toaster and gets millions of dollars as a consequence, not only does he deserve to be rich, but his children, and his children's children children deserve to be rich. That's the way it works in this world. The big fish swallow the little fish. How do you become a big fish is all a matter of how you make your choices.
If Bush shows sympathy for rich people, then why shouldn't he? It looks bad, and this might be the only reason he wouldn't come out and admit it, but in fact there should be nothing bad about it. Tax the wealthy more, sure, but lets not punish them for being successful. That's the core of capitalism, and in a world build on capitalism, Bush is king.
People that are Self-Employed can become successful if convert Self-Employment into business.
However, the fourth group on the "money flow chart" is the Employee. The Employee is never going to be successful unless he happens to be an "executive" type of employee, or happens to be a sales guy who brings in $75k in bonuses per year + his base salary of $25k. The employee is the most common form of the 4 groups, and gets the least amount of capital back from his effort put in. Almost all poor people are employees.
Now, if the employee is smart, he will either turn himself into a #1 or #2. Both options are available to everyone, although #2 simply takes capital, instead of capital and imagination in the case of #1.
Most employees suffer from the mentality of "now." They don't plan ahead, they don't have a vision for success, and they make their life dreams and goals crappier so that they can not feel so bad about their position. If an employee decides "hey, enough of this, I'm going to start investing," his mentality changes. He is more likely to receive that promotion now, because he's doing a better job at work due to his powerful will to become successful. His desire to become successful and not average will be put to the test by many things, but if he still keeps his dreams and goals as the #1 priority, he will rise back up everytime and keep moving towards them.
Behold, the power of a dream. Behold, the power of capitalism.
Comments
interesting quote from one of the articles, which was a research report made to congress:
<!--QuoteBegin--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> </td></tr><tr><td id='QUOTE'><!--QuoteEBegin-->Multiple factors have combined to increase medical malpractice premium rates over the past several years, but <span style='font-size:12pt;line-height:100%'> <b>losses on medical malpractice claims appear to be the primary driver of increased premium rates in the long term. Such losses are by far the largest component of insurer costs</b></span> and in the long run, premium rates are set at a level designed to cover anticipated costs. However, the year-to-year increase in premium rates can vary substantially because of perceived future losses and a variety of other factors, including investment returns and reinsurance rates. Moreover, the market for medical malpractice insurance is not national, but depends on the varying framework of insurance, legal, and health care structures within each of the states...
[snip]
(emphasis mine)
<!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd-->
Had to. <!--emo&:D--><img src='http://www.unknownworlds.com/forums/html//emoticons/biggrin-fix.gif' border='0' style='vertical-align:middle' alt='biggrin-fix.gif' /><!--endemo-->
Everyone has equal opertounity based on their hard work. Generally speaking, as failures mount, many switch and adjust their behaviors to their advantage. So no, its not guessing where you put your efforts, its experience. Some choose to adjust (i.e. your hotdog stand model. Instead of working on his hotdog stand, he decides to increase his value by putting more efforts in school) while others refuse to. Those who don’t eventually loose out; just apart of the life in our system (which by the way is the only system that can work in a imperfect world).
<!--QuoteBegin--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> </td></tr><tr><td id='QUOTE'><!--QuoteEBegin-->btw, the Einstein comparison was a little clumsy, as we're talking about "making it" financially, not scientific breakthroughs. bear in mind that since Einstein died, MANY scientists who are aware of and accept both conventional physics and quantum physics have been trying for years to create "the One theory" to explain it all, but haven't achieved to do so. therefore, even if Einstein had accepted and "used" quantum physics, it would probably be highly doubtful that he'd had succeeded. unless his brain really was miles ahead of the brains of top physicists of today.
(fortunately for us, "string theory" might hold the key for unifying the laws of the universe into one theory! I'm not too educated on physics but I'll be waiting for the news)<!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd-->
True, I should have chosen a better example, but the point still remains. My point was to counteract your assertion that somehow poor people do not have equal opertounity in this country while the wealthy are and immune to failure.
People somehow think that the rich don't deserve to be where they are, when in fact, there is no reason to warrant that conclusion. The rich have every reason to be rich. If some guy invents a toaster and gets millions of dollars as a consequence, not only does he deserve to be rich, but his children, and his children's children children deserve to be rich. That's the way it works in this world. The big fish swallow the little fish. How do you become a big fish is all a matter of how you make your choices.
If Bush shows sympathy for rich people, then why shouldn't he? It looks bad, and this might be the only reason he wouldn't come out and admit it, but in fact there should be nothing bad about it. Tax the wealthy more, sure, but lets not punish them for being successful. That's the core of capitalism, and in a world build on capitalism, Bush is king.
1.) Business Owners
2.) Investors
People that are Self-Employed can become successful if convert Self-Employment into business.
However, the fourth group on the "money flow chart" is the Employee. The Employee is never going to be successful unless he happens to be an "executive" type of employee, or happens to be a sales guy who brings in $75k in bonuses per year + his base salary of $25k. The employee is the most common form of the 4 groups, and gets the least amount of capital back from his effort put in. Almost all poor people are employees.
Now, if the employee is smart, he will either turn himself into a #1 or #2. Both options are available to everyone, although #2 simply takes capital, instead of capital and imagination in the case of #1.
Most employees suffer from the mentality of "now." They don't plan ahead, they don't have a vision for success, and they make their life dreams and goals crappier so that they can not feel so bad about their position. If an employee decides "hey, enough of this, I'm going to start investing," his mentality changes. He is more likely to receive that promotion now, because he's doing a better job at work due to his powerful will to become successful. His desire to become successful and not average will be put to the test by many things, but if he still keeps his dreams and goals as the #1 priority, he will rise back up everytime and keep moving towards them.
Behold, the power of a dream. Behold, the power of capitalism.