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The cause of Inequality, Sam will not like this hard truth.

http://teremity.wordpress.com/2013/10/02/21-ways-rich-people-think-differently/

World’s richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the “jealous” middle class to task for ‘drinking or smoking and socializing’ rather than working to earn their own fortune.

What if she has a point?

Steve Siebold, author of ‘How Rich People Think’ spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else.

It had little to do with money itself, he told Business Insider. It was about their mentality.
“[The middle class] tells people to be happy with what they have,” he said. “And on the whole, most people are steeped in fear when it comes to money.”

There is NOTHING wrong with being average ...not everyone can be a leader. The point is, why should an average person not have a right to a middle class existence? Why should hard working people, who is of average intelligence, not have the right to earning a living wage?
We ought to raise the bar for everyone ...living wage should be the norm so that we don't need to have homeless people. Middle class existence should be attainable to all if they have done the necessary to climb the social ladder.
It is time we stop feting the rich to the detriment of the working and middle classes.
 
I already told you to forget about "fair". Nothing is fair in this world. Some people are born without arms or legs, some are blind at birth. Is that fair? Of course it isn't but nature often deals a cruel hand. You have to learn to live with it.

People complain about Walmart but Sam Walton had to milk cows during the great depression in order to make ends meet.

There is no system on earth that will ever make life "fair" for everyone. If you want to be successful, you have to make it happen.

No Free Lunch, you have a choice, take a plunge or remain where you are.
 
There is NOTHING wrong with being average ...not everyone can be a leader. The point is, why should an average person not have a right to a middle class existence?

that, my friend, is exactly the 'malay dilemma' (with the caveat of "average" being replaced by "below average"). :p
 
that, my friend, is exactly the 'malay dilemma' (with the caveat of "average" being replaced by "below average"). :p


You will find the "average" not very "average" - the Green-Left gay/animal rights latte-sipping inner city crowd who eat organic food, believe in climate change and has never done a day of hard yakka real job. See a lot of them lately.
 
It is hard to decide which of these two groups has been most successful in capturing a disproportionate share of its society's wealth. Each group has been phenomenally successful in its own way.


THE CHINESE COMMUNIST PARTY

Meanwhile the world is getting a glimpse of the immense wealth that has been captured by China's elites as they rush to get the money out of China. Eg Chinese buying has sent the price of Bitcoins to equal the price of gold.

The 80 million members of the Chinese Communist Party (5.5 per cent of the population, not 1 per cent) are clearly worried:



As a result the CCP, who have captured the lion's share of China's wealth, are doing two things:
  1. exporting capital as fast as possible and,
  2. through their chosen Premier Xi Jinping, introducing reforms to allow them to export more capital more quickly, while also opening up opportunities for the masses to do a bit better through individual capitalism.


Source: http://www.businessspectator.com.au...great-vested-interests-bankers-and-communists

Eg of a CCP member spending spree.


Shandong's Du family's investment vehicle, Bright Ruby Resources Pte. Limited

Company Overview
Bright Ruby Resources Pte. Limited owns and operates commercial office property. Its portfolio includes Sydney office tower at 10 Barrack Street. The company was incorporated in 2009 and is based in Singapore.
1 Raffles Place
Singapore, 048616
Singapore
Phone: 65 6435 2612
Founded in 2009


Bought two Sydney buildings for a total of AUD$264 million in the past 12 months
231 Elizabeth Street AUD$201m
10 Barrack Street AUD$62.50 million
Broke all records for a piece of commercial real estate in Singapore, paying SGD$1.2 billion for the Grand Park Orchard Hotel


http://www.theaustralian.com.au/bus...ity-office-site/story-fn9656lz-1226526014755#
http://www.thelawyer.com/firms-and-...-elizabeth-street-acquisition/3005300.article
http://www.colliers.com.au/News/News-details.aspx?NewsId={028E281C-F33E-48C0-A4EE-60377BED12FF}
http://business.asiaone.com/news/china-group-buys-grand-park-hotel-record-price
 
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