You are viewing a single comment's thread from:
RE: INCOME INEQUALITY? I think you mean EFFORT INEQUALITY.
I totally disagree with you. If you start with 100 and make all the right investment moves and get a 100% return you have 200. If you start with 1000000 and make dumb moves and get a 10% return, your gains are 10,000.
Ben Carson and Oprah Winfrey started with nothing.
— NP
The percentage of the ROI is always the most important. To knowledgeable investors, the 100% return is going to look a lot better than the 10% return regardless of how much the actual return was. A similar example is in crypto. If you invest in a coin that is $0.01 and the next day it goes to $0.02, that's a 100% return even though it was only a 1 cent increase. If you invest in a coin that is $1,000 and the next day it goes to $1,100, that's a 10% return with a $100 increase. If you know about investing, you would much rather invest in the $0.01 coin because of the percentage growth. It's the percentage that matters.
That has nothing to do with my point. Who cares if you are making 100% profits if you are making minimum wage and $20,000 a year. After a year you'd be lucky to have $100 to invest. The point is that money makes money and the more you have the less you have to work. There is nothing fair about that, but thats life.
Well, I was strictly looking at your comment. So, I didn't interpret your comment to be about minimum wage. A minimum wage job is minimum wage because those jobs require very little skill if any at all. Those positions are expendable because they can easily be replaced by anyone. No one is forcing anyone to stay at a minimum wage job. Yes, some people must get those jobs due to unfortunate circumstances. But no one is preventing them from increasing their skills to be eligible to be paid more. There are opportunities everywhere. If for whatever reason someone can't find an opportunity, then they can create their own by starting a business or a side hustle to supplement their income. No one is forced to make very little unless they live in a communist country. If they live in a capitalistic country like the US or any other similar country and a person makes minimum wage or very little for an extended period of time, I'm sorry but it's their own lack of effort and initiative to make moves and advance.