Deleted
Joined: May 8, 2024 16:23:46 GMT -5
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Post by Deleted on May 10, 2019 6:25:21 GMT -5
Pledge nothing. I would of needed usable liquid assets. With contract of course. That's why this line was in my post you're answering. (#56) "When a applicant comes in and offers to put 90% of their assets into the company, guaranteeing they won't move on."Nothing to offer ? Your take from the company is a paycheck/benefit package equal to your ability to do the job. I am sure my point was not lost on you. you are a bright enough guy.
you can't pledge what you don't own.
if you happen to be in the 20%, you will probably never own a business.
why? because you have nothing to pledge.
that was a very interesting paper I posted. it showed that in the last 20 years, the top 40% has gained 10% in wealth, and the bottom 60% has lost wealth. this is no surprise to anyone, but the overall loss in wealth in the US is bourne ENTIRELY by the bottom 60%. the top 40% are doing just fine, and can go on message boards and tell everyone how easy it is to start a business.
for them.
I don't know your personal opinion/experience with business, but it wasn't easy for me. Especially the getting started years. People really take exception to others moving into the same market.
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Deleted
Joined: May 8, 2024 16:23:46 GMT -5
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Post by Deleted on May 10, 2019 6:33:44 GMT -5
I'm pretty the CEO of PG&E or any other big corporation didn't risk 90% of their assets, so why do they make 1000s of times more than the average worker? I'm sure some are really smart and deserve the high pay, but it seems like a lot of big CEOs just know the right people and have the right Ivy League degree paid for by daddy, and that's what gets them the job. The class warfare argument only works on those that are/were not in business for themselves. That would be the bulk of the population and plays well for political parties operating on a nanny government/handout platform. I'm not talking about small business. CEO's have a board of directors over them, dictating policy directive. What you're describing is the buzzword stereotyping of a statistically irrelevant few.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on May 10, 2019 10:00:57 GMT -5
I am sure my point was not lost on you. you are a bright enough guy.
you can't pledge what you don't own.
if you happen to be in the 20%, you will probably never own a business.
why? because you have nothing to pledge.
that was a very interesting paper I posted. it showed that in the last 20 years, the top 40% has gained 10% in wealth, and the bottom 60% has lost wealth. this is no surprise to anyone, but the overall loss in wealth in the US is bourne ENTIRELY by the bottom 60%. the top 40% are doing just fine, and can go on message boards and tell everyone how easy it is to start a business.
for them.
I don't know your personal opinion/experience with business, but it wasn't easy for me. Especially the getting started years. People really take exception to others moving into the same market. that wasn't my problem. I sell in a niche market. my problem was getting a bank to lend me money.
a 26 year old with no business experience, buying a business that was basically a one man shop before I bought it?
I got turned down a LOT.
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