Originally Posted by 02SE
Originally Posted by ZZman
Originally Posted by Win
Originally Posted by ZZman
... Some people have no interest in being an owner or a boss. ...
Fair enough. Except that you seem unwilling to live with the choice.
Earlier you posted words to the effect that business owners don't work for their money.
You just don't know what you don't know. The ordinary guy next door lot - the type you deride, possibly envy, as "millionaires" - do.
Be very careful what you wish for - you may get it. Many people stand ready to give it to you right now, and when they do, history teaches it will be good and hard. And you won't be better off when they do. You think we have an Elite class now, just wait until some are more equal than others, to paraphrase Orwell.
Who said I am unwillingto live with that choice? I am fortunate compared to many below me financially speaking.
I don't believe I ever said owners don't work fir their money. I said investors don't. Thier money works not them. Owners work as do CEO's. But do they necessarily work harder than their workers? How much harder? 2, 3, 10 times harder ? How doesit relate to compensation.
Everyone that I know who invests, EARNED the money they have to invest. Investing is gambling, hopefully educated gambling, but still gambling. There are no guarantees.
Never having started your own business, you have NO IDEA what it's like to take that risk, and struggle to make your business a success. As an employee, when you clock out, you relax and don't worry about work. If you're an owner, you never stop stressing over how to keep the business a viable concern.
No employer could ever legally make me work as hard as I did when trying to make my business a success. I ate antacids like candy, got a duodenal ulcer, worked on little sleep, virtually no time off, but eventually that risk and hard work paid off.
The employees I had? If the business failed they'd get unemployment and go find another job. I would've had to declare bankruptcy.
I know you will never understand this, but there is no comparison in the risk, and stress involved for an employer and employee.
Yes I don't understand it as I never wanted to be my own boss. I am glad some do. Some are leaders and some are followers. I am not saying those that labor hard and take risks shouldn't be well compensated. How well compensated compared to workers is the issue.
And yes a persons initial investment can be obtained thru earned income. But returns weren't "earned". There was no work involved by the investor. The money made money.