Richest Woman in the World Lectures Poor People...

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#1
World's richest woman says poor should have less fun, work harder - latimes.com

"If you're jealous of those with more money, don't just sit there and complain," she said in a magazine piece. "Do something to make more money yourself -- spend less time drinking or smoking and socialising, and more time working."

Yeah, let them eat cake.

Rinehart made her money the old-fashioned way: She inherited it. Her family iron ore prospecting fortune of $30.1 billion makes her Australia's wealthiest person and the richest woman on the planet.

She's about the last person I'd listen to lecture me on being "poor." Not that I'm at all jealous of her wealth. She didn't earn anything, she was born into it and inherited a mining conglomerate right before a commodities and mining boom in Australia. That'd be like me inheriting 10% of Microsoft from before it was famous and then saying: 'look what a great return I made on MY investment. I picked a great winner.'

I'd listen to NEOCON before I'd listen to her, at least he did something to earn it, and I can't stand the guy's internet personality.
 
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#3
#3
What she said is true, no matter what her financial situation is.

No debate about that. What she fails to recognize is that there's only so much room at the top, and if she wants more money then others are going to suffer because of it (reducing minimum wage, cutting taxes).
 
#4
#4
What she said is true, no matter what her financial situation is.

Yea. It's easier for her to say due to the inheritance factor, but she's nonetheless just as correct as a self-made billionaire would be if they said the same thing.

Woman looks dreadful for a 58-year-old billionaire, though.
 
#6
#6
She's in a feud with her daughters as well. One of the daughters married a guy from Clarksville.
 
#7
#7
No debate about that. What she fails to recognize is that there's only so much room at the top, and if she wants more money then others are going to suffer because of it (reducing minimum wage, cutting taxes).

Ah, the old "if one gets more, another guy gets less" fallacy.
 
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#8
#8
No debate about that. What she fails to recognize is that there's only so much room at the top, and if she wants more money then others are going to suffer because of it (reducing minimum wage, cutting taxes).

That's not really true. Somebody with my standard of living 70 years ago would've been considered "at the top" but today I'm the norm. So yeah, there will always be an elite group at the top, but that group keeps getting bigger while things are getting a hell of a lot better for everyone else over time as well.
 
#12
#12
Exactly what I was thinking. The notion that wealth is fixed has been disproven repeatedly through the history of man yet it keeps being argued.

But it does follow a statistical distribution. The top 1% are still about three sigma off the mean, and by definition, there really is only so much room. This may be what was meant.
 
#13
#13
But it does follow a statistical distribution. The top 1% are still about three sigma off the mean, and by definition, there really is only so much room. This may be what was meant.

No debate about that. What she fails to recognize is that there's only so much room at the top, and if she wants more money then others are going to suffer because of it (reducing minimum wage, cutting taxes).

The last sentence is the indicator to me - for someone to have more, someone else has to have less.
 
#14
#14
If Oprah had said this everyone one would put it on coffee mugs and t-shirts.
 
#15
#15
World's richest woman says poor should have less fun, work harder - latimes.com



She's about the last person I'd listen to lecture me on being "poor." Not that I'm at all jealous of her wealth. She didn't earn anything, she was born into it and inherited a mining conglomerate right before a commodities and mining boom in Australia. That'd be like me inheriting 10% of Microsoft from before it was famous and then saying: 'look what a great return I made on MY investment. I picked a great winner.'

I'd listen to NEOCON before I'd listen to her, at least he did something to earn it, and I can't stand the guy's internet personality.

You probably saw this coming but I agree with her.

There are some people who are doomed to minimum wage due to no fault of their own but there are alot of people who need to stop *****ing and start working.

My internet personality rocks by the way. It rocks because I am the exact same way in real life.
 
#16
#16
You probably saw this coming but I agree with her.

There are some people who are doomed to minimum wage due to no fault of their own but there are alot of people who need to stop *****ing and start working.

My internet personality rocks by the way. It rocks because I am the exact same way in real life.

I don't necessarily disagree with her, but I certainly think it means more coming from somebody like you, who actually knows what it takes and had to work for it. JMO. Sounds like this lady just got lucky, and now thinks she can lecture everyone else on what it takes to get ahead.
 
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#18
#18
I don't necessarily disagree with her, but I certainly think it means more coming from somebody like you, who actually knows what it takes and had to work for it. JMO. Sounds like this lady just got lucky, and now thinks she can lecture everyone else on what it takes to get ahead.

well said.
 

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