Comments about ‘The 1 percent work harder, says billionaire’

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Published: Sunday, Feb. 9 2014 7:16 p.m. MST

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Liberal Ted
Salt Lake City, UT

I agree with the billionaire to a point. Yes, most of the 1% have worked long, hard hours even when compared to someone that works 50-60 hour weeks. Many of the people that became wealthy worked 80-100 hour weeks.

However, once you get past a certain dollar amount then making money becomes easier.

My complaint to those that whine about their poverty, are often the people who can't control their spending. They plead poverty, yet buy a vehicle they can't afford. They claim they're starving, but, have cable the internet and the sports package. They're on foodstamps, but, really have no desire to get off.

What we really should be gauging is the opportunities that are out there. Do we have more or less opportunity to make money than we have in the past?

The hard part, is how do you compete with a billionaire? If I start a business to compete, the billionaire can afford to lower his prices long enough to run me out of business or has enough influence todestroymy supplier.

Lookat the democrats andhow muchmoney they're spending to keep power and control on us peasants.Barack has spend billions just to inherit his job.

marxist
Salt Lake City, UT

I don't doubt that some of the 1% work very hard, but some of the hardest working people I have known have very few assets. In fact anyone who manages to stay employed over 20 to 30 years has worked very hard indeed.

Baron Scarpia
Logan, UT

My experience is that many very wealthy people are largely out of touch with the poor. They inherited their money or were offered elite educations to open doors to elite networks that most people in the 99% don't have access.

When you're poor, you don't learn how to handle money. I read a study about how the poor will often buy expensive single-portion sized groceries at 7-11 (e.g., single 16-oz bottles of soda) rather than larger sized packages at regular grocery stores or clubs (e.g., cartons of soda), simply because they haven't been educated about how buying larger portions can save them money. They also think short-term in individual meals and seeing single-portions of food as a way to keep track of how many meals they have ahead. Wealthier people tend to just buy large boxes of food, not really thinking how many servings or meals that box may provide.

Having volunteered occasionally at the local food pantry, it is interesting to note how people live and think -- using their cars as storage for "stuff," for example, not realizing how carrying excess junk in their cars eats away their gas money.

skeptic
Phoenix, AZ

The biggest percent of the one percent haven't worked at all, they inherited their money.

Chris B
Salt Lake City, UT

For some reason liberals think its ok for the poor to call the rich greedy but its not ok for the rich to call the poor lazy and irresponsible?

The rich do work harder. And SMARTER.

4601
Salt Lake City, UT

Skeptic,

Like the Kennedys, Rockefellers, John Kerry/Theresa Heinz, George Soros, and others on the left wing?

vern001
Castle Rock, CO

More whining from the Top 1%. Stop acting like victims, it's pathetic. Personally, the hardest working people I've ever met have been working class people working several jobs just to make ends meet. And they never have the luxury of going on vacation to some fabulous ski resort or tropical island.

It's unseemly to have so much and boast about how great you are.

terra nova
Park City, UT

The wealthy have a gift, no different than a talented mother, teacher, musician or athlete. But they don't focus on the gift. They focus on the work. It serves their purpose. It perpetuates the myth that work is all that matters. If they admitted it was a gift they would have to ask who gave them the gift... And realize they - like all of us - are beggars before God. And that wealth - like any talent should be shared.

The Real Maverick
Orem, UT

Is this article some sort of joke? Most in the 1% have inherited their wealth. I'd be rich too if my dad passed down billions to me.

aunt lucy
Looneyville, UT

The truth is the 1% work Not just harder but also much smarter.

RBB
Sandy, UT

I wonder where Baron Scarpia and Skeptic get their information. Multiple studies suggest that 81-86 percent of millionaires are self-made. Most millionaires I know were poor and started a small business which grew. Trust me, none were arriving at the office at 9 and leaving at 5 like most of their employees. Moveover, even someone like Bill Gates who inherited some money worked pretty hard to become worth over $50 billion. (He also made hundreds of his employees into multi-millionaires).

Unfortunately envy is a dangerous thing. You look at the "1%" and think they do not work. What many people do not realize it that there is turnover in the "1%". In 2008 I qualified as a 1%er. When the economy turned down I tried to keep my employees because they have mouths to feed. That took me from being a 1%er to losing $200,000 in 2010, while some employees were complaining that I was "the only one getting rich."

Not only does a small business owner usually work much longer hours than her employees, failure usually means loss of your home because it was used as collateral. Moreover, as a business owner you do not even qualify for unemployment.

nonceleb
Salt Lake City, UT

But they work 16 times harder? The average income of the top 1% is $717,000. The average individual income is $46,000. That average is skewed because it includes the rich. If you excluded the top 5% that average would be much lower. These figures are all from Forbes magazine. If you consider the top .1% they must work over 600 times harder. I was a school teacher for 33 years. Bill Gates has over 8,000 times my wealth. The hardworking rich deserve to be rich, but labor value is completely out of whack. The top 5% have 72% of the nation's wealth. And do not excuse all this with their charity. It is easy to be charitable when you are worth billions. It is more difficult for a widow to give her mite.

Northern
Logan, UT

Actually according to forbes of the 400 billionaires only 120 inherited there wealth. The Majority of Billionaries are self made. Only 11% of those who DID inherit money received more than 1 mill.

I hope you all realize that the opportunitys in life are available to everyone you just have to get off the couch and this board and stop being a victim and start working. Stop using the excuse that all the rich people inherited it.

The American dream of rags to riches is available to anyone, all men are created equal not all men are using what they have.

mecr
Bountiful, UT

I know of a young women who decided to change her lifestyle, sacrifice and work bery hard to get a college degree and work when she got pregnant. Today she is a respectable nurse who makes more than $40 an hour and is raising an amazing kid. Was it easy? not at all. For a few years she didn't know what sleeping 8 hours meant, let alone taking a nap. She went from food stamps to be financially independent. That's what separates the 42% from the rest. She didn't whin, neither expect to live in food stamps forever. She took control of her life and work hard.

MesquiteTeacher
USA, NV

I'd like to see them shut in a room with 36 five year olds for six hours a day and see how hard they think they work.

Bob01
Layton, Utah

The discussion about how many rich people inherited their money is missing the point.

The point is - believing that only the rich work hard is disgusting, arrogant, & extremely offensive. I know many super hard workers who are not wealthy. I know of many people who are gone now but who worked hard their entire lives & never became rich according to the world's standards.

The claim that if you're not rich, you're not working hard enough, is just a slap in the face of every hard working person, living or dead, who never became wealthy.

Does hard work have a lot to do with becoming successful? You bet. Are there other factors involved as well? You'd be a fool to think otherwise.

Testimony
Philadelphia, PA

It's a shame that so many people in this country worship wealth, and hold the wealthiest in awe as near demi-gods. Our society will fall apart without basic economic justice, as others have fallen apart before us. A growing segment of our people are falling further and further behind. People working two and three minimum-wage jobs to try to help their family survive.

I've met and broken bread with billionaires, as well as with the working poor. Both groups contain perfectly lovely people. The rich can afford to pay more taxes. And the working poor work very hard indeed with very little security. Our nation should do more to stimulate the economy, fund research, make healthcare more affordable, make the workplace safer for workers.

One of the fairest and most stimulative economic measures we could take wouldn't even cost the taxpayers a penny: Restore the minimum wage to where it would have been had Reagan not signed the bill decoupling it from inflation. Many of the industries which depend on minimum-wage workers would benefit from having more customers with more disposable income. This shouldn't make many billionaires cry.

tomr
Salt Lake City, ut

I have no doubt that most of them did work very hard, but we should also note that quite a few were unscrupulous and unethical as part of all that hard work - including pushing others (their own employees and competition) down to lift themselves up.

Kings Court
Alpine, UT

I know a lot of middle class, hard-working people who work 80+ hours a week. This notion that billionaires are better workers than everyone else is utterly ridiculous. Not everyone in the world can be billionaires or millionaires. The economy couldn't function properly if that was true. We need to be honest here. I'm getting tired of the 1% declaring war on poor and middle class people (the 99% percent) with this untruthful and snobbish rhetoric.

Mountanman
Hayden, ID

Productivity produces wealth; Always has, always will. Being unproductive makes people poor.
The harder and smarter people work, the more productive they become. The less people work, the more unproductive they become.

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