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 Re:Greed is BAD - Now we suffer!
By: mentawaisurf
26/03/2009
4:51 pm Yahoo! Profile:
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Allco's founder David Coe, who is largely to blame for the company's demise, recently sold his Sydney harbourside mansion for a reported $42m. He was last spotted skiing at Aspen.
When Commander Communications collapsed recently no entitlements were paid to employees yet the company's executives, who destroyed the company by loading it with debt, sold their shares and scooted off with bonuses before the inevitable collapse.
Storm Financial, backed by our largest and most reputable banks, loaned millions to low income earners, provided they mortgage their homes, so they could leverage these risky margin loans into our speculative share market. This just confirms how banks, anywhere in the world, are purely motivated by profit without regard for their customers (a modern definition of greed).
We'd better get used to such revelations. As the bear market unfolds over coming years this will prove to be only the beginning. |
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By: voyer1
26/03/2009
3:03 pm Yahoo! Profile:
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God is Love!
He made your Job, Money, Life. It is only a loan!
You come into the world with nothing & you leave with nothing!
Sorry |
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By: tigereye670
26/03/2009
1:15 pm Yahoo! Profile:
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new4mejem,
i was 23 when i finished uni & tried to find work, any work, often doing commission only sales. It wasnt until a lot of soul searching, & taking responsibility for my situation despite having what i thought was enough to expect a half decent job, that i realised that i was not sufficiently confident in myself & that i had to take the bull by the horns & be smarter & more focussed. After several low level jobs i finally made the breakthough in 1999 & have powered on ever since. In 2000 i bought my own house & spent the next 15 months renovating it after work. i now have another house with 4 years work on it. I deserve the rewards when i sell them because i earned them, not for any so called moral reasons, just logical practical ones. BTW, God did not put a roof over my head, my parents did, just like God is not respesible for the nasty things people do, neither is God responible for the good things people do. PS I believe in God, just not in a overlording one. There is no such thing as morilty, greed, hate, love, etc, etc. These r only adjectives describing "concepts" people have imagined. Hence God does not punish or rewrd people. these r human concepts, not universal ones used by peoplpe who with al due respect probably havent really thought outside the square & just accept what they are told. cheers frinds... oh yes, i very much appreciate now all teh hard earned lessons of life.. i treasure them all... |
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By: tigereye670
26/03/2009
1:03 pm Yahoo! Profile:
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akdoc1, It can be done respectfully by following the law. The law however needs to be adequate for the task. I treat people the same irrespective of their relationship to me, i do not favour one person over another unless they "earn" that right, eg, they work for me and i therefore pay them money. I do not feel teh need to give money to the poor to maintain their chosen non-working lifestyle. Those in genuine "temporary" need must be supported however & given opportunity to work again.
How do u technically define what is "rightfully" yours? Also, how do u define "exploiting". There r always exceptions to generalisations, but the exceptions should not be taken as the rule. As i see it, if you work for it, without hurting people or the envionment, and you succeed then you are not greedy. People introduce their own concept of "morality" and expect everyone else to agree & abide by their rules. The fact remains that i do not have to agree or abide by your rules of morility. I abide by logic and the civil & criminal laws and keep my own morals to myself. If u want a luxurious home, cars, etc, etc then that is your legal right... as long as the laws are adequate to protect the environment, etc. I also abide by the laws of nature, which is infinately more tried and tested than peoples "morality". "Morality" is often an excuse people use to abuse those they disagree with - the rich, poor, left, right, fat, thin, etc, etc. |
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By: queenofthewest@ymail.com
26/03/2009
11:38 am |
Message deleted. Reason: Breach of terms of service |
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By: mrowann
26/03/2009
10:34 am Yahoo! Profile:
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Before all of you started this conversation, it should
be establish a clear definition of greed.
When a drive to succeed ends and that bad habit called
greed beguns. To me it is a clear distinction between some-
one running his or hers own business and making good money
and someone siting on the board of an establish company
and getting pay an excessive salary not risking anything and contributing very little to the run of the business |
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By: vannersp
26/03/2009
8:32 am Yahoo! Profile:
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Actually it is more likely to be used by overworked, undervalued employees who see their bosses take home 5 or 10 times as much money while contributing little or nothing to the process.
The idea that because I start with a lot of money I should be given a lot more money is wrong. Having money often indicates nothing of where it came from, particularly "work ethics". Being "poor" (i.e. not having much disposable income) often indicates making bad choices in who to work for, not the willingness to work.
There are, of course, exceptions to these generalisations. I would suggest however, that this scenario fits many more cases than the alternative you offered.
Having money does not of itself indicate virtue. Often it hints of the opposite. In any real situation it pays to look at what is being done vs what is being paid.
My boss (who is on the board of directors) works a 40 hour week and takes home a decent wage, however he does not have the largest hourly rate in the company. That is ethical.
Some other CEOs and directors I could mention take home millions per year claiming "great responsibility" in their positions entitles them (not the hours worked), however of late they have proven irresponsible and short sighted but that has not stopped the gravy train. |
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By: andrewcmeier
26/03/2009
7:55 am Yahoo! Profile:
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It is through the hard work of your bosses that they have been able to pay you hundreds of thousands of dollars over the last 5-10 years. What have YOU done with that money?
Face it, without bosses having the incentive to run a business (money), the working class and lower class would not be enjoying the lavish lifestyles they have today. Maybe it's time to say thank you for those hundreds of thousands of dollars rather than waste it and blame others when that source of money runs out.
By the way, I'm not and have never been a boss myself, just a worker bee happy that I can earn a decent wage without having the risk and pressure running my own company would put on me. |
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By: new4mejem
25/03/2009
10:40 pm Yahoo! Profile:
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At what age were you when you became gainfully employed (full time) and also paid full rent or full mortgage for the 'roof over your head' and ALL the associated costs (services, rates, etc)?
You were truly blessed by God to have your parent's have you stay & live with them, after so many years as a student. Until you have your own place, with ALL RELEVANT BILLS paid BY YOURSELF (and maybe your spouse, esp.if you are RAISING A FAMILY), YOU REALLY CANNOT appreciate fully the extent of another's (even society's) generousity to yourself. |
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By: akdoc1
23/03/2009
2:35 pm Yahoo! Profile:
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tigereye670 quote:
"Greed is ok, but only if done respectfully?"
How can one be respectfull and greedy? Being greedy is taking more than is rightfully yours in other words you are exploilting other people which shows you have no respect for them. |
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By: tigereye670
23/03/2009
12:03 pm Yahoo! Profile:
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The real issue is short-term thinking or desires at the expense of the long-term consequences. Thinking long-term means you care about the consequences of your actions & r therefore less inclined to hurt others because it will eventually bite you.
And crucially you will not pander to your own short term desires to relax and squander your youth and meagre income on enjoying yourself. But will instead use discipline and focus on working/finding work and education that will set u up 4 life.
People need to understand that there are short and long-term consequences to all in/actions. Greed is ok, but only if done respectfully. And acting poor, innocent or victim like is not a saintly virtue, far from it. Rather, striving to be all that you can be not only helps yourself but also helps others in the long run.
As to who is guilty for our economic woes, everyone shares that responsibility to some degree. It does not belong to one group or another. Greed is not the cause or the saviour. Hard/smart work by everyone and long-term vision inspired by common cause and effect is the answer however. Cheers |
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By: tigereye670
23/03/2009
12:02 pm Yahoo! Profile:
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Greed- A selfish or excessive desire for more than is needed or deserved, especially of money, wealth, food, or other possessions.
Greed my friends is not the issue or problem, since it is an adjective that cannot be measured and therefore it is not real. What is excessive, at what EXACT point? There is no exact point and therefore these are nonsense terms usually used by some poor people or bleeding hearts to excuse their own laziness, stupidity or short-term thinking- to excuse themselves 4 spending their money on booze, drugs, gambling, etc, and for spending their days watching TV or entertainment rather than looking for gainful employment or educating themselves or saving what they can (and they can). I was unemployed during the last recession [in Oz] just as I left uni in 91. I struggled and persevered 4 yrs to find work any work. I lived with parents and saved whilst on unemployment. I saw the dead beats that didn’t care about looking for work or making themselves employable. They only have their parents to blame but also themselves as they get older and become responsible for their own actions, not the economy or anyone else. The poor get poorer because they don’t do what it takes to legally get richer, and rich do what it takes and can enjoy their efforts though it may be later in life that they finally do get to enjoy the rewards of their efforts. |
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By: steve_b_wilson
22/03/2009
8:35 pm Yahoo! Profile:
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I admit that there is certainly some amount of blame to be put at the doors of some of the common workers in this great land of ours..
But -
What about the bosses? How about the poor leadershiop which they have shown.
How about the damage that they have done to the honest, hardworking average guy and as a result his family?
Who is bringing these "fat cats" to task? Who is putting them in the spot light and asking...
Why did you bring us here without ensuring that the businesses you were managing did not have built in economic safeguards that would serve to protect the jobs of the employees should a disaster such as the one we are not facing occur?
They have brought us here as result of their own greed and by encouraging our own ...
Time is passing quickly and the remaining time you have to protect and secure your financial future before the factory shuts off the lights and closes its doors is running out! |
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