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Thread: What type of people own high-high-end gear?

  1. #31
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    It isn't a zero-sum game. One person being fabulously wealthy is not preventing another person from becoming wealthy. It isn't a game of monopoly where there is only so much to go around. Also those multi-millionaires give staggering amounts of money to charity. Those you hear about are just the tip of the iceberg. Okay so they may be assuaging their own guilt, but the end result is the same. People are poor and starving due to idiocy and incompetence, not because some fat bastard is hoarding all the food and money in a warehouse somewhere.
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  2. #32
    Join Date: Sep 2012

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    Quote Originally Posted by Marco View Post
    The 1% of what population, Marc? I can't see any reference to the percentage you're quoting.



    Yes, but in the UK, how many of those types exist outside of London?

    Unfortunately, in terms of the UK, the 'big smoke', down south, falsely (and massively) skews these types of 'wealth stats', as in that respect London is very much a 'law unto its own', and getting more and more divorced from the rest of the UK every day.

    Take London out of the equation, and almost any meaningful stat you care to levy at the UK changes dramatically!

    Marco.
    I agree London is an extreme and represents the top-end of that '1%' idea (it's the 1% of the 1% if you will) but to be fair I've also driven around the nicer bits of Cheshire, Bristol and a few other areas of the UK where there are plenty of Aston Martins, Range Rovers, multi-million pound properties and fancy schools, so it's not exclusive to London, just magnified.

    And yes, significant proportions of the UK population are technically in the one percent (if you compare what someone on minimum wage has compared to a Somali farmer most folk are doing ok) but our culture still doesn't have a sensible way of describing or dealing with the disparity between DAVOS / The Cheshire set / North Eastern former manufacturing community and the horrors of 'developing' countries.

    For 99% of the global population, Hifi is utterly irrelevant - clean water and basic education would be a start. Because Hifi is a somewhat esoteric hobby even for those who can afford it, it means that margins have to be high because the size of the potential market is relatively small.

  3. #33
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    Quote Originally Posted by Macca View Post
    It isn't a zero-sum game. One person being fabulously wealthy is not preventing another person from becoming wealthy. It isn't a game of monopoly where there is only so much to go around. Also those multi-millionaires give staggering amounts of money to charity. Those you hear about are just the tip of the iceberg. Okay so they may be assuaging their own guilt, but the end result is the same. People are poor and starving due to idiocy and incompetence, not because some fat bastard is hoarding all the food and money in a warehouse somewhere.
    Sorry, couldn't disagree more!!! I'll explain why later.

    You should change your name to Macca The Closet Capitalist

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  4. #34
    Join Date: Aug 2009

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    Quote Originally Posted by Rothchild View Post
    IFor 99% of the global population, - clean water and basic education would be a start. .
    You could argue that would be a start for 99% of London...
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  5. #35
    Join Date: Sep 2012

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    Quote Originally Posted by Macca View Post
    You could argue that would be a start for 99% of London...
    Meh 'basic' probably describes it quite well ;-)

  6. #36
    Join Date: Oct 2014

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    Quote Originally Posted by Macca View Post
    You could argue that would be a start for 99% of London...
    Haha. Well played

  7. #37
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    Quote Originally Posted by Macca View Post
    You could argue that would be a start for 99% of London...
    You might struggle to find somebody in London who could respond to that in English.
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  8. #38
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    Not in same league. The water a huge proportion of world get, if they can get it, is a bigger health hazard than ours was way back in dirty london days before sanitation.
    Trouble is that people who exist in these areas really shouldnt. They are really uninhabitable by mosts standards. The people there need to realise this. BUT, we as a member of the human race should be doing more as a united group on humanitarian grounds and not individually for political purposes, or through greed.
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  9. #39
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    So where does one draw the line between 'You've got more money than most, but you've earned it/paid your taxes, so you get to keep it' and 'You've got way too much money; give some of it back'? How much is 'too much'?

  10. #40
    Join Date: Sep 2012

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    Quote Originally Posted by Joe View Post
    So where does one draw the line between 'You've got more money than most, but you've earned it/paid your taxes, so you get to keep it' and 'You've got way too much money; give some of it back'? How much is 'too much'?
    The line probably exists around the definition of 'Earned' for most people.

    I don't begrudge the guys who set up google their wealth, they earned it.

    Whereas someone who had their education bought for them (particularly if bought with un-earned wealth), moved in the right circles to access the right type of city job (where you move money around to generate more money, drive financialisation of services (rent taking) and asset strip companies - rather than efficiently allocate capital to generate innovation) those people are on the wrong side of the line, because they don't 'earn' IMO and they are not 'wealth creators' they are 'value destroyers'.

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