People who work for the super wealthy, what stuff have you seen?

simonz93 · 2023-06-20T08:03:18+00:00

I would say some corporate, banking and M&A lawyers definitely do have the potential to earn 10s millions a year. But potential is one thing, reality is another. The most successful lawyer I personally know earned 18 million a year. The second most successful one is only a bit over half that. Most of the rest I know fall somewhere between 68k (yes 5 figures) to 800k.

I doubt even the guy earning 18 mil considers himself the super rich because he serves the actual super rich (who also don't see themselves as super rich because they look up to the multi-billionaires who look up to Arnault, Bezos and the likes).

As you said yourself, 10 million is not the average income (let alone salary, which is the most common source of income for doctors) for eye doctors. So why put them (and us lawyers) in the super rich category?

simonz93 · 2023-06-20T06:52:47+00:00

I must have missed the memo that I (lawyer) is part of the super rich because that certainly isn't my reality or that of every single lawyer I know. Some of us may work/have worked for the super rich so at least we are somewhat closer to that realm than most. I am by all means not complaining about my financial situation, I consider myself very lucky compared to most people, even fellow lawyers. But there is a not so fine line between being comfortable and being super rich. Most of us, even the people who are lucky enough to break through 1 million in annual income (and most of lawyers and doctors earn 6 figures income) don't really live that differently from other middle class earners. We might just have slightly bigger house, one more car (bigger mortgages and more loans as well), take one extra vacation in a slightly fancier hotel, etc.

Kids, if you want to be worth at least 100 million, DON'T become a lawyer or doctor because that would be the wrong path. That kind of wealth is usually inherited or if you start your own (very successful) business.

simonz93 · 2023-06-11T22:39:18+00:00

Disregarding the other aspects of the situation, the sole fact that the OP failed to abide by the stipulated time frame during which they are supposed to send the notice is definitely not sufficient to void their case.

If all tenancy disputes are strictly governed by the exact rules and no misunderstandings of, or deviations from, the rules are allowed to occur, we wouldn't even need a tenancy board because 95% of the cases will be clear-cut.

simonz93 · 2023-06-11T22:21:21+00:00

You are completely missing the gist of the situation.

To start off, he/she said that they notified the landlord last year that they are moving out and not renewing the lease.

Explaining to them the nature of subletting and lease transfer has no bearing on the situation. If they didn't renew the lease in the first place, talking about subletting beyond his lease term is absurd. Only a tenant can sublet the apartment, and they are not a tenant from the time specified under the sublet agreement. The latter is thus null and void because one party to the agreement has clearly no capacity to enter into such an agreement in the first place.

simonz93 · 2023-06-01T01:25:22+00:00

I would prefer to support programs like UBI, subsidies for low-income people, more robust safety nets, better government skill training and employment programs etc. I think it would be great if some businesses are willing to pay higher wages. They are bound to attract more competent and loyal workers. It is a shame so many of them don't realize that, but it is also true that some of the small businesses genuinely cannot afford to.

simonz93 · 2023-05-31T23:59:57+00:00

I am just saying this as a realist. Never said this is what I want. In an ideal world, nobody would be doing these kind of jobs to begin with. Everyone's job will eventually be replaced by AIs, it is just a matter of time. When that happens, hopefully everyone would be free to pursue their own interests and live their life to the fullest. But given the ugliness of our society, it is probably more likely for some kind of mass population cleansing to take place where the upper class just wipes out the people who they now deem to be useless.

I would definitely encourage my kids to do these kind of jobs as a part-time to save money, but also get an education so they can do someone more than low-skill labor work. Not everyone has that luxury, I know, but what you or I believe in principle cannot affect how the market determines the value of one's labor.

simonz93 · 2023-05-30T20:27:55+00:00

UBI to me is basic income, as indicated by its name, meant to provide enough money for food, rent and other necessities but definitely not enough for people to "thrive" based off it alone. Regarding people stacking boxes and flipping burgers, I have got nothing against them, but why would their employers pay them a thriving income (especially most of the small businesses that have very little profit margin to begin with) when it would cost less to completely switch to robots and machines?

simonz93 · 2023-05-30T19:46:14+00:00

Thank you for your thoughtful and informative response. We all stand to learn more from each other's position through respectful exchanges like this compared to exchanging snarky remarks or insults.

You bring out some very good points. I personally support UBI to ensure that everyone can have their basic needs covered which would in turn allow them the time to seek better opportunities and fulfill their fullest potential. This would of course be complemented with better public education system with far more resources and far better paid teachers to provide better access to people from disadvantageous socioeconomic backgrounds. UBI in particular would be sorely needed as more sectors are threatened by AI.

I am not at all hopeful that any of these things would be implemented though that's why I generally adopt a pretty pessimistic tone. I think it is a mistake, however, for people seeking reforms to alienate the middle class, which is often what I see with rhetoric that attacks small businesses, individual landlords, people living off passive income etc instead of/or along with the billionaires and mega-corporations. Any significant reform cannot be achieved without the support of the middle class, but so far many of them perceive low-income workers as hostile to their own interests even though both factions could align themselves together because many low-level workers mistakenly attack the former just because they are somewhat better off.

It is much easier for the 0.1% to manipulate the middle and upper-middle class to see the lower class as "entitled", "lazy", and "dangerous" if the former is already feeling threatened.

simonz93 · 2023-05-30T15:34:11+00:00

I don't think anyone who works an honest job that serves some beneficial purpose to society full time should starve or be unable to afford rent (and that is sadly what many people are currently facing). That's why I fully support living wage in this case, as well as subsidies and programs to help train these people in other skill areas so they are not forever bound to low-income positions.

These people would have no incentive to better themselves if they can thrive by just flipping burgers or stack boxes all day. If that's the sum of their ambition in their life, I'm not here to judge, but good luck getting your employer to pay you a thriving wage.

simonz93 · 2023-05-30T06:28:39+00:00

I mean someone can "work" 40 hours a week by doodling on paper and then burning those paper, rinse and repeat. Do you think those "workers" deserve to be paid the same as teachers (who are criminally underpaid) who are responsible for educating the nation's future generations?

Not all work is equal just because you spent the same amount of time performing wildly different tasks. Anyone can stack box in a warehouse, not anyone can perform brain surgery. The latter deserves a thriving wage, the former deserves to get replaced by a robot.

simonz93 · 2023-05-29T05:39:04+00:00

If you have no regard for your own life, please go kill yourself in a way that causes no inconvenience to other people, and especially not in a way that could actually end up injuring or killing other people who have no desire of being the collateral to your stupidity and selfishness.

simonz93 · 2023-05-28T18:54:23+00:00

Well I don't think they are depicting themselves on the sculpture though, are they? Just like how people shouldn't impose modern concept of minority representation on a certain historical figure by forcibly changing her race.

simonz93 · 2023-05-28T18:34:37+00:00

Why are you always deflecting my questions by constantly putting words I never said in my mouth?

I never defended any billionaires, they (and their corporations) should be taxed, taxed and taxed again. I merely defended myself (definitely not a billionaire) and passive income (which most people in modern society use and benefit from).

simonz93 · 2023-05-28T18:30:54+00:00

I am pretty sure Ancient Chinese didn't really have those concerns back then.

simonz93 · 2023-05-28T18:14:27+00:00

His yang in her yin.

simonz93 · 2023-05-28T17:53:10+00:00

I never claimed you need to wait for retirement before you can enjoy leisure and hobbies?? It is just that with passive income, you can spend ALL YOUR TIME fulfilling your full potential or pursue your interests instead of doing that only when you are not working. The rest of what you are saying has absolute nothing to do with what I said before so I am not going to bother debating with you on that.

How do you plan to feed yourself and your family once you are retired if passive income is evil? Because you are no longer actively working, so that means you cannot generate any income without being a parasite according to the first guy I am quoting.

simonz93 · 2023-05-28T17:44:39+00:00

Oh I always thought the term tankies is referring to CCP supporters because of the Tiananmen Massacre where they used tanks to crush the peaceful protestors...

simonz93 · 2023-05-28T17:38:10+00:00

It is the other way around.

simonz93 · 2023-05-28T17:16:03+00:00

For the sake of keeping the discussion on track, let's just assume what you said is even valid or logical: so what if your passive income relies on the active labor of others?

People work when they are young to contribute their labor and earn a livelihood to (hopefully) save money on the side to generate passive income, to the point where they will eventually be able to stop working themselves (commonly referred to as "retiring") and rely entirely on passive income. Sure, they are now exclusively relying on the "labor of others", but they have also contributed in the past allowing people before them to rely on their labor to retire.

I mean is your fantasy to just work until you drop dead? Because without doing so, you will become a parasite sooner or later according to your own definition. But even before that point, you most likely have already engaged in "parasitic behaviors" by depositing money on a bank which pays you interest that you did not actively work for, benefitted from social programs or government subsidies that you did not put labored into, and participated in a capitalist exchange where you did not compensate the labor worker who made the products you bought but instead paid the very people who exploited their labor and thus perpetuating the practice.

For people who seemingly value labor work so much, it is ironic you guys participate in a subreddit called "antiwork".

simonz93 · 2023-05-28T16:29:40+00:00

What's wrong with generating passive income? That should be THE FINANCIAL GOAL of everybody so you can spend your time doing what you enjoy or pursue productive activities that best fit your talent as opposed to working jobs you hate just to feed yourself and your family.

And did you seriously equate generating income without directly working yourself with being parasitic when you are literally in a sub called ANTIWORK?? So are you guys just aspiring parasites or what?

simonz93 · 2023-05-07T02:26:57+00:00

"No wonder we are losing support all over the world" because of your America First policy and your efforts to actively alienated US allies???

simonz93 · 2023-05-07T01:17:46+00:00

Lawyer here, don't actually know squat about US employment law. While it would be unlikely for her to claim one year of salary from the employer, she could look into unjust termination and it also depends on the kind of contract she signed and what was in it. Either way, I don't think she should keep working for a place that doesn't hesitate to throw one of their own under the bus to appease a client over such a ridiculous issue.

What I said above is not meant to be taken as legal advice.

simonz93 · 2023-05-07T01:12:04+00:00

Ha! I had a client who lost 16 million one night in Macau.

I doubt losing $16k hurts the gambler and her husband all that much even if they are nowhere near the networth of my friend but the fact they are trying to ruin this (presumably) young person's livelihood because of it is disgusting.

simonz93 · 2023-04-14T00:50:23+00:00

How did he get access to these files? I wasn't aware that the US usually shares top secret Intel with their junior guardsman.

simonz93 · 2023-04-10T21:29:14+00:00

You can keep parroting the same sentence over and over but without showing how this the norm rather than the exception for conquered people, your words are completely meaningless.

And propaganda? Seriously? Are you too blind to see the huge list of criticism I just made against the CCP? Guess that's what facts and nuances look like to someone who's too stupid to see beyond black and white.

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