Mark Cuban: The most patriotic thing you can do is "get rich"
blogmaverick.com
Mark Cuban: The most patriotic thing you can do is "get rich"
1–10 of 90 posts
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#2demonizing the productive rich along with the hereditary wealth parasites is a fatal mistake for a civilization IMO.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#3Cuban is well known for speaking his mind, and he lived up to his reputation in this interview. Thats what we are all out here to do. And thats what this country is built on. Entrepreneurship. Creating something from nothing, and making the process better, more efficient, and productive each time.
Mark Cuban said that we need to make a boatload of money, but does not say how exactly to do that. At this point, you cant go by the Mark Cuban book. Dont try to duplicate what he did. Aside from the rare occassion of the German based ebay copycats whom later became reviered VCs, The European Founders (http://www.europeanfounders.com/index.html), you have to create your own path. What do you enjoy? Where is there a void in the market? Etc.
But, hopefully, you are not trying to "Get Rich Quick". Create your entrepreneurial venture off of passion and a genuine interest in what you are creating. Dont need it to blow up and produce millions over night, because you have to pay your electric bill. Thats not the way.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#4demonizing the productive rich along with the hereditary wealth parasites is a fatal mistake for a civilization IMO.
if they pay taxes and buy goods and services, why should it matter if the wealth is self-made or inherited?
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#5"Make a boatload of money. Pay your taxes. Lots of taxes. Hire people. Train people. Pay people. Spend money on rent, equipment, services. Pay more taxes."
Don't most wealthy people hire lawyers and lobbyists to help them not pay taxes? Don't they also move jobs overseas to reduce how much they pay to their own economy?
Cuban seems to be living in a dreamworld.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#6"Make a boatload of money. Pay your taxes. Lots of taxes. Hire people. Train people. Pay people. Spend money on rent, equipment, services. Pay more taxes." Don't most wealthy people hire lawyers and lobbyists to help them not pay taxes? Don't they also move jobs overseas to reduce how much they pay to their own economy? Cuban seems to be living in a dreamworld.
They pay much more in taxes despite the fact that they do this. By "pay more taxes" he means that the more money you make, the more taxes you have to pay. I'm sure that if you asked him, he'd say it's also your duty to pay as little tax as required.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#7and your 3rd [thought] should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you.
So just to clarify-- if you become successful, it was a combination of hard work and good fortune but if don't become successful, it was just poor fortune?
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#8demonizing the productive rich along with the hereditary wealth parasites is a fatal mistake for a civilization IMO.
if they pay taxes and buy goods and services, why should it matter if the wealth is self-made or inherited?
Most self-made rich people get there by (I'll bet you've heard this before...) making something people want. It's a rare buyer who buys something for $20 and values it at exactly $20 -- most buyers think it's worth a little more, or a lot more. That difference means that most purchases are not only beneficial to the maker/inventor (who is making money on the transaction), but also to the buyer (who believes their life will be better because of the transaction).
So, if you set everything else equal (purchase of goods and services, payment of taxes, etc.) the self-made rich are doing a lot more for others than the rich-by-inheritance.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#9Cuban is well known for speaking his mind, and he lived up to his reputation in this interview. Thats what we are all out here to do. And thats what this country is built on. Entrepreneurship. Creating something from nothing, and making the process better, more efficient, and productive each time. Mark Cuban said that we need to make a boatload of money, but does not say how exactly to do that. At this point, you can…
"And thats what this country is built on. Entrepreneurship. Creating something from nothing, and making the process better, more efficient, and productive each time."
I'm pretty sure that if this country was "built on" a concept, it was intellectual freedom. Entrepreneurship is perhaps a nice consequence of that legacy, but let's not confuse which end wags the dog.
Re: Mark Cuban: The most patriotic thing you can do is "get rich"
#10and your 3rd [thought] should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you. So just to clarify-- if you become successful, it was a combination of hard work and good fortune but if don't become successful, it was just poor fortune?
I think so.
Consciousness is a gift through fortune. Through consciousness, you eventually come to a realization that you should work hard and endeavor to become successful. The less fortunate never reach such a level of consciousness.