Discussion in 'Markets & Economies' started by ozcopper, Oct 12, 2012.
Doesn't mean he's broke though - just taking advantage of the legal/tax system to not pay "debts/fines/court judgements"
Gotta love the States - not that we're any different.
hard to believe ... :|
What? That US suing system sends companies bankrupt, that he managed to structure his businesses to maintain his wealth while only paying less than a quarter of the judgement or that he did a dirty in the first place?
IMHO if S was to HTF just beforehand we would see alot of ppls in the know collapsing their respective companies and going into hunker mode. With the theory that a collapsing state will throw it's tenticles on anything healthy to suck the life out. At least this is one indicator I am looking at. Bob though has heaps of $$
Solicitor's firms (i.e. know how the system works) routinely go bankrupt as par-for-the-course.
There's no negative social stigma for them (they ARE lawyers )...it's just how they game the system for maximum benefit to themselves.
It's a tactic. He is no doubt filthy rich, he reportedly has a massive property portfolio. It's a corporate bankruptcy, not a personal one. Just like a lizard shedding the end of it's tail when it's grabbed.
Smart move. It's what nr bangs on about all the time, try not to hold the majority of assets that are cash positive in your name. It makes absolute sense. Especially the wealthier you are when you always become someone's target. Even the government will target you.
Whether it's a tactic or not this confirms the arrogant and obnoxious attitude this guy portrays. If he is so wealthy then pay your debts if he is wealthy in debt as he always claims is his method to achieve wealth, see you in debtors court.
I started to read his "rich dad,poor dad"book but was not that really fascinated about it...It was easy(er) to make that kind of money back in the good old days...
He was always a strong proponent of having nothing in your own name and using trusts. Be interesting to see how this pans out.
I supose that is the good thing about physical bullion it has no title deads or owners. Truely when it comes to gold and silver possession is ten-tenths of the law.
Funny how wealth is subscribed as being arrogant and obnoxious while being poor is viewed as unfortunate and unpretentious
Not at all. I have never heard an iterview from James Turk, Eric Sprott, Jim Rogers where they show the arrogance and blatant rudeness that Robert Kiyosaki shows in almost every interview. This has nothing to do with wealth but everything to do with personality something you cant buy.
Not really funny when wealth(assumed) is conspicuously displayed as arrogant and obnoxious... I wonder how that stereotype developed?
Becoming rich (as opposed to wealthy) only magnifies what a person already is like...it doesn't change them.
It develops because fiscal pygmies think that anyone who can accumulate wealth must be cheating because thay can't do it and resent being told that just maybe it can be done.
It is because of statements like this - case in point:
Note: I have admiration for people who do well, I have never dumped on real estate investment, and I am no longer perplexed that you and your bud assume everyone else has not accumulated wealth to level you purport, or is unable to.
I do, however, have the utmost lack of respect for those that continue to vocally spew self-admiration while drowning in a shit-pool of self-conceitment and proclaiming it is the envy of all others that is to blame.
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