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On July 20 2018 03:51 ticklishmusic wrote:billions in annual earnings/ rev would put them in the very top echelon of law firms  but call it a couple billion over a few decades, that isn't shabby at all. john morgan must be balling. Law firms don't really make that much money in absolute terms. It's not really the business to get into if you want to be super rich.
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On July 20 2018 03:51 ticklishmusic wrote:billions in annual earnings/ rev would put them in the very top echelon of law firms  but call it a couple billion over a few decades, that isn't shabby at all. john morgan must be balling.
Balling enough to have gotten Medical Cannabis on the FL ballot multiple times + made the effort and mobilization across the state to have it legalized out-of-pocket, and is now pushing for recreational. Then he's posturing himself to run for politics in FL. Guy makes money off personal injury, and many many other practice areas, but when he says "For the People" you can see why. Since he's averaging billions in cases, this guy is doing something right "for the people".
I mean, look at his domain: https://www.forthepeople.com/ -
With decades of experience, more than 420 lawyers - Hehe
If the DNC is picking up the slogan, but can't use the domain, and John is positioning to enter politics, I wonder what will come of it.
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On July 20 2018 04:03 xDaunt wrote:Show nested quote +On July 20 2018 03:51 ticklishmusic wrote:billions in annual earnings/ rev would put them in the very top echelon of law firms  but call it a couple billion over a few decades, that isn't shabby at all. john morgan must be balling. Law firms don't really make that much money in absolute terms. It's not really the business to get into if you want to be super rich.
profits per partner at biglaw are a couple million, easy. there are certainly other ways to make that much or more money, but it's still more money than most of america will see in their lives. and coming out of law school clearing 180k or whatever cravath is putting on the market is not too shabby either. and it's pretty safe.
if you want to get REALLY rich, you're gonna have to start out with plenty of capital and/ or take some risks.
On July 20 2018 04:06 ShoCkeyy wrote:Show nested quote +On July 20 2018 03:51 ticklishmusic wrote:billions in annual earnings/ rev would put them in the very top echelon of law firms  but call it a couple billion over a few decades, that isn't shabby at all. john morgan must be balling. Balling enough to have gotten Medical Cannabis on the FL ballot multiple times + made the effort and mobilization across the state to have it legalized out-of-pocket, and is now pushing for recreational. Then he's posturing himself to run for politics in FL. Guy makes money off personal injury, and many many other practice areas, but when he says "For the People" you can see why. Since he's averaging billions in cases, this guy is doing something right "for the people". I mean, look at his domain: https://www.forthepeople.com/ - - Hehe If the DNC is picking up the slogan, but can't use the domain, and John is positioning to enter politics, I wonder what will come of it.
left and righty look a little like eric and don jr.
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A relatively small portion of law school grads end up working at firms that pay 180k a year, especially during the first couple post-grad years. The vast majority do public, government, or legal aid work that pays far, far less.
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On July 20 2018 04:21 ticklishmusic wrote:Show nested quote +On July 20 2018 04:03 xDaunt wrote:On July 20 2018 03:51 ticklishmusic wrote:billions in annual earnings/ rev would put them in the very top echelon of law firms  but call it a couple billion over a few decades, that isn't shabby at all. john morgan must be balling. Law firms don't really make that much money in absolute terms. It's not really the business to get into if you want to be super rich. profits per partner at biglaw are a couple million, easy. there are certainly other ways to make that much or more money, but it's still more money than most of america will see in their lives. and coming out of law school clearing 180k or whatever cravath is putting on the market is not too shabby either. and it's pretty safe. if you want to get REALLY rich, you're gonna have to start out with plenty of capital and/ or take some risks. If you're talking about the really big law firms, you're talking about a very small fraction of all attorneys. And deciding to go to law school is anything but a safe choice financially. A comparative handful of attorneys make six figures coming out of law school. Most are looking at far less, if they find a job at all.
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On July 20 2018 04:27 JimmiC wrote: Med school is the safe way to make lots of money.
This is true, I have a friend who is only a PA, and is making 99k in a public hospital straight out of school with 300k debt vs my lawyer friend who is in 200k in debt, and only gets paid 55k a year.
The difference is huge.
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I will say that if you are a hard worker, can write/present at least somewhat cogently, and have a tolerance for tedious document-oriented tasks, law school is a relatively reliable path towards making good money. Anecdotally, I've observed that most of the people who go to law school and then have trouble making a living fall short in one of those categories. It's not an "easy" path for anyone save the children of the already wealthy/connected.
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BigLaw bigboys start at 190k now. Just went up to that recently.
Def only a small percentage of total law students are getting those jobs. Like single digit percent.
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On July 20 2018 04:27 JimmiC wrote: Med school is the safe way to make lots of money.
med school is a lot harder to get into law school though, or rather the bottom bar is a lot higher. there's plenty of lower tier law schools out there who will take anyone with an undergrad transcript and a pulse. med school is a lot harder, and i know some pretty smart people who took several application cycles to land somewhere.
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Those barely alive idiots who find their way into low tier law schools are not in an enviable position though lol. Many carry huge amounts of debt that they will simply never be able to repay.
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Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job.
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On July 20 2018 05:03 GreenHorizons wrote: Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job. I forget who said it before, but having $1,000,000 in the stock market and then doing nothing makes more than an average American household per year.
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This just popped up into my news feed:
"Trump will invite Putin to the White House".
Are you really that dumb?! You literally just went through one of the worst backlashes you've had in your time at the office because of how you're licking up to Putin. You had to go back on your statement, and then right after you invite him to come visit? I'm flabbergasted.
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Hence the reason why the Democrats are in a losing position every election as they are too corporate friendly. Tap into the rage that the poor working class feels and give them benefits of Health, and Education and you are in a political golden age aka FDR territory. Populism is on the rise, not Corporate PR.
+ Show Spoiler +WICHITA, Kan. — Is the white working class an angry, backward monolith — some 90 million white Americans without college degrees, all standing around in factories and fields thumping their dirty hands with baseball bats? You might think so after two years of media fixation on this version of the aggrieved laborer: male, Caucasian, conservative, racist, sexist.
This account does white supremacy a great service in several ways: It ignores workers of color, along with humane, even progressive white workers. It allows college-educated white liberals to signal superior virtue while denying the sins of their own place and class. And it conceals well-informed, formally educated white conservatives — from middle-class suburbia to the highest ranks of influence — who voted for Donald Trump in legions.
The trouble begins with language: Elite pundits regularly misuse “working class” as shorthand for right-wing white guys wearing tool belts. My father, a white man and lifelong construction worker who labors alongside immigrants and people of color on job sites across the Midwest and South working for a Kansas-based general contractor owned by a woman, would never make such an error.
Most struggling whites I know live lives of quiet desperation mad at their white bosses, not resentment of their co-workers or neighbors of color. My dad’s previous three bosses were all white men he loathed for abuses of privilege and people.
It is unfair power that my father despises. The last rant I heard him on was not about race or immigration but about the recent royal wedding, the spectacle of which made him sick.
“What’s so special about the royals?” he told me over the phone from a cheap motel after work. “But they’ll get the best health care, the best education, the best food. Meanwhile I’m in Marion, Arkansas. All I want is some chickens and a garden and place to go fishing once in a while.”
What my father seeks is not a return to times that were worse for women and people of color but progress toward a society in which everyone can get by, including his white, college-educated son who graduated into the Great Recession and for 10 years sold his own plasma for gas money. After being laid off during that recession in 2008, my dad had to cash in his retirement to make ends meet while looking for another job. He has labored nearly every day of his life and has no savings beyond Social Security.
Yes, my father is angry at someone. But it is not his co-worker Gem, a Filipino immigrant with whom he has split a room to pocket some of the per diem from their employer, or Francisco, a Hispanic crew member with whom he recently built a Wendy’s north of Memphis. His anger, rather, is directed at bosses who exploit labor and governments that punish the working poor — two sides of a capitalist democracy that bleeds people like him dry.
“Corporations,” Dad said. “That’s it. That’s the point of the sword that’s killing us.”
Among white workers, this negative energy has been manipulated to great political effect by a conservative trifecta in media, private interest and celebrity that we might call Fox, Koch and Trump.
As my dad told me, “There’s jackasses on every level of the food chain — but those jackasses are the ones that play all these other jackasses.”
Still, millions of white working-class people have refused to be played. They have resisted the traps of racism, sexism, homophobia, xenophobia and nationalism and voted the other way — or, in too many cases, not voted at all. I am far less interested in calls for empathy toward struggling white Americans who spout or abide hatred than I am in tapping into the political power of those who don’t.
Like many Midwestern workers I know, my dad has more in common ideologically with the Bronx’s Democratic Socialist congressional candidate Alexandria Ocasio-Cortez than with the white Republicans who run our state. Having spent most of his life doing dangerous, underpaid work without health insurance, he supports the ideas of single-payer health care and a universal basic income.
Much has been made of the white working class’s political shift to the right. But Mr. Trump won among white college graduates, too. According to those same exit polls trotted out to blame the “uneducated,” 49 percent of whites with degrees picked Mr. Trump, while 45 percent picked Hillary Clinton (among them, support for Mr. Trump was stronger among men). Such Americans hardly “vote against their own best interest.” Media coverage suggests that economically distressed whiteness elected Mr. Trump, when in fact it was just plain whiteness.
Stories dispelling the persistent notion that bigotry is the sole province of “uneducated” people in derided “flyover” states are right before our eyes: A white man caught on camera assaulting a black man at a white-supremacist rally last August in Charlottesville, Va., was recently identified as a California engineer. This year, a white male lawyer berated restaurant workers for speaking Spanish in New York City. A white, female, Stanford-educated chemical engineer called the Oakland, Calif., police on a family for, it would appear, barbecuing while black.
Among the 30 states tidily declared “red” after the 2016 election, in two-thirds of them Mrs. Clinton received 35 to 48 percent of the vote. My white working-class family was part of that large minority, rendered invisible by the Electoral College and graphics that paint each state red or blue.
Source
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On July 20 2018 05:11 Howie_Dewitt wrote:Show nested quote +On July 20 2018 05:03 GreenHorizons wrote: Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job. I forget who said it before, but having $1,000,000 in the stock market and then doing nothing makes more than an average American household per year. There could be some truth here, sure. If we use somewhere in the range of 8-10% yield than that gets you 80-100K a year, which I'm sure is more than the average household
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On July 20 2018 05:44 Aveng3r wrote:Show nested quote +On July 20 2018 05:11 Howie_Dewitt wrote:On July 20 2018 05:03 GreenHorizons wrote: Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job. I forget who said it before, but having $1,000,000 in the stock market and then doing nothing makes more than an average American household per year. There could be some truth here, sure. If we use somewhere in the range of 8-10% yield than that gets you 80-100K a year, which I'm sure is more than the average household
Avg household is closer to ~$55k, and keep in mind households often contain multiple income earners.
It's more ~$18k-30k for individuals. So $1m invested is better on average than working. More so if it starts compounding at birth.
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On July 20 2018 05:52 GreenHorizons wrote:Show nested quote +On July 20 2018 05:44 Aveng3r wrote:On July 20 2018 05:11 Howie_Dewitt wrote:On July 20 2018 05:03 GreenHorizons wrote: Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job. I forget who said it before, but having $1,000,000 in the stock market and then doing nothing makes more than an average American household per year. There could be some truth here, sure. If we use somewhere in the range of 8-10% yield than that gets you 80-100K a year, which I'm sure is more than the average household Avg household is closer to ~$55k, and keep in mind households often contain multiple income earners. It's more ~$18k-30k for individuals. So $1m invested is better on average than working. More so if it starts compounding at birth. Yep, agree. Especially the compounding at birth bit - nothing can make you rich like a well managed nest egg and lots of time
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United States41989 Posts
On July 20 2018 05:52 GreenHorizons wrote:Show nested quote +On July 20 2018 05:44 Aveng3r wrote:On July 20 2018 05:11 Howie_Dewitt wrote:On July 20 2018 05:03 GreenHorizons wrote: Safest way to make a lot of money is to be born rich. Nothing else gives you better odds. Certainly not a job. I forget who said it before, but having $1,000,000 in the stock market and then doing nothing makes more than an average American household per year. There could be some truth here, sure. If we use somewhere in the range of 8-10% yield than that gets you 80-100K a year, which I'm sure is more than the average household Avg household is closer to ~$55k, and keep in mind households often contain multiple income earners. It's more ~$18k-30k for individuals. So $1m invested is better on average than working. More so if it starts compounding at birth. Better tax treatment too.
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On July 20 2018 05:31 {CC}StealthBlue wrote:Hence the reason why the Democrats are in a losing position every election as they are too corporate friendly. Tap into the rage that the poor working class feels and give them benefits of Health, and Education and you are in a political golden age aka FDR territory. Populism is on the rise, not Corporate PR. + Show Spoiler +WICHITA, Kan. — Is the white working class an angry, backward monolith — some 90 million white Americans without college degrees, all standing around in factories and fields thumping their dirty hands with baseball bats? You might think so after two years of media fixation on this version of the aggrieved laborer: male, Caucasian, conservative, racist, sexist.
This account does white supremacy a great service in several ways: It ignores workers of color, along with humane, even progressive white workers. It allows college-educated white liberals to signal superior virtue while denying the sins of their own place and class. And it conceals well-informed, formally educated white conservatives — from middle-class suburbia to the highest ranks of influence — who voted for Donald Trump in legions.
The trouble begins with language: Elite pundits regularly misuse “working class” as shorthand for right-wing white guys wearing tool belts. My father, a white man and lifelong construction worker who labors alongside immigrants and people of color on job sites across the Midwest and South working for a Kansas-based general contractor owned by a woman, would never make such an error.
Most struggling whites I know live lives of quiet desperation mad at their white bosses, not resentment of their co-workers or neighbors of color. My dad’s previous three bosses were all white men he loathed for abuses of privilege and people.
It is unfair power that my father despises. The last rant I heard him on was not about race or immigration but about the recent royal wedding, the spectacle of which made him sick.
“What’s so special about the royals?” he told me over the phone from a cheap motel after work. “But they’ll get the best health care, the best education, the best food. Meanwhile I’m in Marion, Arkansas. All I want is some chickens and a garden and place to go fishing once in a while.”
What my father seeks is not a return to times that were worse for women and people of color but progress toward a society in which everyone can get by, including his white, college-educated son who graduated into the Great Recession and for 10 years sold his own plasma for gas money. After being laid off during that recession in 2008, my dad had to cash in his retirement to make ends meet while looking for another job. He has labored nearly every day of his life and has no savings beyond Social Security.
Yes, my father is angry at someone. But it is not his co-worker Gem, a Filipino immigrant with whom he has split a room to pocket some of the per diem from their employer, or Francisco, a Hispanic crew member with whom he recently built a Wendy’s north of Memphis. His anger, rather, is directed at bosses who exploit labor and governments that punish the working poor — two sides of a capitalist democracy that bleeds people like him dry.
“Corporations,” Dad said. “That’s it. That’s the point of the sword that’s killing us.”
Among white workers, this negative energy has been manipulated to great political effect by a conservative trifecta in media, private interest and celebrity that we might call Fox, Koch and Trump.
As my dad told me, “There’s jackasses on every level of the food chain — but those jackasses are the ones that play all these other jackasses.”
Still, millions of white working-class people have refused to be played. They have resisted the traps of racism, sexism, homophobia, xenophobia and nationalism and voted the other way — or, in too many cases, not voted at all. I am far less interested in calls for empathy toward struggling white Americans who spout or abide hatred than I am in tapping into the political power of those who don’t.
Like many Midwestern workers I know, my dad has more in common ideologically with the Bronx’s Democratic Socialist congressional candidate Alexandria Ocasio-Cortez than with the white Republicans who run our state. Having spent most of his life doing dangerous, underpaid work without health insurance, he supports the ideas of single-payer health care and a universal basic income.
Much has been made of the white working class’s political shift to the right. But Mr. Trump won among white college graduates, too. According to those same exit polls trotted out to blame the “uneducated,” 49 percent of whites with degrees picked Mr. Trump, while 45 percent picked Hillary Clinton (among them, support for Mr. Trump was stronger among men). Such Americans hardly “vote against their own best interest.” Media coverage suggests that economically distressed whiteness elected Mr. Trump, when in fact it was just plain whiteness.
Stories dispelling the persistent notion that bigotry is the sole province of “uneducated” people in derided “flyover” states are right before our eyes: A white man caught on camera assaulting a black man at a white-supremacist rally last August in Charlottesville, Va., was recently identified as a California engineer. This year, a white male lawyer berated restaurant workers for speaking Spanish in New York City. A white, female, Stanford-educated chemical engineer called the Oakland, Calif., police on a family for, it would appear, barbecuing while black.
Among the 30 states tidily declared “red” after the 2016 election, in two-thirds of them Mrs. Clinton received 35 to 48 percent of the vote. My white working-class family was part of that large minority, rendered invisible by the Electoral College and graphics that paint each state red or blue. Source Democrats certainly aren't helping themselves by going so far off message with this Russia hysteria. It's sucking the oxygen out of pretty much anything else that they could use rally the support of voters.
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