Click for Westport Click for Furuno Click for Perko Click for Westport Click for Abeking

The Haves and The Have-Yachts...

Discussion in 'General Yachting Discussion' started by YachtForums, Jul 19, 2022.

You need to be registered and signed in to view this content.
Thread Status:
Not open for further replies.
  1. YachtForums

    YachtForums Administrator

    Joined:
    Dec 22, 2002
    Messages:
    20,375
    Location:
    South Florida
  2. Fishtigua

    Fishtigua Senior Member

    Joined:
    Jul 20, 2007
    Messages:
    2,936
    Location:
    Guernsey/Antigua
    A rather naive and insular look at superyachts. Sorry but most journalists do lazy research, just enough to get away with it to spin a story.
    Capt Ralph and YachtForums like this.
  3. RER

    RER Senior Member

    Joined:
    Jan 20, 2009
    Messages:
    1,540
    Location:
    Newport Beach CA
    This is the inevitable next step after the oligarch super yacht outrage. When that whole thing started the first thing I thought of was this is going to trickle down and bring the mob to a boil against all “yachts” - the mob loves to over react.

    Wealthy people are easy to hate. Even the liberal elite aren’t safe from the mob. They’re happy to eat their own.

    There’s a gigantic cultural shift going on in the world. There are polls in the USA showing over 50% of young people with negative views of capitalism and polling over 50% with positive views of socialism.

    But the mob’s outrage is about more than wealth. Private boat ownership is a selfish climate destroying extravagance after all.

    And the green energy zealots are just getting started. You’ve probably heard about the SUV tire deflators/tire slashers hitting large blocks of parked vehicles. Activists leave a flyer on the windshield saying get rid of the SUV if you want it to stop. It may be just a matter of time before they decide to teach a lesson to boat owners.

    Seems like there’s a dumpster fire everywhere you look. I make every effort to avoid the news media. In all forms. It has become such a destructive force. It’s really just an extension of social media at this point.

    I can’t imagine what kind of a future is going to come out of the mess this world is in right now. But I am fortunate to be insulated from things for the most part. In reality, I doubt that I’ll be alive in 25 years anyway, and that doesn’t bother me at all.

    Get ready for more articles like this from the so called main stream media. Journalism’s a distant memory. They don’t care about accuracy. They only care about the cause. Whichever one that may be.
    Last edited: Jul 19, 2022
    AHesenius, JadePanama, T.T. and 10 others like this.
  4. Pascal

    Pascal Senior Member

    Joined:
    Feb 29, 2008
    Messages:
    8,149
    Location:
    Miami, FL
    I can’t believe anyone would waste all that time reading that ridiculous article. I skimmed thru the first half and gave up. And people pay $29.99 for a subscription to this rag? Oh no. Wait… it s on sale for $12. I can see why.
  5. Kevin

    Kevin YF Moderator

    Joined:
    Nov 25, 2004
    Messages:
    3,049
    Location:
    Montreal, Qc, Canada
    It's not any different than the "private jet oUtRaGe" in 2009 when the automakers took bailouts while flying to and from DC in their Challengers, Globals, or Gulfstreams.
  6. AMG

    AMG YF Moderator

    Joined:
    Jul 26, 2004
    Messages:
    5,375
    Location:
    Sweden
    Caveman journalism...
    T.T. likes this.
  7. mapism

    mapism Senior Member

    Joined:
    Aug 9, 2008
    Messages:
    2,115
    Location:
    Sardinia
    I wasn't aware of such polls, but I'm not surprised in the least by the results, for two very simple reasons:

    First, on paper socialism is a much more efficient (hence better) system than capitalism, if we are honest.
    The one and only reason why the latter historically prevailed is that it rewards smart and unscrupulous people - something socialism ain't good at.
    So, these persons prefer the system which allow them to get richer, and the world is obviously ruled by smart and unscrupulous people.
    Who are the real responsible for the mess we are all now complaining about, no matter how we all like to blame politicians, who aren't actually much more than puppets, whatever their Party.

    Second, also the main socialism supporters (who are the only politicians who really matter) made a big mess of it so far, and were actually unable to turn into reality what socialism should really be about.
    Putin is clearly the first example that pops to mind, but there are others.
    I see no reason why this couldn't change though, in an historical perspective.

    Al that said, I think that what those polls show is rather understandable, and even to be expected, sort of.
    What this will lead to, only time will tell, of course...
  8. motoryachtlover

    motoryachtlover Senior Member

    Joined:
    Jan 29, 2007
    Messages:
    651
    Location:
    smithfield, VA
    Mapism not at all trying to be contentious and I hope you dont construe it that way, but here goes. My main objection to your post is the assertion that capitalism rewards smart and unscrupulous people. Capitalism rewards the productive. Surely you don’t think that the wealthy have a monopoly on unscrupulous behavior? Capitalism has prevailed because at its core it is about the freedom of the individual. Freedom of the individual thus capitalism is under assault right now. How can we save the planet if we can’t control the individual? Capitalism is far from perfect and needs a referee but I contend that the capitalistic system has done more good for mankind than any other system we have come up with so far.
    JadePanama, Rerm, CaboFly and 5 others like this.
  9. saltysenior

    saltysenior Senior Member

    Joined:
    Aug 22, 2009
    Messages:
    289
    Location:
    stuart,fl.
    The polls show the effect of our educational system...from Primary right thru College .
  10. mapism

    mapism Senior Member

    Joined:
    Aug 9, 2008
    Messages:
    2,115
    Location:
    Sardinia
    VERY far from trying to be contentious either, but...
    Elon Musk, Jeff Bezos, Warren Buffet, to name but a few in the top ranking of ultra HNWI, and I'm sure you can think of many others.
    Is it "productive" the first adjective you would think of, to describe these guys?
    I'm not saying they aren't, mind. Actually, I could also argue about that to some extent, depending on how we qualify productivity, but let's forget that.
    The key point is, do you really think "productive" is the best way to describe these chaps? Seriously?
  11. motoryachtlover

    motoryachtlover Senior Member

    Joined:
    Jan 29, 2007
    Messages:
    651
    Location:
    smithfield, VA
    You express incredulity at the notion that these guys are productive. Like them or not I think all you named work or worked their asses off. I would venture that 90% of the population would not last 3 months working the hours these guys work and dealing with the pressure. It is one’s choice to allocate their time/resources to work, leisure, etc. some people choose their work others maybe their hobbies, travel, whatever. Why are people so bothered that some devote their energy to their work and become wealthy. I don’t begrudge those that decide to work 40 hours a week and chose a modest lifestyle. But live with that choice and don’t get to 60 and decide you don’t have what you want, no longer feel like working and want the rest of us to provide you with what you want. It may not be the best way to describe these chaps but it is certainly one way. What do you think is the best adjective to describe these guys?
  12. MM3

    MM3 New Member

    Joined:
    Feb 23, 2016
    Messages:
    26
    Location:
    New York

    Hard work doesn’t equal wealth.
    Rerm and Fishtigua like this.
  13. motoryachtlover

    motoryachtlover Senior Member

    Joined:
    Jan 29, 2007
    Messages:
    651
    Location:
    smithfield, VA
    Inheritance and all of that I get, but from all that I have seen there is definitely a correlation between hard work and wealth. Correct all who work hard don’t achieve wealth, you have to take risks, get knocked down and get up again, etc. hard work does not equal wealth but it is a component of achieving wealth. Part of what I do is construction and I know many uneducated hard working class tradesmen who may not be wealthy but they they put the kids through college, own there homes, vehicles, campers, boats, etc free and clear and are contributing members of society. Maybe not wealthy but not too shabby. Maybe it is matter of your life experience as to how one perceives the wealthy.
  14. mapism

    mapism Senior Member

    Joined:
    Aug 9, 2008
    Messages:
    2,115
    Location:
    Sardinia
    No, I didn't express that.
    If you re-read my previous post, what I said is rather that the concept of productivity is debatable.
    The world moved on since Taylor wrote The Principles of Scientific Management more than a hundred years ago, you know.
    BUT, I also said let's forget that, since this is not even a different chapter, but rather a totally different book.

    So, back to the point of the best adjective, actually I answered your question beforehand (actually with two adjectives, for the price of one! :)): smart and unscrupolous.
    Then you gave yours: productive.

    Which brings us back to my previous, very simple question: if you focus on the specific persons I mentioned (as well as many others of the same ilk, and as opposed to following a purely theoretical reasoning), are you really, really sure that your description fits them better than mine?
    Feel free to say you are, of course. What we are talking about is largely a matter of opinion, so there's no absolute right or wrong.

    All I know is that if I try to honestly compare myself and what I did with what those guys are and what they did, I don't feel like the massive wealth difference between myself and them is down to how much more productive they have been - to the point that I would dare saying to have been comparatively productive, overall.
    OTOH, I've never, ever been anywhere near as smart and unscrupolous as they were, and still are.
    So, you'll forgive me for thinking that THESE are the main wealth triggers in capitalism, rather than productivity (which is rewarded also in socialism btw, though arguably to a much lesser extent).

    As an aside, I have a funny feeling that you wouldn't have objected to my assertion if it didn't include the term unscrupulous, which sounds like dishonest or even illegal, sort of.
    Which is not what I meant: if you'll give me a bit of slack, since EN is not my mother language, I just picked a term that I thought was the best for describing the typical attitude of these folks, with no implication of wrong doing whatsoever.
    I appreciate that also Pablo Escobar could be called "unscrupulous", among many other stronger adjectives.
    But I hope it's obvious that this is I neither what I meant nor implied.
    Here we are talking of some of the smartest minds on the planet, possibly as smart as some Nobel prize winners, so it's a given that they are more than capable to keep their unscrupulous attitude within legal boundaries.
    But being very smart has never been enough.
    If it were, Albert Einstein and Marie Curie should have cumulated as much wealth as Bezos did by moving boxes around.
    At the very least as much, if not even a multiple of that...!
  15. FlyingGolfer

    FlyingGolfer Member

    Joined:
    Dec 25, 2017
    Messages:
    212
    Location:
    NC
    Mapism, you are asking good questions. Here is my take.
    I believe they should be called “productive” because they take huge risks, make good innovative decisions and are successful in pleasing consumers. They are responsible for the gainful employment of many people and the efficient redirection of capital to the direct and tertiary benefit of human beings. Consumers, vendors and investors.
    By the way, efficiencies in the marketplace benefit the poor by creating more employment which follows a strong economy.
    Last edited: Jul 21, 2022
  16. Boatbuilder

    Boatbuilder Member

    Joined:
    Jun 27, 2011
    Messages:
    46
    Location:
    Anacortes WA
    The thing all of these wealth shaming articles forget is that the construction and maintenance of yachts, planes, large homes, etc employs many people.
    A modest sized yacht could easily have 20,000 man hours, a super yacht maybe 300,000 hours. Translate that into gainful employment for many families to say nothing of the suppliers man hours.

    God bless rich people, they have paid my wages for 50 years building and repairing boats.
    tbaxl, Rerm, bayoubud and 4 others like this.
  17. mapism

    mapism Senior Member

    Joined:
    Aug 9, 2008
    Messages:
    2,115
    Location:
    Sardinia
    Thanks for your appreciation of my reasoning, regardless of if and to which extent you agree.
    I'm leaving the rest of your post out of my quote because (as well as the whole content of Boatbuilder's post above) I never argued with that.
    BTW, I can't understand why he seem to qualify my comments as "wealth shaming", which is a completely different mindset/reasoning.

    OTOH, your explanation of why HNWI can be called productive is based on the outcome of what they did, "ex-post", so to speak.
    But my train of thought (as well as, I think, MYlover's when in his post #8 he disagreed with my first comment) was the other way round, sort of.
    In fact, the way I would have put your very same sentence is...
    Why do they take huge risks, make good innovative decisions and are successful in pleasing consumers?
    Because they are smart (VERY smart, in fact!), but also unscrupulous, at the same time.

    Now, leaving possible semantic debates aside, I can accept that you call them also productive, in hindsight.
    But as crucial as it might be, that's "only" the outcome, not the real trigger of their success.
    Last edited: Jul 21, 2022
  18. motoryachtlover

    motoryachtlover Senior Member

    Joined:
    Jan 29, 2007
    Messages:
    651
    Location:
    smithfield, VA
    Mapism you were correct the triggering word was unscrupulous. Later I will look that word up, but short of that to me unscrupulous means immoral or ethically challenged. I also interpreted (rightly or wrongly) your thoughts as an indictment of capitalism. Your English is very good and I would not stand a chance of communicating in your language (Italian??). Also communicating with the written word only leaves out a lot of communication. I think that is part of the reason so many forum conversations get ugly. Thanks for a civil dialogue in what was initially a disagreement but actually maybe not.
    JadePanama likes this.
  19. FlyingGolfer

    FlyingGolfer Member

    Joined:
    Dec 25, 2017
    Messages:
    212
    Location:
    NC
    Mapism, I care not if capitalists have good altruistic intentions, as long as the results are good. Selfishness resulting in more jobs, more families able to care for themselves and their loved ones, is good. And the record of the very wealthy giving enormous sums to deserving charities is quite impressive. And beneficial.
  20. Boatbuilder

    Boatbuilder Member

    Joined:
    Jun 27, 2011
    Messages:
    46
    Location:
    Anacortes WA
    I said wealth shaming article
Thread Status:
Not open for further replies.