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How can we make a better cattle future in Ky
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<blockquote data-quote="CattleMan1920" data-source="post: 1555182" data-attributes="member: 37967"><p>The absolute top 1% of Kentucky earners have an annual income starting at $700k. They are usually business owners, physicians, or attorneys. Of those business owners, most are in some form of industrial or construction business. Of the physicians, they are usually high-end specialists, and of the attorneys, they are usually partners or owners of a major Lexington or Louisville law firm. </p><p></p><p>There are outliers, like some coal baron, or other examples, but Kentucky is largely a poor place, the majority of the state is below the poverty level especially the eastern part of the state.</p><p></p><p>The local folklore makes for some great stories, but unless you are one of the people I mentioned at the start, you probably are not in the 1%, you are in the 99%. </p><p></p><p>Now I know it makes people in the 99% feel good to imagine themselves in the 1%, but that's about a far as it goes. </p><p></p><p>I know for a fact that if I was standing at the counter of Southern States with a $10k roll of bills in my hand, held together with a rubber band and I paid my feed bill in hundreds that I peeled off, that it would take no time for people to say "that guy, oh he is super rich" It takes very little to impress people, especially with shiny things. Real money, 8 figure and above money, is not made in farming these days, it's made in technology. I doubt the old farmer mentioned above owned a tech company in his portfolio, maybe he did, maybe he bought an IPO or bitcoin, hence the reason he had a fat bank account, who knows. One thing is for sure it didn't come about from crops on 600 acres and scrub cattle. There are kids on Youtube making 6 figures a month wearing jeans and t shirts and working from an Iphone and Macbook, how about we discuss them, at least we will be talking about people that actually have money.</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1555182, member: 37967"] The absolute top 1% of Kentucky earners have an annual income starting at $700k. They are usually business owners, physicians, or attorneys. Of those business owners, most are in some form of industrial or construction business. Of the physicians, they are usually high-end specialists, and of the attorneys, they are usually partners or owners of a major Lexington or Louisville law firm. There are outliers, like some coal baron, or other examples, but Kentucky is largely a poor place, the majority of the state is below the poverty level especially the eastern part of the state. The local folklore makes for some great stories, but unless you are one of the people I mentioned at the start, you probably are not in the 1%, you are in the 99%. Now I know it makes people in the 99% feel good to imagine themselves in the 1%, but that's about a far as it goes. I know for a fact that if I was standing at the counter of Southern States with a $10k roll of bills in my hand, held together with a rubber band and I paid my feed bill in hundreds that I peeled off, that it would take no time for people to say "that guy, oh he is super rich" It takes very little to impress people, especially with shiny things. Real money, 8 figure and above money, is not made in farming these days, it's made in technology. I doubt the old farmer mentioned above owned a tech company in his portfolio, maybe he did, maybe he bought an IPO or bitcoin, hence the reason he had a fat bank account, who knows. One thing is for sure it didn't come about from crops on 600 acres and scrub cattle. There are kids on Youtube making 6 figures a month wearing jeans and t shirts and working from an Iphone and Macbook, how about we discuss them, at least we will be talking about people that actually have money. [/QUOTE]
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