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re: CNN: The US would be better off with fewer billionaires
Posted on 2/25/20 at 7:21 am to East Coast Band
Posted on 2/25/20 at 7:21 am to East Coast Band
quote:
That all sounds great. But we don't need more do-gooder billionaires that give to charity — we need fewer billionaires.
That sums it up well.
Billionaires shouldn't give directly to those in need. They need to give it to beauracrats who then use it as a weapon or a campaign tool to help them line their pockets. That's the moral way to help poor people!
0
Posted on 2/25/20 at 7:23 am to geauxtigers456
quote:
Here come the billionaire bootlickers...
$20 is $20
Posted on 2/25/20 at 7:23 am to East Coast Band
CNN 
Posted on 2/25/20 at 7:25 am to HempHead
quote:
quote:
Here come the billionaire bootlickers...
$20 is $20
I'm still hoping Bloomberg contacts me to help him campaign
Posted on 2/25/20 at 7:32 am to upgrayedd
This is a seesaw we need to figure out how to balance. We need the freedom that can create billionaires, but we also need something in place to keep those same billionaires from being able to control things.
Posted on 2/25/20 at 7:33 am to geauxtigers456
quote:
Here come the billionaire bootlickers...
Explain your jealousy. If Jeff Bezos didn't exist, how would your life be different? How much more money would you have in the bank today?
Posted on 2/25/20 at 7:35 am to East Coast Band
quote:
and, after the billionaire-backed GOP tax cuts, working-class Americans now pay higher tax rates than billionaires.
No, they don’t.
Posted on 2/25/20 at 7:35 am to East Coast Band
The fact that the United States of America has so many billionaires points to it being such a great country. frick this loser.
His bio:
This dude is definitely a fricking loser. As all communists are.
His bio:
quote:
Chuck Collins (born October 19, 1959) is an author and a senior scholar at the Institute for Policy Studies in Washington, DC, where he directs the Program on Inequality and the Common Good. He is also co-founder of Wealth for Common Good. He is an expert on economic inequality in the US, and has pioneered efforts to bring together investors and business leaders to speak out publicly against corporate practices and economic policies that increase economic inequality.
This dude is definitely a fricking loser. As all communists are.
This post was edited on 2/25/20 at 7:38 am
Posted on 2/25/20 at 7:37 am to East Coast Band
The mindset of people like this is disturbing, to say the least. They should be praising the fact that only in the U.S. can so many billionaires be created.
If billionaires can be created, then guess what? A whole lot of millionaires can also be created.
We used to aspire to be like the successful people in this country. That was the American dream. It still is for all of those immigrants who come to this country looking for opportunity. They can see what is possible far better than these yahoos who believe they know what's best for us.
Today's left are literally being led by mentally ill morons.
If billionaires can be created, then guess what? A whole lot of millionaires can also be created.
We used to aspire to be like the successful people in this country. That was the American dream. It still is for all of those immigrants who come to this country looking for opportunity. They can see what is possible far better than these yahoos who believe they know what's best for us.
Today's left are literally being led by mentally ill morons.
Posted on 2/25/20 at 7:37 am to Dam Guide
quote:
This is a seesaw we need to figure out how to balance. We need the freedom that can create billionaires, but we also need something in place to keep those same billionaires from being able to control things.
That's precisely why I advocate for gutting the power of the federal government. A big reason why these people have the ability to get this rich is because they're able to buy politicians in order to create legislation that destroys competition. Hell, Congress told Mark Zuckerberg to write legislation on social media regulations so they could rubber stamp it.
This post was edited on 2/25/20 at 7:38 am
Posted on 2/25/20 at 7:38 am to East Coast Band
Amazon has 789,000 employees. Tell me again why we don’t need billionaires?
Posted on 2/25/20 at 7:38 am to TDcline
quote:
. I have enough from savings and my military retirement to live like a king
I think you are not getting the full picture, you will no longer be entitled to either and damn well will not be able to transfer money outside the country.
Posted on 2/25/20 at 7:38 am to TDcline
quote:
There’s no denying that the greedy a-holes have bought and paid for American politicians
Bernie said this in the last debate.
Why is the rich guy the a-hole in this situation? Shouldn't the politician who is influenced by the money be the a-hole?
They are the one compounding the problem and causing the long lasting effects. Fwiw, Bernie has been in government for almost half a century...
quote:you mean right around the time that government started stepping into all these areas?
Mortgages, Daycare prices, medical prices, college tuition, and much more have all skyrocketed in the past 20 years.
This post was edited on 2/25/20 at 7:40 am
Posted on 2/25/20 at 7:39 am to mtntiger
quote:
Today's left are literally being led by mentally ill morons.
They think Jeff Bezos has a vault with $100 billion in gold in it
Posted on 2/25/20 at 7:40 am to Displaced
quote:
Why is the rich guy the a-hole in this situation?
Bernie is a rich a-hole, btw.
He's larping as a common man.
Posted on 2/25/20 at 7:40 am to upgrayedd
quote:
That's precisely why I advocate for gutting the power of the federal government. A big reason why these people have the ability to get this rich is because they're able to buy politicians in order to create legislation that destroys competition. Hell, Congress told Mark Zuckerberg to write legislation on social media regulations so they could rubber stamp it.
That’s because Facebook was created by the federal government.
Posted on 2/25/20 at 7:40 am to East Coast Band
quote:They only hire a "wealth defense industry" when the cost of said "wealth defense industry" is less than the savings provided.
For instance, multimillionaires and billionaires support an entire "wealth defense industry" of professionals — tax lawyers, accountants, wealth managers — that help hide their fortunes in offshore tax havens and dynasty trusts.
quote:There's zero connection here. The fact there are billionaires does NOT restrict anyone else from acquiring $400. On the contrary, a Billionaire is more likely to throw $400 down for a moments entertainment...or to encourage a pest, like the authors, to go away.
While billionaire fortunes balloon, about a fifth of Americans have zero or negative net worth. And nearly two-fifths of us don't have the cash on hand to cover a $400 emergency, according to the Federal Reserve.
quote:Outright lie. Billionaires spend a lot of money on food, clothing, shelter, entertainment...all kinds of things. Gates and Bezos kinda compete for the most AI automated home.
Part of the reason is that many billionaires invest their fortunes in a way that only expands their own wealth and power
Posted on 2/25/20 at 7:44 am to UpToPar
quote:
and, after the billionaire-backed GOP tax cuts, working-class Americans now pay higher tax rates than billionaires.
No, they don’t.
This is one of those deals where they fudge some numbers around to make the "all in" effective tax rates look higher, but they blame income tax cuts specifically. It's ridiculous.
Posted on 2/25/20 at 7:50 am to TDcline
quote:
I’ll legit move out of the country
No you won’t. Just like all the Hillary voters didn’t.
Posted on 2/25/20 at 7:52 am to East Coast Band
Wage gap is an issue to me. Wages haven't risen by enough in the last twenty or so years, but Executive pay has.
They are making more for keeping profits up. They are keeping profits up by paying employees less.
It's a vicious cycle that ends in drastic change. ...
They are making more for keeping profits up. They are keeping profits up by paying employees less.
It's a vicious cycle that ends in drastic change. ...
This post was edited on 2/25/20 at 8:33 pm
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