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re: CNN: The US would be better off with fewer billionaires

Posted on 2/25/20 at 11:55 am to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53133 posts
Posted on 2/25/20 at 11:55 am to
quote:

Imagine having to sell your controlling stake in the company you founded just so you can pay the taxes on it.

I guess these people are advocating for Federal confiscation of stock shares where they take over publicly traded companies?

If they take them and sell them, it will tank the market. If they force the owner to sell them, it'll tank the market

They are legitimate morons
This post was edited on 2/25/20 at 11:57 am
Posted by PUB
New Orleans
Member since Sep 2017
20702 posts
Posted on 2/25/20 at 11:59 am to
Yes it is beyond broken and cannot be fixed. Massive in our face corruption has taken 100% control of the system and it is nothing short of an all out affront to destroy the middle class and move to one NWO. The goal is an Uber rich with the ruling oligarchs and their serfs begging for food, water, shelter and medical.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53133 posts
Posted on 2/25/20 at 12:01 pm to
What do you propose to do to limit someone starting a business and becoming extremely wealthy?

I didn't realize that everyone was doing so poorly. My wife and I make a good living
This post was edited on 2/25/20 at 12:02 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138168 posts
Posted on 2/25/20 at 12:07 pm to
quote:

guess these people are advocating for Federal confiscation of stock shares where they take over publicly traded companies?

I was thinking more along the lines of a wealth tax. If your net worth is tied up in stocks, you have to sell those stocks for cash to pay the government.

I don't know how that kind of stuff would play out, but I just imagine people lining up like vultures to wait for Bezos to sell Amazon stock every year to pay his Bernie tax
Posted by mmmmmbeeer
ATL
Member since Nov 2014
9995 posts
Posted on 2/25/20 at 12:10 pm to
quote:

You can't claim to be a rational moderate then say shite like that


2000 GOP Primary-- Voted for Alan Keyes
2000 General -- voted for Dubya
2004 GOP Primary and General -- voted for Dubya
2008 Dem Primary and General -- Obama
2012 Dem Primary and General -- Obama
2016 GOP Primary -- Kasich
2016 General -- Hillary

I'm very much a moderate but the rightward lurch of the GOP thanks to the Tea Party, and now Trump, has pushed me to vote for Dems. Trump isn't a Republican. He's not a conservative. He's a loudmouthed, narcissistic, dumb, populist criminal.

I judge the candidate, not the party.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72368 posts
Posted on 2/25/20 at 12:13 pm to
quote:

As the concentration of wealth in our country accelerates, an increasingly small sliver of the population enjoys an increasingly large say over how wealth and power are distributed. And make no mistake: Wealth is concentrating.


The stupidity of this line of thinking is sickening, especially coming from a company claiming to be the “most trusted name in news”.


Wealth isn’t a zero sum game. The real world isn’t like a fricking Monopoly game where the players can only amass however much money came with the game. Someone amassing a billion dollars in wealth doesn’t mean that is a billion less dollars others can earn.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138168 posts
Posted on 2/25/20 at 12:14 pm to
quote:

I'm very much a moderate but the rightward lurch of the GOP thanks to the Tea Party, and now Trump, has pushed me to vote for Dems. Trump isn't a Republican. He's not a conservative. He's a loudmouthed, narcissistic, dumb, populist criminal.

You sound pretty emotional and irrational, i.e. not a moderate


This reeks of similar mindsets like "I'm a gun owner and I support the 2A, but there's no reason anyone needs anything more than this deer rifle"
Posted by oleheat
Sportsman's Paradise
Member since Mar 2007
14565 posts
Posted on 2/25/20 at 12:14 pm to
quote:

There’s no denying that the greedy a-holes have bought and paid for American politicians


quote:

Bernie said this in the last debate.


Sometimes politicians are even bought and paid for by other politicians. Right, Bernie?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53133 posts
Posted on 2/25/20 at 12:15 pm to
quote:

I was thinking more along the lines of a wealth tax. If your net worth is tied up in stocks, you have to sell those stocks for cash to pay the government.

Which is absolutely ridiculous. Policies like this are dangerous. Capital and investment would leave the country.
Posted by oleheat
Sportsman's Paradise
Member since Mar 2007
14565 posts
Posted on 2/25/20 at 12:17 pm to
quote:

2008 Dem Primary and General -- Obama
2012 Dem Primary and General -- Obama
2016 GOP Primary -- Kasich
2016 General -- Hillary


quote:

I'm very much a moderate



You very much aren't.
Posted by Centinel
Idaho
Member since Sep 2016
44411 posts
Posted on 2/25/20 at 12:18 pm to
quote:

He's a loudmouthed, narcissistic, dumb, populist criminal.

I judge the candidate, not the party.


No, you base your decisions on emotion. That's not moderate.
Posted by DCtiger1
Member since Jul 2009
11206 posts
Posted on 2/25/20 at 12:19 pm to
quote:

Wealth isn’t a zero sum game. The real world isn’t like a fricking Monopoly game where the players can only amass however much money came with the game. Someone amassing a billion dollars in wealth doesn’t mean that is a billion less dollars others can earn.


Scares the shite out of me as a business owner.
Posted by Scruffy
Kansas City
Member since Jul 2011
76603 posts
Posted on 2/25/20 at 12:23 pm to
quote:

2000 GOP Primary-- Voted for Alan Keyes
2000 General -- voted for Dubya
2004 GOP Primary and General -- voted for Dubya
2008 Dem Primary and General -- Obama
2012 Dem Primary and General -- Obama
2016 GOP Primary -- Kasich
2016 General -- Hillary
quote:

I'm very much a moderate

quote:

the rightward lurch of the GOP
In what ways?

The modern GOP is the Clinton-era Democratic Party.

The Democrats have lurched so far left that Bernie “let me praise Cuba, China, and the USSR comrade” Sanders is the party’s front runner.



You are about as moderate as Karl Marx if you believe the Republican Party is too right wing and the Democratic Party is moderate.
This post was edited on 2/25/20 at 12:25 pm
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 2/25/20 at 12:25 pm to
great, lets start with soros and all of hollywood and every owner of MSM networks and the rino deep state corruption koch brothers

after all those can no longer use their power and money to try to undermine america and american liberties we will be much better off
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72368 posts
Posted on 2/25/20 at 12:25 pm to
quote:

Wealth isn’t a zero sum game. The real world isn’t like a fricking Monopoly game where the players can only amass however much money came with the game. Someone amassing a billion dollars in wealth doesn’t mean that is a billion less dollars others can earn.


Scares the shite out of me as a business owner.


It’s our own damn fault for allowing our schools to be taken over by Marxist Socialist Progressives who have repurposed our education system into political indoctrination facilities. This is why probably over half the people 40 and under have absolutely no idea how a free market economic system actually works.

Wealth isn’t a finite resource such as coal or iron ore. If it were then the world would still look pretty much as it did thousands of years ago. Societies would never advance because their wealth would never grow over what was already amassed.
Posted by Antonio Moss
The South
Member since Mar 2006
49153 posts
Posted on 2/25/20 at 12:26 pm to
quote:

Does this rising tide lift all boats? Hardly. 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.


The macro data suggests otherwise. The US’s GDP-PPP has steadily risen in the last 30 years alone side the concentration of wealth.

Furthermore, this article, like most on the subject fails to take into account the non-liquidity of this wealth and what the vast majority of it mostly is - commercial assets.
Posted by Norbert
Member since Oct 2018
3597 posts
Posted on 2/25/20 at 12:42 pm to
quote:

The Bible


Irrelevant in a discussion about economic philosophies
Posted by Relham10
Ridge
Member since Jan 2013
20134 posts
Posted on 2/25/20 at 12:46 pm to
I dont get why someones worth is anyone else's business. As long as they acquired their money legally then who cares. They can spend their money any way they choose.
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 2/25/20 at 12:49 pm to
You voted for W, Obama and Hillary! Oof that’s just bad, can’t believe you admitted that.
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 2/25/20 at 12:49 pm to
How have wages risen versus cost of living?
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