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re: CNN: The US would be better off with fewer billionaires
Posted on 2/25/20 at 12:52 pm to fallguy_1978
Posted on 2/25/20 at 12:52 pm to fallguy_1978
quote:
Which is absolutely ridiculous. Policies like this are dangerous. Capital and investment would leave the country.
"We'll pass a law that says they can't leave"
1
Posted on 2/25/20 at 2:07 pm to upgrayedd
While I consider myself a right of center Republican there is something to be said for the quote by Ronald Wright:
“Socialism never took root in America because the poor see themselves not as exploited proletariat but as temporarily embarrassed millionaires”
Now I am not saying that I advocate for communism or socialism or anything to that affect.
But how many posters on this board, how many reading this post right here right now think splurging on a vacation to DisneyWorld is the highlight of their year? How many come home from the rigs with cuts and blisters on their hands, an aching back, and shower off and set the alarm to wake up and do it again, and have to worry about their next tank of gas or their child’s college fund, or their truck not breaking down? How many here are fresh graduates starting their career who can’t afford to buy a house or can’t afford to start a family?
Meanwhile the Rothschilds and the Sonos’ of the world can sway global economies in a single trade. A transcontinental flight on a private jet is a weekly occurrence. They don’t produce goods, they don’t sweat or bleed for their money, they speculate and exploit and make their money from that. Look at the opioid epidemic and how much money big pharma has made on the deaths and suffering of millions.
Look at the graphs of the stagnation of wages. Inflation slowly creeps up, Executive salaries have BALLOONED, and yet daily wages of the standard household have barely budged in the last 2 decades.
I’m not advocating for the seizure of wealth and all that garbage. I voted for Trump because I believe in equal opportunities and not equal outcomes.
However something has to give, more has to give, something has to budge. The middle class is vanishing before our eyes and the majority practically everyone on this forum is a part of that vanishing class. And yet for some ridiculous reason all most of you do is fight for the rights of billionaires to keep exploiting the system.
“Socialism never took root in America because the poor see themselves not as exploited proletariat but as temporarily embarrassed millionaires”
Now I am not saying that I advocate for communism or socialism or anything to that affect.
But how many posters on this board, how many reading this post right here right now think splurging on a vacation to DisneyWorld is the highlight of their year? How many come home from the rigs with cuts and blisters on their hands, an aching back, and shower off and set the alarm to wake up and do it again, and have to worry about their next tank of gas or their child’s college fund, or their truck not breaking down? How many here are fresh graduates starting their career who can’t afford to buy a house or can’t afford to start a family?
Meanwhile the Rothschilds and the Sonos’ of the world can sway global economies in a single trade. A transcontinental flight on a private jet is a weekly occurrence. They don’t produce goods, they don’t sweat or bleed for their money, they speculate and exploit and make their money from that. Look at the opioid epidemic and how much money big pharma has made on the deaths and suffering of millions.
Look at the graphs of the stagnation of wages. Inflation slowly creeps up, Executive salaries have BALLOONED, and yet daily wages of the standard household have barely budged in the last 2 decades.
I’m not advocating for the seizure of wealth and all that garbage. I voted for Trump because I believe in equal opportunities and not equal outcomes.
However something has to give, more has to give, something has to budge. The middle class is vanishing before our eyes and the majority practically everyone on this forum is a part of that vanishing class. And yet for some ridiculous reason all most of you do is fight for the rights of billionaires to keep exploiting the system.
Posted on 2/25/20 at 2:22 pm to Delacroix22
quote:
And yet for some ridiculous reason all most of you do is fight for the rights of billionaires to keep exploiting the system.
Do you know why they can exploit the system? Because we keep voting for politicians that allow them exploit the system...because they're exploiting the very same system.
It's not the billionaire's fault. They're utilizing the system as provided.
It's the voter's fault for allowing our government to grow in size and power to the extent it has, all in the name of "free" shite and "doing something."
The you have our lord and savior Bernie (and all the other democrats really) coming along to promise even more free shite and expand the size of the government to unheard of levels.
Who do you think will benefit from that?
Here's a tip: it's not your or me.
Posted on 2/25/20 at 2:26 pm to Delacroix22
quote:
But how many posters on this board, how many reading this post right here right now think splurging on a vacation to DisneyWorld is the highlight of their year? How many come home from the rigs with cuts and blisters on their hands, an aching back, and shower off and set the alarm to wake up and do it again, and have to worry about their next tank of gas or their child’s college fund, or their truck not breaking down? How many here are fresh graduates starting their career who can’t afford to buy a house or can’t afford to start a family?
Do you think the life of the common man was completely different than this 50 years ago?
This post was edited on 2/25/20 at 2:26 pm
Posted on 2/25/20 at 2:31 pm to mmmmmbeeer
All in with Corrupt Wall Street - look no further than Mnuchin and Kushner.
But then again - they all are a mafia being bribed in D.istruct if C.orruption
But then again - they all are a mafia being bribed in D.istruct if C.orruption
Posted on 2/25/20 at 2:45 pm to East Coast Band
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.
quote:
Part of the reason is that people that are poor are terrible with money, hence they are poor.
FIFT
You could re-appropriate all of the Billionaire's wealth back down to the bottom 10%. Within 5 years all that money would have risen right back up to the top. People that are poor are poor because they make poor decisions. Everywhere you go, there you are.
If you really want to fix this problem it starts with teaching basic, simple home finance at an early age. All the way up to elementary school and into Middle School. They don't teach these basic skills anymore.
Money. Something everybody handles at some point in their life. Not taught in school.
SMH.
This post was edited on 2/25/20 at 2:47 pm
Posted on 2/25/20 at 2:56 pm to Centinel
quote:
It's the voter's fault
I think that was his entire point....pawns voting in politicians that sell out far too quickly. It's not the dems giving huge tax cuts to millionaires and billionaires, cutting financial regulations, defunding consumer finance protections, protecting payday lenders, etc., it's the GOP. And the middle class people voting for Republicans are not doing themselves any favors by doing so.
Supply side economics...Reagan was the first president to really buy into the idea. It's no accident that the wealth gap has exploded since 1980 while workers wages have stagnated.
Posted on 2/25/20 at 2:59 pm to mmmmmbeeer
quote:
protecting payday lenders, etc.
Oooh, I love this one
What interest rate should these companies give to a person with a credit score of 371?
Posted on 2/25/20 at 2:59 pm to fallguy_1978
quote:
Do you think the life of the common man was completely different than this 50 years ago?
Abso-fricking-lutely.
My grandparents were factory workers at General Electric. Both retired with pensions, owned a home, had a very nice savings account, had nice vehicles, vacationed, etc.
My dad was the only one to work when I was growing up. Another factory worker. Things were tight at our house but he was still able to purchase a home, pay insurance for my disabled mother, have occasional vacations, etc.
Nowadays you have families with both parents working and they can't keep up with their bills, much less handle an emergency.
Posted on 2/25/20 at 3:00 pm to upgrayedd
quote:
What interest rate should these companies give to a person with a credit score of 371?
Uh, they shouldn't?
Posted on 2/25/20 at 3:00 pm to mmmmmbeeer
quote:
Uh, they shouldn't?
You would like to completely shut down the industry?
Posted on 2/25/20 at 3:03 pm to mmmmmbeeer
quote:
My grandparents were factory workers at General Electric. Both retired with pensions, owned a home, had a very nice savings account, had nice vehicles, vacationed, etc.
My grandfather lived in a 1400 sq ft house in the country that he built with his own hands. They'd go on vacation every couple of years. He was a superintendent for Exxon and made a nice living.
I guarantee you that the current superintendent isn't living like he did
Posted on 2/25/20 at 3:03 pm to upgrayedd
quote:
You would like to completely shut down the industry?
Sure. If they can't make a living without absolutely raping people, yeah, it's an illegal business. Do loan sharks operate out in the open? frick no.
I believe the dem proposal was like 30% cap....that's a really hefty rate. If these businesses can't make it on 30% interest, well, maybe they should review their lending requirements?
Posted on 2/25/20 at 3:06 pm to fallguy_1978
quote:
My grandfather lived in a 1400 sq ft house in the country that he built with his own hands. They'd go on vacation every couple of years. He was a superintendent for Exxon and made a nice living.
I guarantee you that the current superintendent isn't living like he did
That's why it was better...it was a more equitable relationship between workers and businesses. The big guys made more than the little guys but no one was underpaid and no one was overpaid. Companies have changed (pensions, insurance, etc.), and not for the better.
I've worked for my company for 20 years now...do you know how unique that is these days? It's sad, imo...didn't used to be that way.
Posted on 2/25/20 at 3:08 pm to mmmmmbeeer
quote:
That's why it was better...it was a more equitable relationship between workers and businesses.
The current superintendent probably has a bass boat, F250, a camp and a 2800 sq ft house in the suburbs. He's probably making in inflation adjusted dollars about what my grandfather did too.
Posted on 2/25/20 at 3:10 pm to fallguy_1978
I am not reading this whole thread, but is this beer douche saying billionaires are bad?
Posted on 2/25/20 at 3:11 pm to mmmmmbeeer
quote:
I've worked for my company for 20 years now...do you know how unique that is these days? It's sad, imo...didn't used to be that way.
I'm in my 40s and have had 2 jobs in the past 17 years. I only left the previous one because they wanted me to move. It wasn't feasible at the time because my wife owned a small business.
Posted on 2/25/20 at 3:12 pm to Janky
quote:
I am not reading this whole thread, but is this beer douche saying billionaires are bad?
Everything is awful now is essentially the theme and it's rich people's fault.
Posted on 2/25/20 at 3:13 pm to fallguy_1978
Sounds about right.
Posted on 2/25/20 at 3:18 pm to Janky
quote:
Sounds about right.
My standard of living is better than my parents was. All of my siblings are better off actually.
There are some challenges in the country today for sure but I guarantee you that not many people here would trade places right now with their grandparents in the 1920s or 30s.
This post was edited on 2/25/20 at 3:19 pm
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