Wealth of Five Richest Men Doubles Since 2020

[georgephillip]

I know about communist attempts to rewrite history

Maybe the marxist lies succeeded with you

But the fact is that communist north korea invaded the south and only intervention by the United Nations lead by the United States prevented enslavement of the whole country by the marxists

BTW: Lyuh Woon-hyung was a communist

Lyuh was a center-left Korean politician widely attacked by extremists on the right and left; he was assassinated by a 19 year-old recent refugee who was an active member of a right wing terrorist group.

Lyuh Woon-hyung - Wikipedia

"Lyuh Woon-hyung or Yo Un-hyungLyuh Woon-hyung - Wikipedia (25 May 1886 – 19 July 1947) was a Korean politician who argued that Korean independence was essential to world peace, and a reunification activist who struggled for the independent reunification of Korea following its national division in 1945..."

"He is also known by his pen name Mongyang (몽양; 夢陽).

"He is rare among politicians in modern Korean history for being revered in both South and North Korea.[

Apparently you're ignorant of the fact Korean communists fought as US allies against Imperial Japan while many Korean capitalists were more likely to collaborate with Japan's brutal occupation. Hence, Korean communists were far more likely to win free elections in 1945 than US puppets like Syngman Rhee.

 

[Mac-7]

Lyuh was a center-left Korean politician widely attacked by extremists on the right and left; he was assassinated by a 19 year-old recent refugee who was an active member of a right wing terrorist group.

Lyuh Woon-hyung - Wikipedia

"Lyuh Woon-hyung or Yo Un-hyungLyuh Woon-hyung - Wikipedia (25 May 1886 – 19 July 1947) was a Korean politician who argued that Korean independence was essential to world peace, and a reunification activist who struggled for the independent reunification of Korea following its national division in 1945..."

"He is also known by his pen name Mongyang (몽양; 夢陽).

"He is rare among politicians in modern Korean history for being revered in both South and North Korea.[

Apparently you're ignorant of the fact Korean communists fought as US allies against Imperial Japan while many Korean capitalists were more likely to collaborate with Japan's brutal occupation. Hence, Korean communists were far more likely to win free elections in 1945 than US puppets like Syngman Rhee.

He was a communist

In 1920, he joined the Koryǒ Communist Party (고려 공산당, Goryeo Gongsandang) and, in 1921, attended the First Congress of the Toilers of the Far East in Moscow. When Lyuh Woon Hyung was in Moscow, He met Leon Trotsky and Vladimir Lenin to discuss Korean Independence

there is no question that South Korea was blessed by not being a communist country after WWII

And for that South Koreans owe America a debt of gratitude

 

[georgephillip]

All things have the same degree of corruptibility because the humans that do them are all corruptible

Since corruption fosters extreme wealth, billionaires face incentives to bolster varieties of graft which perpetuate the corrupt system.

Why do you think there were thirteen US billionaires in 1982 and there are 756 today.

 

[georgephillip]

He was a communist

In 1920, he joined the Koryǒ Communist Party (고려 공산당, Goryeo Gongsandang) and, in 1921, attended the First Congress of the Toilers of the Far East in Moscow. When Lyuh Woon Hyung was in Moscow, He met Leon Trotsky and Vladimir Lenin to discuss Korean Independence

there is no question that South Korea was blessed by not being a communist country after WWII

And for that South Koreans owe America a debt of gratitude

Korean communist spanned a spectrum of ideology. All communists allied with the US during WWII while many capitalists did not.

DECEMBER 31, 2002

A Pop Quiz on Korea​

7. As of 1945, most Koreans associated the majority of Korean big landowners and businessmen with the Japanese colonial regime. How did U.S. occupation forces deal with this stratum?

a. They subjected it to a thoroughgoing purge.
b. They relied upon it for support.
c. They remained neutral as the numerous “people’s committees” loyal to the PRK organized against it.

 

[struth]

Your link:

"But Obama's singling out of Medicare and Medicaid (in 2009) is true over a much longer window of time, say, over the next 50 to 75 years."

Social Security and Medicare are revenue problems that can be solved by increasing the salary cap on SS and corporate taxation levels to make Medicare universal.

Military spending, however, is the primary driver of US balance of payments deficit.

Imho, government debt can always be paid as long as that debt is denominated in its own currency; however, private debt poses a much greater threat to society since it is deliberately designed to transfer income from the poorest 90% to the richest 10% of society.

Sending Dollars Abroad … via the Military | Michael Hudson

"The problem that is tearing the American economy apart is not the government debt — it’s the private debt that is leading to a default.

"When you default on your debt, you forfeit you property to the creditors.

"So, what you’re seeing now is a large scale transfer of property, a transfer of real estate, a transfer of cars that people had bought, but couldn’t keep up the payments on, a transfer of income from the 90% to the 10%.

"That’s private debt."

Oh I’m sure all the problems can be solved by simply taking more money from people that earn in…but that doesn’t change the fact that the debt (govt) debt, is driven by Medicare and Medicaid…which fyi has no salary cap. I never said anything about SS nor did Obama

And I agree people personally, taking too much debt is an issue for the economy…and especially defaulting on that. But again, that wasn’t what you were talking about. Sadly though credit card debt is at an all time high today, thanks to xiden policies driving up the cost of basic living needs. Hopefully those folks can manage that debt without defaulting until this admin is removed from office

 

[Mac-7]

Korean communist spanned a spectrum of ideology. All communists allied with the US during WWII while many capitalists did not.

After war ended the Japanese were no longer the enemy and they were and still are outstanding capitalists

And that includes Koreans also

But to this day 75 years after WWII ended the communists are still the enemy

 

[georgephillip]

Oh I’m sure all the problems can be solved by simply taking more money from people that earn in…but that doesn’t change the fact that the debt (govt) debt, is driven by Medicare and Medicaid…which fyi has no salary cap. I never said anything about SS nor did Obama

Rich people don't earn their money; they bribe government to legitimize the transfer of wealth upwards from the productive majority of society to a parasitic minority.

The balance of payments deficit and US military spending have more to do with historic levels of public debt than Medicare, Medicaid, and SS combined.

Sending Dollars Abroad … via the Military | Michael Hudson

"Ever since the Korean War, the major factor in the American balance of payments deficit that sent dollars abroad has been military spending.

"So when other countries keep their foreign exchange reserves in dollars, Europe, Russia, China, then by holding the dollars, they hold these dollars safely in Treasury securities.

"Buying the Treasury Security has been the way of funding America’s 800 military bases surrounding them.

"So foreign countries have paid for America to surround them with military bases and to fund America’s military, because the dollars that are in the world are the monetization of American military spending."

 

[georgephillip]

And I agree people personally, taking too much debt is an issue for the economy…and especially defaulting on that. But again, that wasn’t what you were talking about. Sadly though credit card debt is at an all time high today, thanks to xiden policies driving up the cost of basic living needs. Hopefully those folks can manage that debt without defaulting until this admin is removed from offic

I was talking about private debts posing a greater threat to the US than public debt which can always be paid off as long as its denominated in US dollars; Biden is the latest corporate tool whose policies have increased consumer debt, but it's been a consistent trend across all administrations for at least half-a-century.

U.S. Consumer Debt Piles up to $17 Trillion - The Sounding Line

 

[georgephillip]

After war ended the Japanese were no longer the enemy and they were and still are outstanding capitalists

And that includes Koreans also

But to this day 75 years after WWII ended the communists are still the enemy

The enemy are those who get rich from war.

No War but the Class War - Wikipedia

 

[Blues Man]

Since corruption fosters extreme wealth, billionaires face incentives to bolster varieties of graft which perpetuate the corrupt system.

Why do you think there were thirteen US billionaires in 1982 and there are 756 today.

Let me guess you think it's corruption.

There are also more millionaires than ever too I guess they are all corrupt too

No matter how much money Bezos has it does not in any way inhibit you from increasing your wealth

 

[Mac-7]

The enemy are those who get rich from war.

No War but the Class War - Wikipedia

I see you dont hold with the idea that the 2nd WW brought us out of the Great Depression rather than FDR’s leftist New Deal

Good for you

No one wanted war

But when it came it was a Godsend for millions of American workers and their families

 

[georgephillip]

Let me guess you think it's corruption.

There are also more millionaires than ever too I guess they are all corrupt too

No matter how much money Bezos has it does not in any way inhibit you from increasing your wealth

Answer the question: why do you think there were 13 billionaires in the US in 1982 compared to 58 times as many today?

Bezos and other parasites threaten democracy in ways productive Americans never can:

American billionaires spent a record $880 million on the U.S. midterm elections​

 

[georgephillip]

I see you dont hold with the idea that the 2nd WW brought us out of the Great Depression rather than FDR’s leftist New Deal

Good for you

No one wanted war

But when it came it was a Godsend for millions of American workers and their families

What role did government spending play in creating that "Godsend?"

The Way We Won: America's Economic Breakthrough During World War II

"America's response to World War II was the most extraordinary mobilization of an idle economy in the history of the world.

"During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.

"The government expenditures helped bring about the business recovery that had eluded the New Deal."

 

[Mac-7]

"The government expenditures helped bring about the business recovery that had eluded the New Deal."

Just the point I am making

Arming for national defense ended the Great Depression

 

[georgephillip]

Just the point I am making

Arming for national defense ended the Great Depression

What role did US involvement in WWI play in creating the Great Depression?

De-Dollarizing the American Financial Empire | Michael Hudson

"The U.S. creditor position really began after World War I, based on the money it lent to the Allies before it joined the war.

"When the war ended, U.S. diplomats told England and France to pay us for the arms they had bought early on. But in the past, for centuries, the victors usually forgave all the debts among each other once a war was over.

"For the first time, America insisted that the Allies pay for the military support it had sold them before joining them.

"The European Allies were pretty devastated by the war, and they turned to Germany and insisted on reparations that quickly bankrupted Germany.

"German bankrupted its economy trying to pay England and France, which simply sent it on to pay the United States.

"Their balance of payments was in deficit, and their currencies were going down. American investors saw an opportunity to buy up their industry.

"Gold was the measure of power, the backing for domestic money and credit and hence capital investment."

 

[Cellblock2429]

Tax the FUCK out of them.

/----/ Why? Not one thin dime will go to you. You're just jealous that they are successful, and you're a class envy loser. How much of your paycheck do you donate to charity?

Americaâs Top Givers 2022: The 25 Most Philanthropic Billionaires

From Warren Buffett to newcomer Jeff Bezos, the nation's most generous billionaires have given away a collective $169 billion in their lifetimes–and are still richer than ever.

www.forbes.com

How many people do you employ?

Elon Musk's companies currently provide jobs to ~110k people worldwide​

Elon Musk recently shared a rather interesting update on Twitter — his companies now employ about 110,000 people worldwide. This is quite impressive considering that in the grand scheme of...

 

[TheParser]

(1) Those five gentlemen are very fortunate.

(2) For them, money is literally of no concern.

(3) They never have to worry about having enough money for housing and food and medical care. They travel by private jet. They can afford the very best lawyers if they have any legal problems.

(4) I like to think that they are extremely generous in their charitable donations.

a. Hopefully, some of them believe that God/Fate gave them all that money so that they could use it to alleviate the suffering of so many of the earth's 8,000,000,000 human beings.

 

[Blues Man]

Answer the question: why do you think there were 13 billionaires in the US in 1982 compared to 58 times as many today?

Bezos and other parasites threaten democracy in ways productive Americans never can:

American billionaires spent a record $880 million on the U.S. midterm elections​

Don't care?

Bezos got rich because people use his retail platform.

if you want to put him out of business you shouldn't be buying anything from Amazon but you do.
Our society is based on rampant consumerism that's what people want so of course there will be people who provide what people want.

It's the people in society that demand their cheap crap and you want to villainize the people who saw that and made money off of it.

 

[Mac-7]

What role did US involvement in WWI play in creating the Great Depression?

De-Dollarizing the American Financial Empire | Michael Hudson

"The U.S. creditor position really began after World War I, based on the money it lent to the Allies before it joined the war.

"When the war ended, U.S. diplomats told England and France to pay us for the arms they had bought early on. But in the past, for centuries, the victors usually forgave all the debts among each other once a war was over.

"For the first time, America insisted that the Allies pay for the military support it had sold them before joining them.

"The European Allies were pretty devastated by the war, and they turned to Germany and insisted on reparations that quickly bankrupted Germany.

"German bankrupted its economy trying to pay England and France, which simply sent it on to pay the United States.

"Their balance of payments was in deficit, and their currencies were going down. American investors saw an opportunity to buy up their industry.

"Gold was the measure of power, the backing for domestic money and credit and hence capital investment."

As I recall the Soviets looted every territory under their control after WWII

That contributed to a 50 year communist Depression

Yes capitalists make mistakes such as over investing in the Stock Market and speculating in land in Florida

But capitalists more than make up for their mistakes

 

[Ringo]

Although obscene, the picture perfectly reflects the essence of modern capitalism - the dominance of monstrous monsters in the Matrix, where everything is distorted