BrokeLoser
Diamond Member
How could that be if the treasury is taking in record amounts of cash and we’re spending more than ever?
Are you pulling shit from your ass again?
Should Billionaires Even Exist?
- Thread starter Lakhota
- Start date
How could that be if the treasury is taking in record amounts of cash and we’re spending more than ever?
Are you pulling shit from your ass again?
jasonnfree
Gold Member
- May 23, 2012
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The top three billionaires own more wealth than the bottom half of the USA population. This wealth disparity on the side of those of extreme riches has been slowly increasing. A lot of Americans have come to believe that these guys deserve all this loot because they work harder and smarter than the rest of us. When does it stop? When the top two or three own 70%? 80% of the wealth?
PolitiFact - Bernie Sanders: Bill Gates, Jeff Bezos, Warren Buffett have more wealth than bottom half of U.S.
PolitiFact - Bernie Sanders: Bill Gates, Jeff Bezos, Warren Buffett have more wealth than bottom half of U.S.
BrokeLoser
Diamond Member
Why do you greedy beggars care what your neighbor earns / has?
Tell me, how does your neighbor achieving more than you, earning more than you, possessing more than you affect your life and or wealth potential?
How does Jeff Bezos stand in your way?
rightwinger
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He always pulls shit from his ass and post it on the Internet. That is why I never pay any attention to his garbage. He is confused about everything.
Last edited:
Hitler had the same idea except it was Jews.
You know what’s not cool anymore? Billionaires.
Alexandria Ocasio-Cortez and Elizabeth Warren believe some Americans have too much money, and they’re not alone
Their very existence is now the subject of political debate, sparked most recently by tax-the-rich proposals from two prominent politicians.
Sen. Elizabeth Warren (D-Mass.) proposed placing a 2 percent tax on wealth over $50 million and 3 percent on assets over $1 billion. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said she wants to increase the marginal tax rate on those earning more than $10 million a year.
Their ideas went viral, starting a mainstream conversation about inequality and wealth.
This kind of talk has always existed among a certain group of hard-core progressives and left-leaning economists, but heading into next year’s presidential election, the idea that the super-rich should pay their fair share is gaining real momentum.
Marshall Steinbaum, a research director at the left-leaning Roosevelt Institute, has advocated taxing the rich at higher rates for years. “We do not need billionaires,” Steinbaum told HuffPost. “The economy’s done better without billionaires in the past.”
For Steinbaum, higher taxes on the wealthy would mean freeing up more money for everyone else. If you think of the economy as a pie, right now, billionaires are getting just about all of it, while we’re all left splitting just one slice.
If you raise taxes on the richest, their incentive to grab at every morsel declines. The theory is they’ll fight a little less hard to depress everyone else’s wages if they know that every extra million is going to get taxed away. A high-paid CEO has less incentive to keep workers’ wages low so he can get a bigger payday.
Billionaires were once a rare breed. In the past few decades, as the U.S. has slashed tax rates, their numbers have exploded, far outpacing inflation.
Since 2008, the number of billionaires in the world has doubled, according to a report published last week by the anti-poverty nonprofit Oxfam. In just the last year, billionaires raked in an astonishing $2.5 billion each day.
In 1982, the first year Forbes debuted its list of the 400 richest Americans, there were about a dozen billionaires. The richest man in the U.S. back then was an 85-year-old shipping magnate with an estimated worth of $2 billion, or $5.2 billion in today’s dollars.
"We do not need billionaires. The economy’s done better without billionaires in the past."
--Marshall Steinbaum, Roosevelt Institute
Nowadays, Forbes’ list is entirely billionaires. The richest is Amazon founder Jeff Bezos, worth $160 billion.
More: Should Billionaires Even Exist?
I agree! Billionaires aren't cool anymore! The playing field is tilted like the Titanic before it went down. There is no logical reason for so few to have so much. What do you think?
Actually, I would argue that poor people shouldn’t exist.
it is much more difficult to become a billionaire than it is to be poor. Most billionaires contribute much more to society than poor people. Billions create jobs, technology and many donate billions to the greater good.
if you looking to eliminate a wealth class, I’d get rid of the poor people.
If we took all the poor people, put them on an island somewhere, nobody would be missed. In fact, since they cause most of the violent crime, our society would benefit greatly. If we took all the wealthy and did the same thing, the country collapses.
Who said it was an idea? I just pointed out the value that wealthy people in our society represent, and the lack of value our poor people have.
In your world during 911 you think the stockbroker running out of the building is worth 10 firemen going into the building..
And you don't think all people were created equally...
Jesus said forsake worldly goods, bloody losers...
Lets be very clear you worship the dollar and not God..
rightwinger
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The treasury always takes in more cash over time. It is a function of economic and population expansion
We are also taxing corporations and the one percent at the lowest rate in decades
Ray From Cleveland
Diamond Member
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Which is why we have the best economy in decades. 2+2=4.
skookerasbil
Platinum Member
Maybe the dumbest thread Ive ever seen in this forum.
In the history of humankind, there have always been "billionaires".......only bobbleheads get angst about it! Always has been..........always will be. Tough shit on the bobbleheads!
In the history of humankind, there have always been "billionaires".......only bobbleheads get angst about it! Always has been..........always will be. Tough shit on the bobbleheads!
BrokeLoser
Diamond Member
Shouldn’t you and jasonnfree get your tens of millions of pet wetbacks and lowlife degenerates to contribute something before you start begging for more from those already paying your way?
- The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
- The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).
skookerasbil
Platinum Member
Oh Gawd......its always the people who are perpetually miserable and jealous who get freaked out by billionaires or anybody who is more successful than them. For Christsakes......buckle up your chinstrap and go out there and stop being a loser!
easyt65
Diamond Member
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'Should Billionaires Even Exist?'
Wealth / Success Envy
Class Warfare
An indication of the belief / desire to have the power to Impose one's will on others
...years ago several Democrats declared 'Americans should only be allowed to keep a certain amount of THEIR money, and the rest should go to the Government ...(which they define as THEMSELVES...and of course THEY wanted to be the ones to decide how much that is / was and impose that definition / enforcement on the American people).
This sentiment was echoed, of course, by Barak Obama.
It is not by coincidence or chance his disciples / the duped sheep are repeating it now.
Wealth / Success Envy
Class Warfare
An indication of the belief / desire to have the power to Impose one's will on others
...years ago several Democrats declared 'Americans should only be allowed to keep a certain amount of THEIR money, and the rest should go to the Government ...(which they define as THEMSELVES...and of course THEY wanted to be the ones to decide how much that is / was and impose that definition / enforcement on the American people).
This sentiment was echoed, of course, by Barak Obama.
It is not by coincidence or chance his disciples / the duped sheep are repeating it now.
skookerasbil
Platinum Member
Indeed.......a very small % of voters make up these hate America-types. They are politically insignificant which is the only thing that matters.
Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Hitler had the same idea except it was Jews.
You know what’s not cool anymore? Billionaires.
Alexandria Ocasio-Cortez and Elizabeth Warren believe some Americans have too much money, and they’re not alone
Their very existence is now the subject of political debate, sparked most recently by tax-the-rich proposals from two prominent politicians.
Sen. Elizabeth Warren (D-Mass.) proposed placing a 2 percent tax on wealth over $50 million and 3 percent on assets over $1 billion. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said she wants to increase the marginal tax rate on those earning more than $10 million a year.
Their ideas went viral, starting a mainstream conversation about inequality and wealth.
This kind of talk has always existed among a certain group of hard-core progressives and left-leaning economists, but heading into next year’s presidential election, the idea that the super-rich should pay their fair share is gaining real momentum.
Marshall Steinbaum, a research director at the left-leaning Roosevelt Institute, has advocated taxing the rich at higher rates for years. “We do not need billionaires,” Steinbaum told HuffPost. “The economy’s done better without billionaires in the past.”
For Steinbaum, higher taxes on the wealthy would mean freeing up more money for everyone else. If you think of the economy as a pie, right now, billionaires are getting just about all of it, while we’re all left splitting just one slice.
If you raise taxes on the richest, their incentive to grab at every morsel declines. The theory is they’ll fight a little less hard to depress everyone else’s wages if they know that every extra million is going to get taxed away. A high-paid CEO has less incentive to keep workers’ wages low so he can get a bigger payday.
Billionaires were once a rare breed. In the past few decades, as the U.S. has slashed tax rates, their numbers have exploded, far outpacing inflation.
Since 2008, the number of billionaires in the world has doubled, according to a report published last week by the anti-poverty nonprofit Oxfam. In just the last year, billionaires raked in an astonishing $2.5 billion each day.
In 1982, the first year Forbes debuted its list of the 400 richest Americans, there were about a dozen billionaires. The richest man in the U.S. back then was an 85-year-old shipping magnate with an estimated worth of $2 billion, or $5.2 billion in today’s dollars.
"We do not need billionaires. The economy’s done better without billionaires in the past."
--Marshall Steinbaum, Roosevelt Institute
Nowadays, Forbes’ list is entirely billionaires. The richest is Amazon founder Jeff Bezos, worth $160 billion.
More: Should Billionaires Even Exist?
I agree! Billionaires aren't cool anymore! The playing field is tilted like the Titanic before it went down. There is no logical reason for so few to have so much. What do you think?
Actually, I would argue that poor people shouldn’t exist.
it is much more difficult to become a billionaire than it is to be poor. Most billionaires contribute much more to society than poor people. Billions create jobs, technology and many donate billions to the greater good.
if you looking to eliminate a wealth class, I’d get rid of the poor people.
If we took all the poor people, put them on an island somewhere, nobody would be missed. In fact, since they cause most of the violent crime, our society would benefit greatly. If we took all the wealthy and did the same thing, the country collapses.
Who said it was an idea? I just pointed out the value that wealthy people in our society represent, and the lack of value our poor people have.
In your world during 911 you think the stockbroker running out of the building is worth 10 firemen going into the building..
And you don't think all people were created equally...
Jesus said forsake worldly goods, bloody losers...
Lets be very clear you worship the dollar and not God..
Who said you can't worship both? Hard work and wealth created this great country of ours. I'm far from wealthy, but realize the value wealth plays in our society. The only people that hate wealth are those who are envious of people that acquired it. I just never understood that mentality. Because the poor didn't erect all those huge buildings downtown. The poor don't support the thousands of charities we have in this country and outside of our borders. The poor can't give you a job. The poor can't almost entirely support our federal government, the wealthy do that, since the top 20% of wage earners in this country pay well over 80% of all collected income tax. The poor can't create the products that make our lives more comfortable and convenient.
So I just don't get it. I've always looked up to people that did better than I without any jealousy. I don't hate them, I admire them.
It all reminds me of years ago when I was a teacher at a music store. One day, an otherwise happy go lucky student came for lessons, and he was all bummed out, like he had no desire to be there. When questioned, he told me he was depressed because he went to a bar, and seen another guitarist that was better than him. I told him the hard facts of life: There is always going to be somebody with more money, a bigger D, and can play better guitar than you. Next week, the only person you have to be better than is the person sitting next to me now. I talked to him most of his lesson time, but the following week, he came to my studio with an entirely different attitude.
At the moment US is borrowing 1 Trillion a year to maintain 2.1% GDP Growth... This all on top of
That is not good economic numbers never mind 'best'...
Real Indicators are not that great, not terrible but nothing to hang your hat on either...
You can shout all you like about the unemployment rate but the Labour Participation Rate hasn't really moved in three years
Ray From Cleveland
Diamond Member
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It's moved, but not nearly as much as it should. Remember us baby boomers are in the process of retiring. We have a huge drug problem in this country, and more and more companies are requiring drug screening for their employees to obtain or keep their job. I'm not crazy about the deficits or debt either, but there is not a strong enough demand for the politicians to do anything about it. DumBama put us 10 trillion in the hole, and if he could have run for a third term, he probably would have been elected again.
Our spending is to fund all those wonderful social programs we have, and now it's a problem. What's the Democrat solution? Create more social programs.
easyt65
Diamond Member
- Aug 4, 2015
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Thanks to the economic policies and tax break from President Trump, the Treasury Department just collected the most tax revenue in US history....and yet with all of that surplus the Democrat-controlled House - which controls the budget, the spending, the 'purse strings', the economy - could not balance the budget and / or pay down any of our record debt....perhaps they were too busy attempting their desperate coup....
rightwinger
Award Winning USMB Paid Messageboard Poster
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Sorry, don’t feel like arguing with bigots today
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