Should Billionaires Even Exist?

[Ken Mac]

It is not HAVING the money. It is the EARNING that is fun. If one is the type able to do it in the first place.

Yes, people who end up being millionaires and billionaires have a different mindset that's for sure.

Yes. Some people forget that they create JOBS.

They do but I guess my personal opinion is that you would think that their company and especially their employees would be better off if the multi-millionaire or billionaire founder or owner didn’t allow themselves to get to that level because they gave more money back into the company and it’s employees beyond simple employment.

its up to the individual rich person what they do with their money. If you don't like how a CEO acts boycott his business. The government should never tell any person what they must do with their money.

I would agree that the government shouldn’t tell people what to do with their money. I guess my point was that in my opinion if the wealthiest CEO’s were to reinvest their wealth into their employees and the communities that their employees live it would help create a more stable life for millions of people across the country. Many CEOs are philanthropists, I’m aware of that, but if you are a multi-millionaire or especially a billionaire business owner or CEO I personally think that you have more to share. Money is not the end all be all and so I’m not saying employees need to be millionaires or anything like that but many large companies have employees that are barely making it by while the top executives have generational wealth. I’m not saying to force them to do anything but I am saying that I personally believe that they should close that gap more between them. I know I would if I were in that position.

The problem with redistribution is that 80% of our country are not good stewards of wealth. This has been proved time and time again with highly paid athletes, earning more than 99.99% of the people in the us earn in a lifetime, ending up broke. I'm just very grateful and fortunate to have been born in the US. I'm glad our country has a lot of wealth. We need to share it more with the world and less with ourselves. If we can do it properly without all the corruption in other countries we could do the most to improve the Human condition for many, many more people.

 

[ChrisL]

Everyone posting here MUST know that it is not illegal for congressmen to participate in insider trading, right? These ignorant leftists are blaming the wrong people.

Why Congressional Insider Trading Is Legal - and Profitable | Investment U

How to Trade Like a Congressman
Unlike our elected representatives, corporate insiders do have to disclose their trades online. If an executive wants to buy or sell stock in their own company, they have to file a Form 4 with the SEC. Then you can find that form in a searchable database on this website.

Washington weaseled its way out of this simple disclosure requirement. But the private sector still has to abide by it.

Good investing.

 

[Brain357]

Most expensive and not one of the best.

http://worldpopulationreview.com/countries/best-healthcare-in-the-world/

 

[Redfish]

no, I am not. do some research before making a fool of yourself on a public message board.

Your stupid level is impressive.

Health care in the U.S. most costly in the world by far

so you post a propaganda piece from a left wing rag as proof? LOL, you continue to make a fool of yourself and are too dumb to realize it.

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

 

[Brain357]

Your stupid level is impressive.

Health care in the U.S. most costly in the world by far

so you post a propaganda piece from a left wing rag as proof? LOL, you continue to make a fool of yourself and are too dumb to realize it.

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

So now you figured out we are the most expensive, good. So you were lying.

 

[Blackrook]

Should Lakhota even exist?

That's what I want to know.

 

[ChrisL]

Your stupid level is impressive.

Health care in the U.S. most costly in the world by far

so you post a propaganda piece from a left wing rag as proof? LOL, you continue to make a fool of yourself and are too dumb to realize it.

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

 

[Ray From Cleveland]

It is not HAVING the money. It is the EARNING that is fun. If one is the type able to do it in the first place.

Yes, people who end up being millionaires and billionaires have a different mindset that's for sure.

Yes. Some people forget that they create JOBS.

They do but I guess my personal opinion is that you would think that their company and especially their employees would be better off if the multi-millionaire or billionaire founder or owner didn’t allow themselves to get to that level because they gave more money back into the company and it’s employees beyond simple employment.

its up to the individual rich person what they do with their money. If you don't like how a CEO acts boycott his business. The government should never tell any person what they must do with their money.

I would agree that the government shouldn’t tell people what to do with their money. I guess my point was that in my opinion if the wealthiest CEO’s were to reinvest their wealth into their employees and the communities that their employees live it would help create a more stable life for millions of people across the country. Many CEOs are philanthropists, I’m aware of that, but if you are a multi-millionaire or especially a billionaire business owner or CEO I personally think that you have more to share. Money is not the end all be all and so I’m not saying employees need to be millionaires or anything like that but many large companies have employees that are barely making it by while the top executives have generational wealth. I’m not saying to force them to do anything but I am saying that I personally believe that they should close that gap more between them. I know I would if I were in that position.

Most employees who work for larger companies with such CEO's have stock. If you want to earn money according to company profits, you can buy stock in your company.

 

[dblack]

so you post a propaganda piece from a left wing rag as proof? LOL, you continue to make a fool of yourself and are too dumb to realize it.

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

 

[ChrisL]

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

 

[Ray From Cleveland]

They do but I guess my personal opinion is that you would think that their company and especially their employees would be better off if the multi-millionaire or billionaire founder or owner didn’t allow themselves to get to that level because they gave more money back into the company and it’s employees beyond simple employment.

its up to the individual rich person what they do with their money. If you don't like how a CEO acts boycott his business. The government should never tell any person what they must do with their money.

What do you think the board libs would say if they were lucky enough to be that rich? Never get an answer to that one.

its also funny that they never criticize with the idiot millionaires in hollywood do with their money, or the rich liberals in congress do with theirs.

hypocrites, every one of them.

Actually any kind of entertainment. They have a problem when a CEO gets paid 5 million dollars a year, but no problem when their favorite actor gets paid 10 million for one single movie.

Years ago I bought a new television. I usually don't watch the boob tube outside of news programs. So I got involved with the Big Bang Theory show, and started watching all the reruns. After I really started to enjoy the show, I looked up the actors to see who they were and what they were about.

I found that each main actor got paid over a million dollars per episode. They also got a bunch of other perks like pay for reruns and things like that. How much work does it take to make a half-hour show? Take out the commercials, it's more like 22 minutes of work. One million dollars to work 22 minutes a week.

It's the same with sports. When you look onto a baseball or football field, you are looking at a field of millionaires who are playing a kids game. It's estimated that Mick Jagger is worth over 350 million dollars for singing.

I thinks it says a lot about a society when its athletes and entertainers are the highest paid people.

Not really because they provide a product that millions like. It's really no different than any other product.

Economist Walter E Williams said that when teaching, he was often asked by his students what was the key to financial success? He said it's quite simple really: Please your fellow man.

You make a great pizza, so people ask if you would make pizza's for their parties, and you please your fellow man by the dozens. Eventually you open up your own pizza parlor, and you please your fellow man by the thousands. Then you franchise your pizza parlors and please your fellow man by the tens of millions. Each step of the way, the more of your fellow man you please, the more financially successful you will be.

 

[Ray From Cleveland]

so you post a propaganda piece from a left wing rag as proof? LOL, you continue to make a fool of yourself and are too dumb to realize it.

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

Once government is able to control our healthcare and energy, they will have the ability to control the conduct of each and every one of our lives. It's why they want to control those two things so badly.

 

[Toddsterpatriot]

They create a bill of 250K for a surgery, accept a medicare or insurance payment of 80K and then claim a tax loss for the other 170K.

You can't claim a tax loss based on an imaginary price.
If the depreciation expense on the surgery equipment and operating room, doctor's and nurse's salaries, blood, oxygen, anesthesia, insurance, recovery room, etc., etc., etc., comes to $60,000...they have a net profit of $20,000, whether they billed $80,000.....$250,000 or $1 million.

Look at any hospital's balance sheet, you will see that I am correct. None of them shows a profit for tax purposes. Now, you are correct that they actually make a profit, but they pay no corporate taxes because of the way they account for costs and revenue.

Look at any hospital's balance sheet, you will see that I am correct

A balance sheet shows assets and liabilities. Not cash flow or income.

None of them shows a profit for tax purposes.

Most are non-profit. But if your tax claim was true, it would still have nothing to do with imaginary prices.

but they pay no corporate taxes because of the way they account for costs and revenue.

Again, nothing to do with accepting an $80,000 payment for a $60,000 expense originally billed at $250,000.

not sure what you are arguing about. we are in agreement that medical facilities overcharge. That is a different topic from how they avoid federal taxes.

not sure what you are arguing about.

Accounting.

Saying I'm going to charge you $1000 to mow your lawn and then writing down my bill to $20 does not give me a tax loss of $980 as far as the IRS is concerned.

actually it does. all you have to do is put the $980 in the bad debt column of your P&L sheet and you have a tax loss. That is exactly what hospitals do today.

to the IRS I owed you 1000 but only paid 20. It doesn't matter that it only cost you 15 to mow my grass. accounting 101

actually it does. all you have to do is put the $980 in the bad debt column of your P&L sheet

$980 versus $1000?
Still $20 in revenue.

and you have a tax loss.

You should try putting that into a tax software program, just for fun.

to the IRS I owed you 1000 but only paid 20.

What income do I declare? $1000, $20 or -$980?

If your boss promised you a $2000 bonus and only paid you $1000, do you report income of $2000, $1000, $0 or a $1000 deduction?

 

[dblack]

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

 

[Brain357]

It’s a well known fact. I notice you post nothing. You are a joke, stop the lying,

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Markets don’t work with healthcare. Ours is the most expensive by far and still not the best. It needs fixing.

 

[Brain357]

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

 

[ChrisL]

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

And that's the way they want it and it is they who allow it.

 

[Brain357]

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

And that's the way they want it and it is they who allow it.

We need campaign finance reform.

 

[dblack]

here is a study done on the satisfaction with the british NHS

https://www.kingsfund.org.uk/sites/...satisfaction_with_NHS_social_care_in_2018.pdf

What country spends the most on healthcare?

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Markets don’t work with healthcare. Ours is the most expensive by far and still not the best. It needs fixing.

Bullshit. Markets become dysfunctional when unscrupulous politicians pollute them with inane regulation. And then these same unscrupulous politicians point to the mess (that they created by interfering) and pretend it's proof that "markets don't work".

 

[dblack]

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

And that's the way they want it and it is they who allow it.

We need campaign finance reform.

LOL - we need government control of EVERYTHING!!! C'mon, Brain - own it!