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Thread: Super rich hold $32 trillion in offshore havens

  1. #21
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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by Hatuey View Post
    In contrast to the 32 trillion dollars in wealth held by the rich:

    15 million children starve to death every year worldwide.
    500 million people in Asia, Africa and Latin America live in poverty.
    1/12 people in the world are malnourished.
    Half the world's population lives in abject poverty.

    But that's all okay because the rich get to keep their money and it eventually trickles down somehow.
    What is this? An appeal to emotion?

    To your stats, so what?

    It isn't the responsibility of those who have wealth to take care of those who don't.

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by grip View Post
    They rob me with ...
    They do not rob you.
    That is hyperbole.

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by Excon View Post
    They do not rob you.
    That is hyperbole.
    Sure they do. There is no competitive pricing in the areas of cost I mentioned. I have no problem with anybody making more money than others in a level playing field but the elite have leveraged everything in their favor and that's a fact. Their greed is blinding their reason and eventually they'll squeeze the system, till it breaks. Almost did it in 2008 and the fix was temporary.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by grip View Post
    Sure they do. There is no competitive pricing in the areas of cost I mentioned.
    Nope! Hyperbole!
    Last edited by Excon; 07-22-12 at 03:49 PM.

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by Excon View Post
    -- It isn't the responsibility of those who have wealth to take care of those who don't.
    No it isn't but the article is about some people avoiding paying their share of tax. I'm a strong believer in rewarding entrepreneurship and hard work but I also think people should pay their fair taxes. I know "fair" can be very subjective but the article is about the amount of money that people are hiding.

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by Excon View Post

    It isn't the responsibility of those who have wealth to take care of those who don't.

    "Muzzle not the ox that treadeth out the grain."
    "The workman is worthy of his hire."

    They didn't make all that wealth with their own lily white hands... I'd say they have some responsibility to share a little more with those who do the scutwork than they've been doing lately.


    Let's look at a scenario with some numbers small enough to be imaginable...

    Boss 1 owns a small business with ten employees. The business turns two million profit a year before labor costs. He pays his employees 25k each a year, for a total of 250k labor, and keeps the other 1.75 million.

    Boss 2 owns a small business with ten employees, and turns two million profit annually before labor costs. He pays his employees 50k each for a total of 500k, and keeps the other 1.5 million.

    Boss1 and Boss2 are both still rich, but one is sharing the wealth a bit more reasonably than the other. Which would you rather work for?

    In recent years I've begun to believe we have too many Boss1 types and too few Boss2 types around. Outsourcing and illegal labor being two cases-in-point.
    Last edited by Goshin; 07-22-12 at 04:05 PM.

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    Re: Super rich hold $32 trillion in offshore havens

    It is long past time to start making arrests. The vast majority of folks doing this are doing it to avoid paying their taxes. We can't afford to let them continue stealing these enormous sums of money from the taxpayers. Ramp up the IRS and bring the hammer down.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: Super rich hold $32 trillion in offshore havens

    Quote Originally Posted by Excon View Post
    What is this? An appeal to emotion?

    To your stats, so what?

    It isn't the responsibility of those who have wealth to take care of those who don't.
    Then why should the masses look out for the wealthy? Why should we respect their right to a large share of the wealth of a productive nation of people? Why should we be their keeper, if their guiding ethic is, "I am an island?"

    You cling to a silly ideological paradigm in the face of clear contrary data. Unless the system can sustain the masses, there's no reason for the masses to sustain the system.

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    Quote Originally Posted by Goshin View Post
    I'm sure they have their justifications. That doesn't make it right, though.

    Most people will never see a million dollars in one place at one time, that is theirs. A billion is a thousand million. A trillion is a thousand billion... a million million.

    Again, I begrudge no man a big paycheck, a McMansion and a fat portfolio.... but isn't there a point where it gets a little ridiculous? Once you have a couple hundred million, more isn't about wealth it is about power. Power and status.

    I know economics is not a zero-sum game... wealth can be created or destroyed. But if somewhere near half the world's GDP is being held in offshore accounts, there ain't much "trickle down" going on!
    What makes it 'right' or 'not right'? Many businesses have admitted to holdin off on hiring and to curtailing spending because they don't trust the government or what is coming next. And can you blame them? It's one thing if they are breaking into poor peoples houses and stealing their pennies. Thats not what is happening. They are amassing wealth legimately and choosing to not reinvest a significant portion at this time. I dot blame them.

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    Quote Originally Posted by grip View Post
    The bankers robbed everyone of hundreds of billions, then went to the government and said, unless you give us another trillion or two we'll collapse the whole system. That bailout money was the tax payers.

    What the rich do is put out a bag with $100 of their money and tell everyone they've got it in a real good investment. Other people add a few dollars here and there, till the bag is stuffed with cash. The rich who put the original $100 in take a few thousand out leaving everyone else to divvy up what's left. That's less money for everyone else to spend in a system shrinking in debt from sticky fingered hoarders.

    They ship out jobs for profit, won't increase pay or benefits and cry poor mouth, while stuffing their bank accounts.
    They rob me with rent/mortgage, fuel and food costs, cable and cell bills, energy and water, insurance and medical, etc etc.

    I don't want to necessarily amass wealth, I just want to survive.
    Of course...THAT'S what happened. The banks "robbed" you. Good ****ing lord...how pathetic.

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