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Thread: 5 tycoons who want to close the wealth gap

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by jonny5 View Post
    They spend tens of millions lobbying for these 'suggestions' too, instead of spending it on actually helping people.
    It honestly wouldn't shock me if they were arrogant enough to believe that they are their own lobbyists.

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by GottaGo View Post
    When I see them voluntarily signing over the majority of their wealth to low income groups or voluntarily paying more on their taxes then they are required to, perhaps I'll bother to listen to them.

    Until then, it's just a droning in my ears.
    I don't really expect, nor desire them turning over their wealth. It also wouldn't be fair for them alone to pay more personal income taxes.

    It's the message of promoting industries to consider the employee, more of an asset by paying better wages and benefits, rather than simply relegating them as disposable resources. These employees are the same people who support corporations with purchases.

    If I were King of all the companies of the world and someone ask me, "Would you rather outsmart everyone, and take their money to the point of breaking the system, or do you want to be King of 'well to do' people?" I wouldn't want to rule a world full of bums, because I made them that way. That's not even a question and it only makes sense that some of the corporate money, put back into the economic cycle, would benefit everyone from corporations, governments to workers.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by grip View Post
    5 tycoons who want to close the wealth gap

    Five billionaires that GET IT, that if average people don't have enough money, they can't buy their products

    Warren BUFFETT: THE BILLIONAIRE PIED PIPER

    Buffet advocated for a progressive estate tax before members of Congress, saying in 2007, "Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progressive and meaningful estate tax is needed to curb the movement of a democracy toward plutocracy."

    Ron UNZ: THE REPUBLICAN WHO FAVORS A RAISE

    Frustrated with the gridlock in Congress, Unz is pouring his own money into a November ballot measure that would increase the minimum wage in California to $12 an hour in 2016.

    At that level, he said in an interview with The Associated Press, "every full-time worker would be earning almost exactly $25,000 and every full-time worker couple $50,000. Under normal family circumstances, those income levels are sufficiently above the poverty threshold that households would lose their eligibility for a substantial fraction of the various social welfare payments they currently receive, including earned-income tax credit checks, food stamps and housing subsidies."

    Unz, whose fortune comes from founding Wall Street Analytics Inc., argues that by not paying a living wage, companies are forcing the government to subsidize them through massive welfare spending.

    Nick HANAUER: HELPING PEOPLE BUY WHAT AMAZON SELLS

    Seattle venture capitalist Nick Hanauer believes the growing wealth gap threatens the economic system that has given him his wealth.

    If no one can afford to buy what he's selling, the jobs his companies create will evaporate, he reasons. In his view, what the nation needs is more money in the hands of regular consumers.

    "A higher minimum wage is a very simple and elegant solution to the death spiral of falling demand that is the signature feature of our economy," he said in an interview with the AP last summer.

    Steve SILBERSTEIN: THE QUIET ADVOCATE

    Silberstein took a step into the spotlight when he produced the documentary "Inequality for All," featuring former U.S. Labor Secretary Robert Reich. It premiered last year at the Sundance Film Festival.

    "He's one of the quiet leaders of the entire movement toward wider prosperity," Reich said. "An increasing number of wealthy businesspeople are becoming concerned that the economy can't function without a strong middle class to keep it going."

    Silberstein told the AP his views are not so different from that original American industrialist, Henry Ford, who famously paid his factory workers enough to purchase one of the cars that came off his assembly line.

    "As a result he became rich," Silberstein said. "If the economy goes well, everybody does well, including the wealthy."

    Leo HINDERY: THE TITAN WHO WANTS TO PAY MORE TAXES

    The 66-year-old argues that giving rich people tax breaks makes no economic sense because people like him don't put their extra dollars back into the economy.

    "Do you think I don't own every piece of clothing, every automobile? I already have it. You spend money. Rich people just get richer," he told the AP.

    Hindery credits his Jesuit upbringing with giving him the tools to look beyond his own economic advantages.

    "How can we believe in the American dream when 10 percent of the people have half the nation's income? It's immoral, I think it's unethical, but I also think that it's bad economics," Hindery said. "The only people who can take exception to this argument are people who want to get super rich and don't care what happens to the nation as a whole."


    More politicians should read this article, to get a hint at what's wrong with the economy.
    In spite of the umbrage some posters are taking at the five billionaires you mention,
    there is no question that this is a good faith attempt at starting a dialogue that needs to be started, by you and the billionaires.
    I commend you for that .
    Physics is Phun

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by Gipper View Post
    Where are you seeing "suggestions"? They're trying to legislate policy.

    On what planet is that a suggestion? Can I choose which laws to follow?
    I thought we were discussing the "rich guys" list that started with Buffet. None of them can legislate anything, they can only opinionate© just like we can. Nothing we discuss here becomes law because we suggest it. Neither does Mr. Buffet et al.

    If I'm missing your point, please explain and I will read it carefully.


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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by grip View Post
    I don't really expect, nor desire them turning over their wealth. It also wouldn't be fair for them alone to pay more personal income taxes.

    It's the message of promoting industries to consider the employee, more of an asset by paying better wages and benefits, rather than simply relegating them as disposable resources. These employees are the same people who support corporations with purchases.

    If I were King of all the companies of the world and someone ask me, "Would you rather outsmart everyone, and take their money to the point of breaking the system, or do you want to be King of 'well to do' people?" I wouldn't want to rule a world full of bums, because I made them that way. That's not even a question and it only makes sense that some of the corporate money, put back into the economic cycle, would benefit everyone from corporations, governments to workers.
    It's the hypocrisy of people like them, who are all about 'do what I say, not what I do'. No one is forcing them to do turn over their wealth, but if their concern was genuine, THEY would take the lead, instead of thinking everyone else should.
    Building block or stumbling block.... choose.

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by NIMBY View Post
    In spite of the umbrage some posters are taking at the five billionaires you mention,
    there is no question that this is a good faith attempt at starting a dialogue that needs to be started.
    I commend you for that .
    We can't force corporate entities to treat people better, wage wise. They have to come to that conclusion themselves, maybe when they start eating each other up because of lack of sales and profits? Oooops,,, already happening.

    Destroying the middle class for the sake of a form of capitalism, turned into plutocracy, will be the ruin of Western dominance and success.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by GottaGo View Post
    It's the hypocrisy of people like them, who are all about 'do what I say, not what I do'. No one is forcing them to do turn over their wealth, but if their concern was genuine, THEY would take the lead, instead of thinking everyone else should.
    I'd rather have a misguided hypocrite on my side, than an honest opponent that destroys me. At least I could eventually appeal to the hypocrite, the opponent that destroys, leaves obliteration in their wake.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by grip View Post
    I'd rather have a misguided hypocrite on my side, than an honest opponent that destroys me. At least I could eventually appeal to the hypocrite, the opponent that destroys, leaves obliteration in their wake.
    Misguided? No one forced them to take the route they did in getting where they are. They chose that path. Hard work and taking advantage of every opportunity, to turn around and say 'well, I've got mine, now you all should not do what I did and be fair to people.'

    Until they walk the walk, what they have to say is meaningless.
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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by specklebang View Post
    I thought we were discussing the "rich guys" list that started with Buffet. None of them can legislate anything, they can only opinionate© just like we can. Nothing we discuss here becomes law because we suggest it. Neither does Mr. Buffet et al.

    If I'm missing your point, please explain and I will read it carefully.

    The best suggestions are made by example. None of these people are doing what they are suggesting, their lack of action speaks much louder than their words.

    By the way the wealthy are not inherently smarter than the average bipedal hairless monkey.
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    Re: 5 tycoons who want to close the wealth gap

    I can't say it any better than you have.
    At first glance, this looks like round two of philanthropy.
    As one example of Round one, Rockefeller built the road between the Tetons and Yellowstone, an awesome gift to this Nation.

    How many towns/cities are eternally grateful for the Libraries that Carnegie gave them, such as mine?
    I'm not saying that these Gilded Agers were perfect by any means.
    However, they gave back to the Nation and are the inspiration behind so many of the Philanthropic Foundations to come after them .
    Quote Originally Posted by grip View Post
    We can't force corporate entities to treat people better, wage wise. They have to come to that conclusion themselves, maybe when they start eating each other up because of lack of sales and profits? Oooops,,, already happening.

    Destroying the middle class for the sake of a form of capitalism, turned into plutocracy, will be the ruin of Western dominance and success.
    Physics is Phun

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