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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 Objective Voice View Post

    Problem: Once the majority of industry lay in the hands of a small few, it becomes increasingly difficult for others to jump into the market. Put simple: the big fish quickly gobble up the little fish either through out-pricing them or buying them out. But that's on the side of dwindling competition. Consumers are the bigger threat to perpetual profits.
    In 12,000 years of capitalism, we still havent gotten to that point. So why would we think that would ever happen? Capitalism is self correcting if you leave it alone.

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    Re: 5 tycoons who want to close the wealth gap

    I get so sick of the bloated rich people spouting off like buffet.

    buffet thinks he should pay more taxes yet takes every single write off that he can to pay the least amount of taxes possible. doesn't he realize that he can cut a check straight to the US treasury put down on the check what it is for? yet he doesn't do it yet he thinks he should pay more.

    People are always complaining about amazons pay for their workers depending on the position 8-10 dollars unless you are managment. so if the guy thinks they should make more than why doesn't he pay it himself? why does he need government to force him to pay it?

    lip service is all this non-sense is. let them walk the talk.

    they won't do it. all talk no action, but it makes people drool of how good these guys are.

    Rockefeller, Carnegie, JP Morgan, etc ... spent years and year building a massive fortune of wealth. so large that the 3 of them combined held more money than that federal budget in multiple years. they then toward the end of their life decided to give it away.

    these guys just do lip service and see what i say. when it comes down to it they won't put their money where their mouth is.

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    Re: 5 tycoons who want to close the wealth gap

    Oh, yeah, these are rich guys that get it! LOL! NOT! These guys don't get it and are A-holes. If they got it, they would give their own money and not try to get legislation passed to take money away from people that have earned it. What a bunch of jerks.
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    Re: 5 tycoons who want to close the wealth gap

    It makes total sense for the people at the top to advocate narrowing the gap. I mean, unless they were talking about 95% capital gains taxes (which they aren't) or 100% estate taxes (which they aren't), small dents in their wealth are going to be completely unnoticeable.

    The gap itself has only grown through inflation (a bad thing) and wealth creation (a good thing!). Zero, on the other hand, has stayed zero, due to the laws of mathematics.

    To reiterate that point - the ceiling has gone up while the floor stayed the floor.

    The richest of the rich will continue to be (practically) infinitely richer than the poorest of the poor. To say this gap has widened is like saying infinity is more than nothing. Well, duh. We've always known that. So, what is it to them if they reduce their fortunes and control by a tiny, tiny fraction. They stay on top, and by a wide margin.

    They lose nothing, while the cost of entering the market (i.e. new competition) goes up.

    Stupid sheep. Continue believing whatever your chosen team tells you to believe... continue bleating their pre-selected chorus.
    "Political speech and writing are largely the defense of the indefensible. . . . Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness."
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    Re: 5 tycoons who want to close the wealth gap

    Warren Buffett's Deals Come at Taxpayers' Expense - Reason.com

    Perfect example of what we're saying. Buffet calls for govt to force income equality while making sure his own money stays out of taxpayers hands, so he can resell million dollar properties (to minimum wage workers im sure) and aquire more wealth. Capitalism is fine. Being a capitliast while calling for socialism is not.

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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.
    Why is it that every election year we hear Warren Buffets name over and over again and in between we don't?

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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.
    Even if they did that the money would end up back inthe same place in a short amount of time.

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by Mason66 View Post
    Why is it that every election year we hear Warren Buffets name over and over again and in between we don't?
    The Prophet from Omaha is an economic and stock guru, so he's considered politically relevant?
    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 ludin View Post
    I get so sick of the bloated rich people spouting off like buffet.

    buffet thinks he should pay more taxes yet takes every single write off that he can to pay the least amount of taxes possible. doesn't he realize that he can cut a check straight to the US treasury put down on the check what it is for? yet he doesn't do it yet he thinks he should pay more.

    People are always complaining about amazons pay for their workers depending on the position 8-10 dollars unless you are managment. so if the guy thinks they should make more than why doesn't he pay it himself? why does he need government to force him to pay it?

    lip service is all this non-sense is. let them walk the talk.

    they won't do it. all talk no action, but it makes people drool of how good these guys are.

    Rockefeller, Carnegie, JP Morgan, etc ... spent years and year building a massive fortune of wealth. so large that the 3 of them combined held more money than that federal budget in multiple years. they then toward the end of their life decided to give it away.

    these guys just do lip service and see what i say. when it comes down to it they won't put their money where their mouth is.
    Um, Buffet has given away more money than anyone on the planet basically.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: 5 tycoons who want to close the wealth gap

    Quote Originally Posted by Deuce View Post
    Um, Buffet has given away more money than anyone on the planet basically.
    yet complains he doesn't pay enough in taxes while taking every tax deduction possible.

    if he really wants to pay more then well don't claim all those itemized deductions and take the standard deduction that everyone else does.
    write a check to the federal treasury if you don't think the government is getting enough of your money.

    we are not talking about how much money they give away but how much they think they should pay or not pay to the federal government and employee's.

    no it just sounds good in sound bites.

    the guy from amazon thinks people should be paid 13-15 dollars an hour then let his company start doing it because they don't. typical job at amazon pays 8-10 depending.

    just lip service that people eat up and can't see the BS for what it is.

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