View Poll Results: Does it matter Millionaire - Billionaire?

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  • No, they're both too wealthy.

    6 11.76%
  • Yes, it's a big difference.

    32 62.75%
  • Don't care, got mine.

    4 7.84%
  • Peanut butter.

    9 17.65%
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Thread: The Wealth Gap

  1. #11
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    Re: The Wealth Gap

    Quote Originally Posted by faithful_servant View Post
    You still don't explain why you think that way. What's the basis for your thinking?? You already offered up your opinion, but what I'd like to know is what it is that created that opinion. Why do you think that there should be a cap on personal wealth? If it's power, then you're wrong, because you can have massive power without wealth, so limiting wealth does not limit power.
    Because I'm European. In Europe, we made that mistake generations ago. Today, we have aristocracies. Generational wealth. These people don't work for a living. They leave that up to the "working class" (so called for a reason).

    The aristocrats live off their inheritance, the value of their land, and their inherited stock assets. They buy political power and they are above the law.

    These people are a cancer to society, and you should stop it from happening before it infects your whole society.

    What makes America great is that it's a land of opportunity where anyone can make it. Rags to riches. You are losing that.

  2. #12
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    Nobody should be allowed to have a billion dollars. We need an upper-upper tax bracket of 100%.
    How does someone having that much money make your life worse? Don't tell make up things like they corrupt the political system. Just tell me how your life changes today if we seize their money.

  3. #13
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    Re: The Wealth Gap

    Quote Originally Posted by mpg View Post
    but in what context? You already ruled out fairness.
    I only ruled out fairness in the way free markets work, not wanting the thread to devolve into a Capitalism argument. But whether there's a difference between the two in a wealth gap comparison, as earners?
    Einstein, "science without religion is lame, religion without science is blind."

  4. #14
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    As a European, I will offer a few words of caution to you Americans as well.

    What happens if you let too much money accumulate in the hands of a few is you end up with aristocracies. Generational wealth. Like we have in Europe.

    You may never give them titles like Lords and Earls and such, but you will have them all the same. These people don't work for a living. They live off their inheritance. They buy political power and they are above the law.

    These people are a cancer to society, and you should stop it from happening before it infects your whole society.
    If they are doing but living off their inheritance, eventually they'll run out of money. Maybe not in this generation, but someplace down the line, the trust fund go into over-draw and they'll end up selling their family jewels to pay the light bill. Besides, what harm does it do you if they had an ancestor who worked his/her butt off so that they could allow their kids/grand-kids/great-grand-kids, etc. to live without having to work?? Id' love to be able to hand my son a $10,000,000,000 trust fund so that he could whatever he wanted to do and not have to keep flipping burgers for a living. I'd love to see my grand-child (not sure if it's a boy or a girl yet) grow up to spend his/her life traveling the world and seeing everything I never got to see and not have to punch a timeclock every day while missing out on seeing my great-grand-children grow up. What's the harm in that??
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: The Wealth Gap

    Quote Originally Posted by RiverDad View Post
    How does someone having that much money make your life worse? Don't tell make up things like they corrupt the political system. Just tell me how your life changes today if we seize their money.
    Less collusion in the stock market

    Fewer paid-for presidents and senators (Kennedy family, Bush family, etc).

    Fewer douchbags driving ferraris 130mph on the freeway at 2am and not going to jail for it.

    That sort of thing.

  6. #16
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    Re: The Wealth Gap

    Quote Originally Posted by faithful_servant View Post
    If they are doing but living off their inheritance, eventually they'll run out of money. Maybe not in this generation, but someplace down the line, the trust fund go into over-draw and they'll end up selling their family jewels to pay the light bill. Besides, what harm does it do you if they had an ancestor who worked his/her butt off so that they could allow their kids/grand-kids/great-grand-kids, etc. to live without having to work?? Id' love to be able to hand my son a $10,000,000,000 trust fund so that he could whatever he wanted to do and not have to keep flipping burgers for a living. I'd love to see my grand-child (not sure if it's a boy or a girl yet) grow up to spend his/her life traveling the world and seeing everything I never got to see and not have to punch a timeclock every day while missing out on seeing my great-grand-children grow up. What's the harm in that??

    Jesus what a naive country you are.

    Read some history books. There have been entire societies ruled by aristocrats. They take power because they have the means. The United States is in danger of becoming that today.

    The biggest thing is that someone with a billion dollars to blow can use that to buy political favors. When it comes from someone who hasn't worked a day in his life, then you get poor leadership.

    The good thing about America is that new money always works hard. Old money hardly ever does.

  7. #17
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    Re: The Wealth Gap

    It doesn't matter either way to me. The economy isn't a zero-sum game, and the fact that one individual has millions of dollars doesn't mean that others have less than they would have had otherwise.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

  8. #18
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    Re: The Wealth Gap

    Quote Originally Posted by grip View Post
    I only ruled out fairness in the way free markets work, not wanting the thread to devolve into a Capitalism argument. But whether there's a difference between the two in a wealth gap comparison, as earners?
    So you're asking if billionaires have more leverage than millionaires?
    If you expect people to be rational, you aren't being rational.

  9. #19
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    As a European, I will offer a few words of caution to you Americans as well.

    What happens if you let too much money accumulate in the hands of a few is you end up with aristocracies. Generational wealth. Like we have in Europe.

    You may never give them titles like Lords and Earls and such, but you will have them all the same. These people don't work for a living. They live off their inheritance. They buy political power and they are above the law.
    I think in Britain alone, 96% of the land is owned by just 3% of the people. I'm sure the numbers are similar in other countries. As you already mentioned, this plays a huge role in the distribution of wealth and power over the economy and government.


    These people are a cancer to society, and you should stop it from happening before it infects your whole society.
    It has infected society since the dawn of agriculture. When we privatize the commons we take the wealth of the Earth from everyone else to benefit just a few. Through land dues, we can reverse the widening gap and return the wealth of the Earth to all.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

  10. #20
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    Re: The Wealth Gap

    Quote Originally Posted by grip View Post
    I only ruled out fairness in the way free markets work, not wanting the thread to devolve into a Capitalism argument. But whether there's a difference between the two in a wealth gap comparison, as earners?
    Many have become Millionaires from well run businesses that used laborers to add value to some product. They are/were making jobs. Billionaires make money by shuffling paper. Bonds, stocks, hedges, warrnats, futures, etc. and if they create a demand for any honest labor, I don't see it. An example is the recent "too big to fail" bank bailout. Trillions of dollars went to these banks. Did that create jobs? No. Why wasn't the money targetted to labor intensive recovery options? I'd guess political influence was used by these same "too big to fail" banks. The power of big money. I've seen discussion of EU aristocracy on the board and I believe we have been there a long time. JD Rockefeller had a billion dollars in `1913 and the US budget was $813 million. Who had the power. Rockefeller had sons that were also good businessmen and do politics, banks, energy corporations, etc. David Rockefeller is alleged to be the driving force behind tha NWO. Aristocracy?

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