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. #81
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    Re: The Wealth Gap

    Quote Originally Posted by RiverDad View Post
    If wealth is finite and if we agree that there is a lot of wealth inequality in the world today, then imagine how awful the wealth inequality was during the Roman Era. All of that finite wealth spread amongst fewer people alive during that era and with only a few wealthy people, those guys must have each been as wealthy as Croesus.
    You're failing to make a point so badly that I can't even see the point you were aiming for.

  2. #82
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    Re: The Wealth Gap

    Quote Originally Posted by the_recruit View Post
    You're failing to make a point so badly that I can't even see the point you were aiming for.
    What is the finite limit on wealth?

  3. #83
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    Re: The Wealth Gap

    Quote Originally Posted by RiverDad View Post
    What is the finite limit on wealth?
    There's not a limit on wealth. At any given time X amount of wealth exists. X is a finite number.

  4. #84
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    Re: The Wealth Gap

    I think people who demand the rich pay more are just jealous of what they achieved. I dont mind the wealth gap at all, I dont see anything wrong with it because it rewards those who work hard and are lucky as opposed to lazy people who just want something for nothing.

  5. #85
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    Re: The Wealth Gap

    Quote Originally Posted by grip View Post
    The other wealth gap

    "From an economic perspective, the most dramatic wealth gap is between middling millionaires, who have seen only modest gains, and the booming billionaires, who now seem to defy economic gravity. It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else.


    The big winners are those in the top 0.01 percent. These folks, who have a net worth of more than $100 million. How are they doing it? The top 0.01 percent are stock-market winnersóCEOs, bankers, entrepreneursówho are riding financial markets to outsize gains. The rest of the top 1 percent are often mere wage earners."



    Does this matter in your opinion of who's really "leveraging" the system in their favor?

    I'm not getting into whether.. it's fair or not.. to be able to use your incredible wealth ($1 billion+) to manipulate markets, but rather> do you see a difference in the gaps?


    A billionaire has more power and control than a millionaire, who in turn has more power and control than the rest of us...

  6. #86
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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.


    How exactly can you achieve power without wealth?

  7. #87
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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.


    It already has..

  8. #88
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    Wealth and success are laudable when they're earned in an honest way. If they're earned at the expense of someone else, or at the expense of the environment, then they're not so laudable at all.

    Likewise, there's no pat on the back deserved for someone who merely inherited their wealth. Generational wealth does nothing to help society and, as a matter of fact, it can be quite destructive.
    "And so in conclusion, ALL BILLIONAIRES ARE LYING CHEATING CROOKS WHO GOT THEIR MONEY ON THE BACKS OF THE LITTLE GUY."

    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #89
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    Re: The Wealth Gap

    Quote Originally Posted by grip View Post
    The other wealth gap

    "From an economic perspective, the most dramatic wealth gap is between middling millionaires, who have seen only modest gains, and the booming billionaires, who now seem to defy economic gravity. It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else.


    The big winners are those in the top 0.01 percent. These folks, who have a net worth of more than $100 million. How are they doing it? The top 0.01 percent are stock-market winnersóCEOs, bankers, entrepreneursówho are riding financial markets to outsize gains. The rest of the top 1 percent are often mere wage earners."



    Does this matter in your opinion of who's really "leveraging" the system in their favor?

    I'm not getting into whether.. it's fair or not.. to be able to use your incredible wealth ($1 billion+) to manipulate markets, but rather> do you see a difference in the gaps?
    If you want to talk a wealth gap watch this video on America's disappearing middle class by Bill Maher.

    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

  10. #90
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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.
    Thought you were from Dallas?

    Also, what do you propose it should be done with the aristocrats?
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

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