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Bill Gates on Wealth

Lafayette said:
TRUMP IS AN ILLEGITIMATE POTUS



Try this one on for size; The Donald LOST THE POPULAR VOTE BY 2.1 MILLION VOTES!

CNN (December, 2016) - It's official: Clinton swamps Trump in popular vote. Excerpt -


A true Democracy exacts only the results of a Popular Plebiscite! "Let's Dump-Trump and the Anachronism called an Electoral College!"

He may be YOUR POTUS but certainly not for all Americans. He is an illegitimate PotUS ...

TWITTER-MAN*:

Sick, sick, sick and sickening ...

*Same source as above.
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We're not a true democracy, and were never meant to be. That you don't know that is astounding!
 
Lafayette said:
The EU and US have the advantages of being large economies, where Demand rarely falters to the point where non-payment of debt occurs.

Of course, that lesson was hard-learned in Europe, because those running the soft-underbelly countries of Europe undertook massive Euro-debt in order to avoid massive unemployment. When interest-rates went above 10% the countries had great difficulties meeting their payments.

The ECB had to come to the rescue - and those countries are still not out of darkness economically ...
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Quite right. And we have yet to see, how things go, when real push comes to hard shove. So far, that has not happened.
 
American said:
We're not a true democracy, and were never meant to be. That you don't know that is astounding!
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He still can't prove his argument of a 100% tax will stop poverty.

They tried something like that in USSR and in cuba. they have a 100% tax basically and the government tells you want you can earn and make.
needless to say poverty runs rampant in those countries.

I have spent time in countries that have really high tax rates. it has yet to eliminate poverty.
 
I suspect that the people who are relatively "self-made" are the same people who we want to have money as they seem to know what to do with it. There are obvious exceptions like people in the entertainment industry who don't have a clue how to generate jobs and growth. And financial types who exploit laws and leave devastation behind. Musk, Cuban, Jobs, and others use their money to invest, create industries that hire people, and grow the economy. They create trickle down. Entertainment types are like the old latifundia system in old Rome and Latin America who spent their money on the own lavish lifestyle, private property, and contributed little to the growth of the economy.

A major problem seems to be inheritance. Those creators of growth die off and leave money for their children who may have limited talent or ability to create more wealth. They are no more deserving of inheriting wealth than anyone else. Warren Buffet had the right idea when he gave his children some money but nothing more. The rich can give their children great education, great genes, great role models but they don't have to give them wealth. Unfortunately, both Democrats and Republicans like the idea of their own children being set for life and don't believe in liberty and equality. The elites remain elite long after they have lost the skills to become elite.
 
joG said:
Quite right. And we have yet to see, how things go, when real push comes to hard shove. So far, that has not happened.
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As regards Europe, it has been through the worst. High unemployment - for instance more than 10% in France.

But, there is no mayhem (except that imported by ISIS). Because the support-system is there. If you are very sick, you don't avoid medical care because the National Health Service will pay for it. If you are going to postsecondary schooling and it wont cost you more than a kilo-euro (plus room 'n board) and you can earn that working over summer. If you want a vocational-skill, its free, gratis and for nothing.

When the Great Recession happened in the US, what was needed immediately was Stimulus Spending. Obama spiked a skyrocketing unemployment at 10% - but we pulled the rug out from under him by handing the HofR over to the Replicants who refused any and all further spending after 2010 when it was still necessary.

The consequence being that NO NEW EMPLOYMENT WAS CREATED BETWEEN 2010 AND 2014. (See that fact corroborated by the Bureau of Labor Statistics here.)

That above idiocy did not happen in Europe, because there was is no Two-Party System that dominates politics as in the US. Each EU country was committed to the objective of to protecting the lower class that were assuming the brunt of the employment damage, which is only now beginning to improve ..
 
joG said:
There are few problems, when the "world" finances you. It is, when they decide to no longer do so or interest rates go up, that the problems occur.
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Yes, that's what happened to the southern underbelly of Europe.

Word has it that the Replicants are pressing the IMF to "forgive" Greece's debt. Now, just what is Trump preparing for Greece?

(Excuse me if I think some Greek friends have asked him for a "favor" ...)
 
ludin said:
This is a pot meet kettle moment if I ever saw one.
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It certainly would have made sense, when the thing happened. At the time I spoke with a friend that was one of the "Fünf Weise" the economist group that advises the government. We were totally agreed that the debt could not be paid back, but that the German government could not afford to take the loss politically.
 
joG said:
It certainly would have made sense, when the thing happened. At the time I spoke with a friend that was one of the "Fünf Weise" the economist group that advises the government. We were totally agreed that the debt could not be paid back, but that the German government could not afford to take the loss politically.
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I was referring to his comment about one line arguments are boring even though he makes a ton of them.
 
Lafayette said:
One liners as argument are borrrrinnnngggg ...
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wrong of course!! the Socratic method of one liner, or less, questions and answers is how we find truth in a court of law. Do you know why? You post long rants and copy long magazine articles because you lack the understanding to reduce them to actual liberal arguments. Do you understand?
 
Lafayette said:
Are we wearing blinders in the US about Wealth?

What the most prominent researcher on the subject, Thomas Piketty" "said"
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Picketty is a socialist and a liar. His numbers did not even include the govt income our poor get so they wont be poor!!
 
Lafayette said:
Moving right along ...
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I am still waiting for you to prove that you 100% tax will solve poverty. I have yet to see any evidence that it will.
Again all the countries that have tried a soak the rich tax have repealed it.

I believe a few years ago Sweden did the same thing. They had a rich tax and repealed it when their major job creators said we are moving to better more friendly locations.

It had the exact opposite effect.

So who do you tax when all the rich people leave and take their money and jobs with them?

Ps did you not just argue that one liner arguments were boring? If so why do you do it so often?
 
ludin said:
I am still waiting for you to prove that you 100% tax will solve poverty. I have yet to see any evidence that it will.
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I am really quite tired of repeating the same damn argument regarding higher taxation.

The notion is amazingly simple:
The increased government revenues from higher taxation will allow the government to fund two key aspects of any socioeconomic entity:
(1) A National Insurance HealthCare Coverage (that most advanced nations have with the singular exception of the US), and
(2) Permit high-school graduates to obtain a free, state-provided postsecondary education (vocational, 2- & 4-year) permitting them to obtain jobs in our New Economy that require a higher standard of competence.
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OK, so now have a go at that one ...
 
Lafayette said:
I am really quite tired of repeating the same damn argument regarding higher taxation.

The notion is amazingly simple:

OK, so now have a go at that one ...
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ok you have to understand that I say so I not an argument.
nor is it proof or evidence of anything.

Neither one of those things will eliminate poverty which is what you were arguing.

1. Sorry I value my health enough more than turning it over to the government. Government has proven to be the last people that should be handling anything to do with healthcare.
They have proven themselves 100% incompetent when it comes to healthcare. don't believe me ask the VA, or Medicaid patients. Even in Europe they are having healthcare issues
as they keep attempting to lower the cost.

2. Nothing is free. Not even Bernie's increased tax plan covered that. in fact he was short by a good amount.
Before you cite Europe as an example not everyone gets in free over there either. They only accept the top maybe 20% of students for free.

Colleges are gated and only the best of the students get in.

this still does not prove that higher taxation lowers poverty in anyway.
 
ludin said:
this still does not prove that higher taxation lowers poverty in anyway.
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correct!! taxes and welfare programs cripple people and actually create more poverty! Liberalism lacks the IQ to get past their "welfare is good" attitude.
 
James972 said:
correct!! taxes and welfare programs cripple people and actually create more poverty! Liberalism lacks the IQ to get past their "welfare is good" attitude.
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They're starting to with their "pay them more" crap.

In another thread one of them said "well you cant get fired from welfare. But you can from a job". And what do you think will happen when the worthless cant maintain these jobs? More welfare. Cause we cant expect people to do for thrmselves.
 
Thumper said:
Cause we cant expect people to do for thrmselves.
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yes liberals are actually anti-science and want to reverse evolution. For them social science is survival of the least fit. And they have succeeded too! Our most successful minorities now reproduce less than our least successful minorities.
 
Lafayette said:
Don't believe that historical change in taxation rates is the initial cause of both Income and Wealth unfairness? .
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your blind assumption is that govt's job is to redistribute wealth through taxes and welfare. Our Constitution is designed to keep us free from goofy liberal govt schemes, not to steal our wealth or cripple us with welfare.
 
You want the wealthy to stop being so wealthy?

Simple.

1) tax capital gains (which is how most of the mega-wealthy make almost all of their income) at the exact same rate as income. Right now, under certain circumstances, there is no capital gains tax on earnings. That is wrong.
And save the 'the stock market would collapse if you did that' nonsense...it IS wrong.

2) remove the Fed's 'full employment' mandate and stop allowing them to buy corporations (as they, in essence, bought AIG - a gigantic insurance corporation), alter the stock market as they see fit, bail out gigantic banks and basically control the economy.
And who benefits the most from all this - by about a billion times - the wealthy.

Make capital gains and income taxes the same and neuter the Fed...that will put a huge dent in the wealthy - guaranteed.


But most people ignore this because a) most people have not a clue what the Fed can and does do. And b) the average person pays little/no capital gains - so they do not understand how it works either.
 
DA60 said:
But most people ignore this because a) most people have not a clue what the Fed can and does do..
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economists have a clue and they like the Fed especially now that it just prevented the housing crisis from turning into a 20 years depression and world war.
 
DA60 said:
You want the wealthy to stop being so wealthy?

Simple.

1) tax capital gains (which is how most of the mega-wealthy make almost all of their income) at the exact same rate as income. .
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conservative and libertarian intellectuals want to eliminate cap gains tax as idiotic since it prevents new investment in new inventions that increase our standard of living.
 
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