Billionaire investor warns: U.S. "wealth disparity" will end in "revolution, taxes, or war"

That's true but also the Democrat voters are not better at all.
The Democrat voters:
- refuse to stop the economic terror against the third world (IMF/WB)
- provide a safe haven to the mass murderers, drug lords and the corrupt politicians from everywhere around the world. You heard about Marc Rich for example? The biggest organized crime leader in the world, who got a presidential pardon from a Democrat president.
- refuse to stop legalizing the tax fraud (tax havens)
- refuse to tax the rich, and they are actually in love with the super-rich tax fraudsters like George Soros and with the caviar "socialists" like Obama or the Silicon Valley billionaires
- refuse to stop giving trillions to the Banking Mafia
- refuse to do anything against corruption
- refuse to stop the increasing speculation and the transformation of the economy into a collection of Ponzi schemes.
- refuse to implement decent public housing
- refuse peace and promote conflicts (with Russia for example)
- refuse to do anything against the terrorists like the president of the North Korea
- refuse to pressure colonies like Iraq, Libya etc to reduce corruption and the mess
- refuse to understand that the people have the right to be worried (about mass immigration for example) and they become violent against the people who dare to disagree
- refuse to stop the terror of the leeches (ghettos) against the working class
- they think themselves very intelligent, smart, superior, stylish and sophisticated and they treat like trash the people who dare to disagree with them (they have good examples to follow in the super-rich Silicon Valley arrogant billionaires, who are also puppets of the Banking Mafia)

Today, the Democrat voters are actually much, much worse than the Republican voters

 

What you did here was to present a sophisticated text, exactly like the economists do: they say such complicated and boring stuff, that the public becomes confused and then the average Joe thinks that the economist is much smarter than them, so the economists should do whatever they want. Basically, the message is: "Look, I am smart and you are an ignorant. These things are way beyond your capacity to understand. Just let me do whatever I want".
You said a lot of things there but you carefully avoid to mention the most important elements:
- protectionism: if the private and public entities spend money on stuff made in China, then the spending = income for the slave-owners in China. If you want the American spending to translate into American incomes, then buy American.
- corruption: when the corrupt government is spending money, that's creating extremely few jobs, and the money go directly into the pockets of the super-rich
- the translation of the public deficit into public debt
- taxation: the poor people have to pay the public debt (the super-rich don't pay taxes) and therefore the public deficit means more and more misery for the poor people in the long term.
You are using vague and fuzzy language, like when referring to the economy for example. Because spending is actually income in the economy. But the question is: into which economy? The economy of the country? The economy of the country's population? Or maybe the economy of the super-rich? Or maybe the economy of China? Or maybe into the global economy?

The essence of your message is that the people have to live in deeper misery in order to save the GDP (i.e. the economy of the super-rich). If you want a 10 times bigger nominal GDP, then print 10 times more money. But that won't have any effect on the real economy, or on the buying power of the population.
The government has to stop the legalized tax fraud. Then do some proper taxation. Then spend the money they have, not to spend money they don't have (public deficit), because the public deficit means more misery for the poor. A country can work very well without making public debt and without public deficit and in fact they can even reduce them.

In fact, as a general rule, when the public debt and public deficit of a country is increasing, that's the best indication that the country has big corruption issues. And when the public debt and the public deficit is reducing (without increasing poverty), that's the best indication that the country is reducing it's corruption issues and that it's going well.

Again, you failed to check what's going on in the whole world, to see how the public deficit and the public debt is increasing the poverty in all the third world countries. Instead, you come with sophisticated language that can only spread confusion.

If the budget deficit is so good, then why is the IMF asking all the countries in the third world to reduce the wages of the workers, in order to reduce the budget deficit? There is a huge contradiction here.

Sorry but I suggest you start to talk about the topics in discussion instead of creating fancy and sophisticated constructions.

I didn't say there is a global conspiracy of the wealthy people, coming from themselves. The wealthy Romanian cretins for example are incapable and unwilling to make or to participate such global planning. They are just being brainwashed and coordinated by the Western plutocracy. They save their money in the Western Banks, so they listen to the orders of the Western Bankers. It's really that easy. The same with the wealthy people from all over the third world.
There is a conspiracy of the Western Bankers, a conspiracy that has a global vision, and they already have enough power to coordinate the entire world. This is what I meant, not a confederation of wealthy people from everywhere. Check IMF/WB and Chomsky's virtual senate. Check Philippines - the president Duterte already kicked the IMF out of his country. Check the Libor Scandal. Check the economic crisis ( 2008 ) - no accountability for failure in the banks - the bankers were well aware of that failure, and they were happy with it, because they actually planned the crisis.
It is absolutely wrong and puzzling to say there is no direct coordination, when the IMF and the Western Banks are coordinating pretty much the entire world.

And the public doesn't understand the economy because the mainstream media is full of "economic experts" who, exactly like you, are using fuzzy, confusing, complicated and sophisticated language, and who avoid to talk about the most basic facts and evidence.
The people in the Congress do not understand money because they enter into politics in order to fill their pockets. And they allow the Banking Mafia (and their kings - the Rothschild family) to do whatever they want. They are actually very happy that they don't have to bother to think about how the economy and money work.
You can't track the problem when you are only blaming the confusion. If you think you can track the problem, then name the wrong decisions that are taken as the result of that confusion.

I completely agree with that. But you fail to see why they are so ignorant: because they sit comfortable, believing that the super-rich are doing a good job into taking care of the economy. And that's exactly what the Banking Mafia wants: they want the population (rich, poor, citizens and politicians altogether) to believe that they are too ignorant and that the economy is too complicated and that they just can't comprehend it. So then the Banking Mafia has the freedom to do whatever they wish. They are free to use their money to influence the both political parties and to put whoever they want into power. They reduce and increase corruption and poverty whenever they want and whenever they see fit.
They spread a lot of lies in the mainstream media and confuse the public. Some years ago, I've seen a well respected economist clown at BBC or CNN claiming that "speculation is good because it creates jobs". He forgot to mention that speculation is reducing the buying power of the consumers, so instead of buying all kind of things and to create jobs, they pay the speculators who create just a few jobs, and only temporarily. They want to create the feeling that "speculation = investment". The mainstream media is way too disgusting and sickening these days, because it is controlled by the Banking Mafia.

 

The Republicans don't mind paying taxes. But they are afraid to pay taxes to an ultra-corrupt government. Instead of fixing anything, the government is giving money to the poor leeches (ghettos) and to the super-rich looters. Also the government is paying overpriced housing, education and health care for the poor, especially for the leeches.
And the Democrat leftists love the poor leeches and the super-rich looters. They are in love with the arrogant "socialist" billionaires who are insulting Trump every day. They also love the Banking Mafia that is financing these billionaires and is controlling the corrupt government who is giving them fat contracts.
The government is not sharing the money but it's just wasting it.
The leftists don't want to hear about cheap housing, cheap education and cheap health care. They claim that's impossible to do that, even though all the Western European countries have such things.
Therefore the poor workers, the middle class workers and even the rich are afraid to pay more taxes to such a government.

This topic is just like the vaccines: the people are not afraid about the vaccines, but they are afraid about a corrupt puppet government to take care of the vaccines.

 

Again, you are talking about the leeches who refuse to work and you refuse to admit that the poor workers exist.
I was talking about the poor workers. About the exploited workers, like me, and many others like me.
Raped, beaten, exploited: the 21st-century slavery propping up Sicilian farming, 12 March 2017, Lorenzo Tondo, Annie Kelly, The Guardian
These women look like bloodsuckers to you?

The leeches get all those things for free from the workers who pay taxes. The workers who are exploited by the rich. The rich are paying taxes from the money they are stealing from the workers, from the taxpayers and from the consumers.

You want to know how the rich are sucking the blood of the poor? Really???? You never heard about exploited workers? Workers who, instead of getting a decent wage, they get miserable wages and work extra hours for free?
In the company where I work for example, the workers have contracts for 30 hours / week but they have to work 48 or 72 hours per week. And they get a miserable wage.
I can't afford to pay a rent for an apartment (and it's hard to find studios in Spain) so I have to share the apartment with other people. That situation is not going to change anytime soon.
The company makes enough money to pay us decent wages but...

The rich make their money because they sell goods made by their workers. If they would make a fair share they would give bigger wages to their workers. Or they can reduce the price of the goods they sell, until they make an average income, and that means they would stop selling overpriced goods. So the rich make their money by giving low wages and by overpricing the goods for the poor consumers.

Sorry for being such a disgusting bloodsucker!! I guess that my low wage and my unpaid extra working hours and my miserable life makes me a leech in your eyes! Even more so those Romanian farm workers who get all kind of free things from the rich, like for example they are getting raped for free!
My eyes are in tears because to the generosity of the rich you are defending!!

Here's a good (free) movie for you: Scott Noble - Plutocracy

 

This entire post is nonsense.

 

More lies, conspiracies, and nonsense.

 

I'll comment this again: In the current world, if you grow the GDP, that means the super-rich have more money to loot. If you want to improve the economy of the population, then you have to fix the economy, not to grow the GDP. You fix the economy by keeping the jobs in the country, by stopping the speculation, by stopping the legalized tax evasion, by doing proper taxation, by providing good quality and cheap public services, by stimulating work instead of stimulating leeching - in other words, by reducing corruption

That's right. That's only a part of the strategy of transforming the Western economies into a collection of infinite Ponzi schemes. The economy is based on speculation these days. The increasing speculation is pompously reported by the disgusting mainstream media as encouraging signs of economic recovery. While in reality the speculation is only a sign of the next economic crisis or economic crash.

The Illuminati and Bilderberg Group are nothing else than groups of rich cretins who are coordinated and brainwashed by the Rothschild family. These people are choosing all kind of academics (clownish or not) as a facade to support their designs. Just like George Soros (the tax fraudster) is using Henri Bergson and his idea for an Open Society as a pretext for his plans to disintegrate the countries, the Rothschild family use the miserable clownish economists as puppets and as a facade, as their interface with the public. They give to these clowns all kind of decorations (Nobel prize etc) in order to give them prestige and to impress the public, so they can convince the population to accept their designs.
It's very hard (or maybe impossible) to find such "economic experts" to say that the administration should stop legalizing the tax fraud (tax havens). Or that the government should implement cheap housing. Because they are nothing else than miserable puppets of the rich. Rule number one for the puppets: don't bite the hand that feeds you.
So the argument that they (the administration) followed the designs of Freidman is just the pretext. In reality they were following the orders of the Banking System

Thank you Sir! I didn't know about this concept "Trickle-down economics". I'm not ironic.
This concept describes very well the economic insanity anyone can see if they stop listening to the mainstream media and start to think for themselves.
But on the other hand, it looks like they managed to trick you too

I won't talk about the ownership of the Federal Reserve. But once the Fed has $4 trillion, they lend it to the private banks, so the private banks are free to loot a lot of money again. Just like they looted the savings of the people who keep their money in the banks before 2008, they keep looting the money today. This means they are accelerating their power to further corrupt the politicians.
The current Western private banking system is the biggest plague in the history of the humanity. The government should send to jail all those thieves, for a long time. And this system should be replaced with cooperative banking.

 

So that's really what this is all about?

It's funny because I spend most of my time talking about how the economy actually works. I also describe the shortcomings and falsehoods of current policy, but if you read through my writings, I do very little in the way of promoting specific policy unless asked.

Actually, I spend a lot of time creating easy to understand explanations for everyday people to help them understand the economy they live in. While I can explain any individual aspect of the economy to almost anyone and help them understand, the challenge is helping people understand how all of those different concepts affect each other. Any one aspect of the economy can be affected by several others and it's easy looking at only one. We are told that inflation happens when the government creates too much money, but inflation can also happen when productivity declines.

So why do I do this? I have no incentive. I don't do it for money, get nothing out of it personally, except that I'm acting in my community in the only way that I feel I can make a difference a few people at a time. I believe that if people really understood their economy that could adjust their ideologies to match economic reality.

The problem with economics is that it is inexplicably intertwined with politics. When you unwind the two you quickly realize that economics is the base upon which politics rest. This is because most of the things worth doing in this world require the utilization of resources and labor. Since labor and resources are finite people have to make choices, they have to prioritize.

How do we prioritize? Should we build a bridge across a river saving commuters time and decreasing money spent moving resources from one place to another or do we build homeless shelters for people living on the streets?

The real question is, we know we can't do everything we want to do, but how much can we do? How can we maximize the utilization of labor and resources so that, as a society, we can accomplish as many worthwhile goals as possible? In other words, if there are spare resources and spare labor in the economy that means we could do more. We could be building bridges, or schools, or providing healthcare. So what is stopping us from utilizing all the labor and all the resources we have?

Most people believe that we are limited by the amount of money the Federal government has to spend. Most people believe that the Federal Government is limited by the taxes it collects and the bonds it sells to fund itself. I'm simply telling you that, while the government has limits on what it can spend, taxes and bond sales are not the limit, not since 1974.

Most of us believe that the constraint on the federal government is the same as it was before our money broke all ties with gold. We vote for people that share our ideas and they govern holding those ideas.

So our politicians govern the country believing that taxes and bond sales are the real constraints on spending. They are asked to make choices about how to spend a limited number of dollars and as a result, some people are left without work and work that needs to be done, goes unfunded.

I'm here to tell you I don't care what party you belong to. I don't care what your ideology is. What I'm here to tell you is that our government is not limited by the money it collects in taxes or the money it collects selling bonds.

The key to understanding is to separate the following:

1) Economic accounting (the facts about how our economy actually works)

2) Political economic policy (the decisions we make about what we choose to spend money on and what not to spend money on).

Ok ok, so what is the limit on spending?

Inflation.

Inflation, in the simplest terms, happens when demand in the economy (overall) exceeds the supply of things that are in demand.

If the government creates and spends money will it create inflation?

If yes, can we (as a nation) direct labor spare labor and resources to increase supply?

If no..

Can the problem be solved via technology (example, can jobs that take humans today be automated and shift those workers to areas where labor is needed in jobs that cannot be automated?)

Can we invite people from other nations to come here, learn the necessary skills to help increase supply?

Can technology increase per-person output such that supply is increased?

When a little inflation happens it's happening because there is greater demand than there is supply. This creates the opportunity for companies to expand their businesses and increase their market share. (Now here's where the consequences start to stack up and begin to travel through multiple layers) Without inflation prices would stay the same, the quantity of money would stay the same (while the value of each dollar increased). This would cause nominal salaries to fall (businesses would pay less because each dollar was worth more). This would make the holding of long-term debt undesirable because long-term payments would stay the same but salaries would fall over time.

In the end, it's important the people understand the economy so they vote for people that also understand it. Economics is politics. I see little reason to advocate for anything politically until people understand how it will be "paid for".

 

He wasn't talking about every single aspect of the economy. Some parts of the US economy worked and still work very well. That's because the administration knows how to keep under control the anti-competitive practices and other kind of corporation abuses:
https://en.wikipedia.org/wiki/Price_fixing_cases#US
https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical_settlements
There is also a national strategy in the US for headhunting for skilled specialists.
There are many things the USA is doing very well because they invest into making good economic strategies.

Yes, the US economy produced a lot of good things. Yet the life of the workers would be 10 times better without those tricks of the super-rich who avoid paying taxes and keep forcing the consumers to pay for overpriced goods.

 

If you want to say something, then say it. Prove any of those statements you are attacking as wrong.
Launching absolute truths is not conversation, that's monologue.

 

The 1% have stripmined a trillion dollars per year out of the salaries of hardworking Americans over past couple of decades.

Salary increases and bonuses that should have been paid have been reduced and/or eliminated. The pattern has been to protect shareholder profits by laying off workers.

One of the market metrics that I watch for is the demand for jobs reaching the point where workers can ask for higher salaries. That is when the Wall Street Casino Bosses orchestrate the next "collapse" which throws the labor market into reverse as millions find themselves laid off for no good reason other than to protect corporate profit margins and shareholder dividends.

The OP is correct that the current wealth disparity is unsustainable and that will drive a move towards the kind of social democracy that Bernie Sanders was advocating.

 

American jobs are being outsourced by greedy corps, republicans like Trump are doing nothing to stop it

what to stop it, raise all corps taxes 15%, then give any corp that doesn't outsource American jobs overseas a 15% tax cut

 

do you support the corps over charging for prescriptions and under paying workers?

the ironic thing is, you can get something from nothing as 0 = (-1) + (+1)

but it takes lots of time, and it's starts simple and as more and more comes into existence it gets more complex, not poof, a God and then everything...

 

must of edited wrong post, sorry about that

 

Agreed and wholeheartedly.

But that truth is lost on a great many dorks on this forum who misunderstand the Constitution as if it were some Biblic reference handed down to the constitutional convention by God himself ...

 

SPEED KILLS

They are simply financiers who - in cahoots with other rich financiers - "invest" in projects (mostly real-estate because it is "quick 'n dirty") in order to make ludicrous profits that are very lightly taxed presently.

The country was invented in such a manner since the get-go, at first they were all land-owners like Washington. Their motivation was profit, profit, profit.

There is nothing inherently wrong with wanting to obtain a profit from adventurous investments. But what never has come into question is this, "When does more-than-enough become far-too-much?"

We have never ever even asked the question. The drill goes on and on and on - and nobody asks "Where's the limit?".

Speed kills, if you have no limits* ...

*And the present rip-off began with both JFK/LBJ and worsened with Reckless Ronnie who all drastically lowered upper-income taxation. We've yet to put that humongous error back right.

 

I worked for a successful ESOP for several years and I loved it... The company was efficient, we could afford capital expenses for new equipment and I made great money with bonuses for meeting targets.

 

Agreed....

The other thing I find really telling is that the founders are held up, almost as infallible gods themselves. Now I'm sure we'd agree, they were brilliant men for their day, but the fact is, the average 6th grader knows many times what any founder might now about the world we live in. in 1789 the theory of GRAVITY was celebrating its 100th birthday, the founder's parents would have been alive during the Salem witch trials, leaches were a form of medicine and the list goes on and on.

They were smart for their day, but they were shaped by the conflicts that surrounded them. In reality, there was a WORLD of knowledge about human behavior, chemistry, medicine and physics they knew NOTHING about. They were closer to the year 1580 then they were 2017....

 

In a real free market system, the government should ask every business owner and executive a simple question like "If you make more than the average wage, then where is the competition?" Because by increasing wages of the executives and the profits of the owners/shareholders, you are overpricing the goods you are selling, that means you are not really competing with the other companies.
It is absolutely normal to lay off workers - but only if you do that to cut costs in order to deliver cheaper products and to get a bigger market share (competition). By keeping the jobs in the country (decent protectionism), those laid off workers will easily find other jobs. As the automatization is increasing and the economy needs less and less workers, with proper taxation, the people without jobs should be employed by the government for research, education, health care, public infrastructure etc. Instead of paying welfare / basic income, the government should use those money to pay the unemployed in exchange for such work.

The government should actually do it's job to enforce competition and the businesses must understand that their role in the economy is to deliver the best products at the lowest price. Those who refuse to understand that should be taxed / fined until they get the point. if the vast majority of the businesses owners are motivated only by making a living, then so can do the big businesses too. The point of the economic activities is not to increase profits - as the clownish "economic experts" are desperately repeating in the mainstream media - but to make a living and to increase the prosperity of the entire population by delivering the best quality goods at the lowest prices possible - that means increasing the buying power for everyone. Everyone is rich when the goods are super-cheap.
If the business needs money for investments, they don't need to increase their profits because they can get money from the banks (that's why the Quantitative Easing was initiated in the first place, to have more money for lending to the businesses). Until they pay the debt to the bank, the products they are selling will have a bit higher price, but the same happens when they make profits for supporting investments - there is no difference for the consumer.
In a real free market system, the businesses should make close to zero profits. If they need money for investments, then they should go to the banks.

They did that by synchronizing the real estate bubble with the outsourcing of the jobs into the third world country. Then they and their clownish "economists" in the mainstream media did their best to make the economic crisis appear like a natural process.

I completely agree that one of the biggest problems is outsourcing but one of the reasons why Trump is hated by the mainstream media is because of his protectionism. The same happened with the president Kirchner of Argentine - she is the devil for the clownish economist experts, because she implemented protectionism, keeping the jobs in the country.
You don't need tax cuts for those who keep the jobs in the country. Just increase the taxes for the companies who outsource the jobs in the other countries until they start losing money by doing so.

 

It is Constitutional to increase tariffs on imported goods to equal the cost of producing those same goods here in the USA. If that were implemented the outsourcing would no longer be an effective means to increase profits. Instead automation would be happening here in America as a means to increase profits and that in turn would mean jobs for those who were building and servicing the automation systems.

 

They are given their due reverence and thanks for their historical contribution to freeing the original
from the British monarchy.

But that does not mean that the Constitution they wrote was cast in concrete. There are many amendments since, and one more should do away with the 12th, which is both archaic and debilitates true democratic representation. One person, one vote - and only a majority of the Total Vote decides the question put or the person elected ...

PS: Aka (in some quarters) the "will of the people".

 

top 1% pay 42% of all taxes, not 1%. Is that avoiding paying taxes?????????????. <Mod Edit- Rule 4>

 

if US can tariff Chinese goods then the Chinese can do the same and international trade will die.

Then NY can tariff California. <Mod Edit- Rule 2>

 

Assumes factoids NOT in evidence.

Tariffs are constitutional.

 

I did as well. It was nice to think that one's work was appreciated for more than just one's pay.

The fact remains nonetheless, that some (up the corporate ladder) do get the stock-options whilst most do not. Which, I think is think is one major fact regarding the shift upwards of ginormous portions of Income into Wealth - but not just of the 1Percenters to whom we like to point the finger of blame.

It's the top 10 to 15% of the population that are benefitting (who work further down the corporate latter), but to a lesser degree.

If this is the case, then why not everybody? Not all equally, but all equitably ...