The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people

Discussion in 'Current Events' started by Durandal, Jan 21, 2019.

  1. Mrlucky

    Mrlucky Well-Known Member Past Donor

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    I know 3 really smart guys in southern India. They are happy making $5.00/hr. They are not envious of what I have but would like to know how they can do what I do. I'm working on showing them how but doing business is quite a bit different in their country. Much more corruption to deal with.
     
  2. TOG 6

    TOG 6 Well-Known Member

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    In my business, some of the hardest working people are from southern and southwestern Asia - they're used to had work, and they recognize how much money they can make here with it.
     
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  3. Badaboom

    Badaboom Well-Known Member Past Donor

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    Only to those who don't learn from history.

    I'm over qualified compared to you. But the trend in the past 40 years has been to overpay those that do nothing aka upper management/white collar job.
     
  4. TOG 6

    TOG 6 Well-Known Member

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    If that's true, then your claim that you work more and yet get more poor is a lie.
    It also doesn't answer the question: Why don't you have a marketable skillset?
     
  5. Badaboom

    Badaboom Well-Known Member Past Donor

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    Because the rich decide what is a marketable skillset, more often than not being who can do the work at the lowest possible cost even if that mean that their neighbors will starve and the product is crap. The rich don't have any national attachment, only profit for themselves matter. At one time the rich were proud of their national achievement and of their workforce. Now said workforce isn't worth **** in their eyes.
     
  6. TOG 6

    TOG 6 Well-Known Member

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    No. The labor market does. Supply and demand.
    So, again:
    -Why don't you have a marketable skillset?
    -Why did you lie about working more and more yet getting more and more poor?
     
  7. Starjet

    Starjet Well-Known Member Past Donor

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    If by resources, you mean wealth; it has to be created before it can be looted; and before it can be created, it must be thought of. Ideas matter. Doubt it? Look at Venezuela, they use to have billionaires, now all they have is destitution and borderline famine--that's AOC's ideas in practice. Back to the end of the line--thought before action, in a civilized world, anyway.
     
    Last edited: Jan 22, 2019
  8. Starjet

    Starjet Well-Known Member Past Donor

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    And I'm saying: life is better with billionaires then without. Don't envy them. Just say thank you, and be on your merry way.
     
    Last edited: Jan 22, 2019
  9. AKS

    AKS Banned

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    I don't envy anyone, I live just fine lol. I'm just trying to say that YOU will not become that wealthy. You have no shot. Sorry.
    And WhyTF would I say thank you?
     
  10. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    Maybe the government could let more of us keep some of our own money.
     
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  11. Starjet

    Starjet Well-Known Member Past Donor

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    If you have to ask; it can't be explained.

    But as for me, Ford, Edison, Wright, Gates, Jobs, and many more unsung, but productive geniuses, have all contributed to making my life heaven on earth. And to them I say: "Thank you"...and thank goodness for capitalism and souls who love to make money.


    I may never be as wealthy as them, but I am wealthier because of them.
     
    Last edited: Jan 22, 2019
  12. Kode

    Kode Well-Known Member

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    An ideology consists of ideas, hence the name. It consists of a body of doctrine, myth, etc., with reference to some political and social plan along with the devices for putting it into operation.

    An economic system consists of economic and financial interactions. Hence it is a system of organization (relationships) or operation providing for interaction and exchange, especially related to the process of production.

    Obviously, ideas and interactions are two different domains of activity.

    THEREFORE:
    A communist or socialist government does not indicate a communist or socialist economic system. It may indicate an intention and a direction that governmental strategies are expected to lead, but these are all in the domain of ideas and not an economic system of exchange. The economic system is only communist or socialist if the organization and activities of the economic system can be shown to operate within the relationships defined by a communist or socialist economic system.

    There has never been, and is not now, any economic system that is in fact communist or socialist even though there have been governments self-described as "communist" or "socialist" which have administered some form of economic system.
     
  13. Kode

    Kode Well-Known Member

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    Well, that is completely incorrect but based on past experience I doubt that you care. Otherwise I would pursue this with you.
     
  14. Fred C Dobbs

    Fred C Dobbs Well-Known Member Past Donor

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    California has the shrinking middle class and the second largest number of billionaires in the US. The First is still New York, another Liberal stronghold. https://www.cnbc.com/2018/05/17/the-10-cities-with-the-most-billionaires.html
     
  15. Fred C Dobbs

    Fred C Dobbs Well-Known Member Past Donor

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    There has certainly never been any successful Communist or Socialist systems. Many have been tried but all, usually after sacrificing millions of people, have failed,
     
  16. Fred C Dobbs

    Fred C Dobbs Well-Known Member Past Donor

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    Perhaps you can point to some successful countries where this wealth has been 'distributed efficiently and fairly' in the past.
     
  17. Merwen

    Merwen Well-Known Member

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    My understanding was that theother guy wasin financial need due to poor health and was taken advantage of.

    IMO if the originator of Windows had become a partner we might have had a better system to work with. If Windows were programmed in machine language, for example, it would not have wasted so much computer memory and would have run faster since the beginning.
     
  18. Merwen

    Merwen Well-Known Member

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    :frown:
     
  19. Merwen

    Merwen Well-Known Member

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    Most people are not supporting some artificial distribution scheme--they just want to see jobs kept in country and wages that reflect the true value of work done.
     
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  20. Mircea

    Mircea Well-Known Member

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    Let me get this straight...

    I buy property that no one else wants to buy and has been sitting vacant for several years.

    I build a 40-story building on that property and it all costs me $14 Million, with 20 floors of condominiums, 2 floors of services like delis, cafes, coffee shops, restaurants, barber and beauty salons, dry cleaners and such, and businesses rent office space on the other 18 floors.

    20 years later, the county tax assessor says my property and building are worth $100 Million, real estate appraisers say my property and building is worth $100 Million, real estate agents say my building and property are worth $100 Million and many others, including the tenants and businesses think my property and building is worth $100 Million.

    So, my net worth -- my Wealth -- has increased by $86 Million from $14 Million to $100 Million, because other people said so, and you're mad at me?

    What kind of differently twisted nonsense is that?
     
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  21. RodB

    RodB Well-Known Member Donor

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    You evidently missed the 100-year history of roughly 1850 to 1950.
     
  22. Badaboom

    Badaboom Well-Known Member Past Donor

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    Prove it or retract. This is against the rules here.
     
  23. mdrobster

    mdrobster Well-Known Member

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    ah hem, from the mid 19th until ww2, there were numerous recessions and depressions in the us as well as riots due to working conditions and pay. the history channel has programs about it.
     
  24. TOG 6

    TOG 6 Well-Known Member

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    You said: "I'm over qualified compared to you"
    If this is true, it cannot be true that you are "getting poorer and poorer even though I'm working more and more".
    One of your statements must be false - and you knew it was false when you made it.

    And you avoided the question:
    -Why don't you have a marketable skillset?
     
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  25. Badaboom

    Badaboom Well-Known Member Past Donor

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    Non sequitur argumentum.
    Somebody can be more qualified then you yet have a diminishing purchasing power year to year.
    Retract or be reported.
     

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