41 billionaires are now as rich as the poorest half of the world population

Kind of irrelevant imo, what matters is that exclusively using wealth (however valued) to value humans and their contributions to progress and humanity is banal to start with. I bet all Nobel price laureates in aggregate have less than 1/100,000th the net worth of Musk. Who contributed more to humanity and its progress, even technological progress alone? :D

JigsawTrading said:
A lot of the wealth numbers are nonsense.

If its based on massive numbers of shares held like Musk, the idea that he could realize that wealth at the last price paid is ludicrous.

Basically, its like saying you car is worth the brand new price, yet you'd be lucky to get 70% of that if you sold it when it was a day old.
More...
 
KCalhoun said:
Of course Democrats/Socialists would just say wah wah not fair and hastily try and raise their Taxes. :p
More...

Ken,

How should the US Government pay for all the debt it has incurred during COVID? How should the US Government pay for the deficits incurred by the Trump Tax Cuts? How should the US Government pay for the wars from Bush 2?
 
newwurldmn said:
Ken,

How should the US Government pay for all the debt it has incurred during COVID? How should the US Government pay for the deficits incurred by the Trump Tax Cuts? How should the US Government pay for the wars from Bush 2?
More...


Less entitlement programs and more support for business. Focused efforts for education and entrepreneurship vs handouts.

And none of this bs "House Democrats propose 2022 federal pay raise with new bill | Federal News Network" https://federalnewsnetwork.com/pay/...ose-2022-federal-pay-raise-with-new-bill/amp/
 
Dismissing half of the world's population as "mediocrity" or "doing nothing" is appalling and a first step to nazi thinking. Dehumanization on a grand scale.
On the other hand, these entrepreneurs (if they are not all scions of previous generation fortunes) are also great contributors to the world in their respective enterprises, and there's no need to assign them lofty humanitarian obligations, as if their wealth is dirty.
I'm not a proponent of gifting. It ought not be the wealthy to decide who to give money to, but elected government through taxes. And I have no qualms taxing the uber wealthy.
 
KCalhoun said:
I know! A financial transaction tax on those damn daytraders! :D
More...

avoiding the question. You keep talking about how democrats want to raise taxes without talking about all the spending that has been done. How do we solve the sins of the past? You don’t want higher taxes (nor do I) but how do we pay for the wars, CARES act, social security, etc?

what ideas do red blooded conservatives like you have? Republicans have done more than their fair share of the spending.
 
zghorner said:
Elon musk brings more to the table than all of the worlds mediocrity combined. Soon their labor wont even be needed as machines replace men...dwindling what little value to the market place they had to begin with.
More...
This Elon evangelism based on meme market reaction to TSLA is creepy bruh

DiceAreCast said:
What value did Musk bring to the progress of humanity? Care to share A SINGLE one? There are dozens of EV companies, they would have existed with or without Tesla. The development of EV is very loosely linked to Musk or Tesla. If you don't believe me then perhaps study how all the other companies derived their IP. They did not steal it (in most cases) from Tesla. Then there is a lot of research in hydrogen-powered cars. Then hybrid cars existed already when little Elon still shitted his diapers.
More...
Not to mention he didn't even found Tesla. He settled to be able to say he did though. His achievements w/the comp not withstanding.
https://gigaom.com/2009/06/14/tesla-lawsuit-the-incredible-importance-of-being-a-founder/
https://www.wired.com/images_blogs/autopia/2009/06/tesla_counterclaim_02.pdf

https://www.rand.org/pubs/working_papers/WRA516-1.html
We document the cumulative effect of four decades of income growth below the growth of per capita gross national income and estimate that aggregate income for the population below the 90th percentile over this time period would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades. From 1975 to 2018, the difference between the aggregate taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion.

from 8 yrs ago:
 
Last edited:
newwurldmn said:
avoiding the question. You keep talking about how democrats want to raise taxes without talking about all the spending that has been done. How do we solve the sins of the past? You don’t want higher taxes (nor do I) but how do we pay for the wars, CARES act, social security, etc?

what ideas do red blooded conservatives like you have? Republicans have done more than their fair share of the spending.
More...

Stop sending money overseas. Fix trade imbalances. Cut wasteful fed spending. Reallocate current resources. Change budget priorities.
 
You must log in or register to reply here.
Back
Top