Billionaires add $308 Billion in wealth in 4 weeks while world has biggest crisis ever

S

S2007S

What an incredible feat to be had during the biggest crisis in US and world history. Record unemployment, an economy at a complete standstill, small businesses shuttered at the moment while billions added to the wealthiest individuals....

And people honestly believe that the gap between the very well off, the rich, and the wealthy will some day narrow, haaa hilarious, only Fu×king fools would actually believe that.


https://www.yahoo.com/news/heads-win-tails-lose-americas-090010695.html
 
S2007S said:
What an incredible feat to be had during the biggest crisis in US and world history. Record unemployment, an economy at a complete standstill, small businesses shuttered at the moment while billions added to the wealthiest individuals....

And people honestly believe that the gap between the very well off, the rich, and the wealthy will some day narrow, haaa hilarious, only Fu×king fools would actually believe that.


https://www.yahoo.com/news/heads-win-tails-lose-americas-090010695.html
More...
Frankly, I'm sick of hearing the same garbage again and again. What's the point when there's no cure? Yes, the system is so so so screwed up, something that we've known about for the last 11 years. But instead of merely writing or talking about it, why don't you do something about it? :banghead:
 
so long as there is social mobility and fluidity between socioeconomic classes... opportunities for rich to become poor, and opportunities for poor to become rich; then nothing is wrong with having a billionaire in the system.

and to add on... dynasties are prevented (or are trying to be prevented and imo, successfully will) via estate taxes.

nevertheless, in my opinion, you're looking at it the wrong way.

focus on ensuring social mobility and making this as fluid as possible, the rest will work itself out.

edit:

&end deep poverty(because we're human bro...)


this is my 2 cents...
 
schizo said:
Yes, the system is so so so screwed up, something that we've known about for the last 11 years. But instead of merely writing or talking about it, why don't you do something about it? :banghead:
More...

So you never:
  • buy Apple products
  • buy Microsoft products
  • never drink Coca Cola
  • never go to Mc Donalds
  • never buy Nike
  • never go to sport events
  • never buy at Amazon
  • never go to Walmart
  • etc...
Because all these things make the rich richer.
 
S2007S said:
the biggest crisis in US and world history.
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Which planet do you talk about ?
(seriously, inflation adjusted, in the past, there has been bigger troubles than this & if not then , damn... Hell of a show over a flu)

In the planet Earth, quarantine is almost over & those who listened to @vanzandt , bought some MCD, and made >~30% easily.
https://www.elitetrader.com/et/threads/my-new-favorite-stock-for-granny.342155/#post-5062297

I like how, small caps & brands, doesn't effect major audience ($IRBT), but soon as i mentioned $MCD(a well known brand) to my relatives, even they who went nuts during the whole fear period, now became -
a stock-investing believers, and will hand over savings, for when the next right moment comes.
 
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virtusa said:
So you never:
  • buy Apple products
  • buy Microsoft products
  • never drink Coca Cola
  • never go to Mc Donalds
  • never buy Nike
  • never go to sport events
  • never buy at Amazon
  • never go to Walmart
  • etc...
Because all these things make the rich richer.
More...



If those companies had to rely on me buying products from those companies multiplied by tens of millions of people, 90% of those companies wouldn't exist that you mentioned


Apple products = own 1 apple product that was gifted to me. It was the second generation iphone. Have never owned an apple product since.

Microsoft products = have owned computers with Microsoft products in them but haven't bought a personal computer in over 10 years

Coca cola products = 98% of what I drink is water. I do drink tea and probably have bought a brand or two not knowing it was a coke product but extremely rare i buy anything other than water. If it is soda from a coke brand its usually at a gathering but again extremely rare.

McDonald's = haven't bought McDonald's meals in probably a good 7 or 8 years. And when I did it was maybe 2 or 3 times a year

Nike = refuse to pay $180 for cheap rubber that cost no more than $9.87 to manufacturer. I do own many shoes and sneakers but when I do buy its usually on sale and not Nike. Last 2 pairs I bought were Puma

Sport events = last sport event i went to was i believe back in 2013 or 2014, I didn't buy the tickets, friend took me to the game.

Amazon = I do buy from Amazon. In a year I probably buy 12-15 items.

Just checked my order history

For 2020 I have only purchased 3 items
For 2019 I purchased 10 items

And I do have prime which I DO NOT pay for.


Walmart = think I have been to Walmart maybe 12 times in my life. Last time I bought something there was probably 2 years ago or so.
 
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