World's 85 richest have same wealth as 3.5 BILLION poorest

[jem]

its not a conspiracy its fact.

lefties like you do the bidding of the private central bank pretending there is a reason for an inheritance tax. or income taxes.

why the hell should a person's income be stolen from him via taxes... or the inheritance tax? income and inheritance taxes are just population control. they are completely unnecessary when the govt runs trillion dollar deficits. why not just print a little more an end the income tax.

The private central bank creates trillions of dollars on its own and sends the money all over the world so the u.s. currency gets devalued year after year. there is no reason for an income tax.


Also note, perhaps it would not be so profitable leveraging up if the govt did not go along with the cronies on too big to fail.

This is not a anti bank rant as much as an anti tax argument. The lefts response to the inequality is more govt and more taxes. The reality is more taxes and more govt supports more wealth concentration in the hands of the cronies. Limited govt has always been the most fair.

You're suggesting there's some conspiracy to control wealth in the banking sector. The truth is it's much easier to get wealthy buying and selling assets on leverage than it is by being a doctor, lawyer, or business owner. It's not a conspiracy. People are adapting.

 

[nitro]

Says a man running the biggest corporate machinery mankind has ever known.

I don't disagree. For example:

http://www.thoughtleader.co.za/kaguremugo/2014/01/16/the-church-has-more-money-than-god/

However, I believe that this pope means what he says. It would be impossible for him to dissolve the entire church, fire all the cardinals etc. He has to work within the confines of what he is elected to do.

Same thing with Obama. I truly believe that he wants to do everything he says. He just can't do it and not risk the security of the country, etc.

Compromise is somehow at the heart of all of these things, and concience is what motivates us to compromise.

 

[arbs-r-us]

Really? I think there are 3.5 Billion people who never should have been born in the first place. Whaddaya think of that?

In spite of Leftist propaganda, the makers have no obligation to support the takers for their entire lives.

(I'm a Darwinist... "provide for yourself or do the world a solid by dying and stop being a drain on society" Nobody should be "obliged" to support another just because they are alive"... parsites likely shouldn't have been allowed to be born in the first place.)

Yeah baby!

 

[Scataphagos]

I don't disagree. For example:

http://www.thoughtleader.co.za/kaguremugo/2014/01/16/the-church-has-more-money-than-god/

"... Obama. I truly believe that he wants to do everything he says.

He wants even more to do things he hasn't said.

You have waaayyyy to much confidence in him.

 

[badnewsbear]

its not a conspiracy its fact.

lefties like you do the bidding of the private central bank pretending there is a reason for an inheritance tax. or income taxes.

why the hell should a person's income be stolen from him via taxes... or the inheritance tax? income and inheritance taxes are just population control. they are completely unnecessary when the govt runs trillion dollar deficits. why not just print a little more an end the income tax.

The private central bank creates trillions of dollars on its own and sends the money all over the world so the u.s. currency gets devalued year after year. there is no reason for an income tax.


Also note, perhaps it would not be so profitable leveraging up if the govt did not go along with the cronies on too big to fail.

This is not a anti bank rant as much as an anti tax argument. The lefts response to the inequality is more govt and more taxes. The reality is more taxes and more govt supports more wealth concentration in the hands of the cronies. Limited govt has always been the most fair.

You want to have the cake and eat it too?

Such a delusional little twat you are.

 

[Grandluxe]

I don't have a problem. These billionaires have nothing to do with me. It is always easy to take out your own failings on others by stealing from them. You have done nothing to deserve anything from them.

 

[walter4]

Outlaw inheritance. Problem solved..

The WRONG and DANGEROUS thing about wealthy people is money retention. Money needs to circulate to stimulate economy. Earn -> Spend -> Earn. Money goes around, makes a full circle, everybody's happy. If you pile up money and don't spend it, you drain economy. Now I don't mind rich people being rich or poor people being poor, I have a problem with the money retention which kind of clashes with the "I don't have a problem..." statement, but I hope I won't be misunderstood.

When you have a lot of money, what do you want? More money. Not because you need it, but because at that point it becomes a trophy and the more you have it the more you can brag about it before others in the same category. Like comparing stuffed animals between hunter friends.

Like if we could set a limit of how much money is enough for a decent living (say $1mil/year) and say all income (personal and corporate) above that amount would be retained by the government and spent on road infrastructure, education, healthcare system...to keep the money flowing (employ people, encourage spending...). Of course that is just from the top of my head, but if you get the point you will agree if we implement that, we would really have something going. Of course, capitalism and socialism don't go together so that would never work. I guess that is why world's 85 richest have same wealth as 3.5 billion poorest.

 

[jem]

this is what a leftist drones do when their delusional statements about taxes and govt are confronted by truth.

end income taxes now... they are just population control.

as far as me wanting the cake my father earned.
my dad passed away a few years ago. my mom is likely to burn through the majority of what was left because she is afraid to invest any money.

so this is not about me... its about america's selfish left be prevented from screwing future generations out of what is left of the hard work or previous generations.

You want to have the cake and eat it too?

Such a delusional little twat you are.

 

[toc]

Those 3.5 billion enable the 85 to have those lifestyles.

I support very high inheritance taxes. There's absolutely no reason for kids of the superwealthy to be born into billions and have no idea how to build something from scratch. Say a 40-50% tax on all assets. Enforcing it is completely different issue.
The government is extremely poor at making wise investment decisions but you have to admit that they're the perfect lavish spenders of (other people's) money.

High inheritance tax will discourage people from working more hard. May be inheritance can be taxed at long term capital gains rate or something. It is not the tax that solves the issue, the main thing is to have poor get more disposable income in their pockets to save and also consume more. That gives a boost to the economy and those who work really hard and smart also end up getting rich and mega rich.

 

[swingtrader123]

this is what a leftist drones do when their delusional statements about taxes and govt are confronted by truth.

end income taxes now... they are just population control.

as far as me wanting the cake my father earned.
my dad passed away a few years ago. my mom is likely to burn through the majority of what was left because she is afraid to invest any money.

so this is not about me... its about america's selfish left be prevented from screwing future generations out of what is left of the hard work or previous generations.

The problem is not taxes. They are required. Without taxes, there will be no income for the government. Without income, how can the government provide/maintain the infrastructure that business need to be competitive? Also what about the maintaining a military for country defense. How is the government going to pay for that? A little forgotten fact is that a lot of the basic research and development are performed by the government. The result of that research is then used by private business to generate profit (like memory foam/ Tempurpedic). The hope is that business using those basic research will generate income which goes back to the government in form of income tax. Unfortunately, this is not the case. Multinational business have skewed the tax code so that they can offshore their income to an extent that they pay little or no income tax (some thing national and small business can't do). If we were to eliminate the tax loop holes for the super wealthy and the multinationals, we can reduce the taxes paid by the middle class and small business. It is unfortunate that the politicians have convinced US citizens that taxes are not required. Taxes are required. The real question is who is going to pay. The super rich or the middle class? Currently due to the influences of the super rich, the middle class is footing the burden while they enjoy the benefits provided by the government and their politicians.