- Joined
- Jan 19, 2017
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- 8,182
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- Location
- Nassau County, Long Island
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- Political Leaning
- Conservative
People should have the freedom to succeed and become rich.
Becoming rich is the incentive that drives investment, productivity, and innovation. No innovation ever came out of socialist countries.
So when they earn 500 million they should just shut down their operations...right?500 million
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(Let's pretend everything is spelled correctly in the title.)
The top 10% of wealthy Americans own 70% of America's wealth.
(Let's pretend everything is spelled correctly in the title.)
I don't think it should be impossible to be a billionaire, but I don't see the point of hoarding this much money. It just seems unhealthy to me to be hoarding this much money.
Let me know when that happens. :roll:
What amount should be the limit?
The limit should be when you are able to self finance an election at the rate of 7 million a day. If you've got that much money to burn on a fools errand, you probably don't pay enough in taxes.
Я Баба Яга [emoji328]
Because Emotions > ReasonWhy?..
I have noticed this as well. There seems to be some kind of implicit belief that the wealthy keep it all in giant money silos, a'la Scrooge McDuck.Do most billionaires "hoard" their money, distraff? From what I understand, most billionaires' wealth is not made up of cash locked in a vault, but in investments. Warren Buffet and Jeff Bezos's wealth seems to be mainly made up of ownership of stock in healthy businesses. If their investments do not succeed ( i.e., the businesses do not succeed) their wealth dissipates.
Do most billionaires "hoard" their money, distraff? From what I understand, most billionaires' wealth is not made up of cash locked in a vault, but in investments. Warren Buffet and Jeff Bezos's wealth seems to be mainly made up of ownership of stock in healthy businesses. If their investments do not succeed ( i.e., the businesses do not succeed) their wealth dissipates.
1. You are well overinflating their "power".It's too much power for one person to have imo
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Because Emotions > Reason
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I have no problem with a person having any amount of money providing
1- it is earned both legally and ethically
2- they pay their fair share to the government of our country and state
As Warren Buffet famously is said to have observed - there is something wrong with our system when the secretary and the billionaire pay the same rate of taxes. Or even worse - the secretary pays a higher rate than the billionaire.
Yes, here's a visual that can help you understand the scale of what a billion dollars actually is.
Visual Representation of a Million Vs a Billion Dollars w/ Rice
Enough to start a business or invest in one while leaving plenty for your kids but not an obscene enough amount to buy governments
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Do you have proof or this?
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