America's Mega-Billionaires

Discussion in 'Economics & Trade' started by LafayetteBis, Mar 13, 2019.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

    Joined:
    Oct 24, 2016
    Messages:
    9,744
    Likes Received:
    2,086
    Trophy Points:
    113
    Gender:
    Male
    We are not in the latter part of the 19th century and I am not Karl Marx. But, when one looks at the raw economic data, one is left to wonder if anything at all has changed in America.

    We today should NOT BE LOOKING for socialism as those of the 19th century preached it. In practice, it has been shown to NOT FUNCTION ADEQUATELY.

    So, what next?

    Good question, and the answer was found in a place far more physically closer to the original Communism. That is, Europe. And it goes like this: Social Democracy - the definition of which, encapsulated, looks like this:
    Note the specific mention of "capitalist economy". What most people will read from that conjunction of words is "immoral" because from the very beginning landed-gentry owned the land upon which everybody else worked. And, given the arrival of the Industrial Age, it was also this same group (mostly newcomers who owned the means of production) that benefited most.

    If one reads the history of Great American Fortunes*, they will find that most generated their millions during the Industrial Revolution. And, boyz-'n-girlz, we are way beyond the Industrial Revolution! We are well into the Information Age, which has changed nothing - except to add a few more names to the Top-10 list below.

    Yes, if one looks at who is making the mega-billions today, it is a sad repeat of the Industrial Age. BigBigMUNEY is in the hands of a select few! Namely these here on Forbes' list: The Full List Of Every American Billionaire 2016 - of which the top-ten:
    My Point: Does a nation need a bunch of billionaires in a day-and-age when 14% of its population is eking out a living below the Poverty Threshold ($25K a year income)? Yes, that makes for about 45 million American men, women and children ...

    *The history of Great Fortunes actually starts with the land-grands of the British king in the 18th century. Why do you think Pennsylvania is constructed of William "Penn" and "sylvania" meaning forest in latin. America's history of Great Fortunes has been all downhill ever since because the US will not enact either higher Income Taxation or near-confiscatory Death Taxation.
     
    Last edited: Mar 13, 2019
  2. Zorro

    Zorro Well-Known Member

    Joined:
    Jun 13, 2015
    Messages:
    77,000
    Likes Received:
    51,699
    Trophy Points:
    113
    You need to keep an eye on these Mega Tech Corporations.

    Facebook is reportedly under criminal investigation over deals that gave Apple, Amazon, and other companies access to user data.

    Fortunately Democrats have expressed a great deal of enthusiasm for far-ranging criminal investigations in the Trump era, time for us to get the bottom of this Apple, Amazon Facebook think with our user data.
     
  3. Jimmy79

    Jimmy79 Banned

    Joined:
    Nov 28, 2014
    Messages:
    9,366
    Likes Received:
    5,074
    Trophy Points:
    113
    Hey Another thread about how evil wealth is. Since you dont have a recognizable point, can we just skip to the part where you say all their wealth should be taken away and given to the people that made sure they would never have any wealth themselves?
     
  4. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    A few Chinese billionaires just led 800 million from starvation to the middle class. Yes billionaires are our most valuable resource.
     

Share This Page