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Thread: Billionaires Blast off

  1. Top | #291
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    Quote Originally Posted by SLD View Post
    Quote Originally Posted by Swammerdami View Post
    Quote Originally Posted by DBT View Post

    I am pointing out that excessive accumulation of wealth in the hands of a small percentage of the population is not good for society or the economy, and I have given the reasons why.....which you just ignore or brush aside.
    I agree that wealth inequality is an increasing problem, and that limiting giga-fortunes with a wealth tax may be a good idea. And I'd like to see a return of labor union power in the U.S. And I agree that Amazon and Walmart have generated wealth off the sweat of their workers.

    BUT, it is oversimplified to attribute all corporate wealth to worker exploitation. Do Apple, Microsoft or Pfizer underpay their workers?
    I agree. It’s not one thing or another only. Either libertarian economics or communism. We had a capitalistic economy in the 50’s but 91% marginal tax rates. I don’t think we need to go that high. And ther were a variety of ways to reduce that. But I do think we should go back to 70% rates for any amounts over $1,000,000.

    We also need to consider a revenue tax vs. a profits tax. Amazon has trillions of dollars in sales a year. Through accounting gimmicks, it makes no profit usually so it pays no taxes. A 5% revenue tax would bring in significant revenue. Probably enough to balance the budget.
    Do you really think that? Why do you think that the European countries have mostly abandoned wealth taxes?

  2. Top | #292
    Content Thief Elixir's Avatar
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    Quote Originally Posted by Derec View Post
    Quote Originally Posted by Elixir View Post
    When the majority is 99.9999%, yeah.
    You disagree. So dictatorship of the .0001%?
    That's a false dichotomy.
    That’s an ignorant quip, not an argument.
    We have tyranny of minority. You may lack the awareness to realize it, but you’re the perfect rube, perpetuating the status quo.
    I encourage you to think real hard about whose welfare is more important- the 99.9999 percent or the billionaires. Then think about which group a government should serve.

  3. Top | #293
    Contributor DrZoidberg's Avatar
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    Quote Originally Posted by DBT View Post
    Quote Originally Posted by DrZoidberg View Post
    Quote Originally Posted by SLD View Post
    Does anyone else find themselves secretly hoping that one of them explodes?

    That’s wrong I know, but what’s the point of these trips? They aren’t advancing science. They’re just going a multi million dollar thrill ride.
    I don't. This is how technological progress is made.

    Somebody constructs the wheels, the struts, the engine, wings, seats, propeller so the 'rich guy' can realize their dream. Where they all working for a fair wage, or the bare minimum?
    Or you could just shut up about that and enjoy the fact that you now have a cell phone thanks to rich idiots like Bezos.

  4. Top | #294
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    Quote Originally Posted by DrZoidberg View Post
    ...This is how technological progress is made....

    No.

    That is how it WAS made.

    We kidnapped a bunch of German rocket scientists and funded them massively and we figured out how to fairly consistently put payloads into space and bring them back.

    Now some humans have become so rich they can perform a tiny function the government also performs.

    Rocket design and construction.

  5. Top | #295
    Content Thief Elixir's Avatar
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    Ants are smarter than Republicans.


  6. Top | #296
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    That has some connection to game theory. I am far from an expert.

    But the best way to gain for yourself is to live in a cooperative environment.

    A competitive environment has losers as well as winners.

    You have no guarantee you will be a winner.

  7. Top | #297
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    I see Tesla reported a QUARTERLY profit of $1.2 billion dollars. A couple of things on that, Musk will no doubt be well rewarded for that, seventh straight quarter of profit I believe. Why does the government continue to subsidize the purchase of these overpriced cars with tax credits ?

  8. Top | #298
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    Quote Originally Posted by Shadowy Man View Post
    Bezos is donating $200M to the Smithsonian, so it’s not like he’s only spending his fortune on himself. I don’t understand all the hate for these rocket flights. We don’t know who it will inspire or what technological advancements may come. What should he do, ride around the Mediterranean on a super yacht doing very unsavory things like some other super rich folks who have been in the news lately?
    Please. In the time it will take me to type out this post, Bezos will have recouped the bulk of that $200M. Plus, his donation will display his name so it's just another ego massage.

    To me, there are 3 big issues:

    1. No person, no matter how benevolent, should control that much wealth and resources. Bezos isn't benevolent and has made the bulk of his fortune by underpaying and abusing his workers. If he wants to do the right thing, he can start by paying Amazon employees properly and, btw, not shortchanging and bullying vendors, be more careful about selling fake/knock off products and also maybe start looking at Amazon's environmental impact since he's obviously too insecure to look at his own.

    2. I am also certain that, as in the past, there will be a great deal of technical advances that come from billionaire's vanity projects. And I am even more certain that Bezos will do his best to capitalize and monetize every single one of those advances and keep the money for himself because...his ego is just that big and so is the hole in him where a soul and a conscious should be.

    3. No private person should be able to command any amount of airspace or claim it as their own. It's far, far, far too dangerous and it's morally wrong.

    And...I just thought of another reason so it's really 4 reasons:

    4. Numbnuts Jeff Bezos apparently thinks the best place to send our garbage is into space. I'm sure he has a plan for that right now.

    What Bezos and his kindred really want is to be king of the world, He doesn't want to have to mess with stupid elections a la Trump: that would risk failure and exposure of all his dirty secrets. He simply wants to buy the world and run things as he thinks they should be run. If Amazon is any sort of preview of his vision for the world, then that would be hugely disastrous, beyond my vocabulary to express.

  9. Top | #299
    Veteran Member TV and credit cards's Avatar
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    Quote Originally Posted by Shadowy Man View Post
    Bezos is donating $200M to the Smithsonian, so it’s not like he’s only spending his fortune on himself. I don’t understand all the hate for these rocket flights. We don’t know who it will inspire or what technological advancements may come. What should he do, ride around the Mediterranean on a super yacht doing very unsavory things like some other super rich folks who have been in the news lately?
    As a percentage of his wealth, $200M is what? Not that he is obligated to give a red cent to charity.

    We don’t know if any technological advances will be shared either. Musk shares with NASA and has given permission for NASA to share with whomever.

    No he should not ride around the Med in a super yacht. Now that he has discovered the joy of vast wealth, he should discover the joy of helping humanity. And if he can’t find it himself, he can look to his ex for help.

  10. Top | #300
    Loony Running The Asylum ZiprHead's Avatar
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    Quote Originally Posted by DrZoidberg View Post
    Quote Originally Posted by SLD View Post
    Does anyone else find themselves secretly hoping that one of them explodes?

    That’s wrong I know, but what’s the point of these trips? They aren’t advancing science. They’re just going a multi million dollar thrill ride.
    I don't. This is how technological progress is made.

    How much progress is being hindered by most of the country being poorly paid and only a few billionaires making progress for their own ends? There are smart people in all walks of life that could make technological progress if they had the means and the time.
    When conservatives realize they cannot win democratically, they will not abandon conservatism. They will abandon democracy.

    Poverty exists not because we cannot feed the poor but because we can't satisfy the rich.

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