The myth that the "1%" own everything

[Troyg39]

Why not do what Friedman suggests and put a 25% cap on the highest of taxes? As he says it wouldn't be prudent to spend money avoid taxes for such a small amount and would thus be getting more money from less tax percentages because it isn't really feasible to hide the money anymore.

That is a compromise where the people don't get hurt as backlash from the wealthy and the gov't still gets their money

I think that's a great idea. The only issue with that is putting a cap on a tax doesn't eliminate a tax-exemption. And it doesn't stop anyone from protecting more money through those exemptions in addition to benefiting from the cap in taxes they do have to pay. Just like eliminating an exemption doesn't stop a company from offsetting tax cost via employees.

Look I personally don't agree with this vendetta against corporations either. I don't think the current tax structure is fair, mainly because of corporations being able to operate as people and corporations when it benefits them. But the political debate on this issue doesn't solve anything on either end. It's basically do we make more money for the IRS or do we help corporations save more money. None of it truly benefits another party if we're being honest. Still, due to repercussions and actions that will be taken due to legislation, yes it would be better to act in support of corporations as opposed to what democrats are trying to do

 

[Aim64C]

I think that's a great idea. The only issue with that is putting a cap on a tax doesn't eliminate a tax-exemption. And it doesn't stop anyone from protecting more money through those exemptions in addition to benefiting from the cap in taxes they do have to pay. Just like eliminating an exemption doesn't stop a company from offsetting tax cost via employees.

Look I personally don't agree with this vendetta against corporations either. I don't think the current tax structure is fair, mainly because of corporations being able to operate as people and corporations when it benefits them. But the political debate on this issue doesn't solve anything on either end. It's basically do we make more money for the IRS or do we help corporations save more money. None of it truly benefits another party if we're being honest. Still, due to repercussions and actions that will be taken due to legislation, yes it would be better to act in support of corporations as opposed to what democrats are trying to do

The answer is relatively simple.

"Blow it all up."

Get rid of the IRS. Get rid of the income tax. Get rid of capital gains tax. End every single tax and fee originating from the federal government except for one: a tax on state revenues.

In exchange for enjoying the benefits of being part of the Union, States pay dues to the federal government as determined from their revenues.

The next thing is to get rid of the Federal Reserve - or, rather, get rid of the relationship the federal reserve has. Return to a gold and/or silver backed standard of currency and enact a law that allows anyone who suggests returning to a fiat currency to be executed on the spot, preferably with a cactus inserted via the rectum.

Get rid of any government institution that is not specifically listed in the Constitution as being an obligation of the federal government. That means "income security" and other such social work programs go bye-bye. Social security is liquidated, and the idiots who spent their whole lives paying into a system designed to steal from their grandchildren can just go suck a lemon.

It would literally destroy the current economy. No doubt about it. But, it would basically be a simultaneous destruction of the old economy and a declaration of a new one in one fell swoop.

It would ultimately be for the better.

We don't really get an option of whether or not our current economy is destroyed. That much is a mathematical certainty. This just gives us the opportunity to proceed in a somewhat orderly fashion compared to the alternatives.

 

[YowYan]

The answer is relatively simple.

"Blow it all up."

Get rid of the IRS. Get rid of the income tax. Get rid of capital gains tax. End every single tax and fee originating from the federal government except for one: a tax on state revenues.

In exchange for enjoying the benefits of being part of the Union, States pay dues to the federal government as determined from their revenues.

The next thing is to get rid of the Federal Reserve - or, rather, get rid of the relationship the federal reserve has. Return to a gold and/or silver backed standard of currency and enact a law that allows anyone who suggests returning to a fiat currency to be executed on the spot, preferably with a cactus inserted via the rectum.

Get rid of any government institution that is not specifically listed in the Constitution as being an obligation of the federal government. That means "income security" and other such social work programs go bye-bye. Social security is liquidated, and the idiots who spent their whole lives paying into a system designed to steal from their grandchildren can just go suck a lemon.

It would literally destroy the current economy. No doubt about it. But, it would basically be a simultaneous destruction of the old economy and a declaration of a new one in one fell swoop.

It would ultimately be for the better.

We don't really get an option of whether or not our current economy is destroyed. That much is a mathematical certainty. This just gives us the opportunity to proceed in a somewhat orderly fashion compared to the alternatives.

How refreshing to see you being straightforward. Lol

Good post

 

[EKSITE]

56% of Americans will be in the top 10% once in there life ? noooooooooooooooooo

The top 400 richest Americans make up over $2 trillion dollars that isn't even 1% of the 1%.

Spoiler

#1 Bill Gates $78.8 B $81 B 59 Medina, WA Microsoft
#2 Warren Buffett $66.4 B $67 B 84 Omaha, NE Berkshire Hathaway
#3 Larry Ellison $48.5 B $50 B 70 Woodside, CA Oracle
#4 Jeff Bezos $47.6 B $30.5 B 51 Seattle, WA Amazon.com
#5 Mark Zuckerberg $41.7 B $34 B 31 Palo Alto, CA Facebook
#6 Charles Koch $40.2 B $42 B 79 Wichita, KS diversified
#6 David Koch $40.2 B $42 B 75 New York, NY diversified
#8 Michael Bloomberg $37.7 B $35 B 73 New York, NY Bloomberg LP
#9 Christy Walton $35.7 B $38 B 60 Jackson, WY Wal-Mart
#10 Jim Walton $34.7 B $36 B 67 Bentonville, AR Wal-Mart

#11 Larry Page $33.9 B $31.5 B 42 Palo Alto, CA Google
#12 Alice Walton $33.6 B $34.9 B 65 Fort Worth, TX Wal-Mart
#13 Sergey Brin $33.3 B $31 B 41 Los Altos, CA Google
#14 S. Robson Walton $33.3 B $34.8 B 71 Bentonville, AR Wal-Mart
#15 Sheldon Adelson $28.4 B $32 B 81 Las Vegas, NV casinos
#16 Forrest Mars Jr $25.7 B $22 B 83 Big Horn, WY candy
#16 Jacqueline Mars $25.7 B $22 B 75 The Plains, VA candy
#16 John Mars $25.7 B $22 B 79 Jackson, WY candy
#19 Phil Knight $25 B $19.9 B 77 Hillsboro, OR Nike
#20 George Soros $24.2 B $24 B 84 Katonah, NY hedge funds

#21 Steve Ballmer $22.2 B $22.5 B 59 Hunts Point, WA Microsoft
#22 Carl Icahn $21.2 B $26 B 79 New York, NY investments
#23 Laurene Powell Jobs $21.1 B $16.6 B 51 Palo Alto, CA Apple, Disney
#24 Len Blavatnik $19.9 B $21.5 B 58 London diversified
#25 Anne Cox Chambers $18.7 B $16.1 B 95 Atlanta, GA media
#26 Michael Dell $18.3 B $17.7 B 50 Austin, TX Dell
#27 Paul Allen $17.4 B $17 B 62 Mercer Island, WA Microsoft, investments
#28 Charles Ergen $16.6 B $17.2 B 62 Denver, CO Dish Network
#29 Ray Dalio $15.4 B $15.2 B 65 Greenwich, CT hedge funds
#30 Thomas Peterffy $15.3 B $9.1 B 70 Palm Beach, FL discount brokerage

#31 Donald Bren $15.2 B $15.1 B 83 Newport Beach, CA real estate
#32 Ronald Perelman $14.6 B $14.5 B 72 New York, NY leveraged buyouts
#33 James Simons $14 B $12.5 B 77 East Setauket, NY hedge funds
#34 Elon Musk $13.5 B $10.3 B 44 Los Angeles, CA Tesla Motors
#35 Rupert Murdoch $13.4 B $14.2 B 84 New York, NY media
#36 Philip Anschutz $13.1 B $11.1 B 75 Denver, CO investments
#37 Jack Taylor $12.8 B $13.8 B 92 St. Louis, MO Enterprise Rent-A-Car
#38 Andrew Beal $12.7 B $12.1 B 62 Dallas, TX banks, real estate
#39 Patrick Soon-Shiong $12.5 B $12 B 63 Los Angeles, CA pharmaceuticals
#40 Abigail Johnson $12.4 B $13.3 B 53 Milton, MA money management

#41 Stephen Schwarzman $12 B $10.6 B 68 New York, NY investments
#42 Steve Cohen $11.4 B $10.3 B 59 Greenwich, CT hedge funds
#43 John Paulson $11.2 B $13.7 B 59 New York, NY hedge funds
#44 Charles Butt $10.4 B $9.8 B 77 San Antonio, TX supermarkets
#45 David Tepper $10.4 B $10 B 57 Livingston, NJ hedge funds
#46 Richard Kinder $10.2 B $10.7 B 70 Houston, TX pipelines
#47 Eric Schmidt $10 B $9.3 B 60 Atherton, CA Google
#48 Dustin Moskovitz $9.8 B $8.1 B 31 San Francisco, CA Facebook
#49 Leonard Lauder $9.5 B $8.2 B 82 New York, NY Estee Lauder
#50 Blair Parry-Okeden $9.3 B $8 B 64 Scone media

#50 Jim Kennedy $9.3 B $8 B 67 Atlanta, GA media
#52 George Kaiser $9.3 B $10.6 B 72 Tulsa, OK oil & gas, banking
#53 Thomas Frist Jr $9.2 B $7.6 B 76 Nashville, TN health care
#54 Samuel Newhouse Jr $9.1 B $9.5 B 87 New York, NY media
#55 John Menard Jr $8.9 B $7.9 B 75 Eau Claire, WI retail
#56 Pierre Omidyar $8.8 B $8.2 B 48 Honolulu, HI Ebay
#57 Harold Hamm $8.5 B $18.7 B 69 Oklahoma City, OK oil & gas
#58 John Malone $8.4 B $7.7 B 74 Elizabeth, CO cable television
#59 Donald Newhouse $8.3 B $8.7 B 85 Somerset County, NJ media
#60 Jan Koum $7.9 B $7.6 B 39 Santa Clara, CA WhatsApp

#61 Hank & Doug Meijer $7.8 B $8 B - Grand Rapids, MI supermarkets
#62 Micky Arison $7.8 B $6.4 B 66 Bal Harbour, FL Carnival Cruises
#63 James Goodnight $7.6 B $7.7 B 72 Cary, NC software
#64 Ken Griffin $7.2 B $5.5 B 46 Chicago, IL hedge funds
#65 Eli Broad $7.1 B $7.2 B 82 Los Angeles, CA investments
#66 Charles Schwab $7.1 B $6.5 B 77 Atherton, CA discount brokerage
#67 Leslie Wexner $7.1 B $6.2 B 77 New Albany, OH retail
#68 Edward Johnson III $6.9 B $7.3 B 85 Boston, MA money management
#69 Carl Cook $6.9 B $6 B 52 Bloomington, IN medical devices
#70 David Geffen $6.9 B $6.7 B 72 Malibu, CA entertainment

#71 Ralph Lauren $6.8 B $8 B 75 New York, NY Ralph Lauren
#72 David Duffield $6.7 B $7.4 B 74 Blackhawk, CA business software
#73 Richard LeFrak $6.6 B $5.8 B 69 New York, NY real estate
#74 Stephen Ross $6.5 B $6 B 75 New York, NY real estate
#75 Jin Sook & Do Won Chang $6.4 B $5.2 B 60 Beverly Hills, CA fashion retail
#76 Stanley Kroenke $6.3 B $5.7 B 67 Columbia, MO sports, real estate
#77 Ira Rennert $6.1 B $6.3 B 81 New York, NY investments
#78 David Green $6.1 B $5 B 73 Oklahoma City, OK retail
#79 Kelcy Warren $6 B $6.1 B 59 Dallas, TX pipelines
#80 Charles Johnson $6 B $6.7 B 82 Palm Beach, FL money management

#81 Bruce Halle $6 B $4.7 B 85 Paradise Valley, AZ tires
#82 Gordon Moore $5.8 B $7 B 86 Woodside, CA Intel
#83 Randal Kirk $5.8 B $3.1 B 61 Manalapan, FL pharmaceuticals
#84 Herbert Kohler Jr $5.7 B $5.6 B 76 Kohler, WI plumbing fixtures
#85 Pauline MacMillan Keinath $5.7 B $3.8 B 81 St. Louis, MO Cargill
#86 Dennis Washington $5.6 B $6 B 81 Missoula, MT construction, mining
#87 Sumner Redstone $5.6 B $6.5 B 92 Beverly Hills, CA Media
#88 Robert Rowling $5.6 B $6 B 61 Dallas, TX investments
#89 George Lucas $5.5 B $4.3 B 71 San Anselmo, CA Star Wars
#90 Richard DeVos $5.5 B $6 B 89 Holland, MI Amway

#91 Rupert Johnson Jr $5.4 B $6.3 B 74 Burlingame, CA money management
#92 Travis Kalanick $5.3 B $3 B 38 San Francisco, CA Uber Technologies
#93 Leonard Stern $5.3 B $4.9 B 77 New York, NY real estate
#94 George Roberts $5.2 B $5.1 B 71 Atherton, CA private equity
#95 Henry Kravis $5.2 B $5 B 71 New York, NY private equity
#96 Phillip Frost $5.2 B $3.7 B 78 Miami Beach, FL pharmaceuticals
#97 Michael & Marian Ilitch $5.1 B $4 B 86 Bingham Farms, MI pizza
#98 Bruce Kovner $5 B $4.9 B 70 New York, NY hedge funds
#99 Daniel Ziff $5 B $4.9 B 43 New York, NY investments
#99 Dirk Ziff $5 B $4.9 B 51 North Palm Beach, FL investments

#99 Robert Ziff $5 B $4.9 B 48 New York, NY investments
#102 Dannine Avara $5 B $7 B 51 Houston, TX pipelines
#103 Leon Black $4.9 B $5.2 B 64 New York, NY private equity
#104 Milane Frantz $4.9 B $7 B 45 Houston, TX pipelines
#104 Scott Duncan $4.9 B $7 B 32 Houston, TX pipelines
#106 Ray Lee Hunt $4.9 B $6.1 B 72 Dallas, TX oil, real estate
#107 Randa Williams $4.9 B $7 B 53 Houston, TX pipelines
#108 Charles Dolan $4.8 B $3.9 B 88 Oyster Bay, NY cable television
#109 Daniel Gilbert $4.8 B $4.2 B 53 Franklin, MI Quicken Loans
#110 Ted Lerner $4.8 B $4.5 B 89 Chevy Chase, MD real estate

#111 Ann Walton Kroenke $4.8 B $5 B 66 Columbia, MO Wal-Mart
#112 Sam Zell $4.8 B $4.8 B 73 Chicago, IL real estate, private equity
#113 Mark Shoen $4.7 B $4 B 63 Phoenix, AZ U-Haul
#114 Whitney MacMillan $4.7 B $3.8 B 86 Minneapolis, MN Cargill
#115 John A. Sobrato $4.6 B $4.6 B 76 Atherton, CA real estate
#116 Paul Tudor Jones II $4.6 B $4.3 B 60 Greenwich, CT hedge funds
#117 Elizabeth Holmes $4.5 B $4.5 B 31 Palo Alto, CA blood testing
#118 David Sun $4.4 B $4.8 B 63 Irvine, CA computer hardware
#118 John Tu $4.4 B $4.8 B 74 Rolling Hills, CA computer hardware
#120 Tamara Gustavson $4.4 B $3.6 B 53 Malibu, CA self storage

#121 Shahid Khan $4.4 B $4.5 B 65 Naples, FL auto parts
#122 Reinhold Schmieding $4.3 B $3.5 B 60 Naples, FL medical devices
#123 Jeffrey Skoll $4.3 B $3.8 B 50 Los Angeles, CA Ebay
#124 Trevor Rees-Jones $4.3 B $5.4 B 63 Dallas, TX oil & gas
#125 Robert Kraft $4.3 B $4 B 74 Brookline, MA New England Patriots
#126 Karen Pritzker $4.3 B $4.1 B 57 Branford, CT hotels, investments
#127 Andres Santo Domingo $4.2 B n/a 37 New York, NY beer
#128 Alejandro Santo Domingo $4.2 B n/a 38 New York, NY beer
#129 Isaac Perlmutter $4.2 B $3.5 B 72 Palm Beach, FL Marvel comics
#130 Jerry Jones $4.2 B $4.2 B 72 Dallas, TX Dallas Cowboys

#131 John Morris $4.2 B $4.5 B 67 Springfield, MO sporting goods retail
#132 Brian Acton $4.1 B $3.4 B 43 Palo Alto, CA WhatsApp
#133 David Shaw $4.1 B $3.8 B 64 New York, NY hedge funds
#134 Reid Hoffman $4.1 B $4.1 B 48 Palo Alto, CA LinkedIn
#135 John Doerr $4.1 B $3.3 B 64 Woodside, CA venture capital
#136 Stewart and Lynda Resnick $4.1 B $3.8 B - Beverly Hills, CA agriculture, water
#137 Nancy Walton Laurie $4 B $4.2 B 64 Henderson, NV Wal-Mart
#138 Marc Benioff $4 B $3.3 B 50 San Francisco, CA business software
#139 Donald Trump $4 B $4 B 69 New York, NY television, real estate
#140 Edward Roski Jr $4 B $3.7 B 76 Los Angeles, CA real estate

#141 Jerry Speyer $4 B $4 B 75 New York, NY real estate
#142 Ronald Lauder $4 B $3.8 B 71 New York, NY Estee Lauder
#143 Ronda Stryker $3.9 B $3.4 B 61 Portage, MI medical equipment
#144 Martha Ingram $3.9 B $3.9 B 79 Nashville, TN book distribution, transportation
#145 Kevin Plank $3.9 B $3 B 42 Lutherville, MD Under Armour
#146 Leon G. Cooperman $3.9 B $3.8 B 72 Short Hills, NJ hedge funds
#147 Israel Englander $3.8 B $3.4 B 66 New York, NY hedge funds
#148 Steven Rales $3.8 B $3.5 B 64 Santa Barbara, CA manufacturing
#149 Terrence Pegula $3.8 B $4.6 B 64 Boca Raton, FL natural gas
#150 Bernard Marcus $3.8 B $3 B 86 Atlanta, GA Home Depot

#151 George Lindemann $3.8 B $3.8 B 79 Palm Beach, FL investments
#152 John Sall $3.8 B $3.8 B 67 Cary, NC software
#153 Roger Wang $3.8 B $3.3 B 66 Nanjing retail
#154 Daniel Och $3.8 B $3.7 B 54 Scarsdale, NY hedge funds
#155 J. Christopher Reyes $3.7 B $3.7 B 61 Hobe Sound, FL food distribution
#155 Jude Reyes $3.7 B $3.7 B 59 Palm Beach, FL food distribution
#157 Jeffery Hildebrand $3.7 B $6.5 B 56 Houston, TX oil
#158 Lynn Schusterman $3.7 B $3.8 B 76 Tulsa, OK oil & gas, investments
#159 Tom & Judy Love $3.7 B $3.3 B 77 Oklahoma City, OK retail & gas stations
#160 Frederick Smith $3.7 B $3.5 B 70 Memphis, TN FedEx

#161 H. Ross Perot Sr $3.7 B $3.9 B 85 Dallas, TX computer services, real estate
#162 John Kapoor $3.7 B $2.4 B 71 Phoenix, AZ healthcare
#163 Steven Udvar-Hazy $3.7 B $3.7 B 69 Beverly Hills, CA aircraft leasing
#164 Walter Scott Jr $3.6 B $2.9 B 84 Omaha, NE utilities, telecom
#165 Sheldon Solow $3.6 B $3.6 B 87 New York, NY real estate
#166 Steven Spielberg $3.6 B $3.6 B 68 Pacific Palisades, CA Movies
#167 Mitchell Rales $3.6 B $3.8 B 58 Potomac, MD manufacturing, investments
#168 Jeremy Jacobs Sr $3.6 B $3.2 B 75 East Aurora, NY sports concessions
#169 Gwendolyn Sontheim Meyer $3.6 B $3.8 B 53 Rancho Santa Fe, CA Cargill
#170 Peter Kellogg $3.6 B $3.2 B 72 Short Hills, NJ investments

#171 Igor Olenicoff $3.6 B $3.3 B 72 Lighthouse Point, FL real estate
#172 Bubba Cathy $3.5 B n/a 61 Atlanta, GA Chick-Fil-A
#172 Dan Cathy $3.5 B n/a 62 Atlanta, GA Chick-Fil-A
#174 Hoang Kieu $3.5 B n/a 71 Los Angeles, CA pharmaceuticals
#175 Jim Davis $3.5 B $3.3 B 72 Newton, MA New Balance
#176 James Jannard $3.5 B $3 B 66 San Juan Islands, WA sunglasses
#177 Haim Saban $3.4 B $3.4 B 70 Beverly Hills, CA TV network, investments
#178 David Murdock $3.4 B $3 B 92 Los Angeles, CA Dole, real estate
#179 Julian Robertson Jr $3.4 B $3.3 B 83 New York, NY hedge funds
#180 Diane Hendricks $3.4 B $3.6 B 68 Afton, WI roofing

#181 Clayton Mathile $3.4 B $2.7 B 74 Brookville, OH pet food
#182 Robert Duggan $3.4 B $1.75 B 71 Palo Alto, CA pharmaceuticals
#183 Mary Alice Dorrance Malone $3.3 B $3 B 65 Coatesville, PA Campbell Soup
#184 Edward DeBartolo Jr $3.3 B $3.1 B 68 Tampa, FL shopping centers
#185 Jay Robert (J.B.) Pritzker $3.3 B $3.4 B 50 Chicago, IL hotels, investments
#186 Anthony Pritzker $3.3 B $3.4 B 54 Los Angeles, CA hotels, investments
#187 Harry Stine $3.3 B $2.6 B 73 Adel, IA agriculture
#188 Andrew & Peggy Cherng $3.3 B $3 B - Las Vegas, NV restaurants
#189 Archie Aldis Emmerson $3.2 B $3.3 B 86 Redding, CA timberland, lumber mills
#190 Austen Cargill II $3.2 B $2.6 B 64 Livingston, MT Cargill

#190 James Cargill II $3.2 B $2.6 B 66 Birchwood, WI Cargill
#190 Marianne Liebmann $3.2 B $2.6 B 62 Bozeman, MT Cargill
#193 Tom Gores $3.2 B $3 B 50 Beverly Hills, CA private equity
#194 Leandro Rizzuto $3.2 B $2.9 B 77 Sheridan, WY consumer products
#195 Jeff Sutton $3.2 B $3 B 55 Brooklyn, NY real estate
#196 Amos Hostetter Jr $3.2 B $3.1 B 78 Boston, MA cable television
#197 David Rockefeller Sr $3.2 B $3 B 100 Sleepy Hollow, NY oil, banking
#198 Dan Friedkin $3.1 B $3.3 B 50 Houston, TX Toyota dealerships
#199 Stanley Druckenmiller $3.1 B $3.1 B 62 New York, NY hedge funds
#200 H. Fisk Johnson $3.1 B $2.2 B 57 Racine, WI cleaning products

#200 Helen Johnson-Leipold $3.1 B $2.2 B 58 Racine, WI cleaning products
#200 Imogene Powers Johnson $3.1 B $2.2 B 85 Racine, WI cleaning products
#200 S. Curtis Johnson $3.1 B $2.2 B 60 Racine, WI cleaning products
#200 Winnie Johnson-Marquart $3.1 B $2.2 B 56 Virginia Beach, VA cleaning products
#205 Jorge Perez $3.1 B $3.1 B 65 Miami, FL condos
#206 Doris Fisher $3.1 B $3.3 B 83 San Francisco, CA Gap
#207 Thomas Pritzker $3.1 B $3.2 B 65 Chicago, IL hotels, investments
#208 John Catsimatidis $3.1 B $2.3 B 66 New York, NY oil, real estate, supermarkets
#209 Joan Tisch $3.1 B $3 B 89 New York, NY diversified
#210 Sean Parker $3 B $3 B 35 New York, NY Facebook

#211 Ray Davis $3 B $3.1 B 73 Dallas, TX pipelines
#212 James Leprino $3 B $3 B 77 Indian Hills, CO cheese
#213 Mark Cuban $3 B $2.7 B 56 Dallas, TX online media
#214 Wilbur Ross Jr $3 B $3 B 77 Palm Beach, FL investments
#215 Jeff Greene $3 B $3 B 60 Palm Beach, FL real estate, investments
#216 Neil Bluhm $3 B $2.8 B 77 Chicago, IL real estate
#217 Robert Rich Jr $3 B $3 B 74 Islamorada, FL frozen foods
#218 Warren Stephens $3 B $3 B 58 Little Rock, AR investment banking
#219 Oprah Winfrey $3 B $3 B 61 Montecito, CA TV shows
#220 Dagmar Dolby $3 B $3.5 B 74 San Francisco, CA Dolby Laboratories

#221 Jack Dangermond $2.9 B $2.7 B 70 Redlands, CA mapping software
#222 Howard Schultz $2.9 B $2.1 B 62 Seattle, WA Starbucks
#223 David Filo $2.9 B $3.3 B 49 Palo Alto, CA Yahoo
#224 Bernard Saul II $2.9 B $2.6 B 83 Chevy Chase, MD banking, real estate
#225 Edward Lampert $2.9 B $3.1 B 52 Miami Beach, FL Sears
#226 Donald Sterling $2.9 B $2.8 B 79 Beverly Hills, CA real estate
#227 David Rubenstein $2.9 B $3 B 65 Bethesda, MD private equity
#228 John Paul DeJoria $2.8 B $2.8 B 71 Austin, TX hair products, tequila
#229 John Fisher $2.8 B $3 B 54 San Francisco, CA Gap
#230 Daniel D'Aniello $2.8 B $3 B 68 Vienna, VA private equity

#231 Herbert Simon $2.8 B $2.3 B 80 Indianapolis, IN real estate
#232 Michael Moritz $2.8 B $2.5 B 60 San Francisco, CA venture capital
#233 W. Herbert Hunt $2.8 B $2.8 B 86 Dallas, TX oil
#234 Steve Wynn $2.8 B $3.5 B 73 Las Vegas, NV casinos, hotels
#235 William Conway Jr $2.8 B $3 B 65 McLean, VA private equity
#236 George Bishop $2.8 B $3 B 78 The Woodlands, TX oil & gas
#236 Richard Rainwater $2.8 B $2.7 B 71 Fort Worth, TX real estate, energy, insurance
#238 Robert Bass $2.7 B $3 B 67 Fort Worth, TX oil, investments
#239 Tilman Fertitta $2.7 B $2.4 B 58 Houston, TX restaurants, casinos
#240 Nicholas Woodman $2.7 B $3.9 B 40 Woodside, CA video cameras

#241 Kenneth Langone $2.7 B $2.4 B 79 Sands Point, NY investments
#242 Ken Fisher $2.7 B $2.7 B 64 Camas, WA money management
#243 A. Jerrold Perenchio $2.7 B $2.7 B 84 Bel Air, CA television, Univision
#244 Riley Bechtel $2.7 B $4 B 63 San Francisco, CA engineering, construction
#244 Stephen Bechtel Jr $2.7 B $4 B 90 San Francisco, CA engineering, construction
#246 Michael Rubin $2.7 B $2.7 B 43 Bryn Mawr, PA online retailing
#247 Stephen Bisciotti $2.7 B $2.6 B 55 Millersville, MD outsourcing, football
#248 Daniel Loeb $2.7 B $2.3 B 53 New York, NY hedge funds
#249 Herbert Louis $2.6 B $2.2 B 87 Phoenix, AZ cleaning products
#249 Josephine Louis $2.6 B $2.2 B 85 Winnetka, IL cleaning products

#249 Karen Johnson Boyd $2.6 B $2.2 B 91 Mount Pleasant, WI cleaning products
#252 H. Wayne Huizenga $2.6 B $2.6 B 77 Fort Lauderdale, FL investments
#253 William Ackman $2.6 B $1.7 B 49 New York, NY hedge funds
#254 Jimmy Haslam $2.6 B $1.8 B 61 Knoxville, TN retail
#255 Patrick Ryan $2.6 B $2.4 B 78 Winnetka, IL insurance
#256 Ron Burkle $2.6 B $2.6 B 62 London supermarkets, investments
#257 William Wrigley Jr $2.6 B $2.6 B 51 North Palm Beach, FL chewing gum
#258 Peter Buck $2.6 B $2.6 B 84 Danbury, CT Subway sandwich shops
#259 Fred DeLuca $2.6 B $2.6 B 67 Fort Lauderdale, FL Subway sandwich shops
#260 John Arnold $2.6 B $2.9 B 41 Houston, TX hedge funds

#261 Richard Schulze $2.6 B $2.6 B 74 Bonita Springs, FL Best Buy
#262 David Bonderman $2.6 B $2.6 B 72 Fort Worth, TX private equity
#263 Judy Faulkner $2.5 B $2.4 B 71 Madison, WI health IT
#264 Bharat Desai $2.5 B $2.5 B 62 Fisher Island, FL IT consulting
#265 Henry Samueli $2.5 B $2.2 B 60 Newport Beach, CA semiconductors
#266 Arthur Blank $2.5 B $2.2 B 72 Atlanta, GA Home Depot
#267 Forrest Preston $2.5 B $2 B 82 Cleveland, TN health care
#268 Gary Rollins $2.5 B $2.7 B 70 Atlanta, GA pest control
#269 Randall Rollins $2.5 B $2.7 B 83 Atlanta, GA pest control
#270 Joshua Harris $2.5 B $2.6 B 50 New York, NY private equity

#271 Henry Hillman $2.5 B $2.5 B 96 Pittsburgh, PA investments
#272 Dean White $2.5 B $2 B 92 Crown Point, IN billboards, hotels
#273 Barry Diller $2.5 B $2.4 B 73 New York, NY online media
#274 Ty Warner $2.5 B $2.3 B 70 Oak Brook, IL real estate, plush toys
#275 Romesh T. Wadhwani $2.5 B $2.5 B 67 Palo Alto, CA software
#276 Mortimer Zuckerman $2.5 B $2.4 B 78 New York, NY real estate, media
#277 Michael Milken $2.5 B $2.5 B 69 Los Angeles, CA investments
#278 Douglas Leone $2.5 B $2.1 B 58 Atherton, CA venture capital
#279 Min Kao $2.5 B $2.9 B 66 Leawood, KS navigation equipment
#280 B. Wayne Hughes $2.4 B $2.4 B 82 Lexington, KY self storage

#281 Penny Pritzker $2.4 B $2.5 B 56 Chicago, IL hotels, investments
#282 Phillip Ruffin $2.4 B $2.5 B 80 Las Vegas, NV casinos, real estate
#283 Timothy Headington $2.4 B $2.8 B 65 Dallas, TX oil & gas, investments
#284 Jean (Gigi) Pritzker $2.4 B $2.5 B 53 Chicago, IL hotels, investments
#285 Clemmie Spangler Jr $2.4 B $2.3 B 83 Charlotte, NC investments
#286 Robert McNair $2.4 B $2.4 B 78 Houston, TX energy, sports
#287 Jack Dorsey $2.4 B $2.7 B 38 San Francisco, CA Twitter
#288 James Dinan $2.4 B $2.2 B 56 New York, NY hedge funds
#289 Glen Taylor $2.3 B $1.7 B 74 Mankato, MN printing
#290 Joe Mansueto $2.3 B $2 B 58 Chicago, IL investment research

#291 Bennett Dorrance $2.3 B $2.1 B 69 Paradise Valley, AZ Campbell Soup
#292 Pat Stryker $2.3 B $2 B 59 Fort Collins, CO medical equipment
#293 Marc Rowan $2.3 B $2.5 B 53 New York, NY private equity
#294 Bill Gross $2.3 B $2.3 B 71 Laguna Beach, CA investments
#295 Tom Golisano $2.3 B $2.1 B 73 Naples, FL payroll services
#296 John Arrillaga $2.3 B $2.3 B 77 Portola Valley, CA real estate
#297 Don Hankey $2.3 B $2.1 B 72 Malibu, CA auto loans
#298 Johnelle Hunt $2.3 B $2.2 B 83 Fayetteville, AR trucking
#299 William Koch $2.3 B $3.3 B 75 Palm Beach, FL oil, investments
#300 Stephen Mandel Jr $2.3 B $2.1 B 59 Greenwich, CT hedge funds

#301 Thomas Siebel $2.3 B $2.3 B 62 Woodside, CA business software
#302 Jim Breyer $2.3 B $2.1 B 54 Woodside, CA venture capital
#303 Richard Peery $2.3 B $2.2 B 76 Palo Alto, CA real estate
#304 Ted Turner $2.2 B $2.2 B 76 Atlanta, GA cable television
#305 Meg Whitman $2.2 B $2 B 58 Atherton, CA Ebay
#306 Michael Jaharis $2.2 B $2.2 B 87 New York, NY pharmaceuticals
#307 Larry Robbins $2.2 B $1.7 B 45 Alpine, NJ hedge funds
#308 Peter Thiel $2.2 B $2.2 B 47 San Francisco, CA Facebook
#309 James Coulter $2.2 B $2.2 B 55 San Francisco, CA private equity
#310 John Brown $2.2 B $1.8 B 80 Portage, MI medical equipment

#311 Evan Williams $2.2 B $3.2 B 43 San Francisco, CA Twitter
#312 James France $2.2 B $2.1 B 70 Daytona Beach, FL Nascar, racing
#313 Daniel Pritzker $2.2 B $2.2 B 56 Marin County, CA hotels, investments
#314 Vincent Viola $2.2 B $1.7 B 59 New York, NY electronic trading
#315 John Pritzker $2.2 B $2.1 B 62 San Francisco, CA hotels, investments
#316 C. Dean Metropoulos $2.1 B $2.1 B 69 Greenwich, CT investments
#317 Gerald Ford $2.1 B $2.1 B 70 Dallas, TX banking
#318 Brad Kelley $2.1 B $2.1 B 58 Franklin, TN tobacco
#319 Julio Mario Santo Domingo III $2.1 B n/a 30 New York, NY beer
#319 Tatiana Casiraghi $2.1 B n/a 31 Paris beer

#321 Gordon Getty $2.1 B $2.1 B 81 San Francisco, CA Getty Oil
#322 Bob Parsons $2.1 B $1.9 B 64 Scottsdale, AZ web hosting
#323 Jonathan Nelson $2.1 B $1.6 B 59 Providence, RI private equity
#324 Chase Coleman III $2.1 B $1.9 B 40 New York, NY hedge fund
#325 Russ Weiner $2.1 B $2.5 B 45 Delray Beach, FL energy drinks
#326 Alec Gores $2.1 B $2.1 B 62 Beverly Hills, CA private equity
#327 Noam Gottesman $2.1 B $2.1 B 54 New York, NY hedge funds
#328 Jon Stryker $2.1 B $1.8 B 57 Kalamazoo, MI medical equipment
#329 S. Daniel Abraham $2.1 B $2 B 90 Palm Beach, FL Slim-Fast
#330 George Argyros $2 B $2.1 B 78 Newport Beach, CA real estate, investments

#331 Jeffrey Lorberbaum $2 B n/a 60 Chattanooga, TN flooring
#332 Ron Baron $2 B $2.1 B 72 New York, NY money management
#333 Scott Cook $2 B $1.85 B 63 Woodside, CA software
#334 Stanley Hubbard $2 B $2.1 B 82 St. Paul, MN DirecTV
#335 Glenn Dubin $2 B $1.9 B 58 New York, NY hedge funds
#336 Bruce Karsh $2 B $2 B 59 Los Angeles, CA private equity
#337 Thomas Lee $2 B $2 B 70 New York, NY leveraged buyouts
#338 Anita Zucker $2 B $2.3 B 63 Charleston, SC chemicals
#339 Howard Marks $1.99 B $2 B 69 New York, NY private equity
#340 Robert Pera $1.98 B $2.8 B 37 San Jose, CA wireless networking gear

#341 Fayez Sarofim $1.98 B $2.1 B 86 Houston, TX money management
#342 Edward Bass $1.96 B $2.3 B 70 Fort Worth, TX oil, investments
#342 Lee Bass $1.96 B $2.3 B 59 Fort Worth, TX oil, investments
#344 Ronald Wanek $1.95 B $1.9 B 74 St. Petersburg, FL furniture
#345 Victor Fung $1.94 B $2.5 B 69 Hong Kong trading company
#346 Stewart Rahr $1.94 B $1.9 B 69 New York, NY drug distribution
#347 John Farber $1.94 B $2 B 89 New York, NY chemicals
#348 Joseph Grendys $1.93 B $2.4 B 53 Chicago, IL meat processing
#349 Nelson Peltz $1.93 B $1.8 B 73 Bedford, NY investments
#350 Paul Singer $1.92 B $1.9 B 70 New York, NY hedge funds
#351 Mark Walter $1.91 B $1.75 B 54 Chicago, IL finance
#352 Drayton McLane Jr $1.91 B $2 B 79 Temple, TX Wal-Mart, logistics
#353 Joe Gebbia $1.9 B n/a 33 San Francisco, CA Airbnb
#353 Nathan Blecharczyk $1.9 B n/a 32 San Francisco, CA Airbnb
#355 David Einhorn $1.9 B $1.8 B 46 Westchester County, NY hedge funds
#356 Thomas Secunda $1.9 B $1.75 B 61 Croton-on-Hudson, NY Bloomberg LP
#357 Kavitark Ram Shriram $1.89 B $1.9 B 58 Menlo Park, CA venture capital, Google
#358 Brian Chesky $1.89 B n/a 33 San Francisco, CA Airbnb
#359 Norman Braman $1.88 B $1.9 B 82 Miami, FL art, car dealerships
#360 Jonathan Gray $1.88 B $1.6 B 45 New York, NY investments
#361 Henry Nicholas III $1.87 B $1.6 B 55 Newport Coast, CA semiconductors
#362 Marc Lasry $1.87 B $1.8 B 54 New York, NY hedge funds
#363 Tom Benson $1.87 B $1.6 B 88 New Orleans, LA New Orleans Saints
#364 Amy Wyss $1.85 B n/a 44 Wilson, WY medical devices
#365 Hamilton James $1.85 B $1.7 B 63 New York, NY investments
#366 Linda Pritzker $1.85 B $1.85 B 61 Missoula, MT hotels, investments
#367 Jerry Yang $1.84 B $2 B 46 Los Altos Hills, CA Yahoo
#368 Craig McCaw $1.83 B $1.9 B 65 Hunts Point, WA telecom
#369 Robert Fisher $1.82 B $2.1 B 61 San Francisco, CA Gap
#370 David Walentas $1.82 B $1.7 B 76 New York, NY real estate

#371 William Fisher $1.82 B $2.1 B 58 San Francisco, CA Gap
#372 Jeff Rothschild $1.82 B n/a 60 Los Altos, CA Facebook
#373 Richard Yuengling Jr $1.81 B n/a 72 Pottsville, PA beer
#374 Kenneth Feld $1.8 B $1.8 B 66 Tampa, FL circus, live entertainment
#375 Neal Patterson $1.79 B $1.55 B 65 Loch Lloyd, MO health IT
#376 Jennifer Pritzker $1.77 B $1.8 B 63 Chicago, IL hotels, investments
#377 Mark Stevens $1.77 B $1.6 B 55 Atherton, CA venture capital
#378 Peter Peterson $1.76 B $1.7 B 89 New York, NY investments
#379 Manuel Moroun $1.76 B $1.7 B 88 Grosse Pointe Shores, MI transportation
#380 Anne Gittinger $1.76 B $1.6 B 79 Seattle, WA Nordstrom department stores

#381 Bill Haslam $1.76 B n/a 56 Knoxville, TN truck stops
#382 Dan Snyder $1.76 B $1.7 B 50 Potomac, MD Washington Redskins
#383 H. Ross Perot Jr $1.75 B $1.9 B 56 Dallas, TX real estate
#383 Louis Bacon $1.75 B $1.6 B 57 Oyster Bay, NY hedge funds
#385 Timothy Boyle $1.75 B n/a 65 Portland, OR Columbia Sportswear
#386 James Irsay $1.74 B $1.7 B 56 Carmel, IN Indianapolis Colts
#387 Bruce Nordstrom $1.73 B $1.55 B 81 Seattle, WA department stores
#388 David Gottesman $1.72 B $2 B 89 Rye, NY investments
#389 Rodney Sacks $1.72 B n/a 65 Laguna Beach, CA energy drinks
#390 Joe Jamail Jr $1.7 B $1.7 B 89 Houston, TX lawsuits

#391 Carol Jenkins Barnett $1.7 B n/a 58 Lakeland, FL Publix supermarkets
#392 Vinod Khosla $1.7 B $1.7 B 60 Portola Valley, CA venture capital
#393 Billy Joe (Red) McCombs $1.68 B $2 B 87 San Antonio, TX real estate, oil, cars
#394 Jim Justice II $1.68 B $1.7 B 64 Lewisburg, WV coal
#395 Leonard Schleifer $1.68 B n/a 63 Tarrytown, NY pharmaceuticals
#396 Rodney Lewis $1.67 B $2.5 B 61 San Antonio, TX natural gas
#397 J. Joe Ricketts $1.66 B $1.55 B 74 Little Jackson Hole, WY TD Ameritrade
#398 Jon Yarbrough $1.66 B $1.7 B 58 Franklin, TN video games
#399 Catherine Lozick $1.66 B $2 B 70 Chagrin Falls, OH Manufacturing
#400 Sid Bass $1.66 B

Did he not count the Government funded programs that needs to be operated or how much money corporations have saved up for business transactions ?

 

[Aim64C]

56% of Americans will be in the top 10% once in there life ? noooooooooooooooooo

Yes, actually.

Their, They're, and There. You should learn the difference if you want to be taken seriously. That, and there is only one 'o' at the end of "no."

The top 400 richest Americans make up over $2 trillion dollars that isn't even 1% of the 1%.

There are 380 million Americans as of the last census.

The 400 richest Americans are 1 per 1 million, roughly.

Or roughly 0.0001%

What you are stating is net worth, which includes things like amassed property, stocks, bonds, and any sole proprietorships. These are not necessarily liquid assets - meaning that these guys don't necessarily have that money sitting in a bank or even a retirement account that they can simply draw from and a lot of it is in assets that will never be liquidated in their lifetime. The house may be passed on to family or turned into a museum (such as Elvis's home). Since some of those homes can be valued at a hundred million dollars (whether or not that much was actually spent to make it) and the property they own may be valued at hundreds of millions depending upon what area it is (often times, it is inherited) - A large portion of their wealth can simply be chalked up to property ownership that will never be converted into liquid assets.

So those metrics can be a bit skewed depending upon how they are presented. Buffet may have bought property in an area way back in his 30s for a fraction of what it is worth, now, after urban development has kicked up and companies are willing to pay a million dollars per acre (or more) for a place to build a mall, factory, etc.

Did he not count the Government funded programs that needs to be operated or how much money corporations have saved up for business transactions ?

Completely irrelevant as we are simply looking at income.

You must be registered for see links

" Based on the Internal Revenue Service’s 2010-2014 database below, here’s how much the top Americans make:

Top 1%: $380,354

Top 5%: $159,619

Top 10%: $113,799

Top 25%: $67,280

Top 50%: >$33,048 "

Basically, if your gross income is six figures, you're in the top 10%.

If your gross income is over 30,000 - you're in the top 50%.

When people are discussing taxes, they are generally discussing income in the form of wages - IE - what is subject to income tax and income tax rates.

This is political smoke and mirrors, as the problem they are trying to resolve (people like Buffet - who are not a problem to begin with) is actually created by the fact that investments are not taxed like income. Nor should they be. If you tax investments like you tax income, then retirement investments for the average person become income (or a complicated system meant to try and micromanage investment ends up creating tons of rules and ways to avoid those rules that only lawyers benefit from).

Now - income from investments is never stable. You have $50M tied up in various stocks and someone managing those stocks to try and make sure that you don't lose money (or, more technically, you have $50M invested into a set number of various stocks that will then attempt to be traded at beneficial ratios). Sometimes you come out ahead, sometimes you have to bide your time with the stocks you have. An investment in a new company may take a decade to mature into a value that you're ready to sell the stock for. Sometimes, a stock drops considerably and, rather than 'cutting your losses' - you decide to hold onto the stock for a few years.

These incomes are never consistent. Someone like Bill Gates may cash out on a stock they have and put a few million dollars into a bank account that they then use for a retirement fund (I've no idea what Bill Gates' lifestyle is like - but a million dollars can go a long way when all you are paying is property taxes, utilities, and food expenses).

The 'problem' with the idea of trying to tax these people is that their money is not necessarily money, and it's not necessarily moving as money.

But, again, is it really a 'problem?'

If I newly incorporate a business and sell public stock - I am basically selling shares of ownership of my company in exchange for money. New businesses often have relatively cheap stock and are prime areas of investment as they have the opportunity for some of the largest gains over time. Imagine if you would have invested in Boeing back when they were still a single-factory deal, or Cisco back when they were just moving out of their dorm-room (they actually started building networking gear out of their dorm room - you probably know them as Linksys, which is their home line of products, currently).

New and expanding businesses are where the market likes to invest. Municipal bonds and other such things are also heavily contested investments (when cities want to build something that their current budget doesn't allow for - basically, the investors grant a loan to the city... granted, some cities have horrible practices).

The trading of stocks facilitates this in many ways, even if the money isn't moving into and out of bank accounts, it is still shifting in the balance of investments within the market. New companies or those who are looking to expand still see investment on account of those with large amounts of capital. Those companies create jobs and revenue all the way around.

In many cases, it's a problem that isn't really a problem.

The inequality discussion is generally just an attempt by politicians to appeal to jealousy and contempt in an effort to gain more control over how people spend money. Nothing they propose will actually solve the 'problem,' but it will allow them to take more money from the market and determine how they would spend it.

That means spending it on purchasing slaves (welfare), grants to old 'butt buddies' (such as solar power companies, car companies, and other poorly run businesses or unmarketable ideas), and paid hits on entire nations.

Which is why there should be no income tax, only a sales tax. It is also why we should not be on a system that allows politicians to authorize spending money they don't have.

[video=youtube;EdSq5H7awi8]https://www.youtube.com/watch?v=EdSq5H7awi8[/video]

That is an excellent piece on the history of empires (governments) and money.

It is also a lesson in why money is simply too important of an affair to be left up to governments, be they a dictatorship or a democracy.

It's only partially related to the subject, but it is quite important.

 

[EKSITE]

Yes, actually.

Their, They're, and There. You should learn the difference if you want to be taken seriously. That, and there is only one 'o' at the end of "no."



There are 380 million Americans as of the last census.

The 400 richest Americans are 1 per 1 million, roughly.

Or roughly 0.0001%

What you are stating is net worth, which includes things like amassed property, stocks, bonds, and any sole proprietorships. These are not necessarily liquid assets - meaning that these guys don't necessarily have that money sitting in a bank or even a retirement account that they can simply draw from and a lot of it is in assets that will never be liquidated in their lifetime. The house may be passed on to family or turned into a museum (such as Elvis's home). Since some of those homes can be valued at a hundred million dollars (whether or not that much was actually spent to make it) and the property they own may be valued at hundreds of millions depending upon what area it is (often times, it is inherited) - A large portion of their wealth can simply be chalked up to property ownership that will never be converted into liquid assets.

So those metrics can be a bit skewed depending upon how they are presented. Buffet may have bought property in an area way back in his 30s for a fraction of what it is worth, now, after urban development has kicked up and companies are willing to pay a million dollars per acre (or more) for a place to build a mall, factory, etc.



Completely irrelevant as we are simply looking at income.

You must be registered for see links

" Based on the Internal Revenue Service’s 2010-2014 database below, here’s how much the top Americans make:

Top 1%: $380,354

Top 5%: $159,619

Top 10%: $113,799

Top 25%: $67,280

Top 50%: >$33,048 "

Basically, if your gross income is six figures, you're in the top 10%.

If your gross income is over 30,000 - you're in the top 50%.

When people are discussing taxes, they are generally discussing income in the form of wages - IE - what is subject to income tax and income tax rates.

This is political smoke and mirrors, as the problem they are trying to resolve (people like Buffet - who are not a problem to begin with) is actually created by the fact that investments are not taxed like income. Nor should they be. If you tax investments like you tax income, then retirement investments for the average person become income (or a complicated system meant to try and micromanage investment ends up creating tons of rules and ways to avoid those rules that only lawyers benefit from).

Now - income from investments is never stable. You have $50M tied up in various stocks and someone managing those stocks to try and make sure that you don't lose money (or, more technically, you have $50M invested into a set number of various stocks that will then attempt to be traded at beneficial ratios). Sometimes you come out ahead, sometimes you have to bide your time with the stocks you have. An investment in a new company may take a decade to mature into a value that you're ready to sell the stock for. Sometimes, a stock drops considerably and, rather than 'cutting your losses' - you decide to hold onto the stock for a few years.

These incomes are never consistent. Someone like Bill Gates may cash out on a stock they have and put a few million dollars into a bank account that they then use for a retirement fund (I've no idea what Bill Gates' lifestyle is like - but a million dollars can go a long way when all you are paying is property taxes, utilities, and food expenses).

The 'problem' with the idea of trying to tax these people is that their money is not necessarily money, and it's not necessarily moving as money.

But, again, is it really a 'problem?'

If I newly incorporate a business and sell public stock - I am basically selling shares of ownership of my company in exchange for money. New businesses often have relatively cheap stock and are prime areas of investment as they have the opportunity for some of the largest gains over time. Imagine if you would have invested in Boeing back when they were still a single-factory deal, or Cisco back when they were just moving out of their dorm-room (they actually started building networking gear out of their dorm room - you probably know them as Linksys, which is their home line of products, currently).

New and expanding businesses are where the market likes to invest. Municipal bonds and other such things are also heavily contested investments (when cities want to build something that their current budget doesn't allow for - basically, the investors grant a loan to the city... granted, some cities have horrible practices).

The trading of stocks facilitates this in many ways, even if the money isn't moving into and out of bank accounts, it is still shifting in the balance of investments within the market. New companies or those who are looking to expand still see investment on account of those with large amounts of capital. Those companies create jobs and revenue all the way around.

In many cases, it's a problem that isn't really a problem.

The inequality discussion is generally just an attempt by politicians to appeal to jealousy and contempt in an effort to gain more control over how people spend money. Nothing they propose will actually solve the 'problem,' but it will allow them to take more money from the market and determine how they would spend it.

That means spending it on purchasing slaves (welfare), grants to old 'butt buddies' (such as solar power companies, car companies, and other poorly run businesses or unmarketable ideas), and paid hits on entire nations.

Which is why there should be no income tax, only a sales tax. It is also why we should not be on a system that allows politicians to authorize spending money they don't have.

[video=youtube;EdSq5H7awi8]https://www.youtube.com/watch?v=EdSq5H7awi8[/video]

That is an excellent piece on the history of empires (governments) and money.

It is also a lesson in why money is simply too important of an affair to be left up to governments, be they a dictatorship or a democracy.

It's only partially related to the subject, but it is quite important.

My phone autoset no need for the rustling of the jimmies

I know about percentages if one wants to find 10% of something move the decimal place one spot, like if one wants to find 10% 100 you'd move the one spot you'll get 10 to find 1% you'll have to move the decimal two spots example if i'm looking for 1% of 100 it will be 1.

You do know the government creates bank notes paper currency off many factors like gold,silver,oil,diamonds, assets , bonds,value etc right ? Check around the early 1900's for the amount currency circling the world compared to now , the government does this for two reason the rise of population and inflation to keep a stabled running economy if monitored correctly. The more currency created the less it's really worth why do you think some during reconstruction of Germany many germans started destroying and burning it's own currency, In some parts of africa acouple years ago countries did the samething the currency was also destroyed because it brings no value to it's economy when printed at a large rate.

You must be registered for see links

The United States debt $18,640,518,597,000.

M1: The amount of physical currency worldwide is $25 trillion U.S american dollars
M2: The amount of currency in saving accounts & Cds under $100,000 worldwide is at $60 trillion U.S american dollars


There's 380 million americans $18 trillion in debt divide that per capita $49,053.99 cents

You must be registered for see links

The amount of money in circulation in the United Stated from the Federal Reserve isn't as much as it may seems you've stated it yourself the goverment spending money they don't have, because when the math is done the numbers really doesn't add up don't lie to yourself you know well as anyone else the government is going to keep creating paper currency that also lowers it's value why do you always hear old folks talking about a piece of bread in my days was blah blah blah the standard of what was rich & wealthy has went up be honest AIM64c do you believe $113,799 will get you much inside the united states i'm not saying it's horrible of course not but it's not what it use to be?

 

[slimreaper]

My phone autoset no need for the rustling of the jimmies

I know about percentages if one wants to find 10% of something move the decimal place one spot, like if one wants to find 10% 100 you'd move the one spot you'll get 10 to find 1% you'll have to move the decimal two spots example if i'm looking for 1% of 100 it will be 1.

You do know the government creates bank notes paper currency off many factors like gold,silver,oil,diamonds, assets , bonds,value etc right ? Check around the early 1900's for the amount currency circling the world compared to now , the government does this for two reason the rise of population and inflation to keep a stabled running economy if monitored correctly. The more currency created the less it's really worth why do you think some during reconstruction of Germany many germans started destroying and burning it's own currency, In some parts of africa acouple years ago countries did the samething the currency was also destroyed because it brings no value to it's economy when printed at a large rate.

You must be registered for see links

The United States debt $18,640,518,597,000.

M1: The amount of physical currency worldwide is $25 trillion U.S american dollars
M2: The amount of currency in saving accounts & Cds under $100,000 worldwide is at $60 trillion U.S american dollars


There's 380 million americans $18 trillion in debt divide that per capita $49,053.99 cents

You must be registered for see links

The amount of money in circulation in the United Stated from the Federal Reserve isn't as much as it may seems you've stated it yourself the goverment spending money they don't have, because when the math is done the numbers really doesn't add up don't lie to yourself you know well as anyone else the government is going to keep creating paper currency that also lowers it's value why do you always hear old folks talking about a piece of bread in my days was blah blah blah the standard of what was rich & wealthy has went up be honest AIM64c do you believe $113,799 will get you much inside the united states i'm not saying it's horrible of course not but it's not what it use to be?

just because the value of being in the top 10% has decreased doesn't mean that the figure of 56% of Americans getting there in their lifetime is any less true.

 

[EKSITE]

just because the value of being in the top 10% has decreased doesn't mean that the figure of 56% of Americans getting there in their lifetime is any less true.

You must be registered for see links

1. The average house hold credit card debt is at a high point around $5,000.

2. 40 million americans have student loan debt.

3. 151,014,000 Americans out of a population then estimated to be 306,804,000 received benefits from one or more government programs during the last three months of 2011. Those 151,014,000 beneficiaries equaled 49.2 percent of the population.(Oct 23, 2013 couldn't find recent).


When you do the math clearly something not right

 

[slimreaper]

You must be registered for see links

1. The average house hold credit card debt is at a high point around $5,000.

2. 40 million americans have student loan debt.

3. 151,014,000 Americans out of a population then estimated to be 306,804,000 received benefits from one or more government programs during the last three months of 2011. Those 151,014,000 beneficiaries equaled 49.2 percent of the population.(Oct 23, 2013 couldn't find recent).


When you do the math clearly something not right

"In their lifetime". The vast majority are elderly