The largest transfer of wealth in the history of the world...

[Toddsterpatriot]

When government taxes one income source at a different rate from another, it is transferring wealth from one group of citizens to another,

Or when it taxes the same income source at different rates. LOL!

 

[georgephillip]

Our founders realized that as well, which is why they created a Republic and not a Democracy, and why they thought only those with a dog in the race should be allowed to vote.

White male property owners.
Which of those dogs still hunt for you?

 

[gipper]

He did everything wrong. And he did nothing to hurry the vaccine except blab and brag endlessly......... Just like all his other supposed achievements.......

Except spend over $10 billion to pharmaceutical companies to fast track a vaccine. You are such a partisan moron.

Check out this article from USA TODAY:

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Amid the coronavirus pandemic, the federal government has allocated more than $9 billion among 7 companies to develop and make COVID-19 vaccine.

www.usatoday.com

No your turn to claim fake news! Lol!

I don’t know why he bothers to post.

 

[georgephillip]

Anything that wealth allows them to own. What do you mean by unearned wealth?

Unearned Income (Definition, Example) | Top 4 Types of Unearned Income

 

[Toddsterpatriot]

Anything that wealth allows them to own. What do you mean by unearned wealth?

Unearned Income (Definition, Example) | Top 4 Types of Unearned Income

I worked for the savings that earns interest and for the savings that earns dividends.

If you'd have done the same, you wouldn't be such a poor, miserable twat.

 

[georgephillip]

Bailouts are not a capitalistic concept. That means corporations can make poor decisions on investing or saving profits (ie giving CEOs millions) Even in bad years, then when a terrible year comes they get bailed out, so still do lose. That is not capitalism, that is keeping a continuing transfer of wealth going.

Socialism for the rich?

Biggest Bailouts Yet Spark a Crisis of Confidence in Capitalism

 

[Toddsterpatriot]

Bailouts are not a capitalistic concept. That means corporations can make poor decisions on investing or saving profits (ie giving CEOs millions) Even in bad years, then when a terrible year comes they get bailed out, so still do lose. That is not capitalism, that is keeping a continuing transfer of wealth going.

Socialism for the rich?

Biggest Bailouts Yet Spark a Crisis of Confidence in Capitalism

But you didn't.
And you are.

 

[Gdjjr]

Wow! A good presentation, finally- and look at the comments- same, same-

 

[francoHFW]

He did everything wrong. And he did nothing to hurry the vaccine except blab and brag endlessly......... Just like all his other supposed achievements.......

Except spend over $10 billion to pharmaceutical companies to fast track a vaccine. You are such a partisan moron.

Check out this article from USA TODAY:

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Amid the coronavirus pandemic, the federal government has allocated more than $9 billion among 7 companies to develop and make COVID-19 vaccine.

www.usatoday.com

No your turn to claim fake news! Lol!

I don’t know why he bothers to post.

anybody would have done exactly the same thing at least period he delayed doing it period and he didn't do anything else a total failure we have the worst record in the world period he made wearing a mask and social distancing a political football for you brainwashed functional morons....

 

[Papageorgio]

He did everything wrong. And he did nothing to hurry the vaccine except blab and brag endlessly......... Just like all his other supposed achievements.......

Except spend over $10 billion to pharmaceutical companies to fast track a vaccine. You are such a partisan moron.

Check out this article from USA TODAY:

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Amid the coronavirus pandemic, the federal government has allocated more than $9 billion among 7 companies to develop and make COVID-19 vaccine.

www.usatoday.com

No your turn to claim fake news! Lol!

I don’t know why he bothers to post.

anybody would have done exactly the same thing at least period he delayed doing it period and he didn't do anything else a total failure we have the worst record in the world period he made wearing a mask and social distancing a political football for you brainwashed functional morons....

And your stupidity continues. He spent over 10 billion and you said he didn’t do anything, now you are changing your lie once again. You are just a know nothing hack. Let adults continue the conversation and you go to your room and think about how dishonest you are being.

 

[Ray From Cleveland]

Anything that wealth allows them to own. What do you mean by unearned wealth?

Unearned Income (Definition, Example) | Top 4 Types of Unearned Income

Thank you very much. But how is that unearned income, because you didn't physically toil for it?

I'll cover the two I'm involved in: rental income and interest income, both of which I have earned.

If you think landlords just sit back and collect money, you don't know anything about the rental business. I haven't been on a vacation in over 35 years. Any vacation time from work that I used, I had a lot of chores to catch up to here, so I spent every vacation at home. While most people worked to buy their single home to raise a family, I decided to buy a home and share it with people in exchange for money.

My tenants don't have to worry or spend money to replace a broken window. They don't have to spend money because the hot water tanks took a crap. They don't have to worry if their furnace breaks down, just call Ray and let him handle it. They don't have to take loans out to replace a roof, deal with property taxes, get the driveway repaired. Then there are city issues I have to deal with in order to be a landlord here. Last week we had a major snowstorm, 16 inches of wet and heavy snow. I had to be out there in the cold and wind at 5:00 am to clear the parking lot and driveway. It took me well over an hour as my tenants slept comfortably in bed or were just getting ready to make breakfast.

Interest income: I earned interest (and still am) on my IRA. I worked to save that money for my retirement because I didn't want to be one of those old people on the news one day complaining my Social Security isn't enough. Do you know where I got the money to have my IRA? I worked for it. Instead of spending it irresponsibly on a new car, newest video games, fancy vacations, I saved it so when the time comes and I can no longer do the work of a landlord, that money can take over to supplement my Social Security checks.

Bottom line is there is no such thing as unearned income unless you have a rich relative in your family die off and leave you a bunch of money. All other income is earned because you took the risk, you avoided spending it carelessly, you didn't have a family or children so you can have these things for yourself, you made a lot of sacrifices. Just because you didn't earn money with a pick and a shovel doesn't mean it was unearned.

 

[Ray From Cleveland]

White male property owners.
Which of those dogs still hunt for you?

At the time, yes. But today, people of all races own property. Women own property. Then we have people who have nothing because they didn't live a life to have anything, and vote for politicians to take our money to give to them.

 

[gipper]

Anything that wealth allows them to own. What do you mean by unearned wealth?

Unearned Income (Definition, Example) | Top 4 Types of Unearned Income

I worked for the savings that earns interest and for the savings that earns dividends.

If you'd have done the same, you wouldn't be such a poor, miserable twat.

Apparently you’re unaware of what’s going on. This isn’t free market capitalism. It’s Fascism. Why do you support it?

 

[hadit]

Take responsibility, earn your own wealth don't pray these idiot politicians are going to gift you someone else's wealth.

Democrats want the rich to pay their fair share again so that we can invest in America and Americans again, brainwashed functional moron. Thanks for the worst inequality and upward mobility ever anywhere....

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

Of course the bailout of the banks was tarp under George w bush and the GOP who caused the great recession with their usual corrupt deregulation bubble and bust. Great job! Obama stimulus was for main Street and worked great except it was probably too small. Little did they know they would be up against total ridiculous GOP obstruction for 8 years.... Change the channel

The blind partisan.

Try joining the real world, brainwashed functional moron....

Everything you know is wrong, disfunctional. Read something written by people who live there.

 

[georgephillip]

None of that money goes in Trump's pocket. That's the point. Presidents and candidates have had PAC's since the McCain Feingold bill was passed. It's not a big deal or an isolated thing.

You should probably read the fine print of Trump's latest scam before claiming "none of that money goes into Trump's pocket."

Don the Con is playing his base one more time:

Donations under $8K to Trump ‘election defense’ instead go to president, RNC

"But any small-dollar donations from Trump’s grassroots donors won’t be going to legal expenses at all, according to a Reuters review of the legal language in the solicitations.

"A donor would have to give more than $8,000 before any money goes to the 'recount account' established to finance election challenges, including recounts and lawsuits over alleged improprieties, the fundraising disclosures show."

 

[Toddsterpatriot]

Apparently you’re unaware of what’s going on. This isn’t free market capitalism. It’s Fascism. Why do you support it?

What are you whining about now?

My interest and dividends aren't fascism.

 

[Ray From Cleveland]

None of that money goes in Trump's pocket. That's the point. Presidents and candidates have had PAC's since the McCain Feingold bill was passed. It's not a big deal or an isolated thing.

You should probably read the fine print of Trump's latest scam before claiming "none of that money goes into Trump's pocket."

Don the Con is playing his base one more time:

Donations under $8K to Trump ‘election defense’ instead go to president, RNC

"But any small-dollar donations from Trump’s grassroots donors won’t be going to legal expenses at all, according to a Reuters review of the legal language in the solicitations.

"A donor would have to give more than $8,000 before any money goes to the 'recount account' established to finance election challenges, including recounts and lawsuits over alleged improprieties, the fundraising disclosures show."

If you read your own link, none of it goes to Trump personally. The closest they get is it can be used for travel and related expenses to his political goals. The rest goes to the RNC which is common with leftover political donations, or his PAC. It's against the law for Trump to financially benefit personally.

 

[sealybobo]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

Like the heritage foundation

It’s the American Way.

Wednesday, November 25, 2020
US Billionaires Surpass $1 Trillion in Wealth Gains During Pandemic as Essential Workers and Others Suffer
The total wealth gain of America’s billionaires has surpassed the $1 trillion mark, a 34 Percent rise since mid-March, the approximate start of the COVID-19 pandemic, according to new analysis by the Institute for Policy Studies (IPS). With the close of the markets on November 24, 2020, US...
Read more

How is that any different than.

Wednesday, November 25, 2020
Brain surgeons and ER doctors absolutely KILL IT while burger flippers and baristas do not.

I'm failing to see the "wealth transfer".....please enlighten us.
Are you trying to say you don't think people should be responsible for choosing their own career paths and the financial status comes with said paths?
I'm sure I'm missing something simple...teach us.

If your system that you call capitalism is failing the masses and only benefiting the top 1% maybe it's just another ISM.

"Failing" is subjective.
How is capitalism "FAILING" the masses?
Isn't Democrat policy "failing the masses"....aren't you begging illegals to invade, hold wages down, steal American jobs and ruin blue collar trades?
Are core Americans fleeing to countries that have it so much better?
Why are the worlds most desperate still trying to break in to our country?

Aren’t you ignoring our real problem? Illegal employers? Why do you defend them?

In fact deep into trumps presidency he himself was an illegal employer at Mara lago. He had to it was making him look bad. He didn’t want to, he had to.

you’re being played going after illegals and trying to build walls you know won’t work.

Youre being played.

Do you defend sanctuary states? Do you defend sanctuary cities?
I can only surmise that if you defend the two above questions, that you would also defend the employers who hire the illegals.

No I don’t. But I know sanctuary cities is just a Distraction to con you. You complain about sanctuary cities but the only reason they are here are the sanctuary corporations that lure them here

 

[evenflow1969]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

Gipper,

You are right... But Democrats had the gun to their head, to help people at all they needed the cares act... McConnell was the one that add in the Corporate welfare bill. Democrats had to accept that or not help normal Americans.. The bill going through right now has the same amount of Corporate welfare.
Blaming Democrats for this is not fair, McConnell obsession with Big Corps and lobbyists is stomach churning. Be fair and check it out...

This is not to say Democrats are perfect but on this one the GOP and McConnell are the ones who pushing it...

The choice is complete deadlock or this..

It is fair to blame democrats for voting for it. I do not care Republicans would not vote for a better bill. Fuck transferring that kind of money. We got screwed into huge debt and collected 1200 dollars. Show some spine and stand up to the fucking Republicans. I am tired of excuses. Do your fucking job. Well the voters punish me. Voters punish the future by not being responsible in the present. Time microwave society starts thinking long term here.

 

[Ray From Cleveland]

No I don’t. But I know sanctuary cities is just a Distraction to con you. You complain about sanctuary cities but the only reason they are here are the sanctuary corporations that lure them here

There are 20 million illegals in this country or more. I seriously doubt all 20 million have jobs, especially today. They come here for a variety of reasons.