Wealth Tax: Yeah! Why do Warren Buffett and Bill gates need so much money in their Trust?

[Richard-H]

In ideal capitalism, fraud would be rare. However, we're not an ideal capitalistic system by a long shot.

And yet, even in non-ideal capitalism, fraud is relatively rare. It could definitely be better though.

Most people think that 'Capitalism' means 'Opportunism'. Anything goes if you can get away with it.

Yeah. That's just one of the problems with "most people".

The 'free-market' is a 'free-for-all-market'. May the best thief win!!!!

That's the reality.

That's the opposite of a free market. A free market depends on the mutual respect of property rights. Sounds like you're one of those folks who confuses freedom with anarchy.

Sounds like your one of those people that confuses fantasy with reality.

In our real economic system defacto fraud occurs all the time. Laws are created by the wealthy and by the thieves to protect themselves.

Do you really believe that the people who work in the New York City financial industry care about ideal capitalism or economic fairness or a fair free-market?

I grew up in Wall Street's bedroom - those people couldn't care less about anything except sucking up all the money that they can get their greedy little hands on any way they can get it- and screw everybody else. They're all mobsters.

Thank God for the regulation that we do have - otherwise we'd all be their slaves!

Oh, wait! We are all their slaves.

How does some guy on Wall Street commit defraud you?

I have been buying stocks and shares in mutual funds since I was 18 and have never been the victim of fraud on any of those transactions.

Every week billions of dollars are poured into stock & other financial mechanisms thru 401k plans.

According to the law of supply and demand, stocks should all steadily increase in value.

Instead, short term traders keep the market volatile which allows them to transfer all the 401k money into their pockets.

Secondly, banks have been extending far, far too much credit to everyone for many years. This has caused gross inflation - especially in housing and automobiles. We end up paying 2-3 times the original price due to interest. Everyone winds up being in incredible debt their whole lives. The banks own our homes and cars - effectively they own us.

Didn't the 2008 economic crash teach you anything? How about 1929?

What a mountain of equivocation.

Yes, we all are wage slaves and that is why we live the most luxurious and pampered lives that we have since the dawn of time. The fact I can go outside and be anywhere in the world inside of 2 days shows how little freedom of movement exists. The fact that companies advertise and compete to get my labor shows that they actually own me. And, just like slaves, we have the burden of actually electing the government for which we live under.

The problem with declaring that everyone is steeling from you and that you are so suppressed by short term trades in wall street, which do not actually effect you unless you are willfully and freely participating, is that it takes utterly ignoring the reality around you. It never ceases to amaze me how one of the most free societies to ever exist is filled with a massive number of people demanding they are victims.

You sound exactly like Trump: WHHHHHAAAAAAAA!!! everyone is steeling from us so we need tariffs in place to stop them taking advantage of us all while we are the wealthiest nation by a massive margin. Ignoring reality.

You've obviously never had to support yourself on a minimum wage job.

You only see your own self-centered existence - oblivious to the world around you.

You always make these kinds of presumptions about someone you don't know at all?

Because anyone that says the things he said obviously has never supported themselves on minimum wage, and is unaware of the standard of living of those that do support themselves on minimum wage.

Any more idiotic questions?

Nope. I got all the info I need about you and your opinions. Thanks.

Good. I'm sure you learned quite a lot.

I did. I learned that liberals are just as likely to be ignorant, hateful bigots as their conservative counterparts.

So, instead of presenting an argument supporting FA Q2's assertions, you insulted me.

Then you declare that I'm an "ignorant, hateful bigot".

Yep. You lost my respect by making sweeping, hateful generalizations about an entire class of people:

I grew up in Wall Street's bedroom - those people couldn't care less about anything except sucking up all the money that they can get their greedy little hands on any way they can get it- and screw everybody else. They're all mobsters.

Moreover, you resorted to making similar presumptions about a fellow poster just because they dared to disagree with you. I don't like bigots. And you seem like a jerk.

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't.

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

I couldn't care less what you think of me.

You still haven't posted anything relating to the topic - just attacking me for my opinions.

So, once again, either post something related to the topic or STFU!!!

 

[jc456]

Tell that to employers

What would you like me to say? You think they know every individual’s lives?

 

[FA_Q2]

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

And he says my story is bullshit. LOL.

 

[jc456]

Our sob story reeks of BULLSHIT!

Apparently, you didn't try supporting yourself on minimum wage. I guess you preferred homelessness to being a wage slave, correct? Preferred the government handouts?

Besides, this discussion was about fraud in the capitalist system, not about worldwide poverty.

You got way off topic

You either can’t read or comprehend!

 

[dblack]

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't.

My dad grew up in the poorest areas of St. Louis. He saw lots of ugly shit he blamed on black people. That's why he was a racist. He knew them. The rest of us didn't. Sound familiar?

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

I'm sure that was only thing holding you back.

I couldn't care less what you think of me.

You still haven't posted anything relating to the topic - just attacking me for my opinions.

So, once again, either post something related to the topic or STFU!!!

You're the one who steered things off the topic with bigoted horseshit and personal attacks on other posters. Look in a mirror, douchebag.

 

[Richard-H]

In ideal capitalism, fraud would be rare. However, we're not an ideal capitalistic system by a long shot.

And yet, even in non-ideal capitalism, fraud is relatively rare. It could definitely be better though.

Most people think that 'Capitalism' means 'Opportunism'. Anything goes if you can get away with it.

Yeah. That's just one of the problems with "most people".

The 'free-market' is a 'free-for-all-market'. May the best thief win!!!!

That's the reality.

That's the opposite of a free market. A free market depends on the mutual respect of property rights. Sounds like you're one of those folks who confuses freedom with anarchy.

Sounds like your one of those people that confuses fantasy with reality.

In our real economic system defacto fraud occurs all the time. Laws are created by the wealthy and by the thieves to protect themselves.

Do you really believe that the people who work in the New York City financial industry care about ideal capitalism or economic fairness or a fair free-market?

I grew up in Wall Street's bedroom - those people couldn't care less about anything except sucking up all the money that they can get their greedy little hands on any way they can get it- and screw everybody else. They're all mobsters.

Thank God for the regulation that we do have - otherwise we'd all be their slaves!

Oh, wait! We are all their slaves.

How does some guy on Wall Street commit defraud you?

I have been buying stocks and shares in mutual funds since I was 18 and have never been the victim of fraud on any of those transactions.

Every week billions of dollars are poured into stock & other financial mechanisms thru 401k plans.

According to the law of supply and demand, stocks should all steadily increase in value.

Instead, short term traders keep the market volatile which allows them to transfer all the 401k money into their pockets.

Secondly, banks have been extending far, far too much credit to everyone for many years. This has caused gross inflation - especially in housing and automobiles. We end up paying 2-3 times the original price due to interest. Everyone winds up being in incredible debt their whole lives. The banks own our homes and cars - effectively they own us.

Didn't the 2008 economic crash teach you anything? How about 1929?

What a mountain of equivocation.

Yes, we all are wage slaves and that is why we live the most luxurious and pampered lives that we have since the dawn of time. The fact I can go outside and be anywhere in the world inside of 2 days shows how little freedom of movement exists. The fact that companies advertise and compete to get my labor shows that they actually own me. And, just like slaves, we have the burden of actually electing the government for which we live under.

The problem with declaring that everyone is steeling from you and that you are so suppressed by short term trades in wall street, which do not actually effect you unless you are willfully and freely participating, is that it takes utterly ignoring the reality around you. It never ceases to amaze me how one of the most free societies to ever exist is filled with a massive number of people demanding they are victims.

You sound exactly like Trump: WHHHHHAAAAAAAA!!! everyone is steeling from us so we need tariffs in place to stop them taking advantage of us all while we are the wealthiest nation by a massive margin. Ignoring reality.

You've obviously never had to support yourself on a minimum wage job.

You only see your own self-centered existence - oblivious to the world around you.

You always make these kinds of presumptions about someone you don't know at all?

Because anyone that says the things he said obviously has never supported themselves on minimum wage, and is unaware of the standard of living of those that do support themselves on minimum wage.

Any more idiotic questions?

Nope. I got all the info I need about you and your opinions. Thanks.

Good. I'm sure you learned quite a lot.

I did. I learned that liberals are just as likely to be ignorant, hateful bigots as their conservative counterparts.

So, instead of presenting an argument supporting FA Q2's assertions, you insulted me.

Then you declare that I'm an "ignorant, hateful bigot".

Can you truly be that stupid?

This is a discussion board. If you do not have anything intelligent to say pertaining to the subject, please don't post.

Do you really think your response of simply declaring me an egocentric moron because I do no buy into the victimhood mentality deserved better? You think your hyperbolic nonsense equating our current relationship to wall street with slavery deserves a better response? I mean holy fucking shit, you cannot get more 'self-centered' than to think that current plights with economic activity as akin to slavery. That kind of egocentrism would make Trump blush.

Slavery is about ownership, not how a person is treated.

Our economic system is set up so that the banks own everything of value, and since we are all in debt for our houses, our cars, our businesses and everything of value, we are for all intents and purposes owned by the banks.

That is defacto slavery.

 

[kaz]

We will need to pay off debt somehow.

Remember when a Republican was President and you cared about that?

 

[dblack]

Slavery is about ownership, not how a person is treated.

Exactly. Employers don't own employees. It's a voluntary arrangement. Short of specific contractual obligations, either party can back out of the arrangement at any time.

 

[jc456]

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't

He stated posters, not your friends. Comprehension isn’t your thing I see

 

[jc456]

Slavery is about ownership, not how a person is treated.

Exactly. Employers don't own employees. It's a voluntary arrangement. Short of specific contractual obligations, either party can back out of the arrangement at any time.

Correct, if a salary isn’t enough to live on, ask for a raise or find a higher paying job somewhere else. I still don’t get it

 

[jc456]

Our economic system is set up so that the banks own everything of value, and since we are all in debt for our houses, our cars, our businesses and everything of value

If I pay cash a bank doesn’t own shit from me. Why do you think they do?

you are really confused and messed up in the head.

 

[Richard-H]

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't.

My dad grew up in the poorest areas of St. Louis. He saw lots of ugly shit he blamed on black people. That's why he was a racist. He knew them. The rest of us didn't. Sound familiar?

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

I'm sure that was only thing holding you back.

I couldn't care less what you think of me.

You still haven't posted anything relating to the topic - just attacking me for my opinions.

So, once again, either post something related to the topic or STFU!!!

You're the one who steered things off the topic with bigoted horseshit and personal attacks on other posters. Look in a mirror, douchebag.

1. My Dad was a low level Wall St. executive, as were most of the men living in my town (or some equivalent). We had 7 railroad stations in or near my little 'village' to make sure that all the exec's got into Manhattan quickly and conveniently.

2. The primary reason why I wasn't successful in my hometown was that I refused to join the mafia. If I had opportunities would have opened up like magic - and NO, I didn't want to marry a beautiful blonde prostitute, regardless of all the benefits that would have come with it. (She was a total shithead anyway).

3. Yes, after I post something relative to the topic, I like to end by saying something insulting. It tends to get people riled. After all, I post on this message board because I like heated debates. That doesn't negate my previous statements.

4. FUCK OFF LOSER!!!!

 

[Richard-H]

Slavery is about ownership, not how a person is treated.

Exactly. Employers don't own employees. It's a voluntary arrangement. Short of specific contractual obligations, either party can back out of the arrangement at any time.

Correct, if a salary isn’t enough to live on, ask for a raise or find a higher paying job somewhere else. I still don’t get it

For a lot of people, there are no higher paying jobs available. Do you really think that people would be working for minimum wage if they had any alternative?

 

[jc456]

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't.

My dad grew up in the poorest areas of St. Louis. He saw lots of ugly shit he blamed on black people. That's why he was a racist. He knew them. The rest of us didn't. Sound familiar?

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

I'm sure that was only thing holding you back.

I couldn't care less what you think of me.

You still haven't posted anything relating to the topic - just attacking me for my opinions.

So, once again, either post something related to the topic or STFU!!!

You're the one who steered things off the topic with bigoted horseshit and personal attacks on other posters. Look in a mirror, douchebag.

my dad had three jobs. Worked night shift as a desk clerk at a hotel in the area. He did what it took to keep a roof over our heads. I didn't understand what he did until I had a mortgage.

 

[georgephillip]

the democrats have perfected sedition...they goal is to destroy all democracy

Insurrection Day: when white supremacist terror came to the US Capitol

 

[jc456]

For a lot of people, there are no higher paying jobs available. Do you really think that people would be working for minimum wage if they had any alternative?

you mean there are higher paying jobs they don't want to do. dude, there are millions of open positions at really good salaries. Why do you feel obligated to create excuses for lazy people? shit, many will train you on the job.

 

[jc456]

the democrats have perfected sedition...they goal is to destroy all democracy

Insurrection Day: when white supremacist terror came to the US Capitol

look at all those weapons.

 

[Richard-H]

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't

He stated posters, not your friends. Compression isn’t your thing I see

Actually I own a couple of compressors.

If you had followed the topic, you'd know that I made statements about people that worked in the financial sector AND insulted the people that I was debating.

Learn to read (and spell), loser!

 

[Indeependent]

In ideal capitalism, fraud would be rare. However, we're not an ideal capitalistic system by a long shot.

And yet, even in non-ideal capitalism, fraud is relatively rare. It could definitely be better though.

Most people think that 'Capitalism' means 'Opportunism'. Anything goes if you can get away with it.

Yeah. That's just one of the problems with "most people".

The 'free-market' is a 'free-for-all-market'. May the best thief win!!!!

That's the reality.

That's the opposite of a free market. A free market depends on the mutual respect of property rights. Sounds like you're one of those folks who confuses freedom with anarchy.

Sounds like your one of those people that confuses fantasy with reality.

In our real economic system defacto fraud occurs all the time. Laws are created by the wealthy and by the thieves to protect themselves.

Do you really believe that the people who work in the New York City financial industry care about ideal capitalism or economic fairness or a fair free-market?

I grew up in Wall Street's bedroom - those people couldn't care less about anything except sucking up all the money that they can get their greedy little hands on any way they can get it- and screw everybody else. They're all mobsters.

Thank God for the regulation that we do have - otherwise we'd all be their slaves!

Oh, wait! We are all their slaves.

How does some guy on Wall Street commit defraud you?

I have been buying stocks and shares in mutual funds since I was 18 and have never been the victim of fraud on any of those transactions.

Every week billions of dollars are poured into stock & other financial mechanisms thru 401k plans.

According to the law of supply and demand, stocks should all steadily increase in value.

Instead, short term traders keep the market volatile which allows them to transfer all the 401k money into their pockets.

Secondly, banks have been extending far, far too much credit to everyone for many years. This has caused gross inflation - especially in housing and automobiles. We end up paying 2-3 times the original price due to interest. Everyone winds up being in incredible debt their whole lives. The banks own our homes and cars - effectively they own us.

Didn't the 2008 economic crash teach you anything? How about 1929?

What a mountain of equivocation.

Yes, we all are wage slaves and that is why we live the most luxurious and pampered lives that we have since the dawn of time. The fact I can go outside and be anywhere in the world inside of 2 days shows how little freedom of movement exists. The fact that companies advertise and compete to get my labor shows that they actually own me. And, just like slaves, we have the burden of actually electing the government for which we live under.

The problem with declaring that everyone is steeling from you and that you are so suppressed by short term trades in wall street, which do not actually effect you unless you are willfully and freely participating, is that it takes utterly ignoring the reality around you. It never ceases to amaze me how one of the most free societies to ever exist is filled with a massive number of people demanding they are victims.

You sound exactly like Trump: WHHHHHAAAAAAAA!!! everyone is steeling from us so we need tariffs in place to stop them taking advantage of us all while we are the wealthiest nation by a massive margin. Ignoring reality.

You've obviously never had to support yourself on a minimum wage job.

You only see your own self-centered existence - oblivious to the world around you.

You always make these kinds of presumptions about someone you don't know at all?

Because anyone that says the things he said obviously has never supported themselves on minimum wage, and is unaware of the standard of living of those that do support themselves on minimum wage.

Any more idiotic questions?

Nope. I got all the info I need about you and your opinions. Thanks.

Good. I'm sure you learned quite a lot.

I did. I learned that liberals are just as likely to be ignorant, hateful bigots as their conservative counterparts.

So, instead of presenting an argument supporting FA Q2's assertions, you insulted me.

Then you declare that I'm an "ignorant, hateful bigot".

Yep. You lost my respect by making sweeping, hateful generalizations about an entire class of people:

I grew up in Wall Street's bedroom - those people couldn't care less about anything except sucking up all the money that they can get their greedy little hands on any way they can get it- and screw everybody else. They're all mobsters.

Moreover, you resorted to making similar presumptions about a fellow poster just because they dared to disagree with you. I don't like bigots. And you seem like a jerk.

I'll make whatever generalizations about the people I grew up with and lived with as I like. I know them, you don't.

I know damn well that I could have been an executive in the financial industry in NYC (like so many of my classmates) except for the fact that I had a moral conscience - and they knew it.

I couldn't care less what you think of me.

You still haven't posted anything relating to the topic - just attacking me for my opinions.

So, once again, either post something related to the topic or STFU!!!

Notice how when a Liberal looks at life from their point of view not one other Liberal objects.

 

[jc456]

Actually I own a couple of compressors.

dude shit happens. I see you are also someone with no faults. A man with no faults learns nothing.