Where Do Billionaires Come From?

[bripat9643]

Billionaires come from eating poor people.

Or perhaps they come from government-structured tax rates?

The moral—and economic—case for progressive taxation

"In a typical sample of 1,000 respondents, only about 10 are in the top 1%.

"If you want to run for Congress, the implication is clear: Cut taxes on all but the top 1%, raise them enormously on the top 0.1%, 0.01%, and 0.001%, and leave the 1% the same.

"People will feel that you’ve made the taxes more fair, and you’ve also raised more revenue. In other words, make the tax system more progressive."

What people feel is not part of an objective argument.

 

[Harpy Eagle]

Billionaires come from eating poor people.

Or perhaps they come from government-structured tax rates?

The moral—and economic—case for progressive taxation

"In a typical sample of 1,000 respondents, only about 10 are in the top 1%.

"If you want to run for Congress, the implication is clear: Cut taxes on all but the top 1%, raise them enormously on the top 0.1%, 0.01%, and 0.001%, and leave the 1% the same.

"People will feel that you’ve made the taxes more fair, and you’ve also raised more revenue. In other words, make the tax system more progressive."

So, lets say you "fix" it so there cannot be any billionaires...will you all then decide that millionaires are just as bad and go after them?

 

[BrokeLoser]

Do the richest among us owe their wealth to hard work and high IQs or government monopolies like patents and copyrights, minimum wage laws, or campaign finance contributions?

Should We Have Billionaires?

"The basic story is that if we have a market economy, some people can get very rich.

"If we buy the right-wing story, the super-rich got their money from their great contribution to society.

"If we look at it with clearer eyes, the super-rich got their money because we structured the economy in a way that allowed them to get super-rich..."

"This is a point which seems very obvious, but for some reason is largely ignored in policy debates.

"Most typically these debates take the market distribution of income as a given, and then ask the extent to which we might want to redistribute to have less inequality...."

"But it is completely absurd to treat the market distribution of income as given.

"The market is incredibly flexible and it can literally be structured in an infinite number of different ways."

Instead of arguing over a redistribution of income, restructure markets in such a way that vast private fortunes never come into existence in the first place.

Three people now own more wealth than the bottom fifty percent of us in this country, link below. If this seems to be ok with us, then what's wrong with them eventually having sixty percent and on and on. What really great, wonderful things have these folks done to make them so deserving of this wealth. How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire? Other link below

The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds

How Much Money Did Jonas Salk Potentially Forfeit By Not Patenting The Polio Vaccine?

Market distribution of income, is in fact a given, because it's part of the market.

Due to lobbyists legislation...

Manipulating government contracting to their advantage.

Because wealth controls governance here....

China was home to more members of the global top 10% than ... For the first time ever, there are more ultra-wealthy people in China than the US .

top 10% is a statistical facade , try the top 1%, or better yet, top point 1% , and get back to us on wealth inequity....

You cannot restructure markets in such a way that vast private fortunes never come into existence in the first place without removing the ability of a family like mine to go from just above poverty level to the top 10% in 5 years.

You're asking if a meritocracy can exist in a 'casino capitalist' society

Rather grand Q Gator....

How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire?

A lot, his story is iconic....

~S~

Is it only lowlife, degenerate pieces of shit who care about the net worth of others?

as well as it's only those true blue Americans that care about everyone getting an equal shot at the brass ring Looser

~S~

You might be confused...My wealthier neighbor has never once impeded my "shot at the brass ring".
How do wealthier people stop you from achieving success?

 

[georgephillip]

Where Do Billionaires Come From?

Their parents.

Bill Gates is a good example. Even though his parents were not among the richest one percent, they had an income that allowed Bill to acquire ten thousands hours of computer programming experience before he left for Harvard, and he's made good use of government since he moved on:

Should We Have Billionaires?

"Many of the country’s billionaires, starting with Bill Gates, owe their vast fortunes to these government-granted monopolies.

"As I, and others, have argued these can be extremely inefficient mechanisms for supporting innovation and creative work.

"Not only are they redistributing income upward, they also slow economic growth, and in the case of prescription drugs and medical equipment, impair people’s ability to get health care."

 

[JWBooth]

Where Do Billionaires Come From?

Manipulating government contracting to their advantage.

name one who got it that way.

H Ross Perot

 

[Harpy Eagle]

Where Do Billionaires Come From?

Their parents.

Bill Gates is a good example. Even though his parents were not among the richest one percent, they had an income that allowed Bill to acquire ten thousands hours of computer programming experience before he left for Harvard, and he's made good use of government since he moved on:

Should We Have Billionaires?

"Many of the country’s billionaires, starting with Bill Gates, owe their vast fortunes to these government-granted monopolies.

"As I, and others, have argued these can be extremely inefficient mechanisms for supporting innovation and creative work.

"Not only are they redistributing income upward, they also slow economic growth, and in the case of prescription drugs and medical equipment, impair people’s ability to get health care."

Please expound on the "government-granted monopolies"...or is that just your code patents and copyrights?

 

[sparky]

How do wealthier people stop you from achieving success?

By keeping us in debt Gator

By lobbying special interest legislation(s) that only big $$$ can comply with

By monopolizing through political channels only big $$ has access to

~S~

 

[sparky]

Where Do Billionaires Come From?

Their parents.

Bill Gates is a good example. Even though his parents were not among the richest one percent, they had an income that allowed Bill to acquire ten thousands hours of computer programming experience before he left for Harvard, and he's made good use of government since he moved on:

Should We Have Billionaires?

"Many of the country’s billionaires, starting with Bill Gates, owe their vast fortunes to these government-granted monopolies.

"As I, and others, have argued these can be extremely inefficient mechanisms for supporting innovation and creative work.

"Not only are they redistributing income upward, they also slow economic growth, and in the case of prescription drugs and medical equipment, impair people’s ability to get health care."

Please expound on the "government-granted monopolies"...or is that just your code patents and copyrights?

This would well be thread worthy in of itself Gator

~S~

 

[boedicca]

Do the richest among us owe their wealth to hard work and high IQs or government monopolies like patents and copyrights, minimum wage laws, or campaign finance contributions?

Should We Have Billionaires?

"The basic story is that if we have a market economy, some people can get very rich.

"If we buy the right-wing story, the super-rich got their money from their great contribution to society.

"If we look at it with clearer eyes, the super-rich got their money because we structured the economy in a way that allowed them to get super-rich..."

"This is a point which seems very obvious, but for some reason is largely ignored in policy debates.

"Most typically these debates take the market distribution of income as a given, and then ask the extent to which we might want to redistribute to have less inequality...."

"But it is completely absurd to treat the market distribution of income as given.

"The market is incredibly flexible and it can literally be structured in an infinite number of different ways."

Instead of arguing over a redistribution of income, restructure markets in such a way that vast private fortunes never come into existence in the first place.

Envy is a terrible basis for public policy.

Just sayin'.

 

[georgephillip]

Instead of arguing over a redistribution of income, restructure markets in such a way that vast private fortunes never come into existence in the first place.

You cannot restructure markets in such a way that vast private fortunes never come into existence in the first place without removing the ability of a family like mine to go from just above poverty level to the top 10% in 5 years.

You didn't build that.

You didn't build that

"'You didn't build that' is a phrase from a 2012 election campaign speech delivered by United States President Barack Obama on July 13, 2012, in Roanoke, Virginia.

"The sentence 'If you've got a business—you didn't build that' was publicized by his political opponents during the 2012 presidential campaign, as an attack by Obama on business and entrepreneurs.[1][2][3]

"The Obama campaign responded that the criticisms were taking the phrase out of context, and the word 'that' in the phrase was referring to the construction of "roads and bridges" in the previous sentence"

You didn't build that - Wikipedia

 

[BrokeLoser]

How do wealthier people stop you from achieving success?

By keeping us in debt Gator

By lobbying special interest legislation(s) that only big $$$ can comply with

By monopolizing through political channels only big $$ has access to

~S~

Lets assume your conspiracy theories are more than theory...explain how your ability to achieve has been hindered by those who may be lobbying legislators and monopolizing through political channels.

 

[georgephillip]

Three people now own more wealth than the bottom fifty percent of us in this country, link below. If this seems to be ok with us, then what's wrong with them eventually having sixty percent and on and on. What really great, wonderful things have these folks done to make them so deserving of this wealth. How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire? Other link below

The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds

How Much Money Did Jonas Salk Potentially Forfeit By Not Patenting The Polio Vaccine?

How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire? Other link below

According to Forbes, Salk sacrificed about $7 billion by not patenting his vaccine.

Why Jonas Salk Didn’t Patent His Polio Vaccine

"On April 12, 1955, Edward R. Murrow asked Jonas Salk who owned the patent to the polio vaccine. 'Well, the people, I would say,' Salk responded. 'There is no patent. Could you patent the sun?'

"By the time of his chat with Murrow, which aired on the day the polio vaccine was announced as safe and 90 percent effective, Salk was already more messiah than virologist to the average American.

"Polio paralyzed between 13,000 and 20,000 children annually in the last pre-vaccine years, and Salk was the face of the inoculation initiative.

"Appearing on television to present the vaccine as a gift to the American people was a public relations masterstroke."

 

[gipper]

Market distribution of income, is in fact a given, because it's part of the market.

Due to lobbyists legislation...

Manipulating government contracting to their advantage.

Because wealth controls governance here....

China was home to more members of the global top 10% than ... For the first time ever, there are more ultra-wealthy people in China than the US .

top 10% is a statistical facade , try the top 1%, or better yet, top point 1% , and get back to us on wealth inequity....

You cannot restructure markets in such a way that vast private fortunes never come into existence in the first place without removing the ability of a family like mine to go from just above poverty level to the top 10% in 5 years.

You're asking if a meritocracy can exist in a 'casino capitalist' society

Rather grand Q Gator....

How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire?

A lot, his story is iconic....

~S~

One thing is certain about billionaires, they are psychopaths. They could alleviate much suffering, but they don’t.

That moron Bezos is using his massive wealth not to help the poor or sick, but to build a space station on Mars because he thinks our time is limited on Earth. What a fucking jack ass.

 

[BluesLegend]

Instead of arguing over a redistribution of income, restructure markets in such a way that vast private fortunes never come into existence in the first place.

Its none of your business how much someone else earns, get a job moocher earn your own damn money.

 

[Ropey]

georgephillip

Where does envy come from?

 

[JoeMoma]

It's a bad choice for parents to tell their kids they could be a millionaire or billionaire some day. The odds are .000000001 percent unless the parents have alot of money. But with a college education kids can do fairly well. Eat right, practice your faith, live a spotless life. Happiness is not found in the pursuit of money. Happiness to me is the 20 inches of snow forecasted here. A mere dusting. Wish it would go down south once. 20 inches would send the south into a panic worth watching.

Actually there are lots of millionaires. Get a decent job, stay married, put away 10% or more for retirement from 30 to 65 years of age into decent investments. Most people that do this will become millionaires.

 

[georgephillip]

Do the richest among us owe their wealth to hard work and high IQs or government monopolies like patents and copyrights, minimum wage laws, or campaign finance contributions?

Should We Have Billionaires?

"The basic story is that if we have a market economy, some people can get very rich.

"If we buy the right-wing story, the super-rich got their money from their great contribution to society.

"If we look at it with clearer eyes, the super-rich got their money because we structured the economy in a way that allowed them to get super-rich..."

"This is a point which seems very obvious, but for some reason is largely ignored in policy debates.

"Most typically these debates take the market distribution of income as a given, and then ask the extent to which we might want to redistribute to have less inequality...."

"But it is completely absurd to treat the market distribution of income as given.

"The market is incredibly flexible and it can literally be structured in an infinite number of different ways."

Instead of arguing over a redistribution of income, restructure markets in such a way that vast private fortunes never come into existence in the first place.

Three people now own more wealth than the bottom fifty percent of us in this country, link below. If this seems to be ok with us, then what's wrong with them eventually having sixty percent and on and on. What really great, wonderful things have these folks done to make them so deserving of this wealth. How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire? Other link below

The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds

How Much Money Did Jonas Salk Potentially Forfeit By Not Patenting The Polio Vaccine?

Market distribution of income, is in fact a given, because it's part of the market.

Due to lobbyists legislation...

Manipulating government contracting to their advantage.

Because wealth controls governance here....

China was home to more members of the global top 10% than ... For the first time ever, there are more ultra-wealthy people in China than the US .

top 10% is a statistical facade , try the top 1%, or better yet, top point 1% , and get back to us on wealth inequity....

You cannot restructure markets in such a way that vast private fortunes never come into existence in the first place without removing the ability of a family like mine to go from just above poverty level to the top 10% in 5 years.

You're asking if a meritocracy can exist in a 'casino capitalist' society

Rather grand Q Gator....

How many children were helped by Dr. Salk, who didn't patent his polio vaccine so he could be a billionaire?

A lot, his story is iconic....

~S~

Is it only lowlife, degenerate pieces of shit who care about the net worth of others?

Is it only lowlife, degenerate pieces of shit who care about the net worth of others?

MAGA?

 

[sparky]

How do wealthier people stop you from achieving success?

By keeping us in debt Gator

By lobbying special interest legislation(s) that only big $$$ can comply with

By monopolizing through political channels only big $$ has access to

~S~

Lets assume your conspiracy theories are more than theory...explain how your ability to achieve has been hindered by those who may be lobbying legislators and monopolizing through political channels.

explain this>>>


~S~

 

[sparky]

Envy is a terrible basis for public policy

Class envy is the common diversion for any plutocracy Boe

~S~

 

[georgephillip]

Where Do Billionaires Come From?

Manipulating government contracting to their advantage.

name one who got it that way.

name one who got it that way.

Any pharmaceutical company that benefits from government prohibiting Medicare from negotiating for lower drug prices.

Should We Have Billionaires?

"Patents and related protections raise the price of prescription drugs alone by close to $400 billion a year over the free market price, or 1.8 percent of GDP.

"If we add in the impact of patents and copyrights on medical equipment, software, movies, fertilizers and pesticides, and other areas, the cost could easily exceed $1 trillion annually or close to 5.0 percent of GDP."