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Old 05-13-2018, 06:13 PM
 
Location: Honolulu, HI
4,563 posts, read 1,138,948 times
Reputation: 6523

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Quote:
Originally Posted by redguard57 View Post
Wow, there are a lot of people on here that fellatiate the rich..... even though they'll never get close.
Wow, there are a lot of people on here that despise capitalism and felicitate the poor. Even though they saw the failure of socialism and communism.

Not everyone will get the same piece of the pie when it comes to capitalism, that doesn't mean you kill the baker and his business. That just means you put in the work to help bake a bigger cake which will give you a bigger piece.

Last edited by Rocko20; 05-13-2018 at 07:07 PM..
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Old 05-13-2018, 06:34 PM
 
Location: Cebu, Philippines
2,161 posts, read 795,391 times
Reputation: 4322
Quote:
Originally Posted by redguard57 View Post
Power.
Exactly.

And the next step in the logic ladder? Why would anybody want power? To abuse it.
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Old 05-13-2018, 06:40 PM
 
Location: Southern Colorado
2,927 posts, read 1,429,178 times
Reputation: 3918
Mostly due to stock market values. They will also absorb most of the losses with the next correction.
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Old 05-13-2018, 07:03 PM
 
Location: Boston, MA
10,892 posts, read 7,712,980 times
Reputation: 5268
Quote:
Originally Posted by stockwiz View Post
World's richest 1% grabbed 82% of all wealth created in 2017, Oxfam study finds

More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
The "1%" is not a group of people, it's an income level.

Stop with the stupid politics of envy!
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Old 05-13-2018, 07:16 PM
 
Location: Connecticut
3,535 posts, read 2,690,962 times
Reputation: 2305
Quote:
Originally Posted by ColoGuy View Post
Mostly due to stock market values. They will also absorb most of the losses with the next correction.

Like they did in the 2008 financial melt down ? LOL


Think again, society as a whole will absorb those losses at the next correction. Remember we "socialize losses" and "privatize gains."
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Old 05-13-2018, 07:27 PM
 
Location: Southern Colorado
2,927 posts, read 1,429,178 times
Reputation: 3918
Exactly like they did in the 2008 melt down.

LOL? You see something funny? Or just being rude? Betting on...rude. With more to come...


Quote:
Originally Posted by MrGompers View Post
Like they did in the 2008 financial melt down ? LOL


Think again, society as a whole will absorb those losses at the next correction. Remember we "socialize losses" and "privatize gains."
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Old 05-13-2018, 07:31 PM
 
Location: Sierra Vista, AZ
16,116 posts, read 20,145,602 times
Reputation: 8204
Quote:
Originally Posted by Thatsright19 View Post
Yes, people with income generating and/or appreciating assets tend to do better than people that blow their actively earned income on consumption and depreciating assets.
Consumption and depreciating assets = Food and Shelter
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Old 05-13-2018, 07:40 PM
 
Location: Honolulu, HI
4,563 posts, read 1,138,948 times
Reputation: 6523
Quote:
Originally Posted by stockwiz View Post
World's richest 1% grabbed 82% of all wealth created in 2017, Oxfam study finds

More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Fake news. This type of liberal agenda nonsense is going to have the rich people in this country packing up and taking their businesses with them to a another country who will appreciate their job openings and economic opportunity.
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Old 05-14-2018, 03:47 AM
 
Location: Northern Maine
9,485 posts, read 14,286,680 times
Reputation: 8906
Obamacare lives on. A trucker who owns his logging truck is required to pay $1,000 a month for family medical insurance and that gets him a $5,000 deductible. The insurance company pays nothing until the logger has paid $17,000 out of pocket. And the OP is worried about the creation of wealth?

That said. The "Oxfam study" was worldwide. A self employed person in America owns a $100,000 logging truck. A self employed worker in Haiti gathers sticks to be made into charcoal. He trades his sticks for a bowl of rice to live another day.
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Old 05-14-2018, 05:06 AM
 
1,063 posts, read 322,840 times
Reputation: 1423
Quote:
Originally Posted by Rocko20 View Post
Fake news. This type of liberal agenda nonsense is going to have the rich people in this country packing up and taking their businesses with them to a another country who will appreciate their job openings and economic opportunity.
For every rich American that leaves, he will be replaced by 2 rich Russians, 2 rich Chinese and 2 rich Arabs.
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