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How does a billionaire buying up existing shares of an existing company benefit anyone other than said billionaire?
What value do shareholders bring to the company they invest in? Are shareholders concerned about what's best for the company, the country or themselves? What if what's best for the company is not the best for the country?
Plenty of poor people move right up with economic ladder with hard work and sacrifice.
Most millionaires are first generation millionaires.
A good chunk of poverty is cultural.
That's the standard apologetic: one poor person out of a hundred manages to escape poverty and become a millionaire, so poverty is 100% the fault of the poor and therefore not a problem.
It's the "exception that proves the rule" fallacy.
That's the standard apologetic: one poor person out of a hundred manages to escape poverty and become a millionaire, so poverty is 100% the fault of the poor and therefore not a problem.
It's the "exception that proves the rule" fallacy.
Plenty of poor people move to the middle class. It's not rare at all.
Sure, it's rare that poor people become millionaires, but there is that whole middle class that you must have forgotten about.
Now, if you were poor, I wouldn't expect your kids to escape it after growing up and hearing it's not possible 24/7. Like I said earlier, a good chunk of the poor have culture to blame.
Not always. Some, like Romney, choose to take the money and run.
It may not pay off as well in the end, but it's safer than risking money in investment.
Take the money and run?
Most moneys are reinvested somewhere. Capital begets more capital.
Most moneys are reinvested somewhere. Capital begets more capital.
Yes! It's called capitalism, and even though it has served us well for over 200 years it appears we have an entire generation or two that believes it's evil.
It's part of the dumbing down of America that is currently underway, because we all have to be equal in order to be fair and politically correct. That kills capitalism because capitalism has both winners and losers.
Who is more likely to open a manufacturing facility or biotech startup, a person with $1 billion or $100,000?
Your American name brand computer, cell phone, radio, TV, and clothes were made in a manufacturing facility. And where were most of your American name brand items manufactured?
Answer: Asia, and a billionaire who starts a manufacturing facility mainly hires workers in Asia.
And the average cost of starting a business is $30,000. And startups and small businesses create most of Americas new jobs (because the billionaires large corporations manufacturer their products in Asia.)
Who's more likely to build the high-tech company that will create the breakthrough that finally gets us off fossil fuels?
Who's more likely to create warp drive?
A college graduate who owes huge amounts of money for their student loans.
And you get rich after you invent something. People don't invent things because they are rich, instead rich people fly around in private jets and cruise the world in huge yachts (with the money they made by inventing something when they were middle class.)
Yes! It's called capitalism, and even though it has served us well for over 200 years it appears we have an entire generation or two that believes it's evil.
It's part of the dumbing down of America that is currently underway, because we all have to be equal in order to be fair and politically correct. That kills capitalism because capitalism has both winners and losers.
As long as the middle class remains satisfied all should go well. Whether the rich continue to get the bulk of the gains or not.
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