Billionaires didn't become billionaires by being stupid

Once again the Socialists try to make the case that billionaires are stupid enough to keep making billions that you can grab 70% of. They didn't become billionaires (or even multi millionaires) by being stupid. One of two things will happen. After the first year or two of paying those exorbitant taxes they will either:

 

a) just quite working, buy an island somewhere and live off the money they have

 

b) move their company-as many have-out of the United States and away from confiscatory taxes. By then the programs that their billions are paying for will have become "rights" and therefore untouchable. So, we then either start taxing the crap out of the middle class or borrow (print) trillions to cover the costs. So the billionaires will be laughing their ass off on a private island somewhere at the fools who killed the goose that laid the golden egg and are now demonstrably worse off than they were under "evil" capitalism.

 

Capitalism may have its problems but it's so far ahead of whatever is in second place that it's worth the pain.

Comments

opher goodwin Added Feb 11, 2019 - 9:04am
That's OK then. Just let the 1% cream off the wealth from the rest of the nation, exploit everyone, rig the political system in their favour, because otherwise they might just take their ill-gotten gains off somewhere else.
Sure that makes sense.
Pander to the robbers because they might just have stolen everything you've worked for, raped your wife and daughter but if you rile them they could kill you!
Webmaster Added Feb 11, 2019 - 9:45am
The billionaire who earned his money by making some product, for example Apple computer or simply rich person who wrote Harry Potter book got the huge money for the useful work. They did not privatize the mines and wells which are common property of the nation. They created intellectual or material property and sold it to people. So people gave them money. Moreover some billionaires tend to give this money back like Warren Buffett who decided to give part of his fortune to charity. Jack Ma for example told that when person starts earning huge money those money indeed are not his but people`s one. But when someone having relationship with rulers just steals nation`s property appropriating the income from the export of minerals or the work of plants and factories that he did not build at all, but several generations of ancestors built them, those money can be confiscated and given back to population of the country.
Michael B Bagala Added Feb 11, 2019 - 9:48am
How to make cool trillions without spending too much money:
- Give easy loans with low interest to millions who should not qualify.
-Do that long enough that the net has spread across many cities with land and housing now worth in the Trillions
-Make sure through these contracts that the buyer does all the repair work and improvements so that the real estate is worth quite a lot.
-Since these buyers are some of the riskiest because they have a steady but low income and are vulnerable to market changes. 
-Buyers fail to pay and foreclosures set in. The economy is devastated
but
The banks rake in trillions of dollars worth of foreclosed houses, markets, office space, farms, and small businesses. 
Now package these pricey real estates to buyers around the world including the domestic market, who are less of a risk. They earn more money and can pay off the higher loans they took to buy trillions of real foreclosed real estate. 
millions of duped buyers are damned. The rich become richer and spend time on an island figuring out the next scheme 
Michael B Bagala Added Feb 11, 2019 - 9:49am
This method has been done several times through the 19th, 20th and 21st century. Each time millions are left with nothing while the rich reap the rewards.
White Hair'd Added Feb 11, 2019 - 9:49am
R. Fisher,
History confirms what you have said.
Consider what happened during the Reagan administration, when a "soak the rich " plan called a "luxury tax" was put into effect.
The tax affected large boat builders, dealers in fine automobiles, jewelry and the like. This wasn't the first time that a luxury tax had ever been tried, but the result was the same. The bottom fell out of the luxury goods trade as the push back from the uber rich caused many businesses to go under and thousands lost their jobs.
Tax revenues fell.
 
White Hair'd Added Feb 11, 2019 - 10:06am
R. Fisher,

Welcome to Writer Beat!
 
George N Romey Added Feb 11, 2019 - 10:28am
Billionaires are no longer it in for "the money" per se. They're in it for their ego, their legacy, being a pioneer.  After awhile more money won't upgrade your lifestyle.  You can only live in so many homes, drive so many cars, steer so many boats.  Not to mention many billionaires are busy people that don't have the time or desire for too many houses to remember.
 
Name one billionaire that would stop being a billionaire if his/her taxes are raised.  In fact if the tax rate rose by 10% I doubt they notice the difference-$45 billion versus $50 billion net worth.
 
Look at someone like Jack Dorsey.  The guy was interviewed the other day about the Twitter issues.  The guy dresses and looks like someone that would change the oil in your car. 
Bill H. Added Feb 11, 2019 - 12:01pm
 
Look what happened when the rich got windfalls from the "tax cuts".
They not only used it to reward stockholders, but bought back stock and spent it to open even more offshore operations.
R. Fisher Added Feb 11, 2019 - 12:08pm
Opher, have you ever gone out to look at the numbers and see what percentage of taxes those top people pay?  The top 20% of earners pay 87% of income taxes in 2018.  The bottom 50% pay zip and in return get an earned income tax refund (welfare) food stamps (welfare) Medicaid (welfare) subsidized housing (welfare) cell phone plans (welfare) free school lunches/breakfasts (welfare) WIC (welfare) and the list goes on plus they get to live in America for free, drive on roads they don't pay for, enjoy the protection of the military they don't pay for and that list also goes on.  Don't try to tell me that the bottom 50% can't afford to skip McDonalds once a week, cook meals instead of buying prepared foods and pay at least a token for their benefits.  What gives you or anyone the right to decide how much money is enough or how much is too much?  How much extra are the "entertainers" in Hollywood and the Music Business forking over?  How about overpaid athletes?  Don't hear much of a hue and cry for their money.
R. Fisher Added Feb 11, 2019 - 1:01pm
George,  I don't disagree that billionaires don't "need" more billions.  The question is, though, who has the right to tell someone who has made money the old fashioned way-the actually worked for it-that they have enough or how much is enough?  You start down that road and at some point the guy making $100K a year won't "need" any more since that is way above the poverty level.  Then the guy making $50K.  It's nobody but the IRS's business how much money someone makes or has and that includes Donald Trump.
Michael B Bagala Added Feb 11, 2019 - 1:02pm
Fisher
America's economy was not created for benefit of the privileged class or Corporate America
Our economy should be based on the wellbeing of the average citizen, not the richest citizen
and our economy should not put profits before man. When money takes precedence over man then man loses in every way. 
opher goodwin Added Feb 11, 2019 - 3:20pm
R. Fisher - have you seen how much they earn? Have you seen how much they scam away in tax dodging?
Over the past 40 years the USA has got much wealthier but the lower and middle-classes haven't seen a penny. They are worse off. Where do you think all that enormous wealth has gone?
The whole country is being conned and exploited.
opher goodwin Added Feb 11, 2019 - 3:23pm
R. Fisher - nobody earns a billion dollars. They get that through exploitation. Nobody is worth tens of thousands an hour. It's a con. The people have been duped. The country is being run for the benefit of the few at the expense of the many.
R. Fisher Added Feb 11, 2019 - 3:31pm
Opher, when they are paying 87% of the taxes it's a little hard to call that tax dodging.  The people who complain the most about the "wealthy" are the same people who are too lazy to work and sacrifice the hours the wealthy have in order to BE wealthy.  If Warren Buffet were worth only 10 million tell me just how much better off  YOU would be because of that?  Not a dimes worth.  He didn't steal those billions from your bank account he did something that generated that wealth.  Wealth is NOT a static pie that causes some to have less because others have more.  You need to take an economics course instead of listening to Paul Krugman.  Find out where wealth comes from.  If every dime the super wealthy have disappeared tomorrow you wouldn't be one dime better off and in reality would be much worse off.  How many millionaires did Sam Walton make.  How many has Warren Buffet made.  Bill Gates.  These evil wealthy people start businesses, build factories, employ tens of thousands.  What factory have you built?  How many thousands have you employed? How much have you risked on an "idea"?  You want to be wealthy quit whining and go do it. 
rycK the JFK Democrat Added Feb 11, 2019 - 4:29pm
 I like billionaires! They show they can get something done!
 
R. Fisher
 
"Opher, when they are paying 87% of the taxes it's a little hard to call that tax dodging. "
 
The socialists and other losers of similar government goals are incompetent as they cannot exist without the rich and despise them in spite of the prosperity they provide. 
 
We are watching the EU crumble as Deutsche Bank slides into oblivion and Italy is on the brink of crashing in the Greek manner. This is the final test for socialism of the sort other than what the Russians gave us. Maybe the US will have to bail out those losers for the third time since 1914.
 
" You need to take an economics course instead of listening to Paul Krugman."
 
I do not think Krugman has a 50% guess rate on economies and governments and  certainly not markets. He is a whimpering, excitable political stooge at best  with a sour outlook and a dismal record. 
 
"wealth.  Wealth is NOT a static pie that causes some to have less because others have more. "
 
This comment attacks the precious leftist theme that: if you have  something above the average in wealth terms then this is proof that you attained that loot unfairly. Thus, you are either insensitive or a gross bandit who took food out of the mouths of babes and the infirm. 
 
Opher lives in a fictional world so just ignore him. 
Mustafa Kemal Added Feb 11, 2019 - 4:33pm
R,
"Billionaires didn't become billionaires by being stupid"
 
According to C. Wright Mill, in his book The Power Elite, the
Elite are not the brightest tools in the shed. Nevertheless, they were well trained in the secret handshake at a prestigious prep school
followed often by ivy league college.
 
As he states clearly, these schools DO NOT provide a superior education. What they instead provide is an understanding how power works.
 
When you understand how power works and daddy gives you 10 milion dollars, you can often make good money. They get loans at different rates than other people, have inside information from their Elite circle and if they flop, they dont have to worry about having to sell their children into slavery. They often just try again with another chunk of change, the type of change most of us have never seen.
 
So, you may be right, but that doesnt mean they became billionaires because of their wits.
 
 
 
rycK the JFK Democrat Added Feb 11, 2019 - 4:38pm
 Opher
 
"Over the past 40 years the USA has got much wealthier but the lower and middle-classes haven't seen a penny."
 
Inequality strikes again as if there were no such disease elsewhere!
 
The lower half has major problems that tend to keep them anchored below the median:
 
[1] drugs, drug addiction and disease from such addictions. 
[2] sloth
[3] the abject inability to compete with half the population.
[4] dismal academic records. 
[5] participation in criminal activities resulting in jail terms and the inability to get jobs
[6] the fatal belief that liberals or their ranting stooges are doing "something" for them. 
[7] ignorance of the outcomes of sex. 
[8] low IQs and the inability to handle money. 
[9] the selection and adoration of losers as role models. 
[10] the belief that socialism will get them some free money sometime in the future.
 
R. Fisher Added Feb 11, 2019 - 4:41pm
Tell that to Sam Walton, Bill Gates, Steve Jobs, Jeff Bezos and a few others that I can't remember.  Nobody "gave" them anything. And at least the first three didn't finish college.  They had an idea, took a risk and made a fortune.  Good for them.  Sure some wealthy people inherit it but the vast majority of them blow it away.  Those who earned it, even if they got a stake up front, had an idea and worked like dogs to make it go.  The old saw about "how do you make a small fortune"-start with a big fortune-is so true.  If you aren't smart enough to keep the ball rolling you will be broke in a generation or two.
Jeff Michka Added Feb 11, 2019 - 4:46pm
Scyk Ryck badmouths opher, and ignores the fact that many of these
"hard working billionaires" all made their wealth from their efforts.  The truth is, the money wasn't earned, it was inherited.  Much like in the Trump crime family.  But then, ol Syck "thinks" he's a JFK democrat.  He's not a "gum on my shoe" D.  What does syckster know?  And just go away from WB R. Fisher.  You aren't welcome.  We don't need more fascists here.  Now you clowns are scrunching up your MAGA hats and are about to "respond per usual."  How impressive.
rycK the JFK Democrat Added Feb 11, 2019 - 4:47pm
Mustafa Kemal
 
"As he [C. Wright Mill] states clearly, these schools DO NOT provide a superior education. What they instead provide is an understanding how power works."
 
Ivy League does not provide  superior education?! Then, what institution does better? Trade schools? Junior colleges?
 
The Bell Curve clearly shows that high IQ levels generate more income as the cognitive skills increase and especially in the >120 level which seems to be the lower boundary of doctors, lawyers and others of high income. Most CEOs have high IQs, 
 
 I suppose the Wharton School puts out dunces. 
 
It seems that "understanding how power works" is best learnt on the streets selling dope and regulating prostitution.
Dino Manalis Added Feb 11, 2019 - 4:48pm
 Billionaires know how to make money!
R. Fisher Added Feb 11, 2019 - 4:48pm
A couple of myths that need to be exploded.  One, companies exist to give people jobs.  Not true.  Companies exist to make a profit, period.  If they do then people get jobs.  If not then they go broke.  Two, a company "owes" workers a "living wage"-whatever the heck that is.  Not true.  Companies owe their workers whatever they are worth, period.  If I can train a chimpanzee to flip a hamburger then a human doing the same job is worth whatever benefit above the chimpanzee they bring to the table.  I spent 35 years in high tech sales and never once was paid what I thought I was worth.  I was paid what I was worth to the company.  To me that was fair and I knew it going in and made as much money as I was willing to put the effort into producing for the company.  Don't drop out of school, start a family, have two kids and them come crying to your boss that you need a "living wage" when the only marketable skill you have is pushing a broom or turning over a hamburger.  You made bad choices.  Don't expect someone to take pity on your stupidity and bail you out.
rycK the JFK Democrat Added Feb 11, 2019 - 4:49pm
Mustafa Kemal
 
"So, you may be right, but that doesnt mean they became billionaires because of their wits."
 
You have not proved otherwise. How many billionaires are of marginal intelligence?
R. Fisher Added Feb 11, 2019 - 4:54pm
Jeff Michka, so I'm not welcome here?  Is that because I put the lie to people who spout socialist ideas about wealth?  Or because I believe that hard work should be rewarded?  Or because I believe that no one has the right to stick a gun in your face and make you pay for your neighbors food?  Medical care? Housing?  Cell phone?  Which of these ideas so offends you that you think I should leave?
George N Romey Added Feb 11, 2019 - 5:13pm
Not all billionaires "worked for."  I've met "trust fund babies."  They typically do something to "follow their passion" but rarely have to worry about what happens if it doesn't pan out.  A business gets to use roads, airports, communication systems to conduct its business.  Just who do you think builds and maintains this?  
 
Mustafa Kemal Added Feb 11, 2019 - 5:22pm
ryck,
"You have not proved otherwise. "
 
I have not proved anything. Im telling you what I read.
I will let you know when I prove something.
 
I also have some familiarity with an Ivy League education. 
I can give supporting evidence from my experience there.
Of course, I still wont be able to prove anything. But I can tell you what i observed, if you are interesting in real information.
 
I got a great education at Cornell University, but they didnt train me to be among the Elite, they trained me to be an engineer. But I have many friends that rode right on through to their social strata's just desserts. Many of them were of truly marginal intelligence, and many of those are among our elites today. Hotel School was one of the popular places for them.
 
The idea that they are billionaires because  of some sort of
meritocracy in the system is absurd IMO.
 
" I suppose the Wharton School puts out dunces. "
 
LOL, very funny.
 
 
 
Mustafa Kemal Added Feb 11, 2019 - 5:33pm
R,
"Companies exist to make a profit, period.  "
 
That is so sweet, thinking of the classics.
 
But that is NOT the business model today. Companies exist to enrich their upper beaurocracy, their elite. The company can lose money every year and still be successful. 
 
Welcome to finance capitalism
Mustafa Kemal Added Feb 11, 2019 - 5:54pm
ryck,
here is another data point.  A met a famous Machine Learning researcher from Cornell and he told a group of us that the most important thing that a Cornell education gave you was contacts.
This, of course, is consistent with CW Mills.
 
 I told him,  being a Cornell grad myself, 
that was not my experience. To me what I got was the ability to derive Euler-Lagrange equations like a marine doing pushups.  Moreover, after having moved on to graduate school I, as well as my professors,  could see the advantage my education gave me  over my peers. He laughed and told me that I was mistaken.
opher goodwin Added Feb 11, 2019 - 6:11pm
rycK - it was ever thus. Do you think people have got more stupid, more lazy and less alcoholic? No.
The wealth has just been siphoned up to the wealthy. They are laughing themselves silly at the poor fools who support this system. You're doing their job for them.
opher goodwin Added Feb 11, 2019 - 6:14pm
The Trump dynasty made their money out of government grants for redevelopment that they appropriated and used racist policies and strongarm tactics to gain exorbitant profit along with accounting discrepancy and tax evasion.
A clear illustration of unscrupulous tactics.
Earnt? No - stolen.
Jeff Michka Added Feb 11, 2019 - 6:55pm
All you spout is rightist talking points, for which I have absolutely no use, just as WB has no use for you, R Fisher.  You can delete, of course, and that's expected from rightist running dog lackies like yourself.  Poor Billionaires cries Fisher...but that like all migrants are rapist and murderers, which I'm sure you believe.   Go away, there's enough garbage under WB's desk.
George N Romey Added Feb 11, 2019 - 6:56pm
Some of the dumbest people I’ve met in my life have had fancy degrees coming out of their ass. The business model today is pump up the ideas and pump up the stock. Get out while it’s on the crest. Don’t think so? Look at technology from Uber to Tesla. You same guys put down Musk but he’s the face of a 21st century billionaire. Someone that sits around (often stoned) thinking of going to Mars and everyone on Wall Street is in for the ride. Sheer genius.
Michael B Bagala Added Feb 11, 2019 - 7:24pm
Fisher
The people who complain the most about the "wealthy" are the same people who are too lazy to work and sacrifice the hours the wealthy have in order to BE wealthy.
Since you defend them so strongly I assume you are swimming in money, billions of it. Otherwise, you may be one of the lazy bums
btw. No one became a Billionaire holding down a 9-5 job working 40 hours a week. No one. Zero.
so that means you are not one of the workers either. 
Michael B Bagala Added Feb 11, 2019 - 7:34pm
America's entire economic system of 9-5 workers is set up so one does not become a billionaire. 
.
Once you are locked into a career your pay scale is also locked. you may get some raises but not the degree of making you a billionaire'.
 
Because you spend so much of your time doing the same thing through the years, you do not meet the right people or have enough to invest or get to know what to invest in. 
.
Your earnings lock you into that thin strip of a middle class which can evaporate if income does not keep up with the cost of living.  You are neither poor or rich and you are given the least amount needed to get the job done.
.
Only in European Socialist systems does the worker get more than the minimum such as paid maternity leave and more comprehensive health insurance to other perks of life. But just as in America Europe and the modern world is locked out of that stratosphere of wealth by employing you in a career.
.
When we were kids Teachers often groomed us by asking what you want to be when you grow up. Kids naturally would state some kind of career as in Doctor, Botanist, Scientist, engineer, Airplane pilot etc. 
.
The super wealthy do not limit themselves to these categories. If you ask them their answer would be I want to be as wealthy as I can be and will do whatever it takes to get there
That usually includes a mindset where the ends justify the means.
 
Logical Man Added Feb 11, 2019 - 8:44pm
Billionaires become billionaires by knowing the right people and which pockets to fill.
Politicians become wealthy by supplying the pockets.
Bankers own the trousers.
Michael B Bagala Added Feb 11, 2019 - 9:23pm
Logical Man
Coca Cola's advice on success. 3 important steps
first is How you Look
second is Who you know
third is What you Know
Logical Man Added Feb 11, 2019 - 9:30pm
2 secrets....
 
1. Never tell anyone everything you know.
 
2.
 
 
Mustafa Kemal Added Feb 11, 2019 - 10:07pm
2. To Listen
Jeffry Gilbert Added Feb 11, 2019 - 11:59pm
Show me a great fortune and I'll show you at least one crime. 
Spartacus Added Feb 12, 2019 - 2:25am
Fisher, these are the biggest questions of our time.  Will the bottom 10% IQ become politically stronger than the top 10%?  Will compulsive empathy be the primary political force over rational?
 
I'll say this . . . weakness has never, ever been a viable force in human history.  Never.  Strength has always dominated.  The modern left can prop themselves up now with hyper-empathy, embracing a race to the bottom through intersectionality & Oppression Olympics but eventually the strong will retake political authority.  It is inevitable.
The left has abandoned reason for madness.
edinmountainview Added Feb 12, 2019 - 3:31am
Welcome to Writer Beat, R. Fisher.  I don't mind that billionaires have their money, they made it.  If one thinks any specific billionaire committed a crime, prove it in a court of law.  What I do mind is any billionaire trying to tell me how to live my life, as if they know what's best for me.  
Semper Fi
Ward Tipton Added Feb 12, 2019 - 6:47am
Greetings from here in Galt Gulch ... and welcome to Writer Beat. 
 
"What I do mind is any billionaire trying to tell me how to live my life, as if they know what's best for me."
 
Replace "Billionaire" with "Politician" ... and the shoe still fits. 
Doug Plumb Added Feb 12, 2019 - 7:00am
The problem that so often happens with economists and self proclaimed economists is that they do not understand the realities of political science and live in an ideal world that doesn't account for corruption.
  Millionaires easily become billionaires by going along to get along. I think if you start with a million and can't turn it into a whole lot more, you are a fool.
  I would just study populations and build housing where its needed and where it will pay off in twenty years. For that to be done sucessfully you just study population dynamics and understand the goals of government so you can go along with the ride.
  Globalism tells us to be rich, build hotels, because people travel all the time. When government agents do it, they always want and the gov is always willing to pay for the best for their servants.
 
George N Romey Added Feb 12, 2019 - 7:39am
Logical Man has stated the most logical.  During my 17 years living in Manhattan I got to know a number of "trust fund babies."  Many despite their enormous wealth were very "down to Earth" and non pretentious.  That being said they hardly worked any harder than someone in a cubicle making $75K a year.  
 
There's is a hell of a difference between a billionaire and a small business owner putting in 80-100 hours a week making $500K a year.
Stone-Eater Added Feb 12, 2019 - 8:24am
To the title:
 
No, but almost.
 
50% wealthy heritage
40% connections by above
10% own effort.
Michael B Bagala Added Feb 12, 2019 - 8:40am
Logical Man
Secrecy goes with being rich. Never tell your "inside" secrets or all will be doing it and some better than you.
Doug:
So true. if you have seed money of a million or more it makes it so much easier to make 10 million. 
With 100 thousand the odds are higher to achieve 10 million. Because of that, the rich get richer at a faster rate.
Invest a billion and there is a good chance you would realize 3 billion, which puts that person way ahead of the pack
One issue is avoiding debt! the biggest problem of those seeking wealth is their debt burden also rises to the point it drags them down.
Jeffry Gilbert Added Feb 12, 2019 - 8:50am
If one thinks any specific billionaire committed a crime, prove it in a court of law.
 
I was paraphrasing Honore de Balzac who wrote in 1834:
 
The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed.
Michael B Bagala Added Feb 12, 2019 - 9:01am
  If one thinks any specific billionaire committed a crime, prove it in a court of law.
Not if you have enough money to buy the Judge and get the best lawyers. 
Our prison system is full of the poorest people. There are hardly any rich and powerful people in prison. 
Michael B Bagala Added Feb 12, 2019 - 9:24am
The Trump dynasty made their money out of government grants for redevelopment that they appropriated and used racist policies and strongarm tactics to gain exorbitant profit along with accounting discrepancy and tax evasion.
A clear illustration of unscrupulous tactics.
Earnt? No - stolen.
In New York to do anything with real Estate one has to get the permission of the NY Port Authority. the Kushner family is well connected to that institute. Which means Ivanka's marriage was a deal maker. Trump prostituted his daughter so he can make more money.
opher goodwin Added Feb 12, 2019 - 9:50am
Mogg - no - the poor aren't the best people to rule. Everybody should rule in a democracy. I just want a much better system that is fair. I do not want everyone equal. I just want far less inequality.
I think you deliberately misrepresent or else fail to understand.
Ward Tipton Added Feb 12, 2019 - 9:59am
"I just want a much better system that is fair."
 
And I want an entire mountain so far back in the woods that the sunshine has to be pumped in and the moonshine has to be pumped out ... but it ain't gonna happen. Both are pipe dreams ... in my case stalled by lack of funding, in your case because human nature is such that those who will seek power will use that power to usurp more power and oppression will still rule the day. 
rycK the JFK Democrat Added Feb 12, 2019 - 10:35am
Opher
 
" Everybody should rule in a democracy. I just want a much better system that is fair."
 
How do you get 'everybody' to "rule"??
 
"I just want far less inequality."
 
A solemn quest to confiscate the wealth of the successful and 'spread that  around' as Obama said?? Remember: 0-2% growth in GDP per year is the New Normal.
 
Cambodia achieved your quest for far less inequality.
rycK the JFK Democrat Added Feb 12, 2019 - 10:37am
MGB
 
" Which means Ivanka's marriage was a deal maker. Trump prostituted his daughter so he can make more money."
 
That is over the top in my view. You have no evidence to state that.
 
Be careful what you post on my threads. 
Marty Koval Added Feb 12, 2019 - 1:27pm
America does not have a tax revenue problem, it has a government spending addiction problem. Politicians are always making promises that cause the government to spend more money, because they know they are buying votes to be reelected.
 
A Democratic lawmaker from Louisiana succinctly encapsulated the American attitude toward taxes: “Don’t tax him, don’t tax me, tax that man behind the tree.” A poll that was done a number of years ago found that two-thirds of adults believed that “everyone should be required to pay some minimum amount of tax to help fund the government.” Not just the rich.
 
Since every American benefits by this magnificent country. Absolutely every American should pay something, even if it's a dollar,” Just because the rich are rich, why should they have to pay more than their fair share, when 40% of the American households don’t pay any income tax in a given year
 
If EVERYONE had to pay their fair share in taxes, then they might keep the government from always wanting to spend more.
Michael B Bagala Added Feb 12, 2019 - 1:59pm
JFK
Not really. the evidence is in the practice of arranged marriages. often of marriages of convenience. You prove that it was not the case. Prove to me that Ivanka and Kushner married purely on love.
edinmountainview Added Feb 12, 2019 - 3:59pm
Ward - Yep, politicians too.
Semper Fi
FacePalm Added Feb 12, 2019 - 6:09pm
R. Fisher-
Don't mind the Michka Mouse; he thinks everyone not fully embracing the idiot left is an ERW, or "extreme right-winger."  Most of us just ignore him.  It's extremely rare that he has ANYthing positive to say about ANYone at ANY time for ANY reason.
 
He's gotten quite good at "gigging," which is to use words to provoke a response, like stabbing a bear with a sharp stick, and quite enjoys provoking others to anger, it appears.
 
But on-point to your article, i have to laugh every time some leftist dingbat hates on Trump and calls him "stupid."  If i had 1% of his "stupid," i'd be well-off and have no worries...for the rest of my life.
 
Ever notice how the inferior find nothing but contempt for those who have superior intelligence?  (both in the sense of being smart as well as having the right info at the right time.)
 
"Those who see their lives as spoiled and wasted crave equality and fraternity more than they do freedom.  If they clamor for freedom, it is but freedom to establish equality and uniformity.  The passion for equality is partly a passion for anonymity: to be one thread of the many which make up a tunic; one thread not distinguishable from the others. No one can then point us out, measure us against others, and expose our inferiority."
-- Eric Hoffer(1902-1983) American author, philosopher, awarded Presidential Medal of Freedom
 
"The superior man understands what is right. The inferior man understands what is popular."
-- Confucius[Kung Fu-tse] (551-479 B.C.)
 
"Welfare rights are pseudo-rights: They rely on the force of law to take private property for the use of others without compensation and without consent. Public charity is forced charity; it is not a virtue but a vice."
-- James A. Dorn, V.P. for academic affairs at the Cato Institute, director of Cato’s project on Civil Society
Source: Wrapped in the pretense of morality, The Washington Times, August 29, 1995
 
"Legislators and revolutionaries who promise equality and liberty at the same time are either psychopaths or mountebanks."
-- Johann Wolfgang von Goethe(1749-1832)
Source: Maximen und Reflexionen
 
”Nature smiles at the union of freedom and equality in our utopias.  For freedom and equality are sworn and everlasting enemies, and when one prevails the other dies. Leave men free, and their natural inequalities will multiply almost geometrically, as in England and America in the nineteenth century under laissez-faire.  To check the growth of inequality, liberty must be sacrificed, as in Russia after 1917. Even when repressed, inequality grows; only the man who is below the average in economic ability desires equality; those who are conscious of superior ability desire freedom, and in the end superior ability has its way.”
-- Will Durant, (1885-1981) American psychologist, philosopher
 
Michael B Bagala Added Feb 12, 2019 - 8:45pm
Marty
America does not have a tax revenue problem, it has a government spending addiction problem.
Fully Agree
everyone should be required to pay some minimum amount of tax to help fund the government.” Not just the rich.
Unless Everyone is represented in Government. We are not. the rich are.
 
Mustafa Kemal Added Feb 12, 2019 - 10:08pm
FacePalm,
" If i had 1% of his "stupid," i'd be well-off and have no worries...for the rest of my life."
 
I think you would be unpleasantly surprised at what life would be like.
 
 
ChetDude Added Feb 13, 2019 - 12:12am
True, billionaires didn't get to be billionaires by being "stupid".
 
Billionaires get to be billionaires by being born on 3rd base as sociopaths endowed with unlimited greed and selfishness and ample opportunities under a vulture capitalist Oligarchy to plunder the Commons with minimal hindrance...
 
Clever sociopaths...
ChetDude Added Feb 13, 2019 - 12:16am
Sam Walton, Bill Gates, Steve Jobs, Jeff Bezos--ALL born on third base thinking they hit a triple.
Michael B Bagala Added Feb 13, 2019 - 1:17am
Well said Chet
Ward Tipton Added Feb 13, 2019 - 1:51am
Sam Walton remained humble, driving an old beat up pickup truck til the day he died. It was when family began running the operations as he grew older that the tendency to run out the mom and pop stores took over. 
Ward Tipton Added Feb 13, 2019 - 1:51am
What was the role of Hillary Clinton with Wal Mart again? Oh yeah. 
rycK the JFK Democrat Added Feb 13, 2019 - 1:19pm
ChetDude
 
"Billionaires get to be billionaires by being born on 3rd base as sociopaths endowed with unlimited greed and selfishness and ample opportunities under a vulture capitalist Oligarchy to plunder the Commons with minimal hindrance..."
 
Not true.
 
https://www.quora.com/Which-is-the-best-way-to-be-a-Billionaire
 
 
Doug Plumb Added Feb 18, 2019 - 6:17am
re "Not if you have enough money to buy the Judge and get the best lawyers. "
 
The judge is liable for the judgement. In common law a judgement can be proven wrong. There is no appellate in common law, you have to prove the judgement wrong. The judgement includes cause. Common law is as close to being mathematical as anything, the grey issues are around procedure and evidence.
Michael B Bagala Added Feb 18, 2019 - 10:30am
JFK
A child of a Billionaire is seldom going to be a pauper. That child simply inherits wealth without doing a thing.
In the 90's America experienced one of the world's largest wealth transfers from one generation to the next and 
again in the 21st century America  experienced an even larger wealth transfer of trillions through inheritance. 
rycK the JFK Democrat Added Feb 18, 2019 - 11:03am
Michael B Bagala
 
So , what is your point? Almost  all new 'rich' achieved that status starting with average means. 
 
Why take money from the successful? Revenge?
 
" ...the world's largest wealth transfers from one generation to the next"
 
So, where should  that wealth have gone? To the 'poor' ?
 
Our government does not have a good record in this respect. What did we gain from Obama's $10T debt increase?? ObamaCare  is a failure. We can trust the Dems?? Really?
 
We need to keep our own monies to fight the slimy left-liberals who can do little more than tax, bawl and spend. They are losers.