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1125 billionaires, actually - an increase of over 260 from last year.
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A more interesting number would be the number of said billionares who are "self made" billionares. Cut anyone who inherited more than X dollars out of the list. Recompute.
I dont understand how 1 person can have as much money when so many need money just to eat, it really seems unfair.
If I won the lottery, lets say 25million, I would give away 20 atleast. Pay off my families mortgages, help people with great ideas start their businesses....
Spec.
-Never argue with an idiot; He will bring you down to his level and beat you with experience.
Originally posted by Spec
I dont understand how 1 person can have as much money when so many need money just to eat, it really seems unfair.
If I won the lottery, lets say 25million, I would give away 20 atleast. Pay off my families mortgages, help people with great ideas start their businesses....
Spec.
Among other things, you can't convert "$10" to "Dinner" directly; someone has to actually *grow* the food (or raise it or whatever). Feeding the starving in Africa is a much more difficult task than simply handing out checks on the street corner.
I wonder what the inflation rate would be if the US government took a tax of 100% on capital holding over $5m, and handed a check to every citizen (children included) for ($tax)/(300m) or whatever the current population is. 40%? 45%?
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I like your SNOOPY POSTER! - While you Wait quote.
Originally posted by Arrian
A more interesting number would be the number of said billionares who are "self made" billionares. Cut anyone who inherited more than X dollars out of the list. Recompute.
-Arrian
The WSJ had the self-made number: 2/3rds.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
Originally posted by snoopy369
I wonder what the inflation rate would be if the US government took a tax of 100% on capital holding over $5m, and handed a check to every citizen (children included) for ($tax)/(300m) or whatever the current population is. 40%? 45%?
If you are a monetarist it wouldn't create any inflation. If you are a supply sider it would.
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It most certainly would create some 'real' inflation, in that prices for goods would most certainly go up because money that was effectively out of circulation is now back in circulation. The money supply would go up, more than likely, as stocks and such were sold to make up the money for the taxes; banks would probably start loaning significantly more money (or just exchanging it for stocks) and corporations would also buy a lot of stock I'd guess.
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.
Originally posted by Spec
I dont understand how 1 person can have as much money ...
They work or had a good idea that paid off. You and Kid could try both.
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Originally posted by snoopy369
It most certainly would create some 'real' inflation, in that prices for goods would most certainly go up because money that was effectively out of circulation is now back in circulation. The money supply would go up, more than likely, as stocks and such were sold to make up the money for the taxes; banks would probably start loaning significantly more money (or just exchanging it for stocks) and corporations would also buy a lot of stock I'd guess.
Money in the bank is not out of circulation. The bank loans that money out. Same argument with stocks. If anything the money supply would go down if you count the money in banks.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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