Wisconsin Scott Walker??· Page 23

Wade
Veteran Member

14 years ago

Top 20 wealthiest people in America.. 2009.. don't see an actor on the list.

1. William Gates III ($50.0 bil, 53yo, Medina, WA Microsoft) [Cuba]
2. Warren Buffett ($40.0 bil, 79yo, Omaha, NE Berkshire Hathaway) [Lebanon, Latvia]
3. Lawrence Ellison ($27.0 bil, 65yo, Redwood City, CA Oracle) [Paraguay]
4. Christy Walton & family ($21.5 bil, 54yo, Jackson, WY Wal-Mart inheritance) [Trinidad]
5. Jim Walton ($19.6 bil, 61yo, Bentonville, Aaron Rodgers Wal-Mart) [Georgia]
6. Alice Walton ($19.3 bil, 60 Fort Worth, TX Wal-Mart) [Georgia]
7. S Robson Walton ($19 bil, 65yo, Bentonville, Aaron Rodgers Wal-Mart) [Dem. Rep. Congo]
8. Michael Bloomberg ($17.5 bil, 67yo, New York, NY Bloomberg) [Mozambique]
9. Charles Koch ($16.0 bil, 73yo, Wichita, KS manufacturing, energy) [Chad]
10. David Koch ($16.0 bil, 69yo, New York, NY manufacturing, energy) [Chad]
11. Sergey Brin ($15.3 bil, 36yo Palo Alto, CA Google) [Haiti]
12. Larry Page ($15.3 bil, 36yo San Francisco, CA Google) [Haiti]
13. Michael Dell ($14.5 bil, 44yo, Austin, TX Dell) [Mauritius]
14. Steven Ballmer ($13.3 bil, 53yo, Seattle, WA Microsoft) [Jamaica]
15. George Soros ($13.0 bil, 79yo, Westchester, IL hedge funds)* [Jamaica]
16. Donald Bren ($12.0 bil, 77yo, Newport Beach, CA real estate) [Benin]
17. Paul Allen ($11.5 bil, 56yo, Seattle, WA Microsoft, investments) [Iceland, Tajikistan]
18. Abigail Johnson ($11.5 bil, 47yo, Boston, MA Fidelity) [Iceland, Tajikistan]
19. Forest Edward Mars ($11.0 bil, 78yo, McLean, IL candy, pet food)* [Iceland, Tajikistan]
20. Jacqueline Mars ($11.0 bil, 70yo, Bedminster, NJ candy, pet food)* [Iceland, Tajikistan]

"Pack93z" wrote:

By my count, this adds up to wealth of $373.4 billion. (though I did this at 6 a.m. without benefit of a calculator, so who knows how accurate my addition is! 🙂 )

But lets just say its $400 billion.
This is wealth, not income. (Wealth being defined as what generates income). Let's assume these people have way about normal abilities to generate income, say, at a rate of 25 percent return per year, and can do it for the rest of their lives. That's a cool $100 billion.

Suppose we tax them at 100 percent of their income and allow them, because they are so stinking rich, zero deductions.

That's a cool $100 billion in tax revenue.

Problem is, by itself, our federal government is going to add a full TRILLION dollars or so of deficit spending over the same time period.

So we've taken all the income of ten of the richest people in human history, and we've increased our government debt by nine times as much as we took.

And now you've pissed off people who control $400 billion of your assets.

This is going to help how?

"Soaking the rich" or other "increase tax" schemes sound great (as long as you aren't one of the people being taxed). But it's lousy math. Every time.

In the end, there are only two solutions to excessive debt:
1. Stop spending and hope you're creditors will spread out the payments long enough.
2. Get more productive so you can generate more income to pay them off sooner.

Everything else is nothing more than taking from one pocket and putting it into another.

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

Pack93z
Select Member

14 years ago

#222

5. Jim Walton ($19.6 bil, 61yo, Bentonville, Aaron Rodgers Wal-Mart) [Georgia]

7. S Robson Walton ($19 bil, 65yo, Bentonville, Aaron Rodgers Wal-Mart) [Dem. Rep. Congo]

"vikesrule" wrote:

😳

:icon_smile:

"Pack93z" wrote:

I blame the Auto replace routine. 🙂

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

Zero2Cool
Elite Member Topic Starter

14 years ago

#223

5. Jim Walton ($19.6 bil, 61yo, Bentonville, Aaron Rodgers Wal-Mart) [Georgia]

7. S Robson Walton ($19 bil, 65yo, Bentonville, Aaron Rodgers Wal-Mart) [Dem. Rep. Congo]

"Pack93z" wrote:

😳

:icon_smile:

"vikesrule" wrote:

I blame the Auto replace routine. :)

"Pack93z" wrote:

I CREDIT the ingenious feature. 😉

yooperfan
Veteran Member

14 years ago

#224

I call BULLSHIT!
We have had tax breaks for the rich since Reagan and it has never worked.
Where do these concerned corporations move their business
Oh yeah, to countries that pay a FEW bucks a day.

"Formo" wrote:

How exactly haven't they worked? Define 'worked'. See, to me, they HAVE worked. The rich, in Bush Jr's era(2004-6, I believe), the top 1% in income earners attribute 36.9% of total income taxes. The top 5% of income earners have paid 57.1% of income taxes. Conversely, the bottom 50% of income earners only have paid 3.3%.

Those corporations and businesses that move their OPERATIONS to other countries. Where labor is cheap (thus, very weakly taxed). Yeah, sure, they get tax breaks.. but because their costs of running the operations is way down, they have the money. Taxing them more isn't going to bring more jobs to the US.

"yooperfan" wrote:

And taxing them less hasn't brought any more jobs to the US.
Reagans trickle down theory didn't work period.
We went through one of the deepest recessions in US history during the Reagan Administration.Unemployment in The Upper Peninsula of Michigan was 17%.
I personally was out of work for the longest period of my working career which spanned 40 years. (3 years unemployed)
The Bush administration with the Bush taxcuts and deregulation designed to allow corporations (both financial and industrial) nearly brought on another "great depression.
The Clinton administration by comparison raised taxes and we actually enjoyed the greatest economy in the history of the world.
You see it's the middle class that spends their money in THIS COUNTRY. The rich fly off to Paris and Rome to do their Christmas Shopping.
Your statistics, artfully presented by fox news and their ilk are meaningless.
10% tax on a person making $20,000.00 dollars a year means a helluva lot more to that person than a 10% tax on a millionaire or Billionaire who have tax lawyers who take advantage of tax loopholes and in reality pay less in taxes than the person making minimum wage. Plus they and corporations hide their money in offshore accounts which is a whole other issue.
Just keep voting Republican and enabling the rich and watch the middle class disappear and we will be back in the 19th century.
Good luck begging for bread crumbs from the rich.

djcubez
Senior Member

14 years ago

#225

It's starting to get ugly at the capitol. I'm getting that "old and rich" versus "young and educated" vibe again from all this.

Porforis
Veteran Member

14 years ago

#226

It's starting to get ugly at the capitol. I'm getting that "old and rich" versus "young and educated" vibe again from all this.

"djcubez" wrote:

The only vibe I'm getting from this is "Oh dear, politics again. Only this time it's the Democrats throwing a hissy fit".

djcubez
Senior Member

14 years ago

#227

It's starting to get ugly at the capitol. I'm getting that "old and rich" versus "young and educated" vibe again from all this.

"Porforis" wrote:

The only vibe I'm getting from this is "Oh dear, politics again. Only this time it's the Democrats throwing a hissy fit".

"djcubez" wrote:

True. I'm pretty sure Walker violated the law her somewhere though lol. It's a pretty nasty situation. Even one Republican voted "no" and wrote a statement saying how he wish their could have been a compromise.

musccy
Veteran Member

14 years ago

#228

This is just a clusterfu** from every angle.

Walker said all along that the CBA/unions was purely budget related but it takes a re-write of the bill that eliminates budget matters from the language in order for him to pass what he wants, which further reinforces his and his lobotomized minions' (w/ the exception of Schultz) agenda.

Then yesterday was yet another clusterfu**. Although I think what the repubs did was illegal and cheap, Barca and the dems trying to pull the 24hr. public meeting card seems a little disingenous when they fled the state for 3 weeks (even though I support them doing so).

I'd like to reiterate that this is a clusterfu**!

Porforis
Veteran Member

14 years ago

#229

Then yesterday was yet another clusterfu**. Although I think what the repubs did was illegal and cheap, Barca and the dems trying to pull the 24hr. public meeting card seems a little disingenous when they fled the state for 3 weeks (even though I support them doing so).

"musccy" wrote:

An assumption on my part, but I'm assuming that you were in favor of Obamacare. If all of the republican members of congress went to Canada to prevent a vote on the healthcare bill, would you support them doing so?

My point is, sleazy tactics that defy the entire idea behind our democratic process should not be tolerated no matter if we agree with the ends or not. The more we tolerate it the more of it we're going to get.

musccy
Veteran Member

14 years ago

#230

I actually wasn't in favor of obamacare (even though I was for health care reform) because it was a 2,000+ page document that Peolsi and others said "lets pass it so we can understand its benefit later." I oppose this budget repair bill for that and other reasons.

I agree that what the 14 are doing is basically an unprecedented temper tantrum that I hope isn't a tactic that gets repeated ever again, hence my comments about Barca's complaints about them not fighting fair being little hypocritical.

At the same time, what other tactic did they have? It's pretty clear in polls, protests, and public outcry that the democrats are standing for at least a loud minority, and according to polling a loud majority (I'm only talking union, not the pensions/HC which I, and the majority appear to view as a "necessary evil"). However, Walker/Fitzgerald have just demonstrated in the last 24 hours, that they're opperating under a carte blanche mentality that they have now proved can't be stopped or negotiated with.

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