1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

[Positivity and Success]12 Richest Americans hit 1 Trillion!

Discussion in 'BBS Hangout: Debate & Discussion' started by Invisible Fan, Aug 19, 2020.

Page 1 of 3
  1. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,954
    Likes Received:
    28,051
    That's a lot of milkshake.

    A pox on Commies and Socialists for being "racially divisive"! We should be cheering on the streets!!!

    https://inequality.org/great-divide/twelve-us-billionaires-combined-1-trillion/
    For the first time in U.S. history, the top twelve U.S. billionaires surpassed a combined wealth of $1 trillion. On Thursday August 13, these 12 held a combined $1.015 trillion.

    This is a disturbing milestone in the U.S. history of concentrated wealth and power. This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Twelve or a Despotic Dozen.

    The Oligarchic Dozen are Jeff Bezos ($189.4b), Bill Gates ($114b), Mark Zuckerberg ($95.5b), Warren Buffett ($80b), Elon Musk ($73b), Steve Ballmer ($71b), Larry Ellison ($70.9b), Larry Page ($67.4b), Sergey Brin ($65.6b), Alice Walton ($62.5b), Jim Walton ($62.3b), and Rob Walton ($62b).

    Since March 18, the beginning of the pandemic, this Oligarchic Dozen have seen their combined wealth increase $283 billion, an increase of almost 40 percent.

    Elon Musk has been the biggest pandemic profiteer, seeing his wealth triple from $24.6 billion on March 18th to $73 billion on August 13, an increase of $48.5 billion or 197 percent.

    Amazon co-founder Jeff Bezos was worth $189.4 billion on August 13, up $76 billion or 68 percent since March 18.

    Facebook CEO Mark Zuckerberg was worth $95.5 billion on August 13, up $40.8 billion or 75 percent since March 18.

    Wealth Windfalls, Tumbling Taxes, & Pandemic Profiteers
    During the first stage of the pandemic, between January 1st and March 18th, the collective wealth of the Oligarchic Dozen declined by $96 billion. But their wealth quickly rebounded and surpassed their March 2019 Forbes Global Billionaire wealth level. The only exception is Warren Buffett, who is still $2 billion below his March 2019 wealth, but is currently worth $80 billion.

    March 18th, 2020 marked the beginning of the Covid-19 lockdown and historic filings for unemployment — and also the intervention of the Federal Reserve with monetary actions to stabilize markets.

    Philanthropy is not the answer but is becoming another extension of private power and interests. A number of the Oligarchic Dozen are members of the Giving Pledge, a group of billionaires who promised to give away at least half their wealth before their death. But as an Inequality Brief “Giving Pledge at 10,” by the Institute for Policy Studies reveals, ten years after beginning the Pledge, their combined wealth has doubled. Among the Oligarchic Dozen, five of the top seven billionaires — Gates, Buffett, Zuckerberg, Ellison, and Musk — have taken the Giving Pledge.

    See our research summary here.
     
    #1 Invisible Fan, Aug 19, 2020
    B-Bob, deb4rockets, tinman and 1 other person like this.
  2. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    Those dudes have helped my 401K and Etrade Account

    Thank you rich dudes!

    Thanks Elon! Jobs in Austin, my stocks are going to split into 5.

    Thanks Jeff! I ordered Super Smash Brothers on the cheap and got it delivered to my secure delivery box that opens with my cell phone from Apple.
    I saved money and I didn't have to deal with covid infested suckers at GameStop!

    To Warren, I see your interviews on CNBC. I see what you buying on the market. Thanks bro.

    Bill, we know you predicted this . It's not my fault everyone is stupid.


    To Steve Balmer
    @Os Trigonum @Reeko @rocketsjudoka @Ziggy

    EVERY ROCKET FAN wants you as an owner. You ARE REAL BILLIONAIRE!!!! You didn't pander to China, you didn't threaten to move your team to Kentucky. You ain't a greedy Floridian Trophy thief.
     
    #2 tinman, Aug 19, 2020
    pgabriel, adoo and RayRay10 like this.
  3. dachuda86

    dachuda86 Member

    Joined:
    May 3, 2008
    Messages:
    16,325
    Likes Received:
    3,586
    Good for them? Hopefully they keep it in the U.S. and don't put it in China.
     
    #3 dachuda86, Aug 19, 2020
  4. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    Well if AOC and Bernie want to drop a 70% tax on you, I wouldn't blame them for leaving.

    They built all the greatness for America and these suckers want to take their money and give it to some dudes with no jobs so they can buy weed?

    Nah bro.

    If I'm a billionaire, I'm going to stay a billionaire.
     
    #4 tinman, Aug 19, 2020
    pgabriel, waytookrzy079 and RayRay10 like this.
  5. B-Bob

    B-Bob "94-year-old self-described dreamer"
    Supporting Member

    Joined:
    Jul 26, 2002
    Messages:
    35,986
    Likes Received:
    36,844
    [​IMG]
     
    #5 B-Bob, Aug 19, 2020
    Buck Turgidson, tinman and RayRay10 like this.
  6. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
     
    #6 tinman, Aug 19, 2020
    RayRay10 likes this.
  7. dmoneybangbang

    dmoneybangbang Member

    Joined:
    May 5, 2012
    Messages:
    22,645
    Likes Received:
    14,373
    LOL. Why wouldn't they maximize their returns? Most of the growth is outside of the US. There are consequences to letting the wealthy keep so much of it.

    Didn't think you'd have to stick for China being so capitalist?
     
    #7 dmoneybangbang, Aug 19, 2020
    RayRay10 likes this.
  8. fchowd0311

    fchowd0311 Member

    Joined:
    Apr 27, 2010
    Messages:
    55,682
    Likes Received:
    43,473
    How are people this dumb?
     
    #8 fchowd0311, Aug 19, 2020
    Ubiquitin and CometsWin like this.
  9. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

    Joined:
    Jun 3, 2002
    Messages:
    59,079
    Likes Received:
    52,749
    Mackenzie should have moved past the Waltons by now.
     
    #9 KingCheetah, Aug 19, 2020
    RayRay10 likes this.
  10. glynch

    glynch Member

    Joined:
    Dec 1, 2000
    Messages:
    18,102
    Likes Received:
    3,610
    Oh, well they earned it. The rest of us could have done it if we had worked harder or smarter or were taxed less.
     
    #10 glynch, Aug 19, 2020
    dobro1229, B-Bob, Invisible Fan and 5 others like this.
  11. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    These people are making the world a better place
    They heal the world
    For you and for me
    And the entire human race
     
    #11 tinman, Aug 19, 2020
    RayRay10 likes this.
  12. CometsWin

    CometsWin Breaker Breaker One Nine

    Joined:
    May 15, 2000
    Messages:
    28,028
    Likes Received:
    13,051
    dachuda exhibiting his failure in understanding how to become a billionaire.

    @tinman is a big trickle down believer apparently.
     
    #12 CometsWin, Aug 19, 2020
    RayRay10 likes this.
  13. larsv8

    larsv8 Member

    Joined:
    Nov 11, 2007
    Messages:
    21,663
    Likes Received:
    13,916
    No moral argument for Billionaires to exists.

    Top rate 95%
     
    #13 larsv8, Aug 19, 2020
    RayRay10 likes this.
  14. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    I guess some of you don't believe James Harden should be the highest paid player on the Rockets
    cause he wins

    These guys are winning

    @Os Trigonum


    I guess @CometsWin believes Chris Clemons should get paid as much as James Harden
     
    #14 tinman, Aug 19, 2020
    pgabriel, waytookrzy079, RayRay10 and 1 other person like this.
  15. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    Anyone who complains in the GARM that Tilman isn't rich enough and we need a non broke owner should never diss any of these dudes.

    @Reeko @Os Trigonum @rocketsjudoka @Ziggy
     
    #15 tinman, Aug 19, 2020
    RayRay10 likes this.
  16. Os Trigonum

    Os Trigonum Member
    Supporting Member

    Joined:
    May 2, 2014
    Messages:
    81,669
    Likes Received:
    122,090
    the Rockets are an extremely inegalitarian corporation and should be illegal.
     
    #16 Os Trigonum, Aug 19, 2020
    tinman and RayRay10 like this.
  17. fchowd0311

    fchowd0311 Member

    Joined:
    Apr 27, 2010
    Messages:
    55,682
    Likes Received:
    43,473
    Is it me or does it seem like whenever someone wants to troll the D&D it's always as a caricature of a right winger? It's as if it's a very easy ideology to make fun of.

    I'm assuming @tinman is doing to Stephen Colbert routine when he was on Comedy Central.
     
    #17 fchowd0311, Aug 19, 2020
    CometsWin likes this.
  18. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    Also, it's a false correlation that the pandemic had something to do with Elon Musk's value going up

    1. they met their production goals
    2. they were profitable
    3. the demand increased world wide
    4. Homeboy sent Astronauts into space
     
    #18 tinman, Aug 19, 2020
    waytookrzy079 and RayRay10 like this.
  19. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    it's only in your mind that you think i'm a certain way

    you know there's a game called poker where if i keep raising my bet you think i have pocket aces

    will i ever tell you i have pocket aces?

    no i just want to watch you fold and I take all the money

    @Ziggy
     
    #19 tinman, Aug 19, 2020
    RayRay10 and fchowd0311 like this.
  20. tinman

    tinman 999999999
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    104,551
    Likes Received:
    47,481
    I understand that you JC Penny employees have strong hatred for the Tesla employee who worked long hours and suddenly became rich off their stock options
    but the blame goes on you for you dropping out of art history class
     
    #20 tinman, Aug 19, 2020
    RayRay10 likes this.
(You must log in or sign up to post here.)
Page 1 of 3

Share This Page