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Should Billionaires Exist?

Discussion in 'BBS Hangout: Debate & Discussion' started by rocketsjudoka, Feb 21, 2020.

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Should Billionaires Exist?

  1. Yes

    45 vote(s)
    69.2%

  2. No

    16 vote(s)
    24.6%

  3. Undecided

    4 vote(s)
    6.2%
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  1. rocketsjudoka

    rocketsjudoka Member

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    Except you're still ignoring that he has done more to reign in Wall Street than any other President and probably any other politician in decades. Yes he took a lot of money yet he still did several things that were not in Wall Street's interest. I also think you're continuing to downplay the challenges Obama faced. Remember he only had a 60 seat majority in the Senate for a short time as Kennedy left office not long after Obama was inaugurated.

    By most historical measures Obama was remarkably successful in his first term. It seems like in very liberal and very conservative circles where Obama is considered to be a failure.
     
    #161 rocketsjudoka, Mar 9, 2020
  2. Major

    Major Member

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    Stupid billionaires.

     
    #162 Major, Mar 11, 2020
  3. Os Trigonum

    Os Trigonum Okogie Only Fan
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    #163 Os Trigonum, Jan 14, 2026 at 5:42 AM
    tinman likes this.
  4. tinman

    tinman 999999999
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    #164 tinman, Jan 14, 2026 at 6:00 AM
    CrixusTheUndefeatedGaul and RB713 like this.
  5. rimrocker

    rimrocker Member

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    Every billionaire is a policy failure. At the very least, there should be a limit. Say, twice what the most expensive NFL team is worth. That would cap things at $30 billion. Still an amount of money unfathomable to most and enough to corrupt many institutions and fund a lot of candidates and think tanks.
     
    #165 rimrocker, Jan 14, 2026 at 8:30 AM
  6. glynch

    glynch Member

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    You provide good reasons why $30 billion is too much. Probably around $1 billion. Of course they should be greatly limited in their ability buy. politicians, think tanks, unlimited money allowing them to monopolize media etc. Oligarchy sucks! Even little MAGA realize this in a twisted sort of way as they blame immigrants and other scapegoats and put their hopes in their Lord and Savior Donald Trump.

    Radical? Not really. All this existed in the golden age for the American middle class, with cheap college, subsidized student loans, a $26/hr minimum wage in today's money, pensions etc.
     
    #166 glynch, Jan 14, 2026 at 9:28 AM
  7. tinman

    tinman 999999999
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    @CrixusTheUndefeatedGaul
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    @Os Trigonum

    jealous lazy communists bums who failed economics and math and PE
    Don’t like people who are successful

    you throw up like 4 airballs and you get mad that Reed Shepard is white and gets millions

    you mad that MJ made thriller while you can’t even moon walk
     
    #167 tinman, Jan 14, 2026 at 9:41 AM
  8. K9Texan

    K9Texan Member
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    Do you believe that the government should put a cap on the ability of a citizen to succeed?
     
    #168 K9Texan, Jan 14, 2026 at 9:50 AM
  9. The Captain

    The Captain ...and I'm all out of bubblegum

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    As long as income tax scales appropriately, I don't see why not. Tell me why this isn't the case.
     
    #169 The Captain, Jan 14, 2026 at 9:51 AM
  10. K9Texan

    K9Texan Member
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    I don't believe that the Affordable Care Act was a success. Healthcare costs have increased dramatically since its inception. It's true that some have benefited, but it's been a disaster for most.
     
    #170 K9Texan, Jan 14, 2026 at 9:53 AM
  11. Kemahkeith

    Kemahkeith Member
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    I'm pretty sure I heard on the news this morning while brewing my coffee that California was going to set up an extra tax on billionaires. I don't have any information on it, but someone not at work might want to look it up for us. I believe I heard it will be a onetime 5% tax on total assets.
     
    #171 Kemahkeith, Jan 14, 2026 at 10:10 AM
  12. K9Texan

    K9Texan Member
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    Apparently Newsom wants billionaires in California, or at least their money.

     
    #172 K9Texan, Jan 14, 2026 at 3:19 PM
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