[Newsbot]

Title: Top 1% taking lion's share of global growth, OECD says
Category: Economics
Posted By: DrCaleb
Date: 2014-04-30 11:32:09
Canadian

[N_Fiddledog]

Earned = taken in CBC-speak.

[bootlegga]

N_Fiddledog N_Fiddledog:

Earned = taken in CBC-speak.

Yep, good thing capitalism these days is built on 'creators' like Mitt Romney who shuffle money around and not real creators like Ford or Edison.

Mitt Romney and his bunch are great at creating...layoffs, bankruptcies and jobs in foreign countries. With patriots like them, the US is certainly headed for a golden age!

/sarcasm

[Public_Domain]

[N_Fiddledog]

bootlegga bootlegga:

N_Fiddledog N_Fiddledog:

Earned = taken in CBC-speak.

Yep, good thing capitalism these days is built on 'creators' like Mitt Romney who shuffle money around and not real creators like Ford or Edison.

Mitt Romney and his bunch are great at creating...layoffs, bankruptcies and jobs in foreign countries. With patriots like them, the US is certainly headed for a golden age!

/sarcasm

I was under the impression Mitt made his fortune helping create a company that put failing businesses on their feet, but if you want to see people who made their fortunes just moving money around you're talking leftlings like George Soros (or for that matter Harry Reid or Nancy Pelosi).

In fact if you want to push this one I'll bother Google and we'll see who the money managers are in the Forbes top twenty, and who they support politically.

I should warn you though, I've already done it. You're not going to like what you see.

[BartSimpson]

[Public_Domain]

[BartSimpson]

Public_Domain Public_Domain:

N_Fiddledog N_Fiddledog:

You're not going to like what you see.

The best part of being a communist is considering both sides to be unrepentant capitalist scheming scumbags,

And the best part of being an unrepentant capitalist scheming scumbag is the thrill of oppressing communists by the mere fact of living better than they do.

Seriously, one of the best reasons to be a capitalist is that capitalists have toilet paper. You folks have to use Pravda.

[Public_Domain]

[bootlegga]

N_Fiddledog N_Fiddledog:

bootlegga bootlegga:

N_Fiddledog N_Fiddledog:

Earned = taken in CBC-speak.

Yep, good thing capitalism these days is built on 'creators' like Mitt Romney who shuffle money around and not real creators like Ford or Edison.

Mitt Romney and his bunch are great at creating...layoffs, bankruptcies and jobs in foreign countries. With patriots like them, the US is certainly headed for a golden age!

/sarcasm

I was under the impression Mitt made his fortune helping create a company that put failing businesses on their feet, but if you want to see people who made their fortunes just moving money around you're talking leftlings like George Soros (or for that matter Harry Reid or Nancy Pelosi).

In fact if you want to push this one I'll bother Google and we'll see who the money managers are in the Forbes top twenty, and who they support politically.

I should warn you though, I've already done it. You're not going to like what you see.

Apparently you've already forgotten the beating R-Money took for the companies Bain took over and then 're-structured' right out of business.

But this isn't about politics, it's about economics.

R-Money was just the first one that came to mind. If George Soros does that too (I honestly don't know how he made his money), then he's just as bad as R-Money - maybe worse because I'm under the impression he is wealthier. I'd probably put Warren Buffet there too, along with anyone else who makes their living charging fees to shift money from one pile to another without actually making anything.

If the US (and by extension the West) want to stay on top of the heap, we need to go back to making stuff ourselves and not buying it from other countries. In case you've fogtten your history, it was the Industrial Revolution (aided of course by the Rennaissance) that pushed tus to the top of the heap. The ability to outbuild everyone else funded an economy that could support a great way of life AND the strongest militaries in the world.

People nowadays have forgotten that you can't have military might without economic strength, despite the fact that the USSR collapsed a mere 20 or so years ago due to its tottering economy. The West being indebted to its largest potential competitor bodes poorly for us.

[N_Fiddledog]

The top 3 richest people in America are Democrats.

Two of them - Bill Gates and Larry Ellison - made their millions as a result of the tech boom. Warren Buffet made his fortune first of all in the stock marker. He's currently described in Wikipedia as "an investor". He's a money manager.

After that on Forbes we come to two Republicans - Charles and David Koch. They made their billions producing energy for America.

Next comes Christy Walton. She's the widow of staunch Republican Sam Walton who built the Wal-Mart franchise.

Followed by more Waltons until we come to Democrat Michael Bloomberg at #10. He first made his fortune managing money as an equity trader for a Wall street investment company.

Wanna guess how Harry Reid and Nancy Pelosi made their fortunes? Hint: little Nancy didn't start by selling lemonade on the corner.

The last time I checked this there were more Democrat money managers. They must be down in the top twenty.

[bootlegga]

N_Fiddledog N_Fiddledog:

The top 3 richest people in America are Democrats.

Two of them - Bill Gates and Larry Ellison - made their millions as a result of the tech boom. Warren Buffet made his fortune first of all in the stock marker. He's currently described in Wikipedia as "an investor". He's a money manager.

After that on Forbes we come to two Republicans - Charles and David Koch. They made their billions producing energy for America.

Next comes Christy Walton. She's the widow of staunch Republican Sam Walton who built the Wal-Mart franchise.

Followed by more Waltons until we come to Democrat Michael Bloomberg at #10. He first made his fortune managing money as an equity trader for a Wall street investment company.

Wanna guess how Harry Reid and Nancy Pelosi made their fortunes? Hint: little Nancy didn't start by selling lemonade on the corner.

The last time I checked this there were more Democrat money managers. They must be down in the top twenty.

Statistics are fun. You choose to highlight the top 20. But if you look at the to the top 10, you've just said 6 of the top 10 are Republicans.

Whatever, this isn't about politics, it's about economics.

How did Bill Gates and Larry Ellison make their fortunes? By making stuff...stuff that vastly changed the world too. We need more people like them and fewer like Buffet and Romney.

As for the rest, I've already said what I think of 'investors'.

[ShepherdsDog]

$1:

We need more people like them and fewer like Buffet

When was the last time you gave away 40+ billion dollars to help the less fortunate?

[andyt]

bootlegga bootlegga:

N_Fiddledog N_Fiddledog:

The top 3 richest people in America are Democrats.

Two of them - Bill Gates and Larry Ellison - made their millions as a result of the tech boom. Warren Buffet made his fortune first of all in the stock marker. He's currently described in Wikipedia as "an investor". He's a money manager.

After that on Forbes we come to two Republicans - Charles and David Koch. They made their billions producing energy for America.

Next comes Christy Walton. She's the widow of staunch Republican Sam Walton who built the Wal-Mart franchise.

Followed by more Waltons until we come to Democrat Michael Bloomberg at #10. He first made his fortune managing money as an equity trader for a Wall street investment company.

Wanna guess how Harry Reid and Nancy Pelosi made their fortunes? Hint: little Nancy didn't start by selling lemonade on the corner.

The last time I checked this there were more Democrat money managers. They must be down in the top twenty.

Statistics are fun. You choose to highlight the top 20. But if you look at the to the top 10, you've just said 6 of the top 10 are Republicans.

Whatever, this isn't about politics, it's about economics.

How did Bill Gates and Larry Ellison make their fortunes? By making stuff...stuff that vastly changed the world too. We need more people like them and fewer like Buffet and Romney.

As for the rest, I've already said what I think of 'investors'.

At the very least, the democrats on that list have come out if favor of raising taxes on themselves so that they at least pay the same rate as a wage earner in the top income bracket.

[bootlegga]

ShepherdsDog ShepherdsDog:

$1:

We need more people like them and fewer like Buffet

When was the last time you gave away 40+ billion dollars to help the less fortunate?

Probably the same time you did...

Gates, who actually made stuff is doing the same thing. I'll agree that Buffet gets points for giving his fortune away, but he still didn't contribute as much as Gates did IMHO.

I simply think our economy would be stronger if it was based on making and selling things, instead of just trading stocks/money back and forth.