#millionaire #moneymaker #rich #makemoney #cash #luxurylifestyle #fastcash #entrepreneur #billionaire #money
In America’s Richest Town, $500k a Year Is Now Below Average. Bloomberg’s annual rankings for the “Richest 100 Places” are all located in just 16 states. And Florida is #3 on the list.
Really fucks me up that im gonna see the end of the world cause some billionaire wanted a couple extra bucks
There is something I wanted to address (sorry, but this is going to basically be a novel), mainly to clear it up in my own mind, about the most recent Democratic Party Debate, that Michael Bloomberg, billionaire, bought his way into, and the last few National Elections where the Koch Brothers, also billionaires, founded, and funded the Tea Party that managed to convince the Middle Class, and the Working Poor (a phrase I find obscene) to vote for Tax Cuts for the very, very, very rich. For billionaires. What I want to address is the phrase I have come to hear all over the New Media, and Social Media, and it is the phrase, “Billionaires work hard for their money. Why should Socialists be allowed to take it away from them?” And that got me thinking;…How hard do you have to work, to earn one billion dollars?…Let’s say Michael Bloomberg himself, gives you a job, with a VERY handsome salary. $2000, a day! Michael evens covers your Taxes, so there you are, $2000, a day going into your Savings Account. There are a couple of downsides. No Weekends off, no vacation days. 7 days a week, 365 days a year. But that’s not really a problem, is it? You are going to be a Billionaire, soon! Even more generously you only have to work 8 hours a day…so, mornings, and evenings with your partner,and you won’t miss too many of little Ellen’s Soccer Matches, or Robbie’s Piano Recitals; so, just how quickly do you become a Billionaire? $2000, your first day. $14,000, your first week. $728,000, your first year. Holy hell, $728,000, a year! That’s damn close to a million dollars, right there, and it’s all yours! Except…$1000,000,000 divided by $2000, a day…500,000 days. But that’s doable, isn’t it? There are 365 days in a year. That shouldn’t take long. Just a few years? Ten, at the most?……1370 years……1000…300…, and 70 years……That’s how long it would take, earning $2000, a day. 1370 years. And Michael Bloomberg would still be 64 times richer than you. 600 people in America would still be richer than you. 2100 across the World would still be richer than you. 1370 years, working every…single…day.
Many Americans are hyper-concerned about the negative effects that Socialism could have on our economy
If Socialism is undertaken within a functioning system Democracy and the Democracy is left intact, the people can self-correct if things go wrong
As long as authority is not assigned in such a way that undermines the ability of the Democratic system to function, dangerous or ineffective social programs can be undone and recuperative measures can be taken if necessary
Grossly unequal wealth accumulation, on the other hand, cannot be undone, and it also undermines systems of Democracy
Once wealth is assigned and accumulated to the level that significant mobility is gained, such as the mobility to switch assets into different forms and move money or other assets into various jurisdictions to evade authority, that wealth cannot be taken back
Free market theory describes no mechanism which can correct this problem, at least not on any practical timescale
This is one vastly understated reason why the accumulation of wealth in the hands of a small minority of people is so problematic
Unlike a Democratically instituted social program, the accumulation of wealth at such large scales such that it becomes out of the reach of the people cannot be corrected
Another solid video that brings chaos into understanding!
In the debate Bloomberg attacked Sanders for being a millionaire in response to Sanders criticizing him for being a billionaire. That smear only works because many people don’t understand the difference between a million and a billion. So here’s a visual representation of their respective wealth.