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rbowman rbowman is offline
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Default Does anyone really need to be a billionaire?

On 11/09/2019 01:14 PM, Ed Pawlowski wrote:
On 11/9/2019 2:04 PM, rbowman wrote:
On 11/09/2019 07:05 AM, Ed Pawlowski wrote:
It takes a lot of work to become a billionaire and along the way most
have created jobs, invested in the start up of other companies and kept
the economy in good shape. Nothing is stopping you and I from doing the
same if we have the ability and courage to do so.


Some have, and some have destroyed jobs in the US by moving
manufacturing plants and outsourcing jobs. Do you think those that got
rich in the shaky financial manipulations that almost brought down the
economy were beneficial? Do you think wealthy patent trolls are a good
thing?


Your point? There are criminals and unethical people everywhere but
that should not stop the rest of the population from success. Take away
the billions and they would still be nast.


So have 'most' created jobs and kept the economy in good shape? What
were they doing when the Fed had to bail out Wall Street? That is as
accurate as saying most Irishmen are drunks.

At one point, maybe in the last century, I would agree with you. However
currently the money is in the FIRE sector, most of which is unproductive
churning. The DOW sets new record; what does that mean?