On 11/9/2019 9:11 PM, rbowman wrote:
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.Â* 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?Â* There are criminals and unethical people everywhere but
that should not stop the rest of the population from success.Â* 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?

It means my 401k is looking good today. Could turn to crap tomorrow
though.

Even the billionaires are a lot of paper value, not real hard cash. If
there is a walth tax some will have a hard time making the payment.

I'm sure though, the lawyers and accountants are making plans to get
around it all. Suddenly some of the assets will be spun off to trusts
or some other organization that will become the owner of record for the
$20 million house. Maybe some guy in the Cayman Islands will own it.