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Wealth needs to be licensed.

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  • Chet Ruminski
    2016-04-24 10:05:44 AM
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    I just watched Charles Koch take out his wallet and pay cash in his own cafeteria. That is a billionaire that can influence world policies that has no sense of the value of his time. There is no creditable source that denies luck plays some part in the making of a billionaire. There should be some authority over having that much unelected power.
  • Schmidt
    2016-04-25 09:34:48 AM
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    Sheesh Chet. What point are you making? What do you mean by "some authority" over the rich having that much unelected power? I also don't see the connection to Charles Koch pulling out his wallet to pay for his meal in a cafeteria. What point are you making? You are all over the place....ranting against the rich.
  • Chet Ruminski
    2016-04-25 09:53:01 AM
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    It is enormous wealth not the rich I am ranting against. Rich people are the result of dedication and hard work. Billionaires are the result of luck. I would establish a line at over which where a person has so much wealth that they don't know what to do with it poses a problem. If you want to be a billionaire and control wealth that can effect policy then act like it. If a person can take significant amounts of money out of the economy then they have a responsibility to maintain the economy. They can still be billionaires and start and own jobs producing enterprises. They do not have a right to benefit from an economy and then abandon it.
  • Dutch
    2016-04-25 10:07:43 AM
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    Chet Ruminski Wrote: It is enormous wealth not the rich I am ranting against. Rich people are the result of dedication and hard work. Billionaires are the result of luck. I would establish a line at over which where a person has so much wealth that they don't know what to do with it poses a problem. If you want to be a billionaire and control wealth that can effect policy then act like it. If a person can take significant amounts of money out of the economy then they have a responsibility to maintain the economy. They can still be billionaires and start and own jobs producing enterprises. They do not have a right to benefit from an economy and then abandon it.
    Chet; the point is, that this is an capitalistic country. So that implies you can make as much as you want, which is not bad. However where the problem comes in, is the system of taxes as well tax evasion which I think is wrong. I saw on TV on how certain billionaires absolutely don't know what to do with their money; so they put for 11 million dollars gold leave inside their ornate houses for instance. Such money should be better spent on housing for the veterans or the poor etc. Some billionaires indeed spent some of their wealth on other things as discussed before on the site. So as long as this country has no sliding tax scale as in Europe (up to 75%) then they waste that money on useless toys, which does not make them happy-er either, because they want more and more because "money" comes way too easy into their pockets, because of their "owned" lawyers who make sure of it. Again, capitalism creates corruption if it is not properly run look at our elections as an example.
  • Schmidt
    2016-04-25 10:10:43 AM
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    Chet --

    So Bill Gates with a net worth of $79 billion is the richest man in America because of luck?

    And Mark Zukerberg whose net worth is estimated at $50 billion is another really lucky guy?

    The really lucky ones are those that win the lotto. Unfortunately some of them squander away their new wealth in a few years.

    Daily Republic: Advice for lottery winners: 70 percent lose it all in 7 years

    I guess for those 70 percent their luck didn't hold. Or maybe the rich took it away from them.

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