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@metal-brain saidExplain how this wonderful philanthropist keeps getting richer despite giving away so much money. I know how he is doing it. Do you?
Bill Gates is giving away his money, yet he keeps getting wealthier.
Explain how this wonderful philanthropist keeps getting richer despite giving away so much money. I know how he is doing it. Do you?
It's simple math Mr. metal-brain, the foundations accountants calculate the income from their stock and treasury note portfolios, then give away 90% of it, insuring there will always be money to give to needy causes, while at the same time growing the foundation's assets. This is how many charitable foundations operate - except for Mr. Trumps of course, who stole from it in order to pay an artist many $$ to paint portraits of Mr. Trump (among other things) That's why his foundation was shut down by the legal authorities. In addition, Mr. Gates has a personal stock portfolio he acquired from his sales of Microsoft stock over 10 years. This portfolio is also growing in value.
Any other questions?
@athousandyoung saidYes, but there is more to it than that.
He gets paid for being rich and gives away less money than he makes.
He doesn't have to pay capital gains on stock shares he puts in his foundation. Probably no income tax either since it is a charity....well supposedly. He has his foundation give money to vaccine makers (call it charity) and then he profits from the increased stock price with money he didn't have to pay taxes on.
The Rockefellers came up with that scam log ago. Foundations and Trusts were tax shelters so the Rockefellers didn't have to pay them. Taxes were for poor people, not them. They became like kings. Everybody knows kings don't pay taxes, they collect them.
Capitalism leads to fascism. Severe wealth inequality leads to a merging of the state and corporations. That has already happened. The USA is a fascist country now because wealth inequality was allowed to get out of control and we have a corporate state.
Capitalism needed regulation to keep it from turning fascist, but it never happened and that is why we have a corporate run state.
@mchill saidDon't forget the military.
Socialism is the fire department saving your house, the police protecting your community, the government providing disaster relief, deposit insurance, highways and bridges.
Capitalism is the bank who turns down your loan application, the insurance company who turns down your injury claim, the con artist running a Ponzi scheme, and the manufacturers who engage in price go ...[text shortened]... ded medical equipment in a pandemic.
Yet they worship capitalism as if it were something holy. 🙄
@rajk999 saidLike a dunce ringing a bell.
... all of which is financed by rich Capitalist taxpayers.
In a purely socialist country your house will burn down, the police wont have enough resources to protect you, the govt will not help you and highways and bridges will be in a mess.
Thank God for Capitalism.... Socialist get a chance to ride the back of the hard working Capitalists
@rajk999 saidIn Victoria, Australia, we have 2 fire brigades, 1 the MFB ( metropolitan fire brigade ) and the CFA ( country fire association ). The MFB was set up by the insurance companies to protect their assets. Has changed a bit since the start but the CFA was started by volunteers. The MFB ( the capitalist one ) has always been far better resourced.
... all of which is financed by rich Capitalist taxpayers.
In a purely socialist country your house will burn down, the police wont have enough resources to protect you, the govt will not help you and highways and bridges will be in a mess.
Thank God for Capitalism.... Socialist get a chance to ride the back of the hard working Capitalists
@jimmac saidWell of course. Capitalism is the goose that lays the golden egg. Socialism is the predator that wants to eat everything, including the goose. What many fail to remember that when a capitalist becomes rich, that means he has generated many times the value of his riches in production, employment, technological advances and other benefits for society. People only see what the man has, instead of what he has done for society.
In Victoria, Australia, we have 2 fire brigades, 1 the MFB ( metropolitan fire brigade ) and the CFA ( country fire association ). The MFB was set up by the insurance companies to protect their assets. Has changed a bit since the start but the CFA was started by volunteers. The MFB ( the capitalist one ) has always been far better resourced.
@rajk999 saidChild labour, unemployment and violence?
Well of course. Capitalism is the goose that lays the golden egg. Socialism is the predator that wants to eat everything, including the goose. What many fail to remember that when a capitalist becomes rich, that means he has generated many times the value of his riches in production, employment, technological advances and other benefits for society. People only see what the man has, instead of what he has done for society.
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Re: You Tube Posted above by McHill
I viewed this pitiful parasite in earnest. My first takeaway: (after hearing him lend credence to anarchism....Jesus...)
My first takeaway is 'getting rid of the employee/employer relationship". Substitute a democratically-run enterprise. The group all decides what they will all do each day. Right now the owner decides everything. 'He has power that no person should have over other people". Socialists want to get rid of 'the baleful influence of the state'. Mainly, the state inside the workplace. They want to democratize the workplace.... they want the 'state to wither away'. No state?? No owner, no board?
McHill....if I own a pillow factory, can you tell me what would happen in your beautiful world to me and to
my factory, if all of you show up at my front door? I don't want to over-comment on the YouTube article, for fear of having you slither away from this extremely unrealistic illogical state-of-affairs. Can you just comment, like you and I are chatting in a Pub??
@shavixmir saidA good government can co-exist with good capitalism., They are not mutually exclusive. A good and effective government will ensure these things are under control. Socialism is the way to poverty. Capitalism and a strong govt that can provide a good safety net for deserving citizens, is the way.
Child labour, unemployment and violence?
@rajk999 saidSomething that will never happen on the Forum, is that our liberal friends will NEVER comment, sentence for sentence, on such a common sense, logical, rational post as is this one. It is PURE fact, but it makes them chew on their pillows.
Well of course. Capitalism is the goose that lays the golden egg. Socialism is the predator that wants to eat everything, including the goose. What many fail to remember that when a capitalist becomes rich, that means he has generated many times the value of his riches in production, employment, technological advances and other benefits for society. People only see what the man has, instead of what he has done for society.
Simply, a man from Mars, if having to pick one side, would naturally observe the libs as much more dependent, much weaker, than are the conservatives. I hate it, but we have to get it out there!!! An example of what I am saying is about to be exhibited by the response of McHill to my above post.
@averagejoe1 saidYep .. they do not understand what it takes to produce goods and services. Proof of that is that they want to remove the very thing is causes prosperity in a society, and that is the profit motive. When that is reduced to the point where it makes no sense to take the risk of production then that spells the end of prosperity, and eventually society.
Something that will never happen on the Forum, is that our liberal friends will NEVER comment, sentence for sentence, on such a common sense, logical, rational post as is this one. It is PURE fact, but it makes them chew on their pillows.
Simply, a man from Mars, if having to pick one side, would naturally observe the libs as much more dependent, much weaker, than a ...[text shortened]... An example of what I am saying is about to be exhibited by the response of McHill to my above post.
They think that govt should undertake production but they are the most cost-inefficient producers all over the world.
@rajk999 saidThe risk of production! I'd love to see their definition of that!! A lib with his feet on the ground would step up right now and tell us about the concept of risk. But, they won't.
Yep .. they do not understand what it takes to produce goods and services. Proof of that is that they want to remove the very thing is causes prosperity in a society, and that is the profit motive. When that is reduced to the point where it makes no sense to take the risk of production then that spells the end of prosperity, and eventually society.
They think that govt should undertake production but they are the most cost-inefficient producers all over the world.
Could you believe that creature on You Tube? Have you ever even uttered the word anarchy. Yet, it is commonplace in their discussions. Brrrrrrrrrrrr
@rajk999 saidcapitalism is the American dream, the reason people are rushing to get into the US.
Yep .. they do not understand what it takes to produce goods and services. Proof of that is that they want to remove the very thing is causes prosperity in a society, and that is the profit motive. When that is reduced to the point where it makes no sense to take the risk of production then that spells the end of prosperity, and eventually society.
They think that govt should undertake production but they are the most cost-inefficient producers all over the world.
If all else is so good why are people risking their lives to get here?
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@averagejoe1 saidIndeed. The risk of production is very high in some industries. Sometimes you look at one mans success and ignore the 20 before him who tried the same thing, failed, lost everything, the bank repossessed his assets and he ended up a bum on the streets. Trail-blazing economies do not kill that profit motive. If they do that, they in time become second, and third rate economies
The risk of production! I'd love to see their definition of that!! A lib with his feet on the ground would step up right now and tell us about the concept of risk. But, they won't.
Could you believe that creature on You Tube? Have you ever even uttered the word anarchy. Yet, it is commonplace in their discussions. Brrrrrrrrrrrr
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@mchill saidOK, glad to. The philanthropist/businessmen had an idea, be it about goods or services, and with it, filled a need for the populace. Like, a cellphone which does everything except cook your breakfast.
Explain how this wonderful philanthropist keeps getting richer despite giving away so much money. I know how he is doing it. Do you?
So, everyone paid him money, 24/7, even while he was asleep. The more they glommed onto his product, the more money he made. Cool, huh?
How about you invent a cell phone battery that lasts 24/7. I will buy 10 of them from you. You get rich, and then Suzianne and Kev will be chasing your butt down!!! Socialists that they are, they will demand that you give all the employees a piece of your company!!! Hahahahaha. Man, you would jump to our side pretty dam fast! hahah