How many fuckn " millions" does it really actually.. take to really actually live.. in the "lap of luxury"? Two? Three? Five?... Ten?!?...
Come on, lets be honest here!
It sure as fuckn hell doesn't take 1000 "millions"!!!
And for these "special" few..thats not even enough!
In fact, for most of them..there's never enough..
Hell... Any sane person knows it doesn't even take 100 "millions"...
Or even 10 "millions"...
And these special "gilded" few at the "apex"..
At the "pinnacle"..
Of all mankind.
Are in reality..
Nothing more than sociopaths!
Psychopaths!!
With little or no empathy for their fellow humans!!
For all their smarts..
They truly have no concept, that we're ALL in this together..
We truly are one messed up (fucked up) animal!!!
This is from consumer reports. Count on at least 80% of what's you are expecting. The other 20% is need to pay CEO's big bonuses. Even the organization that guarantees the pensions is in trouble. With state and fed debt at unmanageable levels I wouldn't be counting on that pension to much. Don't say I didn't warn you. I guess if your like Legend and are happy with $3,200 a month instead of $4,000 that you deserve just sit back and leave it up to your government to take care of it. Or get involved.
If you’re counting on a traditional defined-benefit pension, there’s reason to worry that you might not get everything you’ve earned. About 80 percent of the 29,000 private-sector defined-benefit plans insured by the federal Pension Benefit Guaranty Corp. have been underfunded by $740 billion. State and local public employee pensions were recently in a $1 trillion hole.
Instead of beefing up plan assets, many companies have cut benefits. Employers can change their pension rules going forward using a variety of tactics, including tinkering with benefit formulas so that your eventual payout will be reduced, “freezing” the plan to stop further accruals, or terminating an underfunded plan.
“Vested” pension assets—those that legally become your property after a period of time—are generally safe thanks to federal law. But if the plan is terminated, the PBGC, which itself is $26 billion in the red, is required to pay vested benefits only up to a certain amount, which varies by the employee’s age and the year in which the plan is terminated.
Pensions of government workers aren’t covered by the agency but are often protected by state constitutions or laws. Still, 26 states have squeezed benefits for new hires, some other workers, and retirees.
As predicted factless opinion response. What that chart represents is "Trickle Down Economics" and its end results. And then a complete change of subject. Average pension plan in USA is 80% coverage. Government insures them to a fairly high level.
Legend the only people to blame for these high CEO wages is the share holders. If they are stupid enough to allow it they deserve what they get. Again, if I don't buy stocks so it is none of my business what they make. What we should be worried about is the pension plans. Most of them are under water. Although the huge gains recently have helped them out, both private and public pension are in long term trouble. If you have a pension or are going to get one get involved. Research how it's doing and if they are paying CEO's too much pressure who ever runs it to take money out of those companies. Bitching about it will not change anything.
Legend, what Jeff bezos pays his employees is none of my business. It is a private company. It is between him, his share holders and the employees. I always believed employees should be well looked after as they are your biggest asset, I always payed my employees well. If my competitors didn't I got their best employees because they where to greedy. That is how business works. Legend, you need to understand that the only helping hand you are ever going to get is at the end of your arm. It is a tough, mean unfair world out there and it's not going to change. If people like me are taxed too much we leave. I just put a offer on a building out side of my city because our taxes are getting to high. The next county has no business taxes. Perfect example. There is my research.
Everything Gumball and kend gave as examples was fact and you know it, you are becoming more and more unhinged and obsessed with other peoples money every day. Watching you implode is a sad thing. I can't imagine anyone living like that. I wish you well.
Why do you Trolls come on this site and post with no reference absolute falsehoods. Gumball you are a fucking idiot. Do 2 seconds of research. You post this stuff and this is what is killing you, the morbidly rich.
Kend, Do you think that those listed could afford to pay their employees more? Or should they pay as low as they can get away with and keep the money that they cannot possibly spend in a lifetime. They accumulate wealth while the employees barely get by check to check. Greed is a vicious animal. The one with the most at the end does not necessarily win and you cannot take it with you.
So what is it that Gates, Bezos, Buffett, Zuckerberg, and Ellison did to you to make you think you deserve their money. The five wealthiest people in the US, all self made. It just blows my mind to think that anyone would even consider limiting how much wealth a person can accumulate. So would America be a better place if those five packed up their wealth and left the country. Five less horrible billionaires to ruin your country. Of course not so don't over tax them and chase them away just like California and NY are doing and Detroit did.
Most people do not see how the 1% live. Behind secured gates. They travel in private jets. They own several homes. They have property managers that shop for them. They socialize in private clubs. They dine in private clubs.
There IS more than one way to communicate. Quit complaining.
A Point to point benign laser communication. (Yes things will fly in the way of these things so they need to be redundant.) The Internet is redundant too.
However if we are going to judicate things back to begining of time I guess we will all go back to our original places of ansestry and segregation will be complete. Only problem with that is most of us are of mixed races and ansestry.
Could anything be less relevant at this point than asking whether the US billionaire's club is good for the country? That question was appropriate in the 1980s. Everything has changed since then.
Pretending to understand what you are saying, there seems to be a piece (95% per Thom) of tax policy missing. It seems that you are looking at taxation as source of revenue (5%). The pieces consist of the carrot and the stick (I like the the ice cream and the whip).
I would like you to address the interesting number that when Reagan lowered the top tax rate from 78%(?) to 35%(?), the top earners paid 3 times as much in taxes
Just how much of Bezos bank account do jefflisse and Rick Steve feel they personally are entitled to take?
Thank you Thom for the story and for including words from FDR.
I also appreciate Mr. Dodson's contribution in the comments.
Thank you ... I hope this discussion continues to gain traction.
How many fuckn " millions" does it really actually.. take to really actually live.. in the "lap of luxury"? Two? Three? Five?... Ten?!?...
Come on, lets be honest here!
It sure as fuckn hell doesn't take 1000 "millions"!!!
And for these "special" few..thats not even enough!
In fact, for most of them..there's never enough..
Hell... Any sane person knows it doesn't even take 100 "millions"...
Or even 10 "millions"...
And these special "gilded" few at the "apex"..
At the "pinnacle"..
Of all mankind.
Are in reality..
Nothing more than sociopaths!
Psychopaths!!
With little or no empathy for their fellow humans!!
For all their smarts..
They truly have no concept, that we're ALL in this together..
We truly are one messed up (fucked up) animal!!!
This is from consumer reports. Count on at least 80% of what's you are expecting. The other 20% is need to pay CEO's big bonuses. Even the organization that guarantees the pensions is in trouble. With state and fed debt at unmanageable levels I wouldn't be counting on that pension to much. Don't say I didn't warn you. I guess if your like Legend and are happy with $3,200 a month instead of $4,000 that you deserve just sit back and leave it up to your government to take care of it. Or get involved.
If you’re counting on a traditional defined-benefit pension, there’s reason to worry that you might not get everything you’ve earned. About 80 percent of the 29,000 private-sector defined-benefit plans insured by the federal Pension Benefit Guaranty Corp. have been underfunded by $740 billion. State and local public employee pensions were recently in a $1 trillion hole.
Instead of beefing up plan assets, many companies have cut benefits. Employers can change their pension rules going forward using a variety of tactics, including tinkering with benefit formulas so that your eventual payout will be reduced, “freezing” the plan to stop further accruals, or terminating an underfunded plan.
“Vested” pension assets—those that legally become your property after a period of time—are generally safe thanks to federal law. But if the plan is terminated, the PBGC, which itself is $26 billion in the red, is required to pay vested benefits only up to a certain amount, which varies by the employee’s age and the year in which the plan is terminated.
Pensions of government workers aren’t covered by the agency but are often protected by state constitutions or laws. Still, 26 states have squeezed benefits for new hires, some other workers, and retirees.
As predicted factless opinion response. What that chart represents is "Trickle Down Economics" and its end results. And then a complete change of subject. Average pension plan in USA is 80% coverage. Government insures them to a fairly high level.
Legend the only people to blame for these high CEO wages is the share holders. If they are stupid enough to allow it they deserve what they get. Again, if I don't buy stocks so it is none of my business what they make. What we should be worried about is the pension plans. Most of them are under water. Although the huge gains recently have helped them out, both private and public pension are in long term trouble. If you have a pension or are going to get one get involved. Research how it's doing and if they are paying CEO's too much pressure who ever runs it to take money out of those companies. Bitching about it will not change anything.
The peasants have spoken in defense of their King.
One more link for the trolls to ignore. They will reply with factless Foxmerized opinion.
https://www.epi.org/publication/ceo-pay-has-grown-90-times-faster-than-t...
Legend, what Jeff bezos pays his employees is none of my business. It is a private company. It is between him, his share holders and the employees. I always believed employees should be well looked after as they are your biggest asset, I always payed my employees well. If my competitors didn't I got their best employees because they where to greedy. That is how business works. Legend, you need to understand that the only helping hand you are ever going to get is at the end of your arm. It is a tough, mean unfair world out there and it's not going to change. If people like me are taxed too much we leave. I just put a offer on a building out side of my city because our taxes are getting to high. The next county has no business taxes. Perfect example. There is my research.
Rick Steve,
Everything Gumball and kend gave as examples was fact and you know it, you are becoming more and more unhinged and obsessed with other peoples money every day. Watching you implode is a sad thing. I can't imagine anyone living like that. I wish you well.
Why do you Trolls come on this site and post with no reference absolute falsehoods. Gumball you are a fucking idiot. Do 2 seconds of research. You post this stuff and this is what is killing you, the morbidly rich.
http://www.businessinsider.com/jeff-bezos-net-worth-2017-10#bezos-has-mo...
Billionaires get their wealth from the rise in the value of an asset; stock. Not income.
Jeff Bezo's salary is $81,000.
Kend, Do you think that those listed could afford to pay their employees more? Or should they pay as low as they can get away with and keep the money that they cannot possibly spend in a lifetime. They accumulate wealth while the employees barely get by check to check. Greed is a vicious animal. The one with the most at the end does not necessarily win and you cannot take it with you.
"Tax the rich, feed the poor"
"Til there are no rich no more"...
Alvin Lee and Ten Years After.
"I'd Love to Change the World"
Circa: 1971.
So what is it that Gates, Bezos, Buffett, Zuckerberg, and Ellison did to you to make you think you deserve their money. The five wealthiest people in the US, all self made. It just blows my mind to think that anyone would even consider limiting how much wealth a person can accumulate. So would America be a better place if those five packed up their wealth and left the country. Five less horrible billionaires to ruin your country. Of course not so don't over tax them and chase them away just like California and NY are doing and Detroit did.
Most people do not see how the 1% live. Behind secured gates. They travel in private jets. They own several homes. They have property managers that shop for them. They socialize in private clubs. They dine in private clubs.
Confidently expect comment that it can not work or is not feasable
#1 - Of the belief and on the basis that accountant guilds and lobbyists prefer tax to be complex... so thus ensure it remains just so
And, for obvious reasons... self interest
Suggest abolishing all tax with exception of that upon expenditure
With necessary exemption for the like of disabled, retired, unemployed et al
There IS more than one way to communicate. Quit complaining.
A Point to point benign laser communication. (Yes things will fly in the way of these things so they need to be redundant.) The Internet is redundant too.
And improving Li-Fi.
https://www.techworld.com/data/what-is-li-fi-everything-you-need-know-36...
They are the equlivent of yesteryears Pharos. And they like it like that.
They have more money and assets than many countries, if they commit any crimes their money should be confiscated and used for public services.
And the laws should prevent it from being used to lobby or construct in any way laws of the USA.
Some of things Castro does like Free Education and Healthcare Contradicts Republican Core Values.
I don't know Legend,
However if we are going to judicate things back to begining of time I guess we will all go back to our original places of ansestry and segregation will be complete. Only problem with that is most of us are of mixed races and ansestry.
Could anything be less relevant at this point than asking whether the US billionaire's club is good for the country? That question was appropriate in the 1980s. Everything has changed since then.
Pretending to understand what you are saying, there seems to be a piece (95% per Thom) of tax policy missing. It seems that you are looking at taxation as source of revenue (5%). The pieces consist of the carrot and the stick (I like the the ice cream and the whip).
I would like you to address the interesting number that when Reagan lowered the top tax rate from 78%(?) to 35%(?), the top earners paid 3 times as much in taxes
Just out of curiosity what did these white men pay for the land when they moved to South Africa?