Richest 1% own 50 percent of world wealth- Credit Suisse report

B00Mer

Make Canada Great Again
Sep 6, 2008
47,127
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Rent Free in Your Head
www.canadianforums.ca
...and it would confirm you're full of shyte right up the the ears and the rest is toilet paper - assuming you're bright enough to wipe

 

coldstream

on dbl secret probation
Oct 19, 2005
5,160
27
48
Chillliwack, BC
It's time to re-introduce a truly progressive tax system.. most importantly to INCLUDE capital gains at the FULL marginal rate.. beyond a reasonable allowance for personal investment.. say a $1M.. The top marginal rate should be in the neigbourhood of 75% for incomes beyond $1M.

It's time the rich payed their fair share. If national integrated industrial economies were rebuilt.. you'd take out the parasitic financial and trading elements which lay claim the vast per centage of the world's wealth.. while producing nothing of value.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
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A Mouse Once Bit My Sister
It's time to re-introduce a truly progressive tax system.. most importantly to INCLUDE capital gains at the FULL marginal rate.. beyond a reasonable allowance for personal investment.. say a $1M.. The top marginal rate should be in the neigbourhood of 75% for incomes beyond $1M.

You do understand why gvts allow lower rates for Cap Gains, right?

... Something to do with spurring growth and investment in companies that actually employ people

It's time the rich payed their fair share. If national integrated industrial economies were rebuilt.. you'd take out the parasitic financial and trading elements which lay claim the vast per centage of the world's wealth.. while producing nothing of value.

Yeah... That bastard Gates paid a paltry 6 billion in taxes last year.... With any luck, you can gouge him to the point where he'll be a part of the +50% of Americans that don't pay any Fed taxes.

That'll fix everything
 

gore0bsessed

Time Out
Oct 23, 2011
2,414
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Don't even make jokes clown, you do not benefit from this one iota. This is to your detriment, however oblivious you are.
 

Sal

Hall of Fame Member
Sep 29, 2007
17,135
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Yeah... That bastard Gates paid a paltry 6 billion in taxes last year.... With any luck, you can gouge him to the point where he'll be a part of the +50% of Americans that don't pay any Fed taxes.

That'll fix everything
To be fair, I do believe Gates has a moral conscience, is an ethical individual and understands human suffering. He has a desire to remove it...that is a rare combination of assets. He is not your average billionaire.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
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Vernon, B.C.
To be fair, I do believe Gates has a moral conscience, is an ethical individual and understands human suffering. He has a desire to remove it...that is a rare combination of assets. He is not your average billionaire.


Taxing rich people heavily can be a two edged sword- many of them contribute large sums to all kinds of things- Carnegie to libraries for example, also rich people hire a lot of poor people and even pursuing a luxurious lifestyle keep many people employed. You don't want to sh*t on the hand that feeds you! -:)
 

talloola

Hall of Fame Member
Nov 14, 2006
19,576
113
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Vancouver Island
many of the very wealthy made their money from drugs, which sucks from the weakest of our kind, who
get hooked on them.

those people give nothing bAck to society, and are more dangerous than any terrorist, actually they
are drug terrorists.

they are mean, selfish, and don't give a flying you know what about anyone but themselves.
the money is laundered, not distributed throughout society in any suitable manner.

the rest of the rich are a mish mash of the good the bad and the ugly.

just like the poor are the same, as the poor are not all good, some are lazy leeches, some are unlucky,
and some have been taken advantage of by others, some are gamblers, drinkers, criminals, a real mish mash of many
types.

it will never change, as certain types of people strive for money and power, no matter how they get it,
and the rest vary from hard workers, intelligent professionals, and others.

i have never been driven to be rich, or powerful, or run for office, or be an actor, can't sing, so i have
been comfortable to be a middle class stay at home mom, hard worker, honest and satisfied, there are many
like me, so we can't whine and complain about those who strived to climb the ladder of the rich and famous,
as long as they do it in a respectable manner, and many don't.

i have a grandson who has worked harder than most in his golf profession, is now a pro, but still has to
strive And work hard each day, they do not earn anything unless they make the cut, i have lots of respect
for the golfers.

same as hockey players, who strive from little kids, finally make it to the big time, and then get trashed
and called spoiled, because they make lots of money, which is shared by the nhl from huge profits. those
athletes have worked hard all of their young lives to make it, and most don't.
those who trash them want to pay very little to watch them, but don't think of the huge huge profits made by
the owners and the nhl, but would like to see the players make the same as the regular guy on the street,
who works, but no one is interested in paying to watch them work, can't remember the last time i wanted to
to watch plumbers plumb a house. lol

yes, we need those rich owners and nhl executives to supply us with the buildings and the game, and those
rich do contribute to society by supplying entertainment, and paying taxes.
 

MHz

Time Out
Mar 16, 2007
41,030
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Red Deer AB
From drugs? Really?
The infrastructure they needed included building Belgium draft horses up from Shetland like ponies. Lot of spin-off contracts, wagon making, stores and such. The loose white powder goes to the 1% and the sticky white powder goes to the 99%. Then the comedown gives you the shivers so you drag out one of the mink coats, not that you skinned it yourself, not allowed on those kinds of drugs.
 

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
48
Taxing rich people heavily can be a two edged sword- many of them contribute large sums to all kinds of things- Carnegie to libraries for example, also rich people hire a lot of poor people and even pursuing a luxurious lifestyle keep many people employed. You don't want to sh*t on the hand that feeds you! -:)

These people are not just rich, it's way, way more than that. Some of my friends are well off, they own multiple homes, travel lots but they aren't any different than I am they just have more...still they are not rich. Rich people have multi-million dollar homes, drive exquisite cars, their kids go to private schools and live very very nice lifestyles.

Then there are people who live way, way beyond that. Personally I don't know any 1 percenters. They don't hang in my world.