GE may move its HQ after Connecticut passed state corporate tax increases.

[Just the facts]

This jusy in - the people we are talking about, the 0.1%, didn't get in that bracket via capitalism. They got there by manipulating the government and exploiting the people. Why is anyone Okay with that?

[Urbanized]

This jusy in - the people we are talking about, the 0.1%, didn't get in that bracket via capitalism. They got there by manipulating the government and exploiting the people. Why is anyone Okay with that?

Really? What a general statement THAT is. I look at this list and see the American dream; a ton of people literally self-made - several of them started businesses in their own friggin garages fercryingoutloud - and some first-generation descendants of the same type of self-made entrepreneurs: The Richest People in America List - Forbes

But anyway, I get it; if someone has lots of money surely they didn't do anything to deserve such good fortune.

[gopokes88]

Really? What a general statement THAT is. I look at this list and see the American dream; a ton of people literally self-made - several of them started businesses in their own friggin garages fercryingoutloud - and some first-generation descendants of the same type of self-made entrepreneurs: The Richest People in America List - Forbes

But anyway, I get it; if someone has lots of money surely they didn't do anything to deserve such good fortune.

900 of the 1300 worlds billionaires were created in the last 20 years. People move up and down in income classes constantly. That's something that is never reported on. People are moving up and down in classes. The recession took out a lot of people and the recovery made a different set of people rise in income.

Sure there is a very very tiny portion of society that will live and die then pass on to their kids a silver spoon, but it's such an insanely small percentage. This notion that the elite stays the elite is a farce.

Billionaire boom may be ending

Jtf is a conservative in name only evidenced by the fact he subscribes to very little of what conservatives believe.

Oh and read an economics book, low inflation is good for an economy. If a currency stagnates and starts to deflate it quickly stops being $20 and starts being a piece of paper with a 2 and a 0 on it.

Something the millienials have embraced that the older generation hasn't is entrepnuership. You used to be able to work for a company your whole life, probably join a union, and be setup with a nice retirement. That's not how it works anymore. The economy has advanced past that. It will never go back without serious pain. We're a technologically advanced global economy now. If you want to go back to those days, go move to Greece. Market forces will inflict unimaginable amounts of pain on economies that try to fight it.

2 ways to win in today's world.
1. Education. Doctor, accountant, IT, engineer, lawyer (although that bubble is bursting).
2. Own something. On every transaction there's a side that makes money and a side that loses money. Whether you start a company, own rent homes or buy stocks, be on the side that makes money off the transaction, don't always be the consumer.

That's it. Those are the ways to do it in a modern economy.

[Just the facts]

Sure there is a very very tiny portion of society that will live and die then pass on to their kids a silver spoon, but it's such an insanely small percentage. This notion that the elite stays the elite is a farce.

That insanely small percentage are the people we are talking about.

[gopokes88]

https://www.aei.org/publication/trac...come-mobility/
That's what I was looking for. This isn't the hunger games. People move up and down frequently.

Jamie dimon is the poster boy for the elite. His grandfather? Greek immigrant.

[zookeeper]

Really? What a general statement THAT is. I look at this list and see the American dream; a ton of people literally self-made - several of them started businesses in their own friggin garages fercryingoutloud - and some first-generation descendants of the same type of self-made entrepreneurs: The Richest People in America List - Forbes

But anyway, I get it; if someone has lots of money surely they didn't do anything to deserve such good fortune.

It's interesting you would support the corporatocracy that these millionaires and billionaires have given us. They manipulate the tax code and pay a far less percentage of taxes than most small businesses. Wall Street over Main Street. Your water taxi business, for example, is not what anybody here has a problem with. Nobody is condemning "success" - we are condemning EXCESS which hurts you and other small businesses right along with everyone else.

[Just the facts]

It's interesting you would support the corporatocracy that these millionaires and billionaires have given us. They manipulate the tax code and pay a far less percentage of taxes than most small businesses. Wall Street over Main Street. Your water taxi business, for example, is not what anybody here has a problem with. Nobody is condemning "success" - we are condemning EXCESS which hurts you and other small businesses right along with everyone else.

For every penny GE benefits from the tax code, the water taxi and every other small business has to make up for it.

[Jim Kyle]

They got there by manipulating the government and exploiting the people.

I think many, if not most, of them got there by skillful selection of grandparents or perhaps great-grandparents -- Hunt, Rockefeller, Morgan, Kennedy, Hutton, and so on come to mind.