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15 hours ago, uncle bernard said:

Classic bad faith argument by taking the exception and acting like it's the rule. As someone who works at a university, the overwhelming majority of professors make below 100k and staff (i.e. me) far less.

Would love to see you bring this same energy about billionaires hoarding more wealth than they could spend in a 1000 lifetimes while people live out on the streets.

Those billionaires are not "hoarding wealth" as you call it. There are only so many things they can do with capital. 

1. Re invest it. This employs people. 

2. Pay taxes. This redistributes it to other people.

3. Put it in the bank. This causes the bank to lend it out to other people who put it to good use buying homes, automobiles, starting busionesses which employ people, and using it to pay for things like college tuition. 

4. Give it away. 

Billionaires could also theoretically put it under a mattress but I doubt any of them do so. 

In the end, the Federal Gov't. levies a death tax which currently stands at 40 percent after an exclusion amount. State governments also levy "inheritance taxes" or "estate taxes". The combined numbers can get pretty high. Here is how it works in New York.

https://smartasset.com/estate-planning/new-york-estate-tax

Here is the bottom line for me. I don't know any billionaires. Not personally, anyway. But I don't want to discourage success because it is bad policy. I want more success because it leads to more jobs, more growth, more innovation. Less success gets less of everything else a society wants and needs. 

 

 

15 hours ago, uncle bernard said:

Have you considered that this would actually be good for the economy and good policy? I didn't see you complaining when Trump cut taxes on high earners and corporations, adding to the deficit, but the idea of helping out normal people who are struggling is asking too much of the "tax payers?"

Y'all are going to do an awful lot of whining when you finally realize that the reason birth rates are falling is because so many of my generation can't afford to start families even if they wanted to.

See my comment about good policy above. 

The economy under the man you hate created the lowest unemployment rates across the board, the lowest poverty rate since we started keeping track of this stat in 1959, and the highest median income on record. I expect this last number to be eclipsed if only because of the seemingly never ending money supply. 

And your comment about birth rates is funny. Birth rates have fallen all over the world for decades. From 1950 to 1978 in the US they fell from 24.87 per 1000 people to 14.76 per 1000 people. In the 43 years from 1978 thru 2021 they fell to 12 births for each 1000 people. So prior generations, we can call this the not your generation, saw a drop of more than 10 births for each 1000 people over 28 years. In more recent times that drop has been only 2.76 births per 1000 people.

https://www.macrotrends.net/countries/USA/united-states/birth-rate

Also, the places with the highest birth rates I am confident I can illustrate many of those peoples earn far less than you do. For example, Venezuela has a current birth rate of about 17.5 births per thousand and that is occurring despite incredible turmoil there. Venezuelans would love to be in your economic position right now. If you are not starting a family that is a choice of yours, but others facing much more difficult circumstances than you are starting families.  

Edited by TBar1977

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2 hours ago, TBar1977 said:

Those billionaires are not "hoarding wealth" as you call it. There are only so many things they can do with capital.

Lol so many people think billionaires are real world scrooge mcducks.  Saying “those billionaires” is like saying “those people with short hair,” or “those people who wear sandles on Tuesdays.”  Trying to classify people based on bank accounts is a narrow-minded practice at best.

Lots of times the make their billions from a lot of well-timed hard work and luck, sometimes it’s a result of generations of work within a family.  The notion of billionaires is so difficult for so many because based on prevailing American values, we are taught, branded, practically hypnotized to only evaluate our surroundings based on money; how much we have vs how much others have.  

We love competition and we love winning, and on that metric it feels like billionaire’s are just kicking the world’s ass, the Tom Bradys, Alexander Karelins and Jon Smiths of the money world.

This is neither correct, wholistic nor complete, but it is definitely a thing for many people. 

People don’t like that, and would rather blame someone else than say “hey, if our government really felt like it they could fix most of my worries/problems with a snap of their fingers.” The aggregated US budget for international efforts is insane, comparative domestic reinvestment is practically nil comparatively.  

The US is one of the few countries in the world that doesn’t place the well-being of its living breathing citizens above other priorities.  Corporate citizenry is another matter entirely. The almighty dollar does make the world turn here.

 

 

Edited by Drew87

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27 minutes ago, Drew87 said:

Lol so many people think billionaires are real world scrooge mcducks.  Lots of times its a lot of well-timed hard work and luck, sometimes its a result of generations of work within a family.  The notion of billionaire’s is so difficult for so many because based on prevailing american values, we are taught, branded, practically hypnotized to only evaluate our surroundings based on money, how much we have vs how much others have.  We love competition and we love winning, and on that metric it feels like billionaire’s are just kicking the world’s ass, the Tom Bradys, Alexander Karelins and Jon Smiths of the money world.

This is neither correct, wholistic nor complete, but it is definitely a thing for many people. 

 

It is the politics of envy. If these people thought about the issue realistically they'd realize that the money owned by billionaires will eventually be redistributed thru out the economy one way or the other regardless of any and all attempts to stop it on the part of the billionaires themselves. 

Look at the families with the most wealth 200 years ago. They were for the most part not the families with the most wealth 100 years ago, which in turn are not the families with the most wealth today. The people that make all the great decisions/innovations that lead to wealth in the first place die off and their heirs, for the most part, are not nearly as efficient with capital. They mostly tend to consume the wealth. In any case governments tax most of the wealth one way or the other, so it mainly comes back into circulation. It just takes some time. Sure we can all name a few families that are better at passing along multi generational wealth, but even those dynasties will one day end. In the meantime, their wealth will in turn enrich others in far greater numbers than government ever will. 

If government, as in any government, were better at wealth creation than free markets then every communist/heavily socialist country on earth would be rich. But they aren't, and people flee those countries in large numbers to come here to the USA. This too will end if we go down the same policy paths those other countries went down. As Winston Churchill once said in a 1948 speech to the House of Commons "Those who fail to learn from history are condemned to repeat it". 

Edited by TBar1977

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3 hours ago, TBar1977 said:

Those billionaires are not "hoarding wealth" as you call it. There are only so many things they can do with capital. 

1. Re invest it. This employs people. 

2. Pay taxes. This redistributes it to other people.

3. Put it in the bank. This causes the bank to lend it out to other people who put it to good use buying homes, automobiles, starting busionesses which employ people, and using it to pay for things like college tuition. 

4. Give it away. 

Billionaires could also theoretically put it under a mattress but I doubt any of them do so. 

 

 Yeah that mattress thing prob not gonna work, no one has a mattress that big.  But you forgot one:

5.  Throw it away  ... you know dump into crypto or some other stupid idea.

But also should note that 1,000 millionaires are as bad as a billionaire (do the math) we really should do something about them millionaires!  ;_;

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21 minutes ago, ionel said:

 Yeah that mattress thing prob not gonna work, no one has a mattress that big.  But you forgot one:

5.  Throw it away  ... you know dump into crypto or some other stupid idea.

But also should note that 1,000 millionaires are as bad as a billionaire (do the math) we really should do something about them millionaires!  ;_;

You know who has a ton of millionaires? An entire population of them? That same Venezuela I spoke about above. Everyone is a millionaire there in local currency because they make millions per pay period. Unfortunately, that money barely buys enough food to keep from starving. Here is a picture of a 20,000 Bolivar Note. This is the kind of thing you are forced into by a decade of disastrous central planning/social engineering. 

RealBanknotes.com > Venezuela p86a: 20000 Bolivares from 2001

 

Can you imagine the US needing to print $20,000 bills? Not yet. Hopefully not anytime soon.  

Seriously though, I get your point. Chop one group down and move on to the next until there is no one left to take it from. Sounds like Cuba. 

Edited by TBar1977

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15 minutes ago, TBar1977 said:

You know who has a ton of millionaires? An entire population of them? That same Venezuela I spoke about above. Everyone is a millionaire there in local currency because they make millions per pay period. Unfortunately, that money barely buys enough food to keep from starving. Here is a picture of a 20,000 Bolivar Note. This is the kind of thing you are forced into by a decade of disastrous central planning/social engineering. 

RealBanknotes.com > Venezuela p86a: 20000 Bolivares from 2001

 

Can you imagine the US needing to print $20,000 bills? Not yet. Hopefully not anytime soon.  

Seriously though, I get your point. Chop one group down and move on to the next until there is no one left to take it from. Sounds like Cuba. 

Good news, if the US gets to the point of printing million $ notes then you might be able to hide a billion $ under you mattresses in a ten bedroom house.  :) 

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125: 

133: Austin Gomez

141: Kyle Parco

149: Jaden Abas

157: Jared Verkleeren

165: Evan Wick

174: Shane Griffith

184: Max Dean

197: Greg Bulsak

285: Seth Nevills

 

Couldn't think of anyone notable for 125 but otherwise the lineup of this years transfers would be pretty impressive 

Edited by flyingcement

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13 minutes ago, flyingcement said:

125: 

133: Austin Gomez

141: Kyle Parco

149: Jaden Abas

157: Jared Verkleeren

165: Evan Wick

174: Shane Griffith

184: Max Dean

197: Greg Bulsak

285: Seth Nevills

 

Couldn't think of anyone notable for 125 but otherwise the lineup of this years transfers would be pretty impressive 

Austin Gomez at 133!?  How is that possible?

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21 minutes ago, flyingcement said:

125: 

133: Austin Gomez

141: Kyle Parco

149: Jaden Abas

157: Jared Verkleeren

165: Evan Wick

174: Shane Griffith

184: Max Dean

197: Greg Bulsak

285: Seth Nevills

 

Couldn't think of anyone notable for 125 but otherwise the lineup of this years transfers would be pretty impressive 

Parco transferred to UVU...then to ASU.  That is a pretty impressive lineup. 

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20 hours ago, uncle bernard said:

 

Y'all are going to do an awful lot of whining when you finally realize that the reason birth rates are falling is because so many of my generation can't afford to start families even if they wanted to.

and this is a bad thing? lol

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2 hours ago, flyingcement said:

125: 

133: Austin Gomez

141: Kyle Parco

149: Jaden Abas

157: Jared Verkleeren

165: Evan Wick

174: Shane Griffith

184: Max Dean

197: Greg Bulsak

285: Seth Nevills

 

Couldn't think of anyone notable for 125 but otherwise the lineup of this years transfers would be pretty impressive 

Prata for 125

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15 minutes ago, Billyhoyle said:

I wonder if Beard will enter soon. Could be a very good pickup for somebody. 

I think he'll stick around. Dean isn't beating Brooks at 184 and he isn't particularly tall/large for 197. In my opinion, Dean beating Beard isn't a sure thing. And, Beard has four more years. Even if he loses a starting spot to Dean this year, he could very well get it back and be the starter for three more years at PSU. 

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1 hour ago, Le duke said:

I think he'll stick around. Dean isn't beating Brooks at 184 and he isn't particularly tall/large for 197. In my opinion, Dean beating Beard isn't a sure thing. And, Beard has four more years. Even if he loses a starting spot to Dean this year, he could very well get it back and be the starter for three more years at PSU. 

@flyingcement posted in the other thread that Beard might need surgery and could be out next season (per Mineo)

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6 hours ago, flyingcement said:

125: 

133: Austin Gomez

141: Kyle Parco

149: Jaden Abas

157: Jared Verkleeren

165: Evan Wick

174: Shane Griffith

184: Max Dean

197: Greg Bulsak

285: Seth Nevills

 

Couldn't think of anyone notable for 125 but otherwise the lineup of this years transfers would be pretty impressive 

I legitimately thought you were just writing out the Penn State Lineup for next year for a second...bc Nico has been their only successful 125 guy. 

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31 minutes ago, grappler6 said:

174 Jared Krattiger from Wisconsin to Minnesota.


Sent from my iPhone using Tapatalk

Is bono or reader leaving? Wisconsin starting to sound a bit like a sieve.

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