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Topic: Academic discussion (we'll try) of politics shift away from center

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FearlessF

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #126 on: February 25, 2025, 09:39:56 PM »
some would rather wave chainsaws and save the $$$
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."


FearlessF

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #128 on: February 26, 2025, 08:42:13 AM »
exclusive?
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #129 on: February 26, 2025, 09:06:40 AM »


U RAH RAH! WIS CON SIN!

Mdot21

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #130 on: February 26, 2025, 09:17:44 AM »
They spend more on that than they do taxes, so....
Elon Musk paid $11 billion in federal income taxes to the US government in 2021 alone. which is more than everyone on here combined will pay in their entire lives. 

they pay taxes when they produce income. they don't have to produce income. you do understand the vast majority of the wealth of these billionaires are stock holdings- not actual cold hard cash, right? how would you suggest to tax unrealized gains of their stock holdings? and if their stock shares crash will the federal government refund them money next year? 

MikeDeTiger

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #131 on: February 26, 2025, 09:51:38 AM »






Da hell? 

It was just a couple years ago, I think, Musk and Bezos were in the $120B range, at least according to whatever source I found when I looked it up.  Actually, Bezos was on top, Musk was #2.  Shortly after Musk had moved into #1, but they were both still showing substantially less.  Has Amazon increased in value that much in just 2-3 years?  Or does the price of a set number of stock shares say something about inflation over the last ~3 years?

It's really weird to see Bill Gates that far down the list.  He was on top for so long. 

FearlessF

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #132 on: February 26, 2025, 09:53:44 AM »
Elon is worth about as much as the NFL
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #133 on: February 26, 2025, 09:56:47 AM »
Amazon was at $85 at the start of 2023 (a nadir) and now is at $215.  These folks of course don't have all their wealth in just the one stock.  Space X for example has value Musk as Tesla has dropped pretty hard of late (under a trillion now in market cap).  Space X is not publically traded.




Cincydawg

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #134 on: February 26, 2025, 09:57:22 AM »
Bill Gates got divorced where he lost about half and has been donating a lot of money otherwise.

Mdot21

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #135 on: February 26, 2025, 10:01:05 AM »


Da hell? 

It was just a couple years ago, I think, Musk and Bezos were in the $120B range, at least according to whatever source I found when I looked it up.  Actually, Bezos was on top, Musk was #2.  Shortly after Musk had moved into #1, but they were both still showing substantially less.  Has Amazon increased in value that much in just 2-3 years?  Or does the price of a set number of stock shares say something about inflation over the last ~3 years?

It's really weird to see Bill Gates that far down the list.  He was on top for so long.
it's called forced COVID lockdowns and money printing. thanks big government! 

Musk's net worth is ludicrous- Tesla is the single most over valued company on the stock market- there is zero reason it should have a $1 trillion market cap. 

Gates doesn't hold as much Microsoft as he once used to- he has been strategically selling off Microsoft stock for the last 30 years and has also donated much of his stock holdings not for profit foundations. #charity. And he hasn't been the CEO or high level exec at Microsoft getting fat stock compensation or stock options for what seems like decades.

Cincydawg

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #136 on: February 26, 2025, 10:05:17 AM »
The compensation for "high level execs" is generally not enough by itself to get into the billionaire club.  It can hit $50 million or more of course in good years, so over 20 years or so you could get there if you save and don't spend.  A CEO usually isn't around 20 years.  They tend to fall into the mere $100 million club.

The billionaire wealth comes from inheritance or owning a large part of a company that goes huge.

I don't know of a billionaire who got there on compensation alone.  There could be one or two.


MikeDeTiger

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #137 on: February 26, 2025, 10:22:34 AM »
Hence, my earlier point about people thinking billionaires are Scrooge McDuck reveling in his giant vault of gold coins, when what they really have is assets.  

CEO-type millionaires, otoh, may have a proverbial vault of gold coins, or actual millions in the bank.  

Mdot21

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #138 on: February 26, 2025, 10:25:55 AM »
The compensation for "high level execs" is generally not enough by itself to get into the billionaire club.  It can hit $50 million or more of course in good years, so over 20 years or so you could get there if you save and don't spend.  A CEO usually isn't around 20 years.  They tend to fall into the mere $100 million club.

The billionaire wealth comes from inheritance or owning a large part of a company that goes huge.

I don't know of a billionaire who got there on compensation alone.  There could be one or two.
Jamie Dimon says hi. There are a couple of people at NVIDA- one I actually know- who have made hundreds of millions of dollars just from stock compensation. Fun fact- 76% of NVIDIA's employees have net worths (because of stock compensation) in excess of $1 million and over one third of NVIDIA employees have net worths in excess of $20 million- you guessed it- from stock compensation.

ANYWAY, regardless of that- what I was talking about OBVIOUSLY relates to Bill Gates as he founded Microsoft and was it's largest single shareholder and CEO for a very long time and 99.9% of his wealth came from it blowing up. If Gates had not gotten divorced as you mentioned- was still running the company- not selling off or donating his stock for the last 30 years- and still getting stock options like Musk has been getting at Tesla- my guess here without looking at the actual #'s - he'd be dubbed the "the richest person in the world" like Elon is. Microsoft stock has BLOWN up in the last 10 years alone- went from a $400 billion market cap to $3 trillion. Billy boy would be worth insane amounts of money if he was still running the company, holding all his Microsoft stock and getting awarded options like Elon is at Tesla.

Reality is no one in America is the richest person in the world. The gulf state dictators who we kiss ass too have more cash than anyone in the world. Saudi Aramco is the most profitable company in the entire world. When you have enough cash on hand to buy a fake Da Vinci painting for $350 million to put it on your $700 million mega yacht- well.....yeah.

jgvol

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #139 on: February 26, 2025, 10:28:15 AM »
Walmart money is good.  Real good.

 

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