Opinion of billionaires (user search)
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  Opinion of billionaires (search mode)
Pages: [1]
Poll
Question: ?
#1
FF
 
#2
HP
 
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Partisan results

Total Voters: 78

Author Topic: Opinion of billionaires  (Read 5560 times)
SATW
SunriseAroundTheWorld
Junior Chimp
*****
Posts: 6,463
United States
« on: February 07, 2017, 02:32:41 PM »

It depends on the billionaire, but voted FF on whole to break the groupthink.
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SATW
SunriseAroundTheWorld
Junior Chimp
*****
Posts: 6,463
United States
« Reply #1 on: February 07, 2017, 06:32:27 PM »

People who hoard billions of dollars - regardless of whether they "earned" their money or not - while the rest of the world starve are undoubtedly horrible people in the literal sense of the term. And no, billionaires do not "provide" jobs. Refer to Comrade Lincoln:

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Being a billionaire means you hold more then a billion dollars worth of assets and investments. If you liquidate all of your assets to give to charity,

A. in the long run, less money(and therefore help) is able to be donated because the billionaire can't make any more,

 B. Yes, billionaires often do create jobs by investing. Stocks, for example, are when businesses sell a "part" of them for the capital they need to expand and hire more people, creating more jobs. Even putting money in a bank gives the bank access to more capital to be able to make more loans; loans that go to things like helping businesses get started or expand(creating jobs)

C. Here are the top 3 income brackets for charitable givings according to this.

Top 3(out of Cool
1. Under $25,000 12.3%
2. $25,000 - $50,000 6.8%
3. Over 2,000,000 5.6%

Billionaires are beaten in average charitable deduction(and thus average charitable giving) by the poorest, who beat out everyone by a huge margin, and people making 25-50 thousand by a narrower amount.

The ranking (with the inference that people making 30,000 are donating 6-10% and the people making 45,000 are donating 3-5%)
1. The poor and struggling
2. The very rich
3. The middle class
4. The kind-of rich
5. The upper middle class

D. The vast majority of people in America give way less then they should. Most of you who voted HP are just as guilty of not giving enough as the people you declare evil.

Pretty solid post, Omega Smiley
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