capitalism
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- NBQ001
Jeff Bezos approaching $200 Billion net worth.
Happy weekend.
- Post $200B net worth you no longer have to wipe your own ass... apparently, so I'm told.shapesalad
- obscene and grotesqueutopian
- It's fine, $200b is such a large value representation for 1 man to hold, that it becomes unspendable when the masses no longer recognise $ as a store of value.shapesalad
- what happens to that money if, god forbid, something happens to him and his heirs?rzu-rzu
- utopian0
U.S. Billionaires Gained $1 Trillion Since The Pandemic Started
American billionaires haven't been just immune to the pandemic, they have been thriving in it, drastically increasing their collective wealth. An analysis by Chuck Collins at the Institute for Policy Studies found that American billionaires have seen their wealth grow by $1 trillion since March of this year - more than 34 percent. That was not the case during the 2008 financial crisis when it took Forbes' 400 richest people three years to recoup their losses from the Great Recession. Collins' findings highlight a wealth gain by a mere 650 individuals that seems obscene at a time when nearly 7 million Americans are at risk of eviction when moratoriums expire at the end of the year.
There are 650 billionaires on the list, out of which 47 are new arrivals with 11 dropping out due to death or financial decline. There were numerous impressive financial gains among notable billionaires on the list with Jeff Bezos growing his fortune by $69.4 billion between March 17 and November 24. The Amazon boss and richest man on the planet is now worth $182.4 billion. The most impressive gain on the list was recorded by Tesla and SpaceX CEO Elon Musk who has seen his fortune experience a meteoric rise. In the above period, his weath surged a whopping 414 percent, climbing from "just" $24.6 billion to $126.2 billion, making him the world's second richest man after Bezos.
Illustrating the gulf in financial inequality in the U.S. today, the analysis states that U.S. billionaires own $4 trillion, 3.5 percent of all privately held wealth in the country. Billionaire wealth is now twice the amount of wealth held by the bottom 50 percent of all American households combined, approximately 160 million people.
- I'm no billionaire, but some of the stocks I trade are up 340% since spring. How the rich get richer, 3x your money by two mouse clicks.shapesalad
- Unfortunately I de-risked and sold too early and missed he majority of the % increase.shapesalad
- Most people do not own stocks. The market doesn't care about 'financial inequalities' or 'fairness'.formed
- If stocks are the only way to get ahead doesn't that tell you the system is broken?i_monk
- and for those that have been around since the dotcom bust, this will destroy plenty of people when we do, inevitably, crashformed
- but sure, I am happy w my stocks and grateful I have them, but most don'tformed
- It’s not like the dotcom era though. Until you can show that it is your assessment is a steaming pile of uninformed shit and should be treated as such.monospaced
- This is more like the 80s when we had strong economic growth and a bear market. It might go down but this is nothing like a bubble.monospaced
- *bullmonospaced
- sted4
- utopian2
Kushner Biz Won $850 Million In U.S.-Backed Loans At Special Terms.
- Does any other hedge fund or company not take advantage of gov mac/mae loansdeathboy
- Kind of need to know more if special interest or just journo special interest click baitdeathboy
- And based on your sources nothing unusual...deathboy
- Perhaps you just don't like gov involved and political interest in typical free market transactions?deathboy
- Maybe u would prefer more laizze faire capitalism?deathboy
- Haha..rhetorical because us never answer but is the truthdeathboy
- You're talking to yourself man.PhanLo
- I know. That's the joke. Utopian just posts prop. Behavior days all paiddeathboy
- imbecile2
- Deathboy still does.utopian
- ... why the fuck would I... Every post I have ever made suggests the opposite... Are u really that dense?deathboy
- It's shit like this that shows how little u understand if what Im saying. But I dont think u care or are concerned at alldeathboy
- Proof is in the puddindeathboy
- He's that densedeathboy
- PhanLo1
- oh there are other ways? who'd have thought.MrT
- They also have speeding tickets which are linked to salary (some % of your last year's salary).drgs
- uh huh. school that is so great with no funding rich people are stoked to send their kids too? or school sucks and rich kids get sent somewhere better?deathboy
- curious if these schools are so awesome other countries trying to pay and send kids to them?deathboy
- if anything capitalism has taught us free is never the real cost of anythingdeathboy
- on the flip though. US ivy leagues are shit as most of higher edu. the product of college is power and proxy expertise by name.deathboy
- seems silly for gov to finance any of them. since that is what has caused the cost in the bubble in the first place. which is all regressivedeathboy
- deathboy0
- when college was still worth going to.deathboy
- You are still trying here trying to peddle this dinosaurs archaic and antiquated ideas. LOLutopian
- well utopian prove him wrong. such antiquated ideas and you still cant state they're wrong? pick one single view point and lets talkdeathboy
- you yourself are skeptic of tesla, as well as you should be. that is not capitalism that is friedman/hayek/mises displaying failure of gov and central banksdeathboy
- providing incentive to mal investment and creating bubbles you cant escape. but if you like keynes or central planning ideas or even goethe you can printdeathboy
- you an print and control m2 and plan for every global and independent gaming scenario. really if that is what you want the markets are probably better leftdeathboy
- halo developers and multi player gaming platforms to constantly update and rebalance. but expect some pissed people when you nerf their assetsdeathboy
- but i do find the a possible reasons ppl ignore the rational ideology is as a freudian death wishdeathboy
- i think more ignorance but is an interesting assumptiondeathboy
- who had friedman, hayek, mises and bonus ball freud in the deathboy sidenote lottery?kingsteven
- ^LolPhanLo
- Only if once could some correct him or refute what he is saying....deathboy
- shapesalad1
The Money GPS, start my day with it:
Suggest you subscribe.
- https://www.reddit.c…sted
- ugh all his movies are about disaster, shock, collapse.sted
- deathboy mathematics in a nutshellutopian
- He videos are just News Aggregate, a Fed press release here, Bloomberg article there. He pieces them together, paints a pretty telling picture.shapesalad
- utopian3
Moderna CEO credits US support for Phase 3 vaccine push, says 'we have to make a profit'
- NBQ00-1
- $13,000,000,000 a day
$541,666,666 an hour
$9,027,777 a minute
$150,462 a secondutopian - The pig makes about or more than our yearly salary in a second.NBQ00
- Capitalism can, does and has been shown to work (blah blah), but the current version of it can get fucked.MrT
- You guys suck at mathnb
- And that's why we're not richNBQ00
- how do we suck at math?utopian
- Also, in that photo Bezos looks like everyones favourite predatory homosexual sex pest and president...Kevin SpaceyMorning_star
- $13,000,000,000 a day
- NBQ000
Johnny Depp left broke after losing $650m movie fortune and wracking up $100m debt: https://www.mirror.co.uk/3am/cel…
- What a fuckstick. How in the world does someone blow nearly 3/4 of a billion dollars in only 5 years?utopian
- https://twitter.com/…Milan
- Let's start a gofundmeomahadesigns
- Pirates of the Caribbean 70 incoming.PhanLo
- utopian2
Capitalism, Coronavirus and Racism all wrapped up into one story, neato!
Rich countries are scrambling to reserve coronavirus vaccine doses, which probably means poorer countries will have to wait.
Rich nations are placing large advance orders for COVID-19 vaccines, which could mean poor countries will be left to wait once a vaccine is found safe and effective in humans.
A handful of vaccine candidates have shown promising results during clinical trials, the most in-demand of which is being developed by the University of Oxford, which has partnered with the pharmaceutical giant AstraZeneca.