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Like I've been saying
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Like I've been saying


Jun 3, 2020, 11:57 PM

The concentration of wealth in this country will undo us.

"Yet over a span of three weeks in March and April—right as hospitalizations and deaths were climbing sharply in the U.S.—the country’s billionaires managed to increase their combined net worth by about 10 percent. According to a report from the Institute for Policy Studies, during the same period that more than 22 million people lost jobs, the wealth of America’s billionaires rose by an astonishing $282 billion."

https://newrepublic.com/article/157634/billionaires-eating-economy
Billionaires Are Eating the Economy
As millions brace for the coming recession, the wealthiest people in the world are only getting richer. That’s a crisis of another kind.


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That's misleading since it cuts out drops in Feb/Mar


Jun 4, 2020, 12:41 AM

For example, my 401k is still down from the peak even though it has a big % increase the past two months.

Bezos breaks the trend.

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You'd sleep a lot better worrying about yourself and not


Jun 4, 2020, 5:54 AM

Them. Also helps that they don't HAVE whatever their stock holdings are valued at. There is no way any of the megarich can ever see the true value of their "wealth". It is impossible for Bezos to liquidate his stock at market value. Can't be done. He has a company. Employees. Provides a service. That is the extent of his wealth. Their profits are his wealth not their market cap.

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Re: Like I've been saying


Jun 4, 2020, 6:49 AM

Felix, You're understanding of the market and wealth in general is sadly lacking. Is there anything that you're good at besides making a fool of yourself? Your desperation is palpable. And very entertaining.

Have you consulted your partner re the debate? I will even pay you to show up. What would be fair in your mind?

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Envy is not becoming.


Jun 4, 2020, 8:23 AM

While you are decry greed of the wealthy how about you recongnize the greed of those looting throughout the last week.

2024 orange level memberbadge-donor-10yr.jpgringofhonor-clemsontiger1988-110.jpg flag link military_tech thumb_downthumb_up

Haven't read the anything in here yet but ITT


Jun 4, 2020, 8:26 AM

you'll have posters who struggled their entire life to finally be stock market "secure" (as if that's a thing) right there at retirement defending a man who in a few short years has amassed a wealth so large his great grandkids couldn't spend it all.

But you know... capitalism

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I like your funny words magic man


Re: Like I've been saying


Jun 4, 2020, 8:26 AM

Feelix preaching from his beach house lol

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