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#1 Feb 24 2014 at 9:18 AM Rating: Good
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Five tycoons who want to close the wealth gap

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These advocates point to notions of fairness and admit to twinges of guilt, but the core concern driving all of them — left, right and libertarian — is a belief that the economy doesn’t function efficiently when the wealth gap is wide. They are proposing solutions that range from pressuring fellow entrepreneurs to pay workers more to simply giving their money back to the government to redistribute.


I find it a bit disturbing, albeit ineffective, that the ultra-rich are having to spearhead reform to close the income gap.

What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?

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#2 Feb 24 2014 at 9:47 AM Rating: Excellent
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Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.
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#3 Feb 24 2014 at 10:41 AM Rating: Good
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Elinda wrote:
What I don't understand is why they make no difference.
Saying you feel guilty is cheaper than doing anything about it, and it's still pretty good PR for them.
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#4 Feb 24 2014 at 11:25 AM Rating: Good
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What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?

They don't have enough to drive policy, because they control a tiny, infinitesimal fraction of wealth controlled by the very rich, It's as if 10 plantation owners in 1835 decided slavery was a bad idea. Could they have forced blanket emancipation?

The only reason this story gets any publicity is the amazing ******* novelty of anyone with a large amount of wealth even acknowledging the existence of an issue with them having built their lives on the corpses of the poor.

Edited, Feb 24th 2014 12:26pm by Smasharoo
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#5 Feb 24 2014 at 11:26 AM Rating: Excellent
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The ones who are guilty are not necessarily the ones who are paying low wages to begin with.I don't see the Walton family member on that list.

But I do like what I read from that Unz guy. Unfortunately, he seems to be too smart for the current Republican party which is why no one is listening to him.
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#6 Feb 24 2014 at 11:35 AM Rating: Decent
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But I do like what I read from that Unz guy. Unfortunately, he seems to be too smart for the current Republican party which is why no one is listening to him.

He's an idiot with a PR team. Almost everything in his bio is basically a ludicrous exaggeration at best, and frequently just a blatant lie.
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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#7 Feb 24 2014 at 11:49 AM Rating: Good
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Whew, I thought I might have to try and effect political change myself, but it seems as though the rich have our backs as always. Good one, chaps!

Time to sit back and watch the world improve.
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#8 Feb 24 2014 at 12:19 PM Rating: Good
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Kavekk wrote:

Time to sit back and watch the world improve.
DIY, mister.


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#9 Feb 24 2014 at 2:20 PM Rating: Good
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Smasharoo wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?

They don't have enough to drive policy, because they control a tiny, infinitesimal fraction of wealth controlled by the very rich, It's as if 10 plantation owners in 1835 decided slavery was a bad idea. Could they have forced blanket emancipation?

I bet if they declared themselves as corporations they'd have more sway.
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#10 Feb 24 2014 at 2:28 PM Rating: Good
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His Excellency Aethien wrote:
Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.


Sounds about right. Simpsons are not typically an appropriate quote but here it rings true:

"I want to give something back; not money, but something."
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#11 Feb 24 2014 at 8:27 PM Rating: Good
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angrymnk wrote:
His Excellency Aethien wrote:
Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.


Sounds about right. Simpsons are not typically an appropriate quote but here it rings true:

"I want to give something back; not money, but something."


Buffet gave roughly 30 Bn.USD in 2006. Being cynical is fine, but knee-jerk cynicism is knee-jerk ignorance.
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#12 Feb 24 2014 at 8:38 PM Rating: Default
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Timelordwho wrote:
angrymnk wrote:
His Excellency Aethien wrote:
Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.


Sounds about right. Simpsons are not typically an appropriate quote but here it rings true:

"I want to give something back; not money, but something."


Buffet gave roughly 30 Bn.USD in 2006. Being cynical is fine, but knee-jerk cynicism is knee-jerk ignorance.


Are you bring cynical about me being cynical?
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#13 Feb 24 2014 at 8:39 PM Rating: Good
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No billionaire will go undefended while TLW is here.

Let me add you to this innocuous list of enemies of the future revolutionary republic. Unless you'd like to retract your words.... Comrade?
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#14 Feb 24 2014 at 9:11 PM Rating: Decent
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Kavekk wrote:
No billionaire will go undefended while TLW is here.

Let me add you to this innocuous list of enemies of the future revolutionary republic. Unless you'd like to retract your words.... Comrade?


Meine Kameraden, ich liebe ihn, den Krieg.( der Milliardäre )


Edited, Feb 24th 2014 10:11pm by angrymnk
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#15 Feb 24 2014 at 9:26 PM Rating: Good
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Timelordwho wrote:
angrymnk wrote:
His Excellency Aethien wrote:
Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.


Sounds about right. Simpsons are not typically an appropriate quote but here it rings true:

"I want to give something back; not money, but something."


Buffet gave roughly 30 Bn.USD in 2006.

To whom? That's what, almost a hundred grand to every person in the country. I never got that check!
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#16 Feb 25 2014 at 12:06 AM Rating: Good
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It's a hundred dollars, not grand.
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#17 Feb 25 2014 at 12:20 AM Rating: Decent
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Is my math really that bad? I must have lost count of all the zeros
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we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#18 Feb 25 2014 at 2:17 AM Rating: Excellent
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Debalic wrote:
Timelordwho wrote:
angrymnk wrote:
His Excellency Aethien wrote:
Elinda wrote:
What I don't understand is why they make no difference. These guys got enough dough to drive policy - so what's the hold up?
They don't feel enough guilt to actually cough up the dough. At least not for as long as they think they can get this done without paying for it.


Sounds about right. Simpsons are not typically an appropriate quote but here it rings true:

"I want to give something back; not money, but something."


Buffet gave roughly 30 Bn.USD in 2006.

To whom? That's what, almost a hundred grand to every person in the country. I never got that check!


This.
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#19 Feb 25 2014 at 7:37 AM Rating: Excellent
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I could still use a free hundred bucks.
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#20 Feb 25 2014 at 7:44 AM Rating: Good
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Donating money to foundations to keep those tax breaks rolling in, really isn't spending to buy legislation. It's nice though. I'm sure some non-profitter is profitting.




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#21 Feb 25 2014 at 9:35 AM Rating: Excellent
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Deductions cap out at ~50% of income, which is exceeded in this case,

He already pays a low tax rate due to capital gains laws, and various other techniques.

If you'd like to find fault, it's better to look at the underlying economic system,

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#22 Feb 25 2014 at 11:47 AM Rating: Good
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Deductions cap out at ~50% of income, which is exceeded in this case,

He already pays a low tax rate due to capital gains laws, and various other techniques.

If you'd like to find fault, it's better to look at the underlying economic system,


He's buying his own legacy. Which is fine and everything, but it's certainly less altruistic to say "I'm near death, I'll give away much of my wealth in an attempt to generate benevolent memories of me and all of the good I did in the world, and **** my children, too, incidentally." than it would be to have pursued income equality when he was 30. "I benefited from a rigged system so now let's make it fair" never really works as a valid ethical position.
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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#23 Feb 25 2014 at 12:26 PM Rating: Excellent
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Elinda wrote:
I'm sure some non-profitter is profitting.
Smiley: nod

It's awesome. Smiley: grin

Bill gave my last workplace several million dollars for research. The Nike guy has given us something like $450 million at his place, with another $500 million on the way if we can meet our fund raising goals. It's certainly a boost to research, no doubts there. But, of course, we've also bought up a ton of real estate around town. Gotta put those labs somewhere... Smiley: rolleyes
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#24 Feb 25 2014 at 3:00 PM Rating: Good
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Smasharoo wrote:
Deductions cap out at ~50% of income, which is exceeded in this case,

He already pays a low tax rate due to capital gains laws, and various other techniques.

If you'd like to find fault, it's better to look at the underlying economic system,


He's buying his own legacy. Which is fine and everything, but it's certainly less altruistic to say "I'm near death, I'll give away much of my wealth in an attempt to generate benevolent memories of me and all of the good I did in the world, and @#%^ my children, too, incidentally." than it would be to have pursued income equality when he was 30. "I benefited from a rigged system so now let's make it fair" never really works as a valid ethical position.


Absolutely, but it's a better position than saying I benefited from a rigged system is now I'll further entrench that advantage. I'll grant you the income inequality @ 30 thing, but saying no to ludicrous piles of money just lying around is an incredibly hard thing to do.
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#25 Feb 25 2014 at 3:15 PM Rating: Default
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So this tells me that out of the rather largish list of people who might be described as tycoons, only 5 are stupid enough to think that both that the "wage gap" is a problem and that simply raising the minimum wage will fix it. Why not write a story about the 500,000 tycoons who all hold the opposite position instead? They're more likely to be correct.
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#26 Feb 25 2014 at 3:20 PM Rating: Excellent
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gbaji wrote:
So this tells me that out of the rather largish list of people who might be described as tycoons, only 5 are stupid enough to think that both that the "wage gap" is a problem and that simply raising the minimum wage will fix it.

This tells me that your logic skills are every bit as terrible as I suspected.

Granted, no one is going to write a news story about that either.
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