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TBideon

One World Trade Center 1,776'
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  1. How do you draw a distinction between one who earns their fortune fairly and unfairly? Jobs stole from Xerox. Buffet has long supported economic floats, subprime lending (Clayton and Vanderbilt, for example), and monopolies. Bezos and the Waltons are responsible for brutal workplace and anti-labor practices to their benefit. Page has stolen code and trade secrets. Ellison...hmm... I can't think of any corruptions offhand.
  2. They have an art craft show on December 7th and 8th, with 70+ vendors. I've heard prior open studio events (wasn't there one in August) have pulled in large crowds. That's all I got.
  3. He was also worth 100 billion dollars in 1999. At an average inflation rate of 2.2 percent a year, that would be in the $150 billion dollars range in 2019 dollars, whereas he's worth $106 billion today. And so he's down 50 percent from his "real" peak net worth, or has made a 6 percent return in twenty years. Either way, stats are fun - but somewhat easy to manipulate.
  4. I agree with some of that, but would argue you're omitting a very important section. Gates is not just collecting vast sums of money via investments (which I would say he has earned, since that's a by-product of his taking on risk in the first place), but is also redistributing a truly enormous amount with no real personal financial benefit. Maybe he is bypassing the (American?) working class indirectly, but Gates is directly sending wealth to low income and working classes via grants, endowments, etc, in developing countries. Do we need the government taking that role then? It seems redundant. And as for the poster who made that crazy Bernie comment, eh, no reason to engage with someone like that. They obviously offer very little to conversation.
  5. How would a wealth tax work in a WeWork situation? Would largescale investors be taxed on a percentage of their net worth? At what point? And if the stock dipped, or dipped considerably, would those investors be entitled to some kind of refund if they had already paid this tax before the end of the tax period? It seems very confusing. Just raise the capital gains tax.
  6. Don't forget Baker Square. They need to bring that back post haste.
  7. Bill Gates gives away an enormous amount of his wealth, $35 billion dollars this year alone, to charities and his foundation. The fact that he's still worth $100 billion is indicative of good investments - doesn't he own a lot of Berkshire Hathaway Class A and Microsoft stock, both of which are at all time highs. A quick google search shows that he has 60% of his funds in stocks and index funds, and so a major downturn in the markets would result in a disproportionate hit (compared to "average" wealthy investors who only put away half their wealth in equities). Clearly he feels his charity work and the Foundation can help far more people than the government taking its cut through a wealth tax. And based on what he's done, I think he deserves the benefit of the doubt here, as he's changing the world on a global scale with his work. He shouldn't be scorned for wanting to avoid a wealth tax, when that money clearly is being used for important things. I think he's unique compared to most other wealthy types who want to avoid paying their share.
  8. September 2018: Dow high was 26,743.50 (up 2.7% since). Nasdaq high was 8010.04 (up 5.28% since). S&P high was 2913.98 (up 5.6% since). In other words, growth has been somewhat moderate. It's just the crazy dip last winter has distorted this year's gains a bit. And that's good. Conservative growth is a better indicator than crazy growth (after which steep declines may follow).
  9. The racial stuff is ridiculous, but overall I think it's nice that they're having this booster event. If it helps Cleveland advocates network and partner up, it's only a win for the city and region.
  10. At $100-$200 million dollars per mile of additional track, that would be a pretty large baby step.
  11. Considering all of the lies behind the Medical Mart/Global Innovation of Bulls-hit, WeWork's current nightmare, and a number of visible development failures, I think some skepticism is warranted. He's just giving another perspective, and there are/will be plenty of other more positive articles to balance it.
  12. Damn, they sure build them high in New York.
  13. So Bernie has emergency heart failure (and will probably bow out of the race) and that treasonous animal is still walking, ranting, tweeting, golfing, endangering, and thieving? Wonderful.
  14. Look at all those attractive people walking on the street. Might as well rename the street Ocean Drive 2.0.
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