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RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:00:13 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


And what would you propose for the penalty for making over how much money is in your mind? Please tell us what the maxamum a persson should be allowed to make, save, etc.

(in reply to tamaka)
Profile   Post #: 21
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:00:39 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.




So, you think success should be punished and regulated.


_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to tamaka)
Profile   Post #: 22
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:07:21 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: KenDckey


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


And what would you propose for the penalty for making over how much money is in your mind? Please tell us what the maxamum a persson should be allowed to make, save, etc.


I'm really not sure but this whole 1% thing is ridiculous.

(in reply to KenDckey)
Profile   Post #: 23
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:09:27 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.




So, you think success should be punished and regulated.



I think that success should be shared and regulated. Yes i do.

(in reply to OsideGirl)
Profile   Post #: 24
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:10:38 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.




So, you think success should be punished and regulated.



I think that success should be shared and regulated. Yes i do. Because this system isn't working too well, in my opinion.



(in reply to tamaka)
Profile   Post #: 25
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:17:25 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: KenDckey


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


And what would you propose for the penalty for making over how much money is in your mind? Please tell us what the maxamum a persson should be allowed to make, save, etc.


I'm really not sure but this whole 1% thing is ridiculous.



Here's the reality: This wasn't given to him. He used his brain, his talent and business acumen. But, you somehow think that you should determine how those things get used.

No one else is entitled to what he has created. No one else is entitled to determine what his income should be. No one else gets to determine how he spends his money.

As for your "money is meant for circulation" comment: He's donated BILLIONS to charities. and will be donating 99% of his assets to charity upon his death.









_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to tamaka)
Profile   Post #: 26
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:23:56 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: KenDckey


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


And what would you propose for the penalty for making over how much money is in your mind? Please tell us what the maxamum a persson should be allowed to make, save, etc.


I'm really not sure but this whole 1% thing is ridiculous.



Here's the reality: This wasn't given to him. He used his brain, his talent and business acumen. But, you somehow think that you should determine how those things get used.

No one else is entitled to what he has created. No one else is entitled to determine what his income should be. No one else gets to determine how he spends his money.

As for your "money is meant for circulation" comment: He's donated BILLIONS to charities. and will be donating 99% of his assets to charity upon his death.




He is donating it because he wants to, not because he has to. Money is meant for circulation, not for hoarding. We need a better system that ensures that money is circulated among the people instead of hoarded by the 1%. We all only live a short time. I think eveyone should share in the success of the country.

(in reply to OsideGirl)
Profile   Post #: 27
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:27:18 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline
quote:

ORIGINAL: tamaka



I think that success should be shared and regulated. Yes i do. Because this system isn't working too well, in my opinion.





So, you think I should bust my ass and then have to give the fruit of my labor to someone else.

Let's say you have a class room where the professor has determined that all test scores will be averaged and everyone will receive the same grade. No one would fail and no one would earn an A.

Why would you bother to try to get an A score? You're never going to get the A because it's going to be reduced so that someone who didn't study won't fail.

That is exactly what you're proposing.

And FYI, eventually the entire class will fail because no one will put forth the effort because there is no reward for that effort.


quote:

ORIGINAL: tamaka

I think everyone should share in the success of the country.



You get to share in my success when you've shared by putting something into it.







< Message edited by OsideGirl -- 12/29/2016 5:29:50 PM >


_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to tamaka)
Profile   Post #: 28
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:35:24 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka



I think that success should be shared and regulated. Yes i do. Because this system isn't working too well, in my opinion.





So, you think I should bust my ass and then have to give the fruit of my labor to someone else.

Let's say you have a class room where the professor has determined that all test scores will be averaged and everyone will receive the same grade. No one would fail and no one would earn an A.

Why would you bother to try to get an A score? You're never going to get the A because it's going to be reduced so that someone who didn't study won't fail.

That is exactly what you're proposing.

And FYI, eventually the entire class will fail because no one will put forth the effort because there is no reward for that effort.


quote:

ORIGINAL: tamaka

I think everyone should share in the success of the country.



You get to share in my success when you've shared by putting something into it.





I understand what you're saying but at the same time, i really think this whole situation is getting out of hand.




(in reply to OsideGirl)
Profile   Post #: 29
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 5:51:20 PM   
bounty44


Posts: 6374
Joined: 11/1/2014
Status: offline
his money is only being "hoarded" if its under his mattress or in his closet.

otherwise, its invested in some capacity that has a public footprint and which benefits the public.

(in reply to tamaka)
Profile   Post #: 30
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 6:38:13 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline

quote:

ORIGINAL: bounty44

his money is only being "hoarded" if its under his mattress or in his closet.

otherwise, its invested in some capacity that has a public footprint and which benefits the public.

Yeah, that's the buzz word that they keep parroting and then can't back up.

He pays taxes, he buys things, he invests in businesses, he pays salaries and makes HUGE charitable donations, but he's "hoarding".

_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to bounty44)
Profile   Post #: 31
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 6:40:06 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: bounty44

his money is only being "hoarded" if its under his mattress or in his closet.

otherwise, its invested in some capacity that has a public footprint and which benefits the public.

Yeah, that's the buzz word that they keep parroting and then can't back up.

He pays taxes, he buys things, he invests in businesses, he pays salaries and makes HUGE charitable donations, but he's "hoarding".


What about the Walton Family?

(in reply to OsideGirl)
Profile   Post #: 32
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 6:45:15 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline
quote:




I understand what you're saying but at the same time, i really think this whole situation is getting out of hand.






What's out of hand it this sense of entitlement that you're somehow owed the fruits of his work.


_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to tamaka)
Profile   Post #: 33
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 6:48:42 PM   
OsideGirl


Posts: 14441
Joined: 7/1/2005
From: United States
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: bounty44

his money is only being "hoarded" if its under his mattress or in his closet.

otherwise, its invested in some capacity that has a public footprint and which benefits the public.

Yeah, that's the buzz word that they keep parroting and then can't back up.

He pays taxes, he buys things, he invests in businesses, he pays salaries and makes HUGE charitable donations, but he's "hoarding".


What about the Walton Family?


What about them?

The family built a business from the ground up. They pay taxes, they buy things, they pay salaries, I haven't looked into their charitable donations.

_____________________________

Give a girl the right shoes and she will conquer the world. ~ Marilyn Monroe

The Accelerated Velocity of Terminological Inexactitude

(in reply to tamaka)
Profile   Post #: 34
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 6:49:46 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl

quote:




I understand what you're saying but at the same time, i really think this whole situation is getting out of hand.






What's out of hand it this sense of entitlement that you're somehow owed the fruits of his work.




I don't need anything thanks. I just don't like the middle class evaporating and a return to kings, lords and peasants.

(in reply to OsideGirl)
Profile   Post #: 35
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 7:04:04 PM   
tamaka


Posts: 5079
Status: offline

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: bounty44

his money is only being "hoarded" if its under his mattress or in his closet.

otherwise, its invested in some capacity that has a public footprint and which benefits the public.

Yeah, that's the buzz word that they keep parroting and then can't back up.

He pays taxes, he buys things, he invests in businesses, he pays salaries and makes HUGE charitable donations, but he's "hoarding".


What about the Walton Family?


What about them?

The family built a business from the ground up. They pay taxes, they buy things, they pay salaries, I haven't looked into their charitable donations.


Yes they are very fair in sharing their fruits with their workers. You don't know what they do with their money.

(in reply to OsideGirl)
Profile   Post #: 36
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 7:05:27 PM   
bounty44


Posts: 6374
Joined: 11/1/2014
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:




I understand what you're saying but at the same time, i really think this whole situation is getting out of hand.






What's out of hand it this sense of entitlement that you're somehow owed the fruits of his work.




I don't need anything thanks. I just don't like the middle class evaporating and a return to kings, lords and peasants.



well before you go too much further with those thoughts, spend some time in serious study discerning exactly how it is that the presence of billionaires somehow causes the shrinking of the middle class.

as to your last point about "peasants"---the poor in our country are better off than most of the rest of the world, AND, their income has risen.

https://www.americanprogress.org/issues/economy/news/2016/09/13/144045/new-census-data-show-middle-class-incomes-rising-but-more-work-to-be-done/

(in reply to tamaka)
Profile   Post #: 37
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 7:59:53 PM   
Greta75


Posts: 9968
Joined: 2/6/2011
Status: offline
quote:

ORIGINAL: tamaka

No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


This sounds very bernie sanders.

For me, I respect anybody who is able to make money by doing as little as they can. And my personal life goal is to make a living by doing as little as I can. My direction of thoughts is always towards how to make this happen and this is what I want to happen in my life. So that I will always have alot of freedom of time to pursue hobbies.

Because it just shows the ability to lateral think and find a way to live life differently from the Norm.

In a way, it is intelligence.

The only other thing I respect as equally is somebody sacrificing money to do what he or she loves doing. And those people can work their ass off, making very little. Like teaching for example. Not exactly a billionaire job. But fulfilling to the soul if it's something they really love and enjoy. It's joy everyday.

Have you ever heard of anyone who can make multi-millions, work only 2 hours a day, and able to be sole provider for his family and be house husband, personal care taker of his kids, because he don't need to spend alot of time at work and the income still comes in.

I know somebody like this. He is amazing. He irons, change diapers, wants to be completely hands on with his kids, and since the day he graduate, he told himself, he ain't gonna be a slave to employers and chart his own path. I gain alot of inspiration from people like that.

Some people like this just came from having a lateral mind. A very lateral mind to figure out how this is possible. And even if he taught me his formula, which is he would be more than happy to, I wouldn't be able to re-create his outcome, because I do not have his personality, diplomacy and his ability to negotiate deals that will set him up for life with companies, with reoccuring income.

And my world view is, who is poor and who is rich is reliant on 2 things. Natural born talents, like singers, actors, athletes, may not be intelligent but have a gift that can bring them millions. The other thing is lateral intelligence. Book smarts, PHD may not get you to wealth as those aren't lateral thinkers, even a traditional high IQ may not get you to wealth. So ya, if ya lack either of those things, prepare to be poor. Or figure out how to think laterally and change your life. Because Lateral intelligence is what brings people from the most unlikely background to one of the world's richest man. Take Alibaba Founder for example.

< Message edited by Greta75 -- 12/29/2016 8:19:47 PM >

(in reply to tamaka)
Profile   Post #: 38
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 8:15:29 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline
Tamaka Why are you against saving money? That is a form of hording. You put it in the bank, get 2% interest or whatever, and they use it for other purposes until you ask for it back. So the money stayed incirculation by the bank. Now if I made the 12B and put it in the bank for them to use and got my $240M in interest I am sure that you might well be upset with me because I didn't give it to my employees, I just put it away in a savings account and lived off the interest.

(in reply to Greta75)
Profile   Post #: 39
RE: Warren Buffet made $12 billion in 2016 - 12/29/2016 9:27:59 PM   
Wayward5oul


Posts: 3314
Joined: 11/9/2014
Status: offline

quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: KenDckey


quote:

ORIGINAL: tamaka


quote:

ORIGINAL: OsideGirl

quote:

ORIGINAL: tamaka

quote:

ORIGINAL: OsideGirl


quote:

ORIGINAL: tamaka

... so much for hard work

https://www.yahoo.com/finance/news/how-warren-buffett-made-12-billion-in-2016-202017531.html


So, you think he didn't work hard to get to where he is?


No... i don't. How many long hard hours would nurses, teachers, plumbers, etc have to work to make that kind of money?


So your argument is that because someone else doesn't earn as much as he earns, he hasn't worked hard.




No... my argument is that no one should be able to make that kind of money. The money he has is way beyond the proportion of any 'Work' he has done. Money is made for circulation.


And what would you propose for the penalty for making over how much money is in your mind? Please tell us what the maxamum a persson should be allowed to make, save, etc.


I'm really not sure but this whole 1% thing is ridiculous.



Here's the reality: This wasn't given to him. He used his brain, his talent and business acumen. But, you somehow think that you should determine how those things get used.

No one else is entitled to what he has created. No one else is entitled to determine what his income should be. No one else gets to determine how he spends his money.

As for your "money is meant for circulation" comment: He's donated BILLIONS to charities. and will be donating 99% of his assets to charity upon his death.




He is donating it because he wants to, not because he has to. Money is meant for circulation, not for hoarding. We need a better system that ensures that money is circulated among the people instead of hoarded by the 1%. We all only live a short time. I think eveyone should share in the success of the country.


There you go, posting without thinking again.

He isn't 'hoarding' anything. Do some research. Actually look into what you are spouting off about. You trying to make this argument, especially using this particular man as an example, just shows how clueless you are about the whole thing.

(in reply to tamaka)
Profile   Post #: 40
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