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Bill Gates no longer richest man in the world
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Jesterondirt Offline
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Bill Gates no longer richest man in the world
07-06-2007 11:14 AM
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TOGC Offline
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Post: #2
RE: Bill Gates no longer richest man in the world
Quote:Fifty-three percent of Mexico's population of 104 million live in poverty, which is defined as living on less than two dollars a day, World Bank data show.

And he's walking around with 53 billion dollars.

How do you amass that kind of wealth in a country that is that poor?
07-06-2007 12:04 PM
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blazr Away
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Post: #3
RE: Bill Gates no longer richest man in the world
the other Greg Childers Wrote:
Quote:Fifty-three percent of Mexico's population of 104 million live in poverty, which is defined as living on less than two dollars a day, World Bank data show.

And he's walking around with 53 billion dollars.

How do you amass that kind of wealth in a country that is that poor?

I know this is difficult for a liberal to understand, but here's my guess: you work very, very hard (and smart).
07-06-2007 02:14 PM
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TOGC Offline
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RE: Bill Gates no longer richest man in the world
blazr Wrote:
the other Greg Childers Wrote:
Quote:Fifty-three percent of Mexico's population of 104 million live in poverty, which is defined as living on less than two dollars a day, World Bank data show.

And he's walking around with 53 billion dollars.

How do you amass that kind of wealth in a country that is that poor?

I know this is difficult for a liberal to understand, but here's my guess: you work very, very hard (and smart).

You are completely missing the point.

How do you make money in a country where everyone is broke? From the looks of it, 53% of Mexico's population probably can't afford the services this guy provides. So where's the money coming from?
07-06-2007 02:19 PM
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Post: #5
RE: Bill Gates no longer richest man in the world
the other Greg Childers Wrote:You are completely missing the point.

How do you make money in a country where everyone is broke? From the looks of it, 53% of Mexico's population probably can't afford the services this guy provides. So where's the money coming from?

They have all the resources we have. Maybe they need to revolt to get the damn government to remove the boundaries to success this guy apparently conquered. Not everyone is broke in Mehico.
07-06-2007 02:24 PM
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TOGC Offline
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RE: Bill Gates no longer richest man in the world
RebelKev Wrote:
the other Greg Childers Wrote:You are completely missing the point.

How do you make money in a country where everyone is broke? From the looks of it, 53% of Mexico's population probably can't afford the services this guy provides. So where's the money coming from?

They have all the resources we have. Maybe they need to revolt to get the damn government to remove the boundaries to success this guy apparently conquered. Not everyone is broke in Mehico.

They don't have anywhere near the resources we have. To say otherwise is completely ignorant.
07-06-2007 02:28 PM
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Jesterondirt Offline
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RE: Bill Gates no longer richest man in the world
He was wealthy enough to attend a very nice college, I would say he had some nice investments inherited to him and was able to mixaimize off all of his good fortunes.

this isnt really a pauper(sp?) to a prince type story
(This post was last modified: 07-06-2007 02:37 PM by Jesterondirt.)
07-06-2007 02:37 PM
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blazr Away
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Post: #8
RE: Bill Gates no longer richest man in the world
bleed blue and gold Wrote:He was wealthy enough to attend a very nice college, I would say he had some nice investments inherited to him and was able to mixaimize off all of his good fortunes.

this isnt really a pauper(sp?) to a prince type story

I didn't say it was, but even if you have family money to start with you have to be smart and focused to maximize it the way he has. You can sit on your money a la Paris Hilton, but you'll never be the wealthiest person in the world. No matter what you start with, working hard and working smart will always pay off and leave you better than you were. If someone is a success, it's not all about luck, favoritism, or taking advantage of other people (although all three may be present in specific cases to varying degrees) as liberals would have you believe.
07-06-2007 02:55 PM
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Post: #9
RE: Bill Gates no longer richest man in the world
blazr Wrote:
bleed blue and gold Wrote:He was wealthy enough to attend a very nice college, I would say he had some nice investments inherited to him and was able to mixaimize off all of his good fortunes.

this isnt really a pauper(sp?) to a prince type story

I didn't say it was, but even if you have family money to start with you have to be smart and focused to maximize it the way he has. You can sit on your money a la Paris Hilton, but you'll never be the wealthiest person in the world. No matter what you start with, working hard and working smart will always pay off and leave you better than you were. If someone is a success, it's not all about luck, favoritism, or taking advantage of other people (although all three may be present in specific cases to varying degrees) as liberals would have you believe.

And unlike what certain talking heads and people who generally don't think very much, liberals believe in hard work, as well. There's a reason that liberals are opposed to the exploitation of labor, in favor of education, etc.
07-06-2007 03:00 PM
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blazr Away
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Post: #10
RE: Bill Gates no longer richest man in the world
Sophandros Wrote:
blazr Wrote:
bleed blue and gold Wrote:He was wealthy enough to attend a very nice college, I would say he had some nice investments inherited to him and was able to mixaimize off all of his good fortunes.

this isnt really a pauper(sp?) to a prince type story

I didn't say it was, but even if you have family money to start with you have to be smart and focused to maximize it the way he has. You can sit on your money a la Paris Hilton, but you'll never be the wealthiest person in the world. No matter what you start with, working hard and working smart will always pay off and leave you better than you were. If someone is a success, it's not all about luck, favoritism, or taking advantage of other people (although all three may be present in specific cases to varying degrees) as liberals would have you believe.

And unlike what certain talking heads and people who generally don't think very much, liberals believe in hard work, as well. There's a reason that liberals are opposed to the exploitation of labor, in favor of education, etc.

That's all well and good, until they start discussing taking from those who have earned (i.e., the "wealthy), and giving to those who have not (i.e., the "oppressed"). If you are interested in helping your fellow man, I am right there with you. Pass me the spatula because I'm helping you cook pancakes. But if you think that requires procedurally and forcibly taking from others with no other reason than "for the common good", then we have a vastly different idea of how to help. One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.
07-06-2007 03:06 PM
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Post: #11
RE: Bill Gates no longer richest man in the world
the other Greg Childers Wrote:They don't have anywhere near the resources we have. To say otherwise is completely ignorant.

They have every damn thing they need to be a viable country, not just a third-world shithole.

Them:

Mexico

Us:

United States

If you want to blame it on resources, which it seems you're heading to, what in the hell makes this country such as economic powerhouse:

Japan

They have dick for natural resources.
07-06-2007 03:25 PM
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Sophandros Offline
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Post: #12
RE: Bill Gates no longer richest man in the world
blazr Wrote:One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.

That's not necessarily true in all cases. For example, a drug dealer's success is directly proportional to the suffering of others.
07-06-2007 03:25 PM
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blazr Away
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Post: #13
RE: Bill Gates no longer richest man in the world
Sophandros Wrote:
blazr Wrote:One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.

That's not necessarily true in all cases. For example, a drug dealer's success is directly proportional to the suffering of others.

Proportional maybe, but not cause and effect. I would argue that someone doing drugs has more to blame themselves for than the drug dealer. Besides, I don't think it's unfair to assume we are limiting ourselves to legitimate business pursuits...I don't know anyone who would hold Pablo Escobar up as a model of capitalism...except maybe libertarians 05-stirthepot
(This post was last modified: 07-06-2007 03:39 PM by blazr.)
07-06-2007 03:38 PM
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Post: #14
RE: Bill Gates no longer richest man in the world
blazr Wrote:
Sophandros Wrote:
blazr Wrote:One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.

That's not necessarily true in all cases. For example, a drug dealer's success is directly proportional to the suffering of others.

Proportional maybe, but not cause and effect. I would argue that someone doing drugs has more to blame themselves for than the drug dealer. Besides, I don't think it's unfair to assume we are limiting ourselves to legitimate business pursuits...I don't know anyone who would hold Pablo Escobar up as a model of capitalism...except maybe libertarians 05-stirthepot

Why'd you have to call 'em out like that?05-stirthepot
07-06-2007 04:00 PM
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Jesterondirt Offline
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RE: Bill Gates no longer richest man in the world
[Image: blaupunkt0fn.gif]
03-lmfao03-lmfao03-lmfao that is the funniest thing i have seen all day.
07-06-2007 04:10 PM
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Post: #16
RE: Bill Gates no longer richest man in the world
blazr Wrote:If someone is a success, it's not all about luck, favoritism, or taking advantage of other people (although all three may be present in specific cases to varying degrees) as liberals would have you believe.


Thats a pretty gross mis-characterization of what liberals believe.

Just because liberals want to remind people that we do not yet have equality of opportunity in this country, doesn't mean we believe that everyone who is wealthy is lucky, corrupt, and malevolent.

That would be like saying conservatives want to make Christianity the official religion of the U.S... Its a silly straw man.
07-06-2007 04:19 PM
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RE: Bill Gates no longer richest man in the world
blazr Wrote:One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.

One person's suffering may not always be the fault of someone else's success, but to say they have nothing to do with one another is patently naive.

The U.S. has high income inequality for an industrialized country. But the correlation is only really evident when you go to a country with really high income inequality. Have you spent much time living in India or Africa? It may change your mind on the connection between income inequality and extreme poverty. There are thousands of examples of industries where individuals do get wealthy based off of the desperation of workers. Look into the shipbreaking industry in Bangladesh or India, and you can see injustice up close. While the economic maxim that "if the job wasn't improving their lives, they wouldn't be taking it" holds true, the converse "if their primary educational opportunities improved, the exploitative industries would have to pay them more and provide better safety standards" is also true. The link between this latter truth and the issue of some wealthy profiting from misfortune can often be found in the government policy making process. In South Asia, shipbreakers and other predatory industries use their wealth to influence politics at the local level, ensuring that anything that would improve the infrastructure of the local area never comes to pass, and they have a reliable stream of desperate workers.

In the U.S., things are more subtle. And its not conspiratorial. But many industries do benefit from income inequality.

I'm not making a normative judgement on that or advocating for nationalizing the economy or anything like that, but the antiseptic notion that wealthy people and poor people live existences and experience outcomes that are wholly exogenous to one another is just not true. It may be a more comforting notion to believe, but its simply not true.

And my background is someone who grew up on the far lower end of middle class, and whose socio-economic status has risen considerably through my own hard work and the hard work of others. My father was the first in his family to go to college, and I'm the first to earn a post-grad/professional degree. So I'm not in anyway discounting the importance of hard work and intelligence.

But the playing field is not exactly equal, and until it is, your statement isn't really true. Thats why liberals argue for increasing opportunity.

I'll close with this comment about Warren Buffett, from an excellent column in the New York Times from the always sharp witted, hillarious Conservative Ben Stein:

Quote:Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.

It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”

Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.

“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
(This post was last modified: 07-06-2007 04:53 PM by OUGwave.)
07-06-2007 04:52 PM
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TOGC Offline
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Post: #18
RE: Bill Gates no longer richest man in the world
RebelKev Wrote:
the other Greg Childers Wrote:They don't have anywhere near the resources we have. To say otherwise is completely ignorant.

They have every damn thing they need to be a viable country, not just a third-world shithole.

Them:

Mexico

Us:

United States

If you want to blame it on resources, which it seems you're heading to, what in the hell makes this country such as economic powerhouse:

Japan

They have dick for natural resources.

This was your original claim:

RebelKev Wrote:They have all the resources we have.

That is completely refuted by your own sources.

They also have 53% of their population living on less than $2 per day. That doesn't exactly scream "teaming masses with loads of expendable income."
07-06-2007 04:57 PM
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blazr Away
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Post: #19
RE: Bill Gates no longer richest man in the world
OUGwave Wrote:
blazr Wrote:One person's success (as vast as it may be) has absolutely nothing to do with another's suffering.

One person's suffering may not always be the fault of someone else's success, but to say they have nothing to do with one another is patently naive.

The U.S. has high income inequality for an industrialized country. But the correlation is only really evident when you go to a country with really high income inequality. Have you spent much time living in India or Africa? It may change your mind on the connection between income inequality and extreme poverty. There are thousands of examples of industries where individuals do get wealthy based off of the desperation of workers. Look into the shipbreaking industry in Bangladesh or India, and you can see injustice up close. While the economic maxim that "if the job wasn't improving their lives, they wouldn't be taking it" holds true, the converse "if their primary educational opportunities improved, the exploitative industries would have to pay them more and provide better safety standards" is also true. The link between this latter truth and the issue of some wealthy profiting from misfortune can often be found in the government policy making process. In South Asia, shipbreakers and other predatory industries use their wealth to influence politics at the local level, ensuring that anything that would improve the infrastructure of the local area never comes to pass, and they have a reliable stream of desperate workers.

In the U.S., things are more subtle. And its not conspiratorial. But many industries do benefit from income inequality.

I'm not making a normative judgement on that or advocating for nationalizing the economy or anything like that, but the antiseptic notion that wealthy people and poor people live existences and experience outcomes that are wholly exogenous to one another is just not true. It may be a more comforting notion to believe, but its simply not true.

And my background is someone who grew up on the far lower end of middle class, and whose socio-economic status has risen considerably through my own hard work and the hard work of others. My father was the first in his family to go to college, and I'm the first to earn a post-grad/professional degree. So I'm not in anyway discounting the importance of hard work and intelligence.

But the playing field is not exactly equal, and until it is, your statement isn't really true. Thats why liberals argue for increasing opportunity.

I'll close with this comment about Warren Buffett, from an excellent column in the New York Times from the always sharp witted, hillarious Conservative Ben Stein:

Quote:Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.

It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”

Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.

“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

That was an intelligent, well-formed, researched, considered, and persuasive post. 04-bow
07-06-2007 06:05 PM
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RE: Bill Gates no longer richest man in the world
bleed blue and gold Wrote:[Image: blaupunkt0fn.gif]
03-lmfao03-lmfao03-lmfao that is the funniest thing i have seen all day.

[/youtube]
07-06-2007 06:12 PM
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