OT: Epstein

[61bigredfan]

Why would I need that to prove we have more millionaires and billionaires in 2025 than we did in 1950? That info is easily attainable…

In 1950 we had 17,000 millionaires in the US and zero billionaires.

In 2024 we 22,000,000 millionaires in the US and 1050 billionaires.

What more proof do you need that our economic system has been the world’s most successful model in creating more millionaires and billionaires. We kick the shit out of every other country 10 times over. Now if your goal to change that and slow our growth of wealthy people (wealth n general) we have plenty of examples of communism and socialism where the government’s greed destroyed their respective countries economically.

Facts are facts man. Our system has generated more wealth in the last 100 years than anything else the world has ever seen. There literally is not one example of a more successful economic system. But hey let’s just throw that all away and try something that’s proven to be less effective system. 🙄

Hey, I think the United States is the best country in the world and has been the freest country in the world.

But your numbers don’t prove your point. In order for there to be an relative increase in the number of billionaires adjusted for inflation, there would have to have been less than 1050 people who were worth less than $77 million in January 1950 based on the CPI. Were there? That would be around 6% of the 1950 millionaires.

 

[61bigredfan]

I won't necessarily enjoy a recession, but what I do love is radicals all the sudden spinning the narrative to make it sound like a stock market crash and recession are a positive. Such a change in tune from the last few years. Maybe we'll all get more stimulus checks!

The powers that be just need to keep the president under wraps to keep him from saying something that crashes the markets, etc. You know, do what they did with Biden last cycle.

 

[Laner2]

What the hell has happened to this thread?

 

[61bigredfan]

What the hell has happened to this thread?

It went off the rails. A lot of that going around lately.

 

[HBK4life]

 

[V-Doub]

Hey, I think the United States is the best country in the world and has been the freest country in the world.

But your numbers don’t prove your point. In order for there to be an relative increase in the number of billionaires adjusted for inflation, there would have to have been less than 1050 people who were worth less than $77 million in January 1950 based on the CPI. Were there? That would be around 6% of the 1950 millionaires.

Does it really matter when it’s greatest increase in overall wealth in the world? United States has generated more wealth than any other country in the last 100 years, by large margin. Inflation is global and the US has been far less affected by inflation than 90% of the rest of the world and we’ve generated more wealth than any other country. There it is… You don’t have to calculate any of that if you already know we’ve had the largest wealth growth in the world (more than most of the world combined) and we’re one of the least affected by currency inflation. If you know those 2 things you know our economic system has been the world’s most successful. Which was my main point to begin with.

Why would we trash the most successful economic system the world has ever seen for some sort of hybrid capitalist/socialist/communist system when socialism and communism have proven to be less effective in creating wealth and growing the middle class? And that’s giving leftist economic philosophies the benefit of the doubt, some want full blown communism and/or socialism. Which have been unequivocally proven to be failures.

I’m all for improving our economic system where it makes sense and I’m all for the exploitation and analysis of alternative and potentially better economic systems. But when you’re the best in the world and the best the world has ever seen by a large margin… You don’t just start changing things for the sake of change. (progressives) Let other countries experiment with new radical economic systems and if they find something that works I have no doubt Americans will adopt it and do it better. Just like Britain did with us in the 1700s. They were the most dominant country economically at the time and they let poor up starts like us and Russia play around with new radical economic systems. And well before the advent of communism it became clear that capitalism was the world’s greatest economic system and they adopted it as quickly as they could. Consequently they’re still one of the world’s most dominant economic powers and if it wasn’t for 2 world wars (especially wwII) Britain might still be the most dominant economic power, without the United States vast natural resources.

 

[Huskers123456]

Does it really matter when it’s greatest increase in overall wealth in the world? United States has generated more wealth than any other country in the last 100 years, by large margin. Inflation is global and the US has been far less affected by inflation than 90% of the rest of the world and we’ve generated more wealth than any other country. There it is… You don’t have to calculate any of that if you already know we’ve had the largest wealth growth in the world (more than most of the world combined) and we’re one of the least affected by currency inflation. If you know those 2 things you know our economic system has been the world’s most successful. Which was my main point to begin with.

Why would we trash the most successful economic system the world has ever seen for some sort of hybrid capitalist/socialist/communist system when socialism and communism have proven to be less effective in creating wealth and growing the middle class? And that’s giving leftist economic philosophies the benefit of the doubt, some want full blown communism and/or socialism. Which have been unequivocally proven to be failures.

I’m all for improving our economic system where it makes sense and I’m all for the exploitation and analysis of alternative and potentially better economic systems. But when you’re the best in the world and the best the world has ever seen by a large margin… You don’t just start changing things for the sake of change. (progressives) Let other countries experiment with new radical economic systems and if they find something that works I have no doubt Americans will adopt it and do it better. Just like Britain did with us in the 1700s. They were the most dominant country economically at the time and they let poor up starts like us and Russia play around with new radical economic systems. And well before the advent of communism it became clear that capitalism was the world’s greatest economic system and they adopted it as quickly as they could. Consequently they’re still one of the world’s most dominant economic powers and if it wasn’t for 2 world wars (especially wwII) Britain might still be the most dominant economic power, without the United States vast natural resources.

Agree with most if not all of this. Don't forget that a lot of these mega wealthy people have a large amount of their net worth tied up in stocks that can fluctuate wildly. And some of these stocks aren't even really that profitable. It isn't like back in the 1800's when a mega wealthy family owned a bunch of super profitable companies and usually land. Look at Elon. He has lost $121 billion in net worth since December 17th. And that was before today....

 

[V-Doub]

Agree with most if not all of this. Don't forget that a lot of these mega wealthy people have a large amount of their net worth tied up in stocks that can fluctuate wildly. And some of these stocks aren't even really that profitable. It isn't like back in the 1800's when a mega wealthy family owned a bunch of super profitable companies and usually land. Look at Elon. He has lost $121 billion in net worth since December 17th. And that was before today....

Sadly, what I think most progressives don’t understand, (and I’m not aiming this at you specifically) is the world had one basic and dominant economic system for roughly 3000+ years, feudalism. Now the term wasn’t coined until the 1700s (labeled if you will) but in one form or another the world economic structure was based on local/regional feudalism.

Capitalism is only about 250 years old and its global success has surpassed anything our founders could’ve ever imagined. Capitalism is just an infant compared to humanity’s thousands of years under feudal economic systems. And I know progressives are defined by change and seek change for the sake of change, but people, we don’t have a better system to change to yet. Relax, then get a job.

 

[Huskers123456]

Sadly, what I think most progressives don’t understand, (and I’m not aiming this at you specifically) is the world had one basic and dominant economic system for roughly 3000+ years, feudalism. Now the term wasn’t coined until the 1700s (labeled if you will) but in one form or another the world economic structure was based on local/regional feudalism.

Capitalism is only about 250 years old and its global success has surpassed anything our founders could’ve ever imagined. Capitalism is just an infant compared to humanity’s thousands of years under feudal economic systems. And I know progressives are defined by change and seek change for the sake of change, but people, we don’t have a better system to change to yet. Relax, then get a job.

Agree. I know this upsets people, but I'm not really much of a progressive. I just want a moderate in power. Don't care about parties.

 

[cruelhalo]

People bitching about the markets don't realize they're overbought by 2 years. We are long over due for a huge corrections across the board.

The prices are ridiculous and companies with negative earnings, shitty revenue and increasing debt are trading 30× to 40× earnings. It makes no sense.

The stock market is a legal ponzi scheme. Look at RGTI, it has 285M shares outstanding and was trading its float every 3 days.

 

[HBK4life]

What the hell has happened to this thread?

This is for you. The greatest fail video I've ever seen.😂.

 

[cruelhalo]

What the hell has happened to this thread?

It has morphed into a different group of conversations I've ever seen on any Rivals boad in 20+ years.

Has anyone heard from Pam Bondi?

 

[TampaBaySkers]

I won't necessarily enjoy a recession, but what I do love is radicals all the sudden spinning the narrative to make it sound like a stock market crash and recession are a positive. Such a change in tune from the last few years. Maybe we'll all get more stimulus checks!

Check my receipts. Bond market told us a recession was coming far before the election. Not sure why you’re labeling me a radical..

If you want prices to go down and restore purchasing power then a deflationary recession is the only way.

I never received a stimmy check … my condolences to you

 

[TampaBaySkers]

People bitching about the markets don't realize they're overbought by 2 years. We are long over due for a huge corrections across the board.

The prices are ridiculous and companies with negative earnings, shitty revenue and increasing debt are trading 30× to 40× earnings. It makes no sense.

The stock market is a legal ponzi scheme. Look at RGTI, it has 285M shares outstanding and was trading its float every 3 days.

We are in an everything bubble. Watch out below!!

 

[V-Doub]

What the hell has happened to this thread?

You know a thread is like a river
Ever changin' as it flows
And the poster’s just a vessel
That must follow where it goes
Trying to learn from what's behind you
And never knowing what's in store
Makes each day a constant battle
Just to stay within the rules…

 

[cruelhalo]

We are in an everything bubble. Watch out below!!

You know what I like about markets being crushed? People panicking brings me cheaper prices!