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There are 403 billionaires in the US. Their net worth = the GDP of Canada.

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:43 AM
Original message
There are 403 billionaires in the US. Their net worth = the GDP of Canada.
A Few Senators Would Like Billionaires to Pitch in with the ...Jun 24, 2010 ...

According to Forbes Magazine, there are only 403 billionaires in the United States with a collective net worth of $1.3 trillion....

goingconcern.com/.../a-few-senators-would-like-billionaires-to-pitch-in-with- the-deficit-problem/ - Cached


Gross Domestic Product, Canada
$1.34 Trillion US dollars at current prices - 2009
Source: World Bank, World Development Indicator



Tax them.
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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:45 AM
Response to Original message
1. Love to know how many inherited their wealth
Like Forbes
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:48 AM
Response to Reply #1
4. steve inherited the second generation of wealth. his father = also a heir.
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Courtesy Flush Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 08:13 AM
Response to Reply #1
19. And those who did not risk anything
Conservatives love to say that wealthy people are wealthy because they took risks to build wealth. While that's true in many cases, others finished college, then got accepted in a junior executive program, and ended up being investment bankers with multi-million dollar packages before age 30. They never risked a dime, except maybe taking out student loans, but they're raping the economy for billions, and the Tea Baggers who are scraping by on a government check are voting in THEIR interests.
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daleanime Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:46 AM
Response to Original message
2. Maybe if we ask really, really nicely....
:eyes:
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:47 AM
Response to Original message
3. I'd like to see that list. Can you post it? TIA! nt
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:57 AM
Response to Reply #3
5. here's the list of some of them
http://www.forbes.com/wealth/forbes-400

here's the top 10

1. gates
2. buffett
3. larry ellison
4. christy walton
5. charles koch
6. david koch
7. jim walton
8. alice walton
9. robson walton
10. michael bloomberg


interestingly, all of them are in some way pushing ed deform.
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 07:42 PM
Response to Reply #5
28. Thanks. It's good to know who actually owns the U.S.A.and all of us peons.
:grr:
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Major Hogwash Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 04:26 AM
Response to Original message
6. I don't think all of those billionaires live in the US.
I looked the other day and there were only about 300 here in the land of the free and the home of the brave.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 04:56 AM
Response to Reply #6
7. you looked where? Per Forbes March 2010 it's 403 in the US.
Edited on Sun Dec-12-10 05:01 AM by Hannah Bell
AP PhotoOpenRichest 25 American Billionaires

The U.S. now has 403 billionaires with a collective net worth of $1.3 trillion. Here is a list of the country's top 25 tycoons.

http://www.forbes.com/2010/03/09/united-states-richest-people-warren-buffett-michael-bloomberg-billionaires-2010-gates_slide.html
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 05:32 AM
Response to Original message
8. recommend
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 06:06 AM
Response to Original message
9. This feels to me like the targeting of abortion doctors or something.
Is this really the focus of Progressives? Resentment towards people with money?

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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 06:20 AM
Response to Reply #9
10. Really..
People with money are smarter than us, more moral than us and only want what is best for us.

That's how they got all that money, looking out for the best interests of those of us who have less than they do.

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 06:28 AM
Response to Reply #9
11. no, obviously progressive resentment is better focused on muslims, immigrants, fat people, smokers,
Edited on Sun Dec-12-10 06:53 AM by Hannah Bell
people who breast feed their children unacceptably long, people who eat junk food, people who drive SUVs, and women who don't follow western dress customs.

Those are important targets of resentment.

Resentment at the people who crashed the economy & are stealing from everyone else to make up their losses -- totally beyond the pale.

Resentment at the people who are preparing to kill people by shutting off public services to 1/3 of a city -- why would that bother anyone?
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 06:39 AM
Response to Reply #11
12. It is one thing to believe something isn't right and another to assert it must be taken away
As if simply having money denotes wrongdoing and is in itself a crime or something.

I notice there is no assertion of peaceful intentions or a denial that this is a targeting of some sort.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 06:40 AM
Response to Reply #12
13. what are you babbling about? pardon me, your post is full of straw.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 07:06 AM
Response to Reply #13
14. It just feels to me like the way someone puts together a list of targets
to focus anger at certain individuals...like how the right focuses abortion anger at a list of Doctors or something. It's not just your post but a culmination of the posts asking for civil disobedience, celebrating the attack on Prince Charles, advocating something that feels menacing.

Recently I've seen quite a few posts pulled down for advocating violence. I just think the rage is getting out of hand.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 08:00 AM
Response to Reply #14
17. people are simply trained not to see the violence the wealthy do, that's all.
every day.

most of the violence in the world can be laid directly at their feet.

starting with the us wars on 5 continents going on today.
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 07:21 AM
Response to Reply #12
15. Here, let me assert the injustice for you.
Keeping all their bread, when their fellow people are starving in the streets, is the injustice.

It is an injustice to community, to society, and to the very idea of equality.

To equate taxation with being "non-peaceful" leads me to think that you have never had family herded naked into a ditch and shot, for the crime of hoarding money.

Taxation is peaceful, guillotines and state-sanctioned murder is not.
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fmlymninral Donating Member (42 posts) Send PM | Profile | Ignore Sun Dec-12-10 07:43 AM
Response to Reply #15
16. I believe that
if truth be known most of the people on this list pay $100's thousands in taxes plus give tremendous amounts of money to charity. so what the question comes to is what do you believe is their fair share.
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 10:50 AM
Response to Reply #16
22. Only a widow's mite.
That's their share.
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 08:05 AM
Response to Reply #9
18. We are resentful towards a system in which just a few are allowed to accumulate
so much. Yes, it's wrong. Do I personally blame Gates for having so much money? No, I don't, he's kin after all (yes, I'm related to Bill Gates as in a common ancestor about 12 generations ago - my side of the family tree not so rich!) It's not the individuals - we all do the best we can with what we get, under whatever system we're living.

The fault is the system that allows such immoral behavior. The system needs to go - I can't say that strongly enough.
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fmlymninral Donating Member (42 posts) Send PM | Profile | Ignore Sun Dec-12-10 09:07 AM
Response to Reply #18
20. why is it immoral
to accumulate wealth. Bill started a company that provides a valuable service to his customers,employees thousands, has created many millionaires. his wealth is based on the value of that company.
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reformist2 Donating Member (998 posts) Send PM | Profile | Ignore Sun Dec-12-10 10:59 AM
Response to Reply #20
25. It's not immoral exactly, it's just ridiculous. Nobody is truly worth $1 billion+

I don't care what the "free market" says.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:48 PM
Response to Reply #25
26. immoral as well.
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 03:51 PM
Response to Reply #20
27. If you don't understand why it is immoral to allow certain folks to keep
Edited on Sun Dec-12-10 03:52 PM by TBF
billions of dollars for their own use, while others are homeless I don't think there's much I can say to you. Does that not strike you as wrong on any level?

Bill has enjoyed great wealth his entire life. Sure he's a bright guy and he may even work hard occasionally, but does that still justify having so much more wealth than nearly everyone else on earth? I personally don't think so.
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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 10:21 AM
Response to Original message
21. Wow, people here really love them some rich people.
It's like the cargo cult.
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 10:53 AM
Response to Original message
23. Our job lords. Give them a break. Money will fall from heaven like manna.
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reformist2 Donating Member (998 posts) Send PM | Profile | Ignore Sun Dec-12-10 10:57 AM
Response to Original message
24. Anyone know how much they paid in taxes this year? /nt
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maryf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 09:24 PM
Response to Reply #24
29. Only the little people pay taxes...nt
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