Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Saturday, December 7, 2024

Billionaire Marc Andreessen loves him some plutocracy, which his beloved Thomas Jefferson would have taxed into oblivion

Trump's so-called party of populism has given us a cabinet teeming with billionaires.

Welcome to rule by the rich. We deserve them, good and hard.

Andreessen's hero, Thomas Jefferson, would have taxed them all into oblivion to keep their baneful influence from destroying republican government. Thomas Jefferson was an advocate of what we have known as steeply progressive taxation.

But billionaire Andreessen thinks you are too dumb even to know that.

Hell, he's probably too dumb to know that.

 


"Exempt all from taxation below a certain point, and tax the higher portions of property in geometrical progression as they rise."


Sunday, October 27, 2024

Ilhan Omar standing with billionaire Alex Soros is all about the Benjamins, baby

The parade of Democrats posing for this same picture this year has been really something.

 


Thursday, May 30, 2024

Nominal GDP for 1Q2024 was revised down $28.6 billion in the second estimate today: What's the big picture?

 Nominal GDP came in at a revised $28.255 trillion.

Sounds like a lot, right?

Here's the big picture.

From 1947 to 2000, nominal GDP grew at a compound annual rate of 7.26%.

From 2000 to 2024, nominal GDP grew at a compound annual rate of 4.42%, 39% lower.

The year 2000 marks the US opening to China, and the great wealth transfer out of the US from the middle class under globalism, creating new middle classes there and elsewhere.

We are poorer for it, but we have lots more billionaires now and you can read all about it on your Apple iPhone made by slave labor while you eat your 40% more expensive hamburger from McDonalds since 2019.

Friday, March 22, 2024

USA overwhelms China for most millionaires and billionaires, but 13,500 wealthy Chicoms fled China in 2023


The U.S. is the top country for millionaires and billionaires :

The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report.  

There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to the 2024 USA Wealth Report from Henley & Partners and New World Wealth.

Over the past five years, the population of millionaires in the U.S. has grown 35%, nearly twice as fast as China’s. The U.S. is now home to 37% of the world’s millionaires, up from 35% in 2018.

The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China’s 2,352. The U.S. has about 788 billionaires to China’s 305.

“The USA remains the world’s undisputed leader in private wealth creation and accumulation,” according to the report.

Dominic Volek, group head of private clients at Henley, said the strict Covid lockdowns in China coupled with increases in its government intervention in the private sector have slowed the growth in wealth creation.

“China has certainly slowed a lot due to these elements and the U.S. has benefited,” he said.

The shift from China to the U.S. is also reflected in wealth migration patterns. A net 13,500 Chinese millionaires left China in 2023, marking a new record. The U.S. had a net inflow of 2,200 millionaires in 2023 and a projected inflow of 3,500 in 2024, according to the Henley report.

Wednesday, September 29, 2021

Hey, just like the CDC!

 YouTube is again changing policies that it has held onto for months.

Seriously, this story (WaPo: "YouTube is banning prominent anti-vaccine activists and blocking all anti-vaccine content") is the most contemptible story I've read in weeks:

Some anti-vaccine influencers, including Mercola, also sell natural health products, giving them a financial incentive to promote skepticism of mainstream medicine.

AS IF THERE IS NO FINANCIAL INCENTIVE TO PROMOTE VACCINES WHICH HAVE CREATED AT LEAST NINE NEW BIG PHARMA BILLIONAIRES IN THE LAST YEAR.

HA HA HA HA HA!

We're all a bunch of nuts who must be grouped under one umbrella, you see:

The anti-vaccine movement now also incorporates groups as diverse as conspiracy theorists who believe former president Donald Trump is still the rightful president, and some wellness influencers who see the vaccines as unnatural substances that will poison human bodies.

WHEN DO THE CAMPS OPEN? CAN I MAKE A RESERVATION? WILL MY GAS MASK BE CONFISCATED?

The Johnson and Johnson vaccine rollout, which was linked to a bunch of blood-clotting incidents, did more damage to the C19 vaccine cause than anything said by 12, TWELVE!, YouTubers who are now being banned. US vaccinations per million of population peaked around April 13th when J&J was paused, BY THE CDC!, and rapidly declined, never to recover, marking the height of enthusiasm for the shots.

Look in the mirror you WARP SPEED fools.

 


 

 

Wednesday, August 25, 2021

Laugh of the Day: Peter Meijer, MI-03, the Republican version of drama queen AOC, pulls stunt and flies into Kabul

Peter Meijer, billionaire scion, West Point drop out, & leader of an aimless, mediocre life, is a drama queen who desperately wants to cover himself with the patina of the brave soldier in extreme circumstances one last time before it's all over. Just like Jan 6.


 

Monday, July 26, 2021

You idiots who attend the Vaccine Church have just helped mint 9 new pharma-billionaires

Pandemic sweeps the nation.

Fascist America under Trump mobilizes pharmaceutical industry to rush vaccines into development, investing billions of dollars in the efforts.

Industry resurrects a discredited drug delivery mechanism and calls it a vaccine. Smelling $$$, it prepares for mass vaccination but doesn't run trials proportionate to that effort, and then cuts off the placebo arm prematurely, making a complete hash of it.

Government gives Emergency Use Authorization, not FDA Approval, to permit these corporations to experiment on the US population during an "emergency".

The corporations, and the government, are exempted from liability.

A fearful population whipped into a hysteria by propaganda paid for with borrowed dollars lines up like sheep to take the vaccine under a new administration but the same old fascism.

Presto! 9 new billionaires:

The 9 new vaccine billionaires, in order of their net worth are: 

  1. Stéphane Bancel, Moderna’s CEO (worth $4.3 billion)
  2. Ugur Sahin, CEO and co-founder of BioNTech (worth $4 billion)
  3. Timothy Springer, an immunologist and founding investor of Moderna (worth $2.2bn)
  4. Noubar Afeyan, Moderna’s Chairman (worth $1.9 billion)
  5. Juan Lopez-Belmonte, Chairman of ROVI, a company with a deal to manufacture and package the Moderna vaccine (worth $1.8 billion)
  6. Robert Langer, a scientist and founding investor in Moderna (worth $1.6 billion)
  7. Zhu Tao, co-founder and chief scientific officer at CanSino Biologics (worth $1.3 billion)
  8. Qiu Dongxu, co-founder and senior vice president at CanSino Biologics (worth $1.2)
  9. Mao Huihua, also co-founder and senior vice president at CanSino Biologics (worth $1 billion)



The 8 vaccine billionaires who saw their wealth increase are:
Name Role/description $ billions 2021 $ billions 2020
Jiang Rensheng & family Chair, Zhifei Biological products $ 24.40 $ 7.60
Cyrus Poonawalla Founder, Serum Institute of India $ 12.70 $ 8.20
Tse Ping Sinopharm $ 8.90 $ 7.30
Wu Guanjiang Co-founder, Zhifei Biological products $ 5.10 $ 1.80
Thomas Struengmann & family Portfolio includes Germany's BioNTech and Uruguay's Mega Pharma $ 11.00 $ 9.60
Andreas Struengmann & family Portfolio includes Germany's BioNTech and Uruguay's Mega Pharma $ 11.00 $ 9.60
Pankaj Patel Controls listed company Cadila Healthcare. The company now manufactures drugs to treat Covid-19 such as Remdesivir from Gilead. Its Covid-19 vaccine, ZyCoV-D, is undergoing clinical trials. $ 5.00 $ 2.90
Patrick Soon-ShiongImmunityBio - selected for the US federal government's "Operation Warp Speed" to help quickly develop a Covid-19 vaccine.$ 7.50$ 6.40






























Wednesday, May 26, 2021

That lunatic billionaire Ronald Unz not only thinks America developed COVID-19 as a bioweapon, but released it in Wuhan

 


 He also believes the China data:

(6) Unfortunately for these plans, the Chinese government reacted with astonishing determination and effectiveness, and soon stamped out the disease. Meanwhile, the lackadaisical and incompetent American government largely ignored the problem, only reacting after the massive outbreak in Northern Italy had gotten media attention. Since the CDC had botched production of a testing kit, we had no means of recognizing that the disease was already spreading in our country, and the result was massive damage to America’s economy and society. In effect, America suffered exactly the fate that had originally been intended for its Chinese rival.

Sunday, May 9, 2021

Good a day as any to remember that Alan Greenspan in 2007 explicitly advocated for immigration to suppress the wages of skilled laborers

Greenspan: Let more skilled immigrants in :

"Our skilled wages are higher than anywhere in the world," he said. "If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income."

Yeah, the problem isn't millionaires and billionaires concentrating wealth in their hands, it's the goddamn skilled laborers who must be stopped, the engineers, scientists, doctors and teachers, the crane operators, CDL truck drivers, machinists, drafters, plumbers, craftsmen, cooks and accountants.

 

Tuesday, July 21, 2020

Somebody's pretty worried Peter Meijer needs help to win in MI-3 over Lynn Afendoulis

Fix Congress Now!, 1580 Lincoln Street, Suite 520, Denver, CO 80203, has sent a mailer to Michigan voters claiming Lynn Afendoulis got rich as an executive of a company which laid off Michigan workers, apparently in 2011. Or was it 2008?

It says "Michigan got screwed by Lynn Afendoulis".

Quite the hatchet job. I'm sure as an executive she made all those decisions to fire the workers and to enrich herself, herself, right?

Anyway, GREAT BIG SCREW on the cover drilling down into Grand Rapids. Unflattering photo of Lynn on the other side. Classic low brow stuff.

Billionaire kid Peter Meijer, who has nothing to do with this whatsoever, no, no way, needs this kind of help to get elected?

Just my opinion, but the guy's not much of a muchness. Otherwise we wouldn't be seeing this. Seems like kind of an admission that his unimpressive record in life so far is just that.

But, he's just the sort of person who will fit right in up there in DC, yes sir!

Nice to know someone in Colorado is working so hard to interfere in Michigan's primary election and elect Peter Meijer.


Thursday, February 20, 2020

Sunday, February 17, 2019

Peggy Noonan is blind about conservatism

Republicans Need to Save Capitalism:

I’ll go whole hog here. We need a cleaned-up capitalism, not a weary, sighing, acceptance-of-man’s-fallen-nature capitalism.

Weary sighing acceptance? Try the eager jubilant over being given free reign to exploit man's fallen nature capitalism.

Reagan "conservatives" preached that the Reagan tax cuts and free-trade would usher in a period of investment at home, in a word, that if you just let people have more of their own money they'd know what to do with it and they would do the right thing.

They didn't.

"Conservatives" exported our jobs and invested abroad, creating middle classes in poor countries where there were none before, at the expense of the middle class at home. They drove the opening to China, enriched it and created a monster which now robs us blind and threatens world peace. The libertarians have sold China the rope the communists hope to hang us with.

If Republicans and conservatives had properly understood human nature they wouldn't have made this mistake. The doctrinaire among them showed themselves to be liberals, not conservatives, possessed of a foolish optimism based on the idea that people are basically good. They are not. People do what's best for number one, as they always have. Screw thy neighbor, and thy country if necessary. Are we not a nation of immigrants?

Only conservatism with its roots in the transcendent moral order has been able to curb this false individualism and mistaken enthusiasm. Both were routinely attacked in church in former days, but nobody seems to go there anymore, and when they do go the preacher turns out to have joined the wrong side.

The "conservative" rubes out there still believe this stupid myth of libertarianism, while the billionaire class of both parties which got rich off it only hopes they continue to do so.

They care about nothing but themselves and their right to privacy, the penumbra of our collective deviancy.