The billionaires never say, Raise taxes now or face an economic heart attack

 

The word "tax" appears nowhere in this story.

Ray Dalio is worth $19 billion.

 

Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’

 

“Make sure that you really know what you’re doing and you’re practical, and do it on … the conservative side, because you know, how much can the cutting actually be?”

 

Toddler billionaire throws tantrum, strips critics of paltry incomes earned on X in bid to shrink platform to his size

 

Elon Musk Defends Stripping Critics of Monetization Amid Free Speech U-Turn

Musk continued to receive even more backlash after he doubled down on his stance, endorsing a post which suggested Americans were too “retarded” to be hired for skilled positions and warning his critics in an expletive-laden rant.

 

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."

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.

 

Billionaire Mark Cuban is what Moe would call a very intelligent imbecile

 

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.

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.

Bridgewater billionaire with a firm grasp of the obvious, for those without

 

Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bonds

Billionaire says Florida too expensive for him

 THIEL: Moving to Florida from Silicon Valley Now Too Expensive...

Noted billionaire real estate investor predicts Weimar Republic hyperinflation if Fed continues to raise interest rates, LOL

 

Herr Sternlicht thinks you are a Dummkopf.

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.

 

 

 

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.

 

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-Shiong ImmunityBio - selected for the US federal government's "Operation Warp Speed" to help quickly develop a Covid-19 vaccine. $ 7.50 $ 6.40

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.

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.

 

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.

The best thing about Bloomberg's debate appearance is the highly edited cringe video of it he produced but which everyone he trolled with it is calling fake

Video.

How easily Bloomberg has skewered the liberal fundamentalists, which is why he's the billionaire.

This is the same kind of rhetoric which caused a Bernie supporter to shoot Congressman Scalise, but no one even tries to stop Bernie

H. Ross Perot is Texas dead, age 89

Ross Perot, self-made billionaire, patriot and philanthropist, dies at 89

God help us: Biden doesn't know when to use "is" vs. "are" and leftwing authority Jacobin acquiesces to an undercount of US billionaires by 26%

It's always the same old story. Reading, writing and arithmetic.