Quote (Plaguefear @ May 25 2023 01:38pm)
There is one lotto billionaire that has ever existed, he has only been one for a few months so I guess we will see.
The rest are scum.
You forgot to add "in my biased opinion".
Quote (RedFromWinter @ May 25 2023 01:31pm)
I agree with your points on general rich, but billionaire and rich are vastly differing behemoths. Billionaire class has legions of financial firms ensuring their net worth remains same and grows. Endless funds for lobby's and politicians for forever favorable treatment. Their real estate is preferential treated in regards to tax, some even considered church status on owned properties. Internships only available to the elites among these circles. They apply their philanthropic vision onto the lower classes.The best do this in secret and under guise of tax church status. When they are found out, they have plenty of money to squash the stories.
It's certainly true for some of them, but not all. Normal people use accountants to accomplish same goals. You and I and Warren buffet are subject to same tax laws. Buffet is just smarter, has more accountants and uses more creative ways to pay less. I don't hate the guy because of it. I simply learn from them and apply their methods and then reap the rewards. It's how the game was designed to be played. You don't show up to a football match with your 2 friends and your little brother then say well it's not fair how the opposition has more players and how they are all professional athletes.
I do think certain tax laws are just bad in general but not because I want to bring down successful people to my level. I aspire to to have millions/blllions of dollars myself I don't want to destroy those bridges. Big incentives generate big developments. I do think usuary, compounding interest and fed printing infinite amount of money are detrimental however and require major changes. But that is a law makers job to change those things. They are closer to the root cause than pointing fingers at some billionaire.