General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow to become morbidly wealthy in America
Let's also be honest about how the super wealthy got where they are. There are many maneuvers, loopholes, and schemes that create immense wealth. What are they - I will start:
Create a holding company that buys up midsize manufacturers in the US and ships the jobs to China and other countries while maintaining a US presence through its computer system. Lost jobs
Create a private equity firm that buys companies and runs them into bankruptcy by taking all taking the cash, selling off assets, and charging the company enormous fees. Lost jobs
Buying up real estate and houses to jack up the prices for sale and rentals so housing becomes unaffordable for more people. More people without homes to live in
There are more and we are expected to subsidize them as well. I wish all politicians were not so afraid to offend these predatory leeches.
rsdsharp
(11,642 posts)KT2000
(21,868 posts)rsdsharp
(11,642 posts)Ive probably got 50% of the edit, too.
ColoringFool
(147 posts)KT2000
(21,868 posts)because I was picking up on Tom Hartmann's phrase from a few days ago. Just as a morbidly obese person is slowly killing themselves, the morbidly wealthy are killing their prey and ultimately devouring what made them wealthy in the first place.
Redleg
(6,802 posts)Step 2: Become a college football or basket coach instead.
Xavier Breath
(6,342 posts)Enjoy your unearned, tens-of-millions in retirement. Damn, what a plan
Redleg
(6,802 posts)I should include university presidents and higher-level administrators among those who seem to be over-paid.
harumph
(3,045 posts)Midnight Writer
(25,066 posts)These ignorant "businesspeople" seem intent on destroying the systems, the norms, the environment that made them rich in the first place.
Redleg
(6,802 posts)F@ck You, I Got MIne
AStern
(625 posts)Imagine that!