General Discussion

rfranklin

(13,200 posts)

2. Except that the people who perform the services at the events are paid minimum wage...

Sat Jan 14, 2012, 11:41 AM

Jan 2012

while the owners of the venue make all the profit.

The other problem is that for most of these people, this is a drop in the bucket. Most of their money goes into "investments" that again do no good for most people. For instance, the price of oil has been driven up by barrels of money looking for big returns. Drives the price of oil up, up, up which hurts most people in terms of filling the gas tank and heating the home.

The solution is a living wage for everyone. Suddenly there would be ample tax revenues and a thriving economy.

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Here's my alternative view on giga Billionaire outrageous spending sprees [View all] Zalatix Jan 2012 OP

The starving 99% should be happy fighting over table scrapes left by gluttons. baldguy Jan 2012 #1

Would you rather they spend the money outside the country with trips to Acapulco? Zalatix Jan 2012 #5

Billionaires are not required for the American economy to function; workers are. baldguy Jan 2012 #11

Nicely said. Zoeisright Jan 2012 #35

But since billionaires do exist, they might as well spend their cash rather than hoard it Zalatix Jan 2012 #42

Seems to me that yours is the attitude of a slave looking to preserve his slavery baldguy Jan 2012 #47

Except that the people who perform the services at the events are paid minimum wage... rfranklin Jan 2012 #2

Investments in oil mostly go outside the country. Zalatix Jan 2012 #6

Why we could be their servants and nannies and gardeners and butlers!!! lunatica Jan 2012 #3

You left out butt wipers. hobbit709 Jan 2012 #4

seriously. and earning minimum wage for this.. Voice for Peace Jan 2012 #12

That is until they eliminate minimum wage too lunatica Jan 2012 #20

I did mention nannies, but maybe some grownups can hire their own personal nannies too. lunatica Jan 2012 #18

oh they definitely do barbtries Jan 2012 #50

Or ball washers, per Lewis Black's bit. Initech Jan 2012 #51

Billionaires don't create much employment from their lifestyles Joe Shlabotnik Jan 2012 #7

True. But as I said before, isn't it better for them to spend their money here than to.. Zalatix Jan 2012 #8

but apparently most DO hoard their money. Voice for Peace Jan 2012 #15

Yes, my point is that spending it is better than hoarding it, and spending it in the USA is best. Zalatix Jan 2012 #17

depends entirely how they spend it. Voice for Peace Jan 2012 #16

Ah yes, that old canard about "job creaters". MadHound Jan 2012 #9

Okay so you'd rather the rich spend the money elsewhere, or just hoard it. Gotcha. Zalatix Jan 2012 #14

Did you even read what I wrote? MadHound Jan 2012 #22

And don't ever, ever stick words in my mouth either. Zalatix Jan 2012 #23

Oh puhleeze Vulcan, MadHound Jan 2012 #26

Denial isn't a river in Egypt. And I'm not the one swearing here. Zalatix Jan 2012 #27

I just love noob's MadHound Jan 2012 #30

You picked the fight, not me. Now you're all butthurt. See ya! Zalatix Jan 2012 #32

I don't begrudge anyone the enjoyment of their wealth. dawg Jan 2012 #10

Well said PragmaticLiberal Jan 2012 #13

I agree. I don't see the problem with big weddings and lavish parties - it pays someone's salary. Edweird Jan 2012 #19

Yes, and tax capital gains a LOT more. That's a big one. Zalatix Jan 2012 #21

So If I steal from you then buy things from you with that money, we're cool right? (nt) The Straight Story Jan 2012 #24

Where did I imply that? Zalatix Jan 2012 #25

Kind of from: The Straight Story Jan 2012 #28

Theft and fraud are illegal and need to be prosecuted fanatically. Where did I say otherwise? Zalatix Jan 2012 #31

Sure. But so what? Morning Dew Jan 2012 #29

Look, the world needs less billionaires, that's true Zalatix Jan 2012 #34

No. Trickle down economics doesn't work; why we're in this mess. Avalux Jan 2012 #33

So what are we to do? Not be happy when someone who HAS money, spends it here? Zalatix Jan 2012 #36

What are you talking about? Avalux Jan 2012 #44

Well, ProSense Jan 2012 #37

Actually I'd like to see laws that tax people who hoard billions Zalatix Jan 2012 #38

Well, ProSense Jan 2012 #40

How? Zalatix Jan 2012 #43

Hmmm? ProSense Jan 2012 #46

That sticky wetness you feel? Fumesucker Jan 2012 #39

Not really. JackRiddler Jan 2012 #41

Hard prison time for all the scams. And I have one more idea, too. How's this one work? Zalatix Jan 2012 #45

if they did that, there wouldn't be as *much* of a problem. thing is, they don't. dionysus Jan 2012 #48

Hoarding should be stopped. Offshore hoarding should be punishable by imprisonment and Zalatix Jan 2012 #49