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Selatius

(20,441 posts)

7. You become a billionaire by being ruthless to competitors and your own workforce.

Reply to kentuck (Original post)

Wed Apr 25, 2012, 05:59 PM

Apr 2012

Ask the Walton family about that score. Several members of their family are billionaires. When you read the papers, you're more likely to hear about the profits of Walmart stores vs. a company like Costco, which is actually union-friendly. They may not be run by billionaires and may not be as cutthroat, but they at least afford their own workers some level of human dignity.

The other way to become a billionaire is to become a real good speculator.

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"There's nothing wrong with making money in America..." [View all] kentuck Apr 2012 OP

you mean make money in... krispos42 Apr 2012 #1

Yes, I do have an idea... kentuck Apr 2012 #3

10 billion profits in the first quarter...10 billion rustydog Apr 2012 #14

If I was hording $10 million worth of rifle ammunition... krispos42 Apr 2012 #16

Honor� de Balzac, and I've yet to find an exception. n/t Egalitarian Thug Apr 2012 #17

I believe that was the French novelist Honore de Balzac in "Le Pere Goriot". Those coalition_unwilling Apr 2012 #29

That's just what the Mafia says. hifiguy Apr 2012 #2

True. JDPriestly Apr 2012 #9

So, Rmoney, the church elder, believes there is no morality to wealth or it's acquisition. Gold Metal Flake Apr 2012 #4

I am not sure how the prosperity gospel and Mormonism fit together quaker bill Apr 2012 #20

Well said. n/t cynatnite Apr 2012 #5

There's a wing-nut meme going around Surya Gayatri Apr 2012 #6

FDR and JFK inherited their wealth. JDPriestly Apr 2012 #10

You become a billionaire by being ruthless to competitors and your own workforce. Selatius Apr 2012 #7

I would add that there is something wrong with becoming wealthy JDPriestly Apr 2012 #8

Oh, sorry, thought this was an Al Capone thread... n/t jtuck004 Apr 2012 #11

My more conservative friends sometimes ask "how rich would you let someone be if you were king?" Recursion Apr 2012 #12

But there's all kinds of wrong with the way Mittens made his money. AtomicKitten Apr 2012 #13

but, how does one make money? fascisthunter Apr 2012 #15

How does this work in practice? dkf Apr 2012 #18

I think you may have missed the OPs point onethatcares Apr 2012 #19

Their salaries will be decent enough in time. dkf Apr 2012 #22

No they won't . . . and that's kind of the point. You also didn't answer the question. HughBeaumont Apr 2012 #24

will that be when onethatcares Apr 2012 #27

When I was running a business quaker bill Apr 2012 #21

I on the other hand heard of a business owner who took the employees retirement money dkf Apr 2012 #23

I left the business quaker bill Apr 2012 #30

There is nothing wrong with making money but a lot wrong libtodeath Apr 2012 #25

Drug dealers, pimps and bootleggers, all potential 1%ers. Remmah2 Apr 2012 #26

mitt is a wannabe don onethatcares Apr 2012 #28