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Orchids

(2 posts)

39. you mentioned golf

Wed Jan 28, 2015, 05:58 AM

Jan 2015

You said golf and it brought to mind something I saw a while back.

"Warren Buffett's wealth increased by $427 every 1.2 seconds. That's the average time it takes for Tiger Woods to start and finish his swing."

The numbers used where I originally read this came from 2013 and the fact that his wealth increased a reported 12.7 billion in that year. Can't say how accurate those numbers are but yea.

I did some google surfing and found something else interesting. If you take 5% from warren buffetts 2013 income you come up with $635,000,000.
According to:
http://www.topmoneymake.com/10-most-richest-golfer-in-2014/
Arnold Palmer, the richest golfer of all time, has a net worth of $675 million. That means that extra 5% per year from the second richest man in the world can almost completely cover the cost of a famous golf players entire career. So apparently winning A LOT at golf for an entire life time can actually financially compare to losing 5% in ONE year.

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Do you know what happens to a wealthy person after you raise their taxes by 5%? [View all] demmiblue Jan 2015 OP

Yep. Every corporatist word game surrounding tax rates obscures the fact that the people at the GoneFishin Jan 2015 #1

Actually, ... 1StrongBlackMan Jan 2015 #20

Yes - and you are making the correct distinction between wealth and income erronis Jan 2015 #25

"Shaquille O'Neill is rich. Brigid Jan 2015 #27

Yep ... 1StrongBlackMan Jan 2015 #33

you mentioned golf Orchids Jan 2015 #39

Welcome to DU. longship Jan 2015 #40

Yep. hunter Jan 2015 #2

Or we could throw them in prison for life because they are unrehabilitable criminals Dont call me Shirley Jan 2015 #11

Something like that... IthinkThereforeIAM Jan 2015 #16

Adore Thom. I've heard this most excellent rant many a time. Thanks for the refresher. Dont call me Shirley Jan 2015 #24

Were I declared Imperial Grand Poobah tomorrow. hifiguy Jan 2015 #29

I thought the answer was... 3catwoman3 Jan 2015 #3

exactly niyad Jan 2015 #4

Go right ahead...you won't get an objection from me brooklynite Jan 2015 #5

in the 60s, one week, irisblue Jan 2015 #6

Displayers of the United We Stand bumper stickers... Orsino Jan 2015 #8

And those with the cheap-ass made-in-China car magnets that say "Support Our Troops" calimary Jan 2015 #9

My father did much the same for our family when my mother was in the hospital malthaussen Jan 2015 #12

They're still rich, if the heart attack doesn't kill them. n/t Orsino Jan 2015 #7

meh shanti Jan 2015 #22

If the inheritance tax were 95% on an estate worth $30 billion, jamesatemple Jan 2015 #10

It's not govt's job to reward capitalists for a job well done. Beartracks Jan 2015 #13

+1 erronis Jan 2015 #26

Damn well said BrotherIvan Jan 2015 #32

They stop creating jobs? oberliner Jan 2015 #14

There are people who claim it's all a pipe dream to tax the rich to solve ANYTHING.... Spitfire of ATJ Jan 2015 #15

But they could slip... Helen Borg Jan 2015 #17

Make no mistake about it; Veilex Jan 2015 #18

They'll just find another loophole to exploit? Xyzse Jan 2015 #19

Yes, the poor house. zappaman Jan 2015 #21

But, but Jakes Progress Jan 2015 #23

Every little bit helps, I know, but we need increases for more than only the .001% or whatever the merrily Jan 2015 #28

We have a bunch of heartless rich mo'fo's in this country madokie Jan 2015 #30

its not about money TimeToEvolve Jan 2015 #31

Try this. When a Republican asks you how Mr.Bill Jan 2015 #34

2 Corporate Parties. 1 is indifferent to the 99%, and 1 is psychopathic to the 99%. blkmusclmachine Jan 2015 #35

Well stated! MannyGoldstein Jan 2015 #41

Nothing. As I hear it, they don't pay taxes hughee99 Jan 2015 #36

It just is not fair to use math on Republicans. gordianot Jan 2015 #37

K&R ReRe Jan 2015 #38