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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (36771)	7/31/2003 11:03:26 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

>>You are capitalism's weak link.<< Huh?! I thought it was me. But then, yet again, maybe there's more than just one... Just imagine a billion of (Chinese? Kaukasian?) middle-of-the-road no-Howard-Roarkes-please room-for-everybody weak links. Makes your blood freeze...

To: AC Flyer who wrote (36771)	7/31/2003 2:21:56 PM
From: Seeker of Truth	Read Replies (3) \| Respond to of 74559

I can think of two billionaires who are worthy of respect. One is Warren Buffett. If everybody followed his way, losses in the stock market would be far fewer and many persons would have to choose more productive careers than deceiving shareholders. Another is Bill Gates. Before him there was a tower of Babel in the world of computer languages and programs for individual personal use. He introduced windows and the Babel disappeared. Those who produce software for individuals can do so using the Microsoft programming tools and adjuncts. He made an industry. Coincidentally, both of them intend to leave the bulk of their vast estates to charity. These two are outnumbered among the billionaires by large scale parasites who promote wars, and limit education. The US is so undereducated that they can't even absorb the metric system. There's not enough money for primary and secondary education but there's plenty of leeway to lower taxes, mainly for the rich. There are a few great universities but they were basically financed privately by people of the sort of Buffett and Gates, who are way outnumbered by the rich who think public education is a waste because they have to pay some taxes to support it. As a result of this undereducation the U.S. consumer has, by and large, no future sense. So they spend themselves into debt, which is a big current problem in the US, more so than in any other country. In the 30's the super-rich of all the "West" found a hero who would at last crush Communism. They backed him for a long while until he suddenly signed a pact with the devil, the USSR, and they began to realize that they had been tricked. He was simply out to enlarge his own power, not to help protect them from Communism. He was so inflated by his own power that he declared war on the US, forcing that country into war against him, which he lost. But what manner of people started his career and advanced it? What today, because of inflation, we call the "billionaires". That kind of thing is why we should restrict the power of any one to become a billionaire.