Should the rich be happy or afraid right now?

[OddBeMe]

It's confusing because there's never been a more billionaire-friendly president elected.

But also... the bipolar public is laughing in glee at one of them being murdered.

Rich should be happy

They should be afraid

Other

[lightbulb27]

many were already concerned and left the country long ago as well as nyc. Note Goldman sachs, Trump, parts of Chase bank... moving to Florida. The many that left california to texas and Idaho as examples. the direction of USA was clear before. it's only been delayed due to massive $ printing.

all social chaos in the past was due to impalances of fairness and distribution. in some cases, people used guillotines, others had whole families shot (Russia), etc..

then again, John Lennon was shot dead in NYC... were people pissed off about his music?

Are we overblowing this particular assasination? well find out.

[OddBeMe]

Florida doesn't have a stock exchange. That's stupid

[lightbulb27]

it's that bad!

[msc545]

People who abuse and cheat others in need of healthcare that they paid for should be very worried about a violent response to their behavior which has now to some degree become normalized.

It is of course very illegal, but that may be insufficient to deter the very angry victims of insurance fraud, since legal methods of remedying insurance fraud are usually impractical, unaffordable, and ineffective in our legal system as it functions today.

[OddBeMe]

Amd financial fraud? Business fraud? Like what trump committed?

[msc545]

I think in American society that is more normalized and there is less likely to be a violent response from people who aren't directly victims. From people who are victims it certainly is possible.

[msc545]

After all, our economic system is capitalism and capitalism itself is a fraud. People seem to accept it and even extol it.

[Anonymous]

The billionaire pick kamala lost but the wealthy should be afraid when people have nothing left to lose. We have laws in this country but when it's perfectly legal to committ crime such as stealing people's pension that they paid for, denying healthcare that people paid for, taking someone's home, taking someone's livelihood and so on... why should people obey laws? Why wouldn't they take justice into their own hands?

[OddBeMe]

How is that the billionaire pick? Trump supposedly is one and his cabinet is all billionaires.

[Opinion Owner]

There's a few billionaires but it was really telling how many billionaires supported kamala.

[goaded]

Only the ones saying they should pay more in taxes.

[Opinion Owner]

@goaded yeah biden/kamala have been running the show for 4 years. I'm sure a guy like David Blitzer of Blackstone who's company has been indicated for breaking child labor laws in the US, that's cutting down the amazon rain forest, that during the finacial crisis evicted people from their homes, bought up all the homes, raised rents, opposed rent control bills. Yes I'm sure a big wallstreet guy like that who backed kamala really wants to pay more taxes. Thats litteraly one big kamala donner i picked at random, im sure if i went through them all i would see a list of vile scum and villainy.

[goaded]

And you think he donated to Harris? Why?

[Opinion Owner]

@goaded www.forbes.com/.../
Let's hear you defend him as a saint

[goaded]

Why would I? How many of them do you think would have been made part of the Harris administration? (If you guessed none, you probably wouldn't be far wrong. Trump's nominated 14.)

"A letter signed by more than a dozen billionaires last month endorsing Harris explained their belief Harris “will continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment,”"

"The following 36 billionaires made between $50,000 and $999,999 in donations to groups supporting Harris through August, according to Forbes’ analysis of FEC data:

David Blitzer (Blackstone)"

www.forbes.com/.../

[Opinion Owner]

@goaded they donated for a reason, deals that benefit them.

[goaded]

Yeah, "fair and predictable policies that support the rule of law, stability, and a sound business environment" benefit everyone.

[Opinion Owner]

@goaded nah. It's called making deals. Probably to get the UN off their backs.
"United Nations housing rapporteur Leilani Farha and UN Working Group on Business and Human Rights chair Surya Deva criticized Blackstone's business practices, including frequent rent increases and "aggressive" evictions, for contributing to the global housing crisis. "

[goaded]

And you think Republicans might do something about that?

[OddBeMe]

I love you trumpers think billionaires are all different.

[Opinion Owner]

@goaded you guys still don't get why kamala lost.

[OddBeMe]

Oh no. You don't get why trump won. Racism.
https://youtu.be/CnxY7hars8I

[Opinion Owner]

Yes. That's why all those black men, Asians and Hispanics voted for him. We are all sick of the Democrats race baiting.
https://youtu.be/0cUQqPxw3hc?si=2P52UXv2ftWn-CmX

[douride2]

I'm thinking they should be a little afraid.

[OddBeMe]

Why? We voted them into the executive branch

[goaded]

Wouldn't it be ironic if Trump united the country in a desire to lynch people like him?

(Just the desire, not the act; electing better politicians who will really repeat the lessons of the New Deal is the way to go.)

[OddBeMe]

Let's not increase the desire to kill...

[goaded]

I'm hoping to increase the desire for universal health care.

[OddBeMe]

Let's not immediately need Healthcare outta the gate

[DrPepper12]

They DGAF behind their gated community lifestyle where they don't have to mix it up with "those people".

[Anonymous]

leftists billionaires like Oprah, LeBron, Taylor Swift, Mark Cuban and many more on the Epstein and Diddy lists are shitting their pants right now

[Anonymous]

There are 2 driving forces of monopoly in the world, knowledge and goverment. These are the only means by which the "rich" have an advantage over everyone else.

[goaded]

Well, that and not having to worry about feeding or housing themselves and family.

And better education.

And being more likely to be approved for a loan to start a business.

Oh, and there are natural monopolies, like water, sewerage, and power.

[Opinion Owner]

@goaded Education is knowledge and being approved for a loan is a combination of knowlage and goverment.

There are no natural monopolizes beyond land right of access which is the foundation upon which water, sewerage, and to a lesser degree power is localy monopolized.

[goaded]

No, it's not, and they're obviously not "the only means", there's also the one you conveniently ignored.

There are natural monopolies when there's a very high cost of entry. Once someone's laid pipes, cables, etc. they can undercut any newcomer with ease. At least until a new technology comes along (which is unlikely to happen with water and waste).

www.investopedia.com/terms/n/natural_monopoly.asp

[Opinion Owner]

@goaded A very high cost to entry does not by itself make you a natural monopoly as it is always possible for someone else to pay the same, as such it simply discourages competition. Right of way access is the reason local unities are monopolies.
Even that can be broken as the phone and cable company were, and increasingly power utilities are with more local generation like solar. Water is already broken by people having their own well as is sewage via septic tanks.
The only thing those solutions lack is right of way access to run their own pipes.

[goaded]

It's literally an economics 101 term and its definition.

[goaded]

You also ignored "not having to worry about feeding or housing themselves and family." Again.

[Opinion Owner]

People who call themselfs economist are regularly wrong a lot. @goaded Just because someone claims to be an economist doesn't mean their indention makes sense. In this case they have already been proven wrong by the actual competition that did emerge in such "natural monopolies" industries.

Also high start up cost isn't strictly speaking a an incorrect answer either if you accept the "cost" of overcoming goverment right of way as part of that cost.

[goaded]

Sure. How many water companies can you get water from where you live.

[Opinion Owner]

Why @goaded would you think that information is important when I already stated that water monopoly in practice is goverment cause by way of restricted right of way and access to the underground aquifer.

[Juxtapose]

Most CEOs should feel fine. If you think you're cute by indirectly killing people by denying them critical healthcare? Then don't be surprised when there's a big fucking target on you.

[Anonymous]

I would be afraid. They are about to be embarrassed on a full Washington scale.

[exitseven]

the rich should be happy and just hire security.