BELIEVE IT OR NOT .. NORWAY HAS FOLKS WITH MEGA WEALTH In a world with really welathy folks, Paul Allen and his 100 meter long Octopussy is a mere tender to really great yachts. Now the Emirates’ sheik owned Azzam’s six-year reign as the world’s largest superyacht is coming to an end. S[...]
Posts Tagged ‘wealthism’
With the recent increased minimum Amazon wage to $15/hr, Jeff Bezos only earns 2.33 times as much as an average Amazon employee.
The amount Amazon (AMZN) pays to keep its master is just $81,840 in salary plus $1.6 million in security-related services. The salary is not much and even the security would not pay for a weekend of golf by Prez Trump! Not only is $81,840 modest, Amazon says Jeff has never received any stock-b[...]
March 15th, 2020 - 6:34 pm § in Misc.
Trump’s Magical Thinking
When Obama’s economists (from Goldman and Harvard) said that something under 3% was the maximum SUSTAINABLE increase per year in GDP, Trump and his “economists” (mainly from Fox News) said nope. We could cut taxes AND pay for the rise in spending by sustained growth of 4 to 5%. So [...]
February 7th, 2020 - 1:02 am § in The Ave Scene
DeadPaul to refurb Cinerama
Deadpaul, in the persona of his trust, is going to close and refurbish Mr. Allen’s Cinerama. The supersize screen on the corner of Fourth Avenue and Lenora Street downtown, will go dark, while new carpet, some paint and other fixes and a kitchen overhaul so Deadpaul can sell better food. I kin[...]
November 25th, 2019 - 1:00 am § in Donald Trump, Economics
TRUMPONOMICS 101: HOW TO REDUCE YOUR TAXES TO ZERO
THE TRICK: GET PAID IN STOCK OR STOCK OPTIONS So being wealthy means being able to buy what you want? OK, so what if you could accumulate wealth and never pay a tax on that wealth? The Trick is easy .. as long as you never turn your wealth into cash, Uncle Sam collects no […][...]
October 16th, 2019 - 1:23 am § in Economics, The Ave Scene
MEDINA GOING BROKE WHILE SEATTLE CANNOT PAY FOR THE HOMELESS
Last Saturday I attended a talk about the costs of dealing with Seattle’s homeless. I learned that the rest of King County pays almost nothing to deal with this while bragging that they, the folks in those communities, have no homeless problem. Then I read about the problems facing Medina.[...]
April 15th, 2019 - 1:44 am § in America
We Need a Wealth Tax
I am not all that interested in a progressive income tax. For one thing “income” is very easy for the rich to hide. For example, money earned as stock options may never be taxed until they are exercised but it can be used to take loans at low rates .. and the interest on those [&hellip[...]
March 5th, 2019 - 9:20 am § in The Ave Scene
How Much Taxes Has Bill Gates Paid?
I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Ask Me Anything. Vox just published a roundup of questions and answers from a REDDIT session hosted by Bill Gates. Here is an abstract of parts of the Vox Roundup I felt were most interesting: Bill Gates: “If you’re won[...]
January 11th, 2019 - 10:25 pm § in Politics
A Cuban View of America
The United States is an oligarchy, not a democracy The country that presents itself as a universal model of democracy does not meet the basic standards of a system in which the majority makes decisions[...]
November 9th, 2018 - 4:27 pm § in The Ave Scene
Immortality
CLICK ON PAUL Paul Allen’s will places most of his wealth in a trust … he is now an immortal. The trust can live on forever — tax free, no need for healthcare, education or any other costs of mortality. PRAISE THE GREAT LORD WHO WELCOMES PAUL TO THE ETERNAL LIFE![...]