Posts Tagged ‘billionaire’

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Alexandria Ocasio-Cortez: Skimmed

Posted by admin on Monday, March 11, 2019

Alexandria Ocasio-Cortez Money Quote saying most wages are set based on employees least objectionable rate they can justify and remaining value is skimmed for corporate owners. Alexandria Ocasio-Cortez said:
 
We’re paid on how little we’re desperate enough to accept. And then the rest is skimmed off and given to a billionaire Quote
 

“We’re paid on how little we’re desperate enough to accept. And then the rest is skimmed off and given to a billionaire” — Alexandria Ocasio-Cortez

 

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In this quote, Alexandria Ocasio-Cortez seems to be criticizing how some workers’ wages are determined in the current economic system. Some key points:

  • She suggests that for many jobs, pay is set based on how little compensation employees are willing to accept out of desperation or need, rather than being a fair livable wage.
  • Once that minimum salary is established, AOC says the profits generated from workers’ labor beyond that amount are then “skimmed off” and disproportionately funneled to wealthy executives and shareholders, especially billionaires.
  • This implies that hard work is not adequately rewarded and an inequitable distribution of wealth occurs where those at the top attain vast fortunes while frontline employees struggle on low salaries.

Overall, the quote portrays AOC’s view that some business practices exploit workers by paying only as much as they can get away with under the circumstances, then reaping huge profits derived from others’ toil to enormously enrich those at the very top of companies. She sees this as an unfair system that does not properly value ordinary laborerscontributions and efforts.

Winnie Byanyima: Billionaire Boom Economy

Posted by admin on Thursday, May 10, 2018

Winnie Byanyima Money Quote saying an economic system that moves the bulk of the wealth to the top is not functioning properly and means trouble. Winnie Byanyima said:
 

the billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system Quote
 

“The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system” — Winnie Byanyima

 

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In this quote, Winnie Byanyima is criticizing the notion that a rise in the number of billionaires is indicative of strong economic performance overall. She argues that the proliferation of extreme wealth concentrated among a few individuals is actually a symptom of dysfunction, not health, in the broader economic system.

Byanyima’s point is that for a small number of people to accumulate vast fortunes while many others struggle, it means the system has flaws that allow inequitable distribution of resources and opportunity. She implies a thriving economy should provide widespread prosperity, not just for billionaires but for the majority.

So the quote frames the “billionaire boom” as a sign that current policies and institutions have failed to establish fair wages, social protections, and rules that benefit society as a whole, not just the very wealthiest.

Luis Gutierrez: Billionaire Opponents

Posted by admin on Wednesday, May 3, 2017

Rep. Luis Gutiérrez (D-Ill.) Money Quote saying that the Trump administration is filled with billionaire women hating, anti-science, racist cabinet members and staffers, so they’ve performed worse than expected. Rep. Luis Gutiérrez (D-Ill.) said:
 
Luis Gutiérrez About as bad as could be expected from a team of misogynist, climate-change denying, anti-immigration, billionaire civil rights opponents, but we better be ready for even worse to come quote
 

“About as bad as could be expected from a team of misogynist, climate-change denying, anti-immigration, billionaire civil rights opponents, but we better be ready for even worse to come” — Luis Gutiérrez

 

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In this quote, Luis Gutiérrez is sharply criticizing the composition and agenda of the current presidential administration. By describing the administration as made up of “misogynist, climate-change denying, anti-immigration, billionaire civil rights opponents”, Gutiérrez asserts the team embraces views counter to equality, science, compassion and democratic principles according to his perspective.

He suggests their policies thus far have been “about as bad as could be expected” given these stances, but warns “even worse” may be yet to come based on the ideological leanings and backgrounds of those in power.

The overall interpretation is that Gutiérrez presents the administration in the harshest terms as a threat to progressive values and marginalized groups due to what he views as its prejudiced and plutocratic stances that prioritize a narrow set of privileged interests over the general welfare and rights of citizens according to his assessment of their actions and rhetoric.

Donald Trump: Don’t Love Investments

Posted by admin on Saturday, March 4, 2017

Donald Trump Money Quote saying investment risk should be measured by willingness to lose the amount you invest, so hold on to what you love and can’t afford to say goodby to. Donald Trump said:
 
Never fall in love with your investments. Do that and you're in big trouble. To be a visionary and to be a billionaire, you have to chase impossibilities. Few ever get rich easily Quote
 

“How much money can you stand to lose? That’s how much risk you should assume. If you can’t afford to lose it, play it safe. Never fall in love with your investments. Do that and you’re in big trouble. To be a visionary and to be a billionaire, you have to chase impossibilities. Few ever get rich easily” — Donald Trump

 

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In this quote, Donald Trump provides some advice about taking risks with investments. Some key points in interpreting his perspective:

  • He suggests the level of risk one takes on should correlate to how much financial loss they can withstand, implying greater risk is acceptable for the wealthy.
  • Trump warns against becoming too emotionally attached to specific investments, as that could cloud objective decision-making.
  • He portrays pursuing “impossibilities” and not taking the easy path as traits of visionaries and billionaires like himself.

However, a balanced interpretation would note that risk tolerance varies significantly between individuals, and past successes are no guarantee of future returns. While ambition and calculated risk-taking can lead to rewards, overconfidence in long-shot bets could also result in loss.

A variety of factors beyond risk appetite determine both investment outcomes and business success over the long run. Overall, the quote reflects Trump’s outlook but a balanced view considers multiple reasonable perspectives on complex financial issues.

Donald Trump: Money Work At All Times

Posted by admin on Saturday, February 25, 2017

Donald Trump Money Quote assuming everyone has money to invest and that it should be working for your portfolio and not saved with low interest. Donald Trump said:
 
Your money should be at work at all times. Even in the worst economy, there is no excuse - Think Like a Billionaire Quote
 

“Your money should be at work at all times. Even in the worst economy, there is no excuse – Think Like a Billionaire” — Donald Trump

 

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In this quote, Donald Trump encourages taking a proactive approach to managing one’s finances even during difficult economic times. Some key points in interpreting his perspective:

  • He implies money should be invested and working to generate returns wherever possible, rather than sitting idle.
  • Trump portrays billionaires as always strategizing and finding opportunities, suggesting this mindset leads to wealth creation.
  • However, recessions involve true risks and not all have resources or risk tolerance for speculative investing in downturns.
  • “No excuse” is an oversimplification, as prudent caution and diversification are also part of long-term financial success.

Overall, while Trump aims to convey a growth-oriented outlook, a balanced interpretation recognizes both his viewpoint and that reasonable experts can disagree on optimal investment strategies depending on one’s goals, timeframe, resources and risk tolerance. A variety of reasonable approaches exist rather than any single definition of “thinking like a billionaire.”

Donald Trump: Not Enjoy Work – Wrong Job!

Posted by admin on Wednesday, February 22, 2017

Donald Trump Money Quote saying what many wealthy privilege holders say when those forced to work minimum wage jobs look for ways to improve their work life. Donald Trump said:
 
Don't take vacations. What's the point? If you're not enjoying your work, you're in the wrong job -- Think Like A Billionaire Quote
 

“Don’t take vacations. What’s the point? If you’re not enjoying your work, you’re in the wrong job — Think Like A Billionaire” — Donald Trump

 

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In this quote, Donald Trump suggests that if one is not deriving enjoyment from their work, they have chosen the wrong career or occupation. Some key points in interpreting his perspective:

  • He implies billionaires are passionate about their work so vacations are unnecessary, portraying a mindset of total work immersion and enjoyment of one’s labor.
  • However, balancing work with rest and leisure is also important for long-term health, productivity and life satisfaction according to most experts.
  • Not all find fulfillment in the same jobs or ways of working, and different people’s priorities and circumstances vary at different stages of life.
  • His perspective reflects his own experiences but does not necessarily apply to or resonate with all individuals and situations.

Overall, while Trump aims to convey his outlook, a balanced interpretation recognizes both his viewpoint and that reasonable people can disagree on optimal approaches to work-life integration, as what motivates billionaires may differ from others and vary throughout one’s lifetime according to personal and financial circumstances.

Bernie Sanders: Billionaires Religion Greed

Posted by admin on Sunday, May 1, 2016

Bernie Sanders Money Quote saying some of the wealthy focus their greed on the government to enact policies to make them richer. Bernie Sanders said:
 
The billionaire class is very religious. Their religion is greed. It's not enough to own the economy, they want to own the government too Quote
 

“The billionaire class is very religious. Their religion is greed. It's not enough to own the economy, they want to own the government too” — Bernie Sanders

 

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In this quote, Bernie Sanders is criticizing the political and economic influence of billionaires. He argues that their “religion” or driving motivation is greed, as they are not satisfied merely owning and controlling large sections of the economy through their wealth, but also wish to exert control over government.

Sanders portrays billionaires as having an insatiable appetite for both economic and political power, suggesting their immense riches alone are not enough and they seek to dominate policymaking as well to further entrench their financial interests.

The quote conveys Sanders’ view that the billionaire class takes its pursuit of wealth and dominance to an extreme level, seeking to essentially “own” not just business but also the political system through the resources and leverage their fortunes provide.


 

Bernie Sanders: Billionaire Hedge Funders

Posted by admin on Monday, December 21, 2015

Pat Bagley Tax Haven

Pat Bagley, Salt Lake Tribune


 

Bernie Sanders Money Quotation saying Tax havens for corporations and taxes for billionaire hedge fund managers aren’t fair to working Americans. Bernie Sanders said:

 
Major corporations that earn billions in profits stash their money in tax havens and pay nothing in federal income taxes, while billionaire hedge fund managers pay a lower effective tax rate than nurses or teachers Quote
 

“Major corporations that earn billions in profits stash their money in tax havens and pay nothing in federal income taxes, while billionaire hedge fund managers pay a lower effective tax rate than nurses or teachers” — Bernie Sanders

 

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According to the quote, major corporations can save a significant amount of money by stashing their profits in tax havens. However, the exact amount saved is not specified. It’s important to note that tax havens can be controversial and some argue that they are not fair to working Americans.

The fairest way to tax billionaires and corporations is a topic of ongoing debate and discussion among economists, policymakers, and the general public. However, it’s important to note that taxation should be fair, progressive, and based on ability to pay.

Some argue that increasing taxes on the wealthy and corporations can help reduce income inequality and generate revenue for social programs that benefit everyone. Others argue that higher taxes can stifle economic growth and innovation.

There are various taxation models and policies that aim to ensure everyone pays their fair share, such as progressive taxation, wealth taxes, and corporate tax reforms. Ultimately, the best approach will depend on the specific context and priorities of each society.

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