Do you see them as political targets set out by someone else to use you? Or as people hoping to make a better world for plenty of other people?
The richest man in the colonies funded the American revolution. He could be seen as an oligarch, but he was not into ripping off the country.
Or they could be seen as protecting their lucrative American financial interests against the British King.
There doesn’t seem to be a lot of love for the working class (or Native Americans) in the colonial historical record. But I guess in rare cases, interests align.
intercst
Everyone’s pay and wealth has been cut by the low tax rate on corporations. The tax rate on the top bracket, of course adding brackets at the top, needs to be higher to stop “reinvestment” in the executive class.
We have had sluggish GDP growth since 1981 because of the tax regime.
@FOOLME45 It all comes back to taxes. You might not want to ask.
I’ll admit, this one’s a bit more challenging.
What does a Christian Nationalist reply when they don’t have an argument?
I’ll add, Musk’s hundreds of milions of dollars in political “donations” allowed him to completely shut down government lawsuits against his companies. Also, he was able to “win” massive government contracts. Zuck’s gold chain tranformation and $$$$$ has allowed him to shape the recent AI policy to benefit Meta.
How will my little oligarch lover reply?
For centuries, in fact for millenia, the word oligarch was well understood as defined by Plato and Aristotle waaaay back when intellectuals started writing about power and societies:
Plato’s View
Aristotle’s View
Hmmmm. Sounds damnable similar to what I see more and more and more. Fortunately, so do more and more voters…..
It’s a wonderful thing to be a Christian. Nothing makes one more grounded than faith and family. No amount of money can replace it. The left hates anything placed above its ideology.
Mainstream Marxist-Leninist communism views both traditional religion and the nuclear family as instruments of bourgeois control that must be transformed or phased out
Welcome to the 20th century. oligarch has been a term reserved for those creating wealth by the redistribution to party loyalists of key economic engines. The term has been co—opted by the left to suggest anyone wealthy, with an opposing view, is exerting undue and illegal influence.
Let’s call it what it is. Nobody used the term in this manner until the last 5-10 years. Predominantly, it’s been used by the more recent crop of socialists and Marxists now ascending to power on the left. You’ll find no major Democrat used that term in the last 50 years.
The S&P 500 has delivered a cumulative nominal return of roughly 21,154% (about 12.17% annualized) since 1980, according to data from the S&P 500 Returns since 1980 - Inflation.
I don’t know buddy. The lesson seems pretty simple. Don’t interrupt the long term compounding of assets.
Subtract some part of $41 trillion owed.
Seriously the stock market is not the economy. And you are not the stock market.
You are not the GDP. If this type of thinking has kept you on the sidelines or hopping in and out of the market, it has been a mistake.
Charlie Munger: Stated that “economics is totally useless for stock market investors” because economists are often too confident and ignore how complex the real world is.
“Focusing solely on Gross Domestic Product (GDP) has significant limitations, a view shared by many modern economists, policymakers, and social scientists. While GDP is a useful metric for tracking the total market value of goods and services produced within a country, it was never designed to be a comprehensive measure of national well-being or economic health.”
That is true. Also true is that both the US economy and the stock market are long-term compounders of assets and wealth.
DB2
You wouldn’t know it by all the doom and gloom spread around here. Yet, anyone that remained optimistic and committed to long term DCAing into the S&P has done quite well.
No doubt! I’m particularly drawn to the pursuit of social justice at the center of the faith.
Secular social justice is antithetical to Christian principles. Collective guilt is incompatible as a belief system. Care and concern for the poor and misfortunate are commonalities but not to bestow a debt on future generations for the behavior of past groups.
oligarchs and Christian nationalists are pejorative terms of the secular left. Like you said, you’re not serious.
I am fascinated by lefts critique of Christianity, which helped end slavery, support the suffrage movement and helped lay the bedrock of individualism and importance of education in the US. Yet, it will completely align itself with other religious groups that have little tolerance for differences of opinion and values completely incompatible with western principles around basic freedoms. Politics makes strange bedfellows.
We can go back to robber baron if that makes you feel better. The word choice doesn’t change the facts on the ground.
It is a Jewish cult.
20202020
That has to be the most upside down statement I have ever seen here.
The debt was forked over to the wealthy. You are misinterpretting the function of fiscal policies.
Odd that is true.
A progressive organizer in Seattle last month noticed that gay rights had been taken off their website. She was told Muslims were uncomfortable with gay rights.
Yeah, Steve Jobs, Warren Buffett, Howard Schultz, Elon Musk, and so on and so on were all robber barons. Oligarch is a pejorative used by the left to discredit success. It has a very intentional meaning and there is a strategic purpose behind it. It’s a quite obvious to anybody that can think for themselves.
I bet if you go back 10 years on the discussion boards, the word was never uttered other than in its traditional context. It’s so weird how people think the world just started spinning a few years ago.
