Muscatine

400 families, $400 billion

Posted in: Muscatine

"Most is invested to maximize the returns and thereby make the 400 even richer. 

Such as multiple homes.   Ken Lay had six.   John McCain kinda lost track of how many he had, but I think it was about the same."

 

  Unbelievable!  Where have you been?  If you believe investing in multiple homes, in this day and age, will maximize returns and make one even richer, you are delusional!  Besides, that's not where the super rich put most of their money.  Real estate is just peeing in the ocean, as far as they are concerned.

 

"It's not invested to create jobs or to aid the helpless or to protect the environment or a host of other things that would be of benefit to us all."

 

Another unsupported bald statement!   You seem to be driven to make unsupported statements that fall in line with your imaginary world view.  

 

It's a documented fact that the super rich invest mostly in what are called "start-up" companies.  In other words they risk their capital in ventures that create jobs!!!!

 

Here's the proof (I hope you can focus long enough to read this article):  http://blogs.wsj.com/wealth/2007/06/12/how-the-rich-invest/

 

I'd say you, Mallodery, are just spouting more commie crap.

 


Mal, how many jobs do you think the bottom 400 of this country create? Think about what you say - it certainly IS the rich who create jobs. There are some examples right here in Muscatine, HON, GPC,Stanley Consultants among them. Engage your own brain - don't repeat the left-wing garbage that doesn't even make sense.

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  • hiroad
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"The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans, analysts at Deutsche Bank said."

 

This from cnbc!

 

http://www.cnbc.com/id/38467149

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  • mallory
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"Most is invested to maximize the returns and thereby make the 400 even richer. 

 

There's a gap in the writing here that changes the meaning of what you've quoted.

 

Such as multiple homes.   Ken Lay had six.   John McCain kinda lost track of how many he had, but I think it was about the same."

 

  Unbelievable!  Where have you been?  If you believe investing in multiple homes, in this day and age, will maximize returns and make one even richer, you are delusional!  Besides, that's not where the super rich put most of their money.  Real estate is just peeing in the ocean, as far as they are concerned.

 

You might go back and note I said "most" up above, not all.   Multiple homes etc. was just a tack on comment on what they buy with their excess money.

 

"It's not invested to create jobs or to aid the helpless or to protect the environment or a host of other things that would be of benefit to us all."

 

Another unsupported bald statement!   You seem to be driven to make unsupported statements that fall in line with your imaginary world view.  

 

It's a documented fact that the super rich invest mostly in what are called "start-up" companies.  In other words they risk their capital in ventures that create jobs!!!!

 

I should have said its not their intent to create jobs.   The intent is to maximize profits.   The number of jobs created is immaterial.

 

Here's the proof (I hope you can focus long enough to read this article):  http://blogs.wsj.com/wealth/2007/06/12/how-the-rich-invest/

 

I read it.   It supports your statement that they invest in start up enterprises.   It doesn't contradict anything I said.

 

I'd say you, Mallodery, are just spouting more commie crap.

 

When you resort to the name calling, I know you've run out of rational arguments.

 


Mal, how many jobs do you think the bottom 400 of this country create?

 

I would guess zero.   They're probably not even able to walk or feed themselves.   Maybe in a coma.   But what does that prove?

 

 

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  • mallory
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"Most is invested to maximize the returns and thereby make the 400 even richer. 

 

There's a gap in the writing here that changes the meaning of what you've quoted. 

 

I included an introductory comment which included the phrase (...are to only give them pleasure."   That in no way says they invest in multiple homes to maximize returns which seems to be the way you interpret it.

 

Such as multiple homes.   Ken Lay had six.   John McCain kinda lost track of how many he had, but I think it was about the same."

 

  Unbelievable!  Where have you been?  If you believe investing in multiple homes, in this day and age, will maximize returns and make one even richer, you are delusional! 

 

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