Socialist hellhole California moves from 8th to 6th largest economy in the world, surpassing France

kmog33

kmog33

Well-Known Member
http://www.forbes.com/sites/katiasavchuk/2015/03/04/california-has-more-billionaires-than-every-country-except-the-u-s-and-china/#5a15281d51a7

http://www.streetdirectory.com/travel_guide/73297/real_estate/top_10_us_counties_with_the_most_millionaires.html

Big surprise, ca has the largest number of millionaires of any city. A million dollars is NOT a lot of money out here. You can barely even buy a nice house in a nice neighborhood for that. Houses are selling for a median price of $500k in all of la, but that includes all of the places you don't want to live.

For reference, a 1200sq ft 3 bedroom house in an ok area here goes for an average of $875k-1.2M... If you want to live in a nice area you're looking at $1.5M-15M. And if you want to look like a baller in Beverly Hills or Manhattan beach etc, you're looking at $10M-100M depending on how extravagant you feel like being.

Billionaires are popping up more often than not out here. A million dollars isn't shit.


Sent from my iPhone using Tapatalk
 
Padawanbater2

Padawanbater2

Well-Known Member
Flaming Pie said:
Someone who only makes a million in cali? They are spening their money.

They pay people to manage their money and they invest in stocks and bonds. They buy life insurance and retirement plans.

My friend is a carpenter and roofer. He works on millionare homes. They pay good money for services that provides work for his crew. Two years ago he was in landscaping and again the wealthy shell out big bucks for lawn and garden maintenance.
Click to expand...
You're missing the point

It is more likely for poorer people with an extra thousand dollars to spend every penny of it than it is for one millionaire to spend every penny of his million dollars. Poor people spend a higher percentage of their income than rich people (including investments). You're trying to use the example of someone like Elon Musk investing a million dollars into SpaceX vs. a thousand random people spending a thousand dollars each. Not every millionaire out there is like Elon Musk, in fact, the vast majority of them aren't. Most wealthy people save their money, especially in recessions/depressions which stalls economic activity throughout society.

To frame it another way, if I told you your life depended on choosing correctly which group of people (1000 v. 1) caused more economic growth, would you choose 1000 people spending $1,000 each or 1 person spending $1mil?
 
NLXSK1

NLXSK1

Well-Known Member
Padawanbater2 said:
You're missing the point

It is more likely for poorer people with an extra thousand dollars to spend every penny of it than it is for one millionaire to spend every penny of his million dollars. Poor people spend a higher percentage of their income than rich people (including investments). You're trying to use the example of someone like Elon Musk investing a million dollars into SpaceX vs. a thousand random people spending a thousand dollars each. Not every millionaire out there is like Elon Musk, in fact, the vast majority of them aren't. Most wealthy people save their money, especially in recessions/depressions which stalls economic activity throughout society.

To frame it another way, if I told you your life depended on choosing correctly which group of people (1000 v. 1) caused more economic growth, would you choose 1000 people spending $1,000 each or 1 person spending $1mil?
Click to expand...
How does the poor spending every bit of their money help the poor? If you take money out of one pocket and move it to another, how much wealth have you created?

What is being done is artificially manipulating the turnover of money by punishing savings. This helps the government revenue but nothing else. You are not creating value by cycling money faster.
 
Padawanbater2

Padawanbater2

Well-Known Member
NLXSK1 said:
How does the poor spending every bit of their money help the poor? If you take money out of one pocket and move it to another, how much wealth have you created?

What is being done is artificially manipulating the turnover of money by punishing savings. This helps the government revenue but nothing else. You are not creating value by cycling money faster.
Click to expand...
Poor people are more likely to spend a higher percentage of their income than rich people. The more money circulating throughout the economy, the more economic growth that is stimulated.

If I sell shirts to people, selling 1,000 shirts to 1,000 buyers is a lot more profitable for me than selling 10-15 shirts to 1 buyer. If 1,000 people buy my shirts at $10.00 each, I make $10,000. If 1 buyer buys 10-15 shirts, I make $100-$150.

$100 or $10,000

$9,900 is the difference in economic growth stimulated from 1,000 people buying 1,000 shirts compared to 1 person buying 10-15 shirts

So please explain to me how that is "taking money out of one pocket and putting it in another"? Every cent of that money came from consumers and went to my shirt business, this now allows me to hire more people to help me sell shirts or increase the wages of the employees I already have, further stimulating the economy because now they each have more disposable income to spend too so they can go down the block to the pants store and do the exact same thing there.
 
UncleBuck

UncleBuck

Well-Known Member
NLXSK1 said:
If you take money out of one pocket and move it to another, how much wealth have you created?
Click to expand...
easy dumb dumb, it will be alright.

when a tax break that would have gone to a wealthy family like mine goes instead to a middle class or poor person like you, that poor person spends it all, whereas i wouldn't.

by spending that money, you support businesses and spur demand, which creates jobs.

then, a poor person like you can go get a job instead of waiting on handouts from wealthy people like myself. i am no longer burdened with having to hand out welfare to you, so this helps wealthy families like myself as well as poor weaklings like you.

i hope this helps you understand, but it probably won't because you are helplessly stupid and unremittingly a failure.
 
ttystikk

ttystikk

Well-Known Member
UncleBuck said:
i hope this helps you understand, but it probably won't because you are helplessly stupid and unremittingly a failure.
Click to expand...
This is so good, all I can do is proofread;

'...helplessly stupid and an unremitting failure'.

Look up Nick Hanauer and his TED talk. Enlightening stuff, I think you'd appreciate his perspective.

Edited to correct name in citation.
 
Last edited:
Padawanbater2

Padawanbater2

Well-Known Member
ttystikk said:
This is so good, all I can do is proofread;

'...helplessly stupid and an unremitting failure'.

Look up Eric Hanauer and his TED talk. Enlightening stuff, I think you'd appreciate his perspective.
Click to expand...
*Nick Hanauer, but what the fuck would he know? He's just a stupid poor per... Oh wait, he's a billionaire

 
NLXSK1

NLXSK1

Well-Known Member
Padawanbater2 said:
Poor people are more likely to spend a higher percentage of their income than rich people. The more money circulating throughout the economy, the more economic growth that is stimulated.

If I sell shirts to people, selling 1,000 shirts to 1,000 buyers is a lot more profitable for me than selling 10-15 shirts to 1 buyer. If 1,000 people buy my shirts at $10.00 each, I make $10,000. If 1 buyer buys 10-15 shirts, I make $100-$150.

$100 or $10,000

$9,900 is the difference in economic growth stimulated from 1,000 people buying 1,000 shirts compared to 1 person buying 10-15 shirts

So please explain to me how that is "taking money out of one pocket and putting it in another"? Every cent of that money came from consumers and went to my shirt business, this now allows me to hire more people to help me sell shirts or increase the wages of the employees I already have, further stimulating the economy because now they each have more disposable income to spend too so they can go down the block to the pants store and do the exact same thing there.
Click to expand...
Where did you get the 1,000,000 from in the first place.... That is the 'Taking it out of one pocket'.... When you dole it out it is the putting it in another.

The economy has not grown and no value has been added.

It is a government trick to artificially inflate economic activity.
 
UncleBuck

UncleBuck

Well-Known Member
NLXSK1 said:
Where did you get the 1,000,000 from in the first place.... That is the 'Taking it out of one pocket'.... When you dole it out it is the putting it in another.

The economy has not grown and no value has been added.

It is a government trick to artificially inflate economic activity.
Click to expand...
delete your account.
 
Padawanbater2

Padawanbater2

Well-Known Member
NLXSK1 said:
Where did you get the 1,000,000 from in the first place.... That is the 'Taking it out of one pocket'.... When you dole it out it is the putting it in another.

The economy has not grown and no value has been added.

It is a government trick to artificially inflate economic activity.
Click to expand...
The $1,000,000 was just an example. Take any 1,000 people in America who have $1,000 of disposable income and use them as an example instead and the point remains valid

1,000 lower-middle income people are likely to spend more in a year than 1 high income person (especially in a recession)
 
F

fdd2blk

Well-Known Member
Padawanbater2 said:
The $1,000,000 was just an example. Take any 1,000 people in America who have $1,000 of disposable income and use them as an example instead and the point remains valid

1,000 lower-middle income people are likely to spend more in a year than 1 high income person (especially in a recession)
Click to expand...

I love how you just make up random shit and roll with it.

A rich persons car is worth more than the annual income of 5 lower income people.
 
UncleBuck

UncleBuck

Well-Known Member
fdd2blk said:
you just make up random shit
Click to expand...
i don't recall him pretending to be a woman though.

fdd2blk said:
A rich persons car is worth more than the annual income of 5 lower income people.
Click to expand...
so?

how many jobs are supported by a rich person buying a $150k car, whereas how many jobs and businesses are supported by 5 people making $30k a year and spreading it throughout all parts of the economy?

do you even think about the shit you say first?
 
You must log in or register to reply here.
Top