We Need More Rich People
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All right, it was a great column written by Joakim Book, talking about eating the rich. And it got me thinking. Topic that I brought up before here on the program and the fact that, you know, how we love to go after the rich, we love to go after billionaires, we love to go after millionaires, like to tear these people down. I’ve always made the argument we need more. I want more millionaires. I want more.
billionaires, the idea that is presented by the morons, the Bernie Sanders and the leftist, the Marxists of the world is that there’s a finite amount of money that’s out there. And you know, you have to divvy it up. It’s their job to divv- look at it as a pizza pie. And there’s a pizza pie and the leftists and the people who want to control the economy.
control the economy, people want to, you know, allocate wealth, however they did the nonsense like they come up with. It’s basically like saying, okay, we got to take a pizza pie, and we got to make it fair. So everybody gets their fair share of pizza fair share. Well, that’s not how the world works. Wealth is created sometimes wealth is destroyed.
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Again, you want to understand wealth. Wealth, you want to look at wealth and people who actually acquire wealth. It’s almost like a score, if you will. Score of the value that somebody creates, builds, how society values what they have done. Now you obviously want to take aside crony nonsense, which again, is part of.
what we have today because of Washington, D.C. and our tax code and regulations and handouts and giveaways. Put that aside. You also want to take inheritance and put that aside. Wealth is. Is it actually a testament? And this is from book is a testament to how much these wealthy, these rich people have actually helped us, enriched us, enriched our lives. Going to quote Johann Norberg.
here. If anything remains of the revenue when employees, suppliers, and lenders have been paid for their efforts, it’s called profit. And we are very angry when it’s a large sum. In fact, we should be happier the bigger it is because it shows that everyone else in the chain has been paid first and that the company has still succeeded in its ambition to transform time and resources into something that we value. In essence,
Billionaires, they’re not a policy failure. Like, there’s too many billionaires out there. I’m a billionaire list. No, no, no. Billionaires did what? They created jobs. Millionaires created jobs. Income, they improved goods and services and a better standard of living for all. They should be looked up to.
And this is according to the Austrian economist Ludwig von Mies, is not simply mass production, but mass production to satisfy the needs of the masses. And I know many people don’t like Amazon. They don’t like this coming like this one’s politics, whatever it may be. You know, whatever. Pick a company.
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Pick a company, pick a…
Think about Apple, think about Microsoft. Think about IBM back in the day. I think about all these companies and people, I have Bill Gates, whatever, but I’m gonna be honest, take Bill Gates and his politics and put it aside, that technology, that software and Apple, that have made my job more productive has allowed me to do all sorts of things
that have allowed my business to grow. So I can employ more people. I can grow my business. I can provide better services to my clients. This is good thing. It’s not a bad thing. But we’re told, no, the rich don’t pay their fair share. Again, that’s not true. We went over it this past week and you take a look at taxes and who actually pays the bill here in the United States. Again, the reality.
The reality of our situation is, is you can tax billionaires from now until attorney. And in this column today, they actually use my point talking about how people don’t understand in this country. They don’t understand wealth. People understand the concept of wealth. They don’t understand. People don’t understand deficits, debt, and they don’t understand wealth. When people see the wealth numbers and this is the billionaires and what Bezos is worth and what this one is worth, they don’t have.
that money in a bank account. It’s not in cash.
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It’s not in cash people, it’s in their business. It’s in their business. 90 plus percent of my wealth is in Markowski Investments, the watchdog on Wall Street radio show. It’s what my business is worth. I can put a multiple on it based upon the revenues that we do and all these various different things, but.
That’s wealth, people. That’s wealth. That’s not money.
Anyway, actually, he broke, interesting, he broke down the numbers here. Talk, cause I’ve discussed this here on the program. Talk about Bezos. Bezos, you know how much he owns of Amazon right now? 900 and what’s it? 938,250, no, 930, yeah, 930, 250.
Oh, 938,251,817 shares in total. That’s what Bezos owns. Okay, that’s a lot of shares of Amazon, right? So, let’s just say, Elizabeth Warren says, oh, we wanna confiscate 900 million of those shares. Wow, that’s about what?
50, 100, I’m gonna say 160, 160 billion, probably right around now, 160 billion dollars. Now, so far, the treasury has spent almost $3 trillion.
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Almost three trillion on our way to over $7 trillion this year. That’s $23 billion a day. So if we were to confiscate 900 million of Bezos’ shares, it would pay for our government for less than a week. But the reality is it wouldn’t do that. Because as soon as you confiscated it, you had to sell it. Again, nobody would buy the stock because they know you’d have to sell it. The stock would tank.
on and on and on. Again, this is just how the world works. But again, I rough estimate you probably got, you know, I would say 80, 90 percent of the population don’t even understand this. They don’t even get it. And this is why people fall victim to the, you know, the idiots on TV and the pundits out there and political hacks that perpetually lie to you. We need more rich people. I want more rich people.
I want as many rich people as possible. Rising tide always lifts all boats. We talk about that here. You wanna go out there, build, create, protect, and teach. You wanna be successful in this world, you do those things. And guess what? You’ll make the country a much better place. Don’t drag down people that have been successful, drag down people that have created wealth. They need to be lifted up. Watchdog on Wallstreet.com.
