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(NBC News)   The American Dream is alive and well...in South Africa, Latin America, and the Asia-Pacific region   (nbcnews.com) divider line 31
    More: Sad, The American Dream, Asia-Pacific, Latin America, South African, Hudson Institute, Kauffman Foundation, barclays  
•       •       •

1458 clicks; posted to Business » on 18 Jun 2013 at 1:59 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



31 Comments   (+0 »)
   
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2013-06-18 02:02:37 PM  
People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.
 
2013-06-18 02:08:11 PM  
Subby, it's called "efficient allocation of resources by the invisible hand of the free market" these days.
 
2013-06-18 02:27:20 PM  
Is that the dream of selling stuff to Americans?
 
2013-06-18 02:52:33 PM  

SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.


I found your picture.

static2.businessinsider.com
 
2013-06-18 02:57:24 PM  
It's called a dream because you have to be asleep to believe it. - GC
 
2013-06-18 03:05:02 PM  

SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.


Yes, the reason Warren Buffet supports higher taxes on himself, is to prevent the little guy from competing with him. Makes perfect sense.
 
2013-06-18 03:46:13 PM  
FTFA  America may actually be falling behind the rest of the world

More like 'is rapidly falling behind'   The game is so stacked in favor of large companies right now it's ridiculous.
 
2013-06-18 03:56:04 PM  

SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.


Agreed.

/Favorited.
 
2013-06-18 04:12:26 PM  
http://www.barclayswealth.com/insights/publications/volume17/index.ht m l#/12/

The actual Barclay's study, with the pages the article took their numbers from. Please note that the respondents to the survey could actually list multiple sources, which is why the Asia-Pacific percentages add up to 188%.
 
2013-06-18 04:15:07 PM  

relaxitsjustme: FTFA  America may actually be falling behind the rest of the world

More like 'is rapidly falling behind'   The game is so stacked in favor of large companies right now it's ridiculous.


Not nearly as much as it is in the rest of the world.  In most other countries, you really need to be politically connected to start a new, successful business.  Also, the amount of red tape to start or run a business in general in America is much less than in almost all other country-ranked number 4 (out of 185) by The World Bank (#13 for starting a new business).

http://www.doingbusiness.org/rankings
 
2013-06-18 04:16:28 PM  

8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.


Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?
 
2013-06-18 05:09:09 PM  

impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?


They can't.  Most 'little guys' pay incorporate their corporate earnings into their own person income and are taxed accordingly.  The herpy derp talking points from Sloth are just courtesy of Koch Industries.
 
2013-06-18 05:18:05 PM  

impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?


Because... there is no motivation for making more money if the government is just going to steal a relatively small portion of it.  It is better just to hang around the lower classes than to suffer the indignity of funding the infrastructure that created the environment in which you enriched yourself.
 
2013-06-18 05:54:30 PM  

karmaceutical: impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?

Because... there is no motivation for making more money if the government is just going to steal a relatively small portion of it.  It is better just to hang around the lower classes than to suffer the indignity of funding the infrastructure that created the environment in which you enriched yourself.


Amazing.  This is what liberals actually believe.
 
2013-06-18 06:14:32 PM  

8 inches: Amazing.  This is what liberals actually believe.


You haven't yet explained how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy".

Notice how what you "actually believe" doesn't make any damn logical or economic sense?
 
2013-06-18 06:23:34 PM  

8 inches: karmaceutical: impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?

Because... there is no motivation for making more money if the government is just going to steal a relatively small portion of it.  It is better just to hang around the lower classes than to suffer the indignity of funding the infrastructure that created the environment in which you enriched yourself.

Amazing.  This is what liberals actually believe.


What do you believe?
 
2013-06-18 06:29:06 PM  

impaler: 8 inches: Amazing.  This is what liberals actually believe.

You haven't yet explained how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy".

Notice how what you "actually believe" doesn't make any damn logical or economic sense?


8 inches and karmaceutical were trolling (I think) and you fell for it.
 
2013-06-18 06:35:42 PM  

impaler: 8 inches: Amazing.  This is what liberals actually believe.

You haven't yet explained how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy".

Notice how what you "actually believe" doesn't make any damn logical or economic sense?


Lets be honest with each other.  Do you really expect me to take the time to write out a cogent argument on this subject only to have you (or someone else that disagrees) shred my viewpoint to pieces by underlining or putting in quotations certain words that I use?  Lets not waste each others' time.

The reality is that no matter what point I make on this topic, you will probably not change your stance and neither will anyone else that has already made up their mind on the subject of *cringe* job creators/entrepreneurs .

No disrespect - lets just agree to disagree.
 
2013-06-18 06:41:53 PM  

kg2095: 8 inches: karmaceutical: impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?

Because... there is no motivation for making more money if the government is just going to steal a relatively small portion of it.  It is better just to hang around the lower classes than to suffer the indignity of funding the infrastructure that created the environment in which you enriched yourself.

Amazing.  This is what liberals actually believe.

What do you believe?


I believe that large corporations, with their influence (via paid lobbyists) pressure legislators in to creating excessive regulations that ultimately stifles the growth of smaller (ie: more innovative) companies.  The end result?  We ALL lose.
 
2013-06-18 06:43:24 PM  
I blame the patent regime.  I don't know what the costs would be to explore some of the ideas I have but the thought that someone could come in and take anything I earn if I don't license ahead of time gives me the willies.  Especially when there are thousands of overlapping patents out there.  I certainly couldn't afford to go down to Texas to defend myself.

No thanks, remaining a good little corporate drone is easier.
 
2013-06-18 08:07:01 PM  
South Africa? I didn't know rape paid so well.
 
2013-06-18 09:12:47 PM  

Vectron: South Africa? I didn't know rape paid so well.


Weird hours though.
 
2013-06-18 11:07:27 PM  
i.imgur.com
 
2013-06-18 11:13:18 PM  

8 inches: you (or someone else that disagrees) shred my viewpoint to pieces by underlining or putting in quotations certain words that I use?


How dare you possibly repeat what he might say and scrutinize it!!!  Have you no sense of decency?
 
2013-06-18 11:35:45 PM  

Geotpf: relaxitsjustme: FTFA  America may actually be falling behind the rest of the world

More like 'is rapidly falling behind'   The game is so stacked in favor of large companies right now it's ridiculous.

Not nearly as much as it is in the rest of the world.  In most other countries, you really need to be politically connected to start a new, successful business.  Also, the amount of red tape to start or run a business in general in America is much less than in almost all other country-ranked number 4 (out of 185) by The World Bank (#13 for starting a new business).

http://www.doingbusiness.org/rankings


Thanks you. I came to make this very point: the USA is the absolutely WORST place on Earth to start and run a new business...except for everywhere else.
 
2013-06-19 05:18:15 AM  

JasonOfOrillia: I blame the patent regime.  I don't know what the costs would be to explore some of the ideas I have but the thought that someone could come in and take anything I earn if I don't license ahead of time gives me the willies.  Especially when there are thousands of overlapping patents out there.  I certainly couldn't afford to go down to Texas to defend myself.

No thanks, remaining a good little corporate drone is easier.


if you're not rich to begin, just don't patent your inventions. Too expencive, and you are showing your stuff to everyone to see.
Build and sell the stuff quick while you can, have as much fun and make money while you can.
When the big players come for you, you're gona loose, so make your company a limited (or whatever, I don't know american law) so that you don't end in poverty when your company get sued into bankruptcy.
 
2013-06-19 07:08:10 AM  

impaler: 8 inches: SlothB77: People are always surprised that guys like Bill Gates and Steve Jobs or Warren Buffett would be for more government regulation and government involvement in business - higher taxes, greater barriers to entry.  They are the current kings.  New entrepreneurs are a threat to their empires.  More bureaucracy and red tape reduces the risk of new competitors rising and competing with them, dissuades new competitors and makes it tougher for them to compete.

That is why those guys support liberal policies in the US.  They are just as culpable.

Agreed.

/Favorited.

Can you two explain how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy"?


1 thing has nothing to do with the other?

Can you explain how higher tax rates on capital gains is anything productive?
 
2013-06-19 08:04:25 AM  

LL316: Can you explain how higher tax rates on capital gains is anything productive?


it is not.
But why should I start a company that actualy do something usefull, build stuff, make our lives better, create jobs,... if I can make more money at Wall Street doing nothing usefull?

We need to totaly change the rule so as to make it financialy interesting for smart peoples to do good things.
 
2013-06-19 08:39:15 AM  

relaxitsjustme: More like 'is rapidly falling behind'   The game is so stacked in favor of large companies right now it's ridiculous.


This is only because that is the common  perception.  Its actually never been easier at any point in history to start your own business which can reach global markets with very little capital invested.  You dont even need marketing dollars anymore... you come up with a good idea/product, throw it on a website, and start a viral marketing campaign.  Done deal.

The problem is Americans arenttaught how to be entrepreneurs. They are ordered to pay a ridiculous sum of money for what amounts to a permission slip that says you're allowed to be a certain kind of wage slave.  At no point are they taught the skills that are needed to run your own business and break out into an established marketplace from underneath.

Well, private and elite schools teach rich kids this stuff...  but yeah....
 
2013-06-19 08:44:51 AM  

JasonOfOrillia: I blame the patent regime.  I don't know what the costs would be to explore some of the ideas I have but the thought that someone could come in and take anything I earn if I don't license ahead of time gives me the willies.  Especially when there are thousands of overlapping patents out there.  I certainly couldn't afford to go down to Texas to defend myself.

No thanks, remaining a good little corporate drone is easier.


Congratulations!  You've been indoctrinated.

I blatantly and willfully violate patents all day with my companies.  I just dont care.  Insulate your personal wealth from the businesses so that if you  do end up sucking on the wrong end of a lawsuit, you just close up that one insulated company and keep on chugging along with your other ones.   You need to use the system to your advantage.
 
2013-06-19 10:59:08 AM  

8 inches: impaler: 8 inches: Amazing.  This is what liberals actually believe.

You haven't yet explained how higher tax rates on capital gains is a "barrier to entry" for the little guy, when the "little guy" won't even be paying until after they're no longer a "little guy".

Notice how what you "actually believe" doesn't make any damn logical or economic sense?

Lets be honest with each other.  Do you really expect me to take the time to write out a cogent argument on this subject only to have you (or someone else that disagrees) shred my viewpoint to pieces by underlining or putting in quotations certain words that I use?  Lets not waste each others' time.

The reality is that no matter what point I make on this topic, you will probably not change your stance and neither will anyone else that has already made up their mind on the subject of *cringe* job creators/entrepreneurs .

No disrespect - lets just agree to disagree.


Translation: you got nuthin'.

This is why as someone who's largely been centrist, I've identified more with Democrats lately on economic issues.

Conservative economic arguments today always fall flat when subjected to a basic second round of questions, like "how can taxes on the rich be too high when they're near historic lows, below Reagan/Clinton levels?" Or, "if the rich are being bled dry by socialism, why is the wealth gap only continuing to grow?" The answer always reverts to some simpleton platitude about bootstraps and job creators.

I WISH your sorry asses would actually come up with a real answer, then the discussion might actually evolve.
 
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