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Index » Radio Paradise/General » General Discussion » Tax the Rich! Page: Previous  1, 2, 3
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ErikX

ErikX Avatar



Posted: Feb 28, 2013 - 12:43pm

 miamizsun wrote:

and you forgot that he makes more than the entire country of Ethiopia too

 
It is unlikey any of them make $31 billion a year which is Ethiopia's GDP even though the average income per year is probably less than $500 a year. . If you take the US median household income of $50,000 and multiply it by 60,000 that equals

$3 billion a year. 

I think the guy's picture might be this guy who made a record $5 billion in 2010.
 This Man Made $5B Last Year

JOHN PAULSON SCORES BIG WITH MERELY DECENT PERFORMANCE

(NEWSER) – Hedge-fund manager John Paulson personally raked in $5 billion in profits in 2010, which is “likely the largest one-year haul in investing history,” according to the Wall Street Journal, beating even the nearly $4 billion Paulson made betting against subprime mortgages in 2007. To put the number in perspective, Goldman Sachs paid its employees a total of $8.35 billion last year, split among 36,000 people.

Paulson's gains came after a merely strong performance, not a spectacular one like he had in 2007, when Paulson's funds gained as much as 590%. Last year “wasn’t the greatest trade of all time, but to manage more than $30 billion and still have gains topping 30% is very rare in the hedge-fund business,” says one New York investment insider. Paulson's strategy revolved around betting big on gold. Most of his payday, $4 billion of it, came from investing in his own funds.Paulson & Company, Inc. President John Alfred Paulson testifies on Capitol Hill in this file photo.




miamizsun

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Location: (3283.1 Miles SE of RP)
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Posted: Feb 28, 2013 - 12:13pm

 ErikX wrote:


 
and you forgot that he makes more than the entire country of Ethiopia too


ErikX

ErikX Avatar



Posted: Feb 28, 2013 - 11:56am

 gypsyman wrote:
And, when you've taxed all the money out of the rich, tax the rest of us even more!

 
Haha, right. Most of the rich make more in a day than the average worker does in a year or often even a lifetime. Your sympathy for the "poor" very rich is quite touching. 
DD gypsyman

DD gypsyman Avatar

Location: Joined Nov 27, 2006
Gender: Male


Posted: Feb 28, 2013 - 11:47am

And, when you've taxed all the money out of the rich, tax the rest of us even more!


ErikX

ErikX Avatar



Posted: Feb 28, 2013 - 11:25am

 gypsyman wrote:
Of course. Nobody else has any money left.


EXCEPT the rich! That's the point- tax the rich!
 




DD gypsyman

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Location: Joined Nov 27, 2006
Gender: Male


Posted: Feb 28, 2013 - 10:27am

Of course. Nobody else has any money left.
ErikX

ErikX Avatar



Posted: Feb 27, 2013 - 11:38am


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