Check out the 10th anniversary edition of ’99 Great Ways to Save,’ AARP’s annual guide to saving money.

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Valued Social Butterfly
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Re: U.S. Billionaires worry about the future of Capitalism

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Message 51 of 53

Why do they live behind walls, gated communities, have security entourages, bullet proof vehicles, or yachts and islands to get away from those that have nothing...

 

 

Guillotines.

 

 

A more recent example would be  what happened to Nicolae Ceausescu in Romania in 1989.

 

 

Keep your hoard in an off shore account and in the event of a Brexit get on your yacht and head to a safe haven. 

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Valued Social Butterfly
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Re: U.S. Billionaires worry about the future of Capitalism

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Message 52 of 53

How much is enough? Today’s wealthy remind me of Scrooge McDuck, or the dragon in the Hobbit guarding their gold, nor wanting to share, which it is appropriate to share. Why do they live behind walls, gated communities, have security entourages, bullet proof vehicles, or yachts and islands to get away from those that have nothing...many of the wealthy have made (or inherited) the wealth from lower and middle income people, which includes workers. This is not to say that they cannot remain rich, but certainly asks: perhaps show a heart and help others who have not been granted the same success that you have. Be a giver, not just a taker!

If not, people may get tired of licking your boots for scraps!

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Treasured Social Butterfly
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U.S. Billionaires worry about the future of Capitalism

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Message 53 of 53

Capitalism was supposed to lift the hard working entrepreneurs from poverty to riches. In the American system, if you do not have wealthy parents and come from a successful zip code, you are pretty much doomed to poverty. Today's billionaires are starting to realize that a system which does not allow the majority of Americans to participate in economic upward mobility is doomed. 

 

Not to worry. There are other countries where Capitalism is accomplishing its mandate. We need only to pattern our system on theirs. Or...we could take our lessons from the French revolution. 

 

For the first time in decades, capitalism’s future is a subject of debate among presidential hopefuls and a source of growing angst for America’s business elite. In places such as Silicon Valley, the slopes of Davos, Switzerland, and the halls of Harvard Business School, there is a sense that the kind of capitalism that once made America an economic envy is responsible for the growing inequality and anger that is tearing the country apart.

 

 

https://www.washingtonpost.com/politics/capitalism-in-crisis-us-billionaires-worry-about-the-surviva...

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