Why are modern day billionaires narcissistic sociopaths?

[Anonymous]

Tax the rich, eat the rich, huh? Not in a global economy.

The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.

LONDON—The U.K. is trying to tax the superrich. It’s off to a bumpy start.

“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.

Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to the global rich. The nondomiciled—or non-dom status, as it is known—allowed foreigners living in the U.K. to pay tax only on what they earned domestically. Profits made abroad were ignored unless brought into the U.K.

Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.

The British experiment has laid bare the difficult politics of taxing the rich. Taxing high earners has become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low-tax advocates say taxes on the wealthy are counterproductive, driving away job creators and big spenders."

"Haidar earns most of his money from businesses he started overseas. He estimates the tax overhaul will increase his U.K. tax bill by five to seven times. A father of five, he also worries about the U.K.’s 40% inheritance tax, which now would apply on his global assets.

Haidar is selling his U.K. properties and plans to leave this summer. He’ll split his time between Dubai and Greece."

"Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all."

More: https://www.msn.com/en-us/money/personalfinance/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-they-re-fleeing/ar-AA1ISXw7

[Anonymous]

We just watched "Mountainhead" - it's a great satire on the whole thing.

https://www.imdb.com/title/tt35396529/

[Anonymous]

I saw it on HBO. It was pretty good.

[Anonymous]

From where I sit, it’s more a question of when do they have enough? Do they really need to keep making so much money? They have more than they can spend. And I think people are missing the point about the Bezos wedding. It was all of the conspicuous consumption. They did not need to be so blatant and flashy about it all. Yes, it’s great they gave money to Venice and it’s a boon for the local businesses, but it was very in the face flaunting of their wealth. People are getting tired of it.

There comes a point where it’s gross and it seems like other people feel the same way

[Anonymous]

Silicone Valley is full of broken people. DH and I work in tech. We have numerous friends in SV. We opted to move to the East Coast to avoid that culture. The nerd culture meets money is horrible. The VCs we know out there are idiots. It’s just a horrible vacuum of overly confident morons.

[Anonymous]

Certain personality disorders are required to become a billionaire.

[Anonymous]

Anonymous wrote:Tax the rich, eat the rich, huh? Not in a global economy.

The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.

LONDON—The U.K. is trying to tax the superrich. It’s off to a bumpy start.

“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.

Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to the global rich. The nondomiciled—or non-dom status, as it is known—allowed foreigners living in the U.K. to pay tax only on what they earned domestically. Profits made abroad were ignored unless brought into the U.K.

Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.

The British experiment has laid bare the difficult politics of taxing the rich. Taxing high earners has become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low-tax advocates say taxes on the wealthy are counterproductive, driving away job creators and big spenders."

"Haidar earns most of his money from businesses he started overseas. He estimates the tax overhaul will increase his U.K. tax bill by five to seven times. A father of five, he also worries about the U.K.’s 40% inheritance tax, which now would apply on his global assets.

Haidar is selling his U.K. properties and plans to leave this summer. He’ll split his time between Dubai and Greece."

"Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all."

More: https://www.msn.com/en-us/money/personalfinance/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-they-re-fleeing/ar-AA1ISXw7

So they are getting rid of the billionaire leeches? Great, let them move.they. Clearly aren’t contributing to society in any meaningful way, let them move to Somalia.

They won’t, though, they’ll just have their tantrums and STFU in the end.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tax the rich, eat the rich, huh? Not in a global economy.

The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.

LONDON—The U.K. is trying to tax the superrich. It’s off to a bumpy start.

“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.

Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to the global rich. The nondomiciled—or non-dom status, as it is known—allowed foreigners living in the U.K. to pay tax only on what they earned domestically. Profits made abroad were ignored unless brought into the U.K.

Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.

The British experiment has laid bare the difficult politics of taxing the rich. Taxing high earners has become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low-tax advocates say taxes on the wealthy are counterproductive, driving away job creators and big spenders."

"Haidar earns most of his money from businesses he started overseas. He estimates the tax overhaul will increase his U.K. tax bill by five to seven times. A father of five, he also worries about the U.K.’s 40% inheritance tax, which now would apply on his global assets.

Haidar is selling his U.K. properties and plans to leave this summer. He’ll split his time between Dubai and Greece."

"Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all."

More: https://www.msn.com/en-us/money/personalfinance/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-they-re-fleeing/ar-AA1ISXw7

So they are getting rid of the billionaire leeches? Great, let them move.they. Clearly aren’t contributing to society in any meaningful way, let them move to Somalia.

They won’t, though, they’ll just have their tantrums and STFU in the end.

It’s all a billionaire BS scare tactic. Call their bluff.

[Anonymous]

Short answer. Because they are scared. Every second of every waking moment they are afraid to stop to think about it. They know they were just lucky, to pop out from a right vagina, right time in a right place and are no better than any other working stiff trying to get by. They are scared to lose it all just as easily as they got it and no amount of wealth will ever be enough to ease that dread.

[Anonymous]

Anonymous wrote:Tax the rich, eat the rich, huh? Not in a global economy.

The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.

LONDON—The U.K. is trying to tax the superrich. It’s off to a bumpy start.

“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.

Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to the global rich. The nondomiciled—or non-dom status, as it is known—allowed foreigners living in the U.K. to pay tax only on what they earned domestically. Profits made abroad were ignored unless brought into the U.K.

Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.

The British experiment has laid bare the difficult politics of taxing the rich. Taxing high earners has become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low-tax advocates say taxes on the wealthy are counterproductive, driving away job creators and big spenders."

"Haidar earns most of his money from businesses he started overseas. He estimates the tax overhaul will increase his U.K. tax bill by five to seven times. A father of five, he also worries about the U.K.’s 40% inheritance tax, which now would apply on his global assets.

Haidar is selling his U.K. properties and plans to leave this summer. He’ll split his time between Dubai and Greece."

"Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all."

More: https://www.msn.com/en-us/money/personalfinance/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-they-re-fleeing/ar-AA1ISXw7

This is one reason why universal healthcare is a pipe dream in a large country like the US. Where will the money come from? The billionaire class will not want to be taxed to support it.

[Anonymous]

Maybe drug use is the common thread among today’s tech billionaires.

Look at Peter Thiel - he is supposed to be some sort of thought leader influencing Vance and others in the administration. His recent NYT interview was unhinged. Talk about being completely removed from reality, including the day-to-day realities of ordinary Americans.

https://www.thenerdreich.com/is-peter-thiel-the-antichrist-nyt-didnt-think-to-ask/amp/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tax the rich, eat the rich, huh? Not in a global economy.

The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.

LONDON—The U.K. is trying to tax the superrich. It’s off to a bumpy start.

“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.

Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to the global rich. The nondomiciled—or non-dom status, as it is known—allowed foreigners living in the U.K. to pay tax only on what they earned domestically. Profits made abroad were ignored unless brought into the U.K.

Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.

The British experiment has laid bare the difficult politics of taxing the rich. Taxing high earners has become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low-tax advocates say taxes on the wealthy are counterproductive, driving away job creators and big spenders."

"Haidar earns most of his money from businesses he started overseas. He estimates the tax overhaul will increase his U.K. tax bill by five to seven times. A father of five, he also worries about the U.K.’s 40% inheritance tax, which now would apply on his global assets.

Haidar is selling his U.K. properties and plans to leave this summer. He’ll split his time between Dubai and Greece."

"Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all."

More: https://www.msn.com/en-us/money/personalfinance/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-they-re-fleeing/ar-AA1ISXw7

So they are getting rid of the billionaire leeches? Great, let them move.they. Clearly aren’t contributing to society in any meaningful way, let them move to Somalia.

They won’t, though, they’ll just have their tantrums and STFU in the end.

They were paying taxes before. Now the government won't get any revenue at all if they move out of the country.

[Anonymous]

Anonymous wrote:Short answer. Because they are scared. Every second of every waking moment they are afraid to stop to think about it. They know they were just lucky, to pop out from a right vagina, right time in a right place and are no better than any other working stiff trying to get by. They are scared to lose it all just as easily as they got it and no amount of wealth will ever be enough to ease that dread.

Shorter answer. They earned their property. The government just confiscates it "for the greater good". AKA Theft.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Short answer. Because they are scared. Every second of every waking moment they are afraid to stop to think about it. They know they were just lucky, to pop out from a right vagina, right time in a right place and are no better than any other working stiff trying to get by. They are scared to lose it all just as easily as they got it and no amount of wealth will ever be enough to ease that dread.

Shorter answer. They earned their property. The government just confiscates it "for the greater good". AKA Theft.

So they earn an obscene amount of property (money) and decide the best way to spend it is to fund candidates who want to destroy public education, ensure healthcare stays expensive, gut research and protect child molesters rather than fund hospitals, universities, museums, medical research and ensure the next generation has the resources to thrive. It’s a judgement call in their part, and they prove they are callous, evil people who do not want to make the world a better place. Hard to feel sorry for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Short answer. Because they are scared. Every second of every waking moment they are afraid to stop to think about it. They know they were just lucky, to pop out from a right vagina, right time in a right place and are no better than any other working stiff trying to get by. They are scared to lose it all just as easily as they got it and no amount of wealth will ever be enough to ease that dread.

Shorter answer. They earned their property. The government just confiscates it "for the greater good". AKA Theft.

So they earn an obscene amount of property (money) and decide the best way to spend it is to fund candidates who want to destroy public education, ensure healthcare stays expensive, gut research and protect child molesters rather than fund hospitals, universities, museums, medical research and ensure the next generation has the resources to thrive. It’s a judgement call in their part, and they prove they are callous, evil people who do not want to make the world a better place. Hard to feel sorry for them.

You can add whatever adjective you want. You have no idea how they are spending the money they earn and are making generalizations. The same could be said of billionaire democrat donors of which there are many.

You in fact are making everything more expensive by just dumping money on every problem, and the "problem solvers" are only to happy to raise prices and take that free government tax payer funded sugar.

That's how government spends $7.5 billion on Electric Vehicle chargers and has nothing to show for it. I'm tired of your redsitributionist schemes in the name of the "common good".

Your life runs on jealousy. Do better.