The 25 Richest People in the World 2019

Here’s a quick recap of the top 25 richest people in the world in 2019:

1. Jeff Bezos
2. Bill Gates
3. Bernard Arnault
4. Warren Buffett
5. Amancio Ortega
6. Carlos Slim Helu
7. Larry Ellison
8. Mark Zuckerberg
9. Michael Bloomberg
10. Larry Page
11. Mukesh Ambani
12. Sergey Brin
13. Francoise Bettencourt Meyers
14. Charles Koch
15. David Koch
16. Jim Walton
17. Alice Walton
18. S. Robson Walton
19. Steve Ballmer
20. Ma Huateng
21. Hui Ka Yan
22. Jack Ma
23. Sheldon Adelson
24. Li Ka-Shing
25. Lee Shau Kee

There is a new richest man in the world: Jeff Bezos.

https://wealthygorilla.com/top-20-richest-people-world/

Obama lied about the rich

A new Congressional Budget Office study has torn a hole in yet another one of President Obama’s insistent claims about the way things are.

The Congressional Budget Office study, “The Distribution of Household Income and Federal Taxes, 2010, ” shows that the top 40 percent of households, based on pre-tax income, paid a remarkable 106.2 percent of the nation’s income tax in 2010. Meanwhile, households in the bottom 40 percent paid “negative income tax,” receiving an average of $18,950 in government transfer payments while paying no federal income tax.

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About those fat-cat Hollywood hypocrites

Adam Carolla sez:

“They all pretend like they’re part of the 99 percent, but they’re not; they’re part of the 1 percent,” he said of Hollywood’s liberal elites. “They’re all incorporated, they all have tax attorneys, believe me. . .”

He pointed to liberal documentary filmmaker Michael Moore as the classic example of a Hollywood phony.

“Michael Moore makes $30 million a year, $40 million a year, but he’s part of the 99 percenters? Now he has to keep up that façade,” Carolla said.

“So he has to show up wearing the ball cap and the t-shirt, because if he ever shows up with a top hat and a monocle, he’s going to be tossed out of his club. … They all do the same thing.”

Rate of Return Nonsense

by Dick McDonald Ownership Society Institute

The most effective argument against the privatization of Social Security and Medicare that Democrats and their propagandists have used to defeat any meaningful discussions is “the stock market is too risky.”

Ignoring the reality that almost all existing government and private retirement and old-age medical plans invest in the stock market (with the exception of Social Security and Medicare which are pay-as-you-go “Ponzi-type” schemes) their “too risky” propaganda doesn’t hold water.

First we have to consider what we are doing in crafting plans to finance Social Security and Medicare costs. Isn’t it true that we are looking to finance costs that won’t arise until after the taxpayer retires from an active working life of 40 to 50 years? Therefore we need to craft a plan that is very long-term in nature not short-term.

This brings us back to the rate of return nonsense that is accepted by so many Americans – “the stock market is too risky.” Well it isn’t risky over the long-term. In fact its average rate of return in 40-year increments ever since the S&P 500 started being tracked in 1871 is almost 10% per year.

In its long march from 1 to today’s 12,000 the DOW industrial average has experienced dramatic “short-term” swings. The DOW fell 60% in the great depression. Generally it falls 40% in recessions. In today’s Great Recession it fell 50%. It tumbled from 12,000 to 6,000. However, we are not in unchartered waters. The market always rebounds and then moves higher. Isn’t it over 12,000 today?

Now let’s add to the anti-privatization rhetoric the common argument that I can only get 1% interest on my savings account. Well bank interest is not worthy of discussion. Let’s take a look at the rate of return stocks have experienced on the rebound as of today February 26, 2011.

1. The DOW is up 85% from its March 9, 2009 low.
2. NASDAQ is up 119% from its March 9, 2009 low.
3. S&P 500 is up 95% from its March 9, 2009 low.

Therefore if you funded your retirement on March 9, 2009 your portfolio has probably doubled in value. Now discard the nonsense about bank interest and embrace stocks – they are our salvation.

The long-term advantages of investing in a fund of stocks that track average rates of return are undeniable. A plan that invests in indexed-type stock funds is the only answer to solving our present entitlement-debt crisis.

By replacing Social Security and Medicare with a reasoned stock-investment plan we not only solve our debt problem but our economic problems as well. By investing our annual payroll taxes of $1 trillion in the stock market will generate trillions in new economic activity and tens of millions of jobs.

We must realize such a plan will make even a janitor a millionaire at retirement. The rich will become richer and the country that promised shining city on the hill. It will deliver the American Dream, not the political one but the one we all day dream of.

Today society is in a budget-cutting frenzy to solve its financial problems. However they are ignoring the revenue factor. New Congressman Colonel Adam West put it bluntly this morning “we don’t have a revenue problem we have a spending problem.” I totally disagree, we have both and the Tea Party is missing the boat by agreeing with West.

Republicans, Tea Partiers, Democrats and the talkers are presently recommending less than 1% solutions to our endemic spending problems and zero on direct revenue raising solutions. The solution in raising revenues is not by raising taxes but increasing tax revenues which only occur in a free society when tax rates are low and the returns on investments high.

Now if you understand the rate of return issue turn your focus on to increasing economic activity by reducing tax rates. The attending increase in economic activity will solve many of our problems by exploding the tax revenues without raising rates.

Those interested in cutting Federal taxes by 40% and reducing the average tax load on Americans by 40%, solving our debt crisis and exploding the economy upwards might consider the plan enumerated here.

The rate of return will take care of itself. Invest in America.

Where is the money?

It's here.

Those greedy "wealthiest 2 percent" must be fleecing the rest of us, right? Well, not exactly...

Who's fleecing who?

Read more: SOTU: A Coda

The rich get richer...

Remember when Democratic Rep Alan Grayson from Florida said Republicans just want you to die quickly?

Well, here's proof that Obama and the Democrats want YOU to die quickly:

The definition of who is "rich" has changed mightily over this campaign.

A year ago, Barack Obama called anyone making a million bucks rich. It was a big number, a round number, an easy to remember number.

Then it went down, and down some more. And now with Biden slip [$150,000 a year], maybe down still more...

So, the more people they start defining as "rich," the more of us that fit into this category: Hormone Found In Rich People Linked To Longer Life

That's a LOT more people fitting into the category that Democrats want to do away with (it all boils down to voter demographics...know many rich people that wanna vote for these jerks???)

Socialism and communism are such handy ways to do away with all of us (just ask Saul Alinsky, or Mao, or Chavez...or Obama...)

Guns of the Rich and Famous

...let them eat bullets...

Those who make $200,000 a year are 3% of all taxpayers but pay 52% of all income taxes

WSJ: The $31 Billion Revenue Fantasy

What is YOUR net worth? (IRS 'wealth squads' on the way!)

If you have one million dollars, you rank 5,161,876 on the Forbes Rich List: WHERE DOES YOUR NET WORTH RANK?

Newly created exam teams will scrub wealthy taxpayers' hedge funds, trusts and foreign accounts: IRS 'Wealth Squads' On The Way

If you ask the average man on the street he will tell you that Republicans are rich and greedy. He will tell you that Republicans control all the corporations and wealth and Democrats are the struggling middle class. He will be totally wrong.

These days, the super-wealthy in this country are Democrats and the working middle class are mostly Republican. Roles have essentially been reversed, but the old perceptions persist. The public doesn’t realize that most major public company Presidents are Democrats. They probably don’t know that virtually all the Wall Street moguls are Democrats. Most investment bankers are Democrats. The 25 most wealthy on the Forbes 400 list are Democrats. The presidents of Fannie Mae and Freddie Mac are Democrats. The four wealthiest men on the planet, Bill Gates, Warren Buffet, George Soros and Larry Ellison are all Democrats. Republicans are the shop owners, the engineer, the accountant, the small business owner. In other words, the middle class. Democrats are now the upper class and the lower class. The very wealthy and the very poor, for the most part. Republicans are in the middle...

And

...the press continues to paint Republicans as being rich, greedy and, yes, mean-spirited. The preponderance of newspaper reporters and newspaper owners are Democrats, or are independents who vote for and support Democrats. Republicans do not get fairly represented in the average newspaper or TV news station.

From an interview with Gary Aminoff

NYT: Obama’s Pledge to Tax Only the Rich Can’t Pay for Everything, Analysts Say

“There is no way we can pay for health care and the rest of the Obama agenda, plus get our long-term deficits under control, simply by raising taxes on the wealthy,” said Isabel V. Sawhill, a former Clinton administration budget official. “The middle class is going to have to contribute as well.”