(This guy’s arrogance is amazing): Bill Gates: We will have another financial crisis like the one in 2008—it's a 'certainty
Bill Gates: We will have another financial crisis like the one in 2008—it's a 'certainty
8:00 AM ET Wed, 7 March 2018
The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one.
During a Reddit "Ask Me Anything" last week, when Gates was asked if, in the near future, the U.S. will have another crisis similar to the one in 2008, he offered a blunt response: "Yes. It is hard to say when but this is a certainty."
He added, "Fortunately, we got through that one reasonably well. Warren has talked about this and he understands this area far better than I do."
Gates concluded his AMA response by saying, "Despite this prediction of bumps ahead, I am quite optimistic about how innovation and capitalism will improve the situation for humans everywhere."
"Don't watch the market closely," he advised those worried about their retirement savings at the time. "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results."
What an article! As long as Bill, Warren, and the stock market aren’t affected by those dirty plebs freaking out about watching the 401k plans turn into nothing, things will be just fine. It doesn’t matter that the crash will come because of Wall Street corruption. It doesn’t matter that the so-called ‘Dodd Frank’ protections against Wall Street fraud and lies are being dismantled even as it becomes more obvious with every day that we need MORE protection from these blood-sucking cretins, the lowest of our low, those that get fatter and richer everytime we lose more and more of what little bit we have left. And the feeding frenzy is being enabled by not just the right, but here are the ‘Lefty’s’ pushing for deregulation:
Here are the 17 Democrats that voted against the motion to proceed:
Michael Bennet of Colorado
Tom Carper of Delaware
Chris Coons of Delaware
Joe Donnelly of Indiana
Maggie Hassan of New Hampshire
Heidi Heitkamp of North Dakota
Doug Jones of Alabama
Tim Kaine of Virginia
Angus King of Maine
Joe Manchin of West Virginia
Claire McCaskill of Missouri
Bill Nelson of Florida
Gary Peters of Michigan
Jeanne Shaheen of New Hampshire
Debbie Stabenow of Michigan
Jon Tester of Montana
Mark Warner of Virginia
Senators are looking to ease mortgage regulations on small and regional banks.
Yay! Makes you really want to run out and vote for these bastids, right?
The destroyer of the American educational system uses old Warren B. as ‘back up’ for his bullshit. The guy that brags he’s not leaving his kids a dime. Fucking old fraud. He’s doing better than that. He’s started a foundation in his kids names and donated his STOCKS for their funding as well as to Bill & Melinda’s family slush fund. So right there old Warren ensures no taxes on the ‘transfer’ of those stocks to the kiddie’s & B&M’s foundations. But here’s the big pay-off. There’s no taxes if and when the stocks gain in value or are sold!! So technically it’s true, he didn’t leave his money to his kids. He did ‘em even better. He left them CONTROL without future tax liability. Pretty sweet, huh? That’s old Warren for you. He started out a corporate raider just like Romney was. But Buffet had and has a much better PR team.
The things Gates and Buffett NEED from the dirty plebs is to invest your retirement funds, no matter how bad things get just hold on from corporate crime to crime, and whatever happens, SUPPORT WALL STREET!!
Because Warren says if you do:
Warren Buffett Shares the Secrets to Wealth in America
By WARREN BUFFETT January 4, 2018
I have good news. First, most American children are going to live far better than their parents did. Second, large gains in the living standards of Americans will continue for many generations to come.
In 1776, America set off to unleash human potential by combining market economics, the rule of law and equality of opportunity. This foundation was an act of genius that in only 241 years converted our original villages and prairies into $96 trillion of wealth.
The market system, however, has also left many people hopelessly behind, particularly as it has become ever more specialized. These devastating side effects can be ameliorated: a rich family takes care of all its children, not just those with talents valued by the marketplace.
In the years of growth that certainly lie ahead, I have no doubt that America can both deliver riches to many and a decent life to all. We must not settle for less.
Notice that Buffett says everything hinges on the health of the stock market too. The main focus of his concern is the same as Gates. That’s the only plan they’ve got. Save them and they’ll something something something for the Great Unwashed. They’re not sure what, or at least they’re not saying, but JUST TRUST THEM! They’re the good bloodsuckers. Can’t you see them working in the soup kitchens and financing health care events for the homeless? Neither can i!
Oh, and as for old Warren. Maybe if the fucker paid his taxes a few of the benefits he has like food, shelter, healthcare, etc., just might ‘trickle down’ to the rabble.
Warren Buffett's Supersized Tax Deduction
According to his filing with the SEC, Buffett converted 14,000 class A shares to 21 million class B shares July 5 to complete the donation. Despite the gift, he is still worth over $59 billion. That is up from $53.5 billion in March, due to appreciating Berkshire Hathaway stock.
The bulk, 17,458,431 shares or about $2 billion, went to the Gates Foundation. The balance was split between the Susan Thompson Buffett Foundation, named for his late wife; and his children’s charities, the Howard G. Buffett Foundation, the Sherwood Foundation and the NoVo Foundation.
When someone donates stock, what is the tax effect? The donor gets a charitable contribution deduction based on the fair market value of what is given. Value and basis are different things and that means a big tax advantage.
Mr. Buffett donates at the market value of the shares but doesn’t have to pay income tax on his gain. That makes it far better than selling the stock, paying tax on the gain, and donating the cash. Giving appreciated property is the kind of wise tax planning you would expect from Mr. Buffett.
Donating appreciated stock is a much better tax move than selling it and donating the sales proceeds. By donating the stock, the gain the donor would experience on selling it is never taxed. The donee organization can hold or sell the stock. But since it is a tax-qualified charity, if it sells the stock it pays no tax regardless of how big the gain.
Like Mr. Buffett and Bill Gates, Mr. Zuckerberg wrote that he and his wife Priscilla have signed the Giving Pledge, committing to give away at least half of one’s fortune during his or her lifetime. Big donations yield big tax benefits.
And while these shits are creating ways to get out of paying their taxes, the the plebs sit fighting about RUSSIANS! and a crisis over one party (the Dims) outright rigging a presidential primary and the actual truth behind the fake Clinton Dossier.
But everything will be a-okay if we just support Wall Street!
EDIT: added time & date to Gates’ interview