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In reply to the discussion: Corruption Is Now Officially Legal in the U.S., ''But Must Be Done Right'' [View all]Octafish
(55,745 posts)32. What a billionaire makes an hour.
Warren Buffett: He made $12.7 billion this year or ~$37 million per day; ~$1.54 million per hour; or ~$25,694 per minute.
Bill Gates: He earned $11.5 billion this year which works out to be ~$33.3 million per day; $1.38 million per hour; or ~$23,148 per minute.
Sheldon Adelson: The casino mogul earned $11.4 billion this year which means he made ~$33 million per day; ~$1.38 million per hour; or $22,946 per minute.
Jeff Bezos: He made $11.3 billion this year or ~$32.7 million per day; $1.36 million per hour; or ~$22,745 per minute.
Mark Zuckerberg: The Facebook founder made $10.5 billion this year or ~$30.4 million per day; ~$1.27 million per hour; or ~$21,135 per minute.
Masayoshi Son: He made $10.3 billion this year or ~$29.86 billion per day; ~$1.24 million per hour; or $20,732 per minute.
Sergey Brin: He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
Larry Page: He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
Lu Chee Woo: He brought in $8.3 billion this year or ~$24 million per day; ~$1 million per hour; or ~$16,706 per minute.
Carl Icahn: The billionaire investor made $7.2 billion this year, which works out to be ~$20.87 million/day; ~$869,565/hour; or ~$14,492/minute.
SOURCE: http://www.businessinsider.com/what-warren-buffett-makes-per-hour-2013-12
So, a billionaire makes about as much as the average schmuck working three part-time, minimum wage jobs for a year, per minute. Then, they move it offshore.
Bill Gates: He earned $11.5 billion this year which works out to be ~$33.3 million per day; $1.38 million per hour; or ~$23,148 per minute.
Sheldon Adelson: The casino mogul earned $11.4 billion this year which means he made ~$33 million per day; ~$1.38 million per hour; or $22,946 per minute.
Jeff Bezos: He made $11.3 billion this year or ~$32.7 million per day; $1.36 million per hour; or ~$22,745 per minute.
Mark Zuckerberg: The Facebook founder made $10.5 billion this year or ~$30.4 million per day; ~$1.27 million per hour; or ~$21,135 per minute.
Masayoshi Son: He made $10.3 billion this year or ~$29.86 billion per day; ~$1.24 million per hour; or $20,732 per minute.
Sergey Brin: He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
Larry Page: He made $9.3 billion this year which works out to be ~$26.9 million per day, $1.12 million per hour; or $18,719 per minute.
Lu Chee Woo: He brought in $8.3 billion this year or ~$24 million per day; ~$1 million per hour; or ~$16,706 per minute.
Carl Icahn: The billionaire investor made $7.2 billion this year, which works out to be ~$20.87 million/day; ~$869,565/hour; or ~$14,492/minute.
SOURCE: http://www.businessinsider.com/what-warren-buffett-makes-per-hour-2013-12
So, a billionaire makes about as much as the average schmuck working three part-time, minimum wage jobs for a year, per minute. Then, they move it offshore.
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Corruption Is Now Officially Legal in the U.S., ''But Must Be Done Right'' [View all]
Octafish
Dec 2014
OP
I'd like to get some attorneys' takes on this, as IANAL. It would seem that
KingCharlemagne
Dec 2014
#6
I'm an attorney and I'd say no go. What duty does the person with inside info have to you?
Shrike47
Dec 2014
#22
OK, but if your investment 'win' (or capital gain) comes at the expense of my
KingCharlemagne
Dec 2014
#26
I agree with you. And as far as I know, it's called 'insider trading' and has
sabrina 1
Dec 2014
#44
There are some mornings when I wake up to find egg on my face, and this is surely one. Thanks
KingCharlemagne
Dec 2014
#47
She was being investigated for "insider" trading but that's not what got her prosecuted/sentenced..
2banon
Dec 2014
#45
As Sabrina1 points out immediately upthread, Stewart was a donor to Democrats. Her prosecution a
KingCharlemagne
Dec 2014
#48
Corruption is not only legal in the U.S., it's greatly admired by many citizens. nt
ladjf
Dec 2014
#15
The rot just keeps getting worse. At some point we will be forced to take drastic action.
EEO
Dec 2014
#25
Collectively, The American People Are Not Desperate Enough - Maybe Some Day
cantbeserious
Dec 2014
#31
K&R. Please post this as a separate thread and send me a private mail notifying me that you
JDPriestly
Dec 2014
#42
I take a different view: The law is the law, no matter what the courts say.
True Blue Door
Dec 2014
#36
The stock market is a fixed game. The winners win by cheating in many cases.
JDPriestly
Dec 2014
#41