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Reality check: Rich people, companies, investors are not st Sort by:
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Posted on Oct 27, 2008 at 06:41 PM

I am going to tell a couple of true stories how rich people, companies, and stockholders have acted when confronted with adverse actions in their lives. 1. One of the richest billionaires in the world was charged with a DWI. The press had a field day. You can imagine the press, I hope. She lived in a state (her home state) with a 10 percent income tax -on top of her federal tax. She moved to another state, which by the way had no income tax. Her home state probably lost $50,000,000 worth of taxes for the next 30-40 years, say $1.5 billion because of the way she was treated. Pretty stupid of the home state I would say. $1.5 billion would pay for a lot of schools and teachers. 2. A millionaire from South Africa wanted to leave the country 30 years ago. The government would only let him leave with $10,000. His plant, equipment, and materials were worth millions. SO, he made stainless steel parts that he shipped to various countries and sold them to the receiving distributors, which he also owned, BELOW manufacturing cost. He moved his money out of South Africa one below cost part at a time. He was not stupid. One can do the same thing with bananas or timber, or plywood, or any real property that you can imagine. 3. It does not take much to set up a offshore business with low taxes. Why should a stockbroker or analysis or fund manager or any other investor or owner have to live in the US? I recently saw a program on TV about how US farmers are moving to Brazil. Sheeee, when the farmers leave, what next. 4. When a US company like Budweiser sells out to a overseas company, who of course will pocket any profits, who wins?? Does the US taxpayer win?? The stockholders won because they got a great offer, but I wonder who will be directing the company in the future?? Someone from the US?? Do not under estimate the smarts of people that have worked hard all of their lives to become comfortable, or even rich. They have brains or they would not be where they are. They don't like thieves, even government thieves.

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Posted on Oct 29, 2008 at 06:10 PM

Happy Halloween!

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Posted on Oct 28, 2008 at 03:25 PM

Oh, I forgot to mention, the rich billionaires equally rich brother left the state also. Not sure of his reason. Another huge loss in revenue and talent. Then he died. I wonder what the loss in estate taxes added up too?

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Posted on Oct 28, 2008 at 04:21 AM

I heard there is an underground story about Bette Davis. She was already a very comfortable Billionaire and had some sort of contact with dead people's spirits. And she was given another comfortable billion and more so by these spirits and they told her "you will come back as Marylin Monroe, you will come back over and over again like all people do and every single life time from now on we will have money for you." Well, she trusted the wrong man because these dead spirits did not have bad intentions, they went to dig up her money, and as soon as they found it, he murdered her on the spot and covered her death. So no one new she had died this way and figured she died at an older age. But she really died at about age 30. And the same thing more or less happened to Marylin Monroe as I read in another book. Who knows? I think it is very difficult to have money for women these days unless they are prepared to almost murder for it like alot of men do according to statistics. What I do know woman die for is beauty as men die for money.

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