Melvyn11:

I said it earlier in the discussion. I don't have problem with billionaires as persons. People just kept jumping In and dropping trash dragging the issue to irrelevant places.
This is exactly my take on the billionaires issue. Policies should have been initiated right from day one from preventing individuals hoarding such amounts.

You still don't get it. There is nothing wrong with being a billionaire, I believe it's what everyone wishes for or aspires to.

Rather, the problem is the very large wealth disparity and the few ultra wealthy individuals.

I expected you to point out that no idea is worth 150 billion dollars. If so Albert Einstein, Alan Turing, Nikolai Tesla would be among the richest men. These men revolutionized their fields in unique ways.
To be that wealthy means you must have been very savvy in business and most likely rigged a system.
Buffet is just a very good investor, he didn't revolutionize an idea or industry.
You suggesting workers be dashed shares freely removed substance from your argument.
Your basic premise was good but you messed it up. Make I go sleep Abeg.

Melvyn11:

I said it earlier in the discussion. I don't have problem with billionaires as persons. People just kept jumping In and dropping trash dragging the issue to irrelevant places.
This is exactly my take on the billionaires issue. Policies should have been initiated right from day one from preventing individuals hoarding such amounts.

You want the state to put policies that will chase away investors, so that graduates will be jobless and will be looking for civil service jobs to do, right?

The tax you are collecting will cease to come to the government coffers again, when the investors take their ideas, services, products somewhere else. Do you know why most manufacturers invested in China before the recent issues?

Poor electricity in Nigeria pushed some blue chip companies out, to Ghana in 2000s. No investor will work in an inconducive environment. My dunlop plc shares, went with the air.

Many Nigerians lost their banking jobs, due to Sanusi's Cbn policies and some can't recover till now. Yet you want to make a policy that will limit company's growth and the ripple effect will hit hard on people you believe you are fighting for. You are a joke.

If you increase tax recklessly as you opined, you should be ready to provide lucrative jobs for affected staffs, when the company make her own decision to retrench or even close shop, if you really have the interests of those staffs at heart.

Many have given you the reasons your stringent policies wouldn't fly, yet you are like this boy below, thinking he has constructed a plane.

Watch and pray, not just pray alone. The watch part is very important and covers giving what belongs to Caesar to Caesar.

Religion should not turn us to fools.

Pastors and Islamic leaders should take note.

Abba Kyari tests positive for COVID-19 and is transferred to Lagos for treatment. Buhari allegedly tests negative but is now allegedly coughing and unwell, and as a result the Presidential ICU has been activated.
Nigeria's egungun is dancing blindfolded on the express. Egungun be careful.

raumdeuter:

Why? WHy should the creator of jobs be taxed heavily? Let me bring it down to you, You make 5M next thing you likely will do is enjoy small and look for how to turn the 5m into 50M, thereby employing more people and spreading the money around, If Lagos state now says ok you make 5M, govt takes 4M, So how will it benefit you or the rest of the populace


Let me use a hypothetical example of say Govt bails out Amazon, Do you think without the bailout Bezos will ever starve? What of the millions of workers who benefit from him directly or indirectly? If you run down billionaires and owners of business, Will the govt create those jobs?


Education is an investment in your life. You will get the most benefit for what you invest in youself, So why should the govt give you this education free. In US, its free till secondary school, AFter sec school, you decide you want to be an Accountant and I decide I want to be a boxer, why should govt subside your life dreams by giving you free tuition and not pay for the cost of my training and gym to become a boxer?, Why should part of my taxes be taken to sponsor you in achieving your dreams. If Janet decides to be a porn star or a model should govt also finance her training too?


How much can govt give the people and for how long? The greatest help you can do for an able bodied man is to get him back to work quickly where he can earn money and feed himself and his family.

If comanies are helped back on their feet, they can hire people who will in turn feed themselves and grow the economy around them
When Detroit auto industry went down, Obama bailed them out, the companies came back to life and hired people back, the people hired were able to make purchases thus local businesses also came back.

If govt has been handing out money to those people since 2008, How long do you think able-bodied men and women will continue to depend on govt

You are trying to be clever by half Oga Dayo.

If big corporation will enjoy bail out by Govt funded by taxpayer money whenever crisis hit, then those big corporation can be taxed heavily when they are back on their feet. Yes they are being taxed quite high currently but considering the fact that they even enjoy tax breaks which in most times usually cover their tax liabilities which shouldn’t be so.

I see you stylishly left out the Universal Health Care which the US is struggling with. Do you know how many American dies annually because they cannot afford premium to get universal health care in America? Why should govt. leave her citizens at the mercy of these big pharmaceuticals?

Janet acting porn doesn’t need a degree neither does a football needs a degree to become one. It’s a bad example to give when we are discussing the effect of student loans on life in America. Most jobs requires a degree these days and the burden of getting one is not being made easier. If Govt can give bailout to big corporations when in crisis, why can’t they also give bail out to individuals when in crisis?

Social capitalism is the way forward!

larride:


You are trying to be clever by half Oga Dayo.

If big corporation will enjoy bail out by Govt funded by taxpayer money whenever crisis hit, then those big corporation can be taxed heavily when they are back on their feet. Yes they are being taxed quite high currently but considering the fact that they even enjoy tax breaks which in most times usually cover their tax liabilities which shouldn’t be so.

I see you stylishly left out the Universal Health Care which the US is struggling with. Do you know how many American dies annually because they cannot afford premium to get universal health care in America? Why should govt. leave her citizens at the mercy of these big pharmaceuticals?

Janet acting porn doesn’t need a degree neither does a football needs a degree to become one. It’s a bad example to give when we are discussing the effect of student loans on life in America. Most jobs requires a degree these days and the burden of getting one is not being made easier. If Govt can give bailout to big corporations when in crisis, why can’t they also give bail out to individuals when in crisis?

Social capitalism is the way forward!

These are all good points. However no one is really debating the fact that there should be better fiscal responsibility in terms of bailouts and tax relief for the elite, or in terms of greater social responsibility in return from the elite. The problem people had with the initial poster was his claim that billionaires should not exist or that the existence of a billionaire is a pointer to a failed system.


Socialism as an experiment failed in the Soviet Union, China, and in Cuba. It has become abundantly clear that capitalism with a little mix of social justice is the bedrock of a progressive society.
Expecting more social responsibility from billionaires is reasonable, claiming that their very existence is incongruous with a successful society is not.

I totally accept social capitalism is the way forward, however countries that have practiced variants of this like the Scandinavian countries and even the UK under Tony Blair's Third Way, like Nihilist alluded to, still produced billionaires. Any reasonable taxation system even with ultra-progressive taxation will still produce billionaires.

Melvyn11:


Amazon has 575,000 employees, making a median wage of $22,000 a year. Amazon has a total market value of $888 billion. If workers all collectively owned Amazon like I said before give employees their fair shares in the company, they'd be worth $1.5 million each, not making $22,000 a year. Instead, Bezos makes $22,000 every 10 seconds (literally) so his employees can make that in a year. Do you see what I am talking about? Billionaires should be considered criminals. No one earns a billion dollars. They steal it from the state and people wages.

You're obviously a kid. Wake up and learn how things work in the real world.

We're not in an utopian realm.

My G s back

afrodoc2:
Abba Kyari tests positive for COVID-19 and is transferred to Lagos for treatment. Buhari allegedly tests negative but is now allegedly coughing and unwell, and as a result the Presidential ICU has been activated.
Nigeria's egungun is dancing blindfolded on the express. Egungun be careful.

I say ooin, you know before if this man have headache he would have traveled
I love the way Corona is picking it victims in Nigeria
60+ men that doesn't have anything to offer us

I feel a more reasonable argument should be about ways to better make the gap between the rich and the poor smaller.

Not criminalizing people that use their ingenuity, brain power, and skills to create innovative products/services for humanity and thus can accumulate billions in their account.

iamoyindamola:
I say ooin, you know before if this man have headache he would have traveled
I love the way Corona is picking it victims in Nigeria
60+ men that doesn't have anything to offer us

Lols. You no get parents within that age bracket?

If coro eliminates Nigeria's problems (public office holders and politicians that loot our collective wealth), I say it deserves kudos.

iamoyindamola:
I say ooin, you know before if this man have headache he would have traveled
I love the way Corona is picking it victims in Nigeria
60+ men that doesn't have anything to offer us

Maybe that conspiracy theorist has a point. LOL

I just fear for my parents. May God help all of us.

gensteejay:

Lols. You no get parents within that age bracket?

If coro eliminates Nigeria's problems (public office holders and politicians that loot our collective wealth), I say it deserves kudos.

My parents aren't into politics, are yours?

iamoyindamola:
My parents aren't into politics, are yours?

Not at all. But your statement above is generalized.

gensteejay:

Not at all. But your statement above is generalized.

No...I was referring to the politicians
They fit the age bracket

Ibime:


That's good. Let them all catch it.

I wish I have some empathy to show but man I've ran out of stocks.

These are the same bastards who refused to bring Nigerian citizens stuck in Wuhan back to Nigeria when the coronavirus news broke and the death toll in China was astronomical.

Same fools who have neglected the nation's healthcare system because they have public funds that can fetch them treatments abroad. Make all of us die for this contraption.

See the sort of comments the buffoon governing my state is making amid a serious epidemic. Worst of it all is that, the same idiot arrived Abia State days ago after spending some weeks in America and has refused being quarantined.

iamoyindamola:
No...I was referring to the politicians
They fit the age bracket

Ok then. Well done

afrodoc2:
[/b]

Maybe that conspiracy theorist has a point. LOL

I just fear for my parents. May God help all of us.

Anything is possible. But not enough evidence supporting his stand. There are more pieces in support of the latter.

Nonetheless, strongly hope we all survive coro's regime.

Coro don dethrone the gods of religions.

Griffon:
You all must try and stay relaxed. The Western controlled media are sending out fear to y'all so as to suppress your immune system, that way you become vulnerable to the virus.

Most of the scores of death you read on the news are concocted figures, this thing isn't so deadly as feared. As a matter of fact, your chances of survival is at 85-90%.

Don't listen to your favourite celebrities who are claiming to have tested positive, those are craps. Don't believe most of the deaths announced on the news, most aren't related to Corvid-19, they could be other illnesses.

The elitist are doing everything possible to chain the universe with fear and carry out their agenda.

Boost your immune system, stick to your safety routines and watch your lifestyle. We're gon' be fine.

Cardi B believes that the celebs who're claiming to have tested positive for Coronavirus in America were only paid to say so.

She must be a conspiracy theorist too.

https://www.pulse.ng/entertainment/celebrities/cardi-b-claims-celebrities-are-being-paid-to-say-they-have-coronavirus-video/6bj5n8r

Pay attention you all.

Griffon:


I wish I have some empathy to show but man I've ran out of stocks.

These are the same bastards who refused to bring Nigerian citizens stuck in Wuhan back to Nigeria when the coronavirus news broke and the death toll in China was astronomical.

Same fools who have neglected the nation's healthcare system because they have public funds that can fetch them treatments abroad. Make all of us die for this contraption.

See the sort of comments the buffoon governing my state is making amid a serious epidemic. Worst of it all is that, the same idiot arrived Abia State days ago after spending some weeks in America and has refused being quarantined.

This comment is ridiculous.

gensteejay:

Anything is possible. But not enough evidence supporting his stand. There are more pieces in support of the latter.

Nonetheless, strongly hope we all survive coro's regime.

Coro don dethrone the gods of religions.

So people should still go on religious gatherings when the world is currently battling a very nasty disease or how exactly is coronavirus exposing religion.

Griffon:


Cardi B believes that the celebs who're claiming to have tested positive for Coronavirus in America were only paid to say so.

She must be a conspiracy theorist too.

https://www.pulse.ng/entertainment/celebrities/cardi-b-claims-celebrities-are-being-paid-to-say-they-have-coronavirus-video/6bj5n8r

Pay attention you all.

It's possible. She's human first before being a celeb. When this saga comes to an end, maybe we can get a better insight into this.

I don't think most of us know for certain how this virus-human war will end. Whatever happens, I know humanity will survive as it did during the past pandemics, plagues.

Bville02:


This comment is ridiculous.

The man is a fool. A buffoon who hasn't completed the only fly-over project he commenced in 2015, but feels flagging off an airport project is a much realizable target.

Griffon:


I wish I have some empathy to show but man I've ran out of stocks.

These are the same bastards who refused to bring Nigerian citizens stuck in Wuhan back to Nigeria when the coronavirus news broke and the death toll in China was astronomical.

Same fools who have neglected the nation's healthcare system because they have public funds that can fetch them treatments abroad. Make all of us die for this contraption.

See the sort of comments the buffoon governing my state is making amid a serious epidemic. Worst of it all is that, the same idiot arrived Abia State days ago after spending some weeks in America and has refused being quarantined.

They are dull and still display it on camera, imagine him saying abia is in the Bible

Melvyn11:

I said it earlier in the discussion. I don't have problem with billionaires as persons. People just kept jumping In and dropping trash dragging the issue to irrelevant places.
This is exactly my take on the billionaires issue. Policies should have been initiated right from day one from preventing individuals hoarding such amounts.

Have you seen Elizabeth Warren tax plan if not read it up. I read according to her plan if it had been implemented in 1982 it would have collected over $500billion over the last 37years. Some are saying It's going to be a game changer.

They don restrict media coverage to 13 only ooooooo

AIT... PUNCH.... SAHARA REPORTERS NO MAKE AM

What are they afraid of

This right here is very funny. Sancho is a possible signing than CHO. Ain't no way Chelsea will let CHO walk, if possible, not to United.

gensteejay:

It's possible. She's human first before being a celeb. When this saga comes to an end, maybe we can get a better insight into this.

I don't think most of us know for certain how this virus-human war will end. Whatever happens, I know humanity will survive as it did during the past pandemics, plagues.

Just like me, she's not a conspiracy theorist, she's only paying attention to what the media aren't saying. Read through her comments.

You know say she wise well well, she dey always talk am as en dey be.

Just look at this old fool, are we not in trouble like this.
You wear face mask then remove it because you want to sneeze
I need to start swimming lessons



https://www.youtube.com/watch?v=WU98K2Ov1Vg

Victornezzar:
They don restrict media coverage to 13 only ooooooo

AIT... PUNCH.... SAHARA REPORTERS NO MAKE AM

What are they afraid of

But...but...but... The donkey is negative na

Bville02:
This right here is very funny. Sancho is a possible signing than CHO. Ain't no way Chelsea will let CHO walk, if possible, not to United.

Who needs that British Owusu-Abeiye? He's now scheming for another maga contract?


United won't even sign him for free

iamoyindamola:
Just look at this old fool, are we not in trouble like this.
You wear face mask then remove it because you want to sneeze
I need to start swimming lessons



https://www.youtube.com/watch?v=WU98K2Ov1Vg

If you're still wondering why Nigger-area is a cesspit of retrogression, here's a cue.