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Tag Archives: ELizabeth Warren

The humiliation of Mike Bloomberg

24 Monday Feb 2020

Posted by pumpkinperson in Uncategorized

≈ 114 Comments

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Bernie Sanders, elevator shoes, ELizabeth Warren, height, Michael Bloomberg, The incredible Hulk

When I was four-years old I was obsessed with the Incredible Hulk. He was my hero and when older kids would become physically abusive, I would make the dinging noise that occurred whenever David Banner’s eyes changed colours as he transformed into the big green monster.

Even though I was still a four-year-old child, the psychological confidence that came with imagining myself transform into the Hulk allowed me to escape from much older bullies.

But then one day a six-year-old girl who lived across the street told me she was watching TV that night and saw Wonder woman beat up the Incredible Hulk. The idea that my hero, and someone who was as big and strong as the incredible Hulk could be beat up by a woman was so profoundly disturbing I was never the same after that. Even though the girl quickly admitted she had lied, the psychological damage was done.

I would never again have another alpha-male hero, and even today my heroes tend to be women like Oprah or nerdy men like Bill Gates. People whose power came not from muscle and physical strength, but from socio-economic power. Because socio-economic power lacks the concrete bravado of muscle mass, self-made billionaires could never be humiliated the was the Incredible Hulk was (in my neighbor’s lie).

But then Michael Bloomberg decided to run for president. At first he was like the incredible Hulk, simply buying hundreds of millions of dollars worth of add-time and jumping to second place in the polls.

Then came last week’s debate where one of the 10 richest men in America was eviscerated on live TV by a woman. And not just any woman, but a 70-year-old woman. And not just any 70-year-old woman, but a bookish wonky nerd with glasses. And not only did she dominate him verbally, but she smart enough to wear boots so she could tower over him physically. Adding insult to injury, she would mock his height in the days after the debate.

Watching this humiliating skeptical, I was reduced from successful professional man to that four-year-old boy who was just told the incredible hulk got beat up by wonder woman.

Warren hates billionaires and she wanted to expose one as nothing but an emperor who has no clothes, and boy did she. Did she ever.

I don’t even know how Bloomberg even shows his face after this. How does he look other billionaires in the eye. Maybe he can blame his lack of practice.

The best way for Bloomberg to recover is to buy a pair of six inch elevator shoes, and come out swinging in the next debate. Walk up to Elizabeth warren and say “no I wont let those women out of those nondisclosure agreements because I honor contracts unlike you, you wealth confiscating fake Indian witch!” and then walk up to Bernie Sanders and say “you might be able to fool these kids with your anti-war shtick, but you voted for the Iraq liberation action act which paved the way for the Iraq war you so hypocritically condemn others for voting for.”

And when Sanders tries to defend himself, Bloomberg could yell “YOU VOTED FOR THE WAR!!!!! YOU WILL BURN IN HELL FOREVER MORE!!!!!!!!!!!!!!!!!!”

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Interesting interview with Bill Gates

17 Sunday Nov 2019

Posted by pumpkinperson in Uncategorized

≈ 150 Comments

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Bill Gates, ELizabeth Warren, S&P 500, social IQ, wealth tax

I enjoyed the below interview with Bill Gates by NY Times journalist Andrew Ross Sorkin.

The interview begins with Sorkin praising Gates as “the most consequential individual of our generation”. I wouldn’t go quite that far, but it was refreshing to see Gates fully accepting praise of that magnitude without even feigning humility.

Aside from the erratic hand gestures and awkward foot tapping (which may be involuntary ticks), Gates showed good social IQ. He got laughs from the audience when he said people at bars feel comfortable talking to him so “I try to stay away”. When mocking other billionaires’ obsession with space travel, Gates admitted he’s read a lot of sci fi, but “not as much as them”: Audience laughter.

It was also interesting the way a super high IQ billionaire like Gates looks down on investment billionaires for engaging in zero sum parasitic behavior. Just as in every day life, criminals tend to be less intelligent than productive citizens, it could be that even among the smartest billionaires, (i.e. those that made their wealth in math related fields), the most productive math billionaires are smarter than the psychopathic math billionaires.

Gates’s thinly veiled criticism of Elizabeth Warrens wealth tax was also interesting. Warren wants people to pay 2% a year on every dollar of net worth over $50 million and 6% a year on every dollar over $1 billion. According to Warren’s wealth tax calculator, Gates would have to pay $6.4 billion a year on his $107.4 billion fortune (as of today). That really adds up over the decades and if she wins the nomination, a lot of rich folks will go absolutely ballistic.

Defenders of the wealth tax insist the rich would still get richer because simply putting all your money in the S&P 500 increases wealth by 9.8% a year on average, but if it were that simple, why do so many rich people fall off the Forbes 400 every year? Indeed of the 400 richest Americans in 1982, only two still rank among the 400 richest today.

The fact is few billionaires are liquid enough to put most of their fortune in the S&P 500. Their fortunes are typically stocks in the companies they built and selling them would cause them to lose value.

It seems unfair to tax people just because they are rich. If there must be a wealth tax, Warren should tax people with a high ratio of wealth to lifetime taxes already paid. So someone who has only paid $100 k in cumulative taxes, yet has a net worth of $1 million should perhaps be forced to pay a wealth tax, but someone worth $1 billion who has already paid $500 million in taxes, should not.

Better yet, skip the wealth tax and simply increase the estate tax and capital gains taxes as Gates suggests.

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