Tag Archive: Windows Operating System


“Billionaires should not exist.” — Millionaire U.S. Senator Bernie Sanders (D-Vermont)

“Every billionaire is a policy failure.” — Rep. Alexandria Ocasio-Cortez (D-New York)

“Personal wealth is at best an unreliable signal of bad behavior or failing policies. Often the reverse is true.” — The Economist

Super talented and accomplished media superstar Oprah Winfrey is worth $3 billion.

Basketball Hall of Famer Michael Jordan’s net worth is $1.9 billion.

Hip-hop star/investor Jay-Z just made into the three-comma club at $1,000,000,000.

Did government fail when Oprah, Michael and Jay-Z all succeeded and thrived, each because of their hard work, fortitude, perseverance and incredible talent?

Did anyone of them trade on their … privilege?

Almost DailyBrett doesn’t remember Oprah engaging in insider-trading.

Do you, Secretary Reich?

Ditto for Michael Jordan profiting from a monopoly unless Mr. Reich is pointing to Michael’s near-monopoly of talent against the competition he faced night-after-night in the NBA?

Is Jay-Z guilty of fraud, a political payoff or did he inherit his wealth?

Wonder if any of these “basically 5 ways” to accumulate a billion dollars in America apply to Nike founder/Philanthropist Phil Knight?

Have you read “Shoe Dog,” Professor Reich? Nike almost went under about nine times.

The former Labor Secretary’s “5 ways” Twitter screed is intellectually dishonest, and remarkably easy to discredit.

Alas, it is beneath the respect normally afforded to Robert Reich. Next time go high Mr. Reich instead of racing to the bottom. Talented and hard working people can earn their wealth on their own without resorting to nefarious deeds.

From a policy standpoint, we need to ask:

Should we punish Oprah, Michael, Jay-Z, Uncle Phil and so many others who worked their tushes off to legitimately make their fortunes with a punitive Elizabeth Warren 6 percent wealth tax (up from the original 3 percent proposal), and income tax rates reaching 90 percent or beyond?

Whattyathink Senators Sanders and Warren?

Class warfare — born out of jealousy — is not new.

The effective tax rate for achievers in the United Kingdom in the 1970s once reached 98 percent. If you don’t believe Almost DailyBrett, ask The Beatles … ask The Rolling Stones, who fled to France and recorded “Exile On Main Street.”

Can a near 100 percent confiscatory tax rate, which was thankfully eliminated in the UK by former Prime Minister Margaret Thatcher, happen in the United States of America? Let’s hope not.

Celebrate Instead of Hate?

Almost DailyBrett remembers boys and girls practicing basketball, so they could be “Just Like Mike.”

Your author can imagine girls admiring and wanting to be the next Oprah.

You should check Ellen’s interview with Bill Gates. They discussed the works and deeds of the Bill and Melinda Gates Foundation, donating a cumulative $50.1 billion to fight global childhood poverty and to improve public schools in our country.

According to Forbes, Gates is worth approximately $96.5 billion — give or take a shekel or two — making him the second wealthiest homo sapien on the planet. Virtually everyone in the first world is using Microsoft’s Windows Operating System, inspired and written by Gates. And his charitable foundation has contributed more than any other non-profit ever to make our world a better place (more than most governments).

His former company Microsoft is valued at $1.14 trillion, generates $96.5 billion in annual revenues, and employs 144,000 in well paying positions with full benefits and stock options. Taken together, the performance of Microsoft as a company and the generosity of the Gates Foundation, puts Bill’s wealth into perspective.

Can we have more “policy failures” just like Bill Gates, Phil Knight, Oprah Winfrey, Michael Jordan, Jay-Z and so many more?

Instead of hating people who are wealthy, let’s celebrate and cheer for the achievers (e.g., Michael Jordan).

If we are concerned about billionaires, our policies should focus on stimulating competition (i.e., über-tough content streaming, video game, smart phone markets…), not limitless redistribution or punitive taxation.

If our political intent is to further divide, demonizing billionaires (as others have been publicly denigrated for ages) is a good way to engender one of the seven Deadly Sins: Envy.

If our goal is growth and prosperity, then let’s encourage Millennials and the generations, who will follow, to shoot for the stars. Let them become tomorrow’s Oprah, Michael, Jay-Z, Bill Gates and Uncle Phil.

And if they succeed financially, let’s celebrate them and at the same time root for competitors to keep them on their toes.

https://www.economist.com/leaders/2019/11/09/billionaires-are-only-rarely-policy-failures

https://www.economist.com/finance-and-economics/2019/11/07/have-billionaires-accumulated-their-wealth-illegitimately

https://www.gatesfoundation.org/who-we-are/general-information/foundation-factsheet

https://almostdailybrett.wordpress.com/2019/02/06/the-lonely-guy-standing-in-line-for-a-burger/

https://almostdailybrett.wordpress.com/2012/09/25/taxing-uncle-phil-to-death/

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

https://almostdailybrett.wordpress.com/2011/10/04/taxing-the-fab-four-exiling-the-stones/

“I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.” – Bill Gates speaking to university students

There are 25.7 million Google results of an image of a middle-aged dude standing all alone with his hands in his pockets.

He is patiently waiting in line for his cheeseburger, fries and a coke.

The maroon pullover guy is patronizing the original Dick’s (1954), which unofficially serves as a gateway to the upper class Wallingford neighborhood in Seattle.

Is the pale dude (gasp) … privileged?

What gave him the right to buy a “Deluxe,” fries and a coke in Wallingford?

Did his parents dote on him? Where did he go to school? Where did he go to college?

Did he ever invent anything of value to society? Did ever provide a living to people?

Did he ever give back to make our world a better place?

And if the answers to these questions do not meet communal approval – Privilege? Family? College? Inventions? Philanthropy? – should we as a collective society even the score in the name of social justice?

It may seem silly to some to have this public good discussion, and yet 25.7 million Google results are triggered in 0.28 of one second, when one inquires about the guy in the sweater standing all alone in line at Dick’s.

Our Obsession With Wealth?

How many billionaires — members of the three comma club — would stand-in line all alone for a burger and fries?

And yet there was Microsoft founder Bill Gates, 63, waiting in line at Dick’s on Sunday evening, January 13.

In our always-on digital imaging world, it did not take long for the celebrity dude doing normal things to go viral, generating stories and impressions about Gates and his love of hamburgers.

The latest estimates place his net worth at $96.5 billion. Couldn’t Gates simply buy Dick’s as opposed to standing in line for a burger? Where was his entourage? Couldn’t he feed the homeless with Dick’s burgers?

And how did he make that money? Did he take full advantage of his privilege? Did he inherit the money?

As many Almost DailyBrett readers know, Gates and the recently departed Paul Allen founded Microsoft in 1975. Their entrepreneurial spirit and those that followed (i.e., Steve Ballmer and Satya Nadella)  resulted in the ubiquitous Windows operating system, X-Box gaming console, Microsoft Surface PC, Microsoft Cloud and so much more.

Microsoft is one of the three largest competing companies in market capitalization (share price x number of shares) at $814.5 billion, generating $96.5 billion in total revenues and employing 134,944 around the world.

After departing the daily operations of Microsoft, the guy in the maroon sweater with his spouse established The Bill and Melinda Gates Foundation. The charitable organization bearing their names has given a reported $36 billion to date to alleviate third world poverty and suffering. They are without any doubt the most generous philanthropists in America.

And yet …

No Good Deed Goes Unpunished

“The problem with socialism is that you eventually run out of other people’s money.” – Former UK Prime Minister Margaret Thatcher

In her quest to become the 46th President of the United States, Massachusetts Senator Elizabeth Warren has proposed a 2 percent surcharge on net assets – not annual income – exceeding $50 million, and another 1 percent on billionaires.  Is Warren’s  “wealth tax” really confiscation in disguise?

There are questions about whether a confiscatory surcharge of assets – not an income tax – is permissible under the U.S. Constitution. This legal question is above the pay grade of Almost DailyBrett.

Having said that, your author must ask: Why do so many Washington elites want to punish achievement, service and philanthropy?

Some rationalize this obsession with wealth as a quest to reach some far-reaching social justice nirvana when the solution is the same-old tired remedy: wealth redistribution targeting those who provide great products, create jobs and give back to the less fortunate.

The answer always comes down to new and more burdensome taxes, but in Senator Warren’s case she calls for outright confiscation of assets. One thing is certain is the redistribution does not stop there. There will also be increases in tax rates, most of all the top rate from 39.6 percent, hiking it to 70 percent, 80 percent, 90 percent or beyond.

Once you have raised taxes and confiscated assets is that the end … or worse … is that just the beginning?

What’s next? Fees on stock and mutual fund transactions? Surcharges on bank accounts? Is the sky the limit?

How about a wealth tax/surcharge on Bill Gates’ hamburger?

https://www.geekwire.com/2019/billions-served-bill-gates-photographed-standing-line-burger-dicks-drive-seattle/

https://www.ddir.com/

https://www.seattlepi.com/seattlenews/article/Billions-served-Bill-Gates-photographed-standing-13539669.php

https://www.washingtonpost.com/outlook/2019/01/24/senator-warrens-plan-tax-ultrawealthy-is-smart-idea-whose-time-has-come/?utm_term=.251e17e49629

https://www.microsoft.com/en-us/Investor/earnings/FY-2018-Q4/press-release-webcast

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

https://almostdailybrett.wordpress.com/2012/09/25/taxing-uncle-phil-to-death/

https://www.businessinsider.com/biggest-projects-of-generous-philanthropists-bill-and-melinda-gates-2018-8

https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out

 

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