Democratic Primaries

NCProgressive

(1,315 posts)

60. "Wealth" is not all ecashable.

Tue Mar 10, 2020, 04:05 PM

Mar 2020

If tomorrow, person X invented a reusable and clean substitute for oil and started a company, that person will be instantly worth $10 billion which will be counted as "wealth" -- but that is just paper and worth not a whole lot if sold at once.

In any country, even in quasi-communist countries like Russia, the top 1% control most of the wealth. It is not an anomaly. It is the way statistics are kept.

One of my friends whose shares in a startup were valued at $120 million had to borrow money from me for rent. He couldn't sell them because the company was privately held and even if it went public, he couldn't sell all but a tiny fraction because of Section 144 rules and shareholder agreements.

He would be counted by statisticians as being worth $120 million but was barely making ends meet.

Next example.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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A question for Bernie supporters (and others may comment as well) [View all] NCProgressive Mar 2020 OP

I think loos is more difficult for young people to accept. RandySF Mar 2020 #1

There were young supporters of Pete, Amy, Kamala, Beto, Cory NCProgressive Mar 2020 #4

Exactly... nolawarlock Mar 2020 #30

i'm one of those Warren people barbtries Mar 2020 #70

That's because you're an adult. nolawarlock Mar 2020 #103

Yeah, I was a HUGE Elizabeth supporter too... Bernie, however, did just edge her out InAbLuEsTaTe Mar 2020 #104

Warren was such a good choice. I can't believe she didn't get a closer look. musicblind Mar 2020 #124

Most Sanders supporters are fine, tho. As for the angry minority Hortensis Mar 2020 #39

This. musicblind Mar 2020 #125

None of the other candidates peddled conspiracy theories in the first place... Hekate Mar 2020 #97

I blame Youth Soccer for many of their social problems and inability to cope with disappointment. NurseJackie Mar 2020 #31

:) And the notion that every child needs not just his Hortensis Mar 2020 #43

Then there are the helicopter parents who call the University when little Johnny is failing. redstatebluegirl Mar 2020 #86

Number one step when becoming an adult... ahoysrcsm Mar 2020 #128

I don't think some of them can even do that. redstatebluegirl Mar 2020 #129

Exactly. ahoysrcsm Mar 2020 #130

I started voting at 18. Codeine Mar 2020 #101

Right. You understood. Me too. Hortensis Mar 2020 #111

If Biden was losing, PatSeg Mar 2020 #2

Chuck Daly, former Detroit Pistons coach, used to say, "if you're gong to lose, lose big". LisaM Mar 2020 #3

Very valid points. Thanks! NCProgressive Mar 2020 #5

Message auto-removed Name removed Mar 2020 #6

That is an entirely different issue. Please stick with what I asked. NCProgressive Mar 2020 #7

Post removed Post removed Mar 2020 #26

Every candidate's supporters get dissatisfied .. but they support the nominee NCProgressive Mar 2020 #34

Message auto-removed Name removed Mar 2020 #44

So ... it is not "the best person for the job from the available" NCProgressive Mar 2020 #45

Does it matter when looking to keep Trump in office that hurts ALL of us? Does it even matter a LizBeth Mar 2020 #9

That is what bothers me about it. NCProgressive Mar 2020 #50

Right. LizBeth Mar 2020 #53

Every answer is a reponse, however not every reponse is an answer. LanternWaste Mar 2020 #13

Obama's win was rarely ever in question. TwilightZone Mar 2020 #14

Quite a few, I've seen some estimates as high as 25% Doremus Mar 2020 #15

That is a deflection. Not an answer to the original question. NCProgressive Mar 2020 #36

That's all they have. William769 Mar 2020 #52

The problem is that the question implies this is only an issue with Sanders' supporters. progressoid Mar 2020 #55

It is an issue with only Sanders' supporters as far as I can discern. NCProgressive Mar 2020 #57

Now you're changing your premise to "rigging?" progressoid Mar 2020 #59

No .. I am sincerely looking for answers. NCProgressive Mar 2020 #61

Have you heard of Twitter? progressoid Mar 2020 #76

Make Boomers die of C-virus? That's an unbelievably vile Tweet. What is your point? Hekate Mar 2020 #102

NCProgressive asked for examples of how the frustration manifests itself. progressoid Mar 2020 #113

McCain was not a friggin lunatic Bev54 Mar 2020 #16

McCain was a RethugliKKKon POS... look it up!! InAbLuEsTaTe Mar 2020 #107

The only study I've seen showed that 24% of her supporters actually voted for McCain JudyM Mar 2020 #19

That has been debunked repeatedly. NCProgressive Mar 2020 #37

Where has it been debunked? Source? JudyM Mar 2020 #72

It has been by Pew Research Center NCProgressive Mar 2020 #79

Seriously. Winning 10% of all Dem votes doesn't winning 10% of HRC's voters. So not disproved. JudyM Mar 2020 #112

If Hillary lost the primaries by 15% of the votes NCProgressive Mar 2020 #114

No, I'm pointing out that the article you pointed to as proof doesn't prove it without all the JudyM Mar 2020 #115

One can extrapolate the data to show that what you stated is false NCProgressive Mar 2020 #117

no, it is true, the the total defection rate was around 30% (5% did not vote or left POTUS blank) Celerity Mar 2020 #122

BIIIIIINNGGOOOO!! It was the year of the PUMA!! Bernie supporters are loyal Democrats!! InAbLuEsTaTe Mar 2020 #109

"Votes are not owed, they are earned." TexasTowelie Mar 2020 #40

Not as many as propaganda claims. If 25% of HRC voters went to McCain blm Mar 2020 #51

I can understand it renate Mar 2020 #8

Post removed Post removed Mar 2020 #20

They are young, but some of the older ones really believe all of this is "free" it is not. redstatebluegirl Mar 2020 #28

It's the difference between a movement and a campaign. TwilightZone Mar 2020 #10

Well stated.. thank you! Thekaspervote Mar 2020 #80

An honest explanation philly_bob Mar 2020 #11

Sanders didn't run in 2008. TwilightZone Mar 2020 #17

You're right, of course, TZ. It was 2016. /nt philly_bob Mar 2020 #33

Agree. Doremus Mar 2020 #21

I think the term Turin_C3PO Mar 2020 #23

Dirtbag left is what they call themselves. TwilightZone Mar 2020 #27

THIS x 1,000,000!! InAbLuEsTaTe Mar 2020 #106

I think the angriest are independents who finally see themselves in Bernie and Bernie had a chance. aikoaiko Mar 2020 #12

Independents are split or favoring Biden in polls. TwilightZone Mar 2020 #29

yes, not all independents are for Bernie. I didn't think I needed to say that. aikoaiko Mar 2020 #38

Patience, Luke... lambchopp59 Mar 2020 #18

There actually Turin_C3PO Mar 2020 #22

That's not too complicated el_bryanto Mar 2020 #24

A different kind of denial -- plus the lies have continued for 4 year JT45242 Mar 2020 #25

Bernie is unique in that Ron Green Mar 2020 #32

There is no rigged system. NCProgressive Mar 2020 #41

LOL. Ron Green Mar 2020 #48

How did Geithner and Summers, both progressive Democrats rig the system? NCProgressive Mar 2020 #49

They didn't rig it, neither did Obama. They're all just part of it. Ron Green Mar 2020 #54

Give me some evidence of a "rigged" system NCProgressive Mar 2020 #56

When the 1% Turin_C3PO Mar 2020 #58

"Wealth" is not all ecashable. NCProgressive Mar 2020 #60

I get all that Turin_C3PO Mar 2020 #63

In any dynamic and innovative economy NCProgressive Mar 2020 #65

Ways to redistribute wealth include Turin_C3PO Mar 2020 #68

All our candidates are for what you stated - not just Bernie NCProgressive Mar 2020 #71

I agree that our candidates Turin_C3PO Mar 2020 #73

OK, SO EVERYONE IS NOT AS SMART AS YOU. Ron Green Mar 2020 #64

This is not about being right or wrong NCProgressive Mar 2020 #66

So have you answered your question yet? Ron Green Mar 2020 #77

"Only Bernie".... no he isn't the only one. He lead you to believe it, but it is not so. Thekaspervote Mar 2020 #87

I'm not hearing him promising free stuff. Ron Green Mar 2020 #94

If you've got a large, intricate and involved organization you don't appoint a concert pianist.... George II Mar 2020 #62

They're not corrupt. They just do what they do. Ron Green Mar 2020 #74

Actually, you know and I know that there is no "free" stuff NYMinute Mar 2020 #42

You raise very good points mcar Mar 2020 #35

To me, settling for Biden represents... TCJ70 Mar 2020 #46

I am not asking why you're supporting Bernie -- your answers are fine. NCProgressive Mar 2020 #47

Yet you seem to think your candidate will magically mcar Mar 2020 #69

I neither said, nor believe, any such thing... TCJ70 Mar 2020 #98

i lay some at bernies door his rhetoric about who is rival is..look at how he spoke about dawn5651 Mar 2020 #67

The trouble accepting staying in the same old rut. rickyhall Mar 2020 #75

Post removed Post removed Mar 2020 #78

You're answering why you're supporting Bernie. I get that. NCProgressive Mar 2020 #81

Gee, I don't be know... maybe because the primary race is still on?! InAbLuEsTaTe Mar 2020 #108

....... ehrnst Mar 2020 #118

I don't have a hard time accepting that Bernie is losing. 10 days ago he wasn't pampango Mar 2020 #82

Thank you for a reasonable and rational response. NCProgressive Mar 2020 #83

Right again!! InAbLuEsTaTe Mar 2020 #110

I would say this goes for Biden supporters as well. mysteryowl Mar 2020 #84

This is the truth. mountain grammy Mar 2020 #89

True. I have the same views as you. mysteryowl Mar 2020 #119

I discovered this today mrs_p Mar 2020 #121

I think we're seeing a serious schism in our Party. It's possible we may see the Party fracture jalan48 Mar 2020 #85

That would be Turin_C3PO Mar 2020 #88

Yes it would be a big problem. jalan48 Mar 2020 #92

I think most are tired of always having marlakay Mar 2020 #116

Then the young people need to get out and vote. Turin_C3PO Mar 2020 #120

I agree but I was talking about marlakay Mar 2020 #123

There is a saying called "cutting one's nose to spite the face" NCProgressive Mar 2020 #93

I wish everyone could agree on the radical changes that are needed to meet the problems we are jalan48 Mar 2020 #96

I was also a Hillary supporter in 2008. If you give that campaign CentralMass Mar 2020 #90

That has been debunked already NCProgressive Mar 2020 #95

There ard other studies that support it. CentralMass Mar 2020 #99

I think you're right about that...Bernie's supporters are some of the most loyal Democrats there are InAbLuEsTaTe Mar 2020 #105

In two words "Existential Dread" BlueWeirdo Mar 2020 #91

It's hard for those who see The Mouth Mar 2020 #100

My healthcare premium is double my mortgage. I could lose my house without drastic action Liberty Belle Mar 2020 #126

Bernie would not have helped you. showblue22 Mar 2020 #127

sanders staying will only hurt him Gothmog Mar 2020 #131