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Warren Buffett reaps $40 billion from giant Apple stake since March bottom

 
mji71

User ID: 79133607
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07/16/2020 01:09 PM
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Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I'm all for capitalism and by no means an advocate for socialism ... but this headline makes me want to puke:

Warren Buffett reaps $40 billion from giant Apple stake since March bottom

[link to www.cnbc.com (secure)]

With so many suffering financially at the moment due to COVID-19 ... the fact that one man can reap $40 billion in a rigged financial market is crime against humanity.

The rich keep getting richer and the poor keep getting poorer is an absolute fact. The system is rigged for the rich to keep their wealth increasing.

I had to scrape every dollar yesterday to pay my $1,473 tax due to the IRS. Just not right...
BRIEF

User ID: 39607259
United States
07/16/2020 01:54 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I bet that feels great, like a huge nut!
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

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United States
07/16/2020 01:55 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I smiled at my second quarter statements...it's best to stay in the market instead of trying to time it...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 39607259
United States
07/16/2020 01:57 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Poor people are poor because they make poor decisions...If you want to be a rich person, you have to behave like one and stop throwing your money away and start investing it...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 39607259
United States
07/16/2020 01:58 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Read one of Warren Buffet's books...he began investing with just $100

Last Edited by BRIEF on 07/16/2020 01:58 PM
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
RomanianGuy

User ID: 79139148
Romania
07/16/2020 02:07 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
Doom mood!
Time to Dance Again:
Thread: Totentanz
BRIEF

User ID: 39607259
United States
07/16/2020 02:10 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
 Quoting: RomanianGuy


Warren Buffet has done nothing wrong...I don't agree with his politics, but he's not a bad person...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 39607259
United States
07/16/2020 02:11 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
He pays less taxes than his secretary, and I understand that because capital gains is not taxed like w-2'ers are taxed...

Last Edited by BRIEF on 07/16/2020 02:11 PM
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
ScrumpTheTexanModerator
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07/16/2020 02:15 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom


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Anonymous Coward
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Iceland
07/16/2020 02:16 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
He pays less taxes than his secretary, and I understand that because capital gains is not taxed like w-2'ers are taxed...
 Quoting: BRIEF


yea well he runs a corporation, ordinary people live paycheck to paycheck blah
mji71  (OP)

User ID: 79133607
United States
07/16/2020 02:17 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Read one of Warren Buffet's books...he began investing with just $100
 Quoting: BRIEF


Yeah but he started investing before the entire system was rigged.

Now it’s only the very rich who can work the rigged system to their advantage like Buffett has done these past few months ... no ordinary person could do this ... it’s sickening and I liken it to crimes against humanity.

My investments are meager because my income is meager ... and COVID-19 has made things considerably worse ... except for folks like Buffett.
Anonymous Coward
User ID: 77544843
Iceland
07/16/2020 02:19 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
when America was great, the Sain Street was leading the Wall Street

today we're all slaves of the Wall St.

the more unemployed people there are, the greener the stock market is, shows you how sick and fucked up world we're living in
RomanianGuy

User ID: 79139148
Romania
07/16/2020 02:19 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
 Quoting: RomanianGuy


Warren Buffet has done nothing wrong...I don't agree with his politics, but he's not a bad person...
 Quoting: BRIEF


I'm not saying he's bad, I have no idea, but commies are supposed to go after the rich. Not after... statues. LMAO.
Doom mood!
Time to Dance Again:
Thread: Totentanz
mr jenzie

User ID: 79135909
United Kingdom
07/16/2020 02:19 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
aww that's a shame

wonder what 40 billion worth of TEARS OF SADNESS looks like?
Anonymous Coward
User ID: 77544843
Iceland
07/16/2020 02:20 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
the Main Street was leading the Wall Street
ChvyV8Bldr

User ID: 75825237
United States
07/16/2020 02:23 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I smiled at my second quarter statements...it's best to stay in the market instead of trying to time it...
 Quoting: BRIEF


Yep. Exactly. I'm still waiting for my BTC to go back up.
Will we even know we were alive when we're dead? Me

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Anonymous Coward
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07/16/2020 02:26 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
takes money to make money. doesnt mean he is a genius. if i had billions, i could make billions too.
Anonymous Coward
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Czech Republic
07/16/2020 02:37 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I'm all for capitalism and by no means an advocate for socialism ... but this headline makes me want to puke:

Warren Buffett reaps $40 billion from giant Apple stake since March bottom

[link to www.cnbc.com (secure)]

With so many suffering financially at the moment due to COVID-19 ... the fact that one man can reap $40 billion in a rigged financial market is crime against humanity.

The rich keep getting richer and the poor keep getting poorer is an absolute fact. The system is rigged for the rich to keep their wealth increasing.

I had to scrape every dollar yesterday to pay my $1,473 tax due to the IRS. Just not right...
 Quoting: mji71


Your government fights tooth and nail over billions in stimulus for the poor and middle class.

Meanwhile no fucks given over trillion given to the rich.
BRIEF

User ID: 39607259
United States
07/16/2020 02:38 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
He pays less taxes than his secretary, and I understand that because capital gains is not taxed like w-2'ers are taxed...
 Quoting: BRIEF


yea well he runs a corporation, ordinary people live paycheck to paycheck blah
 Quoting: Anonymous Coward 77544843


Ordinary people yes, he is not ordinary...I ran a corporation for 26 years and retired, but it was also physically demanding and I was at the point I didn't need to feed my investments anymore, so I quit...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 39607259
United States
07/16/2020 02:40 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Read one of Warren Buffet's books...he began investing with just $100
 Quoting: BRIEF


Yeah but he started investing before the entire system was rigged.

Now it’s only the very rich who can work the rigged system to their advantage like Buffett has done these past few months ... no ordinary person could do this ... it’s sickening and I liken it to crimes against humanity.

My investments are meager because my income is meager ... and COVID-19 has made things considerably worse ... except for folks like Buffett.
 Quoting: mji71


You are just eager to get there...be patient and invest over time, there will come a day when you open a quarterly statement and go Holy shit I'm wealthy...

Last Edited by BRIEF on 07/16/2020 02:40 PM
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 39607259
United States
07/16/2020 02:41 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
I smiled at my second quarter statements...it's best to stay in the market instead of trying to time it...
 Quoting: BRIEF


Yep. Exactly. I'm still waiting for my BTC to go back up.
 Quoting: ChvyV8Bldr


Too risky for my conservative approach, but good luck...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 77082426
United States
07/16/2020 03:03 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
 Quoting: RomanianGuy


Warren Buffet has done nothing wrong...I don't agree with his politics, but he's not a bad person...
 Quoting: BRIEF


Lol
Anonymous Coward
User ID: 74096493
Canada
07/16/2020 03:12 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
 Quoting: RomanianGuy


Warren Buffet has done nothing wrong...I don't agree with his politics, but he's not a bad person...
 Quoting: BRIEF


Buffet gives massive contributions to planned parenthood.
BRIEF

User ID: 39607259
United States
07/16/2020 03:32 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
So instead of going after people like W.Buffet, the "commie" BLM goes after old statues. Lol, hilarious.
 Quoting: RomanianGuy


Warren Buffet has done nothing wrong...I don't agree with his politics, but he's not a bad person...
 Quoting: BRIEF


Buffet gives massive contributions to planned parenthood.
 Quoting: Anonymous Coward 74096493


Yeah, that's the politics part I disagree with...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 74844042
United States
07/16/2020 03:44 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Warren Buffett been asking to be taxed more.

Yet for years the legislative branch has not been able, but they passed tax cuts instead
KuvaszLove

User ID: 76863067
United States
07/16/2020 03:46 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Elon Musk made 6 billion over the weekend
BRIEF

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United States
07/16/2020 03:47 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Warren Buffett been asking to be taxed more.

Yet for years the legislative branch has not been able, but they passed tax cuts instead
 Quoting: Anonymous Coward 74844042


People who are retired and depend on dividends and such would be greatly harmed if they taxed investments as they do income on your W-2
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 68224088
United States
07/16/2020 03:49 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
so this puts him over 100 billion dollar net worth... and hes 90 years old and doesnt spend money crazily even like a millionaire would... = his kids and their kids, and their kids kids, and their kids kids kids will be MEGA wealthy. maybe ill be reincarnated by then.
BRIEF

User ID: 39607259
United States
07/16/2020 03:51 PM

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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
so this puts him over 100 billion dollar net worth... and hes 90 years old and doesnt spend money crazily even like a millionaire would... = his kids and their kids, and their kids kids, and their kids kids kids will be MEGA wealthy. maybe ill be reincarnated by then.
 Quoting: Anonymous Coward 68224088


He and Gates are donating their wealth...making money is a game to them, and to me but not on their level lol
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 78915790
07/16/2020 03:55 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
so this puts him over 100 billion dollar net worth... and hes 90 years old and doesnt spend money crazily even like a millionaire would... = his kids and their kids, and their kids kids, and their kids kids kids will be MEGA wealthy. maybe ill be reincarnated by then.
 Quoting: Anonymous Coward 68224088


He and Gates are donating their wealth...making money is a game to them, and to me but not on their level lol
 Quoting: BRIEF


why don't you say that this "donating" money is just another way of tax relief, evasion?

the more he gives, the more returns he'll get on taxes

when you and the rest of the elites will give away 99% of their wealth like Carnegie did 100 years ago, i'll take you seriously, until then GTFO
Anonymous Coward
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07/16/2020 03:58 PM
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Re: Warren Buffett reaps $40 billion from giant Apple stake since March bottom
He pays less taxes than his secretary, and I understand that because capital gains is not taxed like w-2'ers are taxed...
 Quoting: BRIEF


yea well he runs a corporation, ordinary people live paycheck to paycheck blah
 Quoting: Anonymous Coward 77544843


Buffet is a parasite that produces nothing.





GLP