Blackstone CEO

[gwl123]

Made $7.7 Billion today. Earned $650 mil last year. Pays only 15% tax while the rest of us pay around 30%. The tax laws make it so that these LBO firm executives don't have to pay more if money is earned from the stock market (ABC news). This encourages people to invest more in the stock market. Buy companies, cut jobs, flip, and make billions. The Iraq war will cost 1 trillion dollars and some of the uber rich gets a big tax break.

[Rearden]

Good for him. He helped to build a very successful company.

[Racerbvd]

And just who is stopping you from investing in the stock market?? Looks like penis envy to me.

[gwl123]

Uumm, maybe you should be taxed 60% on your earnings for those comments? Point being I don't care how much they make, its the tax breaks they get. Please read and try to see what's fair. Average Joes who are working hard don't pay 15% on the earnings.

[Porsche-O-Phile]

Might buy some on Monday with the intent of dumping in a couple of weeks. Dunno. Haven't decided yet.

[Racerbvd]

Originally posted by gwl123
Uumm, maybe you should be taxed 60% on your earnings for those comments? Point being I don't care how much they make, its the tax breaks they get. Please read and try to see what's fair. Average Joes who are working hard don't pay 15% on the earnings.

Making money is easy, keeping it is hard. why should


I be taxed 60% just so they can give my money to someone who makes bad decisions. Why does it bother you that he earns a big paycheck?"??

[Joeaksa]

Originally posted by gwl123
Uumm, maybe you should be taxed 60% on your earnings for those comments? Point being I don't care how much they make, its the tax breaks they get. Please read and try to see what's fair. Average Joes who are working hard don't pay 15% on the earnings.

Ahhh, what is stopping you from using the same tax laws to YOUR advantage? Just because he is smarter than the average bear you feel that he should be punished huh?

They work things to use the TAX LAWS to their advantage, the same laws that you and I use. Just because you did not use them as well is not a reason to be pissed at someone who did!

[Racerbvd]

Originally posted by Joeaksa
Ahhh, what is stopping you from using the same tax laws to YOUR advantage? Just because he is smarter than the average bear you feel that he should be punished huh?

They work things to use the TAX LAWS to their advantage, the same laws that you and I use. Just because you did not use them as well is not a reason to be pissed at someone who did!

Joe, what do you expect from someone who list this as their job

Occupation low wage

As it gets closer to 2008, we will see more & more of these losers from demakook.org. and move on .BS

[Joeaksa]

Byron,

With an attitude like that he will have a low wage all of his life.

We all started out with more or less the same chances in life and while some had a silver spoon in their mouth, most of us did not.

Ya work your rear off and hopefully get ahead. Griping about the other guy who made it instead of working hard is what liberals do. Glad we did not grow up that way!

[on-ramp]

there is NO WAY you can make that much money without robbing people. at some point capitalism stops and crimes begin. that Blackstone CEO belongs to an elite group of white Rich folk ., it's a Member's only club, and YOU are not invited. it's all American made. woooo
I'm quite certain my good friend Joe will chime in here shortly to say how he agrees with me.

[Joeaksa]

Originally posted by on-ramp
there is NO WAY you can make that much money without robbing people. at some point capitalism stops and crimes begin. that Blackstone CEO belong to an elite group of white Rich club, and YOU are not in it. it's all American made. woooo

Another liberal spouts off.

Please show us how the CEO of Blackstone robbed people. When you get finished doing that, pls call the police and have them file charges against him and possibly you can collect some damages.

Doubt that you will as you are just spouting off with no proof to back any of this up. Oh yea, how about the people in Europe, China, Russia and so on who make the same or more money? They are not Americans so its not an American "club" at all.

Off Ramp, when are you going to learn? BTW, you have no idea which "club, if any" I am in so please do not write crap like this!

[on-ramp]

One man - $7.7 Billion in one day. 34 Million Americans living in poverty.
God Bless America. Something is seriously screwed up here folks!
7.7 Billion is a lot of money and can solve many problems in our country. Do you think it's fair this guy only pays 15% taxes ??? Is it because he can afford better lawyers? Is that how that works??

[Joeaksa]

Originally posted by on-ramp
One man - $7.7 Billion in one day. 34 Million Americans living in poverty.
God Bless America. Something is seriously screwed up here folks!

going back to the original poster. why does the 7.7 Billion $ man pay only 15% tax while the rest of us pay around 30%+
Is it because he can afford better lawyers? Is that how that works??

Off Ramp, Off Ramp, Off Ramp,

How many times do we have to susplain it to you??!!

The CEO did not make this money in ONE day, he sold the stock in one day. He worked his assets off for years to get the company to the point where it was finally worth something, then worked some more to the point where it was a success. Then and only then did he finally get some gravy out of it.

Now, how many years did he pour 16-18 hour days into it, missing family events and taking no holidays to achieve this? We will never know but it sure was not in a day, week, month or year. You could have done the same thing, started a company like this and be rich now. Why didnt you do it? Is he smarter than you are? Works harder? What is it?

34 million Americans living in poverty, and a large part of them doing so because they choose to suck off of the system instead of getting a job and working to get ahead. Or do you feel that the CEO should take part of his money, the money HE worked for and give it to those who choose not to work and suck the system dry? Where do you get these childish ideas?

You are partially correct here in that something is wrong here. Its when we have people who do not have the gumption to push as others have done, (and many have done so and succeeded) yet continue to beyotch, gripe and moan because they did not have what it took to do the same thing needed to get ahead in life.

You can afford the same lawyers and tax accountants. Why didnt you hire them and pay less on taxes?

Poor poor baby...

[on-ramp]

I don't have a problem with rewarding hard work. However, the question at hand was about his tax liability. and whether it was fair. just answer the question without the lectures. thank you for your cooperation

btw, he sold the stock in one day and made 7.7 Billion. doesn't matter how you spin it.

I can afford the same lawyers and tax accountants as the 7.7 Billion $ man ? are you for real?

[lendaddy]

Originally posted by gwl123
Made $7.7 Billion today. Earned $650 mil last year. Pays only 15% tax while the rest of us pay around 30%. The tax laws make it so that these LBO firm executives don't have to pay more if money is earned from the stock market (ABC news). This encourages people to invest more in the stock market. Buy companies, cut jobs, flip, and make billions. The Iraq war will cost 1 trillion dollars and some of the uber rich gets a big tax break.

In one day he will pay more in taxes than you, your father, your grandfather, your children, your children's children,children's children's children will pay in their entire lifetimes combined.

Should we assume your gratitude to this man goes without words?

[Joeaksa]

Glad to help. He hired the best tax people and consultants available.

These people are available to you and me, for a fee anytime we need them. They use the same tax laws that you and I use every year to do our taxes.

Will let you on a small secret. I own part of a wildcat oil well. My Father and I bought 3% of one way back in 1977 or so. Cost us $1700 each, which would have bought half of a pretty nice 911 at that time.

We took a chance and two of the three wells we put money in on were dry. The third hit paydirt, getting both oil and natural gas. We paid back our original investment in 18 months, then the rest was profit, month after month.

I have gotten a royality check every month for the last 35 years from this and every year I have as well gotten a very nice tax break on my entire tax bill because I was investing in the energy industry here in America. In the end the savings were 10,000 times what I ever put into the oil well.

Those who take a chance may win. They also may lose, and thats the chance we take when investing in something risky. The CEO of Blackstone won and won big and he deserves every penny and more. When people like you and the starter of this thread post silly things about someone like this it really shows a lot more about you than the gent who worked his assets off to get rich.

[on-ramp]

Originally posted by Joeaksa


34 million Americans living in poverty, and a large part of them doing so because they choose to suck off of the system instead of getting a job and working to get ahead. .

wow! are you the expert on poverty now?

[Joeaksa]

Originally posted by on-ramp
wow! are you the expert on poverty now?

Funny how you now try to sidestep the main issue. Well, if you really must know, I was very poor for a long time in life and for almost three years lived hand to mouth, in a crime ridden neighbourhood until I clawed my way out. Might be said that I know a bit about being poor.

You want to make fun of anything else or try to back up any of your silly comments above?

You are a funny man. Do not make much sense but really funny...

[red-beard]

$7.7 Billion * 15% = $1.155 Billion in Taxes.

How much will you pay this year?

[on-ramp]

people who live in poverty do not necessarily "choose to suck off of the system instead of getting a job and working to get ahead." granted , those types of people exist. however, some families just can't do it, for one reason or another.
ok, so this guy deserves 7.7 Billion for his accomplishments. did he find a cure for cancer?