DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Let's balance the budget; what would you cut?

**MeverikcNils** · 01-17-2010, 06:41 PM

Wow why don't you admit I proved you wrong. You don't need to totally eliminate either program, let alone both of them.

Why don't you stop fearmongering.

As for "the rich" leaving CA

http://blogs.wsj.com/wealth/2008/05/...-millionaires/

Ben, you're so stupid it is painful.

What most interests me is the shift in millionaire populations since last year. The total population of millionaire households grew 5.9% in 2007, a slight pick-up from the 2006 growth rate of 5%. Yet Los Angeles County, while still in the lead, lost about 7,000 millionaire households. Cook County in Illinois (which includes Chicago) also lost about 7,000, while Orange County and San Diego’s millionaire populations dipped slightly. Wow, you mean the state which was most effected by the real estate bubble where a very large percentage of paper millionaires' fortunes were based on real estate assets decreased when the real estate market imploded? Who would have guessed?!

The decrease in total numbers doesn't mean millionaires gave up their beach houses in Malibu and decided to set up house in some **** hole in Alabama and instead mostly just reflects the decreases in asset values due to the financial crisis and deep recession. Now, start posting on topic or I'll be forced to put you on ignore for stupidity the way half the forum already has.

Edit: The conclusion from your own link, you numbnut:

It means millionaires are still multiplying, but housing is taking its toll. Even though the millionaire stats don’t include primary homes, real estate is still an important wealth creator, and areas that are most dependent on the real-estate boom (California and Florida) have taken the hardest hit. Learn to read.

01-17-2010, 06:41 PM	#20
MeverikcNils Join Date Oct 2005 Posts 302 Senior Member	Wow why don't you admit I proved you wrong. You don't need to totally eliminate either program, let alone both of them. Why don't you stop fearmongering. As for "the rich" leaving CA http://blogs.wsj.com/wealth/2008/05/...-millionaires/ Ben, you're so stupid it is painful. What most interests me is the shift in millionaire populations since last year. The total population of millionaire households grew 5.9% in 2007, a slight pick-up from the 2006 growth rate of 5%. Yet Los Angeles County, while still in the lead, lost about 7,000 millionaire households. Cook County in Illinois (which includes Chicago) also lost about 7,000, while Orange County and San Diego’s millionaire populations dipped slightly. Wow, you mean the state which was most effected by the real estate bubble where a very large percentage of paper millionaires' fortunes were based on real estate assets decreased when the real estate market imploded? Who would have guessed?! The decrease in total numbers doesn't mean millionaires gave up their beach houses in Malibu and decided to set up house in some ** hole in Alabama and instead mostly just reflects the decreases in asset values due to the financial crisis and deep recession. Now, start posting on topic or I'll be forced to put you on ignore for stupidity the way half the forum already has. Edit: The conclusion from your own link, you numbnut: It means millionaires are still multiplying, but housing is taking its toll. Even though the millionaire stats don’t include primary homes, real estate is still an important wealth creator, and areas that are most dependent on the real-estate boom (California and Florida) have taken the hardest hit.** Learn to read.
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