Brad Pitt (net worth: $300+M) is disgusted with the greed of Wall Street

Pitt is Gawd wrote:

Inglorious Basterds

You still watch Tarantino? Say no more.

asdfasdf wrote:

There are many millionaire conservationists out there, including the recently-deceased CEO of North Face. I don't advise talking ill of the dead as they might come back to get you (e.g., Jesus).

Don't worry, there won't be any rich people coming back to get you. Jesus said that all rich people will burn in the eternal fires of HELL.

Nobody gives a damn about Hollywoodies.

please try to keep up wrote:

pop_pop!_v2.1.1 wrote:

How? He traded acting in front of a camera for money and made a bunch. Conservatives should be overjoyed.

They don't have a problem with Pitt making money. They have a problem with him criticizing Wall Street for doing the same. He is a hypocrite.

He made it exchanging money for camera time. They make it on exploiting other's ignorance.

I'm still confused.

Liberalism = a mental disorder wrote:

you don't get it wrote:

tha difference between making and selling something vs simple rent-seeking, tho

If you don't think CEOs or investors provide value, you are just willfully ignorant.

Right. The guy who buys a patent for a $15 drug and raises prices to $750 is totally adding value to the world.

I have little problem with CEOs who generate value, and many do. Same for investors is the traditional sense of the word, like the money men that made Apple or my favorite restaurant possible. Speculation on financial markets? Zero value added.

you don't get it wrote:

Liberalism = a mental disorder wrote:

If you don't think CEOs or investors provide value, you are just willfully ignorant.

Right. The guy who buys a patent for a $15 drug and raises prices to $750 is totally adding value to the world.

That's capitalism and conservative values all in one. Why do you hate America?

you don't get it wrote:

Right. The guy who buys a patent for a $15 drug and raises prices to $750 is totally adding value to the world.

I have little problem with CEOs who generate value, and many do. Same for investors is the traditional sense of the word, like the money men that made Apple or my favorite restaurant possible. Speculation on financial markets? Zero value added.

That guy isn't making any money. Even if he does he will spend it on research that would not have otherwise been done.

Speculators add plenty of value for anyone's retirement savings and by allocating capital where it will be best used, at least in their opinions, which are occasionally wrong but infinitely better than yours.

Unless criminal activity is involved, you have to create economic value to make money. Get over it.

Liberalism = a mental disorder wrote:

Unless criminal activity is involved or you work for the government, you have to create economic value to make money.

Corrected.

pop_pop!_v2.1.1 wrote:

He made it exchanging money for camera time. They make it on exploiting other's ignorance.

I'm still confused.

And you always will be, simplethink liberal.

GTFO wrote:

Brad Pitt isn't gambling with other peoples money and exploiting loopholes and lobbying the GOV to make it easier on Wall Street corrupting our entire GOV

Hollywood is one of the biggest exploiters of tax loopholes. It aggressively shakes down government entities for tax breaks and exploits labor laws, Michael Moore being one of the biggest offenders.

Hollywood also causes more environmental damage than every industry except oil in California.

This is a fallacy. Production people in Hollywood average well over 100 for a little more than 26 weeks work per year. Because they are adolescents when it comes to managing money they have to work the entire year in bars and restaurants.

Hollywood swinging wrote:

Same diff wrote:

If you don't like his movies, don't go.

If you don't like your paycheck, don't work there.

It's the same thing. Those movies make huge profits to pay Brad Pitt by keeping the wages for the camera crew and editors down and the box office prices for everyday American viewers up. Why doesn't that make you angry? Why does one bother you and not the other?

This is a fallacy. Production people in Hollywood average well over 100 for a little more than 26 weeks work per year. Because they are adolescents when it comes to managing money they have to work the entire year in bars and restaurants.

Posted the person who doesn't work in the entertainment industry.

you don't get it wrote:

I have little problem with CEOs who generate value, and many do. Same for investors is the traditional sense of the word, like the money men that made Apple or my favorite restaurant possible. Speculation on financial markets? Zero value added.

Speculation provides liquidity, price discovery and pools risk.

pop_pop!_v2.1.1 wrote:

please try to keep up wrote:

They don't have a problem with Pitt making money. They have a problem with him criticizing Wall Street for doing the same. He is a hypocrite.

He made it exchanging money for camera time. They make it on exploiting other's ignorance.

I'm still confused.

CONjobs want to call Pitt hypocritical, but the fact is that Pitt made his money by helping creating something of value (to his movies' viewers), while Wall Street speculators simple gamble our money on other speculators make worse gambles with other peoples' money. Zero value added.

Liberalism = a mental disorder wrote:

you don't get it wrote:

Right. The guy who buys a patent for a $15 drug and raises prices to $750 is totally adding value to the world.

I have little problem with CEOs who generate value, and many do. Same for investors is the traditional sense of the word, like the money men that made Apple or my favorite restaurant possible. Speculation on financial markets? Zero value added.

That guy isn't making any money. Even if he does he will spend it on research that would not have otherwise been done.

Speculators add plenty of value for anyone's retirement savings and by allocating capital where it will be best used, at least in their opinions, which are occasionally wrong but infinitely better than yours.

Unless criminal activity is involved, you have to create economic value to make money. Get over it.

Yes, get over it. I've got a patent on gun powder ingredients that I will make a fortune from. It will only cost American gun owners a few hundred dollars per year.

The best part is it expires in the load, so you have to rebuy ammo. The industry loves it. I've got a bill in congress mandating it as a safety measure and VC is buying votes right now.

This is why America is great.