Hey Billionaires: If You Think That Taxes Should Be Raised for Billionaires, You Should …

by Fred Fuld III

The United States government has a huge amount of debt. As a matter of fact, the government debt now stands at more than $30,482,000,000,000.

One way to pay down that debt is through higher taxes. There are several billionaires that believe taxes on billionaires should be increased for themselves and other billionaires

Some of these wealthy individuals include:

  • Warren Buffett
  • Bill Gates
  • George Soros
  • Eli Broad
  • Michael Bloomberg
  • Mark Cuban

But what I can’t understand is that if the wealthy really believe this, what are they waiting for?

Billionaires that believe their taxes should be higher should go ahead and make more payments to the U.S. Government.

Nothing is stopping them. They can write a check out right now. Apparently, quite a few people have “donated” to the government.

There are actually a couple ways to make these payments to help reduce the national debt. Here is what they need to do:

They can go to Pay.gov, and pay online by credit card, debit card, PayPal, checking account, or savings account.

If they pay by credit card, I hope they have a nice high credit limit. Maybe they can earn points on their payments.

The other way is by writing a check, and make it payable to the Bureau of the Fiscal Service, and, in the memo section, notate that it is a gift to reduce the debt held by the public. The check should be mailed to:

Attn Dept G
Bureau of the Fiscal Service
P. O. Box 2188
Parkersburg, WV 26106-2188

So what are these billionaires waiting for? Why don’t they put their money where their mouth is?

Billionaires 2020 Christmas Gift List

Reprinted courtesy of of BillionairesLife.com

You have a few days left to do your gift shopping. Here is a list of gifts for the billionaire who has everything. Buy them now before they are gone.

Submarine Sports Car

How would you like to drive a zero emissions vehicle that you can drive on land or underwater, offered by Hammacher Schlemmer.

Price: $2,000,000

Hammacher Schlemmer

007 Aston Martin DBS Superleggera Designed by Daniel Craig

This blue Aston Martin automobile has a powerful twin-turbo 5.2-liter V12 engine, and is being offered by Neiman Marcus. The famous 007, Daniel Craig, custom designed the car. Oh yeah; they will throw in an Omega limited edition platinum watch as part of the deal.

Price: $700,007

 

Neiman Marcus

 

Home for Half a Billion Dollars

If you are looking to move up to a larger house, The One should make the perfect home. This 100,000 square foot home in Bel Air, California has four swimming pools, a bowling alley, and a nightclub. For more info about this one of a kind property, contact The Society Group.

Price: $500,000,000

 

Amoro 18k White Gold Colombian Emerald and Diamond Ring 

For the special woman in your life, a perfect gift would be an Amoro 18k White Gold Colombian Emerald and Diamond Ring which includes a Colombian Emerald weighing approximately 4.08 carats, and two baguette cut genuine diamonds weighing approximately 1.01 carats.

Price: $110,000

Diamond Chess Set

For the Chess Player Who Has Everything: A Diamond Chess Set at a very, very expensive price.

Estimated price: $500,000

Ultimate Scooby Do Cell Set of 9 Rare Cells


A great gift for a Scooby Do fan. Some are signed by Bill Hanna and Joe Barbera.
Price: $40,000
Set of 10 Paris France Piefort Gold Coins

For the billionaire coin collectors, this gold coin collection might be the best gift. Graded by NGC.

Price: $31,590

Most Stolen Library Book

You can’t do without the most expensive investment book ever (and the most stolen library book), Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman, which is currently available for around a thousand dollars.


Babe Ruth Signed Baseball

A great gift for a baseball fan. A Babe Ruth Autographed Baseball, graded MINT 8, PSA/DNA Certified.

Price: $120,266.09

Trillion Dollar Bill

Finally, for the billionaire who wants to become a trillionaire, you can get a genuine $100 trillion dollar bill.

Merry Christmas, Happy Hanukkah, and Happy Holidays!!!

 

 

 

Disclosure: Some links include Amazon affiliate links.

Gifts for Billionaires

You have a couple weeks left to do your gift shopping. Here is a list of gifts for the billionaire who has everything. Buy them now before they are gone.

007 Aston Martin DBS Superleggera Designed by Daniel Craig

This blue Aston Martin automobile has a powerful twin-turbo 5.2-liter V12 engine, and is being offered by Neiman Marcus. The famous 007, Daniel Craig, custom designed the car. Oh yeah; they will throw in an Omega limited edition platinum watch as part of the deal, and of course two free tickets to the latest James Bond movie.

Price: $700,007

Neiman Marcus

Submarine Sports Car

How would you like to drive a zero emissions vehicle that you and drive on land or underwater. This car is offered by Hammacher Schlemmer.

Price: $2,000,000

Hammacher Schlemmer

Amoro 18k White Gold Colombian Emerald and Diamond Ring 

For the special woman in your life, a perfect gift would be an Amoro 18k White Gold Colombian Emerald and Diamond Ring which includes a Colombian Emerald weighing approximately 4.08 carats, and two baguette cut genuine diamonds weighing approximately 1.01 carats.

Price: $110,000

Chartwell Estate

If you are looking to move up to a larger house, Chartwell Estate should make the perfect home. It is also known as the Beverly Hills Mansion. This 25,000 square foot home in Bel Air, California has 11 bedrooms and 18 bathrooms.

Price: $150,000,000 (Sorry, this house was sold literally days ago to Lachlan Murdoch)

photo by Alan Light

Diamond Chess Set

For the Chess Player Who Has Everything: A Diamond Chess Set at a very, very expensive price.

Estimated price: $500,000

1931 Frankenstein Lobby Card Set

This is an original mint complete set of eight Frankenstein Boris Karloff lobby cards from 1931.

Price: $450,000

1796 $2.50 Gold Coin

For the billionaire coin collectors, a gold coin might be the best gift. This is a 1796 $2.50 Capped Bust Quarter Eagle with no stars graded AU-58 by PCGS.

Price: $276,763.31

Most Stolen Library Book

You can’t do without the most expensive investment book ever (and the most stolen library book), Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman, which is currently available for $1,300.


Babe Ruth Signed Baseball

A great gift for a baseball fan. A Babe Ruth Autographed Baseball, graded MINT 8, PSA/DNA Certified.

Price: $124,274.96

Trillion Dollar Bill

Finally, for the billionaire who wants to become a trillionaire, you can get a genuine $100 trillion dollar bill.

Merry Christmas, Happy Hanukkah, and Happy Holidays!!!

Disclosure: Some links include affiliate links. Reprinted courtesy of BillionairesLife.com

Invest Like a Billionaire

Did you know that ten out of the top twelve American billionaires made their money from a stock? The Forbes 400 Magazine was published about a month ago, which listed the wealthiest people in the United States.

It is interesting to note that most of the wealthiest achievements are from publicly traded companies. Maybe you can piggyback on some of these billionaires and their stocks.

Here is a list of the top dozen wealthy people with stock connections.

  1. Jeff Bezos – Amazon (AMZN)
  2. Bill Gates – Microsoft (MSFT)
  3. Warren Buffett – Berkshire Hathaway (BRKA) (BRKB)
  4. Mark Zuckerberg – Facebook (FB)
  5. Larry Ellison – Oracle (ORCL)
  6. Larry Page – Google (GOOG) (GOOGL)
  7. Sergey Brin – Google (GOOG) (GOOGL)
  8. Jim Walton – Walmart (WMT)
  9. Alice Walton – Walmart (WMT)
  10. S. Robson Walton – Walmart (WMT)
  11. Steve Ballmer – Microsoft (MSFT)
  12. Phil Knight – Nike (NKE)

How to Invest Like a Billionaire

Do you want to be a billionaire? If so, maybe you should invest in the companies that made the billionaires so rich.

Forbes Magazine has just come out with its latest billionaires list. Seven out of the top ten billionaires have founded and/or are the head of companies that are publicly traded, providing investors with a selection of stocks to invest in.

The following is a list of the billionaires and their stocks.

Rank Name Net Worth Company Symbol
#1 Jeff Bezos $112 B Amazon AMZN
#2 Bill Gates $90 B Microsoft MSFT
#3 Warren Buffett $84 B Berkshire Hathaway BRKA
#4 Bernard Arnault $72 B LVMH LVMH
#5 Mark Zuckerberg $71 B Facebook FB
#7 Carlos Slim Helu $67.1 B América Móvil AMX
#10 Larry Ellison $58.5 B Oracle ORCL

Top Books by Top Business Executives

If you are looking to be successful, look no further than several of the top people in their industries. Many of these individuals have written books about themselves and their successes.

These are all definitely worth reading:

The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition by Warren Buffett

How to Win at the Sport of Business: If I Can Do It, You Can Do It by Mark Cuban

Finding My Virginity: The New Autobiography by Richard Branson

On Success by Charles Munger

The First Billion Is the Hardest: Reflections on a Life of Comebacks and America’s Energy Future by T. Boone Pickens

Ross Perot: My Life & The Principles for Success 2nd Edition by Ross Perot

Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity by Steve Forbes

The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!) by Ken Fisher

Business @ the Speed of Thought: Succeeding in the Digital Economy by Bill Gates