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| Business & Economy Talk financials and discuss how opening up a lemonade stand isn't the wisest long-term investment. |
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#1
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The World's Billionaires 2008
Wednesday, March 5, 2008 Warren Buffett Takes Top Spot Forbes The number 13 has long been considered unlucky by superstitious people around the globe. How fitting, then, that Bill Gates' reign as the world's richest person ends after his 13th year at the top. Despite being worth $58 billion, $2 billion more than last year, Gates is now the world's third-richest person, ceding the top spot ranking to his good friend and partner in philanthropy, Warren Buffett, whose net worth jumped $10 billion to $62 billion. Ranked No. 2 is Mexican telecom tycoon Carlos Slim Helú, whose fortune has doubled in just two years to $60 billion. Read more... 1. Warren Buffett 2. Helú Slim & Family 3. William Gates III 4. Lakshmi Mittal 5. Mukesh Ambani 6. Anil Ambani 7. Ingvar Kamprad & Family 8. KP Singh 9. Oleg Deripaska 10. Karl Albrecht 11. Li Ka-shing 12. Sheldon Adelson 13. Bernard Arnault 14. Lawrence Ellison 15. Roman Abramovich 16. Theo Albrecht 17. Liliane Bettencourt 18. Alexei Mordashov 19. Prince Alwaleed Bin Talal Alsaud 20. Mikhail Fridman World-Billionaires-2008: Personal Finance News from Yahoo! Finance
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The time will never be ‘just right’.
Start where you stand, work with whatever tools you may have at your command, and better tools will be found as you go along. |
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#2
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So is this proof that if you give, you'll get more?
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“ Don’t judge the truth by people. First find the truth, then you will recognize its people.” - Imam Ali, If you sift through all the non-serious posts of mine you'll eventually find a jewel that you can treasure and remember with a fondness that will last generations ![]() |
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#3
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psh, philanthropy = smoke screening
they give to make people believe that they're still human ![]() they aren't, trust me.
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"The Messenger of Allah (may peace be upon him) once said: Verily Islam started as something strange and it will once again revert to being strange just as it started. So Good Tidings for the Strangers." Nahnu jundullaahi dawman darbunaa darbul-ubaa
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#4
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dude, please stop hating.
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#5
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Hating?
I believe it human to hate what harms humanity. Whether it be disease of the body, or disease of the mind. |
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#6
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So like I said, stop hating.
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Elizabeth Swann: There will come a moment when you'll have the chance to do the right thing. Jack Sparrow: I love those moments. I like to wave at them as they pass by. .:[ maverick007.wordpress.com ]:. .:[ What's going on, Eh? ]:. |
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#7
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Doesn't it strike you as odd that the bulk of the people on this list are from countries suffering from extreme poverty, lopsided trade agreements, outsourcing, and whatnot? |
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#8
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You'd just find another reason to hate them if the bulk was from countries where the inhabitants were mostly middle-class or well-off. You just hate a lot of people for no reason. |
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#9
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#2 is from mexico, A year back I read about him in al-quds, He's an arab business man, VP of the MEXICAN stock exchange. The average mexican makes less than only 400USD a year, yet this man was the richest man in the world through 2007. #4 & #5 are both indian #5 is worth more than 43.2 billion, the average indian makes 500USD a year. This doesn't disgust you? Are you thinking of what these people did to become so rich? How many lives hey probably destroyed? How many people died in their factories? |
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#10
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As usual your rhetoric is mostly emotional, distorted or irrelevant facts, and other flotsam.
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I've said this a billion times, and I will say it again a billion times more. I do not see any problem whatsoever with a minority of people being wealthy and many people being poor. All those poor people have the opportunity to work and improve their lives. The majority of the rich people on this list are self-made, and did not inherit their wealth. By and large, they made their money fair and square. Gates and Ellison are in the IT world, and Dell, who isn't mentioned here but is also in the same industry, did the same. Slim Helu is in Telecom. The Indian moguls are in steel and a variety of other verticals. Prince Waleed was really just an average Saudi but he was clever broker and knew how to maneuver very artfully, and the Citicorp deal was just absolutely f***ing BRILLIANT. Islam is not a communist of socialist system that you so desperately wish it to be. if anything Islam, although it has its own unique financial regulations, is still far more closer to capitalism than it is to socialism. Islam does not say making money is bad, or being rich is bad. Yes, money has its dangers, and Islam does advise on how to distribute wealth fairly, but nowhere does Islam shun business or making money. If anything Islam was BUILT on money. Quote:
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Why should it? Are you trying to, in some really twisted way, imply that these rich men now bear the responsibility of improving the wages of all the poor? That's so dumb. They have no such legal, ethical, or moral responsibility. Not in Islam, and not outside of Islam. Quote:
Warren Buffet is just a smart investor. Gates was a thief who stole the Windows idea before it could become IP and parlayed it onto IBM clones. Larry Ellison [from Oracle] is a hard driver who built Oracle's empire through legitimate business activities, in fair market competition against his main rival, SAP. Prince Waleed - smart investing, routinely referred to as the Arab version of Warren Buffet. Another example [amongst many] of smart Arab investors and brokers was Khashoggi, even though I think his activities were unethical, it doesnt matter, it was all legitimate BUSINESS. Legitimate business runs via the market. The Market decides who survives and who dies. Yes, some people will go out of business due to stronger competition, but thats not illegal or unethical. So what the heck are you talking about? Really? Like, tomorrow, my name could be up there. What are you going to do? Come point fingers at me and say I killed so many people and drank the blood of babies to get to where I am? That I'm so evil because I'm worth a couple dozen billions? Or that, I have some sort of ethical / moral / legal and inexorable responsibility to raise all the poor peoples' daily wages and incomes? ITS BUSINESS. NOT A CHARITY. |
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#11
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![]() How do you make so much money when you're on Islamica all day?
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#12
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.... or any other person ...
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Dumb people [about 95% of North America] slave away, getting paid for their time. And they're left fighting over 5% of the scraps. |
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#13
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But anyway, people shouldn't confuse heights of virtue with essential justice. It's not unjust that people accumulate a lot of wealth validly as long as they give in sadaqah what is due by Allah from it, and so you can't blame such people. But you become the true Khalifa of Allah when you are given a lot of wealth and provide for others from your means as much as your tawakkul allows. And thus the wealth that you spend for the sake of Allah is preserved in the Hereafter for you, while what you did not spend will become dust. |
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#14
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Many of the Sahabaa were rich businessmen. They were never chastised or criticized for being wealthy. Islam has its own system for regulating money in a just manner, and that system does indeed allow for disparities to exist between the rich and poor. As long as everyone who has money is contributing a fair share [which is why its marked as a percentage] to society, and then anymore out of the goodness of their heart, its all good. So why are people hating on rich businessmen? If you just want to hate on rich spoiled brats, go hate on Paris or someone. At least you won't sound like a wierdo for hating on her. |
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#15
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Spoken like a true capitalist. If how you make people feel doesn't matter to you what does? You're own selfish desires and ambitions? Do you care about the people these people used to get to the top? Islam stresses compassion to mankind NOT MONEY. Capitalism as a system treats people as merely resources to be used. Money is GOD in capitalist Societies. Look at what your posted above, Quote:
In a world where human rights violations are considered nothing but another tax to Corporations. When Workers making a dollar a day produce the goods that make people billionaires, When fathers die trying to get .50 cent more to feed their families. When children are forced to work on the assembly line. Its called Compassion, Its something central to Islam. The only thing you're doing is making excuses and trying to justify the actions that leave so many desolate each day. Quote:
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The Market decides you say? Is the Market your substitute for God Now? Do you know what drives the stocks? What drives the corporations? The people they enslave. The lives they rob, the people they kill to use as examples. An environment of fear and torment that keeps the rich, rich; and the poor, poor. In about every line you talk about whats legal or Moral, sir as a Muslim I think you should know that Islamic morals are FAR from the guise of morality our country puts on for show. America was built on the age old prospect of saying one thing and doing another, a system of corruption and malice.In about every line you rant about my emotions, I've seen lives destroyed by this system. I've seen people sell their souls for cash. In Chicago, no in the U.S. we have a saying. M.O.E.T. These four letters, no this philosophy is responsible for more deaths than any one state, responsible for more wars, more killings, more betrayals than statistics can count. Money Over Every Thing, The Gang slogan, the corporate slogan. No blood or soul is worth more than a dollar. I ask you one last time, Are you okay with this? Quote:
so you DO blame people for being poor, Not the system that taught them to work that way, not the culture that breeds this attitude, or the Rich who employ them. So thats your philosophy? Social Darwinism? The bulk of people are to stupid to not be oppressed? |
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