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#michael novogratz – @dragoni on Tumblr
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DragonI

@dragoni

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie", Miyamoto Musashi
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reblogged
Billionaire and former Goldman Sachs partner Michael Novogratz urged his rich friends to “lighten up” about Sen. Elizabeth Warren (D-Mass.) and her plans to impose a wealth tax if she’s elected president.
“You’re not victims; you’re the richest people in the world,” Novogratz said Friday in an interview with Bloomberg. “How in God’s name do you feel like a victim?”
“It’s insanity,” he said. ”‘They’re going to come and get us.’ No! You’re going to get taxed a little more. Lighten up!”
Novogratz, who is now invested in cryptocurrency, said it makes sense to tax the wealthy to help those who are struggling in the nation.
“The way the country is functioning today, the bottom 60% aren’t doing well,” Novogratz noted. Warren is “speaking to that group. She wants to redistribute.”
He said that 97% of the “people in my world are really, really fearful of her.”
They “don’t like her, they’re worried about her, they think she’s anti-rich,” he added. “It’s a little carried away.”
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dragoni

bears repeating

“You’re not victims; you’re the richest people in the world. How in God’s name do you feel like a victim?”, Michael Novogratz

That’s rich 😡 Claiming #SelfVictimization after the super rich and their corporations were given $1.5 TRILLION in tax cuts by their proxies; Trump and Republicans. Paid for by the bottom 99%😡

The same people who hoarded the money instead of — paying their workers more — creating more jobs — investing in infrastructure...

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Crypto Trader Made $283 Million in One Month

An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.
The only clue about this person or persons, beyond a virtual wallet with the identification code 0x00A651D43B6e209F5Ada45A35F92EFC0De3A5184, surfaced on a June 11 Instagram posting, in Bahasa, in which he or she (or they) (or somebody posing as them) boasted about the 413 percent profit accumulated earlier this year from ether, the digital money of the Ethereum blockchain.
One of the cool things about Ethereum is that all wallets around the world are transparent and open for everyone to see. And this is my wallet’s savings.”
Likely candidates to be crypto-billionaires include
  • Michael Novogratz, hedge fund manager
  • Joseph Lubin, founder of ConsenSys, a blockchain production studio that works on Ethereum
  • Vitalik Buterin, Ethereum creator
Novogratz, a former executive at Fortress Investment Group and Goldman Sachs Group Inc., has a long way to go, but he’s been a consistent booster. He said last month that he has 10 percent of his net worth invested in virtual money. That’s a stake worth at least $90 million, given a net worth calculated at $925 million, according to the Bloomberg Billionaires Index. Novogratz declined to comment.
Cryptocurrencies could become a $5 trillion industry, but they need to develop sound business principles to satisfy regulators and lend legitimacy, Novogratz said June 27 at a fintech conference in New York.
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