INSTANTLY fix the US: How Obama/Romney could win instantly; Fix US debt overnight

Discussion in 'Politics' started by bucs90, Aug 24, 2012.

  1. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    Some simple math on how the richest 5% of Americans.....could instantly fix our national debt. And how Romney or Obama could capitalize on this fact.

    The US set a record last year for total number of millionaires (U.S. Has Record Number of Millionaires - The Wealth Report - WSJ) at 3,100,000 (about 1% of the population). They had a combined wealth of about $11,000,000,000 (trillion).

    US national debt is about 16 trillion. (U.S. National Debt Clock : Real Time).

    Now, if the top 1% of Americans, all millionaires with 11 trillion in total wealth, EACH dedicated 1,000,000 in ONE single contribution to the country.......in one year, overnight with one collective act, the top one percent of earners in this nation would cut the national debt by 20% instantly.

    And what if we asked the top 5% to do the same, but a bit less for each step? Say the top 2-5% each contribute 500,000, or 250,000??? Thats about 15,000,000 people. If each of those top 5% gave 500,000.......thats another 7.5 trillion dollars.

    Combined...thats over half the national debt GONE, instantly.

    It would be voluntary. A massive collective effort. An epic act equal to World War 2. Literally SAVES our nation. Romney or Obama could call for this epic, unselfish act. Pass a bill that says once these brave, heroic private citizens reach that total voluntarily, the federal govt automatically kicks in spending cuts of equal proportion until this damn thing is balanced and the debt gone.

    Some would be angered by this very notion.

    - "It aint fair"
    - "It aint my job to pay the debt"
    - "Why me, why dont the bottom half pay??"

    Well, like I said, this would be an effort economically that would equal the WW2 generations effort to save this country. Would we be up to it? What if after we asked the top 5%, we then asked the top 10% to pitch in another contribution? The top 6%-10%, abuot another 15 million people, could kick in 100K each. Thats another 1.5 trillion GONE from the debt!!!!

    And what if...God help us.....we asked the top 10% to do this 2 years in a row. We looked to them as the true saviors of our nation, and they equalled the effort we put out in WW2 to save this nation. They could erase the debt in 2 years. Gone. Add in the Fed's agreed-upon cuts in spending.....and wow, what a potential miracle.

    Any chance the top 1%, then top 5%, then top 10% of wealth earners in this nation would make the personal sacrifice to save this nation? Our military has been doing it for centuries. Our teachers, cops, firemen have been doing it to save our communties for centuries.

    Now is the time that the financial and economic kings of our land COULD step up, and put forth this herculean effort to save this country.
     
  2. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,734
    Thanks Received:
    4,713
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,025
    Nice thought, but will never happen. Greed rules!
     
  3. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    Not saying it's the long term answer, not even close. But...to eliminate the debt, at least half of it, literally almost overnight????

    Sure, we'd be asking the richest 1, 5 or 10% of Americans to make a personal sacrifice towards saving the country. It would likely hit many of them somewhat hard...especially the 5-10% top. But if the debt is truly the #1 threat to national security, as many on the right say and probably is true.......then aren't we due for another generation of heroes like the WW2 men and women who fought the Japanese and Germans?? And Italians?

    They gave LIVES. We need money. It would be among the most heroic and unselfish acts ever. Some group would have to organize it, as I said, it should be voluntary.

    But man, what a daydream of a generation of Americans....this time the financial heroes, not military ones....stepped up to save the United States from the biggest threat to our national security.

    If the Feds would match that effort with spending cuts, that would kick in as each "step" is reached by these heroes........we'd eliminate this mess in 3 years tops. Done. Fixed.
     
  4. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,684
    Gov't cutting spending will "save the nation", but we know THAT will never happen either.

    The dollar crash is inevitable. Buy Gold, Silver, Guns and Ammo.

    Now. Today.
     
  5. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    I can't help but think.....many of the people who oppose this would gladly applaud their favorite NFL team giving 20 million to a new player. Or worse, giving 3 million dollars to a new head coach for their PUBLIC university.
     
  6. Moonglow
    Online

    Moonglow Diamond Member

    Joined:
    Jun 27, 2011
    Messages:
    82,014
    Thanks Received:
    8,037
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +29,631
    I got a spare buck.
     
  7. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,734
    Thanks Received:
    4,713
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,025
    The rich have learned how to totally game the system. We only have the illusion of democracy - the powerful puppet masters rule us all - including government.
     
  8. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    Gold and silver??????

    Guns and ammo. Dry food. Water. Gold and silver wont be worth shit if it hits the fan. Ammo will be the new currency. If you got gold and silver...but no ammo...pretty soon you wont have any gold and silver either.
     
  9. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,734
    Thanks Received:
    4,713
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,025
    Fine, cut the defense budget by 50%.
     
  10. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    I may be naive, but just looking at the raw numbers.....it said the top 3,100,000 richest americans have a combined $11 trillion in wealth.

    What if....as I said, in a HUGE, heroic gesture to this nation, all those 3.1 million people gave the US 50% of all their wealth towards the debt (each of them has at least 1 million in wealth, most have hugely more than that though). Thats 5.5 trillion. Thats 33% of the entire debt!!!!

    As I said....it isn't their obligation. It shouldn't be mandatory. Just like 18 year old kids who volunteered to go to Europe in WW2, this would be almost as heroic just without loss of life. Merely a lower standard of living.

    Would this historic move cause the dollar to soar through the roof??? Combined with govt cuts, and ask for it 2 years in a row, and this thing is over, its fixed.
     

Share This Page