Let's confiscate all the wealth of the rich

Discussion in 'Economy' started by eflatminor, Jan 3, 2012.

  1. eflatminor
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    eflatminor Classical Liberal

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  2. Dragon
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    Dragon Senior Member

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    We have an economic downturn as well. Raise revenues (at present tax rates) to the point they were in 2007, and that will give you a realistic picture of the gap to be closed.
     
  3. Katzndogz
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    Katzndogz Diamond Member

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    How right you are! The entirety of the wealth of the rich won't do a thing to help the debt OR even pay for current spending.

    The left is faced with this problem. Is there a way to confiscate the wealth of the rich, and force them to create additional wealth to further pay into government coffers? Obviously taking what they have now won't help. The rich have to continually create wealth. How can they be made to do that?
     
  4. 007
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    007 Charter Member Supporting Member

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    There's only one way to truly describe the spending and financial mess our government has spent us into, dems and repub alike... WE ARE DEEP, DEEP, DEEP SHIT!

    And it WILL get a WORSE before it gets better. Perhaps this is what the Mayan doomsday calendar is predicting.
     
  5. konradv
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    konradv Gold Member

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    400 you say. That isn't even close to 1%. What about the top 3,000,000?
     
  6. 007
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    007 Charter Member Supporting Member

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    Start by eliminating all new government agencies created in the last five years, including obamacare, gone, done. Then go through every single government agency from A to Z and start closing them down if they are not CRITICAL. Not needed, gone, done. Then pass a balanced budget amendment. Cap the debt and make it illegal to raise it. Term limits on congressmen and senators, and cap their wages and limit their pensions. Open all business up to free competition across state lines, insurance, cable companies, everything. Drill baby drill, and tax everything imported from China with a 25% terrif, and give companies that will move their manufacturing back to America major tax breaks, and roll back all of obama's new anti capitalist, business regulations. Make lobbying illegal. No more officials for sale. Abolish the IRS and enact a Flat Tax of 13% for everyone making over $35,000 a year. Deport anyone that's in this country illegally and no more anchor babies. That's a good start on turning this country around.

    If people scream and cry, TO FUCKING BAD, THERE IS NO MORE MONEY, GO POUND SAND!
     
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    Last edited: Jan 3, 2012
  7. Truthmatters
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    Truthmatters BANNED

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    funny when we taxed the wealthy at a 90% tax rate in the past we had very reasonable debt.

    You see there is always debt if a country grows properly and rebuilds its infrastructure in a timely and wise fashion.

    where you end up with too much debt is when you have a war just for fun and make up programs that you NEVER design to be paid for and then you stop collecting taxes on the very people who benifit MOST from your such mentioned idiot policies.

    Your guys problem is the history shows your party is the big spend party and the no pay for it party.

    You have jsut gotten away with the lie of being the fisscal party for along time.
     
  8. eflatminor
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    eflatminor Classical Liberal

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    My party is the Libertarian party. Bet YOUR party spends more than mine with no way to pay for it.
     
  9. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Rather than take all their wealth, why don't we just return the tax rate to what it was before the ill-advised Bush Tax cuts?
     
  10. konradv
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    konradv Gold Member

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    Get back to us when you're serious. The Libertarians are the flip side of the Marxists. Neither philosophy has any hope of working without a fundeamental change in human nature. Don't hold your breath. :eek:
     

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