Time to Outlaw Billionaires in the US?

[georgephillip]

Thom Hartmann has kicked off a new campaign called the "No Billionaires Campaign" which Fox News wasted little time in attacking.

See the second video in the link below (11:29 minute) for Greta's and Steven's reaction and Thom's response.

Hartmann wants a 100% tax on all wealth over $1 billion: "If you can't get by on a thousand million dollars, then you probably shouldn't have access to that much money in the first place."

"That money can lift 49 million Americans out of poverty and move the 46 million Americans on food stamps into the middle class. They will - by the 'invisible hand' of human instinct and need - better know how to spend the money and generate economic activity than the billionaire class, which currently has its excess trillions stashed in off-shore bank accounts."

http://www.nobillionaires.com/

 

[Mad Scientist]

He makes one good point:

This is the price we as a nation are paying for letting billionaire-funded think-tanks and lobbyists convince us - and Congress - to move to low tax rates, free trade policies, and deregulation (particularly of the financial industry).

This defies both history, logic, and sanity.

Banning Billionares and Banning Great Wealth won't help anyone or anything.

If Americans would just wake up and see that Bankers control the US Government we cold begin to fix this.

I see nothing about "banning Billionare Bankers" or banning the Political Oligarchy (Bush, Clinton, Kennedy) that is at the top.

 

[martybegan]

So basically more money for government to waste?

No thank you.

 

[Katzndogz]

Billionaires would just take their billions and leave. Now if we become the kind of country that prevents people from leaving, that's a different story. Although, even countries that did prevent its people from leaving, had people leave.

 

[georgephillip]

Banning Billionares and Banning Great Wealth won't help anyone or anything.

I don't think Thom is calling for a ban on billionaires or great wealth in general, but he is calling for a 100% wealth tax on all wealth beyond the first one thousand million dollars.

Could you support that?

 

[KingOfCars]

Is there no end to the insanity of this bullshit?

 

[ClosedCaption]

Who cares about the deficit anyway?

No seriously, I think he's overstating to make a point. You cant ban or outlaw someone for too much money tho

 

[LogikAndReazon]

Yep, everything over a billion should go into a socialist pot for the funding of progressive neo communist schemes...

For " equality" and social "justice" !!!

 

[martybegan]

Banning Billionares and Banning Great Wealth won't help anyone or anything.

I don't think Thom is calling for a ban on billionaires or great wealth in general, but he is calling for a 100% wealth tax on all wealth beyond the first one thousand million dollars.

Could you support that?

No.

 

[Ringel05]

Banning Billionares and Banning Great Wealth won't help anyone or anything.

I don't think Thom is calling for a ban on billionaires or great wealth in general, but he is calling for a 100% wealth tax on all wealth beyond the first one thousand million dollars.

Could you support that?

Da tovarich! Hail the proletariat!!!

 

[Mac1958]

.

Yeah, let's leave the billionaires to most of the other countries.



.

 

[Toddsterpatriot]

Thom Hartmann has kicked off a new campaign called the "No Billionaires Campaign" which Fox News wasted little time in attacking.

See the second video in the link below (11:29 minute) for Greta's and Steven's reaction and Thom's response.

Hartmann wants a 100% tax on all wealth over $1 billion: "If you can't get by on a thousand million dollars, then you probably shouldn't have access to that much money in the first place."

"That money can lift 49 million Americans out of poverty and move the 46 million Americans on food stamps into the middle class. They will - by the 'invisible hand' of human instinct and need - better know how to spend the money and generate economic activity than the billionaire class, which currently has its excess trillions stashed in off-shore bank accounts."

http://www.nobillionaires.com/

I love the idiotic claim that if your wealth isn't spent, that it does nothing to stimulate our economy.
Billionaires do not keep their money under their mattress.
The idea that we need less savings and investment is idiotic and should be ridiculed as the Keynesian claptrap it is.

 

[Toddsterpatriot]

Banning Billionares and Banning Great Wealth won't help anyone or anything.

I don't think Thom is calling for a ban on billionaires or great wealth in general, but he is calling for a 100% wealth tax on all wealth beyond the first one thousand million dollars.

Could you support that?

No.

 

[georgephillip]

So basically more money for government to waste?

No thank you

Are you calling for greater monopoly influence in the US?
"This wealth tax would also break up giant monopolies and open up the market for small businesses. We shouldn’t rely just on the Bain Capitals and the Koch brothers to start or buy up new businesses.

"If the riches of the billionaire class were redistributed (a word progressives should embrace), then more and more Americans could have access to startup capital and earn a living as entrepreneurs."
http://www.nobillionaires.com/

 

[martybegan]

So basically more money for government to waste?

No thank you

Are you calling for greater monopoly influence in the US?
"This wealth tax would also break up giant monopolies and open up the market for small businesses. We shouldn’t rely just on the Bain Capitals and the Koch brothers to start or buy up new businesses.

"If the riches of the billionaire class were redistributed (a word progressives should embrace), then more and more Americans could have access to startup capital and earn a living as entrepreneurs."
http://www.nobillionaires.com/

Bullshit. government would keep the money and grow exponentially.

 

[Stephanie]

ole geogie writes these while staring at his brown shirts hanging up in the closet and polishes his jack boots every day

damn George. what do you intend to do with all your Wealthy MASTERS who are Billionaires in the Democrat party. GAS THEM?

 

[ClosedCaption]

So basically more money for government to waste?

No thank you

Are you calling for greater monopoly influence in the US?
"This wealth tax would also break up giant monopolies and open up the market for small businesses. We shouldn’t rely just on the Bain Capitals and the Koch brothers to start or buy up new businesses.

"If the riches of the billionaire class were redistributed (a word progressives should embrace), then more and more Americans could have access to startup capital and earn a living as entrepreneurs."
http://www.nobillionaires.com/

Bullshit. government would keep the money and grow exponentially.

Or they can not have the money and grow exponentially. But who's gonna pay for that?

The middle class?

 

[Toddsterpatriot]

So basically more money for government to waste?

No thank you

Are you calling for greater monopoly influence in the US?
"This wealth tax would also break up giant monopolies and open up the market for small businesses. We shouldn’t rely just on the Bain Capitals and the Koch brothers to start or buy up new businesses.

"If the riches of the billionaire class were redistributed (a word progressives should embrace), then more and more Americans could have access to startup capital and earn a living as entrepreneurs."
http://www.nobillionaires.com/

This wealth tax would also break up giant monopolies and open up the market for small businesses.

We already have the inheritance tax to do that.
Warren Buffett loves it, because heirs have to sell the business to pay the tax.
And small businessman Warren can then buy them cheap.
And idiots like you can't figure out why your ever-bigger government solutions don't work.

 

[georgephillip]

Billionaires would just take their billions and leave. Now if we become the kind of country that prevents people from leaving, that's a different story. Although, even countries that did prevent its people from leaving, had people leave

But they wouldn't leave with all their toys:
"Imagine walking into a classroom of kindergarteners and finding that just one kid is in possession of nearly all the toys.

"Just one kid has thousands of toy cars, army men, and building blocks piled up like Scrooge's money bin, filling half the classroom; one or two of the kids have a dozen or so toys, and the rest of the class of kids have to share just one dinky, old rag doll.

"No one could possibly think that’s a healthy way of distributing toys to a kindergarten class.

"That one kid couldn’t even play with all his toys.

"Would we call that kid a toy creator?

"Would we tell all the other kindergarteners that they can only play with toys when that one student decides to share them?"

http://www.nobillionaires.com/

 

[martybegan]

So basically more money for government to waste?

No thank you

Are you calling for greater monopoly influence in the US?
"This wealth tax would also break up giant monopolies and open up the market for small businesses. We shouldn’t rely just on the Bain Capitals and the Koch brothers to start or buy up new businesses.

"If the riches of the billionaire class were redistributed (a word progressives should embrace), then more and more Americans could have access to startup capital and earn a living as entrepreneurs."
http://www.nobillionaires.com/

Bullshit. government would keep the money and grow exponentially.

Or they can not have the money and grow exponentially. But who's gonna pay for that?

The middle class?

Government growth is not a given, if the right people get elected we can shrink it down to its original intent.