Time to Outlaw Billionaires in the US?

[Toddsterpatriot]

I see the liberal fanatics are getting increasingly desperate to take other people's stuff.

Some things never change.

Among those things that don't seem to change is human greed:
"2012 was one heck of a year for the billionaires.

"The 100 richest people in the world got $241 billion wealthier this year bringing their total net worth to $1.9 trillion.

"These 100 people have more combined wealth than the entire GDP of nations like Italy, Mexico, Spain, Canada, Australia, and about 170 other nations.

"Billionaires exclusive to the United States also had a field day.

"As the annual Forbes 400 list of 2012 showed, America’s richest billionaires saw their wealth increase by $200 billion last year bringing their total net worth to $1.7 trillion.

"At the same time, the United States economy, which is staring down a year of impending austerity, is stagnating. Despite moderate employment and GDP growth, 49 million Americans are still in poverty.

"Also, 46 million Americans are on food stamps because they don’t have enough money to feed their families. The economic situation in Europe continues to deteriorate. And even emerging markets in Asia are slowing down.
http://www.nobillionaires.com/
Billionaires aren't earning their money; they are stealing it from productive worker-consumers.

"The 100 richest people in the world got $241 billion wealthier this year bringing their total net worth to $1.9 trillion.

Yup, so what?

 

[Toddsterpatriot]

I see the liberal fanatics are getting increasingly desperate to take other people's stuff.

Some things never change.

Among those things that don't seem to change is human greed:
"2012 was one heck of a year for the billionaires.

"The 100 richest people in the world got $241 billion wealthier this year bringing their total net worth to $1.9 trillion.

"These 100 people have more combined wealth than the entire GDP of nations like Italy, Mexico, Spain, Canada, Australia, and about 170 other nations.

"Billionaires exclusive to the United States also had a field day.

"As the annual Forbes 400 list of 2012 showed, America’s richest billionaires saw their wealth increase by $200 billion last year bringing their total net worth to $1.7 trillion.

"At the same time, the United States economy, which is staring down a year of impending austerity, is stagnating. Despite moderate employment and GDP growth, 49 million Americans are still in poverty.

"Also, 46 million Americans are on food stamps because they don’t have enough money to feed their families. The economic situation in Europe continues to deteriorate. And even emerging markets in Asia are slowing down.
http://www.nobillionaires.com/
Billionaires aren't earning their money; they are stealing it from productive worker-consumers.

You should ask Obama to stop having the FEDR dump near a trillion a year on the rich and leaving the middle class with the bill, that might slow em down.

You should ask Obama to stop having the FEDR dump near a trillion a year on the rich

The Fed is buying bonds yielding 2%-4% and replacing it with cash yielding 0.25%.
Doesn't look like a big benefit for the rich.

and leaving the middle class with the bill,

The higher Fed earnings actually reduce the bill left for the middle class.
If you want to ask Obama to stop his wasteful spending, you'd be right and I'd agree.

 

[LogikAndReazon]

You have to laugh at witless leftists who somehow believe that tax revenue "lost" through tax credits and tax cuts belonged to the treasury to begin with....
As if that revenue was produced and owned by elected bureaucrats...
F---ing comical

 

[Roadrunner]

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.

Stealing is stealing.

 

[CrusaderFrank]

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/

Kill the Kulaks!!!

Eat the Rick

The "American" Left are nothing but fucking Communists

 

[LogikAndReazon]

Kick out all the wealthy and the rest of " the people" could live in a utopian agrarian commune where its all about your brothers "fair share"... Lol

 

[Toddsterpatriot]

Eat the Rick?

 

[American Horse]

Being a "billionaire" deals with accumulating a billion or more dollars in wealth.

Very, very few - almost a completely insignificant number of people earn a billion dollars in any given year; perhaps only those who sell some asset worth something close to or more than billion or more dollars in a single year.

In or during 2014 there are fewer than 500 billionaires in the US and none of them earned a billion in a single year.

But to the concept, if any or all annual earnings of an individual of an amount greater than a billion dollars was confiscated, then the yield in the tax would only be that amount over a billion that the individual earned.

No individual in a position to earn over a billion would accept that distribution of income over a billion if the consequence was that they would pay all of the amount under a billion that amounted to make up an excess of a billion.

Anyone in a position to earn an amount over a billion could find a deduction to defray that income or they would in reality be volunteering to donate that excess to the treasury.

The real effect would mean nothing in the real world to the treasury or to the needy of the poor

 

[georgephillip]

Kill the Kulaks!!!

Eat the Rick

The "American" Left are nothing but fucking Communists

"Hartmann has authored in the area of attention-deficit hyperactivity disorder (ADHD) andadult attention-deficit disorder (AADD) and is the creator (first proposed by him in 1978, first published nationally in 1992) of the now well-known hunter vs. farmer theory that ADD is an expected evolutionary adaptation to hunting lifestyles. These individuals have the ability of rapidly shifting their focus and external attention and of holding multiple trains of thought.

"This ability causes difficulties when they must live and work in cultures in which 'farming'—well-planned, predictable, organized and repetitive behaviors—is typical."
There is no shame in admitting you need help.
Get some.
Tool.
Thom Hartmann - Wikipedia the free encyclopedia

 

[georgephillip]

You know it's silly to me. There is thie idea of aliens comming down and why they don't make contact with humans. Basically progressives and many liberals believe it's because of conservatives and Republicans.

Do you have a link?

 

[g5000]

Jefferson was talking about doing away with primogeniture, which has been done!

"
pri·mo·gen·i·ture
ˌprīmōˈjeniˌCHər,-ˌCHo͝or/
noun

1. the state of being the firstborn child.
   • the right of succession belonging to the firstborn child, especially the feudal rule by which the whole real estate of an intestate passed to the eldest son."

Is that what you think Jefferson was referring to in his letter to Joseph Milligan quoted in the OP?

Google

Yes, that is exactly what he was talking about. Note the word INHERITANCE.

You should read that letter. Your OP source deliberately chopped out the most important part, I will bold and enlarge the part your communist brothers excised:

If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree; and the better, as this enforces a law of nature, while extra-taxation violates it.

Read the letter for yourself:Letter to Joseph Milligan

It become immediately obvious that Jefferson would oppose everything you stand for.

 

[georgephillip]

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

That might work out better for a country whose GDP is 70% dependent on consumption:
"It’s because billionaires are not job creators, they are somewhere between symbiotes and parasites. That’s not meant as a personal insult against billionaires, many of whom are decent people.

"But it’s meant as a statement of common sense.

"If vast fortunes are being hoarded in the hands of very few people who can’t possibly spend that much money in their lifetime or their kid’s lifetime or even their kid’s, kid’s, kid’s, kid’s, lifetime, then it’s essentially being wasted."
http://www.nobillionaires.com/

 

[MaxGrit]

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

That might work out better for a country whose GDP is 70% dependent on consumption:
"It’s because billionaires are not job creators, they are somewhere between symbiotes and parasites. That’s not meant as a personal insult against billionaires, many of whom are decent people.

"But it’s meant as a statement of common sense.

"If vast fortunes are being hoarded in the hands of very few people who can’t possibly spend that much money in their lifetime or their kid’s lifetime or even their kid’s, kid’s, kid’s, kid’s, lifetime, then it’s essentially being wasted."
http://www.nobillionaires.com/

Bullshit from the Communist

 

[g5000]

Here is what the OP link says:

Our most prominent Founding Father warned of the dangers of individuals becoming mind-bogglingly rich. In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..."

Notice that elipsis at the end. That is because the entire sentence carries the exact opposite meaning of what they are trying to portray Jefferson as saying. This is a willful omission deliberately designed to mislead the ignorant rubes drinking their piss who don't know jack shit about Jefferson and who will never fact check.

Bastard fucks. Liars. Propagandists.

Here is the full sentence, with the part after the elipsis bolded: "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree; and the better, as this enforces a law of nature, while extra-taxation violates it."

"Extra-taxation violates it." A plain statement in direct opposition to the nobillionaires fuckheads who tried to exploit Jefferson's good name to their cause.


Jefferson was a well known proponent of the elimination of the practice of primogeniture.

 

[CrusaderFrank]

For every hard working Mexican that comes to American we will send one of the USMB Progressive to Mexico. That puts us way ahead

 

[Where_r_my_Keys]

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/

Gee... Fox News "Attacked" the same premise that resulted in the murders of 150 million innocent people around the world in periods of 20th century PEACE?

That's odd... you'd think that the corner stone premise of communo-fascism would be all the rage around people who recognize, respect, defend and adhere the principles of nature which provide the INALIENABLE RIGHT to the unfettered use of one's property.

 

[g5000]

You want to talk about Jefferson? I'll talk about Jefferson any day of the week.

Here's another letter written by Jefferson:

The property of this country is absolutely concentred in a very few hands, having revenues of from half a million of guineas a year downwards.

<snip>

The descent of property of every kind therefore to all the children, or to all the brothers and sisters, or other relations in equal degree, is a politic measure and a practicable one.

The elimination of primogeniture, right there. Almost identical language used in the letter referenced in the OP link: "the best corrective is the law of equal inheritance to all in equal degree".

Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions or property in geometrical progression as they rise.

Progressive taxation, right there.

Already done, and done.

 

[Zander]

Democrats should run with this!! Great idea!!

 

[Stephanie]

Democrats should run with this!! Great idea!!

NO KIDDING. my gawd don't give them any ideas. But with these Progressives/commie that have taken over the Democrat party I'm sure it's already being discussed. Like Warrens, you didn't build that, and Shrillary's it's not corporations that gives you jobs

 

[CrusaderFrank]

Democrats should run with this!! Great idea!!

Liz Warren is behind it 100%, that's why she's going to be their nominee