"Do we really need billionaires?" - Lakota

[The2ndAmendment]

Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

 

[occupied]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

 

[The2ndAmendment]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

How do you propose to remove billionaires from American society?

I'm not asking for you lip service, I'm asking for your plan to enact it.

Something tells me it involves armed federal agents seizing assets. Right?

 

[theHawk]

Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

I think she’s too busy campaigning for Bloomberg to answer.

 

[easyt65]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

 

[petro]

I think she’s too busy campaigning for Bloomberg to answer.

 

[Slade3200]

Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

I think the idea was more of a taxation thing

 

[Yarddog]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

Well its true certain Senators and Congress people dont like competition.

 

[Yarddog]

Who is Joe Lacob? Everything You Need to Know

Some people become Billionaires because they are extremely persistent and do not settle. This is something that not everyone possess. Should they be punished because Bernie sanders does not approve??? They also often start more than one business and are involved with more than one at a time. Not something everyone can actually do.... just because, I dont know why, but some people just think better at times or have a knack for making good decisions. Should they be punished and riddiculed for taking risks and being successful at it? I guess so apparently. Seems to me that having billionaires is just a sign that we have an economy and a system that allows people to be wildly successful. I dont see whats wrong with that unless you are a jealous bastard, not happy with the life you have, that is better than 90% of the people living in the developing world.

I could ask Bernie Sanders this. Hey Bernie, why is it ok for you to receive millions of dollars for writing a book, when the average salary for a book store employee is about 12 an hour? If they were not selling your books in stores, you wouldn't be getting all that money, sure doesn't seem fair to me. They are the ones doing all the work day in and day out. So is the Amazon Driver. Your just sitting back collecting royalties.

 

[Rigby5]

Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?

 

[Dale Smith]

Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?

I barter my skills and labor for paper script notes because FRNs have no intrinsic value (HJR-192).....why do YOU believe that this corporate entity that lamely disguises itself as a legitimate governmental body (owned by the IMF) is entitled to benefit from MY labor by stealing a percentage of it? Income taxes are collected by a Puerto Rican Trust #62 aka "the IRS". Stupid fucks like you believe that by confiscating the earnings at a higher rate that all problems would be magically solved.

So, here is today's lesson......so STFU, turn around and face the black board.

Since every Federal Reserve note is "borrowed" into existence with interest attached to every note? Where do the FRNs come from to pay the interest? You can't pull eleven marbles out of a bag that only contains ten.

Emphasis on "note", like a Promissory note, house note, car note.....Black's Law dictionary defines "note" as debt owed....an I.O.U.

 

[karpenter]

Entire Books Have Been Written Explaining In Detail
About Who The Type Of 'WE' Are Of The OP Example
And Why Should The 'Need' Of These 'We's' Even Be Anyone's Consideration

 

[toobfreak]

Well yes Lakhota .

A nation can fully stand very well to delightfully have zero poor people. No nation can stand to have zero rich, successful people.

For the only exception in the latter is when all the wealth is in the hands of the ruling monarchy and all the poverty is in the people they rule over.

Apparently where Lakhota want to be.

 

[CrusaderFrank]

Think of all the good Bernie could do with those billions!

 

[Cellblock2429]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

 

[gipper]

Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

As long as our government and its politicians are for sale, billionaires will continue to run the country.

 

[occupied]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

 

[gipper]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

I suspect it’s too late. They control most of our institutions.

 

[occupied]

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

I suspect it’s too late. They control most of our institutions.

It's never too late. It's been 11 years since a major recession because they know another one could go very badly for them.

 

[imawhosure]

Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

Think of all the good Bernie could do with those billions!

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

I suspect it’s too late. They control most of our institutions.

Good thread, but now the answer to why higher rates on the wealthy do not work.

Before it gets to deep in this thread, watch this short video on psychology. While it has to do with tax returns, it also explains succinctly why without a large return for taking a chance, everybody is going to shy away FROM THAT CHANCE! Humans are just HARD WIRED that way, plain and simple, so you must allow more ability to make profit than some of us would like, or you will get no risk takers!