They weren't designed for failure.... Someone came in and fucked them up.
Social Security had enough money to last until 2043 or longer. Then Republicans came along and looted the trust fund to buy overpriced bombers and tax cuts for rich people.
Every President has BORROWED SS money for decades. Need the link, just ask, but I'm not going out of my way to find it and post it if you're not going to read it.
The top 1% hold 25 Trillion in wealth. If we liquidated all of their assets we could pay off the National Debt in one fell swoop. Obviously we can't.. because when your wealth is in a yacht or a dressage horse, you can't covert that into hard currency easily.
But a sensible structure of fair taxes on the top 20%, combined with sensible reform of entitlements, responsible spending and reform of government programs, we could easily get there.
Yes, and in the process destroy jobs, have the wealthy move out of the country, stock market crash which would lead us into a depression. In that estimate they include all non-liquid assets. That means if Mr Richy rich would have to kick in part of this 25 trillion, he'd have to take every penny out of the market, sell his businesses, sell all his assets including his home and automobile.
Now even if we did that, it would stop the flow of all money going to the federal government from those people because you can only do that once, and you would still be short 2 trillion dollars to payoff the debt. The government is not going to cut spending period. I don't care if Democrats or Republicans are in charge. Our social programs are draining the country. They have to be funded no matter what because of the dependency class they created.
John Stossel: Tax The Rich? The Rich Don't Have Enough. Really.
The top 20% have 87% of the wealth.. They aren't even paying their fair share on the basis of how much wealth they have.
I also reject the idea that we wouldn't have an economy without the investor class. They are parasites who have convinced you they are vital organs.
They are the virtual organs. If you take every poor person and moved them to an island somewhere, society wouldn't be affected. In fact we would be in much better shape. If you did the same with the wealthy, the country would collapse. Why is that? Because it's the wealthy that provide the funds for nearly every spending program we have. Once the rich are gone, there are few who could possibly contribute to the federal government to support all it's operations and programs.
There is no such thing as "the wealth." We do not have a finite amount of money in this country; we don't live in a bubble.
There will always be jobs because there will always be things that need to be done....
Again, the investor class isn't all that...
So let's say we go full communist and the state controls all investment and prioritization.
You'd still need people to write up your profile so the central committee can determine your work assignment.
again, not advocating this, but you shitheads are making this happen.
No, we support our successful capitalist system. It's you commies that want to see a failed state run country. Want to see what that's like? Move to Cuba and let us know how that works out for you. You won't have to risk your life on some makeshift raft to get there like Cubans do trying to escape their country to get to ours. We would welcome your departure, and they would welcome your new residency there. Cuba is a liberal utopia. Nobody is rich, everybody is equal; equally poor. Nobody has guns except the government. Free healthcare. Government takes care of everything. Government funded education including college. Everything the Democrats want in this country.