Time to Outlaw Billionaires in the US?

[Toddsterpatriot]

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.

George thinks the rich have vaults full of gold coins that they go swimming in.

He's a bitter old failure. There is some billionaire to blame.

 

[georgephillip]

Obviously George Soros would be granted executive immunity. Would you seize the Bill and Malinda Gates foundation assets? Would you make it illegal for billionaires to flee the country? While you open the borders to third world peasants, would you prohibit anyone with means from entering the country? Perhaps you could ensure desperate need as the criterion for entry? Those who have no education and no resources are welcome, those who have something to contribute need not apply?

"Assume P is true.

"From this assumption, deduce that Q is true.

"Also deduce that Q is false.

"Thus, P implies both Q and not Q (a contradiction, which is necessarily false).

"Therefore, P itself must be false."
Reductio ad Absurdum

 

[EdwardBaiamonte]

"No Billionaires Campaign"

If Gates and Jobs had to stop selling before they became billionaires technology would be 20 years behind or more. It would be idiotic, like limiting Henry Ford's assembly line to 500 cars a day. We'd all be much poorer!

 

[EdwardBaiamonte]

Liberals are very very stupid. They think if one guy has a billion he stole it from someone else. In reality everyone's standard of living goes up over time under capitalism. Its not a zero sum game.

 

[HenryBHough]

France tried something like that just a few months ago. Before it was even in effect there were 75% fewer billionaires in France than there had been the day before the idea was floated.

They didn't divest; they moved. When the scheme was kicked under the table most did not return.

 

[EdwardBaiamonte]

"If you can't get by on a thousand million dollars,

that would be like saying if you cant get by in America with just one car while 20,000 kids slowly starve to death every day in Africa something is wrong with you.

 

[Conservative65]

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/[/QUOTE]

Typical mindset of those who think a leech is owed something in life. I have a suggestion. Let those 49 million in poverty lift themselves out of it by spending half as much time trying to improving themselves and their skills as they do demanding someone else they are jealous of give it to them. Many of them could be handed enough to temporarily get out of poverty and in 5 years would be right back where they started.

 

[Conservative65]

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. I don't support taking all of something over a certain amount because someone else thinks they have too much.

 

[Conservative65]

So basically more money for government to waste?

No thank you.

More like money for those believing in wealth redistribution to buy votes.

 

[KissMy]

Liberals are very very stupid. They think if one guy has a billion he stole it from someone else. In reality everyone's standard of living goes up over time under capitalism. Its not a zero sum game.

Wrong! Our government stole the money from workers to subsidize them. Our government also squashes workers pay & organizing.

 

[EdwardBaiamonte]

Our government stole the money from workers to subsidize them.

if so why are you so afraid to give best example of liberal govt stealing money from workers and giving it to billionaires!!

what does you fear teach us about the low IQ of liberals?.

 

[georgephillip]

if so why are you so afraid to give best example of liberal govt stealing money from workers and giving it to billionaires!!

Why do you hate the poor?
"As a result, the typical hourly wage for an American worker increased a measly $1.23 over the last 36 years, after accounting for inflation.

"Meanwhile, the top 1% have seen their incomes increase by 275% since Reagan's election.

"Today, workers’ wages as a percentage of GDP are at an all-time low.

"Yet, corporate profits as a percentage of GDP is at an all-time high."
http://www.nobillionaires.com/