Time to Outlaw Billionaires in the US?

[georgephillip]

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.

 

[Toddsterpatriot]

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/

But they wouldn't leave with all their toys:

The whiner said they didn't spend all their money on toys.
They hoard their money. LOL!

 

[Toddsterpatriot]

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.

Buffett paying you to play that violin?
Play monkey, play!

 

[Stephanie]

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.

yeah, we hear you wailing because you don't can't get enough out of us taxpayers to support your master government. the thing with people like you and Progressives in the Democrat party is, There is NEVER enough for you people.

 

[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?

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

Aww you're so cute

 

[georgephillip]

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

A skeptic would point out all the "right" people depend on the billionaires to fund their election campaigns and retirements.

Apparently Jefferson had some thoughts about billionaires and original intent:
"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...'"
http://www.nobillionaires.com/

 

[LogikAndReazon]

Communism can still work, we just havent found the right formula comrades !!!

 

[Broncho4]

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/

Why don't we just stop stupid people from buying shit they can't afford. Debt is the real evil in this country. These morons sell their future to buy overpriced crap. That's what makes Billionaires. If average Americans simply lived within their means, the growth of Billionaires would slow. Saving money and creating wealth in the middle class.

 

[martybegan]

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

A skeptic would point out all the "right" people depend on the billionaires to fund their election campaigns and retirements.

Apparently Jefferson had some thoughts about billionaires and original intent:
"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...'"
http://www.nobillionaires.com/

he was talking about making inheritances be split amongst heirs, not the government taking it.

 

[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.

Aww you're so cute

It can be done with the proper people and the will to do it.

 

[Avorysuds]

Scary times we are entering.

 

[georgephillip]

That's what makes Billionaires

There is also the fact that rising productivity gains since the 1970s have gone into the pockets of billionaires instead of the workers most responsible for those gains:
"For most of American history, workers’ wages grew as their productivity grew.

"This was considered a law of economics.

"So much so that in 1966, TIME magazine predicted a coming 'Leisure Society' in which workers would benefit from increased productivity as a result of automation and technology, and see their wages increase despite working fewer and fewer hours.

"But right around the time that corporate leaders saw their income tax rates slashed drastically, and began looking overseas for cheaper and cheaper labor, a great rift opened up between productivity and workers’ wages.

"Productivity went up considerably, as TIME magazine predicted, but wages stayed flat.

"The Leisure Society never came to be."
http://www.nobillionaires.com/
Absent the government intervention on behalf of billionaires over the past four decades, most Americans could be earning more while working fewer hours today than they did in 1966.

 

[ClosedCaption]

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.

Aww you're so cute

It can be done with the proper people and the will to do it.

Yeah sure and one day all your dreams can come true....but the likelihood of it happening is nil...just like this idea that govt will stop expanding.

So if the Millionaires and Billionaires arent paying who pays to make sure they pay less?

 

[georgephillip]

Scary times we are entering.

Imagine how much scarier AFTER the next New Pearl Harbor?

 

[Toddsterpatriot]

That's what makes Billionaires

There is also the fact that rising productivity gains since the 1970s have gone into the pockets of billionaires instead of the workers most responsible for those gains:
"For most of American history, workers’ wages grew as their productivity grew.

"This was considered a law of economics.

"So much so that in 1966, TIME magazine predicted a coming 'Leisure Society' in which workers would benefit from increased productivity as a result of automation and technology, and see their wages increase despite working fewer and fewer hours.

"But right around the time that corporate leaders saw their income tax rates slashed drastically, and began looking overseas for cheaper and cheaper labor, a great rift opened up between productivity and workers’ wages.

"Productivity went up considerably, as TIME magazine predicted, but wages stayed flat.

"The Leisure Society never came to be."
http://www.nobillionaires.com/
Absent the government intervention on behalf of billionaires over the past four decades, most Americans could be earning more while working fewer hours today than they did in 1966.

but wages stayed flat.

Why use wages instead of compensation?

 

[Toddsterpatriot]

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.

Aww you're so cute

It can be done with the proper people and the will to do it.

Yeah sure and one day all your dreams can come true....but the likelihood of it happening is nil...just like this idea that govt will stop expanding.

So if the Millionaires and Billionaires arent paying who pays to make sure they pay less?

So if the Millionaires and Billionaires arent paying

They do pay.

 

[Avorysuds]

Scary times we are entering.

Imagine how much scarier AFTER the next New Pearl Harbor?

I don't understand the question. We had 911, that's pretty close to PH... Unless you're claiming all these billionaires were crated under Obama and his policies?

 

[ClosedCaption]

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.

Aww you're so cute

It can be done with the proper people and the will to do it.

Yeah sure and one day all your dreams can come true....but the likelihood of it happening is nil...just like this idea that govt will stop expanding.

So if the Millionaires and Billionaires arent paying who pays to make sure they pay less?

So if the Millionaires and Billionaires arent paying

They do pay.

You know what I'm saying....

 

[martybegan]

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.

Aww you're so cute

It can be done with the proper people and the will to do it.

Yeah sure and one day all your dreams can come true....but the likelihood of it happening is nil...just like this idea that govt will stop expanding.

So if the Millionaires and Billionaires arent paying who pays to make sure they pay less?

They do pay.

 

[Toddsterpatriot]

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

Aww you're so cute

It can be done with the proper people and the will to do it.

Yeah sure and one day all your dreams can come true....but the likelihood of it happening is nil...just like this idea that govt will stop expanding.

So if the Millionaires and Billionaires arent paying who pays to make sure they pay less?

So if the Millionaires and Billionaires arent paying

They do pay.

You know what I'm saying....

It's true, millionaires and billionaires pay a lot in taxes.