Boss
Take a Memo:
- Thread starter
- #101
While it might be ludicrous to you it's not at all funny to an increasing number of ninety-nine percenters who are beginning to realize that "trickle down" really means siphon up and what's being done to America by the One Percent is insidiously destructive to the very purpose of this Nation -- which is the elimination of aristocracy. And while you have made an earnest nine-paragraph effort to explain (rationalize) why most CEOs deserve to squat over gold-plated toilet bowls and to hoard more money than any reasonable person needs to live a luxurious life, the fact remains that CEOs who once earned thirty times what their lowest paid employee earned are now earning three-hundred and more times what the peons earn -- in addition to multi-million dollar bonuses. And we are pissed off about it.[...]
It's not wrong for capitalists to make money, that's kind of the whole idea behind it. This notion that capitalists are somehow "making too much money" is ludicrous.[...]
While there does remain a percentage of brainwashed right-wing water-carriers who have been conditioned to believe what the emerging corporatocracy has been doing to America is okay, that percentage is slowly being overtaken by a more radical element. I am a part of that element and I believe the only way to restore balance to America's economy and to strengthen our social integrity is for the IRS to confiscate all personal assets in excess of twenty million dollars and for Government to devote most of the acquired revenue to fully restoring, updating, and improving our crumbling infrastructure.
While such radical confiscatory action will produce millions of jobs and will create many thriving industries it will not eliminate wealth, because twenty million dollars of net worth is wealth by any rational standard. The second important effect of the confiscation will be the elimination of excessive wealth, which translates to political power and is presently having a toxic effect on our political atmosphere.
While I agree that what I'm proposing is a revolutionary concept, it was a Revolution that gave rise to this nation and I believe nothing short of revolutionary action can save it from the greedy hoarders in our midst.
You are insane. First of all, monetary assets are personal property, and the Constitution is pretty clear on the power of government to seize it. This is prohibited.
Even IF this were doable, which it's not, because of the Constitution, the results would NOT be as you have been promised by the Socialists. Take a few minutes away from your Marxist blogs to go study up on Chairman Mao in China. Stunningly, the "people's revolution" in China, began with the VERY SAME MESSAGE that you people are promoting today. The wealthy controlled "too much" and the poor had nothing, and the only way to "fix" this was redistribution on a mass scale. The People were all for this, they revolted and overturned the Chinese government, and installed Mao as their ruler. They were a bit more aggressive than you, they rounded up all the rich greedy capitalists and executed them, then confiscated their wealth. All capitalist dealings were handled by the government, trade was severely curtailed. And the People who rose up to install Mao, were markedly worse off in the end. Seems once the "Ruling Class" was able to confiscate wealth, those in political power became very wealthy, while the rest in society languished.
Look... you are always going to have a 1% who control most of the wealth. That dynamic will never change, and even IF WE COULD suddenly and miraculously, redistribute all wealth equally, within 20 years, we would see everything return as it is today. There would still be a certain percentage of people who are predisposed to attain wealth, and do it better than the rest. There would still be people who lacked the motivation to do so. In the end, the same "rich people" would eventually become rich again. But we already know from experience, those of us who've studied history, that redistribution never works. The political powers you entrust to do this, steal the wealth, because they control the means to do this, and no one is there to prevent it. They aren't capitalists trying to please shareholders and turn a profit anymore, they are politicos who have been given a license to steal and not be held accountable.
All of the examples of Enron and corporate fraud, would be replaced by inter-government agencies operating undercover, and unaccountable to anyone. The government goes after crooked capitalists, they put them in prison! The government doesn't go after itself. What you are essentially wanting to do, is replace free market capitalists, who can be controlled through regulation as well as by the consumers and competitors, with a statist system of government cronies who answer to no one, and not only control all the wealth, but the political power as well. If you ever manage to ignorantly take us there, we're FUBAR!