daveman
Diamond Member
- Thread starter
- #41
The problem with socialism is that you eventually run out of other people's money."Really? The government is us?I think government is basically US.
It responds to our needs and our fears, wants, desires etc.
That's probably not always a good thing. Bush went to war with Iraq because he was responding to a hurt country that wanted revenge on someone.
And Obama got elected because we found out what revenge costs in blood, treasure and our national soul.
The fault lies not within the stars, but within ourselves, to quote the Bard.
The people who make laws:
Do you know anybody worth that much? I don't.
And besides...you HATE rich people.![]()
yeah, pretty much, but Joe the Plumber isn't going to ever get elected. It costs too much.
I do like how you avoided my point, that the government usually ends up doing what we want it to.
Here's the REAL problem. We want government to do all this shit and we don't want to pay for it.
-- Margaret Thatcher
Your problem is you have no idea of the scale involved. You could confiscate every single penny from the rich people you hate, and it wouldn't fund the government even an entire year:
Eat the Rich ? The Patriot Post
This year, Congress will spend $3.7 trillion dollars. That turns out to be about $10 billion per day. Can we prey upon the rich to cough up the money? According to IRS statistics, roughly 2 percent of U.S. households have an income of $250,000 and above. By the way, $250,000 per year hardly qualifies one as being rich. Its not even yacht and Learjet money. All told, households earning $250,000 and above account for 25 percent, or $1.97 trillion, of the nearly $8 trillion of total household income. If Congress imposed a 100 percent tax, taking all earnings above $250,000 per year, it would yield the princely sum of $1.4 trillion. That would keep the government running for 141 days, but theres a problem because there are 224 more days left in the year.
How about corporate profits to fill the gap? Fortune 500 companies earn nearly $400 billion in profits. Since leftists think profits are little less than theft and greed, Congress might confiscate these ill-gotten gains so that they can be returned to their rightful owners. Taking corporate profits would keep the government running for another 40 days, but that along with confiscating all income above $250,000 would only get us to the end of June. Congress must search elsewhere.
According to Forbes 400, America has 400 billionaires with a combined net worth of $1.3 trillion. Congress could confiscate their stocks and bonds, and force them to sell their businesses, yachts, airplanes, mansions and jewelry. The problem is that after fleecing the rich of their income and net worth, and the Fortune 500 corporations of their profits, it would only get us to mid-August. The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress' voracious spending appetite. Theyre going to have to go after the non-rich.
How about corporate profits to fill the gap? Fortune 500 companies earn nearly $400 billion in profits. Since leftists think profits are little less than theft and greed, Congress might confiscate these ill-gotten gains so that they can be returned to their rightful owners. Taking corporate profits would keep the government running for another 40 days, but that along with confiscating all income above $250,000 would only get us to the end of June. Congress must search elsewhere.
According to Forbes 400, America has 400 billionaires with a combined net worth of $1.3 trillion. Congress could confiscate their stocks and bonds, and force them to sell their businesses, yachts, airplanes, mansions and jewelry. The problem is that after fleecing the rich of their income and net worth, and the Fortune 500 corporations of their profits, it would only get us to mid-August. The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress' voracious spending appetite. Theyre going to have to go after the non-rich.
"Tax the rich!!" is not a viable solution -- but it sure attracts the simple-minded and envious, doesn't it?