Time to Outlaw Billionaires in the US?

[georgephillip]

Progressive taxation, right there.

Already done, and done.

Really?
Then why have American billionaires seen their wealth increase by $200 billion in 2012, bringing their total net worth to $1.7 trillion?

Is that a conservative conception of progressive taxation?

 

[Treeshepherd]

2014 was a record year for new billionaires (268). In the world, there are a total 1675 billionaires with a combined wealth of $6.4 trillion. Incidentally, only 172 billionaires are women.

Especially if you're just talking about Americans, this is a small club. But, billionaires are better described as international citizens. They hang out in Manhattan, LA, London, Morocco, Dubai, Montana, etc.. They have no peer, but with one another, and they tend to exist in these billionaire circles apart from our world, just rubbing elbows with one another.

They chat with one another about the building and preservation of their empires, and they come up with strategies to screw us over and enslave us. And if one of the billionaires upsets the golden apple cart, he can be excommunicated just as with any clique. It's all just normal human nature, but on a billionaire level with near unlimited resources to discreetly carry out their plans.

It's like Adam Smith said... "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public."

 

[g5000]

http://www.nobillionaires.com/

I've already driven a stake through their bullshit, but let me just give it the final twist.

That link says this:

Also in 1816, Jefferson wrote a letter to Samuel Kerchival explicitly laying out the dangers of an entrenched aristocracy, as today’s billionaire class has now become. Jefferson wrote, “Those seeking profits, were they given total freedom, would not be the ones to trust to keep government pure and our rights secure. Indeed, it has always been those seeking wealth who were the source of corruption in government. No other depositories of power have ever yet been found, which did not end in converting to their own profit the earnings of those committed to their charge."

Not only did the dumb fucks misspell Samuel Kercheval's name, the first two sentences were never said by Jefferson! It is a lie.

And the last sentence, which was written by Jefferson, HAS NOTHING TO DO WITH WEALTH OR THE CONCENTRATION OF IT.

Read it for yourself: Link

It has to do with subdividing counties into wards, which Jefferson supported.

So what we have here, boys and girls, is a deliberate attempt to mislead the rubes.

 

[CrusaderFrank]

2014 was a record year for new billionaires (268). In the world, there are a total 1675 billionaires with a combined wealth of $6.4 trillion. Incidentally, only 172 billionaires are women.

Especially if you're just talking about Americans, this is a small club. But, billionaires are better described as international citizens. They hang out in Manhattan, LA, London, Morocco, Dubai, Montana, etc.. They have no peer, but with one another, and they tend to exist in these billionaire circles apart from our world, just rubbing elbows with one another.

They chat with one another about the building and preservation of their empires, and they come up with strategies to screw us over and enslave us. And if one of the billionaires upsets the golden apple cart, he can be excommunicated just as with any clique. It's all just normal human nature, but on a billionaire level with near unlimited resources to discreetly carry out their plans.

It's like Adam Smith said... "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public."

Who "enslaved" you?

Call 911

 

[Little-Acorn]

Time to Outlaw Billionaires in the US?



I see the liberal fanatics are getting increasingly desperate to take other people's stuff.

Some things never change.

 

[g5000]

 

[boedicca]

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/

Uh. If someone has wealth of $1B, he is still a billionaire.

 

[g5000]

Progressive taxation, right there.

Already done, and done.

Really?
Then why have American billionaires seen their wealth increase by $200 billion in 2012, bringing their total net worth to $1.7 trillion?

Is that a conservative conception of progressive taxation?

Wow. You are absolutely clueless on economics, aren't you.

The more money people make, the more tax revenues you get. Unless you tax production so heavily that you choke it to death.

 

[g5000]

The entire OP link is built on lies.

As I keep telling the retards around here, if you have to lie to win, you have already lost.

 

[boedicca]

Progressive taxation, right there.

Already done, and done.

Really?
Then why have American billionaires seen their wealth increase by $200 billion in 2012, bringing their total net worth to $1.7 trillion?

Is that a conservative conception of progressive taxation?

The top 20% pay nearly all of the federal taxes which fund transfer payments to the bottom 60% and the cost of running the government.

New CBO study shows that the rich don t just pay their fair share they pay almost everybody s share AEI

 

[Toddsterpatriot]

Progressive taxation, right there.

Already done, and done.

Really?
Then why have American billionaires seen their wealth increase by $200 billion in 2012, bringing their total net worth to $1.7 trillion?

Is that a conservative conception of progressive taxation?

Moron doesn't know the difference between income and wealth.
Back to your cardboard box!

 

[SAYIT]

Who cares about the deficit anyway?

No seriously, I think he's overstating to make a point. You cant ban or outlaw someone for too much money tho

I assure you GP takes Hartmann literally and is stone serious about his socialist silliness. I've never known GP to have a sense of humor.

 

[Toddsterpatriot]

2014 was a record year for new billionaires (268). In the world, there are a total 1675 billionaires with a combined wealth of $6.4 trillion. Incidentally, only 172 billionaires are women.

Especially if you're just talking about Americans, this is a small club. But, billionaires are better described as international citizens. They hang out in Manhattan, LA, London, Morocco, Dubai, Montana, etc.. They have no peer, but with one another, and they tend to exist in these billionaire circles apart from our world, just rubbing elbows with one another.

They chat with one another about the building and preservation of their empires, and they come up with strategies to screw us over and enslave us. And if one of the billionaires upsets the golden apple cart, he can be excommunicated just as with any clique. It's all just normal human nature, but on a billionaire level with near unlimited resources to discreetly carry out their plans.

It's like Adam Smith said... "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public."

Who "enslaved" you?

Call 911

His mommy took away his video games.

 

[georgephillip]

Notice that elipsis at the end. That is because the entire sentence carries the exact opposite meaning of what they are trying to portray Jefferson as saying. This is a willful omission deliberately designed to mislead the ignorant rubes drinking their piss who don't know jack shit about Jefferson and who will never fact check.

What's your point, Jack-Ass?
"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...'

Did you deliberately ignore the "then their wealth should be decreased UPON THEIR DEATH" part because you're too busy imagining yourself to be someone worth reading or just because your full of right wing pig shit?

"Also in 1816, Jefferson wrote a letter to Samuel Kerchival explicitly laying out the dangers of an entrenched aristocracy, as today’s billionaire class has now become.

"Jefferson wrote, 'Those seeking profits, were they given total freedom, would not be the ones to trust to keep government pure and our rights secure. Indeed, it has always been those seeking wealth who were the source of corruption in government. No other depositories of power have ever yet been found, which did not end in converting to their own profit the earnings of those committed to their charge.'"
See if you can make a bigger fool out of yourself with the Kerchival letter. Pin-head.
http://www.nobillionaires.com/

 

[georgephillip]

It's like Adam Smith said... "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public."

"All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.

• Chapter IV, p. 448

American billionaires and their USMB handmaidens certainly prove Smith correct about that insight.

Adam Smith - Wikiquote

 

[georgephillip]

Wow. You are absolutely clueless on economics, aren't you.

The more money people make, the more tax revenues you get. Unless you tax production so heavily that you choke it to death.

Or unless you bribe elected Republicans AND Democrats to shift your tax burden onto the shoulders of productive labor.

Can you grasp "carried interest", Clueless?

 

[Uncensored2008]

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?

So, he doesn't want to rape and pillage everyone, just those he thinks deserve it?

 

[georgephillip]

Moron doesn't know the difference between income and wealth.
Back to your cardboard box!

Let's see if Thom can explain this simply enough for a wannabee rich bitch to grasp, shall we?
"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 you, RB?

http://www.nobillionaires.com/

 

[LogikAndReazon]

"From each according to his abilities, to each according to his needs..."

Abolish private property !!! Lmfao

 

[georgephillip]

So, he doesn't want to rape and pillage everyone, just those he thinks deserve it?

Those who pose a threat to democracy, you mean? Like the 100 global billionaires who acquired another $241 billion in 2012? Global parasites whose net worth reached $1.9 trillion or more combined wealth than the GDP of nations like Italy, Mexico, Spain, Canada, Australia, and about 170 other nations?

Is that who you're crying over today, Hayek?

http://www.nobillionaires.com/