DCZards wrote:stilldropin20 wrote:No developed country has ever invoked laws and tax codes to confiscate excessive wealth. Only rogue dictators. So we don't know what would happen if a well informed and educated public voted for officials won campaigned on and the saw these reforms through.
There's probably a reason why no developed country has ever invoked laws and tax codes to confiscate excessive wealth...because no well informed and educated public would ever vote for officials who campaigned on that type of reform.
I'm on board with less capitalism and more socialism in our our laws/policies. A more equitable distribution of wealth/resources is a moral imperative, imo. But I don't believe confiscating people's money (which would probably lead to a civil war) is the answer.
It should not lead to civil unless the wealthy could continue to convince the american people that they should stay poor and the wealthy should stay wealthy. ON second thought. yeah americans will totally continue to buy that.
But if americans finally get woke? it would very likely lead to a world war. not civil. as they will move their wealth to another country, finance that new countries war efforts and propoganda against the US, and come get their money back. So world war? yes. Civil war? maybe. americans just might be that dumb.
either way, thats why you(the US government) should borrow heavily first and build up a massive military. massive! and strap in. If there was ever a war that would be "worth it?" This is the war worth having. At some point, whoever "we"(and I just may have a mouse in my pocket on this one) are fighting against just needs to be educated as to what "we" are fighting for. wealth equality. Cuz aint no wealthy ruling class mofos going to have a rifle in their hand. Poor folk gonna be fighting poor folk. again. Just as we always have. Just so the wealthy can keep their wealth and their power and influence over the poor folk. Always been this way. Hopefully wont always be that way.
286 congressman and the will of about half the american people is all you need.
And I never said confiscate ALL OF THEIR WEALTH. But No individual, no foundation, no family. no one needs over $100 Million. in my plan, you can keep up to $100M. Perhaps more. I say 98% tax on everything over $100M. so one can still be wealthy as ****. $100M is plenty. and large corporation can hold up to $500M. families should be capped at $3-400M as well.
Why do we allow a company like apple to acquire $300 Billion? Why? What is the purpose of having a tax code that allows an american company to be formed around 1977. Make computers and later handhelds which were by and large sold to the american public at profit levels so inappropriately taxed that 40 years later this company has cash reserves at $300Billion ? Am i missing something here? why is this a good thing? Anyone? Does anyone here in this thread actually fully understand how much money that is and how quickly they amassed that absurd amount? Off memory, about 7 years ago they only had about $30 Billion.
And like google and amazon, they've been buying up other corporations up en masse along the way. these guys are NOT sellers. they are global buyers yet still have mass cash reserves.
here's a hint why. we allow them. everyone in this thread who's jaw isn't hanging on the ground by now. everyone who isn't saying to themselves, what the actual fuq!!" You! yes you! You let them have that kind of wealth.
Cuz i've been saying wut dafuq on this stuff for decades. no one wants to hear it. everyone thinks that taxing them hard has to hit mom and pop. It doesn't. mom and pop can still become millionaires just the same. even up to $100Million. and then thats enough. tax it hard after $100M. We can leave indivduals, trusts, and foundations alone with less than 10? 20? 30? 40? Million alone. I dont know where to cut it off. thats clearly open for debate. But there should be a cut off where we the american people say thats too just too much.
its funny. in sports, nearly everyone supports a salary cap. and a draft. bad teams get top picks. and wealthy teams dont get to overspend small markets. otherwise: "its not fair!" whine all the cry babies. But in real life??
fuq the poor!! the wealthy get to hoard. the wealthy get to control the narrative with the wealth they were allowed to hoard. the wealthy get to live above the law. the wealthy get to buy off politicians. and we have no real recourse. none. all they have to do is not do it in broad daylight toooooo much. In. broad. effin. daylight. and everyone is A-OK with it. hoard away! then control the narrative via the media that you own!! tell me how its a good and righteous system!! I'll even defend you on REALGM. Never forget this. "Money," and therefore the money supply in this country as it was founded and as the constitution was written, money was never suppose to be anything more than a tool to facilitate the exchange of goods and services.
Not a tool for the wealthy hoard and then to control the narrative, control congress, control the president, control everything. our founding fathers saw this in europe and purposely wanted to avoid that here in the states. yet here we are.
