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Politics : Formerly About Advanced Micro Devices
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To: ralfph who wrote (1427154)12/3/2023 1:54:13 PM
From: Maple MAGA 1 Recommendation

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Mick Mørmøny

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That one percent creates and maintains all the free-enterprise private sector jobs. If you were to confiscate all the wealth of the 1% it would not pay the national interest down by more than 1%.

People like Rat and Ralph don't realize that private wealth includes assets such as real estate, stocks, and other investments, but it also includes liabilities like mortgages and other debts.

Even if it were technically possible to confiscate all private wealth, doing so would likely have severe economic and social consequences. It could discourage investment, lead to a decline in economic activity, and raise serious ethical and legal questions.

Additionally, the national debt is a complex issue that involves both domestic and international obligations. It's not just a matter of taking money from individuals; it requires careful consideration of economic policies, fiscal management, and international relations.
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