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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (111648)8/30/2011 2:30:02 PM
From: chartseer1 Recommendation  Read Replies (2) | Respond to of 224707
 
Sounds like a progressive wealth tax. Any assets over a billion taxed 100%. After all when Eisenhower was president there was a 90% income tax on individuals even though no individual ever paid it.



To: Jorj X Mckie who wrote (111648)8/30/2011 2:32:33 PM
From: KLP  Read Replies (3) | Respond to of 224707
 
Don't forget....if the Billionaires give ALL but I Billion of their wealth....it's not even a drop in the bucket in the entire year's budget.....AND if they give their entire wealth, then what will happen the following year...and all the years after that.....

Who will create the new companies?
and
therefore: Who will create the new jobs?

So here's how much these billionaires could give and still have $1B left
Gates - $53B
Buffet - $44B
Bloomberg - $17B
Page (google) - $14B
Brin (google) - $14B
Soros - $13B
Zuckerberg - $12B
Jobs - $5B
Schmidt - $4B
Geffen - $4B
Lucas - $2B
Spielberg - $2B

That is $170 billion dollars that could be applied to debt principal. And it wouldn't inconvenience these fat cat billionaires at all. Why wait until death, give now!