Title: Suppose the Government Confiscated 100% of ALL of the Wealth of the 20 Richest Americans. What would that Do?
Author: Andrew M Molchan
Date: Thu September 6th, 2012
Sept 6th 2012. ANDY'S UNPOPULAR INSIGHTS. The Myth and Lie of Mr. Obama's "Taxing the Rich" to Pay for What is ALREADY 1.2 Trillion Dollars of Borrowed/Queer Money Per Year.
Side Note: Yesterday the Democrats put the Jerusalem/US Embassy back into their platform. Very clever. They kept their cake AND they also got to eat it. The Democrats conned the Republicans into paying for the publicity of showing how obsolete the Republicans are on everything connected to the Middle East, and the Democrats side tacked the Republicans into a totally irrelevant and profoundly stupid issue with only a few weeks to the election.
Main Issues. The Main Issues for 85% of America's voters are: Jobs, the Sky Rocketing DEBT, the never ending Queer Money, Taxes, and American's forever stupid wars in stupid places.
President Obama already has a big advantage on the war issue. Pres Obama can say, "When I came into office thousands of young Americans were dying in Iraq. Now, no Americans are dying in Iraq. The Iraq weapons of mass destruction have been destroyed. The Osama bin Laden and Saddam Hussein terrorist alliance has been destroyed. Both bin Laden and Saddam are dead. It was I who achieved total victory over terrorism in Iraq."
HOWEVER, we have Mr. Obama's big lie, that the sky rocking DEBT will be solved by "Making the rich pay their fair share."
During the last 100 years, 72 of the world's about 120 Nations have had a mainly Communist or Ultra-Socialist Government. The 72 number includes many major Nations like: Russia, China, India, England after WWII into the late 1960s, Nazi Germany (the National SOCIALISTS), Italy, Spain, Egypt, several South American countries, all of Eastern Europe after WWII, etc and so forth.
After WWII England went through its socialist "Get the Rich" phase, and it was a FAILURE. Pres Obama is making the same old mistake, in the same old way, with the same guaranteed future failure.
There have been MANY Nations that were (and still are) Half-Communist, but I'm not counting them. We could say that American is 15% Communist, with the Communism growing, but for simplicity I'm not even counting that.
In EVERY one of the 72 mainly Communist and Ultra-Socialist countries the Left-Wing came into power by promising the workers that the "Rich" would pay for what the workers wanted. In EVERY case, for over a 100 years, it proved to be A LIE and a failure. Nowhere in the World did it work.
President Obama is NOW making the same Communist Paradise promise. That the "Rich" will pay for America's ALREADY 1.2 Trillion of Queer Money/Debt Per Year. America will have a Teddy Kennedy plantation welfare paradise where everyone will live happily ever after off the money of the Rich.
Well, if it sounds good than it must be good - right? Let's ignore the universal Failure of the idea over the last 100 years. Let's tell ourselves, "This Time is Different."
Smart people can learn from the mistakes of others - stupid people cannot.
In past essays I've already done the Math several ways, today let's do it this way:
Let's Confiscate 100% of ALL of the wealth of the 20 Richest People in America. This is MORE than making the Rich, "Pay their fair share," of a little more tax. We'll take 100% of EVERYTHING they have and give it to "the people." What would happen?
First question is, "How much money do the 20 Richest Americans have?" Here's the answer: Bill Gates $58 Billion, Warren Buffett 39 B, Larry Ellison 33 B, David Koch 25 B, Charles Kock 25 B, George Soros 22 B, Sheldon Adelson 21 B, Jim Walton 21 B, Alice Walton 21 B, Robert Walton 20 B, Michael Bloomberg 19 B, Jeff Bezos 19 B, Mark Zuckerberg 16 B, Sergey Brin 16 B, Larry Page 16 B, John Paulson 15 B, Michael Dell 14 B, Steve Ballmer 14 B and Forrest Mars $13 Billion.
The grand total for CONFISCATING 100% of ALL of the wealth of the 20 richest people in America is $454 Billion Dollars.
Keep in mind what EVERY Communist Government has discovered (to their horror) over the last 100 years; the Government can ONLY steal the wealth of the Rich Once - then it's GONE Forever.
America's Queer Money/T-Bond DEBT is ALREADY running at a level of 1.2 Trillion Dollars per year. If we Confiscate 100% of All of the wealth of the 20 richest people in America that would pay for 38% of the 1.2 Trillion in Debt for ONE YEAR. The other 62% would still be there. The Next year (and every year after) the $1.2 Trillion Debt would grow LARGER because the 20 former richest people in America would be paying ZERO income tax because they would have ZERO money.
I do not believe that Mr. Obama is an evil person. However, I do believe that Mr. Obama CANNOT think outside of the socialist steel box in his head.
It's like Clint Eastwood said, "Lawyers don't make good managers." I was in the real world of business for 40 years and created magazines, organizations and businesses. In the real world one of the top five axioms is, "If you really want to be creative the first thing you have to do is get rid of the lawyers."
Mr. Obama is a typical lawyer - the ONLY things he can think about is what America CANNOT do.
Mr. Obama has been given a chance and FAILED. In GOOD Management, when somebody is a failure you try someone new. Will Romney succeed? Who knows, but another real world axiom is, "If a person CANNOT make money for themselves than they CANNOT make money for you." Romney knows how to make money without getting it from the tax payers.
We know what is NOT working for creating more American jobs - Mr. Obama has failed. It's time for a new Quarterback.