samhill wrote:Just try & spend it wisely is all I ask, odd that the party that gave us the Great Recession is suddenly fiscally sound, oh wait they always did say the economy was fiscally sound. Is voting on defunding Obamacare over & over again not cost the taxpayer? How about since a Corp. is now a person then tax them as such & quit giving a person a subsidy that might be a good start. Just start doing what they are paid to do is all, how about that do you think they are doing a good job?
"The problem with socialism is that eventually you run out of other peoples money." I don't know about you, but I'm plum tapped out.
Besides, if everyone in this nation was forced to share equally in the wealth we would find that everyone would eventually be living in poverty. Lets assume that the upper 1% earn 80% of the nations annually generated wealth. Take it all from them and now the families representing the 99% are all about twice as wealthy for one year as they were to begin with.
National GDP = 14 trillion dollars generated by the economy annually
80% of 14 trillion = 11.2 trillion dollars earned by the upper 1%
Take away 50% for taxes (about the total of taxes actually paid to cover all taxes, including local, state, federal, property, sales, military funding,education, etc...) and you have 5.6 trillion dollars remaining
Working class = 115 million people
99% of 115 million = 113.85 million
5.6 trillion dollars divided by 113.85 million people = $49,000 additional per working class family per year.
If we totally robbed the wealthy for one year, and then they shrugged and gave up and the nations industry and economy ground completely to a halt (please read Atlas Shrugged, or just read about the Russian economy and how it languished in the doldrums of dispair for decades after they did this), would it be worth it to get a handout of $49,000 per working class family for one year?
And on top of that, if everyone had twice as much money to spend, within one year everything would cost twice as much. That's just the way it is when twice the wealth chases the same amount of available goods. Then where would we be come year two?
And on top of that, much of the 11.2 trillion that the wealthy earn is reinvested in future growth, but you just took it from them, so now there is no chance for economic growth, and everything soon decays and rots to nothingness. And soon Detroit looks like heaven.