Author Topic: Abolish Billionaires  (Read 621 times)

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Online mystery-ak

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Abolish Billionaires
« on: February 07, 2019, 10:33:00 AM »
Abolish Billionaires

A radical idea is gaining adherents on the left. It’s the perfect way to blunt tech-driven inequality.


By Farhad Manjoo

Opinion Columnist

    Feb. 6, 2019

Last fall, Tom Scocca, editor of the essential blog Hmm Daily, wrote a tiny, searing post that has been rattling around my head ever since.

“Some ideas about how to make the world better require careful, nuanced thinking about how best to balance competing interests,” he began. “Others don’t: Billionaires are bad. We should presumptively get rid of billionaires. All of them.”

Mr. Scocca — a longtime writer at Gawker until that site was muffled by a billionaire — offered a straightforward argument for kneecapping the wealthiest among us. A billion dollars is wildly more than anyone needs, even accounting for life’s most excessive lavishes. It’s far more than anyone might reasonably claim to deserve, however much he believes he has contributed to society.

At some level of extreme wealth, money inevitably corrupts. On the left and the right, it buys political power, it silences dissent, it serves primarily to perpetuate ever-greater wealth, often unrelated to any reciprocal social good. For Mr. Scocca, that level is self-evidently somewhere around one billion dollars; beyond that, you’re irredeemable.

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https://www.nytimes.com/2019/02/06/opinion/abolish-billionaires-tax.html
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Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #1 on: February 07, 2019, 10:38:02 AM »
Considering most of the Billionaires in the country are Marxists, I have no problem with this. Let's see how quickly they change their attitudes after capitol gains are taxed at 95%.

Online goatprairie

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Re: Abolish Billionaires
« Reply #2 on: February 07, 2019, 02:14:35 PM »
So people like Farthead Manjoo thinks there should be no billionaires? I wonder if he'd think that if somehow he came to acquire a billion simoleons?
Then I'll bet he'd think he was perfectly right and just that he has a billion....just not all those others who didn't build it and didn't deserve their wealth.
Many of the comments below are ridiculously moronic. One commenter said Howard Schultz just got lucky with Starbucks...he didn't earn that money.  Other comments are similarly insipid.
Sure, we don't need no stinkin' entrepreneurs. They don't deserve their filthy lucre.  :whistle:
Is it time for The Great Split yet?

Online andy58-in-nh

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Re: Abolish Billionaires
« Reply #3 on: February 07, 2019, 03:05:22 PM »
Wealth doesn't corrupt politics. Politics corrupts wealth.
Socialism is like the monster in "It" - every thirty years or so it returns to devour the young.

Offline Hoodat

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Re: Abolish Billionaires
« Reply #4 on: February 07, 2019, 03:14:42 PM »
Ayn Rand wrote a book about this.  It didn't end well.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

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Online Bigun

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Re: Abolish Billionaires
« Reply #5 on: February 07, 2019, 03:21:32 PM »
Quote
Abolish Billionaires

No thanks!  I want to be one of them and wish I had the opportunity!

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #6 on: February 07, 2019, 03:44:05 PM »
No thanks!  I want to be one of them and wish I had the opportunity!

You want to become a Marxist who funds the destruction of the country?


Offline LMAO

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Re: Abolish Billionaires
« Reply #7 on: February 07, 2019, 03:45:46 PM »
How would they do this? Executions? Re education camps?
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

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Offline ABX

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Re: Abolish Billionaires
« Reply #8 on: February 07, 2019, 03:48:48 PM »
Dear Farhad,

It is not your money and it is none of your business.


Online Bigun

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Re: Abolish Billionaires
« Reply #9 on: February 07, 2019, 03:49:26 PM »
You want to become a Marxist who funds the destruction of the country?



Nope! Those guys are the very ones doing everything possible to prevent ME from becoming a billionaire!  I guess I would have to get past millionaire first huh!

Offline ABX

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Re: Abolish Billionaires
« Reply #10 on: February 07, 2019, 03:50:02 PM »
Wealth doesn't corrupt politics. Politics corrupts wealth.

∆ This

Offline ABX

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Re: Abolish Billionaires
« Reply #11 on: February 07, 2019, 03:52:40 PM »
You want to become a Marxist who funds the destruction of the country?



Just because you don't like someone's politics doesn't give you the right to take what they have.

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #12 on: February 07, 2019, 04:01:35 PM »
Just because you don't like someone's politics doesn't give you the right to take what they have.

Why? They make no bones about taking what I have. Each and every one of them has called on raising income taxes on the high earners. I am calling for a 90%+ tax on capitol gains.

Online Bigun

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Re: Abolish Billionaires
« Reply #13 on: February 07, 2019, 04:06:10 PM »
Why? They make no bones about taking what I have. Each and every one of them has called on raising income taxes on the high earners. I am calling for a 90%+ tax on capitol gains.

And YOU have the nerve to call someone else a Marxist??? 

All of those people calling for higher income tax rates are doing so because they have the ability (bought and paid for) to arrange their affairs in such a way that they have very little to no "income" as defined by the current MARXIST income tax code!

Offline LMAO

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Re: Abolish Billionaires
« Reply #14 on: February 07, 2019, 04:06:17 PM »
Just because you don't like someone's politics doesn't give you the right to take what they have.

^This
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy

Offline ABX

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Re: Abolish Billionaires
« Reply #15 on: February 07, 2019, 04:07:14 PM »
Why? They make no bones about taking what I have. Each and every one of them has called on raising income taxes on the high earners. I am calling for a 90%+ tax on capitol gains.

..and there we have it folks, the Alexandra Ocasio-Cortiz OF GOPBR.

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #16 on: February 07, 2019, 04:13:48 PM »
And YOU have the nerve to call someone else a Marxist??? 

All of those people calling for higher income tax rates are doing so because they have the ability (bought and paid for) to arrange their affairs in such a way that they have very little to no "income" as defined by the current MARXIST income tax code!

Sorry. If you think this battle was won on taxes you are probably also under the mistaken assumption that Obamacare will be gotten rid of. We are going to get taxed no matter what high minded ideas you have. I see little or no real push from the weak GOP on the issue. I am going to make sure it is them first since they are funding the efforts for me to get taxed first.

Online Bigun

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Re: Abolish Billionaires
« Reply #17 on: February 07, 2019, 04:20:21 PM »
Sorry. If you think this battle was won on taxes you are probably also under the mistaken assumption that Obamacare will be gotten rid of. We are going to get taxed no matter what high minded ideas you have. I see little or no real push from the weak GOP on the issue. I am going to make sure it is them first since they are funding the efforts for me to get taxed first.

I'm under no illusions @AmbFrank. And neither am I going to be a part of the "if you can't beat them join them" crowd as you seem to be advocating for.

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #18 on: February 07, 2019, 04:56:58 PM »
I'm under no illusions @AmbFrank. And neither am I going to be a part of the "if you can't beat them join them" crowd as you seem to be advocating for.

The problem with this country is that not enough people are feeling any pain no matter how bad it gets. The Free Shit Army didn't even have a clue we had a devastating recession because they are cared for cradle to grave and the shitbags on Wall Street who caused the damn thing through greed and Govt' sponsored recklessness not only got passes but the Establishments set up a whole new system to abuse and get rich off of. Now we have a 22 trillion debt. May be manageable if these economic numbers keep putting out, but at some point they won't. Who do we take from them to pay for it when things go south? The Free Shit Army or the sons of bitches that rigged the game? I got a nickle it ain't going to be the Free Shit Army.

Online Bigun

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Re: Abolish Billionaires
« Reply #19 on: February 07, 2019, 05:00:17 PM »
The problem with this country is that not enough people are feeling any pain no matter how bad it gets. The Free Shit Army didn't even have a clue we had a devastating recession because they are cared for cradle to grave and the shitbags on Wall Street who caused the damn thing through greed and Govt' sponsored recklessness not only got passes but the Establishments set up a whole new system to abuse and get rich off of. Now we have a 22 trillion debt. May be manageable if these economic numbers keep putting out, but at some point they won't. Who do we take from them to pay for it when things go south? The Free Shit Army or the sons of bitches that rigged the game? I got a nickle it ain't going to be the Free Shit Army.

I've repeatedly offered a solution.  Let's hear yors.

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #20 on: February 07, 2019, 05:11:43 PM »
I've repeatedly offered a solution.  Let's hear yors.

Yours and my ideal solutions are meaningless. The reality on the street is that we have a massive class of people who are 5th and 6th generation deadbeat Welfare Queens who want to maintain their lifestyles and we have a ruling class controlled by rich Socialists who want to maintain their lifestyles. Only people left to soak are the people like me in the middle who are too civilized to revolt and too poor to buy politicians. My only real option right now is to see that one of the two other groups takes it in the ass. Otherwise I am screwed. Since the Rich are currently populated with jerks most people don't like I will foment more hatred towards them.

It's called self preservation. The days of noble causes and high minded ideals has sadly passed.

Offline Sanguine

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Re: Abolish Billionaires
« Reply #21 on: February 07, 2019, 05:39:26 PM »
BKMK
Cui bono?

Walk in Wisdom
See then that you walk circumspectly, not as fools but as wise, redeeming the time, because the days are evil.

But the noble make noble plans, and by noble deeds they stand.

Offline jmyrlefuller

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Re: Abolish Billionaires
« Reply #22 on: February 07, 2019, 07:00:45 PM »
There's an easy way to abolish most billionaires in America without harming one iota of their net worth.

Revalue the dollar. Move all money amounts one decimal place to the left, and boom. Anybody with a net worth under $10 billion is no longer a billionaire... and you'd still have a dollar with only half the value of the pre-Federal Reserve era average.

Offline Frank Cannon

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Re: Abolish Billionaires
« Reply #23 on: February 07, 2019, 07:05:25 PM »
There's an easy way to abolish most billionaires in America without harming one iota of their net worth.

Revalue the dollar. Move all money amounts one decimal place to the left, and boom. Anybody with a net worth under $10 billion is no longer a billionaire... and you'd still have a dollar with only half the value of the pre-Federal Reserve era average.

That is usually the second step down the collapse road right after hyperinflation.

Offline RoosGirl

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Re: Abolish Billionaires
« Reply #24 on: February 07, 2019, 07:08:01 PM »
This is why I keep silver buried in my back yard.


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