Individual Wealth Cap

a reply to: ClovenSky

The newest generation embracing socialism.

that has more to do with common core math and a lack of civics classes and participation trophies than what you describe
send them on holiday to Venezuela
that will change their minds quickly

chared rat anyone?

a reply to: ClovenSky

I mean thats why i voted for trump tho, at least I thought

the plan was to burn # down I thought

originally posted by: idiotseverywhere
a reply to: ketsuko

I think the cap should represent individual networths, and not communal aspects like companies, business, or services like church groups etc

google needs their money, but larry already proved he didnt need his.

I ask because look at Hobby Lobby for one example of a very, very large business that is still privately owned and certainly worth more than 1 billion across all its various assets, and all of that is owned by the Green family.

I know of another instance of an international business with holdings across multiple nations that plays in the Fortune 500 that is still family owned and has to be worth billions.

a reply to: idiotseverywhere

If there was a cap it would need to be a lot more than 1 billion, it would need to be at least 20 billion, and it would need to adjust for inflation.

I don't think you realize there are things that legit cost billions of dollars to buy. For instance, an NFL franchise.

Instead of always trying to use the stick, the carrot is actually usually more effective.

For instance - if billionaires were given dollar for dollar tax deductions for money donated to charity - a lot more money would go to charity, which in most cases is more efficient than it going to the federal government.

a reply to: ketsuko

yeah like stuff like this wouldn't work with a cap,

but like a 2 billion dollar political bribe to an oil company would be harder to pull, you know, things normal people never do


there is a law in my state you cannot have like $50,000 cash because all that is realistic for is drug money. same concept, but scaled up

a reply to: shooterbrody

Ah, Venezuela the perfect boogeyman. I wonder how much impact our (USA's) policies had on their economy?

Oh well. Time will tell. I wonder how long they can keep the federal funds rates this low and continue to inject trillions into the banking sector? I guess when people call me lazy and complacent for even suggesting to question our current system, I will wear that label will pride.

I am not hurting financially at all in the present. But I can see the direction this baby is going.

a reply to: ClovenSky

Well, that's the ticket now ain't it?

The answer most lightly lies in a massive redistribution of wealth and power amongst our respective populous.

But that won't happen without a revolution which will require sacrifice and blood the likes of which we have yet to witness.

Hell of a way to achieve a paradigm shift that results in the least a modicum of equality, but none the less probably whats required.

End of the day change is painful, but if we keep on going in the manner that we are it's all going to end in tears, just down to the fact that our monetary systems are based on debt that can only ever increase.

As to real answers, I'm afraid just like my bank account, every month, I'm coming up empty.

originally posted by: proximo
a reply to: idiotseverywhere

If there was a cap it would need to be a lot more than 1 billion, it would need to be at least 20 billion, and it would need to adjust for inflation.

I don't think you realize there are things that legit cost billions of dollars to buy. For instance, an NFL franchise.

Instead of always trying to use the stick, the carrot is actually usually more effective.

For instance - if billionaires were given dollar for dollar tax deductions for money donated to charity - a lot more money would go to charity, which in most cases is more efficient than it going to the federal government.

If charities weren't also scams for the elite. Which they often are. But that is another topic and I am bailing on this thread to save what's left of my IQ and sanity.

a reply to: idiotseverywhere

I also had really high hopes for the Trump presidency. Until I saw him appoint mostly goldman sachs people to the highest positions of financial offices. Then radio silence. No more auditing the fed. No more restricting and reinstating some of the regulations of our financial sector had that existed before 2007. Everything is just A OK now. I think the plan was to reorg the financial sector, but that was only until he got the job....now it is back to business as usual.

a reply to: ClovenSky

It's like blaming Cuba's condition on the US when every other nation in the world trades with it.

a reply to: proximo

I thought of posing the argument around just more money than anyone currently would be a good option, but I found it really hard to think of billion dollar objects. part of the reason the franchise costs that much is comparable to the inflation of the currency. one of the benefits of a personal cap would be a reduction in the effect of inflation similar to how congress pretends to care about the debt ceiling.

a reply to: ClovenSky

yeah same wtf

a reply to: andy06shake

I just don't think that a revolt and massive redistribution will solve anything, if we don't fix the problem beforehand. We will just go back to the same system and within 20 years, all of the wealth will be back in the same hands it is now.

I would like to believe there is a glimmer of a chance to fix some stuff before the reset so maybe we could try a new playbook in the aftermath. Something that would still guarantee personal freedom and the rewards for selling your soul in the pursuit of material gains. Something that would correct the imbalance through honor and nobility.

a reply to: toolgal462

Well, they say it begins at home, and yet 320,000 people in the UK are homeless or in temporary accommodation aka dosshouses, hostels or in the streets.

Apparently the charities are whats keeping the poor souls alive via foodbank contributions.

Not that i don't take your point with charities being scams for the elite all the same.

But first-world nation my arse.

originally posted by: idiotseverywhere
a reply to: ketsuko




there is a law in my state you cannot have like $50,000 cash because all that is realistic for is drug money. same concept, but scaled up

What State is that? I have gone in the past to retrieve $150,000 cash from a family members bank safe deposit box to pay for a bulldozer he wanted to purchase for his farm. Cash upfront allows one to negotiate better deals other for some illegal intent.

Edit add: though I am sure you are probably referring to any amount being withdrawn from an actual bank acct being referred to gov. If the non-billionaires can figure out how to pass this loophole so can the billionaires and those who actually have illegal intents.

a reply to: ketsuko

I know, I just wonder to what extent we have in the wealth creation and retention of other nations through our trade deals and our embargos. I have to imagine that is it pretty severe. Especially due to the fact that we control the world's reserve currency and we tend to get upset when soverign countries decide to trade or sell oil in non dollar terms.

originally posted by: Thecakeisalie
a reply to: idiotseverywhere

Here is the real problem, it has nothing to do with "commies" or socialism, it's about the individual.

Pyschopaths have been proven to make good CEO's because they only care about themselves, alo because they don't know how to spend money, they like the idea of having money.

for example; a high school kid gets a ferrari as a graduation gift, now this kid can't drive, so instead he uses it to "buy" friends. So the kid invites his new "friends" to see it and one asks 'can you drive it?' the kid is clueless.

The biggest problem is these tax scams. Apple abused Ireland's tax system, now the billions of billions of dollars they have earned paid under the IRS, hundreds of millions could be put towards building and repairing infrastructure, which would boost jobs, and make jobs.

Face it, billionaires are real life scrooge McDucks.

I call bullsh**, most self-starters at least have an idea a passion for whatever they are doing and keep running with it till they are making loads of money and hardly realize it. Nobody gave a crap about selling books online but Bezo..., he started Amazon in a little piss ant office in New York and everybody laughed nobody would buy books online.

originally posted by: proximo
a reply to: idiotseverywhere

If there was a cap it would need to be a lot more than 1 billion, it would need to be at least 20 billion, and it would need to adjust for inflation.

I don't think you realize there are things that legit cost billions of dollars to buy. For instance, an NFL franchise.

Instead of always trying to use the stick, the carrot is actually usually more effective.

For instance - if billionaires were given dollar for dollar tax deductions for money donated to charity - a lot more money would go to charity, which in most cases is more efficient than it going to the federal government.

Was it just proposing your earnings for 1 year are capped at a billion? I didn't interpret it to mean you can not have more than 1 billion in total wealth stored up.

a reply to: CynConcepts

I think some banks limit large cash withdrawals or at the very least alert authorities to large withdrawals because of the sketchiness of withdrawing such large amounts and making sure you are purchasing that tractor and paying the tax on it.

Something like that.

a reply to: ClovenSky

What do you mean beforehand, when has poverty and the uneven distribution of wealth and power not been an issue in all of recorded history?

If I'm honest i don't think a revolution would solve much ether, because one side is always apt to win, and essentially its the same side.

Not that i would not like to have a pop at such whilst i still have the legs to carry me. LoL

Put it this way mate nothing is free in this world, certainly not freedom, there is always a cost to be had.

Finding a happy medium is the ticket, but i don't know how to achieve that nether, as people are always going to want more than they require.