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kpete

(72,005 posts)
Mon Jan 16, 2012, 07:47 PM Jan 2012

Why Not Rob The Rich?

..............If 75% of the wealth of the richest one-tenth of 1% of American society were immediately expropriated, there would be no need to discuss cuts to spending that affects the well-being of the vast majority. This is a democracy, why isn’t this a major topic of public debate? Why aren’t the national media full of debates between defenders of the right of the Koch brothers to keep their billions and advocates for seizing the majority of their fortune to meet human needs?

http://www.3ammagazine.com/3am/leiter-reports/

18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Why Not Rob The Rich? (Original Post) kpete Jan 2012 OP
If you confiscate the ill-gotten gains of thieves, is it robbery? baldguy Jan 2012 #1
Why not? undergroundpanther Jan 2012 #2
What happens next year? TomClash Jan 2012 #3
If a significant undergroundpanther Jan 2012 #5
It doesn't answer the question TomClash Jan 2012 #10
Post removed Post removed Jan 2012 #11
Don't let the door hit you on the ass hifiguy Jan 2012 #12
What happens when the uber-rich have stolen all wealth they can Cal Carpenter Jan 2012 #8
Forward TomClash Jan 2012 #9
What happens next. PETRUS Jan 2012 #13
I'd go along with it. It's the right thing to do. BlueJazz Jan 2012 #4
Yep Agreed undergroundpanther Jan 2012 #6
I think we should simply tax the uber-wealthy out of existence. hunter Jan 2012 #7
All good ideas. AnotherMcIntosh Jan 2012 #15
Sounds like the thing to do. They've gone effing crazy, species-wise. byronius Jan 2012 #14
I'm for it. They've been robbing us for far too long. n/t Avalux Jan 2012 #16
Precisely Sherman A1 Jan 2012 #17
I am sure if you ask them nicely they will just give it back Angry Dragon Jan 2012 #18

undergroundpanther

(11,925 posts)
2. Why not?
Mon Jan 16, 2012, 08:25 PM
Jan 2012

People of that belief stealing from the rich is wrong always are misguided. That belief lets financial abuse go on unchecked,and the rich DO abuse and rob us everyday.They have no inner sense of others pain,so if you steal from the richest,abusing power,you are in fact just.Taking the weapon (money&power) away from the abusers that misuses it to make others suffer via theft reduces the big thieves ability to do harm. Most people wouldn't be quibbling about theft if it was stealing a weapon from a criminal,intent on using it to hurt someone.
So if some rich asshole CEO /corporation exploits people's misapplied morality via wealth& power it is morally correct to disarm them via theft.

TomClash

(11,344 posts)
3. What happens next year?
Mon Jan 16, 2012, 08:30 PM
Jan 2012

Presumably, there would be no further I'll gotten gains.

Rather short-sighted, much as I agree with sentiment.

undergroundpanther

(11,925 posts)
5. If a significant
Mon Jan 16, 2012, 08:50 PM
Jan 2012

amount of people just took it away, using every path to take it back the rich would not be able to fight an overwhelming amount of thieves coming from everywhere inside their corporations and everywhere else at once.
The cops can't catch a million faces acting in random.

TomClash

(11,344 posts)
10. It doesn't answer the question
Tue Jan 17, 2012, 09:36 AM
Jan 2012

Once you "take it back" you don't get to take it back again. It's gone. You have it. Now what do you do next year to cover your budget shortfall?

Response to undergroundpanther (Reply #5)

Cal Carpenter

(4,959 posts)
8. What happens when the uber-rich have stolen all wealth they can
Tue Jan 17, 2012, 12:38 AM
Jan 2012

off the backs of the working class through shrinking wages and benefits, tax cuts leading to cuts in vital public services, infrastructure, education, and so forth?

The uber-rich don't work for their wealth, they *steal* it. They make the rules of the workplace, they crush the bargaining workers, they effectively elect the leaders that codify and enforce those rules.

Your question is backwards, man.

What is happening now is not sustainable. Conditions for the majority of working people are getting worse while wealthier increase their holdings and power on a practically exponential scale.

Short-sighted? Yeah, the system we have now is pretty short-sighted. Wealth is accumulated based on a theory that assumes constant growth and 'progress'. Problem is, they are running out of resources, labor, and markets.

How much more can be stolen from people who have nothing? People who work their asses of and can't make ends meet while the super-rich play with their futures and bank off of dividends?

Backwards.

TomClash

(11,344 posts)
9. Forward
Tue Jan 17, 2012, 09:33 AM
Jan 2012

Actually, I am looking forward. I am asking what happens next year when you no longer have those profits to take. How do you cover your budget imbalance then? You need a new means to raise revenue.

PETRUS

(3,678 posts)
13. What happens next.
Tue Jan 17, 2012, 12:24 PM
Jan 2012

That's exactly the right question, but your framing is a little odd. Why are you worrying about future revenues? You seem to be suggesting that the money will then vanish and economic activity will come to a halt. Expropriating (and redistributing) wealth probably wouldn't do that. It's more likely to have a stimulative effect.

The real question is what changes need to be made to the legal structures that shape the economy in order to produce more desirable results - today we live with an unstable system that produces dramatic inequality (and inequality of opportunity, which is especially worrisome), and erodes democracy.

undergroundpanther

(11,925 posts)
6. Yep Agreed
Mon Jan 16, 2012, 08:53 PM
Jan 2012

One way to steal is to share,withhold your labor ,and there are many other ways besides those to take it back.Remember a few days after 9/11 Bush telling people to go out and SHOP? That is how WEAK and dependent these corporate thugs are on US.

hunter

(38,322 posts)
7. I think we should simply tax the uber-wealthy out of existence.
Mon Jan 16, 2012, 11:35 PM
Jan 2012

Yearly income greater than $1,000,000? Then tax everything over that at 90%.

Net worth greater than $100,000,000? Then tax that at 10%. In other words you have to sell it or give it away. Just like ordinary people do when they have to qualify for public assistance.

Everyone who has that kind of money has benefited greatly from publicly funded services. In an anarchy they wouldn't have enjoyed such success.

 

AnotherMcIntosh

(11,064 posts)
15. All good ideas.
Tue Jan 17, 2012, 03:45 PM
Jan 2012

And consider taxing all money transfers out of the country at 100% until poverty is under 8%, unemployment is under 3%, and the national debt is below 2% of its current amount.

Unconstitutional? No. See 26 USC 6672. Congress simply needs to adopt the concept for money transfers to foreign countries.

Unworkable? No. If someone wants to transfer $1,000,000 out of the country, let them come up with $2 million and pay $1 million to Uncle Sam. If they want to transfer a dollar, let them come up with $2 dollars.



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