Wednesday, November 28, 2012

Stupid Liberals

According to Forbes, if you took the wealth of the richest 400 Americans and combined it, you would have $1.37 trillion.  Assuming you could seize and liquidate that wealth at 100% rate of return and deposit it with the US Treasury, you would only cover spending for 4.5 months at current levels.

Now, some things to consider:
1) Wealth is not income.  So, you would have to liquidate a great deal of property and investments.  Take Warren "Asshole" Buffett.  His wealth is tied up in Berkshire Hathaway, and the day you start liquidating his investments in Berkshire, the value of the investment will begin to decline (along with everyone else's investment), as the market responds to the influx of sell orders.  So a 100% rate of return -- assuming there are buyers -- is a nigh impossibility.

2) Four and a half months is squat.  Pathetic, isn't it.

3) Most of the 400 richest Americans are "wealthy" because of accumulated wealth, not simple earned income.  That is why Warren and Mitt pay those "low" tax rates, because they take their income as a capital gain on an investment, not as standard income.  And you cannot combat accumulated wealth through tax policy.  Every time you do, it is a disaster.  Ask FDR, who did it by trying to seize gold.

Such schemes are the product of idiot liberals, who want government's hands off their birth control and their love for killing unborn children, and on our wallets instead.

Stupid liberals.

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