I got the idea for this thread after reading THIS thread- Billionaires voting with their dollars
If you havent seen this thread before, please check it out.
Surprise surprise, US billionaires are voting for Mitt Romney. At first glance, this seems to make sense as Romney is fairly wealthy himself, and will
be sure to look out for his(and similiar peoples) interests.
However, I am a Ron Paul fan, and consider myself to know a good amount about his outlook and Potential policies. One of my favorite stances of his is
Eliminating the US income tax and the IRS.
And this is why i was so confused about the extremely rich of our country not supporting ron paul. You would think that US billionaires would stand
the gain the most from not having an income tax and a slowly eroding dollar that hemorrages value from their savings. It seems like an obvious choice
to me, which i why this story has been nagging me since I read it.
Now, billionaires have their economic/financial cards in order. You dont get to the rank of billionaire unless you have a serious hand on your
finances(or unless your names zuckerberg). So i am sure US billionaires must have some financial reason behind boycotting Paul, as in theyve done the
numbers for what a supposed paul economy would look like vs say, a romney economy.
My own personal conclusion: US billionaires stand to gain more from our war-mongering foreign policy than they would stand to gain from a 0% income
Of course there may be other economic reasons behind their choosing, but this seems the most likely to me.
What other reason can you come up with ats? I would like to hear your thoughts.
edit on 12/24/2011 by VonDoomen because: (no reason
I like your theory and I'm sure that accounts for at least some of the billionaires but I think the majority of them fear an end to money in
politics. A Ron Paul administration would pave the way for movements like Dylan Ratigan's "Get Money Out" movements and spell the end of
corporations getting favored by way of lobbying.
Basically, Dr. Paul is a proponent for a fair capitalist market and a fair political playing field. This scares the crap out of most contemporary
capitalists and politicians.
I whole heartedly agree on this. They're scared. Their current way of making money, might just fall down the drain if Dr. Paul has his way. And it
should. We no longer have a fair economy. Nor, a fair political system. And the two go hand-in-hand
Dr. Paul wants to fix all that. It it scares the bejeezus out of them. Their nice little nest egg of corruption, just might dwindle when things become
legit around here.
Billionaires are happy with the current system. They know how the systems works and most importantly - they know how to work the system.
So, its not really a surprise that the would vote for people that keep the current status quo. After all, in the current status quo they basically
run the show. So, they vote for Romney, Obama or Perry. They are least likely to vote for someone that would really shake up the status quo like Mr.
Really, at their level they don't care too much about taxes as their are ways around that kind of irritant. They care most about keeping the current
systems in place that allowed them to become billionaires.
There really is no reason for billionaires to dislike Ron Paul. Of course the current status quo will change but most of it in their favor. It is not
like he will swoop in and clean out all of Congress, the Judiciary, the lobbyists, etc… The worst he will do to them is ending their ability to make
money from constant warfare (which is a good thing). He will end the income tax for them, slash their regulations, keep free-trade going, will not
punish them for past illegal activities, will not fix the commodities market, will end taxes on corporations, will not clamp down on their cheap
imported labor, and no matter what Ron Paul says the Federal Reserve is not going anywhere.
I am sure there are other things a Libertarian – leaning government run by Ron Paul would do that is not in their direct favor, but look at
everything else they are getting.
*This is not the ‘class warfare’ card either, I hate the idea of class warfare, I am just pointing out the obvious here.*
edit on 12/24/2011 by Misoir because: (no reason given)
I kind of thought like that at first, that billionaires should love Ron Paul since Ron wants to cut the corporate tax rates and reduce regulations but
then I thought about it some more, Ron's overall platform is there to help the lower and middle class prosper, close in the gap between poor and
wealthy and make the billionaires less rich.
As I stated in the linked thread.. the ultra wealthy are not usually concerned about making more money. They are more concerned with put people with
the same interest as theirs into office. Once you reach billionaire status, there's really not much else you can strive for .. you can already buy
anything and everything you could possibly want. Hence why so many billionaires, especially later in their life, just give huge chunks of their
Billionaires don't like Paul because Paul stands for the polar opposite of the type of society that they made their fortune in. Some may still be
ambitious, but most are concerned about social policy, hence why the vast majority of billionaires vote for Neoncons and Democrats. Both left leaning
economically, differing on social issues.
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