Time for a mass redistribution of wealth

LewsTherinThelamon
Actually, our businesses left the US because of taxation and government interference.
More taxes would only make the problem worse.

Yeah they're blackmailing the government.
Its the same game that Walmart plays with small towns. They come in and tell the town that they will open a store up but the town has to agree to no taxes and to pay their expenses through tax credits, or they will open over in the next town and put all their other businesses out of business.

If we had a smart government who actually stood up for the people we'd tell them to go head and go to another country, but the minute that >50% of their assets are off-shore they are a foreign company and will pay HUGE teriffs to do business here. If our government was not in these guys pockets up to their shoulders they would play hard-ball right back at them.

These guys aren't hurting for money, they are posting record profits. But hey, if crying poor gets you more stuff for free, fewer rules and regulations, lower taxes, of course they are going to.

either Medicare nor Social Security can sustain projected long-run programs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers. If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits

Social Security’s total expenditures have exceeded non-interest income of its combined trust funds since 2010, and the Trustees estimate that Social Security cost will exceed non-interest income throughout the 75-year projection period. The deficit of non-interest income relative to cost was about $49 billion in 2010, $45 billion in 2011, and $55 billion in 2012. The Trustees project that this cash-flow deficit will average about $75 billion between 2013 and 2018 before rising steeply as income growth slows to the sustainable trend rate after the economic recovery is complete

www.ssa.gov...

The Social Security Administration must be spreading 'false' information.

reply to post by neo96

No again, the money would be there if the government hadn't spent it.
Yeah, the 25% of people out there contributing at the moment cannot support the 75% baby boomers who are retiring. But hey, lets deny them their 12 years of retirement after a lifetime of hard work so that we can service a bunch of rich kiddies trust funds that are all tied up in interest bearing US treasury bonds...

You know what's even more funny.
All these elites talking about how they “worked so hard for their money”. Yeah, most of them inherited their wealth, they wouldn't know a real days work if it hit them in the ass. Just a good example, like 6 or 8 of the wealthiest 85 people are all Walton’s, they didn't work for any of that, it was handed to them by daddy Walton after he died.

But you go on ahead and start kicking those retirees out of their wheelchairs and retirement homes Neo...
Now, I really am done with this...

zeroBelief

Oh, and the real slap in the face? The company is BASED outside of the US...but guess where the bulk majority of the work takes place...GOOD OL' USA.

And I will bet that the product or service they offer also requires US BUYERS.
If the US Economy went belly up, not only would many of America's rich suffer, but so would many other countries rich.
But they will continue to squeeze the little guys that have no power with politicians.

reply to post by defcon5

No again, the money would be there if the government hadn't spent it. Yeah, the 25% of people out there contributing at the moment cannot support the 75% baby boomers who are retiring

Wait ?

Spreading false information now ?

Because that is what I have been saying all along.

That is what I find funny.

spiritualzombie

They have tipped the scales too far. It's obvious to any reasonable person. This psychosis of greed may even destroy the world if it's allowed. I am convinced at this point that the "free market" championed by these mentally ill people is nothing more than an enabler to their addiction.

Define "reasonable person" - as you see it - because that doesn't sound all that reasonable to me. "Psychosis"? "Mentally ill people"? There were a few other megalomaniacs in the twentieth century who redefined "mental illness" to further their political agenda. In the end - and there WAS and end to their reigns of terror - it didn't work out all that well for them.

Time for a massive change. I vote for a mass redistribution of wealth.

I vote for keeping your furry mitts off of other folks' stuff. I don't have any "wealth" as you apparently measure it, but I'm happy with what I have. God help anyone who tries to "redistribute" it. I want no part of your greed-based "redistribution of wealth" - and it IS greed based, no matter what color of lipstick you try to put on it. Wanting what other folks have, wanting to take THEIRS without having to put in the sweat to get your own, is the very basis, the very definition of greed.

I want no part of such a system - and I sure as heck want no part of receiving stolen property.

SO - when we get "greed" redefined as a mental illness pursuant to your political goals, which gulag are YOU going to be interned in? Your greed is no less, and no more, a "mental illness" than "theirs" is. That means when you declare THEM as mentally ill because of the new mental illness of greed, you leave YOURSELF wide open for a one-way trip to the gulags.

Be careful what you wish for, lest you get it.

defcon5

Why was the stock market so high before 2008?
Maybe because all the “baby boomers” money was in there in 401K's.
So what did the wealthy do? They robbed that money out of the market before the “baby boomers” could draw it out to retire on it. The funny thing is that I KNEW this was going to happen back in the 90's, which is why I NEVER got into the 401K program. It was so obvious to me that you were giving the elites a chance to steal your retirement money that it was almost laughable.

You hit the nail on the head defcon.

I figured this out awhile back as well and is also why I refuse to have a 401K.
What they do is get you start a 401K and some will even match it, especially when the head CEO has thousands of stocks in the market. It benefits him and the elite class above them.
They want to keep you in the casino game so they tell you that you will be penalized if you pull your money out early.
We have had a stock market pump and dump about every 30 years on average which effects every 401K holder at least once it's lifetime. How well did you really fare when you loose money from inflation and pump and dump schemes over the lifetime of your 401K?

60% of American's have a 401K, yet the most wealthy in this country are the top .5% thanks to Wall Street Investments, WITH Others peoples money. Hence, Glass Steagal.

www2.ucsc.edu...

The Upper Half of the Top 1%

Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare. Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%. They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.

The math does not compute where the most wealthy .5% are there because of Wall Street and yet 60% of American's hold a 401K.

If that 60% pulled their 401K, the top .5% would collapse.

spiritualzombie
I suppose you have to have a good head on your shoulders and a solid understanding of right and wrong and the betterment of mankind to answer those questions.

You do not get to determine "right and wrong" for others. What makes your definition of right and wrong superior to anyone else's? Those same guys from the twentieth century I mentioned before thought THEY could determine right and wrong for others, too...

Eff humanity.

The solution needs to be one that benefits society as a whole.

Eff "society as a whole. Eff collectives in general. Saying that is the same as saying "eff mob rule".

But the support should be in finding ways to pull more money from the wealthy,

Gunpoint works well for most thieves.

while EDUCATING THE WORLD on the dangers of greed.

Ah! Now we are adding "Reeducation camps" to the redefinition of mental illness for political gain. I'm starting to notice a pattern here...

We should identify greed as an addiction or mental illness and not applaud it but ask "What's wrong with you? Why are you holding onto this all for yourself? Did you rise to such heights all for yourself?" This is a mental problem. It's extremely dangerous.

Classifying greed as a serious mental illness or addiction is another important step I feel. And every religious person should be onboard with that. I would say anyone who is stockpiling cash in mass amounts living in extravagant excess, and not putting the majority of their winnings back into the system for the betterment of mankind should have to face their problem.

Still hammering on about redefining mental illness to suit your political agenda, I see... perhaps we can have a major in "The New Politically Correct Mental Illness Regimen" in those handy reeducation camps, eh?

I am fairly religious, which is why I can never be on-board with outright theft.

Eff mankind if this is what they are about. Again. From a "Religious" standpoint, in the days of Noah, this was also what mankind was all about. It appears from the tale that God said "Eff mankind if this is what they are about" too.

I have not read the reposts.
I have read the O.P.

One of the stupidest things I have ever heard:
Has just been repeated.

No, and No

If you want 'wealth' go 'earn' it.

expecting it to be given to you is what is bringing this country to ruin
and soon from the sounds of it

X

spiritualzombie

That would just create a new set of hillbilly overlords.

That terminology is offensive.

There ARE no "hillbilly overlords".

All while educating the public on the dangers of greed.

I have no need nor desire to be indoctrinated in your reeducation camps. As a bona-fide member of that hated "hillbilly" class, I don't care to be "reconstructed", either.

Is this the sort of "Equality" we could expect in your Brave New World - to plaster your fellow man with derogatory terms?

I'll tell you what - steal from whomever you want, but keep your collectivist mobs out of my hills.

neo96
Wait ?
Spreading false information now ?
Because that is what I have been saying all along.
That is what I find funny.

That is not what I quoted you as stating incorrectly. In fact it was about you quoting the entire US deficit to “entitlements” and lumping SS in with “Welfare”.

With that said, you cannot just randomly deny people benefits they paid for because misappropriation of funds lead to there not being enough in the pot overall to cover them for everyone. How are you going to choose who gets it, and who doesn't, as they all paid into it fairly. Each person contributed enough over their life, and are all entitled to the amount they receive at the end. We're just going to have to go into debt to cover the difference, there is nothing else that can be done about it. However, the elites laying off, paying low wages, etc... only adds to the problem as there are fewer who can contribute to shouldering the cost. IMHO, they are making their mess, let them sit in it. Of course they are also the ones doing all the whining about it now.

reply to post by nenothtu


My definition of reasonable would be looking at a system where CLEARLY people with money are controlling the government, where CLEARLY laws are written to benefit only the super wealthy, where CLEARLY these people have so much money and power, that they will bring an entire country to its knees if they don't get their tax cuts.

Wake up and smell the corruption.

It's so obvious, you have to be willfully ignorant not to see it.

Corporations are people! Cash is free speech! Unlimited free speech! Does that not smell of horse manure to you? Wake the F up.

Use some GD sense.

My motives have nothing to do with greed, and everything to do with tearing down that colossal tower of corruption. I'm talking about FREEING the U.S. from the greedy corrupt insanely wealthy who think they can buy this country and even BUY its patriots with a little patriotic news show-- I'm talking about righting a wrong. They are taking away opportunity, not just in the financial world, but ALL of it.

I suspect one day the only free speech left will be the money kind!

I say redistribute that wealth as soon as possible- find a way- give me something to vote YES on-- because I still give a damn about the country, and I'm not going to support these greedy criminal corrupt few that think they can buy their way to the top and then manipulate the code to their liking-- and destroy everything that generations of people died for.

reply to post by defcon5

That is not what I quoted you as stating incorrectly. In fact it was about you quoting the entire US deficit to “entitlements” and lumping SS in with “Welfare”.

Entire ?

I said entire ?

Believe I said is the leading cause of debt.

With that said, you cannot just randomly deny people benefits they paid for because misappropriation of funds lead to there not being enough in the pot overall to cover them for everyone.

Government does what it wants to always has.

Fleming vs Nestor, and Helvring V Davis.

The government encourages that belief by referring to Social Security taxes as “contributions,” as in the Federal Insurance Contribution Act. However, in the 1960 case of Fleming v. Nestor, the U.S. Supreme Court ruled that workers have no legally binding contractual rights to their Social Security benefits, and that those benefits can be cut or even eliminated at any time.

Is there a right to social security

Social Security is not an insurance program at all. It is simply a payroll tax on one side and a welfare program on the other. Your Social Security benefits are always subject to the whim of 535 politicians in Washington.

SCOTUS.

So precidents DO exist.

Money is just paper.

The real object of power is control of human ideas and labour.

It isn't a fight for what is in your pocketbook, It is a fight for what your mind believes.

Vortiki
Money is just paper.

The real object of power is control of human ideas and labour.

It isn't a fight for what is in your pocketbook, It is a fight for what your mind believes.

Yes and no. Money is the mechanism by which such control is accessed. And all money systems promote psychopaths, being the ones who will do everything and anything to gain and keep that power over us.

spiritualzombie
reply to post by nenothtu

 

My definition of reasonable would be looking at a system where CLEARLY people with money are controlling the government, where CLEARLY laws are written to benefit only the super wealthy, where CLEARLY these people have so much money and power, that they will bring an entire country to its knees if they don't get their tax cuts.

They might bring YOUR world to it's knees, but they won't bring MINE down. Why do you worry so much about "their" power to the point that you fail to exercise your own?

Wake up and smell the corruption.

You sniff at the dead if that floats your boat - I prefer to hang out with the living.

It's so obvious, you have to be willfully ignorant not to see it.

There is a difference between not seeing something, and not caring about it. You may chase dollars all you please - I have other things to pursue.

Corporations are people! Cash is free speech! Unlimited free speech! Does that not smell of horse manure to you? Wake the F up.

One of the biggest smoke screens I've ever seen. If you don't like the speech which that money buys, then don't buy into it. Pretty simple, really. If their money can buy your opinion, then that opinion is not worth having to begin with.

Use some GD sense.

What a terribly impolite way of saying "you need to get your head right, and it's not right until you think like me". It works well with that whole reeducation camp and gulag mentality, I suppose.

My motives have nothing to do with greed, and everything to do with tearing down that colossal tower of corruption.

I have no trouble with whatever you need to tell yourself so you can sleep at night. Keep telling yourself that. I don't know what they call a jealous need to take from others to get "wealth" for yourself where you're from, but whatever it is, I'm sure it's a really pretty term so that you all can feel good about it.

I'm talking about FREEING the U.S. from the greedy corrupt insanely wealthy who think they can buy this country and even BUY its patriots with a little patriotic news show-- I'm talking about righting a wrong. They are taking away opportunity, not just in the financial world, but ALL of it.

I'm already free from them. Why are you lagging behind? Could it be that insane need for "wealth"?

I suspect one day the only free speech left will be the money kind!

Why? Do you expect to be duct-taped across the mouth or something? Should we curtail YOUR speech as well when you get that pile of wealth you're chasing?

I say redistribute that wealth as soon as possible- find a way- give me something to vote YES on-- because I still give a damn about the country, and I'm not going to support these greedy criminal corrupt few that think they can buy their way to the top and then manipulate the code to their liking-- and destroy everything that generations of people died for.

Spoken like a true "patriot". How many of those people have you watched die with your own eyes?

Not as many as I have, I'll bet.

They died for freedom - not so you could steal from fatcats and become your own fatcat.

You cheapen those deaths by putting a price on them.

That offends me, too. Good thing I donated blood so you have the right to do so, isn't it? Carry on then, young Sir. offend away. 'Tis your very right to do so.

onequestion
reply to post by neo96

 

Are you that blind that you cant see that a small percentage of people hoarding all of this nations wealth isnt a problem?

If they dont spend the money they have then it doesnt circulate.

Holy crap you guys dont want to admit that there is a handful of MEGA wealthy greedy people causing a lot of real serious world problems.

Who fed their greed? Who gave them that money?

WHY did you do it?

YOU made them... why don't YOU break them now?

Is it really so much easier to whine about the beast than it is to simply starve it?

ketsuko
Who takes it? Who distributes it? At what point is an amount deemed to be greedy? What if a person with that amount started with nothing and earned it honestly? Who gets it? What if the person getting it has made a ruin of their life?

What happens when 6 months down the road, the rich are rich again and many of the poor are poor again?

The double or nothing "lightning round!"

jacobe001

zeroBelief

Oh, and the real slap in the face? The company is BASED outside of the US...but guess where the bulk majority of the work takes place...GOOD OL' USA.

And I will bet that the product or service they offer also requires US BUYERS.
If the US Economy went belly up, not only would many of America's rich suffer, but so would many other countries rich.
But they will continue to squeeze the little guys that have no power with politicians.

All I am going to say is that if the company I worked for went belly up, the international scene would be impacted, not JUST the US. And, another would step into our place as soon as it happened.

And, this entire article is about the little guy getting screwed to begin with. So, nothing new there.

reply to post by spiritualzombie

Well you have Obama who is pretty much for that to happen and you have the Pope whose rhetoric support this, what does this tell you ? two of the most powerful people no matter what you might think calling for this to happen at some level.

But I also heard the founder of the world economic forum say it's time to push the reset button on the economy, people need to wake up to the reality that this is the direction where things are headed like or not, now, all it will take is a nice convenient World War and we will be there, now we all know that everyone will not participate, the very rich and Elite will keep their money for sure, but there will be some plan hatched up give everyone a monthly income of around 2500.00 per month as a theoretical, you will also get a house, a dog and pet goldfish, everyone will have to wear Red, White or Blue on predetermined days, you will also be required to house one homeless person in your basement, spare closet or room, until their brand new homes can be built, anyhow just kidding, but can you imagine the extremes ?