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originally posted by: InTheLight
originally posted by: annoyedpharmacist
originally posted by: InTheLight
a reply to: neoholographic
They can get the money from the ultra rich, and I believe them.
There is not enough money in the entire US economy to do what he is claiming........
He's not looking at the US's economy, he's looking at new ways to skim off the ultra rich - are you really saying he can't get 1.6 Trillion from the ultra rich of your country? Considering your country is the richest in the world, what percentage of the $250 Trillion do you think is sitting around there?
In total, the report estimates that global households have amassed $250 trillion (an amount equal to 100x JP Morgan’s assets).
fortune.com...
The top 10 richest Americans, according to the Forbes 400, are as follows… Bill Gates ($89.2 B) Jeff Bezos ($85.3B) Warren Buffett ($74.5 B) Mark Zuckerberg ($64.2 B) Larry Ellison ($56.1B) Michael Bloomberg ($50.8 B) Charles Koch ($47.6B) David Koch ($47.6B) Larry Page ($47B) Sergey Brin ($45.4 B) Their combined wealth totals $607.7 Billion. . .
. . .One must understand that more than 50% of these people’s wealth, in fact I would guess probably 75–90% of it, is an asset of some sort. Now, this asset may be pretty liquid, or it might not. For example, Warren Buffett (3rd richest person in America) owns Berkshire Hathaway. BH sells houses. These are assets, not tangible capital. Therefore, that house for sale actually makes up some of Warren’s net worth. . .
. . .Second, the repercussions of this massive movement of capital would mean products like Microsoft (Bill Gates), Amazon (Jeff Bezos), and Facebook (Mark Zuckerberg) would potentially be lost, as they would need to be sold in order for the billionaires to collect on their true net worth. This would undoubtedly make many people’s lives miserable, especially those who enjoy Facebook and Amazon, and even harm businesses that use products like Microsoft office. . .
originally posted by: neoholographic
It would mean the Government will have total control over every aspect of our lives from the cradle to the grave.
originally posted by: Soloprotocol
Works well in Scotland with a population of just under 5.5 million why not the supposedly richest nation Earth?.
Free education & healthcare is the least they should be providing to their submissive little peasants.