What would happen if we killed off the greedy rich as the left wants?

Jake92 wrote:It's very easy to get a preview of it..  Just drive to DC and get on the beltway.  There is trash blowing all over along with everything from blown tires to old furniture and appliances, and an occasional old car carcass along the side of the interstate.  The weeds and bushes are so high they cover the exit signs on the side of the road..  I've never seen so much trash and garbage on the side of any road, even the road going to the land fill off of 9 Mile Rd..  Thank you DC politicians and ??workers??..

Jake92 wrote:I was answering your question of "So what would a country look like if the lefties got everything they wanted."

colaguy wrote:I once took an economics course in college. The prof said that if we confiscated all the income and wealth of the top 1%, the federal govt would be able to run for only a handful of weeks. This was years ago, when the cost of running the govt was less than it is today. He added that, after taking all the top 1% money, there would be damage to many others, since these top 1% are the owners of businesses, entrpreneurs, who employ many of the workforce. So, many of those in the workforce would lose their jobs after the rich guys were wiped out. The point he was trying to make was that the majority of federal revenue comes from the vast middle class. Taking away the combined fortunes of the wealthy could  not sustain our govt for very long.

2seaoat wrote:How about something really radical......return the tax rates to the same that Ronald Reagan had.......you know that marxist who approved and pushed for immigration reform.   Simple return to tax rates which were fair, where we paid our bills, and our economy grew.

2seaoat wrote:split the difference, but the capital gains were not down to 15% and the estate tax was not basically zero.......the estate tax exclusions have become obscene.  We fought King George and the monarchy, yet wealth passes like we lived in a new monarchy.

Jake92 wrote:Lets just throw out the entire income tax and go with a national sales tax of 15%..  Make it 20% with the extra 5% going to nothing but the national debt..  Imagine what it would be like if the non working giveaway sucking people actually paid something back every time they bought new jewelry, electronics, and clothes..

2seaoat wrote:Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.

So that is your intelligent answer as to why currency floats in a world market.......did you pass on taking economics in your education? Did you ever learn what the balance of trade does to a currency independent of any government policy which does not control an international free market. When a country loses 50k factories and spends close to 900 billion on foreign oil the balance of trade causes a currency to lose value...comparative advantage is dynamic....however, when that currency hits a certain level, that nation's exports become cheaper and more foreign currency flows into the nation and the currency firms up. When new energy sources are found and oil imports are lessened, the currency firms up....all of these things have little to do with political ideology and much more to do with economics 101, but that course would have to be taken by somebody living in the bubble of political dogma where truth and science cannot pierce the bubble.

Jake92 wrote:Lets just throw out the entire income tax and go with a national sales tax of 15%..  Make it 20% with the extra 5% going to nothing but the national debt..  Imagine what it would be like if the non working giveaway sucking people actually paid something back every time they bought new jewelry, electronics, and clothes..

Jake92 wrote:Lets just throw out the entire income tax and go with a national sales tax of 15%

Chrissy wrote:Isnt that the idea behind many of the lefts positions? Give more to non producers. The poor and down trodden. They paint this picture that THEY are the saviors of the poor, the keepers of all "fair and just".

So what would a country look like if the lefties got everything they wanted.

I want to know this vision. I am asking all you lefties to describe to me what your vision is of this. Do not post some long copy and paste from someone else's mind. please use your own vision of this utopia that you seek to place upon all the rest of us.

Bob wrote:

Jake92 wrote:Lets just throw out the entire income tax and go with a national sales tax of 15%

That would greatly benefit me personally.  I buy 90% of everything I own second hand which has no tax on it.