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Mon Jan 16, 2012, 07:47 PM

Why Not Rob The Rich?

..............If 75% of the wealth of the richest one-tenth of 1% of American society were immediately expropriated, there would be no need to discuss cuts to spending that affects the well-being of the vast majority. This is a democracy, why isnít this a major topic of public debate? Why arenít the national media full of debates between defenders of the right of the Koch brothers to keep their billions and advocates for seizing the majority of their fortune to meet human needs?

http://www.3ammagazine.com/3am/leiter-reports/

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Arrow 18 replies Author Time Post
Reply Why Not Rob The Rich? (Original post)
kpete Jan 2012 OP
baldguy Jan 2012 #1
undergroundpanther Jan 2012 #2
TomClash Jan 2012 #3
undergroundpanther Jan 2012 #5
TomClash Jan 2012 #10
Post removed Jan 2012 #11
hifiguy Jan 2012 #12
Cal Carpenter Jan 2012 #8
TomClash Jan 2012 #9
PETRUS Jan 2012 #13
BlueJazz Jan 2012 #4
undergroundpanther Jan 2012 #6
hunter Jan 2012 #7
AnotherMcIntosh Jan 2012 #15
byronius Jan 2012 #14
Avalux Jan 2012 #16
Sherman A1 Jan 2012 #17
Angry Dragon Jan 2012 #18

Response to kpete (Original post)

Mon Jan 16, 2012, 08:10 PM

1. If you confiscate the ill-gotten gains of thieves, is it robbery?

 

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Response to kpete (Original post)

Mon Jan 16, 2012, 08:25 PM

2. Why not?

People of that belief stealing from the rich is wrong always are misguided. That belief lets financial abuse go on unchecked,and the rich DO abuse and rob us everyday.They have no inner sense of others pain,so if you steal from the richest,abusing power,you are in fact just.Taking the weapon (money&power) away from the abusers that misuses it to make others suffer via theft reduces the big thieves ability to do harm. Most people wouldn't be quibbling about theft if it was stealing a weapon from a criminal,intent on using it to hurt someone.
So if some rich asshole CEO /corporation exploits people's misapplied morality via wealth& power it is morally correct to disarm them via theft.

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Response to kpete (Original post)

Mon Jan 16, 2012, 08:30 PM

3. What happens next year?

Presumably, there would be no further I'll gotten gains.

Rather short-sighted, much as I agree with sentiment.

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Response to TomClash (Reply #3)

Mon Jan 16, 2012, 08:50 PM

5. If a significant

amount of people just took it away, using every path to take it back the rich would not be able to fight an overwhelming amount of thieves coming from everywhere inside their corporations and everywhere else at once.
The cops can't catch a million faces acting in random.

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Response to undergroundpanther (Reply #5)

Tue Jan 17, 2012, 09:36 AM

10. It doesn't answer the question

Once you "take it back" you don't get to take it back again. It's gone. You have it. Now what do you do next year to cover your budget shortfall?

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Response to undergroundpanther (Reply #5)


Response to Post removed (Reply #11)

Tue Jan 17, 2012, 10:58 AM

12. Don't let the door hit you on the ass

 

on the way out.

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Response to TomClash (Reply #3)

Tue Jan 17, 2012, 12:38 AM

8. What happens when the uber-rich have stolen all wealth they can

off the backs of the working class through shrinking wages and benefits, tax cuts leading to cuts in vital public services, infrastructure, education, and so forth?

The uber-rich don't work for their wealth, they *steal* it. They make the rules of the workplace, they crush the bargaining workers, they effectively elect the leaders that codify and enforce those rules.

Your question is backwards, man.

What is happening now is not sustainable. Conditions for the majority of working people are getting worse while wealthier increase their holdings and power on a practically exponential scale.

Short-sighted? Yeah, the system we have now is pretty short-sighted. Wealth is accumulated based on a theory that assumes constant growth and 'progress'. Problem is, they are running out of resources, labor, and markets.

How much more can be stolen from people who have nothing? People who work their asses of and can't make ends meet while the super-rich play with their futures and bank off of dividends?

Backwards.

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Response to Cal Carpenter (Reply #8)

Tue Jan 17, 2012, 09:33 AM

9. Forward

Actually, I am looking forward. I am asking what happens next year when you no longer have those profits to take. How do you cover your budget imbalance then? You need a new means to raise revenue.

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Response to TomClash (Reply #9)

Tue Jan 17, 2012, 12:24 PM

13. What happens next.

That's exactly the right question, but your framing is a little odd. Why are you worrying about future revenues? You seem to be suggesting that the money will then vanish and economic activity will come to a halt. Expropriating (and redistributing) wealth probably wouldn't do that. It's more likely to have a stimulative effect.

The real question is what changes need to be made to the legal structures that shape the economy in order to produce more desirable results - today we live with an unstable system that produces dramatic inequality (and inequality of opportunity, which is especially worrisome), and erodes democracy.

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Response to kpete (Original post)

Mon Jan 16, 2012, 08:48 PM

4. I'd go along with it. It's the right thing to do.

 

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Response to BlueJazz (Reply #4)

Mon Jan 16, 2012, 08:53 PM

6. Yep Agreed

One way to steal is to share,withhold your labor ,and there are many other ways besides those to take it back.Remember a few days after 9/11 Bush telling people to go out and SHOP? That is how WEAK and dependent these corporate thugs are on US.

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Response to kpete (Original post)

Mon Jan 16, 2012, 11:35 PM

7. I think we should simply tax the uber-wealthy out of existence.

Yearly income greater than $1,000,000? Then tax everything over that at 90%.

Net worth greater than $100,000,000? Then tax that at 10%. In other words you have to sell it or give it away. Just like ordinary people do when they have to qualify for public assistance.

Everyone who has that kind of money has benefited greatly from publicly funded services. In an anarchy they wouldn't have enjoyed such success.

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Response to hunter (Reply #7)

Tue Jan 17, 2012, 03:45 PM

15. All good ideas.

 

And consider taxing all money transfers out of the country at 100% until poverty is under 8%, unemployment is under 3%, and the national debt is below 2% of its current amount.

Unconstitutional? No. See 26 USC 6672. Congress simply needs to adopt the concept for money transfers to foreign countries.

Unworkable? No. If someone wants to transfer $1,000,000 out of the country, let them come up with $2 million and pay $1 million to Uncle Sam. If they want to transfer a dollar, let them come up with $2 dollars.



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Response to kpete (Original post)

Tue Jan 17, 2012, 12:28 PM

14. Sounds like the thing to do. They've gone effing crazy, species-wise.

Survival tactic.

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Response to kpete (Original post)

Tue Jan 17, 2012, 05:41 PM

16. I'm for it. They've been robbing us for far too long. n/t

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Response to Avalux (Reply #16)

Tue Jan 17, 2012, 06:24 PM

17. Precisely

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Response to kpete (Original post)

Tue Jan 17, 2012, 06:47 PM

18. I am sure if you ask them nicely they will just give it back

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