Should there be a wealth limit in this country?

[bettilimbroke999]

Honestly what is the point of having the 4 kids of Wal-Mart founder Sam Walton each worth over 20 billion (all in the top 11 richest in the country) make any more money? What is the point of a Bill Gates or Warren Buffet making any more money?

Its just rhetorical at this point isnt it, oh he made 5 billion this year hes up to 50 billion, boy oh boy if he had had to make due with only 45 billion he would've really had it rough

Does this country really just want the top 1% to accumulate all the wealth in the country for no reason whatsoever? I mean theres absolutely zero benefit to Bill Gates to make any more money, money couldnt possibly be a motivation for him anymore, I mean theres nothing he cant buy, making money is only a motivator if theres something you want to buy that you need more money to afford. Its an alien concept to the rest of us but to these ppl making more money is truly pointless

My solution is this, at a multi-billionaire's death his estate is taxed down to a billion dollars (still an absolute fortune), but to just have Bill Gates kids or Warren Buffets kids or the Walton kids well kids inherit the full fortune in stock and just sit on their ass making 100s of billions/trillions in the future off the monopolies their parents built is absurd

[Deuce]

It is hard work and dedication paying off. Limiting those that have strived for what they have worked hard for is mind numbing.

[Living The Dream]

Stupid thread

[bettilimbroke999]

Yes Im sure the kids of Sam Walton worked hard and dedicated themselves when they got their shares of stock worth billions

In any event the businessmen (while they were alive anyway) got paid off and paid off in spades, paid off like being able to rig a 100 million dollar lotto 500 times in a row but at some point continuing the unbelievable payment just becomes pointless

Duece with the 50 bucks in assets you have you cant even comprehend the thought of making more money being pointless but these people can

[bettilimbroke999]

Stupid thread

^^^
Stupid person

[Living The Dream]

Your an idiot for saying in a democracy we should think about limiting what someone should make... Go live in a dictatorship you idiot

[Deuce]

Yes Im sure the kids of Sam Walton worked hard and dedicated themselves when they got their shares of stock worth billions In any event the businessmen (while they were alive anyway) got paid off and paid off in spades, paid off like being able to rig a 100 million dollar lotto 500 times in a row but at some point continuing the unbelievable payment just becomes pointless Duece with the 50 bucks in assets you have you cant even comprehend the thought of making more money being pointless but these people can

At some point someone came up with an idea, they ran with it and made millions. Their family as beneficiaries accept the benefits. How hard is that to comprehend?

I take it you're an average Joe, make 30k a year and expect everyone to take care of you because you didn't come up with a plan to make the adequate cash flow you think you want and need? I can't even believe you think this way. Literal nonsense.

[bettilimbroke999]

Your an idiot for saying in a democracy we should think about limiting what someone should make... Go live in a dictatorship you idiot

This is a democracy huh, hard to tell when it takes a billion dollar corporate err umm "donation" to run for President and all the politicians are just the slimiest ***** that collected the most corporate bribes to put them in power

If this is a democracy, then democracy is a joke

This country is on the incredible decline economically, consolidating the entirety of wealth in the country to a few monopoly owners whilst the rest of the country work for around minimum wage is not my idea of a good economic plan, but Im glad you like it

[ttwarrior1]

holy shit wow, what a ******* post, maybe the best one i ever read

post more of this on news sites and call talk shows, good stuff

[bettilimbroke999]

At some point someone came up with an idea, they ran with it and made millions. Their family as beneficiaries accept the benefits. How hard is that to comprehend?

I take it you're an average Joe, make 30k a year and expect everyone to take care of you because you didn't come up with a plan to make the adequate cash flow you think you want and need? I can't even believe you think this way. Literal nonsense.

Millions are fine, 100s of billions is another thing, hence the term limit. Allowing individuals to own the entire country has nothing to do with rewarding hardwork and dedication. Giving all the wealth of the nation to a few good businessmen and creating a welfare state is not a reasonable reward for Sam Walton opening a chain of retail stores. It would however be a catalyst for revolution, in some ways I hope they do reward Sams kids all the wealth in the country just to be around when the other 300 million ppl eventually overrun their homes and eat them.

[Duff85]

I hear Cuba is nice at this time of year...

[bettilimbroke999]

I hear Cuba is nice at this time of year...

So if a few guys own monopolies that succeed enough to capture nearly the entire wealth of the country (top 1% already possess 2/3 of it so its not that far fetched to think their monopolies could get the other 1/3) you would just say well they dedicated themselves to being successful businessmen we should just become slaves to them and their heirs for the rest of eternity. Too bad they shipped all the high-paying jobs overseas where they could pay nothing to have them done and only left the minimum wage positions but oh well they need to be further rewarded for their hardwork and dedication as Deuce puts it.

With intelligence like yours I have no doubt this country is headed towards a bright economic future

[Glitch]

"would people take their business elsewhere to keep 19 billion dollars?"

thats what this thread should be called.

[Jimmy Proffett]

And the top 5% in this country pay more than 1/2 of the income tax, which is used for health care, housing, unemployment insurance, R&D, etc....

[andywend]

Honestly what is the point of having the 4 kids of Wal-Mart founder Sam Walton each worth over 20 billion (all in the top 11 richest in the country) make any more money? What is the point of a Bill Gates or Warren Buffet making any more money?

The Walton family and Bill Gates is responsible for the hiring of 1000's and 1000's of workers and also provide products that people want at a fair price.

You, on the other hand, can only sit and WHINE that the Walton's and Bill Gates/Warren Buffett have too much money and you don't have enough.

The United States of America would fall apart without the productivity of these people but would THRIVE if people like you did NOT exist.

Instead of being BITTER of other people's successes and trying to limit their wealth, why don't you get up off your ass and become a billionaire yourself?

Remember our founding forefathers NEVER HAD ANY INTENTION of allowing people like YOU to vote as they knew full well that people like you should have NO SAY in the voting process.

If you want more government control (which includes limiting the wealth that people can obtain) then move to a communist country that does what you want. There are plenty of choices for you to choose from and perhaps you can do the U.S. an even greater favor by taking a few MILLION people who think like you along for the ride.

The huge wealth amassed by the Walton's, Bill Gates, Warren Buffett, etc has no effect whatsoever on how much wealth you can obtain. They are NOT the problem, YOU ARE!!!!

[Mr KLC]

I'm with Andy on this one. There is a reason why the Walton family, and many other like them, are billionaires, and a reason why we are posting on a message board. Envy is a dangerous emotion, my friend. What I find alarming is that the OP trusts the government to do the right thing with all this money. There is a reason why these people have that money, and the government is dead broke.

[lemart5]

All 3 had a concept a product or business that people needed .Buffett=Insurance ,Gates = Computer software ,and Walton = Low price big box chain stores.Lol if you were rich I guarantee you would want more money.

[k13]

The United States of America would fall apart without the productivity of these people but would THRIVE if people like you did NOT exist.

Not true.

It would fall apart if every person was Bill Gates.

What productivity? Buffet produces something? He pays less taxes than the average person. You mean life would stop if these people died? World was fine before microsoft/lawyers/buffet/etc. and it would move on just fine without them again.

People just need to defend democracy/capitalism that's all.

No rich people without poor people, no poor people without rich people. That's how it works.

[k13]

I hear Cuba is nice at this time of year...

Surprisingly they seem less bitter and more happier than most North Americans.

[FourLengthsClear]

It's a bad idea in principle and would not work anyway.

Your government needs to spend less (a lot less) not tax more.

[DwightShrute]

bettilimbroke999, why do you care? it's none of your business whether someone decides to live in his Van by the ocean or if they decide to build a 100 billion dollar company.

[shooterman]

Nyet comrade!

[mnpickle]

I bet if you ask the majority of those making that kind of money, they would say they don't do it for the money, but for the thrill of innovation. The only people who do it for the money are those on wall street...

[d2bets]

"The property of this country is absolutely concentred in a very few hands, having revenues of from half a million of guineas a year downwards. These employ the flower of the country as servants, some of them having as many as 200 domestics, not laboring. They employ also a great number of manufacturers and tradesmen, and lastly the class of laboring husbandmen. But after all there comes the most numerous of all classes, that is, the poor who cannot find work. I asked myself what could be the reason so many should be permitted to beg who are willing to work, in a country where there is a very considerable proportion of uncultivated lands? These lands are undisturbed only for the sake of game. It should seem then that it must be because of the enormous wealth of the proprietors which places them above attention to the increase of their revenues by permitting these lands to be labored. I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind. The descent of property of every kind therefore to all the children, or to all the brothers and sisters, or other relations in equal degree, is a politic measure and a practicable one. Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions or property in geometrical progression as they rise. Whenever there are in any country uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on. If for the encouragement of industry we allow it to be appropriated, we must take care that other employment be provided to those excluded from the appropriation. If we do not, the fundamental right to labor the earth returns to the unemployed. It is too soon yet in our country to say that every man who cannot find employment, but who can find uncultivated land, shall be at liberty to cultivate it, paying a moderate rent. But it is not too soon to provide by every possible means that as few as possible shall be without a little portion of land. The small landholders are the most precious part of a state."

[wtt0315]

no these people worked for what they got they deserve it. All that would do is give more money to people who drop out of school at 16 who sits on their front porch smoke weed and try to figure out how to buy food stamps because their 4 babies daddies decided to go do something else. They need to stop giving money to people who have more kids. Your taxes should be limited to a refund up to 2 kids no more. We need to stop encourging the overpopulation of stupid people in this world.

[Frogger]

The bottom line is it doesn't matter if this is how it "should" be because this is impossible to do.

I know some Americans are still not aware of this but the USA is not the whole world.

I promise you some other country would be happy to invite billionaires to their country if any nation ever started to even think or pretend they would do this ever. Then the money would be transfered to that country & the dumb country that enacted this law or thought about it would miss out huge.

Bottom line is every socialist or communist idea that "sounds good" or maybe in some strange world may seem like a good idea, cannot work in reality in the real world.

[nosniboR11]

So if a few guys own monopolies that succeed enough to capture nearly the entire wealth of the country (top 1% already possess 2/3 of it so its not that far fetched to think their monopolies could get the other 1/3) you would just say well they dedicated themselves to being successful businessmen we should just become slaves to them and their heirs for the rest of eternity. Too bad they shipped all the high-paying jobs overseas where they could pay nothing to have them done and only left the minimum wage positions but oh well they need to be further rewarded for their hardwork and dedication as Deuce puts it. With intelligence like yours I have no doubt this country is headed towards a bright economic future

stop worrying about other people. you are insane , go get a tent and join your friends in the occupy idiots. You sir have lost your mind, wanting a handout huh.

COMMUNIST

[BAUS]

Terrible idea.

BAUS

[paranoyd androyd]

Honestly what is the point of having the 4 kids of Wal-Mart founder Sam Walton each worth over 20 billion (all in the top 11 richest in the country) make any more money? What is the point of a Bill Gates or Warren Buffet making any more money?

Its just rhetorical at this point isnt it, oh he made 5 billion this year hes up to 50 billion, boy oh boy if he had had to make due with only 45 billion he would've really had it rough

Does this country really just want the top 1% to accumulate all the wealth in the country for no reason whatsoever? I mean theres absolutely zero benefit to Bill Gates to make any more money, money couldnt possibly be a motivation for him anymore, I mean theres nothing he cant buy, making money is only a motivator if theres something you want to buy that you need more money to afford. Its an alien concept to the rest of us but to these ppl making more money is truly pointless

My solution is this, at a multi-billionaire's death his estate is taxed down to a billion dollars (still an absolute fortune), but to just have Bill Gates kids or Warren Buffets kids or the Walton kids well kids inherit the full fortune in stock and just sit on their ass making 100s of billions/trillions in the future off the monopolies their parents built is absurd

where would this tax revenue go - to the filthy fat pigs in washington to disperse 'as they see fit'?

[face]

did you know that gates is only giving a miniscule part of his fortune to his kids? he has spoken about this already. the rest is going to malaria research, his big passion. guy has saved millions already. just so you know. the guy is a saint actually, read about it.

[Sam Odom]

"From each according to his ability, to each according to his need..." - Karl Marx

[King Mayan]

The reason why the Walton family is rich is because they are greedy and un-American...They have killed plenty of mom and pop shops... Wal-mart is one the reasons why the American dream is dying.. Cheap shit made by slaves, delivered by cheap labor, made for some fatasses in disability so they can afford shit they don't need.

But they shouldn't be a wealth limit, the estate/death tax should be high tho.. why should some snotty silver spoon kid have enough money to buy politicians.

[neverstoppers23]

Are you kidding me? America is one of the leading countries in innovation. There is a reason why communist and socialist countries are not, it stops growth. And you for-ever live in mediocre

[milwaukee mike]

power and wealth concentrated in the hands of a few people is NOT a democracy

if we had a democracy then almost every current member of congress would be out (20% approval rate!) and our president would not be obama or romney or gingrich

please explain how guys approved by 20% continue to be re-elected if we really have a choice

[Turd Ferguson]

The Walton family and Bill Gates is responsible for the hiring of 1000's and 1000's of workers

Hey Andrew, how many of those thousands of Walmart workers are on Gov't programs because they don't get paid enough working full time to live above subsistence level?

And how many of their parents used to own the local bike shop or hardware store?