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National Wealth Ceiling (NRR)

RockadelicRockadelic Out Digging 13,993 Posts
edited July 2011 in Strut Central
Listening to local talk radio on the way to work this morning a professor was on proposing that we need a "wealth ceiling" that didn't allow any one individual to have more than $10 million in "total wealth". I'm not sure how he wants to measure 'total wealth" but I am curious to see if any of you folks think the concept of having a 'wealth ceiling" was a good one?
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  • barjesusbarjesus 872 Posts
    Rockadelic said:
    Listening to local talk radio on the way to work this morning a professor was on proposing that we need a "wealth ceiling" that didn't allow any one individual to have more than $10 million in "total wealth". I'm not sure how he wants to measure 'total wealth" but I am curious to see if any of you folks think the concept of having a 'wealth ceiling" was a good one?

    Yeah, that'll happen. However, as someone without $10+ million in wealth, I support this.
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    This isn't directed at you, Rock...but most importantly, we need a pompous, arrogant asshole ceiling.
  • DuderonomyDuderonomy Haut de la Garenne 7,784 Posts
    I think this would be a very good idea.

    But McCarthy would be spinning in his grave. Sounds like Communism, let alone Socialism. If something as reasonable as affordable health care has spawned a movement as rabid, ill-informed, and downright selfish as the Tea Party, what the hell would a wealth ceiling do? I think you'd have your civil war right there.
  • DB_CooperDB_Cooper Manhatin' 7,823 Posts
    It would be Christmas and New Year's all rolled into one for the Swiss and the Caymans. Like the wealthy don't already have enough incentives to hide their money.
  • PunditPundit 438 Posts
    http://www.irs.gov/businesses/small/article/0,,id=210249,00.html
  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    .
  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    I support a wealth ceiling in the form of an inheritance act.
    I also support an income ceiling in the form of an income tax.

    FDR, I heard, proposed a cap on income of $25,000.
    It was his idea to tax income over that amount at 100%.
    The amount that congress settled on was 93% over $25,000 (about $500,000 today.)

    I think a return to those kinds of tax rates is necessary to balance the budget.

    Disclaimer, I am also a socialist.
  • sabadabadasabadabada 5,966 Posts
    I think we should just start killing the poor people.
  • DB_CooperDB_Cooper Manhatin' 7,823 Posts
    sabadabada said:
    I think we should just start killing the poor people.

    But who will we hire to kill them?
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    sabadabada said:
    I think we should just start killing the poor people.

    Yes, we already know you think this.
  • Jonny_PaycheckJonny_Paycheck 17,825 Posts
    sabadabada said:
    I think we should just start killing the poor people.

    start?
  • sabadabadasabadabada 5,966 Posts
    The government can do it. Every year you show up and pay a living tax of $50,000 or you get discontinued, a la Solient Green. As less poor people put demands on the system, the tax could come down, until eventually there would be no poor people and no need for the tax.
  • sabadabadasabadabada 5,966 Posts
    Jonny_Paycheck said:
    sabadabada said:
    I think we should just start killing the poor people.

    start?

    zing!
  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    You would still need the tax to bailout the financial institutions.
  • DB_CooperDB_Cooper Manhatin' 7,823 Posts
    sabadabada said:
    The government can do it. Every year you show up and pay a living tax of $50,000 or you get discontinued, a la Solient Green. As less poor people put demands on the system, the tax could come down, until eventually there would be no poor people and no need for the tax.

    Man, that's your solution for everything???more government programs. Big Government Saba strikes again.
  • sabadabadasabadabada 5,966 Posts
    DB_Cooper said:
    sabadabada said:
    The government can do it. Every year you show up and pay a living tax of $50,000 or you get discontinued, a la Solient Green. As less poor people put demands on the system, the tax could come down, until eventually there would be no poor people and no need for the tax.

    Man, that's your solution for everything???more government programs. Big Government Saba strikes again.

    You're right. The government would probably just screw it up, and it would end up costing more to kill someone than to just let them keep sponging off the current system.
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    The poor tread water. The rich are the sponges, depleted the poors' ability to merely tread water.

    But hey, it's fun to pretend to be rich by playing apologist/cheerleader for their gluttony.
  • jdeezjdeez 638 Posts
    sabadabada said:
    The government can do it. Every year you show up and pay a living tax of $50,000 or you get discontinued, a la Solient Green. As FEWER poor people put demands on the system, the tax could come down, until eventually there would be no poor people and no need for the tax.

    there.
  • DORDOR Two Ron Toe 9,899 Posts
    HarveyCanal said:
    we need a pompous, arrogant asshole ceiling.

  • TheKindCromangTheKindCromang 1,463 Posts
    NAILED IT
    The Daily Show With Jon StewartMon - Thurs 11p / 10c
    World of Class Warfare - The Poor's Free Ride Is Over
    www.thedailyshow.com
    Daily Show Full EpisodesPolitical Humor & Satire BlogThe Daily Show on Facebook
  • HorseleechHorseleech 3,830 Posts
    DB_Cooper said:
    sabadabada said:
    I think we should just start killing the poor people.

    But who will we hire to kill them?

    Illegal aliens.
  • RockadelicRockadelic Out Digging 13,993 Posts
    HarveyCanal said:
    The poor tread water. The rich are the sponges, depleted the poors' ability to merely tread water.


    If the sponges soak up enough of the water it won't be deep enough to tread.
  • CinisterCeeCinisterCee 863 Posts
  • DrWuDrWu 4,021 Posts
    Rockadelic said:
    Listening to local talk radio on the way to work this morning a professor was on proposing that we need a "wealth ceiling" that didn't allow any one individual to have more than $10 million in "total wealth". I'm not sure how he wants to measure 'total wealth" but I am curious to see if any of you folks think the concept of having a 'wealth ceiling" was a good one?

    As someone with a little over $10mil in assets I find this abhorrent.
  • RockadelicRockadelic Out Digging 13,993 Posts
    DrWu said:
    Rockadelic said:
    Listening to local talk radio on the way to work this morning a professor was on proposing that we need a "wealth ceiling" that didn't allow any one individual to have more than $10 million in "total wealth". I'm not sure how he wants to measure 'total wealth" but I am curious to see if any of you folks think the concept of having a 'wealth ceiling" was a good one?

    As someone with a little over $10mil in assets I find this abhorrent.

    "Hey Cletus, it looks like we got us one of those there Lim-O-Zine Lib-Rals"

    b/w

    Can I borrow a few bucks?
  • Controller_7Controller_7 4,052 Posts
    Rockadelic said:
    DrWu said:
    Rockadelic said:
    Listening to local talk radio on the way to work this morning a professor was on proposing that we need a "wealth ceiling" that didn't allow any one individual to have more than $10 million in "total wealth". I'm not sure how he wants to measure 'total wealth" but I am curious to see if any of you folks think the concept of having a 'wealth ceiling" was a good one?

    As someone with a little over $10mil in assets I find this abhorrent.

    "Hey Cletus, it looks like we got us one of those there Lim-O-Zine Lib-Rals"

    b/w

    Can I borrow a few bucks?

    Serious. What the fuck are you doing on here. Shouldn't you have a person who goes online for you.

    "Jeffery. Read me some soulstrut. No no, not music, you all. The main forum you fool!"
  • RockadelicRockadelic Out Digging 13,993 Posts
    [Hey Cletus, it looks like we got us one of those there Lim-O-Zine Lib-Rals

    b/w

    Can I borrow a few bucks?

    Serious. What the fuck are you doing on here. Shouldn't you have a person who goes online for you.

    "Jeffery. Read me some soulstrut. No no, not music, you all. The main forum you fool!"
    Jeffreys are for the lowly 3-5 million dollar dudes.

    At $10 million you get a Geoffrey
  • 4YearGraduate4YearGraduate 2,945 Posts
    THANKS!

    --------------------
  • DrWuDrWu 4,021 Posts
    You guys sound poor.
  • ReynaldoReynaldo 6,054 Posts
    Terrible idea. Rich people would leave and tax revenue would plummet.
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