Day By Day

Sunday, March 13, 2011

Tax the rich? Eat the rich?

The cure to all of the US's fiscal ills according to the left is to "tax the rich". I agree that many of the rich could certainly afford to pay more in taxes but the cure according to fish is a flat tax so that the loopholes, which mostly only work for the rich, are gone.

Lately that idiot Michael Moore has been telling the US that there's plenty of money. I found this article quite interesting:
The United States of America has about 400 billionaires. Moore calls them “400 little Mubaraks.” About half of those have less than $2 billion each, and those with a net worth in the double-digit billions is an exclusive club of about 30.
The grand total of the combined net worth of every single one of America’s billionaires is roughly $1.3 trillion. It does indeed sound like a “ton of cash” until one considers that the 2011 deficit alone is $1.6 trillion. So, if the government were to simply confiscate the entire net worth of all of America’s billionaires, we’d still be $300 billion short of making up this year’s deficit.

1 comment:

August said...

Those billionaire statistics could come in handy. Thanks!