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JDPriestly

(57,936 posts)
25. True, but making their money work for everyone could
Tue Apr 14, 2015, 07:03 PM
Apr 2015

create greater wealth for all.

For example, if the children of the poorest of the poor in American could walk away from college with the same education debt as the son or daughter of one of the people on that list, we would have made some progress. The child of the poorest of the poor might be able to save some of the money he/she made after graduation and, who knows, start a family or a business.

So it isn't a matter of stealing from the rich. It is a matter of ensuring opportunity for all and using money that may now be filling the pockets of the already rich to rebuild our commons, fund free tuition at our state colleges and universities for qualified students, for example. That would make life better for all concerned. Who knows what great ideas are never explored and never become reality because the person blessed with the ideas is saddled with student loans and other barriers to his developing his/her ideas?

Other countries, European countries, provide more equal opportunity than we do. They tax wealth and distribute it. They don't steal. They invest that wealth.

Who said that a person should be able to pocket all the money earned, say, from oil and gas leases? Alaska, for example, charges high taxes on companies that exploit the oil in its state. All states should do that. And with the money, they should fund free college tuition for their students.

Why do the Kochs get more money than say, a classroom teacher? Because they grab more money. That's why.

It isn't because they are smarter or work harder. They inherited some wealth. They were smart enough and worked hard enough to increase that wealth. But they did not work hard enough and were not smart enough to justify the extent to which their wealth exceeds that of many other people. No one is that smart or works that hard.

No one. I used to work 60-70 hours a week at times. I remember pulling a 72-hour shift believe it or not. Did that make me as wealthy as the Kochs? No. It's not how hard you work that makes you wealthy. It's how hard you grab money that makes you wealthy. It's how little you pay your employees, how willing you are to exploit others that puts you in the category of wealth that those 80 people are in.

Wealth can be a good thing, but when you get into the wealth bracket those 80 are in, your money should be subject to high tax rates and no loopholes.

Recommendations

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Hillary Clinton will totally change this dynamic. NYC_SKP Apr 2015 #1
haha! marym625 Apr 2015 #2
When she chooses Goldman-Sachs as her vp running mate the truth rhett o rick Apr 2015 #8
can we hook her up with onethatcares Apr 2015 #14
A week in Willie's bong on wheels might just do it. nm rhett o rick Apr 2015 #31
LOL ... and everything. n/t JimDandy Apr 2015 #19
Good one! MissDeeds Apr 2015 #22
8 of the top 10 are American marym625 Apr 2015 #3
Most are RW, good thing that their money can't buy political campaigns, right? NYC_SKP Apr 2015 #4
absolutely with you! marym625 Apr 2015 #5
And quite a few were born into the list. arcane1 Apr 2015 #7
First time using this emoticon marym625 Apr 2015 #33
The Top Twenty Auggie Apr 2015 #30
Just want to cry marym625 Apr 2015 #32
What is really sad, if you took every penny from those 80 billionaires, you'd only have $634.33 to Hoyt Apr 2015 #6
"taking every penny" angrychair Apr 2015 #13
Problem is,, if we took all that money, it wouldn't solve many problems. Hoyt Apr 2015 #35
Taking from the Rich takes away their POWER Demeter Apr 2015 #20
True, but making their money work for everyone could JDPriestly Apr 2015 #25
Don't disagree.. My point is that taking all that wealth won't do much for the masses. Hoyt Apr 2015 #34
But they are the job creators! progressoid Apr 2015 #9
greed creates need olddots Apr 2015 #10
+1 appalachiablue Apr 2015 #28
K & R !!! WillyT Apr 2015 #11
Let's start with the Kochs and the Waltons: hifiguy Apr 2015 #12
What are... 3catwoman3 Apr 2015 #15
Natural resources KamaAina Apr 2015 #16
Thanks. 3catwoman3 Apr 2015 #17
I'm no fan of Bill Gates... camelfan Apr 2015 #18
Look closer at what they do Demeter Apr 2015 #21
K&R MissDeeds Apr 2015 #23
And for them...still nowhere near enough! durablend Apr 2015 #24
Hillary Clinton is not zentrum Apr 2015 #26
two thoughts a. cant wait for the day when you can post this story and NOT have endless attacks NoJusticeNoPeace Apr 2015 #27
K & R. It's obscene, and the age old issue of mankind though it changed here for a while - appalachiablue Apr 2015 #29
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