Skip to comments.Who Wants to be a Millionaire?
Posted on 10/10/2009 3:55:56 PM PDT by Graybeard58
Socialists will find much to be appalled by in this issue of FORBES. The combined net worth of our featured plutocrats comes to 2.4% of the country's total. Confiscate the loot and you'd have some real money to spread around.
Not that it will stop a committed redistributionist, but the chart of wealth here puts the lopsided results of the economy in a slightly different light. On the horizontal scale we have Bill Gates on the left. People with $50 billion on hand are scarce. Lower the bar to $1 billion, though, and rich people are a dime a dozen. As the measured wealth trails off (exponentially, on this scale), the population density shoots up (also exponentially).
What would the curve look like if it kept going? Matthew Miller and his rich list crew stopped counting with Sam Wyly, Number 400 with $950 million. But a recent Capgemini/Merrill Lynch survey provides two more data points. These experts say there are 30,600 Americans with $30 million or more of assets, not counting homes and collectibles. At the $1 million level for investable assets the population explodes to 2.5 million.
The Capgemini research confirms what is merely suggested by our own wealth chart: This country has an extraordinarily large upper middle class. Right behind them is a still larger crowd of people aspiring to millionairedom. They are all creating prosperity with their efforts.
The wealth population curve says something very significant about capitalism, which is that its benefits are pretty widely dispersed. Contrast this with what you get in feudal societies (England a few centuries ago, Saudi Arabia today), whose wealth curves would look very different: a tiny population of lucky stiffs at one end, a great mass of poor families at the other, and not much of an aspiring middle class
(Excerpt) Read more at forbes.com ...
“... a tiny population of lucky stiffs at one end, a great mass of poor families at the other, and not much of an aspiring middle class.”
Obama’s and the dem’s goal.
There there,30,000 at 30 million is about 1 trillion. I suppose this is the kind of calculus Congress and Obama have in mind, along with their entourage of terrorists who never disliked one of them comiting suicide from the burning WTC.
Now, all libs can do is, say, promise to keep their neighborhood clean and green, and, voila, they have a worshipable leader who is a commi inside.
This stuff is for real but the worship and the msm keeps chugging along, just like the denial about Aushwitz.
Confiscate all the assets of these people with a 100% asset tax and it still would not result in a balanced budget this year. And, of course, you can only do this once...
We are so screwed by the out of control spending that future generations will wonder how it happened.
Do you think when Obama talked about spreading the wealth around he meant theirs??
And, of course, you can only do this once...
But still it would make the lefties feel good about getting back at those nasty, nasty rich people. Of course the party elites would be exempt.
Just think - there are millionaires in Cuba with offshore accounts. All animals are equal, but some are more equal than others.
WELL RAISE TAXES ON ALL PEOPLE EARNING MORE THAN $250,000 A YEAR AND WHO WERE REGISTERED AS DEMOCRATS YESTERDAY.