I disagree with this statement. Being rich is not a crime that should be punishable by having it taken away. However, on the other hand, rich people don't pay their fair share of taxes and corporations either. (Corporations are considered tax entities under law, like they are people) So, it comes down to your suggestion. Who decides where the money should go? That's not going to end up well.
What needs to happen is that these people need to pay their fair share of taxes.
As a sidebar, most of the money in the world is held by only a few people. The world's richest 1% of people own 40% of all wealth, and on the other end of the spectrum; 50% of world's adults own just 1% of the wealth. The rich are getting richer and the poor are getting poorer at the expense of the middle class. Notice this fact:
The top ten percent of the U.S. population owns 81.8 percent of the real estate, 81.2 percent of the stock, and 88 percent of the bonds. (Federal Reserve Bank data in Left Business Observer, No. 72, Apr. 3, 1996, p. 5).
People getting paid 5 billion dollars for making bad decisions is not the answer. I would love to be able to bet against the US economy and make that kind of money, but I have a conscience.
These people are using the infrastructure paid for by all of us, getting rich and then not paying taxes by way of loopholes. Something needs to be done. but I don't know what other than trying to get them to pay their fair share. I just know it's not fair to just take it away.
I agree, and we should go after the excessive wealth of all the rich cats and share it in ways that will help the world's poor, as they're entitled to some of it as well.
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BRJR ....(LOL, some of us are quite satisfied as Hobbyists ..)
you smugglers are always trying to cheat the government out of "it's " money.
naughty people.
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-> > "Oh, and since we're on the subject of advice, you may want to be a little leery of some of the advice you see on this, or any other, message board. If someone is giving you advice ......make a determination about how much weight you'll give that advice. You may find that sometimes there are 'serial-posters' on the internet that should read more and type less."
-Brian Blanco, Sarasota Florida
I include myself in that quote
Chris, Broussard, LA