Basic Arithmetic for Advocates of The Welfare State
Nov 9, 2017 13:40:10 GMT -6
Post by Todd on Nov 9, 2017 13:40:10 GMT -6
I have said for years, even before the advent of “Obamacare,” that Socialism defies human nature. It also defies simple arithmetic in America’s quest for ballot box Marxism. The following are figures gleaned from the Internet for the year 2016. At the end of 2016 the national debt sat at approximately $20,000,000,000,000 the gross national product for America in the year of 2016 was $19,100,000,000,000. I do not know if these figures are rounded or not, but with numbers of such magnitude, a little rounding might not make much difference to the point being made. For it is clear that at the end of 2016 all the money made would’ve come up $900,000,000,000 short of paying our debt.
Now the ubiquitous and ever-popular suggestion that we tax the rich in order to pay off the debt finds a lot of support among the lunatic liberals. Using figures obtained from CNBC on the Internet it would appear that America has 565 billionaires. Were we to strip $1 billion from every single one of these billionaires, we would only have $565,000,000,000. This is $19,435,000,000,000 short of paying off our national debt.
If we take $25,000,000 from each of the 156,000 households with more than $25,000,000 in net worth, we could obtain only $3,900,000,000,000, $16,100,000,000,000 short of paying off the National Debt.
If we took $1,000,000 from each of the 17,000,000 households with $1,000,000 or more, but less than 25,000,000, we could only raise $17,000,000,000,000, $3,000,000,000,000 less than needed to pay off the national debt.
It is true that if we stripped the billionaires and took 25 million from those millionaires with that much money, and took 1 million from all the millionaires we could pay off the national debt and have a little bit left over. But here is the rub. The industries catering to the rich such as yacht builders, airplane companies, jewelers and a host of other companies including real estate brokers and the stock market, would be financially crippled irreparably, and the workers would join the already ever-growing ranks of the poor in need of assistance. Where will they go?
There would be very few payrolls left, and very few businesses could remain viable. This would be a one year ticked to the dustbin of history.
What’s that you say? “Don’t try to pay the national debt in one year, take your time? It would be silly to try and solve a problem in one year that it took many years to produce?” Of course this is true. I used the figures above only to illustrate how gargantuan the problem is. But here’s the rub. You cannot pay the debt if you fail to solve the problem that created the debt. To throw a few billion dollars at a problem that is growing at a faster rate than the solution, guarantees that the problem will be with us forever. Make the government smaller and more responsible and quit giving our money to foreign countries, big companies, and welfare handouts. Reduce the unions to no larger than the size of individual companies, and insist that the able-bodied, if merely untrained, un-trainable, or unwilling citizens get jobs, even if it is just cleaning America’s highways. Let them work for the government at keeping things clean. Only then will the problems be susceptible to solution.
- Todd
Now the ubiquitous and ever-popular suggestion that we tax the rich in order to pay off the debt finds a lot of support among the lunatic liberals. Using figures obtained from CNBC on the Internet it would appear that America has 565 billionaires. Were we to strip $1 billion from every single one of these billionaires, we would only have $565,000,000,000. This is $19,435,000,000,000 short of paying off our national debt.
If we take $25,000,000 from each of the 156,000 households with more than $25,000,000 in net worth, we could obtain only $3,900,000,000,000, $16,100,000,000,000 short of paying off the National Debt.
If we took $1,000,000 from each of the 17,000,000 households with $1,000,000 or more, but less than 25,000,000, we could only raise $17,000,000,000,000, $3,000,000,000,000 less than needed to pay off the national debt.
It is true that if we stripped the billionaires and took 25 million from those millionaires with that much money, and took 1 million from all the millionaires we could pay off the national debt and have a little bit left over. But here is the rub. The industries catering to the rich such as yacht builders, airplane companies, jewelers and a host of other companies including real estate brokers and the stock market, would be financially crippled irreparably, and the workers would join the already ever-growing ranks of the poor in need of assistance. Where will they go?
There would be very few payrolls left, and very few businesses could remain viable. This would be a one year ticked to the dustbin of history.
What’s that you say? “Don’t try to pay the national debt in one year, take your time? It would be silly to try and solve a problem in one year that it took many years to produce?” Of course this is true. I used the figures above only to illustrate how gargantuan the problem is. But here’s the rub. You cannot pay the debt if you fail to solve the problem that created the debt. To throw a few billion dollars at a problem that is growing at a faster rate than the solution, guarantees that the problem will be with us forever. Make the government smaller and more responsible and quit giving our money to foreign countries, big companies, and welfare handouts. Reduce the unions to no larger than the size of individual companies, and insist that the able-bodied, if merely untrained, un-trainable, or unwilling citizens get jobs, even if it is just cleaning America’s highways. Let them work for the government at keeping things clean. Only then will the problems be susceptible to solution.
- Todd