All to often, the media (whom all are rich themselves, don’t be fooled) points out that the rich people are the problem with society. They ridicule and make fun of the rich, and blame everything under the sun on the rich. It’s kind of ironic considering those same folks complaining about the rich are much richer than the top 1%.
Let’s play a game called rich elimination.
In this game, we take the money away from those that are rich and ban them from making money. They now have to live on the median income amount that the average individual (or household) makes. Let’s identify those rich folks as people who have more than 20 million.
This destruction of this level of rich folks makes angel investors practically disappear! Luxury purchase that eventually trickles down to the masses are gone. Thinks like automobiles will not be invented, same goes with new medicines. And obviously, tax revenue that the government uses for most of their spending get hit hard! So naturally the tax increases across the board by 50% or more.
Next now we have a new problem, those that have 2 million to 20 million are now the rich and need to be treated the same as the first wave of rich destruction. Those that have (now had) 2 million to 20 million will have their money seized by the government. , This fixes the tax problem, and now these individual are paid the median income amount.
I’m going to stop here because we all know that to continue the destruction of wealth (those that still have 1 million) leads to a communist state and that doesn’t work (look at China and Russia and how they did change to allow capitalism in their society). North Korea is a great example of a system that doesn’t work, especially when compared to South Korea.
Back to the point that the higher rich levels have been redistributed, what does that mean for society?
- We all need to pay, oh maybe 60 to 80% in taxes (and in the worst cases all) to support the government (we all know that when the government spends money it’s hard to make them stop spending money).
- Inventions that are expensive to initially make like Refrigerators, Cars, TVs, Computer, etc… are no longer created because nobody can afford to buy them because the first models are so expensive that only the rich can buy them initially. But at least we get to play plenty of frisbee now!
- Medical advances stop!
- Mortality rates climb, because new drugs are being made since the government show down those over priced drug companies.
- Disaster money disappears
- Crime increases
- Businesses stop
- Society devolution starts.
The thing about being rich is it’s relative. Unless you are a Gates or Buffett, there is always someone richer than you that makes you feel not poor. This may be why people like John Stewart and other media performer act that way. Or perhaps it’s because they get paid to do so. Perhaps they (the media giants) are all playing us for the fools, because they earn money for doing so.
Thinks of a third world country when you want to see a country without any rich folks. Shoot, our founding fathers in the US were rich! If Benjamin Franklin hadn’t gone over to France to woo the French, we would have had the support of the French Army to help us fight the British.
Without rich people, the world would be a much darker place.
Have you ever wondered what it would be like without any rich people in the country?