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healthpellets
03-11-2011, 10:43 AM
http://dailycaller.com/2011/03/11/hammertime-moores-national-resources/

Hammertime: Moore’s National Resources

By Mary Katharine Ham - The Daily Caller 12:24 PM 03/11/2011

This week, Michael Moore offered a simple and elegant solution to our debt problem.

Calling the assets of wealthy Americans a “national resource,” he suggested our problems would all be solved if we could just have access to all that money.

“What’s happened is that we’ve allowed the vast majority of that cash to be concentrated in the hands of just a few people, and they’re not circulating that cash. They’re sitting on the money,” Moore said. “That’s not theirs, that’s a national resource, that’s ours. We all have this… we all benefit from this or we all suffer as a result of not having it.”

“America’s not broke,” he told a cheering crowd of pro-union protesters in Wisconsin.

So, we decided to try Moore’s solution. Laying aside the moral objections to the government simply appropriating the wealth of private citizens, could it work?

The United States of America has about 400 billionaires. Moore calls them “400 little Mubaraks.” About half of those have less than $2 billion each, and those with a net worth in the double-digit billions is an exclusive club of about 30.

Still, as Moore says, “there’s a ton of cash out there.”


The grand total of the combined net worth of every single one of America’s billionaires is roughly $1.3 trillion. It does indeed sound like a “ton of cash” until one considers that the 2011 deficit alone is $1.6 trillion. So, if the government were to simply confiscate the entire net worth of all of America’s billionaires, we’d still be $300 billion short of making up this year’s deficit.

That’s before we even get to dealing with the long-term debt of $14 trillion, which if you’re keeping score at home, is between 10 to 14 times the entire net worth of all of the country’s billionaires, combined. That includes the all-powerful Koch brothers ($40 billion between them), the all-powerful George Soros ($14.5 billion), all the Walton family (of the Wal-Mart fortune), Steve Jobs, Oprah (at a paltry $2.7 billion), the Google Founders, Michael Bloomberg, and the Mars family (of the candy bar empire).

So, what if we try to solve a smaller problem? Across the nation, 45 states are projecting over $100 billion in shortfalls, according to the Center on Budget and Policy Priorities. If the government just redistributed the wealth of the top three American billionaires—Bill Gates ($54B), Warren Buffet ($45B), and Larry Ellison ($27B)— it could solve that problem in a jiffy.

Of course, the 260-275,000 people employed by Berkshire Hathaway, the 105,000 employed by Oracle, and the 100,000 or so employed by Microsoft, might have something to say about that (to say nothing of the thousands of non-profits, charities, and causes that benefit from Gates’, Buffet’s and Ellison’s fortunes). That’s over 400,000 people out of a job.

Moore would argue, of course, that those jobs would simply be nationalized and “belong to all of us” after the wealth of their creators is sapped, but who exactly would have an incentive to make Berkshire Hathaway, Microsoft, or Oracle profitable if all of the money they made was considered a “national resource?”

One could also close the state budget gap with the wealth of the bottom 100 or so billionaires, who have but $1 billion and change each. But good luck processing the payment because you’ve just wiped out Paypal’s founder (Peter Thiel, No. 365). Also, the owners/founders of the Colts, the Eagles, the Redskins, the Saints, Campbell’s Soup, Home Depot, and the entire ironic t-shirt empire of Urban Outfitters. Those products, brought to you by the country’s billionaires and currently enjoyed by all of us, would be sacrificed to Moore’s plan to almost pay for the 2011 deficit.

So, Michael Moore, you’ve wiped out the country’s richest Americans, millions of jobs, and billions to charity. What are you going to do next? Go to Disney World?

Nope, that’s gone too. The Mouse makes billions, and that money is ours, not theirs.

BucEyedPea
03-11-2011, 10:44 AM
Sounds like he really is a communist—without using the communist label.

Jaric
03-11-2011, 11:39 AM
I'll support this when Moore willingly turns over every dollar he has made for the greater good.

I fear I shall go wanting...

Radar Chief
03-11-2011, 11:51 AM
I'll support this when Moore willingly turns over every dollar he has made for the greater good.

I fear I shall go wanting...

I wouldn’t be holding my breath for that to happen.

Mr. Kotter
03-11-2011, 11:54 AM
Moore is a complete loon.

Jaric
03-11-2011, 11:54 AM
I wouldn’t be holding my breath for that to happen.

Naw, I should be ok. Unless of course Moore is a fat ass giant hypocrite...

healthpellets
03-11-2011, 12:08 PM
Naw, I should be ok. Unless of course Moore is a fat ass giant hypocrite...

unpossible.

healthpellets
03-11-2011, 12:11 PM
Maybe ya'll already saw this, but Stephen King thinks that people in his income bracket should pay 50% in income taxes, not the 28% he currently pays.

http://sarasota.patch.com/articles/stephen-king-maybe-my-next-horror-novel-could-star-rick-scott#video-5187153

i just wanna know if he's sending in the other 22% he thinks he should be paying.

Same goes for mMoore...

Bob Dole
03-11-2011, 12:13 PM
Notice he only included billionaires, so as not to impact his own net worth of roughly $50 million.

Rain Man
03-11-2011, 12:18 PM
I think Pol Pot tried this 30 years ago. Maybe a quick review of Cambodian history would let us see whether it worked.

jiveturkey
03-11-2011, 12:20 PM
For months now I've been wondering WWMMD?

whatsmynameagain
03-11-2011, 01:49 PM
Maybe ya'll already saw this, but Stephen King thinks that people in his income bracket should pay 50% in income taxes, not the 28% he currently pays.

http://sarasota.patch.com/articles/stephen-king-maybe-my-next-horror-novel-could-star-rick-scott#video-5187153

i just wanna know if he's sending in the other 22% he thinks he should be paying.

Same goes for mMoore...

Doesn't work like that

blaise
03-11-2011, 01:50 PM
Doesn't work like that

They're free to give all their money away tomorrow, if they choose.

Radar Chief
03-11-2011, 01:51 PM
For months now I've been wondering WWMMD?

He’d call everyone self-indulgent capitalist pigs between mouthfuls of double cheeseburger. ;)

BIG_DADDY
03-11-2011, 01:58 PM
Nothing like a capitalist pretending to be a communist in order to raise more capital. LMAO

Bwana
03-11-2011, 02:51 PM
That reminds me, with spring right around the corner, I need to order up a few more packs of these.

http://obamaisabitch.files.wordpress.com/2009/09/michael-moore-huge-target1.jpg?w=412&h=573

RNR
03-11-2011, 02:53 PM
Nothing like a capitalist pretending to be a communist in order to raise more capital. LMAO

We have a winner~

DJ's left nut
03-11-2011, 03:33 PM
Sounds like he really is a communist—without using the communist label.

Bet you even money that if you got him off camera and called him a Communist, he'd embrace the label.

He's the kind of guy that's proud of it and considers himself enlightened because of it.

I hope he dies soon.

googlegoogle
03-11-2011, 03:52 PM
He's a millionaire.

He needs to lead by example. Give it all up and future movie revenues. He wont.

SANCTIMONIOUS POS. Pure fake piety.

2bikemike
03-11-2011, 04:55 PM
He's a millionaire.

He needs to lead by example. Give it all up and future movie revenues. He wont.

SANCTIMONIOUS POS. Pure fake piety.

This

prhom
03-11-2011, 05:58 PM
Doesn't work like that

Somehow I doubt that any level of government would turn down a voluntary gift of money. Even if there isn't a legal precedent for it I'm sure some manner of legislation could be passed in record time to make it okay.

ClevelandBronco
03-11-2011, 07:05 PM
Somehow I doubt that any level of government would turn down a voluntary gift of money. Even if there isn't a legal precedent for it I'm sure some manner of legislation could be passed in record time to make it okay.

No change necessary. Voluntary payments to the U.S. Treasury are already accepted. Best of all, they're tax deductible.

BIG_DADDY
03-12-2011, 12:30 AM
That reminds me, with spring right around the corner, I need to order up a few more packs of these.

http://obamaisabitch.files.wordpress.com/2009/09/michael-moore-huge-target1.jpg?w=412&h=573

Awesome

stevieray
03-12-2011, 05:23 AM
I think we'll see an increase of this type of rhetoric.

Messier
03-12-2011, 06:15 AM
That reminds me, with spring right around the corner, I need to order up a few more packs of these.

http://obamaisabitch.files.wordpress.com/2009/09/michael-moore-huge-target1.jpg?w=412&h=573

Yup, nothing like pretending to murder a human being. Good times.

RNR
03-12-2011, 06:30 AM
Yup, nothing like pretending to murder a human being. Good times.

:rolleyes:

Mr. Kotter
03-12-2011, 07:42 AM
Yup, nothing like pretending to murder a human being. Good times.

That's an insult to human beings, everywhere. :shake:

Mr. Kotter
03-12-2011, 07:43 AM
I think we'll see an increase of this type of rhetoric.

Yep. For every Michael Moore, there is a Glenn Beck.

Bwana
03-12-2011, 07:44 AM
Yup, nothing like pretending to murder a human being. Good times.

LMAO

Yeah, that's the ticket.

http://www.needlenose.com/i/fubar/flanagan.jpg

Chief Henry
03-12-2011, 08:11 AM
Nothing like a capitalist pretending to be a communist in order to raise more capital. LMAO

:thumb:

Jaric
03-12-2011, 02:50 PM
Yup, nothing like pretending to murder a human being. Good times.

Think of it as natural selection. I'm pretty sure if we were still living in the wild, Moore would be one of the first ones to get eaten.

BucEyedPea
03-12-2011, 03:31 PM
Think of it as natural selection. I'm pretty sure if we were still living in the wild, Moore would be one of the first ones to get eaten.

Nah! Too fatty and unhealthy. Unless you're an eskimo and need the blubber to stay warm. Otherwise, lean meat would go first or lean meat with some marbling for flavor would. . :p

Jaric
03-12-2011, 05:05 PM
Nah! Too fatty and unhealthy.

Exactly. The list of people Micheal Moore is going to outrun when the predators come is a fairly short list. You might not know this BEP, but when a carnivore is chasing you, you don't have to outrun the carnivore, you have to outrun the other things it's chasing.

Unless you were referring to people eating him. In which case you're still wrong because in America we LOVE us some fatty, unhealthy foods. He'd be deep fried within minutes.