Quote:
Originally Posted by piece-itpete
I don't think the rich have enough money to pay our debt, and even if they did it would soon be replaced as we spend a vastly larger amount of money than we bring in ('we' being the gov't).
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They could make a serious dent in it.
But the big thing is if some of that wealth that they are hoarding in offshore accounts, or using to make speculative bets in the market were redistributed to the poor and middle classes it would stimulate the economy big time and then maybe some of that 47% of our people that can't earn enough to make it into the lowest income tax bracket would be able to climb up out of the hole to where they would be paying taxes too.
Think of it this way, what happens in a game of monopoly when one player piles up all the money and all the properties, and has hotels on everything?
That's what we are well on our way to today in America.