As I said elsewhere, the bottom 50% of Americans have around 4 trillion in wealth. While the top 50% of Americans have around 156 trillion in wealth. Obviously, "trickle down" doesn't work. The more they have, the more we should tax them. Though I'm not sure on how exactly it worked, the tax rate for the wealthy was 90% under FDR, Truman and Eisenhower. It should be that way again.
Also, as I said, the top 50% have around 156 trillion in wealth. Our national debt is 37 trillion. I say we should start out by seizing 50 trillion of that wealth. That will leave the wealthy with 106 trillion. That's still a pretty good chunk of change. After paying off the national debt, that would leave 13 trillion dollars left over. What could we do with that? Well of all the things that are made overseas, we could build government owned factories here in the U.S. to make those things. And pay the employees around $38 dollars per hour. At the same time, put a price freeze in place like Nixon did. That would keep inflation down. And with people working, they would be taxed. That would make whatever the government is doing affordable.
What we could also do is end poverty and homelessness in the U.S. An interesting point about the homeless is that around 50% of them have been in the foster care system. Another thing we could do is what all the other advanced countries do. Have universal health care. We could also fix all of the infrastructure in the U.S. Another thing we could do is do away with all of the insurance companies out there. They are largely useless anyway. Each year in the U.S. around 550,000 people go bankrupt due to medical expenses. But around 70% of them HAD insurance! So that just goes to show how useful they really are. They should be replaced with a single Government run insurance agency. We should also have free college education. Like many other countries have. Now out of that 13 trillion, that should leave something around 7 trillion dollars left over. I'm not sure right off hand on how to spend that. But I'm sure somebody could think of something.
Also, as I said, the top 50% have around 156 trillion in wealth. Our national debt is 37 trillion. I say we should start out by seizing 50 trillion of that wealth. That will leave the wealthy with 106 trillion. That's still a pretty good chunk of change. After paying off the national debt, that would leave 13 trillion dollars left over. What could we do with that? Well of all the things that are made overseas, we could build government owned factories here in the U.S. to make those things. And pay the employees around $38 dollars per hour. At the same time, put a price freeze in place like Nixon did. That would keep inflation down. And with people working, they would be taxed. That would make whatever the government is doing affordable.
What we could also do is end poverty and homelessness in the U.S. An interesting point about the homeless is that around 50% of them have been in the foster care system. Another thing we could do is what all the other advanced countries do. Have universal health care. We could also fix all of the infrastructure in the U.S. Another thing we could do is do away with all of the insurance companies out there. They are largely useless anyway. Each year in the U.S. around 550,000 people go bankrupt due to medical expenses. But around 70% of them HAD insurance! So that just goes to show how useful they really are. They should be replaced with a single Government run insurance agency. We should also have free college education. Like many other countries have. Now out of that 13 trillion, that should leave something around 7 trillion dollars left over. I'm not sure right off hand on how to spend that. But I'm sure somebody could think of something.
