the 62 wealthiest people own as much as the bottom 50%

[rdking647]

Thats insane...

heres my proposal. it couldnt be done in all the world but it certainly can be done in the us,western europe and a lot of the developed world..



take the 100-200 richest people in the world.
seize 50% of their wealth.
if they complain make it 90%
use the money to raise literally 100's of millions out of poverty

that will still leave tthe super wealthy with 100+ million dollars each

call is socialism,communism,whatever that fact that 62 people own that much is nuts.

as mr spock says... the needs of the many outweigh the needs of the few

[leftofcool]

1. Is this one of Bernie's "plans"?

[yeoman6987]

2. Good luck. Seize is a terrible word

Only one way to do this and that is through taxes.

[orpupilofnature57]

3. Bernie is the only candidate who wants to Cure that Misanthropy Hillary aspired to.

[LittleBlue]

4. Ah, wealth seizures

If we did that, we'd lose trillions in investment. Our own billionaires aren't the only people who put money here, either. Nobody is going to invest in a country where property rights are ignored.

Overnight stock market evaporation as wealth flees to foreign shores. We would lose much more than you'd make with the wealth seizures.

[Hoyt]

5. First off, most of that wealth is on paper -- seize it, and it would evaporate and preppers would be

running the world for decades while the rest of us scrounge for food and hope we don't get shot by roving bands of armed racists.

Second, how much do you think would be available if we took it all and distributed it to 300,000,000 Americans and 5 Billion foreigners who are also poor? But, just for giggles, do it with Americans only getting the wealth.

I do think we need substantial tax increases on the wealthy and probably some increase on most people making over $70K or so to accomplish what we need for health care, education, safety net, jobs, etc.