Originally posted by Symmetric Chaos
Majority? Name just one president that wasn't in the top 20% economically (income or wealth) when he took office.
Originally posted by Tha C-Master
Actually a lot of the presidents pre civil war were. Some may have had land or slaves but little actual cash.
Originally posted by King Kandy
Jefferson was actually severally in debt.
He did say wealth.
By that measure, they were almost all fairly wealthy and WELL into the top 20th percentile EXCEPT FOR this list: James Buchanan, Abraham Lincoln, Andrew Johnson, Ulysses S. Grant, James Garfield, Chester Arthur, Woodrow Wilson, Calvin Coolidge, and Harry S. Truman.
http://247wallst.com/2010/05/17/the-net-worth-of-the-american-presidents-washington-to-obama/2/
There is one thing Trump USED to support that I am 100% for and would go a LOOOONNNNG way in fixing our national problems. And that is a mandatory surtax on net worth for extremely wealthy individuals. If I remember correctly, it would theoretically raise something like $1.5 TRILLION annually in federal revenue. I think it was something like 10% annually for everyone worth over $20 million or some such thing.
Re: Billionaire President
Originally posted by tru-marvell
With Mr. Trump announcing his possible run for the white house-I thought it a good idea to post this:Who among these 10 ( or if u really want to add your own) Billioniares
would you most likely vote for and who from this list would you choose as their running mate.If you add someone they must be listed as an American Billionaire
1) Meg Whitman
2) Donald Trump
3) Steven Spielberg
4) Oprah Winfrey
5) Bill Gates
6) Richard Rainwater
7) Dennis Washington
8) Abigail Johnson
9) Warren Buffett
10) Mark CubanForgot to setup the poll...
i wanna b a billionaire so freakin bad.....
dont know who whitman,rainwater,washington,johnson or cuban are but I would take Oprah over all the other ones nos 2,5,and 9,their all corrupt. Speilberg I would have as her running mate.
Originally posted by Darth Jello
There is one thing Trump USED to support that I am 100% for and would go a LOOOONNNNG way in fixing our national problems. And that is a mandatory surtax on net worth for extremely wealthy individuals. If I remember correctly, it would theoretically raise something like $1.5 TRILLION annually in federal revenue. I think it was something like 10% annually for everyone worth over $20 million or some such thing.
Interesting. That would motivate the "rich" to continually try to make money else their money would slowly decay via taxes until they were worth less than $20 million.
75 year stock market investment average, by year: 12%
Savings yield average: <2%
So somewhere in there, they'd have to invest in something. Not even bonds would yield enough.
Sounds like a good idea, to me.
Originally posted by King Kandy
A quite good idea.I was receptive to Trump until he came out as a birther recently.
Personally, I would prefer Bill Gates.
At first, I thought that was a sick joke on your part...
So I looked up the word "birther" to make sure I was thinking of the right thing.
Dude...
tooooooootally not what I thought a "birther" was.
The "birther" definition I knew is the second definition on urban dictionary and it is quite a disgusting definition. (look it up...🙁 )
Anyway, yeah, birthers are pretty much "idiots". I agree that Gates would be a kick ass "CEO" choice as he's very free with his money and charity. He's a great example of how I think real capitalism should work in a very libertarian society: people that make shit loads of money off of their hard work should be more than happy to give shit loads away (Bill Gates has given tens of billions of dollars away!)
I'm not a hypocrite as I would be more than willing to give or fund genuinely charitable projects. I wouldn't be an idiot and give too much away, but I'd certainly donate quite a bit.
Originally posted by dadudemon
At first, I thought that was a sick joke on your part...So I looked up the word "birther" to make sure I was thinking of the right thing.
Dude...
tooooooootally not what I thought a "birther" was.
The "birther" definition I knew is the second definition on urban dictionary and it is quite a disgusting definition. (look it up...🙁 )
Anyway, yeah, birthers are pretty much "idiots". I agree that Gates would be a kick ass "CEO" choice as he's very free with his money and charity. He's a great example of how I think real capitalism should work in a very libertarian society: people that make shit loads of money off of their hard work should be more than happy to give shit loads away (Bill Gates has given tens of billions of dollars away!)
I'm not a hypocrite as I would be more than willing to give or fund genuinely charitable projects. I wouldn't be an idiot and give too much away, but I'd certainly donate quite a bit.
Originally posted by Omega Vision
And he does more than just give money, he also initiates some rather beneficial projects. I recall reading something about a project he was bankrolling from his own pocket to design a good computer for children in developing nations that would be sold for under $100 each.
Originally posted by Darth Jello
There is one thing Trump USED to support that I am 100% for and would go a LOOOONNNNG way in fixing our national problems. And that is a mandatory surtax on net worth for extremely wealthy individuals. If I remember correctly, it would theoretically raise something like $1.5 TRILLION annually in federal revenue. I think it was something like 10% annually for everyone worth over $20 million or some such thing.
And tax them on their income additionally? And if so, how much?
Originally posted by Darth Jello
There is one thing Trump USED to support that I am 100% for and would go a LOOOONNNNG way in fixing our national problems. And that is a mandatory surtax on net worth for extremely wealthy individuals. If I remember correctly, it would theoretically raise something like $1.5 TRILLION annually in federal revenue. I think it was something like 10% annually for everyone worth over $20 million or some such thing.
According to today's standards, this is socialism, spreading the wealth around and the reason Zeal Ex Nihilo gets migraines. As the Republican party has recently begun polling at 51% 'birther', there is a better-than-ever chance Mr. Trump could make traction. Policies like this one you mention, however, will only be turned against him should folks like the Kock Brothers ever begin to take him seriously. He won't last as long as the primaries because he's not really as batshit crazy as he is pretending to be right now. (I assure you, his more level-headed solutions will go right out the window should he keep his footing after more supposedly serious politicians toss their hat into the ring. I would say that America is just about due to elect a reality tv star to the presidency. He could fill his cabinet positions with all 62 members of the duggar family.
You know the doomsday clock, and how important it was to know how far from midnight we were, during the Cold War? Well, I'd like to suggest to all those birthers and conspiracy theorists out there that we replace it with an "Idiocracy Clock", which will let us know just how long we have before we're all the Mt. Dew-guzzling, sitting on a toilet as comfortable as a recliner watching TV, "Welcome to Costco, I love you" morons suggested by the 2006 Mike Judge film, Idiocracy.