Wednesday, August 28, 2019

Is one million enough

When President Obama was running for office he told Joe the plumber that he would spread the wealth around. Note that he said wealth not income and this is the solution to the income disparities in California. The state has 2,153 people who have a combined wealth of $8.7 trillion. If they take 99% of their wealth it will still leave them with $400 million each. This will give each of the remaining Californians $200,000 each. Now it would not work that way as the state would keep the money and then redistribute as they felt was best. This would be money handed out in specific ways to get the most votes. It this happened understand that the rich have their money invested much of it in stocks so they would sell their stock to pay the state. This would have negative effects on the companies involved and may result in lower profits which could mean fewer jobs. The next year voters will agree to go after the rich for their remaining one percent. This is not likely to happen but going after 2% of wealth has already been proposed and most feel that in the following years that percentage will increase. It may not reach 99% but it could. Shouldn't one million dollars be enough for anyone?

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