Thoughts While It’s Raining…

rainyday

It’s raining. It’s been raining, it seems, forever. And, it’s days like these that set a retired guy to thinking. And, if you’re a liberal, living in Shasta county, that can’t be good.

I’ve been thinking about billionaires. Thinking about the money they have. Wondering where they find time to do anything with it. Thinking what a burden it must be. You’d think they’d have trouble finding things to spend it on. Yet, they squirm like a worm on a hook at the mere mention of any taxation greater, percentage wise, than I pay. Well, I know they have to eat too. But do they have to eat so well? You’d think they could afford a little more in taxes, since the meat they eat is prime; mine is ground chuck. America has 360 of these high class meat eaters! Could that be too many? Just thinking . . .

What’s a billion anyway? Well let’s think about that for a while. Let’s say that right after graduating from college with a degree in “counting” you get hired by a billionaire to count his money. Would this be a career you could retire from? Let’s say the pay is excellent but the job is 8 hours a day, 365 days a year with no time off for weekends, sick leave, vacations, or potty breaks. Just how long would this job last, counting dollars one by one? Well, you wouldn’t retire. You wouldn’t complete the job. To do so would take you 96 years.

What’s a billion? Kind of hard to get your head around the concept, isn’t it? Let’s try. On the one hand, one billion looks small, only 1.E9. On the other hand, one billion appears large. After all, in years, our planet has only enjoyed 4 ½ billion of them.

Let’s try this mind game. Let’s imagine the circumference of the earth and think how much fun it would be to walk around it. Oh I know that those pesky oceans would get in the way, but this is a mind game – let’s say you could walk on water. It would take a lot of steps to get around the earth this way. But this is a mind game and we’re not going to do it that way. We’ll do it this way. From the chair you’re sitting in, lean down, making knuckles by bending the fingers of both hands. Put one knuckle on the floor and the other in front of it. Then move the one in the rear to the front. We’ll call that one step. Keep doing it. Knuckle walk out your front door and on out into the countryside. Keep doing it. After 1.E9 knuckle steps (one billion), and going absolutely straight all the way, you would arrive at your back door. Now think of each knuckle step as a dollar. Bill Gates could go around the earth this way 50 times. Warren Buffett could do it 40 times. Lawrence Ellison of Oracle, 27 times; Christy Walton, 21 times; Jim Walton, 20 times, and the two “poorer” Waltons only 19 times each. There are 350 others in this category of wealth in America.

These personal fortunes may not be enough to stop the rotation of the planet, but they can certainly be used to alter the rotation of government. Some folks may not have a problem digesting this concept, after all these rich folks do know how to run a company and make money. But, let’s be honest, they didn’t accumulate these hard to conceptualize fortunes for you and me, they did it for themselves. And, honestly or otherwise, they acquired it from you and me.

Now let’s go back to thinking about taxes. Who should we tax? Them . . . or you?

Click links to read more by Richard Douse.
The end of alternative energy
Solar panels – The safest investment you can find
Sue and Jenny

Richard Douse lives with his two favorite ladies, Tammy, his wife, and Ann Margret, his cat.  They live off the grid in a home they built themselves.  They grow their own food because they don’t trust corporations doing it for them.  Douse thinks himself a liberal.  He believes liberals are blue collar folk who know how to work and think for themselves.  He believes that what we do, individually and collectively, in the next 10 years will determine whether civilization continues – or goes away.

Richard Douse
Richard Douse lives with his two favorite ladies: Tammy, his wife, and Ann Margret, his cat.  They live off the grid in a home they built themselves.  They grow their own food because they don’t trust corporations doing it for them.  Douse thinks of himself as a liberal.  He believes liberals are blue-collar folk who know how to work and think for themselves.  He believes that what we do, individually and collectively, in the next 10 years will determine whether civilization continues - or goes away.
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3 Responses

  1. Avatar Skillspua says:

    Buffet is actually constantly calling for more taxation for the rich, he recently mentioned that his secretary pays more in tax, than he does!

  2. Avatar IgoRancheros says:

    Awesome, Dude.

  3. Avatar Joseph says:

    Richard, you’re not talking taxation when trying to grab the wealthy folk's money, you are talking confiscation. Taxation takes a percentage of earnings or spending. Confiscation takes it because they have it and you want it. Warren Buffet and the others were already taxed when they earned their money, usually at very steep rates. He doesn't spend a large percentage of his money, a big part of why the wealthy get rich (they don't frivolously blow their money). This confiscation or ‘Redistribution of Wealth’ is what Marx and Engels propounded: “From each according to his ability, to each according to his need”. It didn’t and won’t work.

    Taking the money from the people with over let’s say, five million dollars, may add up to Billions of dollars, but not the Trillions our government spends. Also, the politicians have a way of grabbing money, wasting it and then going to the well again. Where do they get the bulk of money? From the middle class who make $40K-$200K a year. Taking 30% from us is a lot more than 90% from the filthy rich because there are a lot more of us.

    The problem with taking it from us is the question of “why I shouldn't get to keep some of what I earn”. Every politician thinks "we're only taking 10% or 20%”, but they don't account for the multiple times different pieces of government do that. Add it up: 30% federal income, 12% SSI, 9.5% state, 2% Medicare, 6% property tax, a few percent for sales tax, and we are already taxed over 60%!!! After that, we have to pay mortgage, food, auto….

    So stop considering to take other people’s money and let each keep their own. If a group wants something, they should figure out how to pay for it themselves, not charge another group for it. Otherwise, learn not to spend what you don't have. Most wealthy people seem to get their wealth into social concerns by the time of or shortly after they die anyway. These people were usually smart enough to earn the money; they are smart enough to plan its use wisely. Look at what Dave Packard, Bill Hewlett, and Sam Walton did to, name a few. Did they take their earned fortunes from us, I don't think so.