DiscApp ID # 175790
Article ID # 1626763
Author Mondo Fuego™
Email
IP 68.114.132.44
Date Mon Mar 4, 2019 17:17:09
Subject Here's the flaw in socialism ...

You soon run out of other people's money.

Take the "Forbes 400" list of the richest people in the US.

The average wealth of the 400 people or families on the list is about $6 billion. The total wealth of the entire group is about $2.4 trillion.

If you confiscated their entire wealth, it would barely cover 10% of the present national debt. Then, their wealth would be gone … no more squeezing blood out of those turnips.

Furthermore, a huge percentage of the wealth of these people is tied up in plant, equipment, inventory, land, and other fixed investments, so how would you go about liquidating these massive assets? Who would take them over and operate them? For example, the Ingram Family owns dozens of towboats and hundreds of barges. Who is going to buy and operate these fleets? O'Crazio is a bartender, not a skilled towboat pilot. Old crones like Pelosi and Feinstein are too old to learn waterway navigation skills.

For the more liquid assets held by these people, like stocks and bonds, if you try to liquidate them, the stock and bond markets will crash, and everyone and every entity that holds stocks and bonds will sustain a monumental loss, including all the pension funds, 401ks and mutual funds.

The entire economy would fold as the entities that these big dogs once managed fall into chaos. Millions would be out of jobs.

Now, do you understand why idiots like O'Crazio and Bernie are dangerous and should be locked up in cages?