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Posts: 18281
(01/29/12 11:13 PM)
Everyone's favorite bigot
Posts: 5260
(01/29/12 11:27 PM)
Juan Twirled wrote: APG wrote: Our debt of 16 trillion is more than 25% of that 60 trillion. You suggest that we confiscate a quarter of everyone's wealth to pay off the debt? I've already started hiding my wealth. So are others who have anything. You want to see the economy tank? Start seriously talking about confiscating wealth on a large scale like that.The debt number got me thinking the other day.The debt is 16 trillion, or $16,000,000,000,000.What we have to show for it is some stupid, unnecessary wars and a bunch of old people wasting a bunch of cash on the medical-industrial swindle via Medicare.So how could $16,000,000,000,000 be put to better use?The median US home price today is $165,000. (About what my grandma cost Medicare last year alone)$16,000,000,000,000 divided by $165,000 = 96,969,696. So basically with the national debt, you could buy almost 100 million homes and own them outright--no mortgage, nothing owed at all.The US population is a little more than 300 mil, and the average US household size is 2.6 persons, which means you need 115,384,615 (or so) homes to house the entire nation.So basically, with what we've accumulated in public debt, we could have provided housing for just about the entire nation, free and clear. No one would have a mortgage; no one would have to pay rent.Instead we have killed a bunch of brown people, and my grandma and other old people have turned going to the doctor into a hobby for decades on end.I know you'd have the whole moral hazard problem if you just provided free housing to everyone and all that, but these numbers really open your eyes to what a damn waste it has been racking up this enormous debt. We could provide shelter for every man, woman, and child in the land for $16 trillion.And for those who still want to have their wars and their shiny medical things, well imagine all the personal savings you could accumulate for yourself to spend it however you choose if you could go your whole life without ever sending a monthly mortgage or rent check. As expensive as health care is, anyone who couldn't manage their finances well enough to pay for it on their own given this kind of advantage deserves to die.$16,000,000,000,000. What a waste.
APG wrote: Our debt of 16 trillion is more than 25% of that 60 trillion. You suggest that we confiscate a quarter of everyone's wealth to pay off the debt? I've already started hiding my wealth. So are others who have anything. You want to see the economy tank? Start seriously talking about confiscating wealth on a large scale like that.
Posts: 7611
(01/29/12 11:38 PM)
Ugly on the inside
Posts: 29010
(01/29/12 11:44 PM)
Licorice wrote: We *could* tax unrealized capital gains as income...
Posts: 7612
(01/29/12 11:46 PM)
Posts: 29011
(01/29/12 11:49 PM)
Riliss wrote: i have a family member who killed themselves that way actuallyvery manly
Posts: 18282
(01/30/12 12:05 AM)
Riliss wrote:i have a family member who killed themselves that way actually very manly
Posts: 5262
(01/30/12 01:18 AM)
B DeBrun wrote: Licorice wrote: We *could* tax unrealized capital gains as income...when pigs fly
Posts: 8858
(01/30/12 07:33 AM)
Posts: 13200
(01/30/12 07:37 AM)
Registered User
Posts: 13201
(01/30/12 07:38 AM)
Posts: 10038
(01/30/12 07:40 AM)
B DeBrun wrote:when pigs fly
Riliss wrote:
Posts: 6884
(01/30/12 08:26 AM)
BrandonsExWife wrote: President Carter Ronald Reagan George Bush, Carter-Reagan : The Carter-Bush
President Carter Ronald Reagan George Bush,
Carter-Reagan :
Posts: 2587
(01/30/12 08:40 AM)
Registered user
Posts: 13210
(01/30/12 08:46 AM)
Posts: 10039
(01/30/12 08:50 AM)
Posts: 71241
(01/30/12 08:53 AM)
Registered loser
Posts: 13211
(01/30/12 08:56 AM)
Licorice wrote:Jonah Goldberg is a fat slob and a mediocre writer.
Licorice wrote:And Spring, you're right - 2012 in no way resembles 1980. if the Repubs want to keep deluding themselves that it is, though - fine by me.
Posts: 24979
(01/30/12 08:59 AM)
Posts: 18291
(01/30/12 09:22 AM)
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