Thursday, August 30, 2012

A Message To The Tea Party





This message is for the Tea Party and anti- big government people. I hope you will put it in perspective for your friends by forwarding this information to them. What does a billion seconds have to do with a billion dollars? Nothing. Instead, let's compare the billion dollars to the number of stars. One billion stars would be only about 0.00000000000001% of the estimated total 100 sextillion stars in the Universe. Makes $1 billion look pretty insignificant, doesn't it?


 In fact, both comparisons are bogus. Neither minutes nor stars are a fair comparison for money. Let's get down to money, which is what is really what they're talking about. $1 billion is only about 1.5% of the wealth of the richest man in the world according to Forbes.


 In fact, Forbes says there are 1,153 people in the world who have more than $1 billion. Three of the people trying to buy the election for the Republicans, Charles and David Koch and Sheldon Adelson, are nos. 12-14 and worth collectively about $75 billion. Three Waltons are not far behind, with a combined $70 billion.

 Shall we look at corporations?. Those entities which the Supreme Court considers people, entitled to spend as much as they want influencing our elections? The most profitable corporation in 2011, according to Fortune, was Exxon Mobil, making more than $41 billion a year on total revenues of about $453 billion. That's just one company. Wal-Mart made more than $15 billion on revenues of $447 billion.

See,those guys are relatively small. Consider Bank of America, which didn't make as much money (only about $1.4 billion,but who's counting?) but has total assets of $2.1 Trillion. Yes, that's spelled with a "TR." That's 8 times the relatively modest $250 billion which people complained that Senator Landrieu wanted to rebuild the whole City of New Orleans!


 Don't you think it's worth a mere 1/8th the assets of one bank to rebuild the entire City of New Orleans, which is a major asset for all of the United States, even the world? And that isn't even our largest bank -- J.P. Morgan Chase had lower revenues than BOA but had profits of about $19 billion and total assets of more than $2.2 Trillion.


  Now, let's consider what these Tea Party people have to say about taxes. The country's most prosperous peacetime  was the Eisenhower Administration in the 1950s.(I was born at the end of it!)  , At the time, The United States of America was "the most prosperous nation in the world," and "had the largest middle class in the world."


 At that time, the Federal Income Tax rate for rich people -- the top marginal rate -- was . . . 91%! The top Federal Estate Tax rate was 77%. In other words, the country enjoyed its greatest prosperity, and the middle class was booming while rich people were paying 91% of their income in Federal Income Tax, and then the Federal Government received 77% of their estates.



Don't let anyone tell you that we have to reduce taxes on rich people in order to bring about prosperity. In fact, there are studies that show that the general economy gets worse when the rich get richer.


Digest that for a minute....And for the rest of us sane people...Don't Boo...Vote in November!

7 comments:

Anonymous said...

I am so sick of you and your left leaning politics and polemics...I read all three of your blogs...But I will not read this blog anymore... I just can't stomach this obvious left leaning ,unabashed campaigning for that Musliom-Marxist ,Barrack Obama..And don't delete me again..I am am American and I deserve to have my views heard!

Keith said...

@Anonymous- You know you have promised to not read this blog before...and yet you keep coming back and commenting...The fact that you keep your identity a secret is proof that you're a gutless coward who doesn't have an original thought in his head...Why don't you just stop coming to my blogs period? Stop doing this to yourself...Why not do something original like start your own blog??
You don't have the talent do you!

Anonymous said...

I am not going back and forth with you on this...I have had it...I will no longer read or comment on this blog again...Most of your readers seem to have your warped un-american view of things also...I'm done......You won't have to worry about me anymore...I am an American and I deserve to be heard!

Sean said...

@anonymous- Start your own Blog then, with your views! You are not going to change anybody's views here.

Brenda said...

This anonymous poster is obviously a disturbed individual Keith, don't feed in to whoever it is!

Arlene said...

Tell it now! Tell it! Joan Walsh has written a book titled "What's the Matter with White People?" that tries to understand your very point. When history is examined those with functioning minds would NOT follow the tea party path. These folks are racist, sick racist! They'd rather deprive themselves of a decent living than have a balck man in the White House. In a documentary from the 2010 election, voters in Mississippi were polled and that's just what they said. One guy was living in a barn with no door, living on food stamps and handouts. He said he hated the president and would vote against him in the next election. When told that his own food stamp allocation would be cut he said it was alright because the "worthless ni__ers" would be cut off too. That toothless rat didn't see himself as worthless, just the "ni__ers!"
Michael Baisden says we have to save these people from themselves! Sometimes I want to help!!

**Good riddance, Anonymous! Keep your promise now and don't come back!!!

Wendy said...

If only they would listen to what you are saying. I watched Paul Ryan last night and realized these people as Ice Cube said" Don't know, don't show or don't care..." I'm leaning towards the latter the country is clearly divided on so many issues and that I can understand because we are entitled to our views and I am open for any logical,rational debate. However, people like anonymous exist and even when they know its factual truth they still strike it down. Arlene stated she wants to help but, how do you help when they don't want to be saved? When they're so narrow minded that they would rather die than change. To choose ignorance is crazy.




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