Midknight Review -- new and revised: Weath is not a zero sum event, and those who are critical of the wealthy are poor folks who will never understand what it takes to be wealthy.

What Taxing the Rich Could Yield

Nov 1, 2018

America’s 15 wealthiest families are worth a combined $618 billion. That’s not good for our economy—or our democracy.

Editor: No point in reading this article. To think that 15 families, regardless as to their combined wealth, pose a problem to our democracy, is even more absurd than the fantacy that Trump is a secret Russian spy. If "wealth" includes "buying power," the accummulation of wealth is NOT a "zero sum game." Back in the 1970's, Nixon took us off the "gold standard," and by doing so, insured that wealth can never be thought of as a zero sum proposition again.

Now, this does not mean that we cannot so devalue the dollar as to make it compartively worthless, but, again, it is not the value of the dollar that is critical, but the accumulation of buying power, of which the dollar plays a secondary role in comparison to other valued considerations.

Understand that the dollar is unit used to measure wealth. But so is my home, the kinds of vehicles I own ('67 Vett actually increases in value over the years, for example), where I choose to live, the amount of time I am willing to spend earning wealth, and more importantly, my work experience. What I knew back in 1975, when I first began working for myself, and what I know now, proves my point as to increasing values and the notion that wealth is not a zero sum property.

My point: when a pundit treats wealth as the sole property of the "rich," they speak out of envy, jealousy, and the world of making excuses. Don't believe anything these clowns have to say. They are only angry that they are not in the camp of the "rich." Most rich families came from very poor backgrounds. The value of their work ethic and the tacit knowledge of knowing "what to do next," are not limiting experiences for those who find themselves "wealthy."

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Weath is not a zero sum event, and those who are critical of the wealthy are poor folks who will never understand what it takes to be wealthy.

What Taxing the Rich Could Yield

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