Topic: What is "Wealth Redistribution?"

[OldSailor]

I call it "armed robbery by government."


Report: Government redistributes more than $2 trillion in one year
Government policies effectively redistributed more than $2 trillion in income from the top 40 percent of American society to the bottom 60 percent in 2012, according to a new study from the nonpartisan Tax Foundation.

The study tracked the beneficiaries of government spending programs largely paid for by taxpayers who are not very big beneficiaries of those programs.

Families in the top 1 percent shouldered nearly half of the more than$2 trillion that was redistributed last year.

The study found that the country’s lowest-income families receive $5.28 in government spending for every $1 they pay in taxes. Highest-income families only receive back 25 cents in government spending for every dollar of taxes they pay.

“So little time, so much to redistribute,” Republican presidential candidate Mitt Romney joked at the Al Smith Dinner during the 2012 election, referring to President Barack Obama’s economic worldview. According to the Tax Foundation, the joke was on people like him.


Read more: http://dailycaller.com/2013/11/11/report..../#ixzz2kRwXoP00

For the record … The US collected $2.45 trillion in receipts in 2012.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

If the government redistributed $2 trillion of that $2.45 trillion it has redistributed 81.6% of those receipts.

[ToddF]

That's income re-distribution.  Wealth re-distribution will happen when government institutes a net worth tax, as is being bandied about in the far corners of the left.

[Libertas]

That's income re-distribution.  Wealth re-distribution will happen when government institutes a net worth tax, as is being bandied about in the far corners of the left.

Correct.

And I offer this for thought - Wars of Independence have been started over less...

[OldSailor]

When candidate Zero was assaulted (asked a question) by Joe the Plumber, his reply included "we're going to redistribute some of your wealth" (paraphrased.)  In my own defense, I submit income IS part of your wealth.

[Pablo de Fleurs]

From the new *Constitution:

Barack 16:24-26 | New Supreme Leader Version (NSLV)

Take Up Redistribution and Follow Obama

²⁴Then Barack said to his disciples, “If anyone desires to follow after me, let him deny his health-care policy, accept redistribution, and follow me. ²⁵ For whoever desires to save his health insurance policy will lose it, but whoever loses his health insurance policy for my program will find it. ²⁶For what profit is it to a man if he gains his old policy, and loses his dependence upon me? Or what will a man give in exchange for his old policy?

(*Limited Offer: free prayer rug with every order)

[OldSailor]

From the new *Constitution:

Barack 16:24-26 | New Supreme Leader Version (NSLV)

Take Up Redistribution and Follow Obama

²⁴Then Barack said to his disciples, “If anyone desires to follow after me, let him deny his health-care policy, accept redistribution, and follow me. ²⁵ For whoever desires to save his health insurance policy will lose it, but whoever loses his health insurance policy for my program will find it. ²⁶For what profit is it to a man if he gains his old policy, and loses his dependence upon me? Or what will a man give in exchange for his old policy?

(*Limited Offer: free prayer rug with every order)

That is disturbing on so many levels Pablo.  He's been referred to as "The One," "almost a God" and several other monikers and has an almost religious following among the dumbmasses.  I very strongly expect most would follow him even if he declared himself Dictator for Life and was caught in bed with dead little boys and girls.

[warpmine]

From the new *Constitution:

Barack 16:24-26 | New Supreme Leader Version (NSLV)

Take Up Redistribution and Follow Obama

²⁴Then Barack said to his disciples, “If anyone desires to follow after me, let him deny his health-care policy, accept redistribution, and follow me. ²⁵ For whoever desires to save his health insurance policy will lose it, but whoever loses his health insurance policy for my program will find it. ²⁶For what profit is it to a man if he gains his old policy, and loses his dependence upon me? Or what will a man give in exchange for his old policy?

(*Limited Offer: free prayer rug with every order)

That is disturbing on so many levels Pablo.  He's been referred to as "The One," "almost a God" and several other monikers and has an almost religious following among the dumbmasses.  I very strongly expect most would follow him even if he declared himself Dictator for Life and was caught in bed with dead little boys and girls.

He would never be anywhere near a girl so I'm betting it would just be young men and boys.

[Libertas]

 

[Pandora]

That's income re-distribution.  Wealth re-distribution will happen when government institutes a net worth tax, as is being bandied about in the far corners of the left.

In the beginning, and at the end, the minutes of our lives are all we have to spend.  They are our wealth.

Steal anything acquired through the spending of those minutes -- that no one gets back -- and it's wealth-stealth.

[oldcoastie6468]

That's income re-distribution.  Wealth re-distribution will happen when government institutes a net worth tax, as is being bandied about in the far corners of the left.

In the beginning, and at the end, the minutes of our lives are all we have to spend.  They are our wealth.

Steal anything acquired through the spending of those minutes -- that no one gets back -- and it's wealth-stealth, then war.