The rentier class also includes retired people, the elderly and anyone that has stock.
How does it include retired people and the elderly? That makes no sense, unless you somehow believe social assistance programs are the same as rentier income (which they aren't, especially in the US, because most of them are based on workers' input into the system).
Raise taxes to the 70-90% you seem to want then at and watch damned near every single one of those people scream at the pain. You'd see a flow of wealth out of the US as many of these people would find it suddenly painful they didn't have the money they used to have. Make it less costly for businesses to have mafucatoritng plants in the US and they will be more inclinced to stay.
Oh God, I actually cringed when I read this. You really don't have any idea how this post makes you look, do you? Just do yourself a favor and google income tax rates in the US before you post. Marginal income tax rates were at 92% in the 1940s and 1950s, the hey-day of Ford, GM, and the other great American manufacturers. Today, the top tax rate in the US is at a pathetic 35%, and we're watching our jobs ebb away. If low taxes are so great, why aren't the Caimans Islands so rich? All low taxes do is turn a country into a haven for tax evaders and family heirs.
I cannot, but every one of them has the money they earned. As faras I know, not one is giving away every penny they do not need.
Does Paris Hilton deserve the money she has? Do the Kardashians? It's very ironic that most of the people who actually DO earn the money they have are all in favor of giving it away - Oniya pointed out a few of the most prominent examples, but check out anyone who's taken Gates' Giving Pledge.
The liberals/Democrates are also very willing to cut military spending by large amounts. They'd likely cut things like armor, medical, weapons and weapon development.
We spend more on military than the next fourteen nations combined. Every year. We repeatedly use billion-dollar destroyers to take out a handful of Somali pirates on a cheap dinghy, or pick off tribal leaders in the boonies of Pakistan with flying robots equipped with heat-seeking missiles. At some point, possibly the point where we acquired the power to eliminate all life on Earth repeatedly, we should probably have started reducing spending on it.
You know the best part about US military spending, right? We are subsidizing all of our allies' LACK of spending. I.e., there are many countries right now who are enjoying low tax rates and gov't spending because they trust in Uncle Sam to save them from the country next door if things go wrong. Everybody who supports current levels of military spending is effectively supporting free welfare for the French. Savor that, please.
Intellectuals are also some of the stupidist p[eople. I would rather have someone with rteal world experience in charge, not am ivory tower person who wants to make his theories reality.
Scuse me if I'm being rude, but the next time you call someone stupid on the Internet, I think it would be a good idea if you double-checked to be sure you spelled "stupid" right. It doesn't make you look good.
Their prefered method of solving a problem is to also throw even more money at it. A program is failing? Give it several billion more and if that doesn't work, give it even emore money. And they are very unlikely to want to discuss any of their sacred cows like Soc Sec, Medicare or those programs.
If you are on a sinking ship, and despite furious bailing the ship continues to sink, should you just stop bailing entirely? Or get the rest of the passengers to help bail?
Look at how they fought against changing Welfare. Even now, they will very likely want unemployment extended when it runs sout and it's been extended how long now? How many months has the government been paying people for not working? 20, 24, 36? How long should unemployment last before it ends? How long can it last before it runs into economic trouble?
It never runs into economic trouble. In fact, it prevents economic trouble. Look, we're both on this website so we can play pretend, right? So play pretend with me for a moment and imagine we're laid-off factory workers in one of those Michigan towns that got hit hard by outsourcing. There's 5,000 people just like us who got laid off simultaneously and no one in town who's willing to hire. What's the first thing you're going to do, besides look for a job? Me, I'm going to start cutting costs. No more movie tickets. No more ice cream, or magazine subscriptions. When you have no income, you have to save. When we all do that, it kills the movie theater, it shuts down the ice cream parlor, it shutters the magazine. That's what a depression does - it kills healthy businesses because their customers stop buying in order to save money. Welfare doesn't just help unemployed people - it saves businesses and keeps jobs going.