It’s time to bash the wealthy! News media love to tell the common people just how rich the top 1 percent are, letting us know what kind of stuff they own and remind us that most of them contribute to [evil] Republicans.
The Daily Mail gets right into it.
Forbes magazine has produced the first list that charts the richest families in America worth more than one billion dollars.
From the Kennedys to the Kochs to the Waltons, the list is made up of 185 families, some famed for their historic and dynastic wealth, while others are simply American success stories and have only relatively recently become fabulously rich.
The staggering collective wealth of the 185 richest families in the United States is $1.2 trillion dollars and all the names on the list reveal at least some link to either industrial heydays long gone like the Rockefellers or successful brands still in operation such as Hallmark, Budweiser, Mars and Getty Oil.
And about the “Republican vs Democrat” split…
According to Forbes Of the 50 richest families, 28 mainly donate to Republicans and only seven contribute mainly to Democrats. Not all families stay on the same side of the political spectrum — 15 support candidates from both parties.
Notice they told us the number of families who donated GOP and DNC, but not the amounts actually donated. Hummm…
Time for me to bash the federal government and their outright addiction to spending money we don’t have.
I want to go back to the $1.2 trillion figure highlighted above. If you confiscated every dime, sold every asset, every bit of stock, every car, all the jewels, the private jets, the yachts, every house and all the land owned by these 185 richest families – leaving them with nothing but the clothes on their back – you’d barely be able to cover one-fifth (20 percent) of the debt accumulated during the last five years.
Our Federal Annual Deficits – 2009 through 2013
- 2009 – $1.4 trillion
- 2010 – $1.3 trillion
- 2011 – $1.3 trillion
- 2012 – $1.1 trillion
- 2013 – $0.7 trillion ($700 billion)
Source. I didn’t bother including 2008, and of course there are still a full two years plus to go with the current Obama administration.
This is just the annual deficits! Do you get the reasoning of my post? It’s incredible to think “the super rich” can solve problems by “chipping in” more funds to keep the federal government boondoggle moving along. Leftists can keep blaming the rich, but maybe we can share this information to ensure people are more informed and understand taxing the rich won’t help. It won’t put a dent in the problem. The problem is the spending!
Here are a couple previous posts on a similar topic. Read and share!