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Forum Post: We Can Get The Money Back Legally and Pay Off the National Debt

Posted 3 years ago on Oct. 16, 2011, 7:36 p.m. EST by snarls (7)
This content is user submitted and not an official statement

The money is not gone. The plutocrats have been unjustly enriched at the people's expense.

If I am in business with someone and they breach their duty to me and are unjustly enriched, the law allows me to get back my money back. This is a common remedy that the courts enforce every day.

Society made a deal with banks: we will allow you to exist (grant you corporate form, with limited liability for your owners, and a charter that allows you to take deposits and lend money). In exchange for this right to exist and transact your business, you (the bank) agree to meet society's needs for low cost transactions and make loans to qualified borrowers.

But alas, you (the bank) went beyond what we agreed you would do in exchange for your right to exist and conduct your business. You went so far beyond what we agreed to that you brought the world to financial disaster. In the process, you amassed wealth beyond what any person is entitled. Now, we want our money back.

A national property tax would be a simple way to get our money back. While, maybe not that simple as it may require a constitutional amendment.

The national debt accrued as a result of not paying as we go. As we went, we allowed the plutocracy to amass its wealth. Now, through a national property tax, say 10% per year on all persons holding assets in excess of $5 million, we can in short order pay off the debt

27 Comments

27 Comments


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[-] 1 points by Fedup10 (228) 3 years ago

That would be unconstitutional as it's double taxation

[-] 1 points by Steve15 (385) 3 years ago

Correct me if I'm wrong because I might be. If you give the Fed back their Federal Reserve Notes, lets say a hypothetical half of what we owe, would that not decrease the money supply drastically and cause massive deflation?

[-] 1 points by Greentara (205) 3 years ago

Sadly the "deal" you describe above is incorrect Business are in business to generate a return to investors

[-] 1 points by snarls (7) 3 years ago

Investors have been given an unfair advantage in that they have no liability. We need to return to a pre-colonial system where if you want a return on investment you need to risk more than than the price you pay for your "shares"...no limited liability.

[-] 1 points by Greentara (205) 3 years ago

You are wrong. Investors risk their entire investment. Next why would anyone invest is they could only make $10k on their $10k investment in the coffee shop but are exposed to far greater losses? Investing would shrink And more jobs lost Sound like you have the right plan....yeah

[-] 1 points by MiMi1026 (937) from Springfield, VA 3 years ago

This is not going to happen unless the entire US court system is revamped or you fine the 1% on criminal charges,locke'em up and throw away the key!

But that won't happen because the judges,the politicians are just as corrupt and can be bought and paid fore,thus they will set these criminals free. So forget about getting that money back through the courts...its a dream that ain't gonna happen!

[-] 1 points by snarls (7) 3 years ago

That's why the National Property Tax would solve the problem.

[-] 1 points by MiMi1026 (937) from Springfield, VA 3 years ago

Snarls..really I think national property tax is good if people own property,but many people have been put out of their homes by foreclosure everyday.

The political 2 party system and the courts no longer Sustain WeThe People at all.Hence,the reason Why so many people have taken to the streets in the pass 5 weeks.

[-] 1 points by snarls (7) 3 years ago

I am advocating property tax only on folks who have $5 million or more.

[-] 1 points by MiMi1026 (937) from Springfield, VA 3 years ago

Snarls...great idea. But the political system we have no longer works that way. The 2 party system must be dismanteled and a new government under the Constitution for The people and by The People must come into Existence.

[-] 1 points by snarls (7) 3 years ago

I agree that the 2 party system is a failure. I also agree that the "we must protect personal property at the expense of the people" constitution is a joke. But, maybe, just maybe, the answer is not democracy or the neation state.

[-] 1 points by MiMi1026 (937) from Springfield, VA 3 years ago

You could be right. We will have to wait and see. Just like the Revolution of 1776 was a slow process, this to, A System By and Fore The People must evolve in this New Millenium!

[-] 1 points by snarls (7) 3 years ago

Steve, I saw you on TV this morning on CNN. The national property tax will apply to Soros and your guy (Glenn Beck). It will reach beyond the bankers to the rest of the unjustly enriched. There is only one way to create wealth and that is by work. Only workers can do the work. Hence, workers deserve and will get the money. One way we will help them get the money is by the national property tax.

[-] 1 points by Skippy2 (485) 3 years ago

You ever heard of Barney Frank and Chris Dodd? They set the ball rolling.

[-] 1 points by justhefacts (1275) 3 years ago

"In July George Soros announced that he is turning his fund into a family office, returning just under $1 billion of his $25.5 billion assets to outside investors--dodging Dodd-Frank's registration mandate"

Forbes http://www.forbes.com/profile/george-soros/

[-] 0 points by fireofenergy (8) from Big Bear City, CA 3 years ago

We need to slap a heavy trade tariff on corporations that hire overseas... That's just part of the solution!

[-] 1 points by ddiggs690 (277) 3 years ago

Honestly, protective tariffs have always bred corruption, even violence at times, and the additional costs of guarding our ports to search the imported goods nearly offsets the increased revenue from the tariff. Tariffs always have a noble cause but never produce the intended results.

[-] 1 points by fireofenergy (8) from Big Bear City, CA 3 years ago

Thanks, didn't realize it would require a search... I guess we are headed for something entirely new, wish it could be good.

[-] 1 points by Steve15 (385) 3 years ago

They have three new trade agreements in the works as we type

[-] 0 points by justhefacts (1275) 3 years ago

WRONG. Check your facts! http://www.forbes.com/forbes-400/list/

Forbes just printed it's annual list of the 400 Wealthiest People in America. THE ACTUAL 1% by name and by how they made their fortunes. You'll notice a strange LACK of Bankers and CEO's of Banks!!!

So ask yourselves WHY your "organizers" chose to divert all this attention to Wall Street when Wall Street is barely represented in the 1%???? Ask yourselves why George Soros approved of you attacking Wall Street instead of him? He's #7 on the list!!!

[-] 1 points by MiMi1026 (937) from Springfield, VA 3 years ago

Wallstreet works for the 1% and them only. Wallstreet supports the 1% ! Wallstreet is part of the 1%.

Hence the reason why the 99% has directed its attention to Wallstreet...they robbed the USTreasury for their own greed and profit. They bought and paid for the politicians in office.

A march on the Capitol is not to far behind. WeThePeople will not have our voices silenced any longer!

[-] 1 points by justhefacts (1275) 3 years ago

If WallStreet works for the 1%-then they are EMPLOYED by the 1%. The 1% are in charge. And yet here you are attacking those who are simply the tools of the 1%.

And some of those 1% are VERY happy that you are content to attack their tools rather than THEM. You can attack and crush and vilify their system and they'll be completely off the hook won't they?

[-] 1 points by 86aynrand (72) 3 years ago

When George Soros is mentioned I know you're a FAUX puppet. Soros has given $$$$ in philanthropy and is a supporter of taxing the rich.

You wanna pick on Gates next? Wall St. and bankers were the crooks and gamblers who were the top villains in this mass rip off, along with many others - even your poster boy Rupert Murdoch - but please, educate yourself before trying to educate us.

[-] 1 points by justhefacts (1275) 3 years ago

YOU are the puppets here. READ THE DAMN LIST. Forget I mentioned Soros at all. Just READ THE LIST.

And then explain to me WHY all those "evil rich bankers" who "stole all the money from the American people" aren't even in the top 40% of that list of the actual 1% you're targeting.

[-] 1 points by 86aynrand (72) 3 years ago

You just aren't seeing the big picture - 1% of Americans are skating while 99% are losing their way of life. The Bank and Wall St. bailout is a symbol of the rich getting away with stealing peoples very lives and not only getting away with it - getting bailed out to save their butts then getting bonuses for screwing the people who bailed them out! The big FU instead of TY. I read some post somewhere and it said " it's like going into a burning building saving this rich guy's life by carrying him out, losing an arm saving him and now you can't make a living anymore and he thanks you by kicking you in the nuts".

Corporations are Wall St. and Banks - and now thanks to Citizen's United, they are also people. Well guess what... they are the very richest people who want to take every last dime we have. They are one and the same.

They want to end minimum wage, demolish SS and medicare, crush the unions which are people too, only they're not rich. They're firefighters, police, teachers, nurses, garbage collectors - are you with me Einstein? They can't afford fat lobbyists so they give part of their hard earned sweat equity to their union to give voice to the small guy - the people. Why do you think the GOP wants to kill unions? Do you honestly believe labor got us into this great recession or are you smart enough to realize it had to have come from higher up?

You go read something that isn't published by the rightwingnuts. Stop drinking the Tea, bagger.

[-] 1 points by justhefacts (1275) 3 years ago

I read EVERYTHING you idiot, including the stuff you are AFRAID to read.

http://www.nytimes.com/packages/html/national/200904_CREDITCRISIS/recipients.html

Here's an accredited source with an article tracking the $700 Billion Bailout.

You might want to look into how much some of those union bosses are making. Seems like the laborers are getting ripped by their 1% too.

http://www.ibtimes.com/articles/118623/20110303/unions.htm#page1

Here's the first 3 of ten.

National Education Association (NEA)

NEA represents most of the country’s teachers. Its president, Dennis Van Roekel, received $397,721 in salary and benefits. (By comparison, public school teachers were paid a national average of $54,319). NEA spent $3.7 million on political campaigns in the last election cycle, of that, 98 percent went to Democratic candidates.

United Food & Commercial Workers (UFCW)

UFCW’s members work in meatpacking, food processing and retail grocery stores. Its president, Joseph T. Hansen, received $360,737 in pay and benefits in 2009. Ninety-nine percent of the $1.9 million the union has contributed to political candidates over the past two years went to Democrats. In 2004, members criticized the union’s leadership for paying outgoing president Douglas Dority $709,000.

American Federation of State, County and Municipal Employees

One of the few unions in the country that is seeing rapid growth in membership AFSCME is the pre-eminent union for public sector workers. Its long-time president Gerald McEntee received $479,328 in salary and benefits in 2009. Over the past two years, the union donated $2.3 million to Democratic candidates and $13,000 to Republicans.

[-] 0 points by genX4genY (5) 3 years ago

ideas like these should be put on a list to fine tune in near future, id like to get my $200k back from social security that i wouldnt even want any intrest just my investment.