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Forum Post: Where Does Ryan Get His Numbers?

Posted 10 years ago on Sept. 6, 2012, 7:47 p.m. EST by agkaiser (2516) from Fredericksburg, TX
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To do good arithmetic you need honest numbers. The census bureau and bls are a good place to start. The Levy institute will show that the net worth [equity and property free and clear] of all Americans is over 50 Trillion. It was 48T in 2004 and 1% of the people owned more than a third on it. The next 9% had more than 17T. $10.94 trillion was in excess of the first $5M each owned by top 0.999% of American Households. So if we had taxed all Americans (“rich and poor alike, every single penny”) for 100% of their property and everyone got the same $5 Million deduction, we'd have raised $10.94 T when the debt was quite a bit lower than the $15T it is today. And the rich assholes would still have $5M each. Ask Paul Ryan to back up his numbers.

“Working Paper No. 502” Edward N. Wolff, 2004 www.levyinstitute.org/pubs/wp_502.pdf


Read more facts: “How Does That Work?” https://www.createspace.com/3852916



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[-] 2 points by agkaiser (2516) from Fredericksburg, TX 10 years ago

Some people have too little money. Some have too much. Instead of borrowing from those with too much and paying interest, tax them for it and the interest on the existing debt. Then we can tax them for the principal and instead of borrowing ever again, tax them some more. When the rich have been taxed out of existence, we can consider other ways to get the money we need to live. It will be a while before that becomes a problem.

[-] 1 points by TheRazor (-329) 10 years ago

Back up what numbers? Whats Ryan have to do with this?

[-] 1 points by agkaiser (2516) from Fredericksburg, TX 10 years ago

[-] 0 points by MattLHolck (11808) 0 minutes ago

where are the numbers suggesting either party has momentum ?</i>

What do party momentum numbers have to do with the concentration of wealth that threatens our existence?

[-] 0 points by TrevorMnemonic (5827) 10 years ago

he gets the numbers from his ass

I'm surprised I'm the first person to comment with that answer to the question in the title.

[-] 0 points by MattLHolck (16833) from San Diego, CA 10 years ago

where are the numbers suggesting either party has momentum ?