Comment: +1 Great points, Henry.

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Cyril's picture

+1 Great points, Henry.

+1 Great points, Henry.

Not to mention it is a simple arithmetic FACT that EVEN IF they would tax at 100% the so-called 1% ... it would still amount for a tiny fraction of the current U.S. debt's ... INTERESTS ONLY.

People seem to have difficulties to understand that between ranges inclusive of millions USD and a dozen trillion(+) USD ... this is a factor 10,000,000 one is talking about.

Thus, if it were for a 1% of such scale being discussed, it would mean the TOTAL, actively working, wealth creating, and productive population of the USA exceeds ... a billion persons.

1,000,000 * 10,000,000 = 10 trillions,

and 10,000,000 * 100 = 1 billion, indeed.

Ouch. Something doesn't quite add up with a total population of 350+ million persons, does it ?

Or would it be that basic arithmetic is THAT hard to carry out ?

Tell me about some being informed at OWS and their supposedly tenable "fair share" they'd like to impose on a few "to fix" the economy.

Yeah, right.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius