Click to go to other BBHQ pages
  privacy | contact us | FAQ | member services | BBHQ newsletter | this week’s essay | site nav | mobile?

Click here for great pictures, posters & autographs

BBHQ Boomer Essays:

Money 101: Eat the Rich!

Our Boomer-In-Charge at BBHQ, Hershel Chicowitz, writes about boomer memories and current events... from a boomer’s perspective. He is sometimes funny, sometimes provocative, some-
times a little of each. We hope you get a kick out of our Boomer Essays.

You see, we’ve taken all of the profits, all of the salaries, all of the assets, all of the expenses and revenues and holdings of the rich, and We’ve liquidated them. President Obama, meanwhile, is proposing that we spend another $3.6 trillion in 2012. One thousand billion of that is more than we take in. And that assumes 2.6 trillion in revenues. But revenues from what? We’ve destroyed the private capital. We’ve destroyed advertising revenues; We’ve destroyed professional sports. We’ve taken every penny that people have to put into new businesses to pay for things. It’s all gone. We ate the rich. We ate everything they had. And we scraped through... for one year.

Now what?

This essay is available in its entirety to all visitors. Enjoy!

April, 2011:

Those people who deal with facts and the real world -- and I proudly consider myself one of them -- face a continuing struggle against those people who deal in feelings and fantasies and who just make things up to please an eager, gullible constituency. First among such issues is the enormous financial hole which we have dug over the last decade, and particularly over the last two and a half years.

Senator Harry Reid has said that the social security system is in fine shape. International billionaire financier George Soros said that the U.S. can handle considerably more debt. And director, political activist, economist, community organizer, and all 'round very, very big guy Michael Moore has claimed that we're not broke; we have plenty of money.

"America is not broke; not by a long shot. The country is awash in wealth and cash. It's just that's its not in your hands. It has been transferred in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich."

I found a wonderful demonstration at www.declarationentertainment.com that shows how fraudulent this claim is. This essay is based on and uses some of a video there titled "Eat the Rich." Screenwriter, editor, and commentator Bill Whittle has done a great job of slapping some reality into Michael Moore's dangerous fantasy. Michael Moore has just made up stuff to foment class envy, an all-too-common technique employed by the left. There is a great lesson in this.

After you're done here, you should go to www.declarationentertainment.com and watch the full 9-minute video.

So... all that money is in the hands of "the banks and the portfolios of the uber-rich." Let's see. President Obama submitted a budget for fiscal year 2011 calling for the government to spend $3.7 trillion this year. Instead of borrowing from the Chinese, and just printing money, let's take it from the uber-rich. We're going to spend three-point-seven trillion dollars -- that's $10 billion a day for 365 days. Let's go get it!

First, let's take all of the 2010 profits -- 100% -- from the two most evil corporations, Exxon/Mobil and Walmart; every penny! Not just that phony taxable amount; let's take ALL of their ill-gotten profits. After all, they stole it from us. We'll take it back. That gets us $34 billion. That covers federal spending for less than four days.

Not enough, huh? OK, let's take all of the profits from the other 498 Fortune 500 corporations -- ALL the profits. That gets us $357 billion.

Let's see now... who else has stolen our money? Oh, yeah; Tiger Woods, Kobe Bryant and all the other filthy-rich athletes. Let's take all of the salaries of every player in the NFL, NBA, NHL, MLB, PGA, and the worst of the worst, those evil, redneck NASCAR drivers. Oh, and the money spent on advertising for all 45 Superbowls, too. Fourteen-point-four billion.

Not barely enough, huh? OK, we have to widen the net. Let's take all the income from the rich -- you know, Americans making over $250,000 a year. Every penny; all of it. One-point-four trillion dollars.

We're on a roll now. Next: STOP THE WARS! Iraq, Afghanistan... not one more penny. (The war in Libya; that's OK, though.) That saves us $264 billion.

Trashy motion pictures; we don't need no stinkin' movies. Let's take all the revenue from the motion picture industry for the year: $25 billion. And those rich snobs in Beverly Hills; let's evict them and sell their homes. That's our money, you know: $30 billion.

Now, the richest of the rich, Bill Gates and Warren Buffett. What if they were to both slip on a banana peel and drop over dead tomorrow. It's possible: $50 billion between them both. Oh, and the same for the other 398 billionaires in the U.S. Lots of banana peels: $650 billion. Nope; still not enough. Let's kill 'em all and take ALL their wealth, not just the phony 50% taxable. Oh, and the next hundred or so near-billionaires, too: $1,300 billion

No more foreign aid. That saves us $50 billion.

So close, yet so far. It's time for everyone else to pitch in. We need forty dollars from every man, woman and child in the America. Twelve-point-five billion. Finally... that covers it. That provides us with the $10 billion a day to cover President Obama's proposed spending. We did it!

We have taken the money from the banks and the portfolios of the uber-rich, and we have used that money to fund the government for one year. That will cover every social security payment, every welfare transfer, every poverty program, every Medicare and Medicaid payment, the FBI, CIA, and IRS, every school lunch, every federal pap smear and abortion, Planned Parenthood, every subsidy to the CPB, NPR, and PBS, the Head Start program, every federally-sponsored midnight basketball game, every bridge to nowhere every nap for every air traffic controller, every TSA patdown, every flight of Air Force One, every handout in every town, and every salary for every federal government employee... and even all the waste, fraud and abuse... for one year.

Now; here's the important part: what happens next?

What happens next?

You see, we've taken all of the profits, all of the salaries, all of the assets, all of the expenses and revenues and holdings of the rich, and we've liquidated them. President Obama, meanwhile, is proposing that we spend another $3.6 trillion in 2012. One thousand billion of that is more than we take in. And that assumes 2.6 trillion in revenues. But revenues from what? We've destroyed the private capital. We've destroyed advertising revenues; we've destroyed professional sports. We've taken every penny that people have to put into new businesses to pay for things. It's all gone. We ate the rich. We ate everything they had. And we scraped through... for one year.

Now what?

The Last Word

OK, in summary, let's go to the table:

President Obama's proposed spending for 2011: $3,700,000,000,000.

Here is how we can "live within our means," to be able to spend $3.7 trillion. Here's how we can get the money:

Exxon/Mobil profits 34 billion
Fortune 500 profits 357 billion
NFL, NBA, NHL, MLB, PGA salaries 14.4 billion
Americans making over $250,000 1,400 billion
Defund Iraq Afghanistan wars 264 billion
Motion picture revenue and homes 55 billion
Kill the billionaires 1,300 billion
No foreign aid 50 billion
$40 from every American 12.5 billion

That gets us to about $3.7 trillion.

Conclusion:

There are two important conclusions to draw from this:

1. Michael Moore is full of crap. We cannot take from the rich to pay for Obama's profligate spending. The money is just not there. Period.

2. If we try to take enormous amounts of money from those who produce the wealth in our country, we end up killing them; OK, maybe not literally. But by taking their wealth with a confiscatory tax rate, we destroy both the infrastructure which generates the revenue and the incentive for people and businesses to work harder, to be creative, to take risks, to generate revenue.

On the first point, the liberals would probably yield. They do not care about Michael Moore. But they will never understand the second conclusion. They believe that if we take more money from the rich (those earning more than $250,000 a year), they will not change their behavior; that is, they will be just as productive and generate as much revenue as they did before. This is simply not true. At a certain point, you destroy their incentive to produce. And after that, you destroy the entire system.

That is how Barack Obama intends for us to "live within our means."

Eat the rich.

Eat the rich; destroy the country.


BBHQ Membership -- $9 Per Year -- Here's What You'll Get:

  • Access to hundreds of boomer stories about
        boomers, growing up, growing older,
        staying young, staying smart,
        and remembering the good ol' days
  • 18 books in the BBHQ Trivia Library
  • BBHQ’s Name That Tune quizzes
  • Who Said That?
  • What’s in a Number?
  • What’s in a Number? - R&R edition
  • The Name Game
  • The Boomer Movie Quiz
  • A BBHQ Time Capsule Report
  • Unlimited access to lyrics to over 750 songs
  • Search the title and artist of over 4,000 oldies
  • Search 750 song lyrics for a word or phrase
  • Print the boomer verbal collages -
         (Home Page/60s/70s pages)
  • Access to other special features
  • The great comfort of knowing that you
        have helped save us from financial
        disaster. (We are too small to fail.)

 


$9 per year... come on!

All we need here is your name and e-mail address:

First name:     Last name:

E-mail address: Please enter this security

1 year, $9         5 years, $35   (save $10)

                 

We'll send you to PayPal.com to process your payment; then, PayPal will send you back here as a new member. Your payment will go through the secure, encrypted services of PayPal.com, the most trusted Internet payment system.









Click here for great pictures, posters & autographs

If you want a reply from us, include your name
and e-mail address:

(Your message will not get to our staff unless you include your name and e-mail address.
But we will never share your e-mail address with anyone.
Our statement on privacy is here.)

Name:
E-mail:

Hershel's kinda-like-a bio:
 Click here for a quick explanation about the philosophy behind these essays




BBHQ Boomer Stories

essays available
      to everyone

We're Not the Bad
Guys!


 Old Friends Live on Stage (Deluxe Edition) (2 CD/1 DVD)
"Old Friends Live on Stage (Deluxe Edition) (2 CD/1 DVD)," 55 songs: 2 CDs and a DVD from their last concert tour.
Click here to order this great collection.




The Boomer Essays - On Being a Boomer:

The BBHQ Freedom Series

(Mouseover to preview each story)

essays available to everyone

  Declaration of Independence
        What is Says; What it Means

The Boomer Health Care Series
    (Mouseover to preview each story)

The Midlife

Crisis Series

Middle Age &

the Mazdamobile

The Teach, Preach and Nag Series
    (Mouseover to preview each story)




    (Mouseover to preview each story)

essays available to everyone

Hell No; We Won't Go!

    What Will We Do?

    Do Not Go Gentle

The Boomer Money Series
    (Mouseover to preview each story)

The BBHQ Vacation Series
(Mouseover to preview each story)




Please help us by buying stuff through our link to Amazon.com:

Search:   All Products   Books   Videos   Toys   Electronics
        Popular Music   Classical Music  
Amazon.com
Amazon.com... a whole lot more than just books!
Enter keyword(s):
Please check our Library or Video selection, or use this form to buy stuff from Amazon.com. We need all the help we can get! Thanks.

The BBHQ Feature Album is "Old Friends Live on Stage (Deluxe Edition) (2 CD/1 DVD)," by Simon & Garfunkel. If you were fortunate enough to see them in concert in 2003, I do not have to sell you. The concert was terrific! This album collection includes 55 songs, plus their new recording, "Citizen of the Planet," and one of the songs sung by the Everly Brothers during the concert. The DVD was recorded during their concert in Madison Square Garden in 2003. For any S&G fan, this is a must have! But then, you knew that already, didn't you?  Old Friends Live on Stage (Deluxe Edition) (2 CD/1 DVD)

The BBHQ Feature Book is “Bobby Rydell – Teen Idol on the Rocks.” This is a “behind the scenes” story of one of the boomers’ first rock n’ roll stars. Told in the first person, Bobby chronicles his short ride to the pinnacle of fame and fortune, his glide through the 70s and 80s, and how he nearly lost it all. Relax; it has a happy ending. Bobby was (and is) a “normal” Philly guy... with an absolute love of music and an amazing gift. For any fan of early rock n’ roll, it’s a wonderful story. And yes, Bobby Rydell is still on tour, playing to boomer fans all over the world. Click here for a closer look at the book.

  Click to go to other BBHQ pages
  privacy | contact us | FAQ | member services | BBHQ newsletter | this week’s essay | site nav | mobile?










Copyright © 1997-2017, Baby Boomer HeadQuarters - WWW.BBHQ.COM - All rights reserved._
contact the Webmaster