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What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars

 
Anonymous Coward
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06/28/2008 04:12 PM
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What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
?

World Peace ?

?
Anonymous Coward
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China
06/28/2008 04:32 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
No business no jobs back to agriculture based living.

World peace hell no it would cause people/countries to start fighting over agricultural land.

It would be more like Whirled Peas!
Anonymous Coward
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Puerto Rico
06/28/2008 04:37 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I've always thought that a CEO or any executive should make maximum 100 times the lowest paid person in the company, regardless of where that person is located in respect to the main office.

This would distribute the wealth a little better too. There is no way you can say that one person's work is worth more than 100 times another, especially in regards to production.
Anonymous Coward
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06/28/2008 04:43 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I've always thought that a CEO or any executive should make maximum 100 times the lowest paid person in the company, regardless of where that person is located in respect to the main office.

This would distribute the wealth a little better too. There is no way you can say that one person's work is worth more than 100 times another, especially in regards to production.
 Quoting: Anonymous Coward 459659



Bullshit.

What if that CEO or owner employs 50 people or 100 or 1000?

Ownership. Try looking into it.


Put caps on my earnings, and I'll fire everyone and move to where I'm appreciated.
Anonymous Coward
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06/28/2008 04:46 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I've always thought that a CEO or any executive should make maximum 100 times the lowest paid person in the company, regardless of where that person is located in respect to the main office.

This would distribute the wealth a little better too. There is no way you can say that one person's work is worth more than 100 times another, especially in regards to production.



Bullshit.

What if that CEO or owner employs 50 people or 100 or 1000?

Ownership. Try looking into it.


Put caps on my earnings, and I'll fire everyone and move to where I'm appreciated.
 Quoting: Anonymous Coward 459800


where ARE money grubbing assholes appreciated?
Anonymous Coward
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06/28/2008 04:52 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Then that money would be put to good use. The problem is not having more than 1 million dollars, it's when people hoard it.

Bill Gates, and I'm not trying to bash him, I mean he is philanthropic with his wealth.

But take for instance Bill Gates, they need to spend as much as they can, all of them. Their should be no laws preventing them from having a certain amount of wealth.

BUT THEY SHOULD BE REQUIRED TO SPEND A CERTAIN PERCENTAGE OF THAT WEALTH EACH YEAR.

To stimulate jobs, economy, etc.
Anonymous Coward
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Russian Federation
06/28/2008 04:56 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I would have to give up eating caviar and my six houses.
Anonymous Coward
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United States
06/28/2008 04:58 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
A million don't go too far nowadays....I got 2 mil for retirement and its barely adequate...
Anonymous Coward
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Romania
06/28/2008 04:59 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
my question is: what do you really need more than one million bucks for?

there should be no such limit imposed. if the common sense is not working... it's no good.
and if common sense tells you that you need $10 billion to be happy, then it's game over.
Anonymous Coward
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06/28/2008 04:59 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
A million don't go too far nowadays....I got 2 mil for retirement and its barely adequate...
 Quoting: Anonymous Coward 317540


I hear ya. You have my deepest sympathy.
Anonymous Coward
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United Kingdom
06/28/2008 05:01 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
the money system is a pointless and primitive system that has zero basis. it develops us in negative ways and means nothing. because it was started thats wot we have now. A world without money is what we need to aim for...in my opinion :-)
Anonymous Coward
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06/28/2008 05:01 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
See, its a nice thought ... but Federal Reserve Notes are not money and they are not dollars by law.

They are mere promises to pay, its a promissory note.

You can stack a million 'dollars' when the United States fulfills its promise (it never will since 1933)
Anonymous Coward
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06/28/2008 05:03 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
No business no jobs back to agriculture based living.

World peace hell no it would cause people/countries to start fighting over agricultural land.

It would be more like Whirled Peas!
 Quoting: Anonymous Coward 379852


what are you talkin about ? it is massive personal wealth that causes others too feel pinch ? another reason why glp is proven as an idiot site . i cannot wait for the apocolipse to happen , idiots like you will realise your idiotic answers
Anonymous Coward
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06/28/2008 05:14 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
A car would cost half a 1/4 of a mill a house would cost 1/4 mill food would cost 1/4 mil and gas would cost 1/4

Your pay at work would be 1.0 mil dollars a month.
Anonymous Coward
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06/28/2008 05:16 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Western banking needs serious reform. Fractional reserve banking needs to be outlawed. Bill Gates actually produced a product and sold it. Leave him alone.
The problem is with the banksters who create wealth from nothing and then loan that imaginary wealth to you for massive interest times ten. True parasites that contribute nothing, sucking the life blood from the world.
Apocalypse Troll
Trollicus Apocalyptus

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06/28/2008 05:23 PM

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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Holy Shit!

This is the USA where capitalism rules. What would happen is panic, famine, and general societal collapse.

You know, economic disaster. If you cap everyone's personal wealth at 1M, what possible impetus does anyone have to start a business? Then, the econmoy stops and no more wages.

Wow! Time warp to: <insert any socialist/leftist regime in history here.>

If your myopic worldview cannot see yourself having more than 1 million dollars, you never will. If your socialist view thinks I should not have more than 1 million dollars...


Come try to take it...


It will be defended by several Individuals holding, ahem, mostly non-military weapons protected by my Bill Of Rights under my Constitution that has finally gotten some balls back.



What a fucktard.
attxflag
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Anonymous Coward
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06/28/2008 05:30 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I've always thought that a CEO or any executive should make maximum 100 times the lowest paid person in the company, regardless of where that person is located in respect to the main office.

This would distribute the wealth a little better too. There is no way you can say that one person's work is worth more than 100 times another, especially in regards to production.



Bullshit.

What if that CEO or owner employs 50 people or 100 or 1000?

Ownership. Try looking into it.


Put caps on my earnings, and I'll fire everyone and move to where I'm appreciated.
 Quoting: Anonymous Coward 459800



Spoken like a true globalist traitor. Please leave the country now. May you die in a plague.
Anonymous Coward
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06/28/2008 05:30 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Are u fukin kidding???? i will never give up my money And be limited to 1 mil... u probAbly just posted this cuz ur not quite there yet
Anonymous Coward
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06/28/2008 05:32 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Spoken like a true globalist traitor. Please leave the country now. May you die in a plague.
 Quoting: Anonymous Coward 308927

SPoken like A Broke person who doesnt know 1 mil
Anonymous Coward
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06/28/2008 05:53 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
What would happen is that no one would have the milllions of dollars needed to invest in infrastructure that makes people more productive. Which would make us all poorer, since wealth isn't dollars, but the amount of goods and services that can be bought with those dollars. If no one is producing much, then everyone is poor because there isn't enough of things at any price.

And to that person that said they should spend some percentage each year, that is the opposite of what they should do. Every item they buy and take out of the market for personal use is one less thing available to the rest of us. Fortunately, consumption doesn't grow linearly with wealth, otherwise Bill Gates would have purchased every car in the country for himself, and left us with nothing.

Any money not spent on personal items is spent on investments, which ultimately is invested in capital goods that improve productivity. Which ultimately makes more goods and services available to everyone, rich and poor.
Anonymous Coward
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06/28/2008 06:00 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Send me a million dollars and I'll let you know whether or not I can survive on it. ;)
Canadian Cold Front
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06/28/2008 06:09 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Holy Shit!

This is the USA where capitalism rules. What would happen is panic, famine, and general societal collapse.

You know, economic disaster. If you cap everyone's personal wealth at 1M, what possible impetus does anyone have to start a business? Then, the econmoy stops and no more wages.

Wow! Time warp to: <insert any socialist/leftist regime in history here.>

If your myopic worldview cannot see yourself having more than 1 million dollars, you never will. If your socialist view thinks I should not have more than 1 million dollars...


Come try to take it...


It will be defended by several Individuals holding, ahem, mostly non-military weapons protected by my Bill Of Rights under my Constitution that has finally gotten some balls back.



What a fucktard.
 Quoting: Apocalypse Troll


The USA : Capitalism is definitely NOT working. What IS happening is panic, famine and general societal collapse.

We ARE in the beginning stages of you know, economic disaster...

Impetus to start a business? How about eating? Is that good motivation? Feeding your children?

My myopic world view CAN see myself with 1$ mill, but my reasoning brain tells me that there is little chance.

Defending the American LAWS, enacted by Bushco, is blindly following the propaganda. Socialism is NOT a dirty word (esp. as regards universal health care), neither is COOPERATION.

I don't think ANYONE should own OBSCENE amounts of money, property, power, etc. It corrupts people.

We are human, and as humans we need to make better choices about how society is run. Why is there an obscenely rich class when so many are homeless, or about to be?

If something doesn't happen soon in the US, to redress the imbalance of 'captured wealth'. Then what you have is the basis of the French and Russian Revolutions. The Very Rich who don't give a shit about the Very Poor.

Try to come and take your money? Why? it is nearly worthless.

Kindness, generousity, cooperation, responsiblity....these don't get much play in the dog eat dog world.

Here's where we agree :

What a fucktard.
Anonymous Coward
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Germany
06/28/2008 06:23 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
I agree 100% with the OP
funny , this is also one of my ideas as well...
personal wealth capped at 1 million.
except I would make it 1 million a year,,,,,,,

if you can`t enjoy life to the fullest with that ..
then you have no concept of LIFE and what it is
really about...
SHARE THE WEALTH

there are so many that do not have the means ,skills
or the drive to make that kind of cash..

should they live their lives in need???

NO WAY BOB

they should still be allowed to enjoy the things in life
that only the rich can enjoy.

there are those that CAN...
and those who can`t.....

just pretend they are your family..
your proud to support your family....yes?

well........ SPREAD THE WEALTH.......

CAUSE WILL ARE ALL FAMILY
Anonymous Coward
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06/28/2008 06:38 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
lol ,.. an earnings cap on the greed capital of the world?? lol not likely.
Anonymous Coward
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06/28/2008 06:39 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
No business no jobs back to agriculture based living.

World peace hell no it would cause people/countries to start fighting over agricultural land.

It would be more like Whirled Peas!
 Quoting: Anonymous Coward 379852


If people are ignorant dumb fucks like you, indeed, there would be no jobs because they wouldn't understand how to organize a business without their rich God King telling them what to do...

I don't need a rich God King to tell me how to make products.
Anonymous Coward
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06/28/2008 06:40 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Bullshit.

What if that CEO or owner employs 50 people or 100 or 1000?

Ownership. Try looking into it.


Put caps on my earnings, and I'll fire everyone and move to where I'm appreciated.
 Quoting: Anonymous Coward 459800


You are what is wrong with the world... greed is what is wrong with the world.

You must steel money anything over about 300 to 400 grand per year. It is steeling, always has been.

Don't believe me? Let's have all the employees vote whether they think the CEO should be the 10 million dollar bonus or if that money should be disbrituted to the employees in a non-equal way, because people are not equal. The best people get the best bonus.
Anonymous Coward
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06/28/2008 06:43 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
A million don't go too far nowadays....I got 2 mil for retirement and its barely adequate...
 Quoting: Anonymous Coward 317540


The economy would be much more rational if there were a fair earnings cap to prevent greedy insane psychopathic humans from steeling endless cash using the "business system" which allows them to enslave others by directly the flow of that mass of money.

You would be able to buy much more for that million compared to today.
Anonymous Coward
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United States
06/28/2008 06:44 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
the money system is a pointless and primitive system that has zero basis. it develops us in negative ways and means nothing. because it was started thats wot we have now. A world without money is what we need to aim for...in my opinion :-)
 Quoting: Anonymous Coward 459806


Having something that represents the work you have done does help people trade goods, but how it has been implemented today is completely corrupt.
Anonymous Coward
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06/28/2008 06:44 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
Then that money would be put to good use. The problem is not having more than 1 million dollars, it's when people hoard it.

Bill Gates, and I'm not trying to bash him, I mean he is philanthropic with his wealth.

But take for instance Bill Gates, they need to spend as much as they can, all of them. Their should be no laws preventing them from having a certain amount of wealth.

BUT THEY SHOULD BE REQUIRED TO SPEND A CERTAIN PERCENTAGE OF THAT WEALTH EACH YEAR.

To stimulate jobs, economy, etc.
 Quoting: King Neptune



It's called TAXES!!!!
Anonymous Coward
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06/28/2008 06:48 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
What would happen is that no one would have the milllions of dollars needed to invest in infrastructure that makes people more productive. Which would make us all poorer, since wealth isn't dollars, but the amount of goods and services that can be bought with those dollars. If no one is producing much, then everyone is poor because there isn't enough of things at any price.

And to that person that said they should spend some percentage each year, that is the opposite of what they should do. Every item they buy and take out of the market for personal use is one less thing available to the rest of us. Fortunately, consumption doesn't grow linearly with wealth, otherwise Bill Gates would have purchased every car in the country for himself, and left us with nothing.

Any money not spent on personal items is spent on investments, which ultimately is invested in capital goods that improve productivity. Which ultimately makes more goods and services available to everyone, rich and poor.
 Quoting: Anonymous Coward 457199


People can organize themselves into action - really they can.

We are all enslaved to think that we can't and that we must have some rich guy fund efforts.

The money system as implemented today is insane and must be destroyed by all means necessary. All at the top who have perpetrated this crime against humanity must be publicly executed.
NeoFistOfTheGolgoNinj​a

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06/28/2008 07:03 PM
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Re: What Would Happen If The Maxiumum Amount of Personal Wealth A Person Was Allowed To Possess Was Limited To 1 Million Dollars
?

World Peace ?

?
 Quoting: Anonymous Coward 359752

More likely, a handful of people in "authority" would control the vast majority of the "wealth".........probably "fascism" is what you would be seeing..........."world peace", that really depends on what you consider "peaceful". If the world was under the control of a "liberal" fascist or fascist(s), to plug the popular book, the world would be in relative peace. No war, limited poverty, limited crime, no liberty. People often forget that the biggest cost of "freedom" is not "blood", it is taking on the responsibility of yourself and your neighbor to keep you government limited, in the hands of the masses and protected from others who would attempt to steal your prosperity. Democracy takes work, and a lot of it. With a fascism, they government tells you what to do, and how to live and what to eat, and when to sleep. When it is "liberal". It will even allow some "personal freedoms" under the guise of "liberty". With a fascism, the people really only have to worry about their families. So many of you act like "freedom" and "liberty" are so precious, and perhaps they are. Yet most of you, including myself, are not willing to sacrifice and work for them. You have to on top of it, pretty constantly. It is the nature of man to want absolute control. They will always fight for it. They always have. The irony of it all, is that many of the special interest groups that are for more "freedom" are blindly leading their followers into servitude.
Example 1:
Religious group, through the courts, forces their state school to require several religion course to graduate high school. People get wind of this and demand that it be a proposition on the next ballot. The state agrees. Then the religious group, through the courts, forces their state to remove the proposition from the ballot. Now it is "law" to require several religion course for high school graduation.


Example 2: Homosexual group, through the courst, forces their state to allow homosexual marriage. People get wind of this and demand that it be a proposition on the next ballot. The state agrees. Then the homosexual group, through the courts, forces their stat to remove the proposition from the ballot. Now it is "law" to allow homosexual marriage in that state.

Now in both of these examples, the majority of the state and the country do not agree with forced religious education to graduate or homosexual marriage. But a small minority of organized, well funded for their size groups, through the courts, have their will imposed. One "right" wing and one "left" wing. Most of the masses let these things slide, because they kind of agree, maybe, with what they are doing. Or perhaps they do out of PC or "religious" guilt. Most likely they are just to busy working 50 hours a week, while slamming down tons of "maintenance" medication, struggling to keep their children sane and their spouse from leaving them, and using every other moment to find "entertainment" to forget about the previous.

But then again, what the fuck does a moron, schill, troll, like me know.
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A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government.-- Thomas Jefferson

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