How much would America's economy improve if they could liquidate the 10-20 excess trillion dollars from their useless...

How much would America's economy improve if they could liquidate the 10-20 excess trillion dollars from their useless celebrities?

How much would their entertainment/art industry (~130 billion industry) and information industry (~1200 billion industry) suffer if people like Miley Cyrus had her wealth cut by 90% to just measly 16 million dollars? Would Americans motivation towards arts and such be devastated?

Stupid Americunts. Yet another example showing how you have zero control on your economy.

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Sure thing ahmed.

There was a video I saw where if you took all the wealth of all the celebrities and rich peoples making over 1 million dollars it wouldn’t pay for the federal government for a year

This is why communism fails

There aren’t nearly as many rich as commies and poor people tend to expect so their accumulated wealth gets used up pretty quick

Economy flourishing.
Over 1 trillion of debt cut in 6 months.
Fucking Europoors

4 days in but this is the best post of the month

It would pay it for 12 years actually.

In USA, people who make over 1 million dollars own 45 trillion dollars. 2017 federal budget is approx around 3,5 trillion.

But ripping off the rich is not what I'm suggesting at all. I'm questioning the existing immaterial rights, for example, how a 3 minute song you performed can net you 10 million dollars a year; more than the lifetime salary of 6 engineers with masters degree.

>economy flourishing
>trillion debt cut in 6 months

Amazing economic indicators there, Amerifat.

But I have to agree that your economy is going pretty strong now. Trump is a great president.

lol wut nigger? you're a subversive communist who is merely pointing to a common enemy of right wingers as a sneaky little trick.

i think she is an utter degenerate, but goddammit i will defend her right to be because some people really like the bitch or else she wouldn't have made so much cash. who are we to take? go make some money yourself, fag

>gdp of the earth is 75 trillion
> a few million rich people In the us own 45 trillion

Where did you get your umbers faggot ?

The rich in the us do not own more than 2x our gdp

celebrities create jobs through production of art that involves venues, production, accounting, distribution, fashion, etc. so no.

>The best solution is to take money away from people I don't like because they don't deserve it
ofc the dumb euro doesn't understand how the free market works at all.. classic socialist/"communist" knowledge of modern capitalism

>inb4 reply with ad hominem

he cut 112bn
so i guess the 70m in golf trips is a decent reward

it takes only 2 generations to squander wealth like that.

the other day I was thinking about how ridiculous it is that celebrities give themselves so many awards like they're deserving of it.

KEK... if you can trigger a repossession of wealth from leftist celebrities to their nigger followers/supporters.. both groups would be red pilled real quick.

Wealth is not same as GDP, and GDP isn't same as income, and income doesnt linearly accumulate wealth. Three different concepts (wealth, gdp, income), 3 different relations (gdp to income, income to wealth, wealth to gdp), all revolving around the same unit which is 'amount of money'.

Source of numbers:
Credit Suisse Global Wealth Databook 2016
credit-suisse.com/corporate/en/research/research-institute/publications.html

More jobs would be created were the entertainment industry not restricted by immaterial rights and "free marketing".

Besides, you are missing important point. To majority of people, it doesn't matter how large an industry is, but rather, what is their share of that industry. For example, when music industry grows by 10%, it doesn't mean wages in labors relating to venues, production, accounting, etc grow by 10%.

Golf trip can't cost 70 million dollars you retard. Learn to think with your own brain.

It would be a great help, everyone can make a difference. Just boycott their goods.
Every little bit counts.
Many hands make light work.

Oh so we liquidate the assets estimated at 45 trillion

But you won’t get that when you flood the market because who is buying the assets OF MULTI MILLIONAIRES WHEN YOU JUST TOOK ALL OF THEIR FUCKING ASSETS

You pants on head retarded fuck

Wrong. We don't liquidate anything as in "I'm going to take your money away now."

More like "I'm going to tax your income and wealth harder and reduce your rights to your immaterial property so over the years your income and wealth will diminish".

The following won't be applied to invested capital either, so the number isn't 45 trillion either. More like 10-20 trillion. Corporate owners and producers need not worry.

The money will end up in government and in reduced costs at producer level (competition decreases).

Hollywood and Silicon Valley are not American culture or institutions. They're artificial foreign entities that latched onto the new communication technology that was being developed there. It's a circle of just a few hundred people from around the world. The fact that they usually use Americans is purely a coincidence of geography.

>ywn live in a world where American culture is in small music groups and local theaters and community productions, not multimillionaire celebrities diluting the culture with their contextless trash

Or how about you don’t take it because it doesn’t fucking belong to you?

Poor argument. Are you saying that King owns the land if he can use his army to take everything as his own?

Let's review the word "ownership". Nothing is being "taken" away from you when government taxes you. You have made a contract with the government that all your income and wealth is taxable according to law. You have also made a contract that laws can be changed with specific processes.

If law changes and government ends up taking your money, it's a legal exchange to which you have given your consent.

>Let's review the word "ownership". Nothing is being "taken" away from you when government taxes you.

Yes money is being taken from me and if I d My have the cash I have to sell something or go on a payment plan or get fined etc.

>You have made a contract with the government that all your income and wealth is taxable according to law.

No I did not

>You have also made a contract that laws can be changed with specific processes.

I also didn’t do that

People like you deserve to be garrotted last.

they're usually given awards in artistic fields....and art and the celebrity world are---for better and worse---the same.

the fuck should anyone else get those awards? dumb ass mothafucka

it's the number of awards that's ridiculous and a lot of their "art" is sub par shit.

>liquidate the 10-20 excess trillion dollars from their useless celebrities?
GET OUT
sage

Pumping money into the economy doesn't improve the economy, it doesn't create any more capital goods and services. All it does is induce people to consume more for a short time, and over-consumption is what makes an economy poorer.

You are not made poorer by someone else being rich you fucking leftist.

>'amount of money'.
Wealth has nothing to do with money. Wealth is just spending power. Money has nothing to do with spending power. Wages have nothing to do with spending power. GDP has nothing to do with spending power.

The only thing that matters is how much stuff is in the economy. More stuff means less rationing so more spending power. Free markets always outperform unfree markets in terms of stuff. Thus, not infringing on property rights always brings about a good economy.

Are you a citizen of the US?

If yes, see
uscis.gov/citizenship/learners/citizenship-rights-and-responsibilities

Here is your responsibilities you have agreed to. It is the official site maintained by Department of Homeland Security of the US.

If you are not a citizen of the US and your residence is in US illegally, you are correct in that you have not agreed to such contracts. If US finds out, they will use force (or violence) to escort you out of the country, or place you in a prison or political asylum.

Or if you are an immigrant or traveler, you have agreed to a set of rules at the border control. Otherwise they wouldn't have given you a legal pass to the country.

That's how it works.

>contractually obligates

I never signed nor agreed to any contract especially not with a department that was created when I was in high school

I’d like you to show proof of my agreement

Macroeconomically there's no other measure of value than money.

Wealth connects two ideas: ownership and value. Any value can be measured in dollars. If not directly, then through others exchanges the economy produces or consumes. For example, you can't place a monetary value on "free time", but you can express the statistics in the choice Americans make between free time and work time, giving it monetary value.

Wealth, spending power, purchasing power, money, wages, GDP, "how much stuff is in the economy", "less rationing", "outperform", "terms of stuff", "property rights", "good economy" are all defined exactly and completely by a function of monetary value over time. Macro-economically that is.

There's no other macroeconomic models that can give any relevant constrictions on rational behavior, other than assuming money is prevalent and directed.

Here we go into the law terminology of contract. There are so many types of contract that you are not even aware of them.

The traditional, what you have in mind, is someone brings you a piece of paper and you write your name on it. That's formal (both parties are conscious of it ) + symmetric (same for both or all parties involved) + certified (there's the piece of paper and witnesses).

Then there's the informal verbal contract. If you say to your friend Bort "Let me borrow your bike and I'll return it tomorrow morning" in front of witnesses, you will be held liable for your words.

"You should've known" -contract. You will be held liable for your actions if you eat an apple from store. Even though no visible contract has been made, "you should've known" stealing apple is wrong.

"Valid unless negated". Assumed that everyone follows the contract, unless someone specifically says that they opt out of it.

etc etc

So as you might see, you make tens of contracts everyday of varying strength. You were born into citizenship-contract, and live in it until you negate your rights to it.