Born Rich, the 1% and Peter Schiff

Peter Schiff, the "1%" addressing a crowd:
http://www.youtube.com/watch?v=SPR4vJYlrpc

"Born Rich"
http://video.google.com/videoplay?docid=7457140802142500840#

Category:

News & Politics

Tags:

• Peter
• Schiff
• Born
• Rich
• Solaris
• Catherine
• Austin
• Fitts

[thesonybluray]

Just thought I would mention that I just watched some Schiff videos, and then searched for the Born Rich Documentary and found this video...

[silverfuturist]

@thesonybluray Thanks for letting me know how you found it!

[marboification]

@silverfuturist and @jackieochannel The 99% also consists of the "takers" and "givers", just like the 1%. You two are definitely among the givers and I thank you for what you do the help educate the 99%.

[cketterl78]

@kckmkq At first it sounded like a nice idea but I think a free market will find proper use for the inherited money more naturally. If you win 600 billion dollars, earned or not, do you really want the government deciding where that money goes? They've proven over and over again that they are horrible investors. I'd rather let the inheritor piss it away, or surprise, maybe act responsibly with it, than let the government use it to bail our another crony, or use it for artificial stimulus. pop!

[orenofhowick]

If you're in the financial industry chances are you're not adding value. The only value added is helping lenders find borrowers, and yet the financial industry is more than 20% of GDP.

The financial industry is parasitical.

[ashtavideo]

5 minutes talking and nothing serious....just blabla bla bla. Theater.

[indignant99]

@TheBrendanxyz Worth 50 million... what? Air-puffs? Its worth is... ONE TONNE OF GOLD.

[robertc190]

Drugs are bad MMMMMK

You are fucked up!

[kckmkq]

At least you guys are thinking!! The 1% thing has anyone started to compile a list of worthy 1% or unworthy. Probably not. However the problem is in this upper echelon

[kckmkq]

If wealth was not inherited would that not mean that you the capitalist would want to make a world with laws and rules where people without anything have a chance to climb the ladder? I.e. your children and grandchildren. How about make it so there is a flat 33% tax on inherited wealth no exceptions with trusts and sophisticated accounting. This means if my dad made 600billiion I get 400billion. If in my life time I can't turn that into more then subsequent division gives 265billion etc.

[kckmkq]

I think there should be limits on how much capital people can accumulate. Steve Jobs, Bill Gates, Oprah Winfrey, Bill Clinton all of the 1% maximum you can have in capital is some percentage of GDP maximum income you can earn is some percentage of GDP. The rest has to circulate.