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How to End the National Debt in One Day

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Uploaded by on Oct 28, 2010

This video shows how the United States could pay off the entire national debt in one day with a one-time tax on only the richest 1% of Americans. Then the video shows what could be accomplished using only the money saved on paying interest on the national debt.

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News & Politics

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  • likes, 12 dislikes

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  • Go here: (web) babylontoday(dot)com/national_­debt_clock.htm

  • This doesn't make sense. First of all that is money saved over time. What right would anybody have to take savings. Second, even if the top 1% were taxed at 50% that would still only be around 800 billion. Our debt increased twice that, 1.65 trillion, in 2010. Probably a lot more last year. So even a 50% tax wouldn't touch it. And besides, the debt is now over 15 trillion. We are so screwed.

  • Sorry but spending got us to where we are today and the only way to get rid of the debt and deficits in cutting.

  • We are not a Communist Country yet. NO, CAN DO.

  • @secondsun24

    Yeah, "some" of them. The typical american dream, start from scrap and get to the top. Its mostly a dream tough, the class in which you start is a MAJOR factor in your future. Those in the top 1% (but the real problem actually is the top 0.1%) just got lucky. I dount dobt most are honest and hardworking, but that doesnt justify the huge wealth difference. Now, in hard times when are the poorest to be crushed (welfare cuts) its not unreasonable to ask something back.

  • @Origami84 Growing rich isn't complicated, it's difficult. It's hard to have the discipline required to make it work, but the concepts of wealth are very simple. Of course, that doesn't fit with the either the socialist's or the communist's agenda, so information like that is conveniently left out of the conversation.

  • @Origami84 Uh... how do you think some of those rich people got that way? It wasn't by accident. The ones who grew rich from a company they started worked very hard and, yes, some of them were the "2-jobs-night-school-type" of people.

    Also, did you realize that you can grow into a millionaire with as little as $2,000/year? If you worked a second job and only netted $2/hour and put all of it towards investing in the proper vehicle, starting in your 20's, you could retire as a millionaire.

  • @pewtoobe "if you keep making the rich poor" HAHAHAHA i had a good laugh at that one. you're really funny

  • Why not just TAX the Federal Government and it's Credit Card issuer the Federal Reserve? They're the ones racking up the debt redistributing wealth to the worthless, not the rich. The rich already pay over 2/3rds of ALL the taxes, if you keep making the rich poor who will you tax then? End the FED, End the Debt.

  • In a world with limited resources, what is "yours" can not be of the others, no matter how hard they work. There cant be limitless millionaires, you know? You can be an hard-working honest person, and still be payed minimum wage all your life.

    Beside, we are not talking here about hyper-taxing the middle class, the "2-jobs-night-school-type" but the hyper-rich. Those with so much money that they cant spend it even with ridicolous life styles. I just dont see this video's proposal as wrong -.-

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