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Millionaires and the Unemployed

"One millionaire who-statistically-has 3.3 million Euros put aside for a rainy day without counting real estate could cover five unemployed..The millionaire could simply pay his unemployed. If we calculate 1000 Euros per month for one unemployed, 12X5X1000 is 60,000 Euros a year. This is the sum that the highest segment of this class save by the lowering of the top tax rate from 48 to 42 percent planned by Mr. Schroeder."
Millionaires and the Unemployed

By Manfred Sohn

[This article originally published in: junge Welt, November 19, 2003 is translated from the German on the World Wide Web,  http://www.jungewelt.de/public_php/drucken_popup.php.]

The reconstruction of the welfare state should be discussed imaginatively, contrary to the dominant media.

The renowned international financial advisor Merrill Lynch pointed out in June 2003 that the number of millionaires in Germany at the end of 2002 grew in a year by 25,000 persons to 755,000. Their concentrated assets have grown altogether and per capita - despite the newcomers. Altogether 2.6 million millionaires live in Europe, more than all Hamburg's population. Their assets are over 8.4 trillion Euros.

This growth rate of wealth will not diminish this year thanks to the policy of the SPD and the CDU. A rough arithmetical calculation could brighten the day.

We start from the four million unemployed and 800,000 millionaires at the end of 2003. Thus one millionaire who - statistically - has 3.3 million Euros put aside for a rainy day without counting real estate could cover five unemployed.

Thinking imaginatively, we could simply abolish unemployment insurance on January 1, 2004. Everyone who has work would keep 50 or 100 Euro more in his or her pocket and businesses also would pay less. Every five unemployed receive a legally enforceable title in the amount of past unemployment benefits in relation to one millionaire. No subsidy wheeling and dealing will be necessary.

The millionaire could simply pay his unemployed. If we calculate 1000 Euro per month for one unemployed, 12 X 5 X 1000 is 60,000 Euro a year. This is the sum that the highest segment of this class, the income millionaires, save by the lowering of the top tax bracket from 48 to 42 percent planned by Mr. Schroeder. Thus the abolition of unemployment insurance wont cost any money for millionaires or anyone else. The wealth remains. This wealth even becomes greater because the 3.3 million yields interest. The wealth doesn't grow as fast as without this redistribution to the millions of unemployed from the millionaires. Even the poorest millionaire, those with only a million Euros, could gain a return of 6 percent on their deposited capital to pay the unemployed. The remaining million should be enough to respectably make ends meet.

Generous millionaires could also pay a Christmas bonus. This could easily be gained from their interests without touching their assets. The unemployed could be shown how the market economy functions in forming a small business. If the business doesn't go bankrupt, these employees could be immediately transferred from the business account into the unemployed transfer account completely un-bureaucratically.

All this could be organized by the employment office, which will have less and less to do over time. The new rising millionaires in Germany could cover the newly arising unemployed. Thus the SPD will reach the goal of the old revolutionary social democracy of abolishing unemployment and simultaneously giving the millionaires a social task in the sense of the modernizers.

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missing 04.Dec.2003 11:04

former clallam resident ntoptic@hotmail.com

i knew levi very well, i was informed of his death by a mutual friend last year. i was more than a little alarmed to find that this "suicide" occured while in custody of clallam county sherrifs department. more alarming yet is that the charges brought against him were from his mother and step-father. i just have to wonder what THEY were thinking. as for the CLALLAM COUNTY sherrifs department, HEAVY HANDED INTERROGATION PRACTICES HAVE BECOME COMMONPLACE. your time will come.... CANNON LEVI MAYNOCK, I WILL SEE YOU ON THE OTHER SIDE. I MISS YOU. mandy toby terry Get ahold of me http://ntoptic@hotmail.com

chumps 04.Dec.2003 11:26

TheTroll

You just stuck another $8 billion into the pockets of rich bankers around the world, and didn't even know it. Democraps and republitrash have given ZIonist crusaders another $9 billion in loan guerantees, which the ZIonists use to pay off the intrest on the loans the bankers made to Zionists. Not the loans, just the intrest. Zionists do not weant to pay back any of the loans. The more of your life's saving invested in ZIonist homes and businesses, the less likely you will be to dump the bloodsoaked crusade and suffer the economic hardships loosing what the bankers sent to Zionists. You are already partialy pidgion holed to continue supporting the bloodsoaked ZIonist Crusader State. That is, if you are rich enough to save some of your cash in a bank for a tiny intrest and not just rich enough to pay taxes so those rich people can get thier tiny intrest and bankers can get $8 billion, the Zionists can capitalize on thier murderous theft of Palestinian lands and the political whores can use your money to buy the religious fanatic Zionist votes.

And the banks do not want the loans paid back either. The more money you worked hard to make invested in Zionist crusade, the more cash they get back in intrest being paid by American tax payers, gueranteed. When the bankers loan money to Americans to build homes, and give construction workers here jobs, or to American businesses in the US, there is a chance that the loan will fail, and the money, to some degree, lost forever. But not when the law makers give the bakers a gueranteed profit ($8 billion this time around, but also on a regular basis) by paying off the Zionist's intrest on the loans made with American cash. And not just American bankers are making a killing from the destruction of palestine. bankers around the world are getting full pockets with your taxes. Or your kids taxes, since the political whores are back into defacit spending.

And the political whores don't give a damn about the American people, just the political support they buy with America's public taxes. When Silicon Valley was laying off tens of thousands of taxpayers, Bush was using thier already collected taxes to make multi-billion dollar contracts with high tech companies of the Zionist Crusader State. Which got thier start stealing American jobs with loans from American banks, which the Americans loosing jobs to the ZIonist crusaders gave the banks for a slight (compared to the rich bankers gueranteed profit) intrest. He even said that it was to bulster the Zionist crusader's economy. When Bush and the monkeys in congress were cutting benafits for active and retired military personel, they were also giving ZIonists an extra $8 billion to stay out of Gulf war 2. "Allies" is what political whores call Zionists. Then where were they stationed in Korea and Vietnam, while Zionists were sending cash to Vietnamese, no less. And in both Gulf wars, Americna taxpayers had to pay the Zionists tribute to stay out of the fighting. Just how are the ZIonist crusaders our allies??? It is obvious how the democrap and republitrash whore politicians are allied to Zionists. They got $40 million in campain cntrabutions in the 2000 election cycle alone. Cinthia Mckinney knows who the Zionists are alliened with. And the Zionists get uncounted $ billions in exchange for that $40 million. Political whores sure aren't very good at making deals with America's public taxes. Uncounted billions I said. America pays the ZIonist's tribute to Egypt and Jordan for appeasing the ZIonist's bloodsoaked crusade in n9ether Egypt nor Jordan, but Palestine. And the nthe Zionists have the nerve to say that because Americans pay the ZIonist's tribute to Egypt and Jordan, that it is right that the Zionists get twice as much. But the $ billions going to Egypt and Jordan as the ZIonists tribute for those countries appeasing the Zionist crusade should be added to the total amount of taxes going to Zionist causes, and not separated for PR perposes. Good God, people. Just how brainwashed has the TV set god made you?