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"De-billionairize" the Planet

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This is one of a series of articles based on the ideas first described in my article,  Time For the Left To Declare Bloody, Ugly War BACK.

 When people grow past seven and a half feet, they live very short lives. Almost all of the largest creatures that have walked the earth are extinct. Whales are threatened too, though totally because of humans. Nature doesn't approve of really big. Matter of fact, it kills or severely handicaps biological anomalies and freaks that become really big. I'm suggesting that we do such a "natural" thing with billionaires-- eliminate their existence and prevent them from developing.

Billionaires are too big. The power they command through their wealth is too dangerous to be allowed in the control of any flawed human. The economic influence they wield produces warps in the capitalist space-time-economic dimension that prevent capitalism from operating  in a free, natural state, as strange attractors change the dynamics in chaotic systems.

We have seen the effects of billionaires like the Koches, Waltons, Mellons, Scaife and Soros on American politics. They spend hundreds of millions influencing the political process.  They are not alone. They do this along with transnational corporations that the Supreme Court has traitorously and perversely given rights of corporate personhood. 

Both Billionaires and the largest corporations must be eliminated, boycotted, civil resistanced and legislated out of existence. 

This is a daunting but not insurmountable task. Of course the 400 plus billionaires in the US will fight this tooth and claw. Forbes  reports   that there a bit over 1000 billionaires world wide, less than 10 percent of them women. We can be certain that most of the 1000 have interests and investments in the US, so we'll see most of them fighting any of the efforts I'm advocating. They'll do it using fake bottom up grassroots front groups, PR charm offensives, and all the tools that the biggest corporations have used to block legislation that helps the middle class by reining in the most powerful-- people and corporations. 

I'm putting this idea out there-- that we should do all we can to eliminate the existence of billionaires, so that a conversation can be started. 

Some will argue that free enterprise needs the hope and possibility that a person can become a billionaire for people to work hard and innovate. I don't believe that it is necessary.  

Think of blood tests. There are healthy ranges for results. Take blood sugar, for example-- too high and you have diabetes, too low and you have low blood sugar and could pass out. Salt, triglycerides, BUN, you name it, there's a healthy range. Why not apply the same idea to wealth. Too much is unhealthy-- maybe not for the possessor, but for society. 

When someone's wealth reaches, say, $100 million he or she should get a warning that his wealth is starting to approach the legally allowed upper limits. At $250 million, the tax on assets, not just income, should start to escalate, so it is impossible to possess more than, say $500 million. I said tax, but instead of the money going to government, the billionaire could also be required to put into place a plan to get rid of the money-- through charity-- contributions to non-profit organizations (yes, this will massively help NGOs) that are not political or economically motivated, or by sharing of equity with workers, preferably a combination of both.  I'm sure other ways could also be added.

We need leaders and lone innovators and we always will, but there is no reason to assume that they need to have the possibility of possessing BILLIONS for them to be motivated to work hard and creatively. One might even consider that those who work strictly to make more and more money may not have the best motives. 

The richest man in the world this year, according to the  Forbes billionaire report ,  Mexico's Carlos Slim Helu, probably passed Bill Gates and Warren Buffet, the previous top billionaires, because they've given billions to charity foundations. Gates and Buffet are moving in the right direction but they haven't gone nearly far enough. I can't imagine any of the billionaires, with an average of $3.5 billion each, being willing to give up the power associated with their wealth. 

This "de-billionairization" of the planet would necessarily have to be done in steps. An easier first step might be to begin with inheritances. Make it a law that no person can be bequeathed or assets worth more than half a billion dollars, or, over the course of a  lifetime, be gifted or bequeathed more than that amount, in total. Make it a law that corporations may not issue stocks or modify stock ownership structuring so anyone owns more than $500 million in sellable shares. That may mean creating a new category of stock ownership so founders and principal shareholders can maintain control of a company without having shares that can be sold. Or maybe the answer is to no longer allow a company that gets that big to exist, or to have so much of a percentage controlled by one person. 

There are all kinds of too big to fail. And perhaps we should also be talking about too big to be allowed to exist, let alone fail. 

I can imagine some critics attacking this idea as communist or socialist. I don't think so.

Capitalists like Friedman and Hayek promote the idea of the free market. But billionaires  exert greater influences on the market, or at least influences comparable to those produced by unions and government regulations. 

I've written before about the idea of applying nature's rules to macro-economics, discussing a need for a smarter approach to globalization:  Membrane Economic Globalization.

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Rob Kall is editor-in-chief, publisher and site architect of OpEdNews.com, President of Futurehealth, Inc, and an inventor. He hosts the Rob Kall Bottom Up Radio Show, aired in the Metro Philly area on AM 1360, WNJC. Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also published regularly on the Huffingtonpost.com

Rob Kall Wikipedia Page

Rob is, with Opednews.com the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.

See more Rob Kall articles here and, older ones, here. To learn more about Rob and OpEdNews.com, check out A Voice For Truth - ROB KALL | OM Times Magazine and this article. For Rob's work in non-political realms mostly before 2000, see his C.V..  and here's an article on the Storycon Summit Meeting he founded and organized for eight years. Press coverage in the Wall Street Journal: Party's Left Pushes for a Seat at the Table

Here is a one hour radio interview where Rob was a guest- on Envision This, and here is the transcript. 

To watch Rob having a lively conversation with John Conyers, then Chair of the House Judiciary committee, click hereWatch Rob speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

Follow Rob on Twitter & Facebook. His quotes are here

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at least in our lifetimes. We simply have not evol... by Michael Shaw on Thursday, May 5, 2011 at 12:15:16 PM
First things first I cannot begin to express in a ... by Jack Heart on Thursday, May 5, 2011 at 6:37:01 PM
And it should not be done this way.There is a natu... by BFalcon on Friday, May 6, 2011 at 5:31:35 AM
People who have accumulated a great deal of wealth... by Jack Heart on Friday, May 6, 2011 at 1:39:22 PM
Your brother was right, I concur too. Unfortunatel... by BFalcon on Friday, May 6, 2011 at 1:47:25 PM
Certainly there's some truth in the idea that CNN ... by Gary Williams on Wednesday, May 11, 2011 at 12:15:54 PM
For years now the neocons have used propaganda rep... by BFalcon on Wednesday, May 11, 2011 at 9:37:13 PM
As you said Rob they are acromegaly's and in time ... by Jack Heart on Thursday, May 5, 2011 at 6:38:37 PM
Not a bad idea Rob, but just like with taxes from ... by kenneth sibbett on Thursday, May 5, 2011 at 7:11:48 PM
Rob,In my memoirs I indicate I was raised to be a ... by Douglas A. Wallace on Thursday, May 5, 2011 at 7:17:56 PM
the $500 million is an arbitrary number, mainly to... by Rob Kall on Thursday, May 5, 2011 at 7:18:52 PM
I think we need to look at why we get paid and why... by David Vicks on Friday, May 6, 2011 at 1:47:28 AM
They take far more than they can possibly use, or ... by E. J. N. on Thursday, May 5, 2011 at 7:23:23 PM
on Wall Street who are collecting annual income th... by John Sanchez Jr. on Friday, May 6, 2011 at 8:12:44 AM
The problem is not that there are working poor. Th... by bern on Friday, May 6, 2011 at 7:26:09 PM
So the power billionaires command through their we... by Joe Reeser on Thursday, May 5, 2011 at 7:34:47 PM
That's a really good question, Joe. I'd go a step... by prsmith on Thursday, May 5, 2011 at 10:19:20 PM
HOW TRUE,, TAKE THE MONEY AWAY FROM PEOPLE THAT KN... by bern on Friday, May 6, 2011 at 1:26:03 AM
Billionaires are not smarter or harder working the... by David Vicks on Friday, May 6, 2011 at 2:04:41 AM
There is no way around having flawed humans making... by David Vicks on Friday, May 6, 2011 at 1:54:08 AM
As long as we ignore this, the planet will be in c... by David Smith on Thursday, May 5, 2011 at 7:52:59 PM
I was not a socialist but in the last few years I ... by Jack Heart on Thursday, May 5, 2011 at 8:34:57 PM
I have heard enough gibberish about Democracy much... by Jack Heart on Thursday, May 5, 2011 at 8:35:53 PM
Great article, Rob, but a most important point is ... by Frank Munley on Thursday, May 5, 2011 at 9:33:01 PM
Not to worry, your beautiful World is about to wip... by prsmith on Thursday, May 5, 2011 at 10:28:56 PM
They use their money like little lords, and contro... by Odyseus_97 on Thursday, May 5, 2011 at 9:34:08 PM
Let's take this statement, from which your drew t... by bern on Thursday, May 5, 2011 at 10:06:26 PM
Sounds like envy to me. Stop worrying about others... by Minnesota Brad on Thursday, May 5, 2011 at 10:34:06 PM
The distribution of wealth has everything to do wi... by David Vicks on Friday, May 6, 2011 at 3:14:33 AM
People are not entitled to anything. If you want i... by Minnesota Brad on Friday, May 6, 2011 at 8:20:27 AM
suggesting people are jealous is an ad hominem per... by Rob Kall on Friday, May 6, 2011 at 9:06:42 AM
Since we timed this reply to 'Brad' so closely, I ... by Ned Lud on Friday, May 6, 2011 at 9:25:51 AM
You're an ass, Brad.Perhaps it will occur to you, ... by Ned Lud on Friday, May 6, 2011 at 9:13:58 AM
If people are not entitled to ANYTHING then why ha... by David Vicks on Friday, May 6, 2011 at 5:32:04 PM
YEA, I HAVE ALWAYS NOTICED HOW MUCH A BUNCH OF LOS... by bern on Friday, May 6, 2011 at 7:37:33 PM
1985 MACROCOSM NEW WORLD ORDER MILLIONS Will... by mireille torjman on Thursday, May 5, 2011 at 10:44:52 PM
Rob, no need for elimination when bankruptcy is ... by Patrick McGean on Thursday, May 5, 2011 at 11:10:16 PM
Why not just declare a war to win the country back... by Kevin Anthony Stoda on Thursday, May 5, 2011 at 11:48:39 PM
WHAT A STUPID IDEA.... by bern on Friday, May 6, 2011 at 1:30:19 AM
I've always wanted to hear someone talk about this... by David Vicks on Friday, May 6, 2011 at 1:34:02 AM
Socialist theories are critical of the concentrati... by Doctor44130 on Friday, May 6, 2011 at 1:44:27 AM
Under Eisenhower through Reagan, the most wealthy ... by Rob Kall on Friday, May 6, 2011 at 6:45:10 AM
Thanks for your response, Rob. I agree with your i... by Doctor44130 on Friday, May 6, 2011 at 9:43:12 AM
Don't forget to debillionairize the corporations, ... by Keith Pope on Friday, May 6, 2011 at 2:31:55 AM
These billionaires are all part of the corporate/f... by Julian ONeill on Friday, May 6, 2011 at 2:48:05 AM
We must stop supporting power addiction. It's a si... by David Vicks on Friday, May 6, 2011 at 3:20:26 AM
Billionaires and millionaires are nothing more tha... by R. A. Landbeck on Friday, May 6, 2011 at 6:36:13 AM
I have always shuddered when I see entertainment p... by Michael Hayes on Friday, May 6, 2011 at 7:27:01 AM
Maybe you should study a little history and read a... by bern on Friday, May 6, 2011 at 7:20:49 PM
Alhtough we all agree that parasites run the show ... by Mark Sashine on Friday, May 6, 2011 at 7:50:11 AM
You've ever seen a goose walk, Mark?They're not ve... by Ned Lud on Friday, May 6, 2011 at 9:32:51 AM
for a ninety percent top marginal income tax rate,... by John Sanchez Jr. on Friday, May 6, 2011 at 8:02:13 AM
As a general rule of thumb, the more money (paper ... by Ned Lud on Friday, May 6, 2011 at 9:43:32 AM
and the stupidest thing we could do is tax our cor... by bern on Friday, May 6, 2011 at 7:53:15 PM
by offering some support for what you say. Try som... by John Sanchez Jr. on Saturday, May 7, 2011 at 12:27:04 AM
Consider the personal computer industry: It was c... by Jack Flanders on Wednesday, May 11, 2011 at 7:05:51 AM
The plutocrats would have us believe that billion... by Jack Flanders on Wednesday, May 11, 2011 at 10:52:10 AM
There was an encounter above when someone used the... by Mark Sashine on Friday, May 6, 2011 at 9:19:14 AM
It appears to me that you wrote the article somewh... by Dale Snyder on Friday, May 6, 2011 at 10:01:20 AM
count me in with what your commending and fighting... by marty skele on Friday, May 6, 2011 at 10:14:15 AM
How do we measure the health of our society? Scie... by Philip Pease on Friday, May 6, 2011 at 10:59:24 AM
Perhaps the laziest of the people feel that way. W... by Dale Snyder on Friday, May 6, 2011 at 5:37:44 PM
"Them that's got shall get. Them that's not shall ... by E. J. N. on Friday, May 6, 2011 at 12:13:51 PM
In other words, the way the Christian Right looks ... by E. J. N. on Sunday, May 8, 2011 at 4:39:32 PM
If we started with the richest people, reducing th... by Bob Stuart on Saturday, May 7, 2011 at 12:12:52 PM
Well, if you started with the richest, the first s... by Keith Pope on Wednesday, May 11, 2011 at 9:51:46 AM
There are all kinds of too big to fail. And perh... by Michael Dewey on Sunday, May 8, 2011 at 8:00:16 PM
All one really needs to do is look at what the cus... by Jack Flanders on Wednesday, May 11, 2011 at 7:52:51 AM
First, you are on the right track, Rob. We need to... by David Kendall on Sunday, May 15, 2011 at 5:19:36 PM
The results, based on any Internet survey where pe... by David Kendall on Sunday, May 15, 2011 at 6:21:11 PM
1.  It doesn't do anything about imputed inco... by Scott Baker on Monday, Dec 10, 2012 at 2:52:46 AM
Still need a highly progressive capital gains tax.... by David Vicks on Monday, Dec 10, 2012 at 3:48:53 AM
It's because of the 15% Capital Gains tax (really,... by Scott Baker on Monday, Dec 10, 2012 at 12:17:34 PM
just blows my mind about computers doing that trad... by David Vicks on Monday, Dec 10, 2012 at 10:41:19 PM
Rob, I  have great admiration for all you w... by Susan Lee Schwartz on Tuesday, Dec 11, 2012 at 4:07:34 PM