Tuesday, January 7, 2020

The Redistribution of Wealth

We're constantly told that our Country is unfair and needs to get on board with the "redistribution of wealth."  What that means is take some more money from those who "have," and give to it the "have nots."  As if that's fair somehow.  Well, Pilgrim, if that basic premise is true, I suggest it's no true no longer.  Why?  

The Federal Elections Commission just released its Fourth Quarter 2019 Report listing the funds raised by all the candidates for POTUS 2020.

It listed the Democrats and the DNC as having raised some $400,000,000.

It stated that Trump and the RNC raised a whopping $467,000,000! 

And these eye-popping numbers represent just the 4th Quarter!  If you add in all the bucks raised during the earlier parts of 2019, we're looking at something waaaay north of $1 Billion Dollars raised thus far, and we've really just begun...

The Sanders campaign reported raising $34.5 Million  The Bootygaggg campaign, $24.7 Million.  Biden?  $22.7 Million.  And Warren raised $21.2 Million.  Whew!

Trump?  $103 Million.  With more than $200 Million cash-on-hand.  Plus all his other, ummm, cash on hand.  Hmmm.

Remember, this guy self-financed his 2016 POTUS run, so I imagine he's still got some cash on hand...

All of the money was contributed by the fat cats on Wall Street, and hedge fund managers, and university and college professors, and union bosses and their serfs, and Hollyweird celebritards, and the rest mainly by folks just like you and me.  Bernie's campaign just reported that his average contribution during this period was $18.02.  And that his average donor was a teacher.  Hmmm.  

These same teachers are likely teaching our kids.  Scary...

(Disclaimer:  Three-fourths of my progeny are school teachers, and they promise me they're not a part of this problem.)

It seems to me that this scenario we're watching unfold represents the Great Redistribution of Wealth the liberal-types have been calling for all these years.  Over $1 Billion Dollars has been redistributed during this campaign thus far.  From those who claim - loudly - that they've been deprived of all this wealth.  Yet they're giving it away!  Confused yet?

It seems that this wealth redistribution deal is sort of bass-ackwards.  Politicians beg for our money.  And that money seems to still be flowing from the "have nots" to the "haves."  And from the "haves" to the "haves."  From the less well-off to those with plenty of moolah.  And from those with oodles of cash to those with equally large bank accounts.  Is this just a continuation of the way things have always been?

Yes.  Yes it it.

Hedge fund managers make up a yuuuuge percentage of the donations making their way to candidates' coffers.  And Fortune 1000 CEO's.  And privileged professors and actors and media-types.  And the rest comes from folks like you and me, the "have nots."  So are we not "redistributing" our wealth, just as the protesting masses are demanding?  

By the time this 2020 POTUS campaign is finally over, there will have been far more than $2.5 Billion Dollars amassed and redistributed by the various and sundry political campaigns.  That's Two Thousand Five Hundred Million Dollars!  

Hey America!  We don't need no stinkin' wealth redistribution plan!  We've already got one!  

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