Recently, in a Huffington Post column, he's taken to advocating,
Today just 400 Americans have more wealth than half of all Americans combined. Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.Of course, this goes completely against, not just our democratic heritage, but American tradition of each person being able to achieve the pinnacle of success...by their own hard work. Here's a video of Mr. Moore, expounding on this theme.
Of course, he's wrong. By seizing the assets of the wealtiest of Americans wouldn't ease the recession, it would in fact push the country over the brink into a full blown depression. Those companies that are owned by these people would become so devalued as to be worthless....
Mary Katherine Ham has a far better rebuttal and does it in under 2:30!
Here's the money quote (emphasis is mine):
The grand total of the combined net worth of every single one of America’s billionaires is roughly $1.3 trillion. It does indeed sound like a “ton of cash” until one considers that the 2011 deficit alone is $1.6 trillion. So, if the government were to simply confiscate the entire net worth of all of America’s billionaires, we’d still be $300 billion short of making up this year’s deficit.When Democrats took control of Congress in 2007, the national debt stood at $9,000,000,000,000.00. Between them, Mr Obama, Mrs. Pelosi and Mr. Reid added $5 trillion to the national debt...and Democrats in Congress are literally screaming at cutting a mere $150 billion from this years budget. Where is the sanity? There ain't none.
That’s before we even get to dealing with the long-term debt of $14 trillion, which if you’re keeping score at home, is between 10 to 14 times the entire net worth of all of the country’s billionaires, combined. That includes the all-powerful Koch brothers ($40 billion between them), the all-powerful George Soros ($14.5 billion), all the Walton family (of the Wal-Mart fortune), Steve Jobs, Oprah (at a paltry $2.7 billion), the Google Founders, Michael Bloomberg, and the Mars family (of the candy bar empire).
Democrats are trying to drive this country into insolvency by spending our great-grandchildren's unearned wealth...today, and taking from those who work, and giving to those that don't, or won't.