Jeff2422 Wrote:
Jan 22, 2013 11:57 AM
Actually, the idea of liquidating and/or confiscating all the property of say the top 1% would be worth a lot less than what it is estimated to be worth. In fact, much of it would be worthless as there would be no one domestically at least who could buy the rolls or landed estate. Something only has a value if there is a market for it. With none of the 1% having their wealth, the next 10% could only afford this property at a significantly lower price. So actually, the expected return from a liquidation would severely reduced. Maybe some Arab shieks would want this stuff. Of course, if they bought it, then they would be the top 1% and then it would have to be confiscated again.