Archive for August 2nd, 2002

Working Together

Friday, August 2nd, 2002

Yesterday’s Do the Math! Let Free Enterprise Rid Us of Saddam, has been on the DayPop Top Forty for 24 hours. It also got a mention at CamWorld. In that article:

I propose that the United States offer a reward for Saddam Hussein, dead or alive. It would need to be substantial. I think at least one billion dollars, (1 thousand million dollars) maybe even more. The only condition for receiving the reward would be delivering Saddam Hussein dead or alive into the custody of the United States government.  The opportunity would be open to mercenary teams throughout the world. But ideally, a group in the Middle East or even from within Iraq would accept the challenge, and deliver Saddam to earn the reward.

Now, these teams could act on their own, or apply for mercenary support from the United States military and CIA. Those applying for support would need to be certified by the Pentagon as militarily competent, and once certified would be eligible for weapons, transportation, and intelligence support as deemed appropriate by the Pentagon. Uncertified teams would still be welcome to seek Saddam and the reward, but would not receive mercenary support from the United States. Now, let’s imagine that each certified mercenary team received $10 million in mercenary support. The cost of funding 400 mercenary teams and paying the $ 1 billion (one thousand million dollars) reward would total $5 billion (5 thousand million dollars). 

That is 1/16 of the lowest estimated direct costs for war with Iraq, and 1/200 of the potential total costs of war with Iraq. So do the math! By letting free enterprise rid us of Saddam Hussein, we can save money and help the economy at the same time.

I don’t expect our government to offer such a reward. While it may be OK to start a new war against Iraq that could cost up to $1 trillion (one million million dollars), it is probably politically incorrect to offer a reward for the capture of a head of state, even if that action saved our country 999 billion dollars (999 thousand million dollars).


The Rich American Challenge: How much is your country worth?

Forbes Magazine reported that in 2002, there were 243 Americans worth over a billion dollars (one thousand million dollars). These individuals who have so greatly profited by the American way could easily afford to help protect America and offer such a reward.

President Bush has already declared Saddam Hussein to be a criminal and the leader of an evil empire. So it should be legal for a private citizen to offer a reward for the capture of a criminal. They shouldn’t need the approval of our government, and as private individuals they don’t need to persuade their corporations.

Of the 243 American billionaires, my challenge is just to the 31 richest.  Any of the following Americans could step forward and offer a billion dollar reward (one thousand million dollars) and still retain $4 billion or more of their hard earned fortunes–that would leave them a minimum of four thousand million dollars to get by on. After all, we don’t want them to experience any undue hardships.

Forbes 2002 List of America’s Richest Citizens

rank name worth ($bil) country of citizenship
1 Gates, William H III 52.8 United States
2 Buffett, Warren E 35.0 United States
3 Albrecht, Karl & Theo 26.8 Germany
4 Allen, Paul G 25.2 United States
5 Ellison, Lawrence J 23.5 United States
6 Walton, Jim C 20.8 United States
7 Walton, John T 20.7 United States
8 Walton, Alice L 20.5 United States
8 Walton, S Robson 20.5 United States
10 Walton, Helen R 20.4 United States
11 Alsaud, Prince Alwaleed Bin Talal 20.0 Saudi Arabia
12 Quandt, Johanna & family 18.4 Germany
13 Bettencourt, Liliane 14.9 France
13 Thomson, Kenneth & family 14.9 Canada
15 Ballmer, Steven A 14.8 United States
16 Kamprad, Ingvar 13.4 Sweden
17 Slim Helu, Carlos 11.5 Mexico
18 Dell, Michael S 11.1 United States
19 Rausing, Kirsten & family 10.7 Sweden
20 Kluge, John W 10.5 United States
21 Anthony, Barbara Cox 10.1 United States
21 Chambers, Anne Cox 10.1 United States
23 Li Ka-shing 10.0 Hong Kong
24 Kwok, Walter, Thomas & Raymond 9.2 Hong Kong
25 Ortega, Amancio 9.1 Spain

rank name worth ($bil) country of citizenship
26 Mars, Forrest E Jr 9.0 United States
26 Mars, Jacqueline Badger 9.0 United States
26 Mars, John F 9.0 United States
29 Johnson, Abigail 8.6 United States
29 Saji, Nobutada & family 8.6 Japan
31 Bertarelli, Ernesto & family 8.4 Switzerland
32 Redstone, Sumner M 8.1 United States
33 Rausing, Hans 7.7 Sweden
34 Olayan, Suliman & family 7.6 Saudi Arabia
35 Berlusconi, Silvio 7.2 Italy
36 Arnault, Bernard 7.0 France
37 Soros, George 6.9 United States
38 Grosvenor, Gerald Cavendish 6.7 United Kingdom
39 Del Vecchio, Leonardo 6.6 Italy
40 Otto, Michael & family 6.5 Germany
41 Premji, Azim 6.4 India
42 Ergen, Charles 6.2 United States
43 Moore, Gordon Earle 6.1 United States
44 Kerkorian, Kirk 5.8 United States
45 Al-Kharafi, Nasser & family 5.7 Kuwait
45 Knight, Philip H 5.7 United States
45 Murdoch, Keith R 5.7 United States
48 Engelhorn, Curt 5.6 Germany
48 Persson, Stefan 5.6 Sweden
50 Flick, Friedrich K Jr 5.5

Germany

rank name worth ($bil) country of citizenship
51 Broad, Eli 5.2 United States
51 Lee Shau Kee 5.2 Hong Kong
51 Takei, Yasuo & family 5.2 Japan
54 Anschutz, Philip F 5.1 United States
55 Cisneros, Gustavo & family 5.0 Venezuela
55 Haefner, Walter 5.0 Switzerland
55 Icahn, Carl 5.0 United States
55 Newhouse, Donald E 5.0 United States
55 Newhouse, Samuel I Jr 5.0 United States
55 Pritzker, Robert A 5.0 United States
55 Pritzker, Thomas J 5.0 United States

Forbes 2002 List of America’s Rich