A Single Sentence re Checks and Balances On the One Percent

There are liberal and progressive politicians and media personalities who outwardly eschew the excessiveness and excesses of the 1% while inwardly harboring the desire to be one of them.

Views: 63

Comment by koshersalaami on May 25, 2019 at 1:20pm

Does desiring to be one of the 1% mean supporting the excessiveness and excesses? 

Comment by Ron Powell on May 25, 2019 at 1:24pm

On a subconscious level, I would tend to think so...

Comment by koshersalaami on May 25, 2019 at 2:36pm

Why? Warren Buffet is one of the 1% who lobbies against the excesses. Do you really think that if you struck it rich you’d worry more about minimizing your taxes than about restructuring in a more equitable manner?

Comment by Ron Powell on May 25, 2019 at 2:44pm

There's a world of difference between striking it rich and becoming super rich...

I'd be happy, nay ecstatic, with a paltry 100 grand right about now...

Comment by koshersalaami on May 25, 2019 at 2:56pm

A lot of businesses aren’t built on greed. They’re build on the joy of building and the joy of providing whatever the business provides. Most of what you’d classify as the excesses come from what happens when a company goes public and the people calling the shots are no longer worried about the health of the business but about what they can milk the business for. 

Comment by Ron Powell on May 25, 2019 at 2:57pm

If I had a billion dollars, I believe I could do quite nicely with the 200 million that would remain within the framework of an 80% tax rate...

Greed is not my strong suit....

Yet there are billionaires who believe that a 10% tax rate is exorbitant and punitive...

As far as I'm concerned that kind of greedy bastard should be forced to live as the bottom 10% are forced to live ..

Hand to mouth...Paycheck to paycheck...

Comment by koshersalaami on May 25, 2019 at 3:09pm

Agreed. After all, they’d want taxes on ordinary citizens to be more than that, or they’d want way less government so that there would be no safety net and affordable services for ordinary citizens. 

Comment by Ron Powell on May 25, 2019 at 4:46pm

There are 540 billionaires in the US...

If taxed at a flat rate of 80% they would pay about 2.4 trillion in taxes...Enough to give 38.4 million Americans (about 10% of the population) a living income of 50,000 each....

That's just the rate of 80% at the very top..

Not counting corporate income taxation....

There are 43.1million people living in poverty here...

With the figures above we could easily extend Andrew Yang's fr'eedom dividend' of 1000 a month to the bottom 40% of the population...

From an 80% tax rate on just 540 billionaires!!!

Economic Democracy?

Comment by koshersalaami on May 25, 2019 at 5:49pm

We’ll never get to 80%. We’d do well to get to 30. 

Comment by Ron Powell on May 25, 2019 at 7:27pm

We'd be OK if we got 30% on everybody at 10 million or more...

Comment

You need to be a member of Our Salon to add comments!

Join Our Salon

NEW BLOG POSTS

Hooking up on BS

Posted by Robert B. James on June 24, 2019 at 7:47am 2 Comments

Just a Little Too

Posted by Doc Vega on June 24, 2019 at 1:39am 0 Comments

Water View II

Posted by koshersalaami on June 23, 2019 at 3:00pm 10 Comments

The Merlin Of BindleSnitch

Posted by Robert B. James on June 23, 2019 at 7:07am 4 Comments

Old Soft Shoe (POEM)

Posted by J.P. Hart on June 22, 2019 at 1:00pm 4 Comments

I saw one Mountain Lion

Posted by Robert B. James on June 22, 2019 at 8:00am 3 Comments

A Measure of Intelligence

Posted by Doc Vega on June 21, 2019 at 1:50pm 0 Comments

© 2019   Created by lorianne.   Powered by

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service