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.
Does desiring to be one of the 1% mean supporting the excessiveness and excesses?
On a subconscious level, I would tend to think so...
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?
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...
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.
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...
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.
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!!!
We’ll never get to 80%. We’d do well to get to 30.
We'd be OK if we got 30% on everybody at 10 million or more...
Join Our Salon
Welcome toOur Salon
Sign Upor Sign In
Posted by Robert B. James on June 24, 2019 at 7:47am
Posted by Alysa Salzberg on June 24, 2019 at 6:38am
Posted by Doc Vega on June 24, 2019 at 1:39am
Posted by koshersalaami on June 23, 2019 at 3:00pm
Posted by Safe Bet's Amy on June 23, 2019 at 11:30am
Posted by Robert B. James on June 23, 2019 at 7:07am
Posted by Johnny Robish on June 22, 2019 at 7:30pm
Posted by Doc Vega on June 22, 2019 at 2:30pm
Posted by J.P. Hart on June 22, 2019 at 1:00pm
Posted by Robert B. James on June 22, 2019 at 8:00am
Posted by Johnny Robish on June 21, 2019 at 8:48pm
Posted by Doc Vega on June 21, 2019 at 2:42pm
Posted by Doc Vega on June 21, 2019 at 1:50pm
Posted by Ron Powell on June 21, 2019 at 12:51pm
Posted by koshersalaami on June 21, 2019 at 12:14pm
© 2019 Created by lorianne.
Report an Issue |
Terms of Service
Please check your browser settings or contact your system administrator.