they say there are 700 billionaires......they say they have $4.6T.......Joe and Nancy want to spend $5.6T of it......byebye billionaires.....
they say there are 700 billionaires......they say they have $4.6T.......Joe and Nancy want to spend $5.6T of it......byebye billionaires.....
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
I have seen experiments where question was asked "should the wealthy pay more taxes than they do now?" Most answered in the affirmative. Then, they were asked "what percent of their income should they pay?"
Most answered in the 10-25% range--less than they currently pay.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
https://www.usatoday.com/story/money...ax/7639768002/ The top pay very little. Their companies also pay close to zero.
PoliTalker (10-28-2021)
That was my first thought as well. Think of the Soviet Union during their heyday as well. Too funny.
Locally they’ll talk about a couple of places in Oakland that are food deserts that are getting new grocery stores, shopping options, etc. Then the complaint turns to “well it’s gentrifying the neighborhood”. It’s a never ending face palm.
There's a lot about the wealth tax in Elizabeth Warren's current book, Persist.
It would do so much good without really hurting the billionaire class in any practical way.
With the economy propped up, the assholes would make even more money.
Patriotism is the last refuge of a scoundrel. Samuel Johnson, 1775
Religion....is the opiate of the people. Karl Marx, 1848
Freedom's just another word for nothin' left to lose. Kris Kristofferson, 1969
France tried to tax the snot out of millionaires, let alone billionaires, a few years back. It ended badly...
https://www.huffpost.com/entry/franc...-tax_n_4518698PARIS, Dec 29 - France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year.
The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at one point threatened to go on strike.
It was originally designed as a 75 percent tax to be paid by high earners on the portion of annual income exceeding 1 million euros, but the council rejected it last year, saying it was unfair. France's top administrative court later said that 66 percent was the legal maximum for individuals.
Here's what happened:
https://www.dailymail.co.uk/news/art...ires-year.htmlNow it's FREXIT: France lost the most millionaires last year after spate of terror attacks and despite improving economy
82,000 people with more than $1 million in assets left home countries last year
France lost most 'high-net-worth' individuals, with 12,000 millionaires leaving
You try to tax the snot out of billionaires and they'll leave. The feds won't get shit from them, and they won't care. They'll still be billionaires and the government will still be run on a credit card.
Patriotism is the last refuge of a scoundrel. Samuel Johnson, 1775
Religion....is the opiate of the people. Karl Marx, 1848
Freedom's just another word for nothin' left to lose. Kris Kristofferson, 1969
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