I'm not worried about a million. Add three 0's. For example - let's say Elon had chosen not to buy Twitter, but instead just sat on all those billions - I would tax that, to make it risky and undesirable to sit on lots of money for a long time.
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I'm not worried about a million. Add three 0's. For example - let's say Elon had chosen not to buy Twitter, but instead just sat on all those billions - I would tax that, to make it risky and undesirable to sit on lots of money for a long time.
Prior to my birthday, the highest tax rate was about 90%.
It worked great.
We should do it again.
So? Tax that too!So-fucking what! It ain't my concern, and taxing the evuuulllll rich 10,000000% won't bring about unicorn farts and rainbows. the only thing it WILL do is make these people hightail their, and I repeat THEIR money out of this country!
And, in three years...How much of Trump's 7.8 trillion would it cover?
The biggest problem we have in our economy right now, is the disparity between the top and the bottom.
And, in three years...
U.S. Debt by President: Dollar and Percentage - Investopedia
So far, the national debt has grown by over $5.39 trillion since Biden took office in 2021, largely driven by COVID-19 relief measures.Loading…
www.investopedia.com
That was Income Tax rate dopey. They all got around that anyways. Do you actually think a Billionaire draws a paycheck from someone else? All your movie stars, and Sports figures would get hit, as their money is income.
I'm not worried about a million. Add three 0's. For example - let's say Elon had chosen not to buy Twitter, but instead just sat on all those billions - I would tax that, to make it risky and undesirable to sit on lots of money for a long time.
But that's the point!
The poor don't, and can't.
Even the middle class is having hard times along those lines.
Look - when I was 10, any Tom Dick or Harry could take 37.50 to the local bank and buy a Series E Savings Bond. Invest in the country, and make money doing it. All good.
NOW, the smallest investment is 1000 dollars for a T-bill. Who's got 1000 dollars lying around? No one! Not even the middle class.
Why THE FUCK is that any of your business?I'm not worried about a million. Add three 0's. For example - let's say Elon had chosen not to buy Twitter, but instead just sat on all those billions - I would tax that, to make it risky and undesirable to sit on lots of money for a long time.
I really find it bewildering you people do not understand the harm of huge tax cuts. It’s just so goddamn obvious logic. Yes, spending is too high - you are correct. This however is only half of the problem. If you pass massive tax cuts and do not reduce spending, the deficit is obviously going to be even higher. That is exactly what Trump and republicans do
Trump refused early on and Piglousy shut the GOVT 30-90 days and used the MSM to blame Trump.He spent way too much, he is a typical fiscal liberal, we haven’t had a fiscal conservative President for decades and decades.
Specifically, what was your plan for the tens of millions of workers our government threw out of work overnight by a virus created and released by our most powerful enemy?He spent way too much, he is a typical fiscal liberal, we haven’t had a fiscal conservative President for decades and decades.
That's a business owner, not a CEO.
CEO's are mercenaries, they're highly overrated.
I could do what any CEO does. Easy peasy. I just don't want the job. I'd rather be a business owner.
If a big profitable corporation keep wages low purely for their own benefit, thats a problem. Given thst corporate profits are already at an all time high, they can easily pay their workers more. They don’t purely out of self interest. The result is that poverty only gets worse because wages are behind on the rate of inflation. The middle class also shrinks. Doesn’t any of that bother you?
So? Tax that too!![]()
Good.Let me explain something simple to you that I explained in the OP. Rich people and corporations do not necessarily pay the OFFICIAL tax rate. They can take advantage of deductions, credits, and loopholes that allows them to pay very little in taxes. It is called the EFFECTIVE tax rate.
Ah yes leave it alone. Meaning that corporations will continue to keep wages low purely out of self interest. Poverty will only get wider and the middle class will continue to shrink.The best way to address it is to leave the fucking private sector ALONE! Government meddling only brings about a mass exodus from shithole states like NY and Communistfornia!