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**** you.The plan is to tax people with an income above $10million at a rate of 70%.
The top marginal tax rate has been at least 70%, (and up to 90%) for most of the 20th century.
In the Golden Age, when America really was great, the wealthy paid 90%-94%. 1946-1963.
Thank you.
Lakhota your identity as paid political propagandist working for the DNC is confirmed.So, what you're really saying is, should we get government to confiscate and redistribute wealth from private individuals?
You know what’s not cool anymore? Billionaires.
Alexandria Ocasio-Cortez and Elizabeth Warren believe some Americans have too much money, and they’re not alone.
Their very existence is now the subject of political debate, sparked most recently by tax-the-rich proposals from two prominent politicians.
Sen. Elizabeth Warren (D-Mass.) proposed placing a 2 percent tax on wealth over $50 million and 3 percent on assets over $1 billion. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said she wants to increase the marginal tax rate on those earning more than $10 million a year.
Their ideas went viral, starting a mainstream conversation about inequality and wealth.
This kind of talk has always existed among a certain group of hard-core progressives and left-leaning economists, but heading into next year’s presidential election, the idea that the super-rich should pay their fair share is gaining real momentum.
Marshall Steinbaum, a research director at the left-leaning Roosevelt Institute, has advocated taxing the rich at higher rates for years. “We do not need billionaires,” Steinbaum told HuffPost. “The economy’s done better without billionaires in the past.”
For Steinbaum, higher taxes on the wealthy would mean freeing up more money for everyone else. If you think of the economy as a pie, right now, billionaires are getting just about all of it, while we’re all left splitting just one slice.
If you raise taxes on the richest, their incentive to grab at every morsel declines. The theory is they’ll fight a little less hard to depress everyone else’s wages if they know that every extra million is going to get taxed away. A high-paid CEO has less incentive to keep workers’ wages low so he can get a bigger payday.
Billionaires were once a rare breed. In the past few decades, as the U.S. has slashed tax rates, their numbers have exploded, far outpacing inflation.
Since 2008, the number of billionaires in the world has doubled, according to a report published last week by the anti-poverty nonprofit Oxfam. In just the last year, billionaires raked in an astonishing $2.5 billion each day.
In 1982, the first year Forbes debuted its list of the 400 richest Americans, there were about a dozen billionaires. The richest man in the U.S. back then was an 85-year-old shipping magnate with an estimated worth of $2 billion, or $5.2 billion in today’s dollars.
"We do not need billionaires. The economy’s done better without billionaires in the past."
--Marshall Steinbaum, Roosevelt Institute
Nowadays, Forbes’ list is entirely billionaires. The richest is Amazon founder Jeff Bezos, worth $160 billion.
More: Should Billionaires Even Exist?
I agree! Billionaires aren't cool anymore! The playing field is tilted like the Titanic before it went down. There is no logical reason for so few to have so much. What do you think?
.
Indirectly, by leveling the playing field. The fat cats have gamed the system. From the OP:
There is a raft of policies in place that help America crank out billionaires: lax antitrust laws and regulations; strong intellectual property protections; low tax rates; government-funded research. Microsoft co-founder Bill Gates (No. 2 on Forbes’ list in 2018) couldn’t have amassed a fortune, for example, without strict copyright and patent protections on his software, Steinbaum pointed out.
The late Steve Jobs, widely regarded as an absolute genius who deserved every last dollar, used a boatload of government-funded technology to help create his defining device, the iPhone. Google also benefited from government-funded research, argues Mariana Mazzucato in a piece in the Harvard Business Review.
“Over the years. U.S. taxpayers have been very good to Apple,” she writes, adding that in return, the Cupertino, California, computer maker and other tech companies have done everything they can to get out of paying taxes and paying it forward.
Most entrepreneurs like to argue that they’ve achieved great wealth in spite of the government, not with its help.
Do you ever post your own ideas on this forum?
No, you do not, that would be a breach of contract.
The OP affects everyone - regardless of party affiliation. It's not about politics - it's about social justice for everyone.
Does anyone believe that Amazon founder Jeff Bezos should be worth $160 billion?
That's 160,000 million.
Naw
He should have donated his time and energy, and not asked for a salary, or a paycheck.
Does anyone believe that Amazon founder Jeff Bezos should be worth $160 billion?
That's 160,000 million.
So you not only want to steal people’s money but their ideas and inventions as well. You really are a worthless fucking looter.So, what you're really saying is, should we get government to confiscate and redistribute wealth from private individuals?
You know what’s not cool anymore? Billionaires.
Alexandria Ocasio-Cortez and Elizabeth Warren believe some Americans have too much money, and they’re not alone.
Their very existence is now the subject of political debate, sparked most recently by tax-the-rich proposals from two prominent politicians.
Sen. Elizabeth Warren (D-Mass.) proposed placing a 2 percent tax on wealth over $50 million and 3 percent on assets over $1 billion. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said she wants to increase the marginal tax rate on those earning more than $10 million a year.
Their ideas went viral, starting a mainstream conversation about inequality and wealth.
This kind of talk has always existed among a certain group of hard-core progressives and left-leaning economists, but heading into next year’s presidential election, the idea that the super-rich should pay their fair share is gaining real momentum.
Marshall Steinbaum, a research director at the left-leaning Roosevelt Institute, has advocated taxing the rich at higher rates for years. “We do not need billionaires,” Steinbaum told HuffPost. “The economy’s done better without billionaires in the past.”
For Steinbaum, higher taxes on the wealthy would mean freeing up more money for everyone else. If you think of the economy as a pie, right now, billionaires are getting just about all of it, while we’re all left splitting just one slice.
If you raise taxes on the richest, their incentive to grab at every morsel declines. The theory is they’ll fight a little less hard to depress everyone else’s wages if they know that every extra million is going to get taxed away. A high-paid CEO has less incentive to keep workers’ wages low so he can get a bigger payday.
Billionaires were once a rare breed. In the past few decades, as the U.S. has slashed tax rates, their numbers have exploded, far outpacing inflation.
Since 2008, the number of billionaires in the world has doubled, according to a report published last week by the anti-poverty nonprofit Oxfam. In just the last year, billionaires raked in an astonishing $2.5 billion each day.
In 1982, the first year Forbes debuted its list of the 400 richest Americans, there were about a dozen billionaires. The richest man in the U.S. back then was an 85-year-old shipping magnate with an estimated worth of $2 billion, or $5.2 billion in today’s dollars.
"We do not need billionaires. The economy’s done better without billionaires in the past."
--Marshall Steinbaum, Roosevelt Institute
Nowadays, Forbes’ list is entirely billionaires. The richest is Amazon founder Jeff Bezos, worth $160 billion.
More: Should Billionaires Even Exist?
I agree! Billionaires aren't cool anymore! The playing field is tilted like the Titanic before it went down. There is no logical reason for so few to have so much. What do you think?
.
Indirectly, by leveling the playing field. The fat cats have gamed the system. From the OP:
There is a raft of policies in place that help America crank out billionaires: lax antitrust laws and regulations; strong intellectual property protections; low tax rates; government-funded research. Microsoft co-founder Bill Gates (No. 2 on Forbes’ list in 2018) couldn’t have amassed a fortune, for example, without strict copyright and patent protections on his software, Steinbaum pointed out.
The late Steve Jobs, widely regarded as an absolute genius who deserved every last dollar, used a boatload of government-funded technology to help create his defining device, the iPhone. Google also benefited from government-funded research, argues Mariana Mazzucato in a piece in the Harvard Business Review.
“Over the years. U.S. taxpayers have been very good to Apple,” she writes, adding that in return, the Cupertino, California, computer maker and other tech companies have done everything they can to get out of paying taxes and paying it forward.
Most entrepreneurs like to argue that they’ve achieved great wealth in spite of the government, not with its help.
Nobody agrees, you slimy little communist shit twinkle-toed cocksucker.From the OP:
“Should we even have billionaires?” is the defining question of 2019, said Anand Giridharadas, the author of Winners Take All, a scathing critique of the plutocrat class’s largely empty efforts to “change the world” published last year.
“No one makes a billion dollars. You TAKE a billion dollars,” economist Stephanie Kelton, a former advisor to Bernie Sanders, tweeted last week.
“You plunder it from the environment ...You strip it using patent protections,” she wrote, referencing the many ways the U.S. enables and supports people ― IP protections, lax regulation, low taxes, weak labor protections ― in amassing obscene amounts of wealth.
Ocasio-Cortez made the same point recently in an interview: Every billionaire is a “policy failure,” she said.
Every Democrat makes Jesus cry, because he has to send them to hell.From the OP:
“Should we even have billionaires?” is the defining question of 2019, said Anand Giridharadas, the author of Winners Take All, a scathing critique of the plutocrat class’s largely empty efforts to “change the world” published last year.
“No one makes a billion dollars. You TAKE a billion dollars,” economist Stephanie Kelton, a former advisor to Bernie Sanders, tweeted last week.
“You plunder it from the environment ...You strip it using patent protections,” she wrote, referencing the many ways the U.S. enables and supports people ― IP protections, lax regulation, low taxes, weak labor protections ― in amassing obscene amounts of wealth.
Ocasio-Cortez made the same point recently in an interview: Every billionaire is a “policy failure,” she said.
Of course they do. The rich pay almost all the taxes. The poor pay none at all.The rich already pay far more than a fair share.
No, they don't.
People hating the rich is a new thing?
You know what’s not cool anymore? Billionaires.
Alexandria Ocasio-Cortez and Elizabeth Warren believe some Americans have too much money, and they’re not alone.
Their very existence is now the subject of political debate, sparked most recently by tax-the-rich proposals from two prominent politicians.
Sen. Elizabeth Warren (D-Mass.) proposed placing a 2 percent tax on wealth over $50 million and 3 percent on assets over $1 billion. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said she wants to increase the marginal tax rate on those earning more than $10 million a year.
Their ideas went viral, starting a mainstream conversation about inequality and wealth.
This kind of talk has always existed among a certain group of hard-core progressives and left-leaning economists, but heading into next year’s presidential election, the idea that the super-rich should pay their fair share is gaining real momentum.
Marshall Steinbaum, a research director at the left-leaning Roosevelt Institute, has advocated taxing the rich at higher rates for years. “We do not need billionaires,” Steinbaum told HuffPost. “The economy’s done better without billionaires in the past.”
For Steinbaum, higher taxes on the wealthy would mean freeing up more money for everyone else. If you think of the economy as a pie, right now, billionaires are getting just about all of it, while we’re all left splitting just one slice.
If you raise taxes on the richest, their incentive to grab at every morsel declines. The theory is they’ll fight a little less hard to depress everyone else’s wages if they know that every extra million is going to get taxed away. A high-paid CEO has less incentive to keep workers’ wages low so he can get a bigger payday.
Billionaires were once a rare breed. In the past few decades, as the U.S. has slashed tax rates, their numbers have exploded, far outpacing inflation.
Since 2008, the number of billionaires in the world has doubled, according to a report published last week by the anti-poverty nonprofit Oxfam. In just the last year, billionaires raked in an astonishing $2.5 billion each day.
In 1982, the first year Forbes debuted its list of the 400 richest Americans, there were about a dozen billionaires. The richest man in the U.S. back then was an 85-year-old shipping magnate with an estimated worth of $2 billion, or $5.2 billion in today’s dollars.
"We do not need billionaires. The economy’s done better without billionaires in the past."
--Marshall Steinbaum, Roosevelt Institute
Nowadays, Forbes’ list is entirely billionaires. The richest is Amazon founder Jeff Bezos, worth $160 billion.
More: Should Billionaires Even Exist?
I agree! Billionaires aren't cool anymore! The playing field is tilted like the Titanic before it went down. There is no logical reason for so few to have so much. What do you think?
Go steal their money all on your own.....Go ahead and bring Occasional Cortex along with you, so you'll have instant credibility.From the OP:
“Should we even have billionaires?” is the defining question of 2019, said Anand Giridharadas, the author of Winners Take All, a scathing critique of the plutocrat class’s largely empty efforts to “change the world” published last year.
“No one makes a billion dollars. You TAKE a billion dollars,” economist Stephanie Kelton, a former advisor to Bernie Sanders, tweeted last week.
“You plunder it from the environment ...You strip it using patent protections,” she wrote, referencing the many ways the U.S. enables and supports people ― IP protections, lax regulation, low taxes, weak labor protections ― in amassing obscene amounts of wealth.
Ocasio-Cortez made the same point recently in an interview: Every billionaire is a “policy failure,” she said.
From the OP:
“Should we even have billionaires?” is the defining question of 2019, said Anand Giridharadas, the author of Winners Take All, a scathing critique of the plutocrat class’s largely empty efforts to “change the world” published last year.
“No one makes a billion dollars. You TAKE a billion dollars,” economist Stephanie Kelton, a former advisor to Bernie Sanders, tweeted last week.
“You plunder it from the environment ...You strip it using patent protections,” she wrote, referencing the many ways the U.S. enables and supports people ― IP protections, lax regulation, low taxes, weak labor protections ― in amassing obscene amounts of wealth.
Ocasio-Cortez made the same point recently in an interview: Every billionaire is a “policy failure,” she said.
Of course, that would lead to the collapse of society, just as it did in the USSR.Of course they do. The rich pay almost all the taxes. The poor pay none at all.The rich already pay far more than a fair share.
No, they don't.
The real bitch is not how much they pay. It's how much they still have once the unfair taxes are paid. They simply have more money than the communists think they should have. Rather than what's paid in taxes, communists would set the threshold and just take everything above that.
That's what you really want.
America desperately needs to execute all communist shits!!!America desperately needs social justice!
Murica desperately needs to start throwing commies out of helicopters.America desperately needs social justice!
Of course they do. The rich pay almost all the taxes. The poor pay none at all.The rich already pay far more than a fair share.
No, they don't.
The real bitch is not how much they pay. It's how much they still have once the unfair taxes are paid. They simply have more money than the communists think they should have. Rather than what's paid in taxes, communists would set the threshold and just take everything above that.
That's what you really want.
