Zone1 Should A Handful Of Billionaires Own More Wealth Than The Bottom 50% Of All Americans?

[Care4all]

Sure, why not?

Did you have a plan to stop them?

How about just not making it so so so easy for them, while harder for others?

 

[rightwinger]

How about just not making it so so so easy for them, while harder for others?

Trickle down did not work

 

[rightwinger]

Most of the billionaires are your fellow DemoKKKrats.

8 of the top 10 below are well-known lefties:

Who are the richest people in America? Forbes publishes a list with surprises

As every year, the prestigious Forbes magazine has published its annual ranking of the 400 richest Americans. It highlights that there are fewer millionaires in the US due to infla

www.marca.com

And Democrats support requiring more taxes on the wealthy.

Wealthy Republicans support fewer benefits for the poor and working class

 

[marvin martian]

And Democrats support requiring more taxes on the wealthy.

Wealthy Republicans support fewer benefits for the poor and working class

No you don't. Your "president" just authorized taxing people making $600 a year on side gigs, and he hired an army of IRS agents to go after them.

 

[rightwinger]

No you don't. Your "president" just authorized taxing people making $600 a year on side gigs, and he hired an army of IRS agents to go after them.

They were always required to pay taxes on that income.
Our President just makes it harder to cheat
Most of those new IRS agents will spend their time on the wealthy.
IRS agents bring in much more revenue than their salaries

 

[marvin martian]

They were always required to pay taxes on that income.
Our President just makes it harder to cheat
Most of those new IRS agents will spend their time on the wealthy.
IRS agents bring in much more revenue than their salaries

 

[Mr. Friscus]

Class issues exist, I don’t know a perfect solution.

What I do know is that poor/middle income people don’t take entrepreneurial risks, research, develop, or hire large amounts of people.

 

[expat_panama]

I have been to Bilderberg meetings

Mostly we sit around playing Poker and drinking beer till the Strippers show up.

Wait a sec., when can the bad guys ever get around to doing those bad things then?

 

[Toddsterpatriot]

So much power in the hands of one person or family in the form of money, undermines our freedoms.

Exactly!

We must eliminate the freedom to be unequal.

For the sake of freedom!!!

 

[Toddsterpatriot]

We can very easily eliminate homelessness and poverty in general, in America and around the world.

Gulags!

 

[Unkotare]

Should the top 1% pay (by an enormous range) the highest percentage of taxes?

 

[USAF 2023]

At the urging of Republican Senators Hawley and Rubio, a new think tank is working out ways for the GOP to changetheir messaging.

They want to shift their rhetoric from support for corporations and the morbidly rich to pretending they care about working people. This new organization will, they say, “think differently about labor vs. capital than Republicans have in recent generations.”


It’s a cynical effort to capture Trump’s working class base. He’d promised he’d bring our jobs home from China, empower labor unions, raise taxes on the rich so high that “my friends won’t ever talk to me again,” and give every American full health insurance that cost less than Obamacare. Those promises helped win him the White House.

All were lies, but the GOP base bought it and gave him tens of millions of votes; now Hawley, Rubio, et al think they can bottle that populist rhetorical magic and repeat Trump’s shtick for 2024.

Which raises the existential question both economists and politicians have debated for centuries:


America has had two different but clear answers to that question during the past century.

From the end of the Republican Great Depression with Franklin D. Roosevelt’s New Deal in the 1930s until 1981 (including the presidencies of Republican Presidents Eisenhower and Nixon, who maintained the top 91% and 74% income tax rates), the answer was unambiguous: “The economy is here to serve average Americans.”

Income and wealth during that time rose at about the same rate for working class Americans as they did for the rich, something we’d never before seen in this country.

This was not an accident or a mistake. It was the very intentional outcome of policies put into place by FDR and then maintained by both Democratic and Republican administrations for almost 50 years during that pre-Reagan era.

And then came the Reagan Revolution, when Republicans decided that the middle class wasn’t as important as giant corporations and the very wealthy after all, and that the rest of us are here to serve the rich.

Should a Handful of Billionaires Own More Wealth than the Bottom 50% of All Americans?

At the urging of Republican Senators Hawley and Rubio, a new think tank is working out ways for the GOP to change their messaging. They want to shift their rhetoric from support for corporations and the morbidly rich to pretending they care about...

m.dailykos.com

Im sure this will hurt the feminine sensibilities of certain moderators, so I expect it to be moved with not much intelligent input.

Please tell us what percentage of their income should go to the Government

 

[rightwinger]

Should the top 1% pay (by an enormous range) the highest percentage of taxes?

You monopolize the highest percentage of the income, you pay the highest percentage of taxes

 

[rightwinger]

Please tell us what percentage of their income should go to the Government

50 percent of income over 1 million dollars

 

[Toddsterpatriot]

You monopolize the highest percentage of the income, you pay the highest percentage of taxes

Monopolize? I don't think that word means what you think it means.

 

[surada]

I don't care how much money other people have. I have never been made poorer by a person richer than me.

However, I do care about how much of my earned money has been taken away by the filthy government and given to people that didn't earn it. I have been made poorer by the government.

Trump pays very little in taxes..

 

[Toddsterpatriot]

Trump pays very little in taxes..

And?

 

[marvin martian]

50 percent of income over 1 million dollars

Why do you hate small businesses so much?

 

[rightwinger]

Monopolize? I don't think that word means what you think it means.

Yes it does
They don’t obtain and protect that wealth by luck

 

[rightwinger]

Why do you hate small businesses so much?

Business pays a different rate than Personal Income

If you have a small business that you take a personal income above $1 million, you deserve to pay