Should Billionaires Even Exist?

[Conservative65]

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?

They sound like two jealous bitches that are trying to buy the votes of those that would benefit from getting something they didn't earn.

 

[Conservative65]

Historian Lays Into Billionaires At Davos For Dodging The 1 Thing To Solve Inequality
Exactly!

I have one of the MAGA hats. If I wear it in front of you, would you make the mistake of trying to take it off of me?

 

[Votto]

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?

And all of those "billionaires" are Dims.

Go figure.

 

[basquebromance]

i want these billionaires to stop being freeloaders. i want them to pick up their fair share. that's how we make a system that works not just for the rich and the powerful, but works for all of us. all i'm asking is a slice from the tippy, tippy top. Jeff Bezos has 150 billion dollars. he should give 149 billion to the government and he'll still have more money than he'll ever need!

 

[airplanemechanic]

The problem is that liberals think that the mega wealthy were born that way. Little do they know that these wealthy people became that way by making good choices, good investments, taking risks and starting companies, etc. They also usually own companies that employ thousands of people.

 

[Ambivalent1]

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 back to the Rez leech.

 

[Hutch Starskey]

The rich already pay far more than a fair share.

Not even close as a pecentage.

 

[basquebromance]

"how many americans would support anything close to a socialist 70% tax" - Schultz...actually 80 percent of Dems support raising taxes on those making over 1 million dollars a year

 

[jasonnfree]

The more money that the billionaires accumulate, the more influence they have over our politicians, both repubs and dems. Used to be illegal to bribe politicians but no more, so now the koch brothers etc. do it in the open and guaranteed have more influence than most Americans. Why so many average income posters spend valuable time defending the very wealthy is beyond me. If three individuals , buffett, gates, and bezos, can own more wealth than the bottom fifty percent of america, then something's radically wrong in this country and trump and fellow politicians passing tax reform to send even more money to those at the top makes no sense at all to me.

 

[easyt65]

Interesting thread....it seems Liberals want to appoint themselves as Judges to decide, as with babies, if Billionaires should have the right to live / exist....

 

[WillPower]

Hey Shitting Bull......Bernie wants 77% of any estate over a $1B....why would anybody bother getting this rich if they have to give it to you communists? You should look around your teepee and think about who made what to manufacture it and millions more just like it. RISK....but you don't want to participate in risk, or any of the stages a product goes through to be produced. In fact, you don't want to know about it, which is how you stay stupid. If a company should fail, are you ready to pay off 77% of their debt?

 

[Natural Citizen]

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?

The ones who get rich off the system itself shouldn't. No. Huh uh.

If you can rich the honest way, I'm okay with it.

Problem is a lot of em are getting rich off the system itself. The same system that makes the poor poorer.

 

[WillPower]

The more money that the billionaires accumulate, the more influence they have over our politicians, both repubs and dems. Used to be illegal to bribe politicians but no more, so now the koch brothers etc. do it in the open and guaranteed have more influence than most Americans. Why so many average income posters spend valuable time defending the very wealthy is beyond me. If three individuals , buffett, gates, and bezos, can own more wealth than the bottom fifty percent of america, then something's radically wrong in this country and trump and fellow politicians passing tax reform to send even more money to those at the top makes no sense at all to me.

Because we don't envy them, we admire them. They're all pirates who navigated the Queen's waters and looted the Queen's ships without getting caught or hanged.

 

[Deno]

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?

You libtarded losers are so jealous of successful people….

If you weren’t so stupid and/or lazy you would have a different take………

 

[beautress]

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?

A little something for that whine...

​

 

[Crixus]

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?

AOC says! Bet you would take a box of blankets if she said to huh?

 

[airplanemechanic]

This was like the age old argument from 10 years ago when gas was high and Exxon was making money hands over fists and the liberals were up in arms about that. Until I educated them on another forum that Exxon can spend 500 million dollars drilling a dry hole. If there is no reward why take the risk? The reason you have gas in your tank at all is because someone risked hundreds of millions, if not a billion dollars, drilling a hole in the ground in HOPES there was something there. Nobody will reimburse them if there isn't.

 

[danielpalos]

i vote no upper limit to markets at the cost of solving for simple poverty in our at-will employment States.

 

[Norman]

Should communists even exist?

Not in this country...

 

[Rustic]

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?

Lol
Washington redskin...
Who are you to say you ******* drunk ******* retard...