Right. It's so easy to work to become a billionaire and it's not like most of them are born into generational wealth (They didn't have to work for it).
It turns out maybe we can work to make change while not also becoming billionaires. Most people don't need to be billionaires. But everybody needs Food/Housing/Healthcare.
`There is no law`. Well, there are laws. And they do require them to be taxed. And historically their taxes were much higher. But Reagan sold the Trickle Down economics story to the nation, and now they pay dramatically less.
55.8% are self-made. Sure, many come from already middle to upper class which gives them room to fail. Still, a good chunk of them started with nothing.
Nobody thinks its easy to become a billionaire but they shouldn't be treated like everybody else. The wealth they command is wll beyond what most private citizens have at their disposal.
We are also missing out the mid to high 9-digit millionaires who also should be exempt from the asinine taxation policy that is meant to enforce serfdom.
The law is not for the hyper rich ($600MM in assets), they operate under a completely different law that our system is designed to protect.
This is good for efficient capital trickle down effect. We simply cannot be putting ceilings on incentives. It needs to be unlimited and it won't even register in the global economy.
Just because you can't tax billionaires don't mean citizens and the government is getting stiffed. This is exactly what the poor man thinks they think that because they are poor everybody else should be poor and taxed too.
Or did you think USSR had a good trickle down effect? Venezuela? France?
I don’t know why you’re so interested in defending the extreme privilege of people who have more money that you and the next thousand people you will meet several times over but enjoy it.
I don’t understand why people feel such a need to defend and worship those who have the most in our society while there are people who die from starvation/exposure/lack of healthcare in what is allegedly the greatest country on earth.
We don't have free market capitalism. Markets are highly regulated for both good (health, safety) and bad (anti-competitive (as in allowing effective monopoly/price-fixing to occur) reasons.
It certainly doesn't read to me like you think everyone is equally deserving when you're venerating those who have obscene wealth. It especially doesn't read that way when you're being intellectually dishonest by tacitly suggesting that providing the basic necessities to continue to exist is implicitly tied to failed/failing nation-states.
It turns out maybe we can work to make change while not also becoming billionaires. Most people don't need to be billionaires. But everybody needs Food/Housing/Healthcare.
`There is no law`. Well, there are laws. And they do require them to be taxed. And historically their taxes were much higher. But Reagan sold the Trickle Down economics story to the nation, and now they pay dramatically less.