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Wed Oct 31, 2018, 05:48 PM

What Is To Be Done About Our Billionaire Problem?

Median Household wealth is falling, except of course for billionaires who are seeing six thousand percent growth on their wealth. At this level of inequality, a fulltime worker making fifteen dollars an hour would have to work for millions of years in order to get close to what billionaires make. There is nothing inevitable about the rich getting richer nor is there anything inevitable about the poor and working class getting poorer. Something must be done about it. Would a Wealth Tax be the answer to what is to be done about our Billionaire Problem?


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Reply What Is To Be Done About Our Billionaire Problem? (Original post)
thomhartmann Oct 2018 OP
Wellstone ruled Oct 2018 #1
Glorfindel Oct 2018 #2
brewens Oct 2018 #3
MrScorpio Oct 2018 #4
UrbanProspector Oct 2018 #5
rwsanders Oct 2018 #6
pansypoo53219 Nov 2018 #7

Response to thomhartmann (Original post)

Wed Oct 31, 2018, 05:51 PM

1. Nothing will Change.

Just more bitching. Best Government money can buy is still the rule of day.

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Response to thomhartmann (Original post)

Wed Oct 31, 2018, 05:52 PM

2. Simple enough. Just start using the 1957 income tax rates (for income earned in 1956)

That would solve the problem in short order, plus maybe save the billionaires and their families from the pitchforks.

https://www.tax-brackets.org/federaltaxtable/1957

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Response to Glorfindel (Reply #2)

Wed Oct 31, 2018, 06:09 PM

3. Precisely. Some of the billionaires understand that, but evidently not enough. Their goal

is to loot so much, that even after it all crashes, they still come out farther ahead. That's really already worked. We just need the working class white-wingers to figure that out. That's what all the hate is for. Keep us from working together.

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Response to thomhartmann (Original post)

Wed Oct 31, 2018, 06:55 PM

4. Braised with vegetables and a red wine.

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Response to thomhartmann (Original post)

Wed Oct 31, 2018, 07:46 PM

5. Can we get a

Transaction tax on the stock markets?.... would that even be enough to save the 1%?

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Response to thomhartmann (Original post)

Wed Oct 31, 2018, 11:35 PM

6. OK not realistic, but...

They seem to want to be royalty (although the Brits seem to have come to despise trump) anyway, I say give them a tin crown, a title, ship them to Europe.
They can take a bunch of their brown nosed bootlickers with them.

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Response to thomhartmann (Original post)

Thu Nov 1, 2018, 03:56 AM

7. taxes. go to pre reagan levels & make them twitch. ad a 2% extra bite for the debt+ deficit

link business cuts †o wages & if †hey do not INVEST in improvements or hike wages, rolls back.
CEO pay must be tied to wages too.

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