Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

patphil

(6,379 posts)
10. On the average, these guys have increased their wealth by nearly 14 times since 2012.
Fri Mar 15, 2024, 01:26 PM
Mar 2024

The Federal minimum wage needs to go up to $12. per hour right now, with $2. bumps for each of the next 4 years.
Covid reeked havoc on the inflation rate for 2021 thru 2023, driving middle and lower class actual purchasing power down hard. Workers were left standing out in the cold as corporations and the super rich continued to do well.

Now the workers need to catch up, and the ones who reaped tremendous profits need to share that wealth.
I would like to see a 1 time 20% wealth tax on all people with at least $1 billion in net worth, and a 10% wealth tax on those with $500 million to $1 billion, and 5% on all those with $100 million to $500 million.
From just Musk, Bezos, and Zuckerberg that would be over $100 billion.
These people are leaches on society, draining the lifeblood from the working class.

Take that 40-hour week defenders! redqueen Mar 2024 #1
Plenty of those right here. ret5hd Mar 2024 #2
Honestly no idea how that's possible redqueen Mar 2024 #3
here: ret5hd Mar 2024 #4
WTAF??? niyad Mar 2024 #7
They do it all over Europe. And I think they have a better standard of living than we do Maraya1969 Mar 2024 #15
Sorry. I was referring to all the negative, gasping, pearl-clutching comments niyad Mar 2024 #17
Oh------Got it Maraya1969 Mar 2024 #25
To be fair, the comments disparaging Sanders and the thread in general Wednesdays Mar 2024 #38
True. But they were. . .verbose. niyad Mar 2024 #39
We've learned that there's a cohort of maybe 20 to 30 percent of the population littlemissmartypants Mar 2024 #42
Some days I need a LOT of chocolate and wine! niyad Mar 2024 #45
Excellent coping strategies! ❤️ littlemissmartypants Mar 2024 #47
Hmm... I can only see less than half of the replies. demmiblue Mar 2024 #14
It's the usual crew Prairie Gates Mar 2024 #18
I read that post yesterday, but never read the replies. Now that I have I've added a couple of people to my ignore list pecosbob Mar 2024 #37
Happens to me a lot. littlemissmartypants Mar 2024 #43
I resemble that remark I'm a capitalist parasite Warpy Mar 2024 #21
dont forget some of the idle rich too. AllaN01Bear Mar 2024 #5
Parasites... Hermit-The-Prog Mar 2024 #6
On the average, these guys have increased their wealth by nearly 14 times since 2012. patphil Mar 2024 #10
Once upon a time, our tax code discouraged hoarding and encouraged re-investing. Hermit-The-Prog Mar 2024 #11
K&R mountain grammy Mar 2024 #26
Need huge tax on the Paris Hilton multigraincracker Mar 2024 #8
Of all the celebs and super -rich, you chose Paris Hilton? Why, exactly? niyad Mar 2024 #19
If born to any middle or multigraincracker Mar 2024 #22
Google Paris Hilton tax v estate tax. multigraincracker Mar 2024 #29
How fascinating that you are using a trope from years ago, about a woman niyad Mar 2024 #34
I did look on wikipedia.org. multigraincracker Mar 2024 #41
Cherry picking ? There were quite a few other, more positive paragraphs. niyad Mar 2024 #46
I am fascinated that you multigraincracker Mar 2024 #48
Bravo! K&R jmbar2 Mar 2024 #9
I prefer to frame it as: Initech Mar 2024 #12
1) RW brainwashing; and 2) A generalized sense of futility and of being in survival mode peppertree Mar 2024 #16
Yup. And like I keep saying on social media. Initech Mar 2024 #27
Sad, but true. peppertree Mar 2024 #31
I know, it's scary as hell to think about. Initech Mar 2024 #33
No - but they do have two major RW news networks (which, in turn, own many newspapers and radio stations) peppertree Mar 2024 #36
Too many basically have BlueMTexpat Mar 2024 #52
BRAVO! Maraya1969 Mar 2024 #13
Kickass LudwigPastorius Mar 2024 #20
Kicked and recommended Uncle Joe Mar 2024 #23
Those three families should be advocating for fairness Bluethroughu Mar 2024 #24
K&R ck4829 Mar 2024 #28
Boom................. turbinetree Mar 2024 #30
Nailed i malaise Mar 2024 #32
For what it's worth, we mostly broke up the zaibatsu in Japan after WWII. pecosbob Mar 2024 #35
Brilliant speech and summation of where we are at in this country. llmart Mar 2024 #40
Hear! Hear! Well done, Shawn Fain!! littlemissmartypants Mar 2024 #44
I love how his name makes me think of Sinn Fin dflprincess Mar 2024 #49
I fucking love this guy. Good on the UAW for recognizing his leadership skills! n/t D23MIURG23 Mar 2024 #50
K&R Blue Owl Mar 2024 #51
Retired GM here yankee87 Mar 2024 #53
Powerful! NYC2ATL Mar 2024 #54
Latest Discussions»General Discussion»Wow. UAW President Shawn ...»Reply #10