Tsaki says

Oculus Spirit [97727]

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People also need to understand their "class" placement

Apr 28, 2021, 3:13 PM [ in reply to It's not defending the 1%, it's facing the reality that the ]

is related to income, not to asset valuations. Some of the top .1% in assets, are not in the top 1% of income, but far lower. This is where everything goes off the rails. People see someone's net worth and think they have that much money. Or assume they EARN x amount of money. Most billionaires have lower incomes than most in the top 10% of incomes if I had to guess. They would qualify as upper or upper middle class on income, or less, but have more assets than 99.9% of other Americans. Likewise, a millionaire, with maybe 10 million in assets, but a successful non traded private business, may EARN $1M or more a year, and as such that guy worth maybe 10 million dollars is upper class, top 1%, yada yada, and Joe the billionaire who owns a multinational corporation may EARN $80K a year, and would be middle class based on income.

Most of the "wealth" inequality we see today, and everyone loathes, is asset inequality, not income inequality. It happened in the 1920's, which was the last time we had this kind of "gap". It always works itself out.

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a solution to a problem that does not address it's cause ever do anything but cause worse problems?

Is 'wealth inequity' a problem simply because it exists, or is it a certain amount, or is it the cause? The first can't be an issue, because I'm sure you would agree that a surgeon should make more than a mechanic, so already it's not about different wealth, but about how it occurs.

If its not about its existence, but how it occurs, surely one would see that tax fiddling makes more problems while leaving the actual problem unsolved, unless one is like what Orwell described: "Its not the poor they love; it's the rich they hate."

Nothing should be emotionally driven, but near the top of things that shouldn't be, tax policy has to be one of them. Figure out what it is you really don't like, say it, and propose a solution.

Tsaki says "don't worry, we're only taxing 1% of Americans"

And you're completely ok with the fact that 1% of the

It's not defending the 1%, it's facing the reality that the

^^^POTD^^^***

People also need to understand their "class" placement

you obviously do not know

What does that have to do with tax? When does applying

Are they screwing everyone on taxes by paying 39%...

Re: And you're completely ok with the fact that 1% of the

you seriously teach economics?***

Re: Tsaki says "don't worry, we're only taxing 1% of Americans"

Curious, how many small biz owners are in 1%?***

A lot.

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