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And Republicans want to give more tax breaks to millionaires and billionaires.
by walterkobayashi 9y ago
And Republicans want to give more tax breaks to millionaires and billionaires.
- WalterBright 9y agoLowering corporate tax rates helps stock values, and 50% of Americans own stock directly or indirectly (via pension plans).
- joshuahaglund 9y ago80% of the value is held by 10% of the population. https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on-the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.fb1168b0fdd9 https://www.washingtonpost.com/posteverything/wp/2017/03/02/...
- rdlecler1 9y agoWhat about the other half?
- WalterBright 9y agoIt was in reply to the person who implied breaks were only for millionaires and billionaires, unless one believes that 50% of Americans are millioniares. See my other post in this thread on this topic about the democratization of stock investing in America. Of course, one must also choose to invest in stocks as opposed to, say, lottery tickets.
- analog31 9y ago"The workers own the means of production." ;-)
- jeffdavis 9y agoYes, but based on a market economy of capital.