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What would happen over time if a specific class of people had an unfair advantage? I did the math and Bloomberg has ALREADY earned back all the money he spent
by burtonator 6y ago
What would happen over time if a specific class of people had an unfair advantage?
I did the math and Bloomberg has ALREADY earned back all the money he spent in the election by literally doing nothing.
- They pay dramatically less taxes. Often zero percent on many transactions and with money hidden overseas or in specifically designed financial instruments for the rich.
- They have connections you don't because they send their children to ivy league schools, the ENTIRE purpose of which is to act as a filter for the rich.
- They own the means of production.
- The working class won't stand up for their rights, won't unionize, and consistently ...
- They can bypass state taxes entirely by lying about where they live.
I've started FOUR companies now. Sold three. I'm NOT a communist. Capitalism is amazing - but it's fundamentally broken.
All the criticisms that US conservatives have previously applied to the Soviet Union now apply to the US.
- The government picks the winners.
- Government and corporations are in bed with one another to the point where we have a centralized control of power.
The BEST reform we could have, and fight for, is adequate taxation. Make the rich pay the SAME % as everyone else. NO tax benefits for corporations for moving to a specific state/city. Uniform state taxation.
The extra money we make from making the rich pay their fair share, without having YOU subsidize them, should go to help ALL Americans pay for health care, education, etc.
If you're a Christian it's what Christ commanded you to do. If you're a good person it's the RIGHT thing to do because it helps your fellow man. If you're a capitalist it's the right thing because it will SAVE capitalism.
- dencodev 6y agoThe rich shouldn't pay the same percent. 20% of my income in taxes has pretty profound changes to my life. Bezo's getting taxed at 90% means he has fewer megayachts and fewer private jets and fewer private islands. That 20% means a lot more to me than that 90% means to Bezos. That is how we should measure value.