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It's still a pretty staggering statistic. You really gotta ask, how wealthy does an individual have to be? It appears there is no limit, even beyond the wealth

It's still a pretty staggering statistic. You really gotta ask, how wealthy does an individual have to be? It appears there is no limit, even beyond the wealth most people can even imagine. Also these individuals' wealth did not derive from income.

username90 6y ago
Return on capital is also income. You should compare that with GDP. Also a better measure of gap between rich and poor since it says how big part of the GDP each group gets.
- imtringued 6y ago
  Capital gains are not taxed as income and in our current economic system capital gains can grow independently of the economy.
  - inter_netuser 6y ago
    how can capital grow independently of the economy? it's a core part of the economy?
Wolfenstein98k 6y ago
Why would there be a limit? How would you enforce it? Much of this covers from options in the brands they built. The stocks aren't being taken from anyone. So... Why would there be a limit? How would you enforce it?
- KozmoNau7 6y ago
  Tax capital gains, tax inheritance, actually enforce corporate tax laws, bust tax shelters. The remedy is right there in front of us, but blocked for political reasons and greed.
  - gher-shyu3i 6y ago
    Why tax them? If they made their money fair and square, it's their's and their inheritors to keep. Islam already solved this over 1400 year ago. Zakat laws are fair, and not egregious like some of the crazy taxation proposals we've been seeing thrown around, with no understanding how they will actually destroy the economy. Zakat has 0% income tax, 0% gains tax, 0% inheritance tax, and only taxes certain things at a very reasonable fixed rate (e.g. money that is 1 year old is "taxed" at 2.5% which is payable to charity among other things). This encourages people to work for wealth, and sustains the economy and society as has been proven historically. A huge underlying issue that no one is willing to talk about is how the modern economic system is built on lending (with interest), a predatory and dangerous practice that has been prohibited thousands of year ago by Islam, Christianity, and Judaism. Fix the underlying problem (and anything that offshoots from it, such as stock shorting), and things will start to fall in place.

username90 6y ago

Return on capital is also income. You should compare that with GDP. Also a better measure of gap between rich and poor since it says how big part of the GDP each group gets.

imtringued 6y ago
Capital gains are not taxed as income and in our current economic system capital gains can grow independently of the economy.
- inter_netuser 6y ago
  how can capital grow independently of the economy? it's a core part of the economy?

Wolfenstein98k 6y ago

Why would there be a limit? How would you enforce it? Much of this covers from options in the brands they built. The stocks aren't being taken from anyone. So... Why would there be a limit? How would you enforce it?

KozmoNau7 6y ago
Tax capital gains, tax inheritance, actually enforce corporate tax laws, bust tax shelters. The remedy is right there in front of us, but blocked for political reasons and greed.
- gher-shyu3i 6y ago
  Why tax them? If they made their money fair and square, it's their's and their inheritors to keep. Islam already solved this over 1400 year ago. Zakat laws are fair, and not egregious like some of the crazy taxation proposals we've been seeing thrown around, with no understanding how they will actually destroy the economy. Zakat has 0% income tax, 0% gains tax, 0% inheritance tax, and only taxes certain things at a very reasonable fixed rate (e.g. money that is 1 year old is "taxed" at 2.5% which is payable to charity among other things). This encourages people to work for wealth, and sustains the economy and society as has been proven historically. A huge underlying issue that no one is willing to talk about is how the modern economic system is built on lending (with interest), a predatory and dangerous practice that has been prohibited thousands of year ago by Islam, Christianity, and Judaism. Fix the underlying problem (and anything that offshoots from it, such as stock shorting), and things will start to fall in place.