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> Hmm 250 million a year from Bezos. Who made something like $50 billion in that time-frame. Except fot the fact that he didn't make $50 billion.
by unmole 5y ago
> Hmm 250 million a year from Bezos. Who made something like $50 billion in that time-frame.
Except fot the fact that he didn't make $50 billion.
- danny_codes 5y agoIMO this kind of thinking is narrow-minded. Americans seem very opposed to taxing wealth for some reason. I believe it's a fear of change mostly, or perhaps an irrationally strong belief in some narrow school of economic thought. Even if you are fully indoctrinated though and are ideologically opposed to a wealth tax, perhaps you can recognize the insanity of capital gains tax, whereby Bezos (upon selling his shares) pays just 15%.
- unmole 5y agoThe top federal tax rate on long-term capital gains is 23.8%. I'm not sure where your 15% comes from. Calculation of capital gains does not account for inflation. Taxing a nominal increase in value over multiple years at the same level as income makes no sense. I resent the implication that I am indoctrinated in some parochial ideology. Especially considering I'm not even American.
- titusjohnson 5y agoIf he can use the 50 Billion as collateral in a loan with which to fund his life, he clearly made something.
- VirusNewbie 5y agoIf I can use my previous income to get a loan from Visa (by credit card) does that mean I 'made' money on my future earnings? I'm not opposed to the idea of front loading taxes by taxing loans after a certain threshold.