Wealth Cap?

@very-musty said
So we live in a world where the rich get richer and the poor stay poor.
So... would you agree that each individual could only make a certain amount of money?
If so...how much?

Once they reach the limit where would you put that extra money?

A billionaire is someone who has a million dollars 1000 times.
What can they buy that a regular millionaire can't?

I think ...[text shortened]... ne time.

Not 30 million a year that you build up.

30 million total wealth cannot be surpassed.

Heavy progressive taxation like the USA had in the 50's will accomplish the same goal without an arbritrary cap

@very-musty said
@techsouth

I was just playing 😉

No musty, Your situation is far worse than that. You can’t kid a Kidder.

@athousandyoung said
Heavy progressive taxation like the USA had in the 50's will accomplish the same goal without an arbritrary cap

Suzianne had an idea like that too.

Probably best 🤔

A blurb about income taxation, particularly for the ignorant ones that think the rich don't pay taxes.

The Pew Center’s analysis of IRS data showed that in 2014, people with an adjusted gross income, or AGI, above $250,000 paid 51.6% of all individual income taxes, even though they accounted for only 2.7% of all returns filed.

And now you know why I call you liberal liars. Enjoy!!

Their income is FAR beyond 51.6% of all income. The amount of property they hold and the money they extract as tribute (sorry, rent) from the working people as well as the amount of legal enforcement they use is also way more than 51.6%.

@AThousandYoung - said
"The amount of property they hold and the money they extract as tribute (sorry, rent)..."

Excuse me... property is NOT income. It is an asset that was paid for with POST tax income.
Rent IS income, and they pay TAX on it.

Get WOKE, man. I'd ask you for links that back up your gibberish but I know you can't find any. Carry on.

@earl-of-trumps said
@AThousandYoung - said
"The amount of property they hold and the money they extract as tribute (sorry, rent)..."

Excuse me... property is NOT income. It is an asset that was paid for with POST tax income.
Rent IS income, and they pay TAX on it.

Get WOKE, man. I'd ask you for links that back up your gibberish but I know you can't find any. Carry on.

Wealth distribution in US:

Top 10%: 77.1% of all wealth

Top 5%: 65.1% of all wealth

Top 1%: 38.6% of all wealth

Bottom 50%: 1.2% of all wealth

https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/

@very-musty said
I'll think we'll just get rid of the rich and greedy and sort out the other problems later.

We are poor now so being poor later won't matter 😉

But the poor now are supported by the rich thru entitlements. So you saying poor can do withou the entitlements? Musty? You and Marauder need to sort things out ovea Heinekins

@no1marauder said
Wealth distribution in US:

Top 10%: 77.1% of all wealth

Top 5%: 65.1% of all wealth

Top 1%: 38.6% of all wealth

Bottom 50%: 1.2% of all wealth

https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/

Given the resulting benefits provided by the rich people, like jobs with benefits, why are you trying to mess with it? It can only be to get the rich guys, like you try to get Donald Trump. Your hate is seething.

I have an idea. How about learning from the rich people, and go to work, and get rich yourself. It is quite possible and frankly easy to do it.

Except for the truly down and out poor people, I believe that people that are poor generally want to be poor. They are satisfied being poor. I know a guy that has been cutting the same golf course grass for 40 years, he is quite happy I would consider him quasi-poor. So maybe you Fellers are taking this all a little bit too far. I haven’t seen anybody starving yet, which was mentioned a few days ago here

@averagejoe1 said
Given the resulting benefits provided by the rich people, like jobs with benefits, why are you trying to mess with it? It can only be to get the rich guys, like you try to get Donald Trump. Your hate is seething.

I have an idea. How about learning from the rich people, and go to work, and get rich yourself. It is quite possible and frankly easy to do it.

Except for ...[text shortened]... l a little bit too far. I haven’t seen anybody starving yet, which was mentioned a few days ago here

There's no sense in talking to such an ignorant bootlicker as you. Your idiotic claims have been disproven on here many times, but you just keep brainlessly regurgitating the propaganda you are spoon fed.

There's hunger in the US: "https://www.feedingamerica.org/hunger-in-america"

There'd be a lot more if you got your way.

@averagejoe1 said
But the poor now are supported by the rich thru entitlements. So you saying poor can do withou the entitlements? Musty? You and Marauder need to sort things out ovea Heinekins

The rich are supported though entitlements

Well, between @AThousandYoung and @No1marauder, we should all break out in song! Yesssir!

National Anthem of the Soviet Union

United forever in friendship and labor,
Our mighty republics will ever endure.
The Great Soviet Union will live through the ages.
The dream of a people their fortress secure.

Long live our Soviet motherland,
Built by the people's mighty hand.
Long live our people, united and free.
Strong in our friendship tried by fire.
Long may our crimson flag inspire,
Shining in glory for all men to see.

@earl-of-trumps said
Well, between @AThousandYoung and @No1marauder, we should all break out in song! Yesssir!

National Anthem of the Soviet Union

United forever in friendship and labor,
Our mighty republics will ever endure.
The Great Soviet Union will live through the ages.
The dream of a people their fortress secure.

Long live our Soviet motherland,
Built by the peo ...[text shortened]... friendship tried by fire.
Long may our crimson flag inspire,
Shining in glory for all men to see.

https://www.minnpost.com/eric-black-ink/2019/03/reagan-warning-about-medicare-s-word-scare-tactic-goes-way-back/

"the Republican right has been playing this any-new-government-subsidized-benefits-pave-the-path-to-Socialist-hell-and-the-end-of-freedom card for decades "

If you want to spend 10 minutes listening to Ronald Reagan tell us how adoption of Medicare will lead to a Communist dictatorship in the US, there's a link to the audio in the article.

@no1marauder said
There's no sense in talking to such an ignorant bootlicker as you. Your idiotic claims have been disproven on here many times, but you just keep brainlessly regurgitating the propaganda you are spoon fed.

There's hunger in the US: "https://www.feedingamerica.org/hunger-in-america"

There'd be a lot more if you got your way.

Nobody in the USA knows what hunger is. The groceries and restaurants routinely throw away perfectly good food. The farmers every year, dump excess produce to maintain prices. Surplus animals are dumped in a big hole and executed. The garbage bins of every middle class family, are full of wasted food that nobody wants. Wild hogs [perfectly good food] are shot and left to rot. American dogs and cats eat better, have better medical care than most in the third countries. Americans, Canadians and Europeans, dont have a clue what the rest of the world is like.

@Rajk999

I'm pretty sure a chicken is more expensive here. 🤔
We are 9th worldwide for expensive chicken.
I'm sure it it the same for all foods.

https://www.numbeo.com/cost-of-living/country_price_rankings?itemId=19