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TkTech | 3 months ago
This isn't badass, it's a disgrace. They've hoarded an incredible amount of wealth generated by others and returned a sliver of it. You've been so conditioned to accept this system that you're even grateful for the scraps.
If they gave $100 billion, they'd still have over $51 billion in the bank. That's roughly $7 million a day for every day he's been alive, or enough to feed every child in America for over a decade. Imagine the regional economic stimulus if instead of being hoarded for nearly half a century that money was paid out in salaries to those actually earning that money. _And_ they'd still have billions.
piker|3 months ago
TkTech|3 months ago
America had a tax rate of 91% on the obscenely wealthy for decades and around 70% until the 80s. Reducing this to historical lows has universally, by both bipartisan and nonpartisan[2] parties, been found to have been the primary driver of inequality[1].
At even an absurd 99% tax rate, applied equally instead of tiered, Michael Dell would have $1.5 billion dollars.
[1]: https://publicintegrity.org/inequality-poverty-opportunity/t... [2]: https://sgp.fas.org/crs/misc/R42729.pdf