The top 26 billionaires own as much as 3.8 billion other people

[Kaido]

https://www.cnn.com/2019/01/20/business/oxfam-billionaires-davos/index.html

Just waiting for my CoolCoin to divest

 

[Mai72]

We all need some of that scratch

 

[IronWing]

We all need some of that scratch

Put your self interest into your voting and that can happen.

 

[ImpulsE69]

Glad to see I'm still on that list. Screw all you peasants.

 

[WelshBloke]

https://www.cnn.com/2019/01/20/business/oxfam-billionaires-davos/index.html

That is not a sustainable way for an economic system to survive.

 

[Jon-T]

And I'm sure each member here owns as much as 15,000-20,000 other people.

 

[brianmanahan]

 

[Ajay]

That is not a sustainable way for an economic system to survive.

IDK, didn’t it sort of work out in the Middle Ages?

 

[soulcougher73]

IDK, didn’t it sort of work out in the Middle Ages?

Only up to the point of being beheaded.

 

[highland145]

OMG, can I still go out and work/produce/invent/educate my out of $1.99/day of bread?

"NO, you peon. $1.30 for you, you anus wiping leper."


Granted, at some point, all of the ruling class become dictators. "Bernie, 2028"

 

[fralexandr]

apparently you're in the top 1% income worldwide if you make more than ~32.4k usd, but you need 770k in assets to be top 1% in wealth.
https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp

 

[dasherHampton]

Yes, it's a problem, but that overstates the issue.

Billions of people in this world would have nothing whether billionaires existed or not.

 

[Red Squirrel]

Imagine if those rich people actually paid the same percentage of tax as we do. A lot of that money could potentially be reinvested into the economy or at very least, the infrastructure and social services. But may as well also hope that unicorns exist.

 

[highland145]

Imagine if those rich people actually paid the same percentage of tax as we do. A lot of that money could potentially be reinvested into the economy or at very least, the infrastructure and social services. But may as well also hope that unicorns exist.

Do you not understand our progressive tax code? 2nd, 15% on investment income, could use some work. 3rd, under $50K and you don't pay a dime (potentially). 4th, pump out a kid or 3 and EITC can get you $3K per kid back when you never paid a dime in. NOT A DIME. 5th, lawmakers will funnel those $$ somewhere else, like the social security/medicare insolvency. 6th, just like the sugar tax proposals...poof and still a bunch of fat people. 7th, give $$/benefits to illegals that suck resources and are a net loss to the economy...

Amen, let's take Bernie's $50M.

 

[IronWing]

Do you not understand our progressive tax code? 2nd, 15% on investment income, could use some work. 3rd, under $50K and you don't pay a dime (potentially). 4th, pump out a kid or 3 and EITC can get you $3K per kid back when you never paid a dime in. NOT A DIME. 5th, lawmakers will funnel those $$ somewhere else, like the social security/medicare insolvency. 6th, just like the sugar tax proposals...poof and still a bunch of fat people. 7th, give $$/benefits to illegals that suck resources and are a net loss to the economy...

Amen, let's take Bernie's $50M.

You're on roll tonight.

 

[highland145]

You're on roll tonight.

Shit. Did Perk notice?


edit: Are you in my coffee klatch? Their ears are full.

 

[sandorski]

They just Work that hard. ;colbert;

 

[zinfamous]

IDK, didn’t it sort of work out in the Middle Ages?

It worked for a while, when you kept the peasants ignorant and disease-ridden, living in the slop, for generations on end. They were too sick or dead and too stupid and too thoroughly convinced that their God had demanded it be that way.

...then they learned to read and eventually a lot of heads started rolling. I guess this is kinda what we are voting for again?

 

[IronWing]

Reading causes so many problems.

 

[Stopsignhank]

It worked for a while, when you kept the peasants ignorant and disease-ridden, living in the slop, for generations on end. They were too sick or dead and too stupid and too thoroughly convinced that their God had demanded it be that way.

...then they learned to read and eventually a lot of heads started rolling. I guess this is kinda what we are voting for again?

And somehow our billionaire president has managed to convince the peasants that he is one of them.... Too P&N?

 

[highland145]

Reading causes so many problems.

And then there's the comprehension problem.

And somehow our billionaire president has managed to convince the peasants that he is one of them.... Too P&N?

Don't delude yourself into thinking the other 435 in DC don't consider you a peon too.

 

[BudAshes]

Well Jesus did say you had to have atleast a billion dollars of net worth in US currency to make it to heaven. They can't just be letting everyone in you know.

 

[FerrelGeek]

Funny thing. If you look at the list of the richest people in the US, most of them are on the political left.

 

[sdifox]

Funny thing. If you look at the list of the richest people in the US, most of them are on the political left.

So are you willing to tax them more now?

 

[FerrelGeek]

Their politics doesn't concern me per se. They're perfectly welcome to give their $Bs to the .gov to achieve proper income distribution or whatever. They'll all make sure to buy the needed votes in congress to make sure that their investments aren't over taxed. After all their wealth is in their investments, not in earned income.

So are you willing to tax them more now?