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submitted 1 year ago by jeffw@lemmy.world to c/news@lemmy.world
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[-] PoopSpiderman@lemmy.world 145 points 1 year ago

What a disgusting shithole america has become.

[-] Entropywins@kbin.social 73 points 1 year ago

Become? They call it the American dream because you gotta be asleep to believe it.

[-] ArtVandelay@lemmy.world 15 points 1 year ago

I miss George

[-] FlyingSquid@lemmy.world 6 points 1 year ago

The American Dream has morphed into this "anyone can be rich" idea.

When I was a kid, it was a house and two cars.

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[-] rayyy@lemmy.world 6 points 1 year ago

It's only going to get worse. Money buys elections and Putin, along with American oligarchs have a lot to spend on getting their desired results.

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[-] ZeroCool@slrpnk.net 72 points 1 year ago
[-] danc4498@lemmy.world 67 points 1 year ago

More needs to be said about taxing the wealthy. 70% for every dollar over 10 million. Wealth tax for those hoarding wealth in stocks.

[-] FlyingSquid@lemmy.world 28 points 1 year ago

Fuck 70. It was 91 after WWII.

[-] danc4498@lemmy.world 15 points 1 year ago

I read somewhere that that was literally only for a single person. But the fact that taxes were used to aggressively trying to curb wealth hoarding is something we need to look at today

[-] MisterD@lemmy.ca 22 points 1 year ago

You are way too generous.

Some own islands, land, mansions, art, bonds, cars, boats.

[-] danc4498@lemmy.world 9 points 1 year ago

Not generous, but not thorough. Don’t ask me to write the bill!

[-] Daft_ish@lemmy.world 49 points 1 year ago* (last edited 1 year ago)

The New Bad Deal.

Rich get richer and everyone gets fucked on their taxes while dealing with crazy high inflation.

Thanks GOP! YOU GUYS REALLY KNOW HOW TO GOVERN

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[-] phoenixz@lemmy.ca 45 points 1 year ago

And yet poor people keep voting for him, thinking that the used car ~~salesman~~ clown will make them rich

[-] jeffw@lemmy.world 15 points 1 year ago

Used car clown? Sounds scary

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[-] SpacePirate@lemmy.ml 40 points 1 year ago

It’s not like these billionaires are spending this money, so it’s just been invested for 7 years. What’s the old adage, Rule of 72? Given a 10% rate of return, they would be expected to double their money in…

…seven years.

While the tax policies certainly aren’t helping the majority of the population, let’s not pretend compound interest isn’t a thing.

[-] grue@lemmy.world 34 points 1 year ago

It's not as if that makes it any better. Tax policy should be designed to actively combat the inequality increase created by compound interest, not go along with it.

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[-] WhatsThePoint@lemmy.world 32 points 1 year ago

Till we close the loop holes for these billionaire foundations buying elections (i.e. the Koch network) - billionaires will continue to tip the scales their way. Courts also need to be 10 year appointments, not life time.

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[-] carl_dungeon@lemmy.world 28 points 1 year ago

Trump is such a shit stain

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[-] Phegan@lemmy.world 23 points 1 year ago

Still waiting for that trickle down.

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[-] KittyCat@lemmy.world 20 points 1 year ago

What we need is a controlling asset tax, 99.9% tax on the value of assets controlled beyond $100m

[-] Jimmyeatsausage@lemmy.world 10 points 1 year ago

0.1% of a billion dollars is still 10m. Since we're on track to see our first trillionaires soon, I'd argue we need a 100% tax bracket as well. 0.1% of a trillion is 10 billion.

[-] bartolomeo@suppo.fi 7 points 1 year ago

0.1% of a billion dollars is still 10m.

It's 1m.

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[-] UncleGrandPa@lemmy.world 17 points 1 year ago

How likely is it that the trump tax giveaway was all about FUNDING the Fascist takeover of America ? Because they wouldn't have had the money otherwise

[-] MonkderDritte@feddit.de 9 points 1 year ago

But what for? Even with the toys of millionaires (yachts, villas), over a few 100 millions it's only a number.

[-] RememberTheApollo_@lemmy.world 33 points 1 year ago

They don’t just buy toys. They buy laws, politicians, service, deference, control, luxury, immunity…

When you have that much money everything is for sale and people will kiss your ass to sell it to you.

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this post was submitted on 09 Apr 2024
834 points (98.5% liked)

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