Re:Ending the Ivy League's Tax Dodge
by mschuster91 on Monday February 26, 2024 @06:30PM
(#39518163)
> The fact that the richest 10 people ALSO have more than those 40% doesn't really add anything to it.
Oh yes, socially this point definitely adds to the discussion. Cap everyone's maximum wealth at 1 billion $ - that is more than enough for anyone and their descendants to never have to work a single day in life again - and tax and distribute the rest towards the poor.
You'd lift a massive amount of people out of utter poverty that way, while not even inconveniencing the fat cats riding on the backs of their employees - and you'd get a nice economic boost on top, like with the covid stimulus funds.
> The richest 10 people are so rich that they have more than...
When, in reality,
> The poorest 40% are so poor that they have less than a normal poor person that only has $1 to their name
The fact that the richest 10 people ALSO have more than those 40% doesn't really add anything to it.