Ah yeah. It would take a lot. Even at 90% $100m from a billion is still way more than most of us.
Ah yeah. It would take a lot. Even at 90% $100m from a billion is still way more than most of us.
If the tax bracket for no taxes is $10k, you don’t get taxed if make under that.
If the tax bracket for 5% is $10-20k, and you made $15k, the first $10k is not taxed, but the $5k is taxed at %5.
So you would never make $0 after taxes, even if you made it into the hypothetical 100% tax bracket.
The guard rails held last time. Barely. But the thing with guard rails, is that when someone smashes into them, you have to fix them or else they won’t hold the next time they get smashed into. And we did fuck all to fix the government after the last trainwreck so there’s no guard rails this time. There might not even be a chance to vote in a fix in a year and a half, things may be too fucked by then.
If there’s so much fraud, why has not a single person been charged with, you know, fraud?
Paraphrased from Cody Johnston.
It’s a condemnation of capitalism and all of human society that an idiot like Elon is the wealthiest person on the planet.
If there is a WWIII, I doubt America will be left alone as much as it was the last two times, especially since that led to America becoming the economic powerhouse it became.