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I highly doubt that they could actually get that amount. Billionaires have too many options to get out of paying. They’ll find loopholes.
Billionaires can't pass laws. That is on elected officials, who are an extension of the citizenry. I don't see why you are blaming billionaires where the real blame should be put on corrupt politicians (and by extension the citizens who voted for them) who actually wield the power to do anything.Those damn billionaires buy off your government, basically haven't raised wages in 40 years, spend millions lobbying for lower taxes, weak regulations, and to make sure your family depend on them for Healthcare. Yet here you are polishing their knob like a good little boy. I will never not find it hysterical that you "anti establishment" righties will never miss an opportunity to slob on the knob of the largest establishments that exist - multinational corporations
Except the top 1% do pay a disproportionate amount of taxes, about as much as the bottom 90% of earners. There may be some loopholes here and there but the data simply suggests that they are being taxed at a very progressive rate despite them. We should look at closing any loopholes we find, but that isn't on the billionaires to do, that is on politicians who wield the power to do so.I highly doubt that they could actually get that amount. Billionaires have too many options to get out of paying. They’ll find loopholes.
you must be living under a rockCan always rely on this place to be full of simps for billionaires. Mfs have ant mentality ffs.
that’s income taxes. billionaires don’t become billionaires via their salaries.
Those damn billionaires buy off your government, basically haven't raised wages in 40 years, spend millions lobbying for lower taxes, weak regulations, and to make sure your family depend on them for Healthcare. Yet here you are polishing their knob like a good little boy. I will never not find it hysterical that you "anti establishment" righties will never miss an opportunity to slob on the knob of the largest establishments that exist - multinational corporations
this guy doesn’t understand what a government is <Lmaoo>I hate low life's that try to leech off successful people.
In this case it is the government leeching off successful businessmen.
Why doesn't the government create something positive for themselves rather than steal other people's money?
Can always rely on this place to be full of simps for billionaires. Mfs have ant mentality ffs.
1) Already by the premise of making billions, a billionaire has usually already contributed to society by way of making those billions. Probably by a company that provides some sort of service or resource that is in demand that warrants them becoming a billionaire. The company would employ people as an additional benefit to society on top of that. On top of that, they likely have paid more taxes in a year than most families will pay in their lives.
Also the top 1% already pay a disproportionate amount of tax compared to their income. They pay 1400% more tax the bottom 50% pay, and given that they are only 1% of the population, on average someone in the top 1% pays a thousand times more than a person in the bottom 50%. Perhaps you should be thanking them for actually contributing to society and paying for so many people.
Amazon is only a monopoly because people love to use it so much. There are plenty of other online retailers, but most consumers choose to use Amazon. Walmart is similar although there may be a case for predatory pricing there, however from what I know of Walmart is that they've generally kept their prices lower than others, not just to price out the competition but because they actually have the economies of scale to provide low prices.Going to take issue with this. Does the Waltons or Jeff Bezos perfecting a system whereby they can squeeze smaller companies out of business by undercutting them while paying their own staff as little as possible really contribute to society?
How is it incorrect? Do you distrust the numbers the IRS puts out?It must be wonderful to be this naive and incorrect.
Amazon is only a monopoly because people love to use it so much. There are plenty of other online retailers, but most consumers choose to use Amazon. Walmart is similar although there may be a case for predatory pricing there, however from what I know of Walmart is that they've generally kept their prices lower than others, not just to price out the competition but because they actually have the economies of scale to provide low prices.