Wealth of Elon Musk
2012: $2,000,000,000
2023: $248,800,000,000
Wealth of Jeff Bezos
2012: $18,400,000,000
2023: $160,900,000,000
Wealth of Mark Zuckerberg
2012: $17,500,000,000
2023: $105,200,000,000
Federal Minimum Wage
2012: $7.25
2023: $7.25
Three words: tax the rich.
Industrial revolution, technology revolution, AI revolution = coercive robotic (Amazon) workers (non-revolution).
Who else feels nothing has changed in the capitalist paradigm?!
🙉 'If you want it, dance to the tune!'
Politically, this would be more effective to rephrase as "tax the *really* rich so we understand it's only going to apply to a very small number of people and the merely comfortable don't think they're in the firing line.
And raise the earnings cap on social security from 100K to at least 250K. Cost of living is so high that even 100K earners will probably need to draw from it, so they should pay into it.
Main goal needs to be fixing capital gains tax. Capital gains are income. Period. They need to be taxed at normal income rates (aka the top brackets for most people who have significant capital gains income), not ~20-ish percent as in the US.
And the highest brackets need to rise.
While I agree with tax the Dutch, maybe realize that it’s mostly all in stocks and then maybe learn how stocks work… again I’m not arguing for the billionaires, but ffs maybe think a bit more on the issue
I saw this and wondered how long would it take to spend $100,000,000,000.00.
Let's say, for example, you spent $1,000,000.00 per day. It would take you approximately 26 years and 8 months to spend $100bn.
And that's assuming none of "principal" was invested!
If you were to spend $1,000,000.00 a day, it would take approximately 26 years and 8 months to spend $100,000,000,000.00.
That's assuming that none of the $100bn was invested...
this is a wrong theory, it is built to channel our anger on some random household famous guys, and distract us from people who are really responsible for the situation, and could change it. we should eat the congressmen, the government. not 'the rich'. the senators, that's the real villains.
if their (this) assets were not only virtual and based on faith 🤷♂️
yes they have more than enough, but just not sooooo much
and yes tax the rich
but rich starts with much smaller assets!
one of the things i see a lot is people saying “well, people in the 70’s made like $2 an hour and could still buy a house and a car and raise a family. be better with your money and blah blah blah…” while ignoring the fact that $7.25 is $.90 in 1970 money.
Musks will be gone in a few years. Why is Tesla valued over every American Automaker combined? Because stupid investments. Crappy product, life will correct
It's ridiculous.tbf the minimum in my country is a lot higher, but still not enough. Wealth does not trickle down, tax breaks for the rich
JUST MAKE THEM RICHER
TAX THE RICH !!!!!!
Rich people love to say that it just isn't fair for them to pay their fair share. Unfortunately, a huge amount of not rich people seem to think that rich folks are rich because they are smart, hard-working, moral people. In truth its only because they are greedy.
Bloody hell, no wonder they live the US. The UK min wage is =$13 ph and goes up annually, but people still struggle at the moment. 😥
Those amounts of personal wealth are obscene and it's down to exploiting their workers.
There’s “rich”, and then there’s “super, grotesquely rich.”
To me, it’s the concentration of wealth that’s the problem here. For example, if you want to have a more prosperous society that serves/benefits more people, 10,000 millionaires are better than 10 billionaires… if you catch my drift.
I don't object to taxing the rich, but it would probably be a stronger argument to cite how many people are compensated at the Federal Minimum, how that wage has been diminished by inflation, and how wage growth has tracked for the bottom 50% of wage earners.
$7.25 an hour... that's $15,000 a year if full-time. THIS is why people have to work two jobs. $15,000 a year just isn't sustainable!
I live in Southern CA. Our rent is up 78% from what is was back in 2012. My rate of pay then to now doesn't even come close to matching that increase.
The future is looking a little more positive, though the increases, even in California, the most generous state, don't match the increases of the billionaires above. Check out Georgia......
Ich fände es sehr anständig von ihm, wenn er seine 105 Milliarden auf 2 Millionen BlueSky accounts verteilt.
Schließlich waren wir cleverer als er.
Als kann er ruhig mal wertschätzen 🤪
For a man with such wealth, Musk does so little of any value.
I'd have started with ensuring everyone on this planet had access to fresh water for starters. He sickens me to the core.
That is exactly why you should see the most important documentary of the decade, BREAKING SOCIAL, with the subtitle 'Can we afford the rich?' www.breakingsocialfilm.com
Let’s hope Jack Dorsey doesn’t sell this place after we all move here. Because money always comes first for some people. We need a platform we can count on to be able to use our voice without anyone removing us from doing so.