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re: How much wealth do you need to join the 1% club in your country?

Posted on 2/29/24 at 11:43 am to
Posted by lsu777
Lake Charles
Member since Jan 2004
31803 posts
Posted on 2/29/24 at 11:43 am to
quote:

Concepts like unrealized is part of the issue. What is the right way? Don’t know. Does it feel weird that a man with 200 billion dollars pays less than 10% effective? Yeah


he doesnt have 200 billion you idiot. he has billions in stock in a company where the stock price could plummet tomorrow

the right way is tax everyone 10% across the board on EARNED income aka flat tax or we go to the fair tax system

our system is the exact opposite of what you are claiming and the more you make the more it punishes you


yall cal them loopholes, i call them incentives.
Posted by Taxing Authority
Houston
Member since Feb 2010
57517 posts
Posted on 2/29/24 at 11:52 am to
quote:

he doesnt have 200 billion you idiot. he has billions in stock in a company where the stock price could plummet tomorrow
Correct. And millions of others are gaining wealth at the same rate he is. But the simpletons think all that capital is laying around some bank vault somewhere. It’s hard to persuade the ignorant.
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