re: CNN: The US would be better off with fewer billionaires

Where would the incentive be if you take away making money

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Okay, so what's the solution other than tax the shite out of billionaires? They aren't going to quit making money and finding tax breaks. And where does that tax money go? Far more likely to line the pockets of rich cronies than boost up the lower class.

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I agree that a wealth tax is a terrible idea and it's been proven in other countries to not work. The fact that we have people running on a wealth tax is astounding.

A VAT tax forces the large corporations to pay taxes, but it can disproportionally affect the poor with price increases and extra taxes. That is where UBI comes in - now you increase that poor persons income by $12k a year by giving the VAT tax money out and the poor people still come out ahead.

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Sucks to suck

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It's easy to say that now. Until the day comes where the suckers eventually decide they have less to lose by revolting than not. Then the sucking will be on the other side. We're probably still a long ways from that though. Life is still pretty damn good here compared to most places. We still should be aware of what's going on under the surface though and realize that eventually the bubble will burst at some point. And stop believing that there is any sort of real solution in team politics.

Check out the college admissions scandal. I promise you that it isnt a fluke or isolated incident. Rules are in place for the suckers, not for them.

I bet you still think that college admissions are merit based.

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I just don't understand how people can say it's more morally palatable to have the money taken from people, give it to a group of corrupt politicians who then turn around and use it to essentially buy votes and get kickbacks than to give it directly to the people that need it.

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Couldn't agree more. I, too, am disgusted by Trump gifting corporate farmers $30,000,000,000 of tax payer money, with more to come, because of the trade war he started. That's a lot of money per vote, eh?

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Quick! Name a country that became more prosperous after eliminating “the rich”.

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Democrats don't want to eliminate "the rich". We want them to pay their fair share of taxes (by %). We don't see a reason CEOs in the 60' and 70's made 70 times more than an average worker at their companies but are suddenly worth 400-500 times their average worker today. Why is a CEO who bankrupts a company or underperforms given a $400M parachute payment for failing? Meanwhile, the ordinary guy at that company might get a severance package of 2-3 weeks pay despite going in and doing a good job every day?

I want people to succeed. I think I've done a decent job succeeding in life. I want my friends and family to get rich and be successful. I also think people who make it on the backs of the everyday man shouldn't have a problem contributing to the society who helped them reach that point.

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We want them to pay their fair share of taxes

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They do. And more.

A guy worth a billion dollars isn't the reason you struggle in life. It's still pure jealousy.

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That's what America is supposed to be about right? Land of opportunity.

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"Suposed to be" and is are two very different things. The last thing the wealthy want is actual competition. That's why ISP's have regional monopolies. That's why union busting was such a big deal. The whole free market capitalism is PR.

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They do. And more.

A guy worth a billion dollars isn't the reason you struggle in life. It's still pure jealousy.

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I love when you pretend to be rich.

I don't struggle in life, nor did I have to runaway to Alaska to hide from society.

The way the rich abuse tax laws, our tax system has nearly become regressive.

Rich people foot a lot of the tax burden in the US.

I don't want to tax rich people any more, I want to make sure the large corporations they run pay their fair share of taxes. That's where there is a glaring hole.