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Many (maybe most) wealthy people are happy to pay taxes. But the news only shows us the Manaforts, Trumps, Romneys and the like......the bottom of the barrel. And, unfortunately, those are the folks making the tax (or lack of) decisions these days.
I've been very fortunate and paid lots of taxes over the years. However, I just checked and it turns out I will have to pay very little now...even if I have good income. This is, of course, wrong in an era where that money is being given to me out of debt and deficit.
But, hey, who am I to argue with the will of the American people who cheer tax cuts out of debt and deficit? I'd rather pay more and have a balanced budget, universal health care, etc.
If there is anything (besides War) that won't work with a balanced budget it is UHC. That will require huge amounts of new money moving forward.
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
That's a hot air stat vis a vis Americans. The top 1% worldwide relative to USD income = ~$32,500 and up.
It's time for the rich of this country to pay. How is this fair. 1% of the population controls over 80% of the wealth. Just like the European aristocracy. I'm for rebellion.
Before you embark on your economic jihad get your numbers straight. In the US the top 1% hold about 38% of all wealth.
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
The bottom half of all wage earners pay virtually zero
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