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Sorry to break it to you but the Democrats are coming for the money of the bottom of the 1% too...and the 2%, 3%, and so on down to probably the top 25%. You can't fund massive social programs, pay interest on the national debt, and support a giant military without taxing practically everybody.
I'm actually in a higher tax bracket than the people you named. With the possible exception of the Clintons, they already have their money and are spending it, so they only pay taxes on investment income if they have any (most people had a loss last year).
Warren Buffett spells his name B-U-F-F-E-T-T, like Jimmy.
Carried Interest Loophole. People on Wall Street who "manage" other people's money only pay 23.8% tax on the compensation they earn. Look at your paycheck. How much do you pay in taxes? I bet it isn't 23.8%.
Very few people have an effective fed tax rate anywhere near 23.8%.
In my opinion, the best time to be the top margin was in a time of the steadiness. And that usually required the steady politics.
What did you think that making the China growth? The cheap labours? Nah, I thought it was the steady politic environments that attracted the investments. After all, you won't leave your billion dollars in a mad person's hand; or whosoever has no credibility.
Edited: Winning a war or failing a war, sometimes, they do not matter. In Chinese, we say " The monks could run, but a temple(the building) dose not. The good credibility goes a long way though.
What is fueling the Chinese growth is massive debt. 250% of GDP. The government owned heavy industry parts of their manufacturing base like steel are a money losing disaster. The country has staggeringly bad wealth stratification. It is still an authoritarian dictatorship. All that threatens to drag the vibrant tech sector new economy into the dumpster. China has saturated their export driven manufacturing economy and isn't doing a good job creating a consumer driven middle class domestic economy. Growth is now down to maybe 6.5% if they're lucky. They can't keep fanning the flames with debt. It will all get quite ugly eventually. Remember Japan, Inc that was going to own the world?
Then during my life I looked around confused at the other people that made it to the egg, but felt the need to be bitter and constantly complain about others that had more money than them.
Humans. A species that lacks the ability to be grateful for what they have, with pathological jealousy and envy their eternal weakness.
Wah, wah, wah. . . .crying for a bottle as an infant. And as adults, crying, kicking & screaming that they don't have millions of dollars.
I dunno man people like Buffet, Gates, and Bloomberg pay a lot more income tax than your average high salary person.
Billionaires pay more in absolute dollars, but their effective tax rate is lower because of the ratio of different types of income.
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