https://4taxfairness.substack.com/p/even-as-billionaire-wealth-surges
This Republican tax plan will start with extending all the expiring provisions in the 2017 Trump law–which alone will balloon the federal debt by $5 trillion over the next decade–but will likely include new handouts to the very wealthy, such as elimination of the estate tax.
Government by the very rich ON BEHALF of the very rich, but NOT the common man or woman.
THIS WILL CAUSE A BACKLASH AGAINST THE RICH.
https://www.theguardian.com/us-news/2024/dec/06/trump-us-cabinet-billionaires
At least 11 picks for strategic positions after Trump returns to the White House in January have either achieved billionaire status themselves, have billionaire spouses or are within touching distance of that threshold.
I totally concur with the conclusion of this video.
https://youtu.be/cu1kYmRIJ4U?si=JjELpm4Se4SlNmkm
Why billionaires should be ILLEGAL.
#Scotus #ScotusCorruption #Democracy #VHNWI
SC & Gifts
If one includes another 101 gifts that Justice Thomas likely received over those 20 years — that number jumps to 445 gifts valued at $4,780,720.
Not declaring gifts by SC judges.
https://newrepublic.com/post/182386/supreme-court-clarence-thomas-hiding-money
Thomas needs to choose
https://whowhatwhy.org/justice/clarence-thomas-can-be-rich-or-a-supreme-court-judge-but-he-shouldnt-be-both/
Almost 25 years ago, he said in a speech that he didn’t want to be a federal judge, he just “wanted to be rich.”
The speech mentioned. https://www.c-span.org/video/?c5080809/user-clip-stand
Such glaring inequity undermines the bonds of reciprocity and trust that sustain healthy societies.
In July, G20 finance ministers will discuss new proposals for an annual 2% global tax on the wealth of the world’s 3,000 or so billionaires.
States provide the healthcare, education and infrastructure that allow the very wealthy to make their money. Dodging the obligation to pay a fair share of the costs involved should not be an option.
Wann wird Vermögen unmoralisch.
🎁https://www.spiegel.de/wirtschaft/soziales/reichtum-wann-wird-vermoegen-unmoralisch-ingrid-robeyns-fordert-obergrenze-a-44116d74-3ead-439a-ad5e-f4fe75517345?giftToken=dc2e8ffc-022f-4a90-9280-9e7cda7b7202
“Extreme wealth causes extreme damage” in society, says economic researcher Ingrid Robeyns. How the world can become more fair - and what happens when the super-rich are dumped on an island.
The Case against Extreme Wealth with Ingrid Robeyns.
https://www.youtube.com/live/qnrJhvkFt3k?si=tbflpUt6dpAg5xuH
»Extremer Reichtum verursacht extreme Schäden« in der Gesellschaft, sagt die Wirtschaftsforscherin Ingrid Robeyns. Wie die Welt gerechter werden kann – und was passiert, wenn man Superreiche auf einer Insel aussetzt.
https://americansfortaxfairness.org/tag/democracy/
Democracy survives and thrives only when everyone can participate and have confidence that the rules are not rigged against them. But in recent years, billionaires have deployed their fortunes to influence candidates and elected officials at every level of government and even tried to sway the judiciary. We must tax billionaires fairly to protect democracy, and we must protect democracy to tax billionaires fairly.
https://americansfortaxfairness.org/wp-content/uploads/Billionaire-Family.pdf
Democracy survives and thrives only when everyone can participate and have confidence that the rules are not rigged against them. But in recent years, billionaires have deployed their fortunes to influence candidates and elected officials at every level of government and even tried to sway the judiciary. We must tax billionaires fairly to protect democracy, and we must protect democracy to tax billionaires fairly.
Dealing with the problem of the very rich in civil society.
https://hartmannreport.com/p/saturday-report-5424-us-billionaires
https://time.com/5888024/50-trillion-income-inequality-america/
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That’s Made the U.S. Less Secure
https://www.rand.org/pubs/working_papers/WRA516-1.html
Trends in Income From 1975 to 2018
Debunking the myth of the "genius" Billionaire.
https://youtu.be/_pUxqKqnMlQ?si=I-mZrtWCNaQH9_nW
... Brian Klaas joins us to debunk a common misconception about wealth – that all those who have it are smarter than average. Klaas uses probability to explain that though this is an easy assumption to make, it’s technically not correct.
Thinking smarter and working harder does not always make you rich; most of the time, it’s just about being positioned at the luckiest spot on the bell curve.
June 2021
The insane growth of #VHNWI capital is one more threat to #Democracy
His tax avoidance is even more striking if you examine 2006 to 2018, a period for which ProPublica has complete data. Bezos’ wealth increased by $127 billion, according to Forbes, but he reported a total of $6.5 billion in income. The $1.4 billion he paid in personal federal taxes is a massive number — yet it amounts to a 1.1% true tax rate on the rise in his fortune.
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
antipode77
