Robert ReichDec 26, 2022
A handful of billionaires now have unprecedented control over banking, the food we eat, the health care we can access and, now, the information we receive.

This is what oligarchy looks like.
Show threadShamanDec 26, 2022
@rbreich wonder if this hasn't been deliberately done as we kept taxing rich people and corporations less and less.
#TaxTheRich
Would love to see a study of the economic impact of making individual incomes below $50k/yr tax-free and recovering that by raising taxes on corporations, capital gains, and top earners. There's enough money there, just not distributed right!
Show threadScimmia di MareDec 27, 2022

@RulesBuster @rbreich be careful of what you share 🙂

https://www.forbes.com/sites/davidmarotta/2013/02/28/dwight-d-eisenhower-on-tax-cuts-and-a-balanced-budget/?sh=7be7f4845047

Dwight D. Eisenhower on tax cuts and a balanced budget

Dwight D. Eisenhower is often quoted from his February 17, 1953 News Conference in which he said, The fact is there must be balanced budgets before we are again on a safe and sound system in our economy. That means, to my mind, that we cannot afford to reduce [...]

Forbes
Show threadShamanDec 28, 2022
@Madmonkey @rbreich ... I am not surprised that Forbes magazine sees taxing really rich people as " .. economic destruction ..". On the other hand, whether Ike thought high taxes are good or not, he did not want to lower them until deficits came down. Today, we simply refuse to properly #TaxTheRich & corporations to create more and more #Billionaires, who then try to manipulate our democracy to further increase their wealth to the detriment of the rest. #TaxTheRich
Show threadScimmia di MareDec 28, 2022
@RulesBuster @rbreich see, I'm not saying I don't agree. But for the sake of truth I must say Eisenhower have never said something like that.
Show threadShamanDec 29, 2022
@Madmonkey
I tried to verify the quote came from Eisenhower, but couldn't.
All I found was this on apnews.com, which is kind of a similar idea:
" The super rich could avoid the high taxes by investing their money in things that make America stronger. If they wanted to avoid high taxes, they could invest in business expansions and higher employee wages. They could give a million or two to tax-exempt non-profits that feed, house and clothe poor people ..."
Source: https://apnews.com/article/2184e9f18f6f4acca1ed007bdcdca818
Eisenhower proved higher tax rates could work

Shakespeare said, there is "many a slip twixt cup and lip" in "Hamlet." It implies that even when the outcome of an event seems certain, things can still go wrong.

AP News
Show threadScimmia di Mare
@RulesBuster again, not saying it's wrong. It only seems to me unfair to put in someone mouth things he never said.
Dec 29, 2022 at 8:59amWeb