Large numbers of people don't understand what a billionaire is.
If you, like most of us, ONLY make $1 million a year, it would take you 1,000 years to make $1 billion.
Or, if REALLY lie most of us, you make $50,000 a year, it would take you 20,000 years.
TWENTY THOUSAND YEARS!
If you tax someone who makes a billion a year at a 90% top rate, they would "only" take home $100 million a year.
Sam Zell has passed away.
Despite not being an economist he predicted a recession for 2024. Will he be right?
His allies in the billionaire class & House Republicans are doing their utmost to make one happen. Will McCarthy obey his donors?
https://abcnews.go.com/Business/wireStory/sam-zell-billionaire-real-estate-investor-dies-99428579
Rusal bought McConnell his Kentucky Senate win & now billionaires are dumping their stake in it?
Is the DOJ getting close with #FollowTheMoney investigations?
Florida pension funds lost a mint divesting from their Russia investments.
Here we go again, more imprudent investments to placate GOP donors.
Imagine what kind of mess they'd make if Social Security was privatized.
Kevin McCarthy threatens a global financial crisis so his hedge fund donors can "play" with a privatized Social Security.
The same folks who funded NFT's & crypto scams, & can't keep regional banks solvent, want control of Social Security.
https://jacobin.com/2023/05/ron-desantis-donors-pension-sec-rules-pay-to-play
Florida’s GOP-controlled legislature just sent Gov. Ron DeSantis a bill that would put more state pension money in the hands of his prospective Wall Street donors. The bill could put DeSantis on the wrong side of a long-standing anti-corruption rule.
Dave Johnson
Nicole Parsons