Robert Reich

America’s ultra-rich are sitting on $8.5 trillion in untaxed capital gains.

Even on money that is taxed, the rich are making out like bandits.

In 41 states, the top 1% pay lower tax rates than everyone else.

When I say the system is rigged for the wealthy, this is what I mean.

Aug 27, 2024 at 10:33pmWeb
Show threadMegatronicThronBanksAug 27, 2024
@rbreich A trillion is kinda enough to start getting some serious work done on something. It really is time for us all, everyone, to start treating this as a problem that needs solving, not as any kind of 'status quo'.
Show threadmickymorseAug 28, 2024
@rbreich The wealthy bastards seem to think the middle class will not come for them and give them a Mussolini.
Show threadfloydgumpAug 28, 2024
@rbreich More is never enough for these empty abysses.
Show threadDavidAug 28, 2024
@rbreich “untaxed capital gains”. You made some similar comment yesterday, referring to “unrealized capital gains”. Where does this $8.5B number come from - and what is the definition of “ultra-rich”? I’m sympathetic to tax reform and higher rates, but this statement is too vague and simplistic to make any real sense.
Show threadTravis ScottAug 28, 2024
@rbreich if you can afford a lobbyist laws don’t apply to you
Show threadBritz 🇺🇸Aug 28, 2024
@rbreich the defensive responses to your post in endemic of our political situation. Every word you stated is being attacked from “what do you mean by ultra rich?” To “are you sure it’s not .001%?”. Meanwhile Trump says he’ll make a healthcare plan better than the ACA and nobody says umm “how?”
Show threadTody MotmotAug 28, 2024

@Britz @rbreich

This.

And remember in 2016 when Bernie Sanders was attacked in headlines by the MSM and by Republicans for having TWO separate plans to break up the big banks?

He said he would do it differently depending on who had control of the Senate. They still said he was not serious unless he had one single, strong plan.

Of course, it was fine that Trump had no plan and never even tried to get it done.

Seems only a handful of us voters have memories that last beyond 12 hours.

Show threadTC Won't Give In To LiesAug 28, 2024

@rbreich
$8 Trillion (with a T) in untaxed capital gains. (See 👆)

Yet another reason for a #WealthTax