This got deleted when someone else posted it, apparently. It was still open on my phone, so I’m trying to preserve it
this post was submitted on 13 Dec 2024
34 points (100.0% liked)
Politics
10192 readers
85 users here now
In-depth political discussion from around the world; if it's a political happening, you can post it here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I feel like it was bad that I was thinking of the Super Mario Bros when I read "trillionaire."
I have very conflicting feelings about it all. We ultimately should have processes to stop people from accumulating too much wealth. There should be a cap, in my opinion. But I have no idea how that would be implemented or enforced. People become above the law when they hit a certain point, which defeats the point of our society. At that point, they are no different than kings and queens.
Once upon a time, between 1945 and 1963, the poorest US taxpayers paid 3% on income, while the richest had to pony up 91%.
https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates
Imagine that, instead of the 2024's current 10% vs 37%...
https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets
The MAGA crowd should take a note of what used to "Make America Great".