No individual should command wealth equivalent to that of a nation.
this post was submitted on 12 Apr 2024
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My bar's lower than that, but, also yes
Trump’s tax cuts expired for the low and middle class two years ago, but are still in effect for the wealthy until December. Biden’s tax reform, which would go into effect in January, include a minimum 25% tax on billionaires, increases on corporate and high income tax, increased capital tax, and increased multinational tax.
BuT hE iS oLd
He is. Four years older than Trump.
Maybe they should spray paint him orange and yellow too.
It’s score card wealth. Absolutely ludicrous and pointless. It only serves to tip the power balance towards a handful of people over democracy.
It's not scorecard wealth for the exact reason you state. It gives them elite status and gives them the power that comes with it.
When you are worth more money than many nations are, the elected officials will kowtow to you regardless of what the people may want.
Yay we’re going back to feudalism!
Did we ever really leave it?
I say score card wealth to iterate it’s more than any person could claim to need to live on for even a lavished life. I did mention it being used to give them unfair power - I agree with you.