As I read about Bernie shredding billionaires backing Trump for their preference for an oligarchy over democracy, it struck a chord within me. The idea that these ultra-rich individuals would rather give up the principles of democracy just to safeguard their wealth and power is not only troubling but also a grim reminder of the dangerous path we are heading towards.
The fact that billionaires are so fixated on maintaining their riches that they are willing to sacrifice the very foundation of democracy speaks volumes about the toxic grip of greed and self-interest that has clouded their moral compass. They have become so entrenched in their wealth and power that they have lost touch with the realities faced by the average American.… Continue reading
As the news of G20 ministers proposing a minimum 2% wealth tax for the world’s billionaires circulates, it sparks a crucial conversation on the fairness of wealth distribution and tax obligations for the ultra-rich. The idea of taxing the wealthiest individuals may seem like a straightforward solution to address economic disparities, but the implementation of such policies presents a myriad of challenges and potential consequences that demand careful consideration.
One of the primary concerns raised is the possibility of billionaires relocating to countries with more favorable tax environments, leading to a loss of revenue for their home countries. The case of France serves as a cautionary tale, where the implementation of the wealth tax resulted in a significant exodus of millionaires, ultimately leading to a net outflow of wealth and a negative impact on the country’s economy.… Continue reading
America has long been characterized by the vast economic disparities between the ultra-wealthy and the average citizen. The plutocrats, the billionaires who wield immense power and influence, are now scrambling to protect their own interests by lining up to pay Trump’s exorbitant legal bills. Why, you ask? It’s quite simple: in their eyes, keeping Trump out of jail is a much cheaper alternative to paying their fair share of taxes.
The recent revelation that Trump and his team are reaching out to the same wealthy donors he once scorned paints a bleak picture of how money can buy power and favor in politics.… Continue reading
As a society, we have reached a point where the ultra-wealthy seem to operate by an entirely different set of rules. The recent news of billionaire Leonard Leo rejecting a Senate subpoena over supreme court gifts is just another example of the blatant indifference to the law displayed by the ruling class. It’s almost as if being a billionaire automatically grants you immunity from accountability. The fact that a congressional subpoena is now being treated as optional if you have enough money is a troubling reflection of the state of our government and justice system.
The issue of billionaires defying government orders brings to light the stark reality that there is a double standard at play in our society.… Continue reading
It’s truly disheartening to see the stark reality of who Trump truly serves laid bare at a recent fundraising gala, where he assured billionaires that he will keep their taxes low. This is a clear indication that his interests lie solely with the elite class, leaving his loyal supporters, particularly those in the MAGA cult, in the dust. The fact that he raised a whopping $50 million at this event speaks volumes about where his priorities truly lie.
It’s not surprising that Trump’s economic platform revolves around catering to the wealthy, as this has been a consistent theme within the GOP for years.… Continue reading
When I heard about MacKenzie Scott’s incredibly generous donation of $640 million to nonprofits, my heart swelled with admiration for her compassion and selflessness. The impact that this enormous sum of money will have on countless individuals and communities is immeasurable. Just the thought of how much good can be done with this donation fills me with hope and gratitude.
The fact that MacKenzie Scott exceeded her initial plan to give back to those in need speaks volumes about her character. It’s not every day that you see someone who is willing to give away such a substantial amount of wealth for the greater good.… Continue reading
The median is lower than the average because the top earners earn more than a normal distribution.
What’s even more fun is that billionaires and top “earning” millionaires won’t even be on this list because they record $0 income. The average would be even higher with total earnings.
They make their money (or just support their life style) from moving around assets and selling assets which is not taxable income, it’s “capital gains”. And a lot of times shell companies are used to avoid taxable events. It’s all a big “legit” scam.… Continue reading
John Q. Hosedrinker 
Matt Underwood