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Help the billionaires

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baltimorened

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May 29, 2001
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Pharcyded said:
Campaign contributions influencing politicians is not some overstated conspiracy. Our elected officials spend an enormous portion of their time fundraising, and they’re not dialing for dollars from working-class Americans. They’re spending hours every day talking to wealthy donors, corporate interests, and lobbying groups.

When you spend half your professional life surrounded by people with money and power, you inevitably begin to see the world through their lens and prioritize their concerns. That’s not rocket science. It’s human nature.

The result is a political system where the donor class gets access, influence, and attention, while ordinary people are left wondering why so little ever changes in their favor.
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In your analysis though, don't lose track of the fact that the donor class also includes members of unions, small businesses, our IRAs, and multitude of NGO, non profits etc. The working classes are well represented in DC through all their organizations.
 
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Pharcyded

Pharcyded

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Sep 7, 2021
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baltimorened said:
In your analysis though, don't lose track of the fact that the donor class also includes members of unions, small businesses, our IRAs, and multitude of NGO, non profits etc. The working classes are well represented in DC through all their organizations.
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Absolutely, but you and I don't benefit as much in comparison as the billionaire class does.
 
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baltimorened

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May 29, 2001
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Pharcyded said:
Absolutely, but you and I don't benefit as much in comparison as the billionaire class does.
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don't disagree, but I took your last sentence as intimating that only donor class was getting access, influence etc... and you're not 100% wrong, but donor class does include 'little Guy".Teacher's unions are some of the most powerful in the country
 
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AlexanderUrinis

AlexanderUrinis

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Feb 24, 2025
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bdgan said:
Two things that amaze me:

1) U.S. governments continue to spend more than ever (38% of GDP) and the growth in spending outpaces inflation. Yet people think we should spend more and that it's a revenue problem.

2) The number of people who think we could balance the budget by simply increasing taxes on billionaires. The combined net worth of the 400 wealthiest Americans is $6 trillion. Confiscating half of their wealth would provide enough money to run the government for 5 months and then it would be gone. What then?

P.S. Taking half of their wealth would require liquidation of company ownership which would send the country into a deep recession.
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Never said taxing billionaires would balance the budget. More tax revenue (assuming spending remains or drops) would certainly help.
And you need to prove that a billionaire paying taxes would send us into a deep recession. Give me a f'cking break.
 
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TC_Nole_OX

TC_Nole_OX

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Mar 29, 2002
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The Great Billionaire Theft of America: Musk, The Ellisons, and a Bipartisan Posse with GIL DURAN

 
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baltimorened

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May 29, 2001
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Rastafarian said:
It gets worse with the more you read from him.
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just to be clear, are we talking people who make taxable income of $1 billion or more a year or someone with $1billion or more in assets who might earn taxable income, like buffet, of somewhere in the range of $100k/year?

Because it's possible that the person with $1 billion in assets earns less taxable income than you or I. And I know you know that. But it makes a difference in understanding the chart
 
Finance85

Finance85

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Dec 16, 2022
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Rastafarian said:
fred.stlouisfed.org

Nonfarm Business Sector: Labor Share for All Workers

Graph and download economic data for Nonfarm Business Sector: Labor Share for All Workers (PRS85006173) from Q1 1947 to Q2 2026 about sector, nonfarm, business, labor, and USA.
fred.stlouisfed.org



For the dummies on this board, this means that our economic policies have created the worst ever environment for working Americans, and the best ever environment for billionaires.

Ironically it got significantly worse for workers during W’s reign, and significantly worse during Pedo Protector’s first reign.

But keep voting Republican since they are so good for the economy.
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Gosh, I think I missed it. When was a law passed that keeps workers from creating businesses, as individuals, or groups? Then the workers can be billionaires, too, right?!
 
B

baltimorened

All-American
May 29, 2001
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TC_Nole_OX said:
Tax them out of existence

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I don't think there are many who fight against taxing billionaires. The question is how - without hurting the rest of the economy and non billionaires. The examples people use capture the rest of us as well as the richest. I just saw someone on CNBC who wrote a book on taxing billionaires, but by the end of the interview he was down to raising taxes on those with $100 million (again not many would cry over that) but then he started on eliminating step ups, and other things that impact everybody.

That, to me at least, indicates that when all these politicians start with tax the billionaires it's important to ask "exactly how" so everyone knows what's on the table.
 
TC_Nole_OX

TC_Nole_OX

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Mar 29, 2002
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Installing fascist governments requires first whipping society into an angry soup of chaos and division, then funneling that rage into populist political parties that promise to solve everyone's problems.

That's why Musk bought Twitter. Russian-backed fascist governments are now being installed Europe wide.
 
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