Video & Multimedia

thomhartmann

(3,979 posts) Wed Oct 31, 2018, 05:48 PM Oct 2018

What Is To Be Done About Our Billionaire Problem?

Median Household wealth is falling, except of course for billionaires who are seeing six thousand percent growth on their wealth. At this level of inequality, a fulltime worker making fifteen dollars an hour would have to work for millions of years in order to get close to what billionaires make. There is nothing inevitable about the rich getting richer nor is there anything inevitable about the poor and working class getting poorer. Something must be done about it. Would a Wealth Tax be the answer to what is to be done about our Billionaire Problem?

7 replies

= new reply since forum marked as read

Highlight:

What Is To Be Done About Our Billionaire Problem? (Original Post) thomhartmann Oct 2018 OP

Nothing will Change. Wellstone ruled Oct 2018 #1

Simple enough. Just start using the 1957 income tax rates (for income earned in 1956) Glorfindel Oct 2018 #2

Precisely. Some of the billionaires understand that, but evidently not enough. Their goal brewens Oct 2018 #3

Braised with vegetables and a red wine. MrScorpio Oct 2018 #4

Can we get a UrbanProspector Oct 2018 #5

OK not realistic, but... rwsanders Oct 2018 #6

taxes. go to pre reagan levels & make them twitch. ad a 2% extra bite for the debt+ deficit pansypoo53219 Nov 2018 #7

Wellstone ruled

(34,661 posts)

1. Nothing will Change.

Reply to thomhartmann (Original post)

Wed Oct 31, 2018, 05:51 PM

Oct 2018

Just more bitching. Best Government money can buy is still the rule of day.

Glorfindel

(9,733 posts)

2. Simple enough. Just start using the 1957 income tax rates (for income earned in 1956)

Reply to thomhartmann (Original post)

Wed Oct 31, 2018, 05:52 PM

Oct 2018

That would solve the problem in short order, plus maybe save the billionaires and their families from the pitchforks.

https://www.tax-brackets.org/federaltaxtable/1957

brewens

(13,618 posts)

3. Precisely. Some of the billionaires understand that, but evidently not enough. Their goal

Reply to Glorfindel (Reply #2)

Wed Oct 31, 2018, 06:09 PM

Oct 2018

is to loot so much, that even after it all crashes, they still come out farther ahead. That's really already worked. We just need the working class white-wingers to figure that out. That's what all the hate is for. Keep us from working together.

MrScorpio

(73,631 posts)

4. Braised with vegetables and a red wine.

Reply to thomhartmann (Original post)

Wed Oct 31, 2018, 06:55 PM

Oct 2018

UrbanProspector

(44 posts)

5. Can we get a

Reply to thomhartmann (Original post)

Wed Oct 31, 2018, 07:46 PM

Oct 2018

Transaction tax on the stock markets?.... would that even be enough to save the 1%?

rwsanders

(2,606 posts)

6. OK not realistic, but...

Reply to thomhartmann (Original post)

Wed Oct 31, 2018, 11:35 PM

Oct 2018

They seem to want to be royalty (although the Brits seem to have come to despise trump) anyway, I say give them a tin crown, a title, ship them to Europe.
They can take a bunch of their brown nosed bootlickers with them.

pansypoo53219

(20,993 posts)

7. taxes. go to pre reagan levels & make them twitch. ad a 2% extra bite for the debt+ deficit

Reply to thomhartmann (Original post)

Thu Nov 1, 2018, 03:56 AM

Nov 2018

link business cuts †o wages & if †hey do not INVEST in improvements or hike wages, rolls back.
CEO pay must be tied to wages too.

Reply to this discussion