8 ms·

Could billionaires just pay taxes please?

• gretch 4y ago
  1) they should 2) they do: elon paid ~$10B in 2021 https://reason.com/2022/04/26/no-elon-musk-didnt-pay-a-3-27-percent-tax-rate/ https://reason.com/2022/04/26/no-elon-musk-didnt-pay-a-3-27-... 3) if all billionaires in the US liquidated absolutely all personal wealth and evenly distributed it, what would happen? 720 billionaires * 10B average wealth / 300M US population = 24k USD per person 1 time payment Covid stimulus was like, 9k ish depending on your bracketing? So just imagine 2 or 3 covid payments. The conclusion should be that it's not going to change the fabric of how life in America functions. It's certainly not gonna grant GP commenter the ability to chill and paint for the rest of their lives.
  • balderdash 4y ago
    Kind of depressing to see someone downvoted for stating the facts.
    • granshaw 4y ago
      Yeah the “boo capitalism” and “F all rich people” rhetoric has really gotten tiresome
  • serverholic 4y ago
    Now do the same for corporations. I'm sure it'll come out to more than that per person.
    • balderdash 4y ago
      How’s that work though? The billionaires wealth is mostly corporate wealth so that’s already included. Unless you are advocating expropriating corporate wealth from retail shareholders, public pension funds, and foreign owners?!
• deleted 4y ago
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