| Botten |
11-02-2021 10:27 AM |
Quote:
Originally Posted by Ooloo
(Post 3382624)
He also got everyone the first two sets of stimulus checks and pandemic unemployment benefits\extensions. He got that shit done quick too.
Also the rich 5% got more because they contribute far more in total tax revenue than the other 95%. People see this as the rich stealing from the poor in some naive robin-hood like way. It just isn't though.
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"Due to one of the code’s biggest loopholes, increased wealth enjoyed by billionaires and other members of the richest 1 percent—for whom such wealth growth is the primary source of income—can go untaxed forever. The virtual tax-free status of billionaire wealth growth was highlighted recently by a report from ProPublica. It estimated that 25 top billionaires paid on average just 3.4 percent of their wealth-growth in federal income taxes and that several, including Jeff Bezos (worth $188 billion on August 17, 2021) and Elon Musk (worth $175 billion on August 17, 2021), went multiple recent years paying zero federal income tax."
With the money received in stimulus went mostly to the rich.
"Not only did the wealth of billionaires grow, but so did their numbers: in March of last year, there were 614 Americans with 10-figure bank accounts; this August, there are 708."
You really don't get it Baler and you need to stop going by word of mouth from your kin or from opinion pieces on Fox.
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