Thanks Thom -- The most disturbing thing to me -- and there is a fierce competition -- may be that it seems that a very small cadre of the ultra wealthy is creating almost all of the damage, while the rest of that crew simply enjoy the extra spoils, and believe in their hubris that nothing can happen to them.
Thanks Thom -- The most disturbing thing to me -- and there is a fierce competition -- may be that it seems that a very small cadre of the ultra wealthy is creating almost all of the damage, while the rest of that crew simply enjoy the extra spoils, and believe in their hubris that nothing can happen to them.
They should pay more attention to what Putin did to the billionaires, and MBS. The very rich need the rule of law, and the respect for rules, more than anybody.
For wealthy people to want tax breaks for themselves is human -- but to want the rest of their wanker cohort to not pay much is just moronic. So you pay, to make sure the losers do too. But no. Moronic is where I keep ending up, with the rich.
It's those damn immigrants . . . ! named Murdoch, I mean, of course, and only a few of those.
We need to tell people that we have $135 Trillion of net wealth, and that $32 Trillion of partially hand waving debt is on the wealthy, not the rest of us, and we the wealthy could pay it, this year, if that is truly what is wanted. <http://uswealthclock.com>
Renters pay wealth tax. Renters pay *all* of the property tax their landlords owe -- but the landlords get the deduction. There is logic for paying it, but the payment should be on the renter and deductible. We have generations who have missed that. Mortgage holders pay wealth tax -- on the bank's wealth too. Wealthy people, you will be shocked to hear, don't pay wealth tax, in any sane comparison.
Important: At $135 Trillion, a $130 Billion fortune is about 1/1000. We need to tell that story, over and over. Even the very richest among us have only 1/1000 of our wealth -- and therefore they are not the boss. If any one of them went poof bankrupt tomorrow, our economy wouldn't even notice, dollar wise.
The narrative is that the very richest are in control of our economy. They are not, by a factor of 1000.
That is empowering, to me, and a comfort. It should be a comfort to them, too. We need more of that.
Thanks Thom -- The most disturbing thing to me -- and there is a fierce competition -- may be that it seems that a very small cadre of the ultra wealthy is creating almost all of the damage, while the rest of that crew simply enjoy the extra spoils, and believe in their hubris that nothing can happen to them.
They should pay more attention to what Putin did to the billionaires, and MBS. The very rich need the rule of law, and the respect for rules, more than anybody.
For wealthy people to want tax breaks for themselves is human -- but to want the rest of their wanker cohort to not pay much is just moronic. So you pay, to make sure the losers do too. But no. Moronic is where I keep ending up, with the rich.
It's those damn immigrants . . . ! named Murdoch, I mean, of course, and only a few of those.
We need to tell people that we have $135 Trillion of net wealth, and that $32 Trillion of partially hand waving debt is on the wealthy, not the rest of us, and we the wealthy could pay it, this year, if that is truly what is wanted. <http://uswealthclock.com>
Renters pay wealth tax. Renters pay *all* of the property tax their landlords owe -- but the landlords get the deduction. There is logic for paying it, but the payment should be on the renter and deductible. We have generations who have missed that. Mortgage holders pay wealth tax -- on the bank's wealth too. Wealthy people, you will be shocked to hear, don't pay wealth tax, in any sane comparison.
Important: At $135 Trillion, a $130 Billion fortune is about 1/1000. We need to tell that story, over and over. Even the very richest among us have only 1/1000 of our wealth -- and therefore they are not the boss. If any one of them went poof bankrupt tomorrow, our economy wouldn't even notice, dollar wise.
The narrative is that the very richest are in control of our economy. They are not, by a factor of 1000.
That is empowering, to me, and a comfort. It should be a comfort to them, too. We need more of that.
all for now, best luck to US -- b.rad