TAX THE RICH
"What we have in the world today is not capitalism. Rather, it more closely resembles 'feudalism' than anything else."
"In the USA, for two decades after World War II, until 1964, the marginal tax rate on the highest bracket hovered around 91 percent.
"For a married couple in 1960, that applied to income earned above $400,000, the equivalent of approximately $3 million today.
"Yet this was the period in which the United States economy boomed most dramatically, when college students could reliably expect both a new car and a home mortgage after graduation.
"The annual growth rate in GDP reached levels as high as 7 and 8 percent."
Alexandria Ocasio-Cortez's 70% Tax Proposal Is a Great Start
The world's eight richest billionaires control the same wealth between them as the poorest half of the world's population.
World's eight richest people have same wealth as the poorest 50%
Jeff Bezos $112 billion
Bill Gates $90 billion
Warren Buffett $84 billion
Bernard Arnault $72 billion France LVMH
Mark Zuckerberg $71 billion
Amancio Ortega $70 billion Spain Inditex, Zara
Carlos Slim $67.1 billion Mexico América Móvil, Grupo Carso
Charles Koch $60 billion
David Koch $60 billion
THE SUPER-RICH ARE THE ENEMY .
"In the USA, for two decades after World War II, until 1964, the marginal tax rate on the highest bracket hovered around 91 percent.
"For a married couple in 1960, that applied to income earned above $400,000, the equivalent of approximately $3 million today.
"Yet this was the period in which the United States economy boomed most dramatically, when college students could reliably expect both a new car and a home mortgage after graduation.
"The annual growth rate in GDP reached levels as high as 7 and 8 percent."
Alexandria Ocasio-Cortez's 70% Tax Proposal Is a Great Start
The world's eight richest billionaires control the same wealth between them as the poorest half of the world's population.
World's eight richest people have same wealth as the poorest 50%
Jeff Bezos $112 billion
Bill Gates $90 billion
Warren Buffett $84 billion
Bernard Arnault $72 billion France LVMH
Mark Zuckerberg $71 billion
Amancio Ortega $70 billion Spain Inditex, Zara
Carlos Slim $67.1 billion Mexico América Móvil, Grupo Carso
Charles Koch $60 billion
David Koch $60 billion
The wealth of more than 2,200 billionaires across the globe increased by $900bn in 2018 - or $2.5bn a day.
The 12% increase in the wealth of the very richest contrasts with a fall of 11% in the wealth of the poorest half of the world’s population.
World's richest people own as much as poorest 50%.
Note the position of France. Only in a few nations - such as Switzerland and France - has there been a long-term decline in income inequality.
The poorest 10% of Britons are paying a higher effective tax rate than the richest 10% (49% compared with 34%) once taxes on consumption such as VAT are taken into account.
Many governments are making inequality worse by failing to invest enough in public services.
World's richest people own as much as poorest 50%.
Note the position of France. Only in a few nations - such as Switzerland and France - has there been a long-term decline in income inequality.
The poorest 10% of Britons are paying a higher effective tax rate than the richest 10% (49% compared with 34%) once taxes on consumption such as VAT are taken into account.
Many governments are making inequality worse by failing to invest enough in public services.
About 10,000 people per day die for lack of healthcare.
There were 262 million children not in school, often because their parents were unable to afford the fees, uniforms or textbooks.
Rich landowners, such as the Duke of Buccleuch, receive large subsidies. "THE Buccleuch family, owners of more than 240,000 acres of private land, use a shadowy Cayman Islands firm to control and sell land." DUKE OF BUCCLEUCH
Governments need to do more to fund high-quality, universal public services through tackling tax dodging and ensuring fairer taxation, including on corporations and the richest individuals’ wealth, which is often undertaxed.
A global wealth tax has been called for by the French economist Thomas Piketty, who has said action is needed to arrest the trend in inequality.
World Bank data shows the rate of poverty reduction has halved since 2013.
In sub-Saharan Africa, extreme poverty is on the increase.
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MIND CONTROLLED TO VOTE FOR THE RICH ELITE .
WHAT WE HAVE IS NOT CAPITALISM .
Aangirfan: SOCIALISM IS GOOD
aangirfan: RICH AND POOR
Rich landowners, such as the Duke of Buccleuch, receive large subsidies. "THE Buccleuch family, owners of more than 240,000 acres of private land, use a shadowy Cayman Islands firm to control and sell land." DUKE OF BUCCLEUCH
Governments need to do more to fund high-quality, universal public services through tackling tax dodging and ensuring fairer taxation, including on corporations and the richest individuals’ wealth, which is often undertaxed.
A global wealth tax has been called for by the French economist Thomas Piketty, who has said action is needed to arrest the trend in inequality.
World Bank data shows the rate of poverty reduction has halved since 2013.
In sub-Saharan Africa, extreme poverty is on the increase.
...
MIND CONTROLLED TO VOTE FOR THE RICH ELITE .
WHAT WE HAVE IS NOT CAPITALISM .
Aangirfan: SOCIALISM IS GOOD
aangirfan: RICH AND POOR
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Labels: billionaires, capitalism, feudalism, inequality, socialism, tax
posted by Anon @ 00:14
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