When most of us speak about the 01% we are talking about the top 01% of the tax table, not the percentage of the population. There are 8 billion people on this Earth and 162 of them have more money than the poorest 4.8 billion. That calls for corrective measures.
You seem to be playing your usual games again. Of course, you probably don't really exist (how do we know that you do) and if you do, you might not be Australian, and there might not even be an Australia. Others on this forum claim to be from there or have been there, but how do they know that. They might be or have been somewhere else and somebody just told them it was Australia, and it could have been a big lie. You might think you exist, but somebody might have told you that,too., and could have been lying, and maybe don't exist either. So why should anyone listen to you. Anyhow, getting back to the topic, the term "millionaire" does require definition. Does it mean net worth, annual income, etc., and are we talking pounds, francs, dollars, etc.? "The technical definition of "millionaire" is a person (or a married couple) with a net worth greater than $1 million U.S. dollars (or equal currency)".How to Figure Out if You're a Millionaire or Not And yes, any way you define it, it's not what it used to be, and there are lots more of them these days. To me, and most of the folks I know, it's still a lot of money. According to the millionaire population data from ‘The Wealth Report 2019’ by Knight Frank and MGM Research, there were 19.6 million millionaires, defined by net worth, in the world during 2018. The world total population was 7.5 billion in 2018. So, 0.26% of the world total population are millionaires. As a share of their country's population, millionaires accounted for 1.8% of the U.S. population in 2018. https://content.knightfrank.com/res.../wealthreport/2019/the-wealth-report-2019.pdf Global Millionaire Population Analysis 2019 - MGM Research Global Millionaire Population Analysis 2019 - MGM Research There Are 36 Million Millionaires in the World and They Own Nearly Half the Planet's Wealth According to Credit Suisse, the world population of millionaires jumped 170% from 2000 to 2016, but "collectively, they make up less than 1% of the population but hold as much wealth as 46% of the world." There Are 36 Million Millionaires in the World and They Own Nearly Half the Planet's Wealth I think that's roughly the "1%" we're talking about. And yes, many are millionaires simply because of inflation.Inflationary Millionaires For more statistics on millionaires, see Topic: Millionaires in the United States
You just jumped a contrast between very poor people and disgustingly rich ones, into what I would do to Aramco of Saudi Arabia. And I've pondered your question. I'll answer your question after I deliberate with Scratcho, just to piss you off.
I don't expect an answer. Because what answer is there other than invading and forcing them to share that wealth?
I'm not against rich people. I'm just saying maybe 1994 level of taxation would allow us to expand the social safety net, while not being too unfair to the Bezos of the world. Of course this countries priorities change so much this year it'll be for healthcare but in a few years we'll want to spend it all on shiny new bombs.
You know republicans spend more on healthcare than democrats? The republicans actually spend more on social services in the USA as well.
A pre-Reagan marginal tax rate is what we need. The largest middle class in the world and the world's biggest superpower was created under a high marginal tax rate
Ah, but that's a problem. Not mentioning Hitler can be a rhetorical device for deflecting attention to real world developments that seem frighteningly similar to the rise of fascism. Michael Godwin, lawyer and Fox news contributor, came up with the idea back in 1990 that “whoever is the first to mention Hitler in an argument, loses the argument”--Godwin's law, they call it. He has since said: "If you're thoughtful about it and show some real awareness of history, go ahead and refer to Hitler when you talk about Trump, or any other politician." He has even made it clear that the AltRight and the right wing demonstrators at Charlottesville warrant comparison to Nazis: "By all means, compare these shitheads to Nazis".Mike Godwin on Twitter
How might we know if a revolt is not already underway? In this day and age it's unlikely we'll see throngs of angry citizens with torches and pitchforks storing the castle. The world of today is spread far and wide. And the government is spread rather thin overall. The means of protest and covert attack can be had with a number of clicks at a library computer. At a more street level we have seen protests that block traffic with mixed levels of success. What if that sort of thing was directed more effectively. Imagine the loop in Washington DC if a few dozen cars and trucks align to create slow rolling roadblocks. With the right choreography it could be made to look completely organic, traffic sucks there most of the time. I read a story a few years back about a small town in New England somewhere that was having some sort of contentious issues and the town council was stonewalling and having anyone who asked at council meetings escorted out by cops. One night the cops and council members emerged from their chambers to drive home and found that every tire in the lot had been sidewalled. I wish I could recall where it was, I think Rhode Island. I do my part by broadcasting on a channel nobody else is using out in west Georgia. I'm about to take on a local issue in a neighboring county, water quality. They used to have the best in the state, but the county got greedy and brought in thousands of new residents from the housing projects that were being razed in Atlanta and Decatur, packing them into section 8 cracker boxes. The population swelled faster than the utilities could manage, so the water supply now tastes like a swimming pool as they are having to pull from the Chattahoochee river. Downstream from Atlanta. It's hideous. AND, all the local cronies who pulled of this massive strain on county resources, moved to the county just north in a massive wave of pure white flight (but only for the insiders who knew what was coming, and their friends/family). For now, I'm just playing music and a few Cheech & Chong bits.
i don't recall a time that voting wasn't useless. was there ever really a bad time to be a white collar criminal in america?
Which is based on the assumption that if you increase the highest income rax rate and corporate tax rate, your government will get more revenue Im talking about the difference between market capitilization and liquidity. Article says wordwide wealth is $360 trillion, divide that by every human adult on the planet, it comes out $US70,000 But whats the use of the article even existing if 90% of that $360 trillion are assets Most of that $360 trillion are things like shell oil platforms, Amazon distribution centres all the projects Construction bank of China has yet to complete and be payed for etc etc The article, and any article like it are on a media platform designed as clickbait for people people that dont understand, just hear such and such number of people own most of that $360 trillion yeah fucking rich cunts rah rah rah Reverse Trumps corporate tax rate, 21% back up to 35%, and assuming they dont all just move a bunch of stuff to other countries, what you would only be taxing is an extra 14% of the 5% profits they make a year. It would have nothing to do with that $360 trillion or the US component of that Most here dont understand and most of those on that stage in the last democratic debate didnt seem to understand It was the basis of Butter Judges question to Bernie; where the fuck is the other $25 trillion for Berniecare going to come from? You are taxing their yearly profits, board members yearly incomes you are not taxing the value of their companies, the value of their assets, The former is a much smaller figure The real danger with a guy like Bernie is, he does know all this shit, knows full well taxing the wealthy 14% more on yearly returns isnt going to fund Berniecare
Im going to guess they use other methods that cant be spotted by satellite photos to dispose of corpes sans organ donation. Probably in a Walter White way
I'd love to reduce environmental degradation and make the US more energy independent and all that other stuff, but I must admit a prime reason of mine for eliminating dependence on oil is to see those bastards in Saudi Arabia go broke. They basically get their money from a hole in the ground.