Posted on Dec 16, 2020
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
383
7
4
5
5
0
Ultra rich get richer, poor get poorer
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
Posted from bloomberg.com
Economics
Wealth
Taxes
Money
Posted 4 y ago
Responses: 2
1
1
0
Yes, because wealthy people all convert their wealth into gold coins, keep them in vaults and swim in their money... Just like Scrooge McDuck. It would be interesting to see how much of the wealth of the ultra wealthy is actually tied up in material goods, and how much is in liquid assets fueling more economic activity. Oh, by the way... the people who build their yachts and mansions, they are not not other wealthy people.
(1)
(0)
LTC Eugene Chu
Scrooge McDuck and the money bin are a Disney myth. Real ultra-rich often hide their assets in offshore accounts
https://www.businessinsider.com/jake-bernstein-panama-papers-offshore-banking-shell-companies-2018-2
https://www.businessinsider.com/jake-bernstein-panama-papers-offshore-banking-shell-companies-2018-2
How the super-wealthy hide billions using tax havens and shell companies
"Secrecy World" author Jake Bernstein explains how the super-wealthy hide billions using tax havens and shell companies.
(1)
(0)
Maj John Bell
LTC Eugene Chu - This is irrelevant. The ultra wealthy understand that the purpose of capital is to generate more capital. The "hidden" billions aren't collecting dust. They are out generating more capital. It is basic economics.
The Scrooge McDuck reference was sarcasm.
The Scrooge McDuck reference was sarcasm.
(0)
(0)
0
0
0
Good to see we all agree the lockdowns need to end immediately and everyone needs to go back to work.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google