Wealth
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Few things say 'the US economy is broken' more than this
Few things say "The United States economy is broken" more than the idea that while we're in a global pandemic -- with nearly 600,000 Americans dead, almost 10 million jobs lost, and the population of unhoused people higher for the fourth year in a row -- there's at least one billionaire somewhere going, "2020 was a great year!"
Professor Richard Wolff tied history into the present moment. "Here we are in a war; it's not a war with a military adversary, it's a war with a disease. And by the way, it has already killed more people than some of the wars this country has been involved in. And we haven't done anything, we haven't even seen a proposal to say the people who made money during the pandemic, that money has to go to help the society."
Few things say "The United States economy is broken" more than the idea that while we're in a global pandemic -- with nearly 600,000 Americans dead, almost 10 million jobs lost, and the population of unhoused people higher for the fourth year in a row -- there's at least one billionaire somewhere going, "2020 was a great year!"
Professor Richard Wolff tied history into the present moment. "Here we are in a war; it's not a war with a military adversary, it's a war with a disease. And by the way, it has already killed more people than some of the wars this country has been involved in. And we haven't done anything, we haven't even seen a proposal to say the people who made money during the pandemic, that money has to go to help the society."
W. Kamau Bell: Few things say 'the US economy is broken' more than this
Posted from amp-cnn-com.cdn.ampproject.org
Wealth
Poverty
Posted 3 y ago
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I made $50K during the Pandemic on Tesla and Apple. They split in the October time frame 4 to 1 apple and 5 to 1 Tesla.
It was all on speculation. Apple has been doing only fair since then. Tesla went up to about $900 a share 2 months after the split and it is lower now about $600. I paid my taxes.
46 and the broke-dick left of the DNC want to raise rates to how it was before Trump took office. I paid my share. I am not giving back any money. I was extremely lucky. I paid off all my credit cards. I still have $40k left. If POTUS Biden just leaves all the tax rates as they are, he will do well. If he goes left full rudder into 'social justice and income equality' with major Tax increases on corporate taxes and capital gains, then he will see Big US firms move to Ireland (12.5-16% and no state taxes) and the EU (24% and no state taxes) that have the same or lower rates than we do now. The market has been overheated with stimulus money. Democrats are partially responsible for this. By the way, I have Invested in Israel and Oil stocks. BDS Leftists on the DNC can pound sand! https://www.forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/?sh=76781c506e8a SPC Randy Z.
POTUS Clinton raised taxes and realized he goofed hand made corrections to put tax rates closer to what they are now. The rich and the corporations will just move if tax rates are raised. It will be another pyrrhic victory for those who ignore basic economic theory and dwell on the disproven, stupid and flawed 1619 Project.
It was all on speculation. Apple has been doing only fair since then. Tesla went up to about $900 a share 2 months after the split and it is lower now about $600. I paid my taxes.
46 and the broke-dick left of the DNC want to raise rates to how it was before Trump took office. I paid my share. I am not giving back any money. I was extremely lucky. I paid off all my credit cards. I still have $40k left. If POTUS Biden just leaves all the tax rates as they are, he will do well. If he goes left full rudder into 'social justice and income equality' with major Tax increases on corporate taxes and capital gains, then he will see Big US firms move to Ireland (12.5-16% and no state taxes) and the EU (24% and no state taxes) that have the same or lower rates than we do now. The market has been overheated with stimulus money. Democrats are partially responsible for this. By the way, I have Invested in Israel and Oil stocks. BDS Leftists on the DNC can pound sand! https://www.forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/?sh=76781c506e8a SPC Randy Z.
POTUS Clinton raised taxes and realized he goofed hand made corrections to put tax rates closer to what they are now. The rich and the corporations will just move if tax rates are raised. It will be another pyrrhic victory for those who ignore basic economic theory and dwell on the disproven, stupid and flawed 1619 Project.
The Dangerous Myth About The Bill Clinton Tax Increase
The real lesson of the Clinton Presidency is the way back to prosperity lies not through increased taxes on “the rich,” but through tax and regulatory reform and a return to a rules based monetary policy that produces a strong and stable dollar.
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PO2 Harold Ashton "Twenty million Americans lost their jobs in the pandemic -- working and middle class Americans," he said in April. "At the same time, roughly 650 billionaires in America saw their net worth increase by more than $1 trillion ... and they're now worth more than $4 trillion."
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