Oligarchy-Monopoly

[kalm]

Something we all should agree on is monopolies are bad including government based or supported monopolies. What should be done about it?

[Caribbean Hen]

Something we all should agree on is monopolies are bad including government based or supported monopolies. What should be done about it?

Bernie didn’t give a shit and only cares when the pendulum started shifting back the other way

well at least according to 3 house socialist Bernie

[kalm]

Something we all should agree on is monopolies are bad including government based or supported monopolies. What should be done about it?

Bernie didn’t give a shit and only cares when the pendulum started shifting back the other way

well at least according to 3 house socialist Bernie

If you’d like to start a thread about your fear of democratic socialism and your tribalistic nature, be my guest.

This one is about monopoly which transcends sides of the political spectrum. The biggest monopoly of all is government or government supported corporate control.

Surprise us with your own reasonable and principled response either in support of consolidation or what we should do to limit it.

[Caribbean Hen]

Bernie didn’t give a shit and only cares when the pendulum started shifting back the other way

well at least according to 3 house socialist Bernie

If you’d like to start a thread about your fear of democratic socialism and your tribalistic nature, be my guest.

This one is about monopoly which transcends sides of the political spectrum. The biggest monopoly of all is government or government supported corporate control.

Surprise us with your own reasonable and principled response either in support of consolidation or what we should do to limit it.

You posted a stupid Bernie twitter tweet

Deal with it

[kalm]

If you’d like to start a thread about your fear of democratic socialism and your tribalistic nature, be my guest.

This one is about monopoly which transcends sides of the political spectrum. The biggest monopoly of all is government or government supported corporate control.

Surprise us with your own reasonable and principled response either in support of consolidation or what we should do to limit it.

You posted a stupid Bernie twitter tweet

Deal with it

I’ll refrain from characterizing your own reply as “stupid”.

What do you find stupid about what Bernie said? Are you pro-monopoly? I guess draining the swamp has trun its course.

[kalm]

[Caribbean Hen]

You need billionaires stop crying about them

https://www.cato.org/blog/whats-tax-rat ... ax%20rates.

[UNI88]

You need billionaires stop crying about them

What’s the Tax Rate for the Forbes 400?

The US tax code is highly progressive. Official US Treasury estimates show that the top 10 percent of income earners pay more than 60 percent of all federal taxes and 72 percent of income taxes. Yet some political rhetoric may lead many Americans to believe that the wealthiest taxpayers pay tax rates in the single digits or otherwise sidestep tax laws that apply to everyone else. New research shows that billionaires pay tax rates at least 13 percentage points higher than those of ordinary households.

However, measuring how much tax the wealthiest Americans actually pay is not as simple as it may seem. Depending on the definitions and assumptions, estimates of the effective tax rate for the Forbes 400 range from 38 percent to as high as 73 percent, when including charitable giving. Recent estimates that claim billionaires pay lower tax rates than the average American rest on flawed methods that, when corrected, show the US tax system remains highly progressive, which means as income rises, so do tax rates.

The wide range of reported effective tax rates for America’s wealthiest taxpayers illustrates how sensitive the analysis is to the researchers’ assumptions. Understanding why these estimates diverge is essential to understanding the broader debate over tax fairness.

[kalm]

You need billionaires stop crying about them

What’s the Tax Rate for the Forbes 400?

The US tax code is highly progressive. Official US Treasury estimates show that the top 10 percent of income earners pay more than 60 percent of all federal taxes and 72 percent of income taxes. Yet some political rhetoric may lead many Americans to believe that the wealthiest taxpayers pay tax rates in the single digits or otherwise sidestep tax laws that apply to everyone else. New research shows that billionaires pay tax rates at least 13 percentage points higher than those of ordinary households.

However, measuring how much tax the wealthiest Americans actually pay is not as simple as it may seem. Depending on the definitions and assumptions, estimates of the effective tax rate for the Forbes 400 range from 38 percent to as high as 73 percent, when including charitable giving. Recent estimates that claim billionaires pay lower tax rates than the average American rest on flawed methods that, when corrected, show the US tax system remains highly progressive, which means as income rises, so do tax rates.

The wide range of reported effective tax rates for America’s wealthiest taxpayers illustrates how sensitive the analysis is to the researchers’ assumptions. Understanding why these estimates diverge is essential to understanding the broader debate over tax fairness.

Indeed. This seems like a highly reputable organization. In the end, the top 40 pay 24% vs the average, 30%. And don’t forget corporate rates. Tesla effectively paid zero in 2024 on profits of $2.3 billion.

[kalm]

You need billionaires stop crying about them

https://www.cato.org/blog/whats-tax-rat ... ax%20rates.

Why do we need billionaires? What would happen without them?

[kalm]

Brought to you by Ayn Rand, Milton Friedman, SCOTUS, and Reaganomics.

[Caribbean Hen]

Brought to you by Ayn Rand, Milton Friedman, SCOTUS, and Reaganomics.

So stop working at McD’s

[Caribbean Hen]

You need billionaires stop crying about them

https://www.cato.org/blog/whats-tax-rat ... ax%20rates.

Why do we need billionaires? What would happen without them?

You need some incentive for innovation and investment

Without billionaires, you might not be able to sit around in your basement all day posting crap on your iPhone

You sure do complain a lot

[kalm]

Why do we need billionaires? What would happen without them?

You need some incentive for innovation and investment

Without billionaires, you might not be able to sit around in your basement all day posting crap on your iPhone

You sure do complain a lot

So the prospect of wealth and power is the the only motivation?

Only billionaires invest?

[Caribbean Hen]

You need some incentive for innovation and investment

Without billionaires, you might not be able to sit around in your basement all day posting crap on your iPhone

You sure do complain a lot

So the prospect of wealth and power is the the only motivation?

Only billionaires invest?

Of course not

But their Mega companies do very well with fueling the stock market which every day Americans rely on for retirement funds ….. go ahead and try to tax them more and they will just figure out how to pay less

[kalm]

So the prospect of wealth and power is the the only motivation?

Only billionaires invest?

Of course not

But their Mega companies do very well with fueling the stock market which every day Americans rely on for retirement funds ….. go ahead and try to tax them more and they will just figure out how to pay less

So the stock market won’t be fueled with less or no billionaires?

40% of all Americans have no investments for retirement. Only 28% of the working poor (those making less than $50k do. Those are large chunks of the population. How does having more billionaires help them?

[Caribbean Hen]

Of course not

But their Mega companies do very well with fueling the stock market which every day Americans rely on for retirement funds ….. go ahead and try to tax them more and they will just figure out how to pay less

So the stock market won’t be fueled with less or no billionaires?

40% of all Americans have no investments for retirement. Only 28% of the working poor (those making less than $50k do. Those are large chunks of the population. How does having more billionaires help them?

There will be poor always

pathetically struggling

look at the good things you got

[kalm]

So the stock market won’t be fueled with less or no billionaires?

40% of all Americans have no investments for retirement. Only 28% of the working poor (those making less than $50k do. Those are large chunks of the population. How does having more billionaires help them?

There will be poor always

pathetically struggling

look at the good things you got

So 40% being poor is sustainable? Under what kind of regime?

[kalm]

More evidence:

[kalm]

And this. The billionaires totally appreciate your support.

[Caribbean Hen]

There will be poor always

pathetically struggling

look at the good things you got

So 40% being poor is sustainable? Under what kind of regime?

Being poor does not necessarily equal being unhappy, just like being rich doesn’t equal happiness

[Caribbean Hen]

And this. The billionaires totally appreciate your support.

The problem is it’s not billionaires buying those avocados and toast, it’s the people that can’t afford it and then wonder why they’re broke

[kalm]

So 40% being poor is sustainable? Under what kind of regime?

Being poor does not necessarily equal being unhappy, just like being rich doesn’t equal happiness

Read some history. That sentiment doesn’t end well. But the wealthy are happy you’re vouching for them. Extra scraps from the table for you!

[kalm]

And this. The billionaires totally appreciate your support.

The problem is it’s not billionaires buying those avocados and toast, it’s the people that can’t afford it and then wonder why they’re broke

Your satire receiver is broken there buddy.

[BDKJMU]

Indeed. This seems like a highly reputable organization. In the end, the top 40 pay 24% vs the average, 30%. And don’t forget corporate rates. Tesla effectively paid zero in 2024 on profits of $2.3 billion.

2021
Top 1% 26.3% of AGI, paid 45.8% of income taxes.
Top 5% 42% of AGI, paid 65.6% of income taxes.
Top 10% 52.6% of AGI, paid 75.8% of income taxes.
Top 25% 72.1% of AGI, paid 89.2% of income taxes.
Top 50% 89.6% of AGI, paid 97.7% of income taxes.

Bottom 50% 10.4% of AGI, paid 2.3% of income taxes.
https://taxfoundation.org/data/all/fede ... data-2024/
Appears the top half (I’m sure includes all of us) are overpaying and need to pay less. The bottom 50% are freeloading and need to pay more.