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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level).  Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit.  That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).[/quote]

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.[/quote]

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit.  Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

[/quote]

Propaganda. The rags to riches stories they tell us are not real. Yeah Bezos started in a garage. [b]In his parents garage with their million dollar seed money. 
[/b]
Elon Musk came here illegally, backed by his parents ill-gotten wealth from their mines/slave labor.

And Bill Gates came from a solidly upper middle class/rich background giving him access to education and opportunities most Americans do not have. It only seems normal to the DCUM crowd. Most of you are similarly out of touch to how most Americans live. [/quote]

Bezos' parents provided like $250k and it was part of an Angel round of $1MM.

Gates was a very different story as his dad was a wealthy attorney who was very connected in the Seattle area (he actually plays a leading role in the Starbucks story in case anyone wants to read some interesting history)...and Elon's background is very murky...but Bezos' mother had him as a teenager and then married his stepdad (with the Bezos name) who was a network engineer.

I'm not saying it's [/quote]

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