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Reply to "Why are modern day billionaires narcissistic sociopaths?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A top income tax rate of 90% helped.[/quote] This. The wealthy donated money to reduce taxes and buy clout. They poured funding into institutions with their names on it. In return, they were able to reduce their taxes and get “credit”. There’s no motivation to donate when they can keep everything.[/quote] We need Warren's wealth tax and some additional brackets at the top. Along with changes to what corporations are able to give out as compensation.[/quote] For starters, calling any tax increase a "wealth tax" isn't going to work in a modern day political climate dominated by wealthy mega-donors. This is why politicians like Sanders and Warren don't have a chance when seeking powerful positions within our Federal Government. They have to play nice with money or else they're kicked to the curb by our major political parties.[/quote]
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