This got deleted when someone else posted it, apparently. It was still open on my phone, so I’m trying to preserve it
this post was submitted on 13 Dec 2024
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Politics
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That's the ROI of "supporting a winning candidate", the ROI of "~ a president" will be seen in 4 years.
Musk might become the first Trillionaire.
I feel like it was bad that I was thinking of the Super Mario Bros when I read "trillionaire."
I have very conflicting feelings about it all. We ultimately should have processes to stop people from accumulating too much wealth. There should be a cap, in my opinion. But I have no idea how that would be implemented or enforced. People become above the law when they hit a certain point, which defeats the point of our society. At that point, they are no different than kings and queens.
Once upon a time, between 1945 and 1963, the poorest US taxpayers paid 3% on income, while the richest had to pony up 91%.
https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates
Imagine that, instead of the 2024's current 10% vs 37%...
https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets
The MAGA crowd should take a note of what used to "Make America Great".