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Democratic Primaries

bluewater

(5,420 posts)

16. What we need is a better breakdown of wealth distribution or we are just guessing.

Reply to oldsoftie (Reply #13)

Sun Oct 27, 2019, 07:29 PM

Oct 2019

I have no idea how many people have how much wealth over $50 million. If that wealth from that graph is concentrated in a few hands, the revenue would be much greater than if many more people had wealth over the $50 million.

Interesting data to keep an eye out for.

Thanks again for the Discussion and good night.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Highlight:

Warren's wealth tax would solve economic inequality, says economist Gabriel Zucman [View all] bluewater Oct 2019 OP

I'm for a wealth tax. Turin_C3PO Oct 2019 #1

Great! I am tired of paying property taxes on my home. bluewater Oct 2019 #3

Cute, but flawed & unrealistic in so many ways. oldsoftie Oct 2019 #2

Don't forget the payroll taxes for Social Security. bluewater Oct 2019 #4

But i'm referring to income taxes. 1/2 of federal income comes from income taxes. oldsoftie Oct 2019 #5

"the rest of the population pays 25-30% of their income in taxes" bluewater Oct 2019 #6

Of course. Its pretty simple. But it requires being objective & honest oldsoftie Oct 2019 #8

You are forgetting another major tax source bluewater Oct 2019 #10

You are MOST welcome!!! And thank YOU oldsoftie Oct 2019 #11

OK, so using Warrens 2% tax on over 50M, you STILL wont get nearly enough oldsoftie Oct 2019 #9

You need to show some math on those numbers. bluewater Oct 2019 #12

Well, i just estimated how much of the 31T covers the "over 50M" crowd. oldsoftie Oct 2019 #13

What we need is a better breakdown of wealth distribution or we are just guessing. bluewater Oct 2019 #16

We used to invest in our society at large Turbineguy Oct 2019 #7

No it wouldn't dsc Oct 2019 #14

Even if it is a good idea, it will never pass. I prefer ideas and plans that actually have a chance Thekaspervote Oct 2019 #15

Well overdue! WobblyDem Oct 2019 #17