Several politicians and many Americans are convinced that the wealthiest among us don’t pay their fair share. They want the super wealthy to pay taxes not just on their incomes, but on their accumulated wealth and yet unrealized income.
What a farce. To pick out select individuals and attempt to turn Americans against them is reprehensible. This is especially true because these individuals through their entrepreneurship have changed the US and the world and directly and indirectly benefit millions of individuals.
Not only that but these companies have created a massive amount of tax revenue for local, state and the federal government through their employees, vendors, etc.
Microsoft 166,475 employees
Facebook 58,604, employees
Google (alphabet) 135,301, employees
Tesla 70,757, employees
Amazon 1,298,000, employees
SpaceX 8,000, employees
Walmart 1.6 million (US), employees
Apple 147,000, employees
All that seems to matter is furthering ones political agenda, the facts and the complete story be damned. And by the way it has been estimated that Microsoft created 12,000 millionaires, most of them early employees.
Most of the people who founded the companies on this list are supportive of the policies that promote the taxes. if they want to pay more taxes, that’s fine but it always gets passed down to the middle class.
Wait until the government realizes that they can tax the middleclass wealth just like the millionaires. Houses, cars, boats, trailers, 401ks, IRAs. It is going to happen. I will not be alive to see it, but it will happen on our way to becoming a full socialist state all in the name of redistributing wealth to ensure everybody pays their fair share (expect the party members).
If the tax brackets are raised as they will be, that’s fine. But a wealth tax is just wrong and IMO dangerous. Like the estate tax which was to be temporary more than once and the AMT that was supposed catch only a handful of people, they expand.
” In January 1914, Henry Ford started paying his auto workers a remarkable $5 a day. Doubling the average wage helped ensure a stable workforce and likely boosted sales since the workers could now afford to buy the cars they were making. It laid the foundation for an economy driven by consumer demand.”
In August 2010, 40 of America’s wealthiest people joined together in a commitment to give the majority of their wealth to address some of society’s most pressing problems. Created by Bill and Melinda Gates and Warren Buffett,
Today, the Giving Pledge includes more than 200 of the world’s wealthiest individuals, couples, and families.
Enlightened self-interest: A philosophy in ethics which states that persons who act to further the interests of others, ultimately serve their own self-interest. It has often been simply expressed by the belief that an individual, group, or even a commercial entity will “do well by doing good”.
I don’t think anyone is against people giving away their wealth… confiscation is an entirely different thing.
Poor people don’t create jobs…never bite the hand/s that feed you.