Billionaire Faceplants LIVE on 70% Tax Rate

[rsacamano]

[Kurt V.]

1. heather long looked pretty ridiculous there too.

[2naSalit]

3. +1

[usaf-vet]

2. I don't know if "Dell" did start a foundation or not. Or if he "gave more money" than a 70% tax.

If he did as he said that is great. BUT the bigger question is what about all the billionaire and millionaires that HOARD their money. The I've got mine FU crowd.

Nothing forces them to use their money to help others. A 70% tax rate would help solve the hoarding IMO.

[2naSalit]

4. And that's the point that we aren't supposed to figure out

along with, yes, the higher taxes do work better for the greater good, but they aren't into that at all because... greed.

[usaf-vet]

6. Exactly!

[chowder66]

5. If a 70% marginal tax rate would help level the income inequality then maybe there wouldn't be such

a need for "foundations".
Maybe people would have more to give if they had more in their pocket ...or maybe people wouldn't be in a situation that they need to rely on a foundation. Foundations have been started by people with less money than these top earners so it's not like they couldn't still create them or support them.

On edit: I read your post and these are just some thoughts.

[zentrum]

7. This is how you privatize

Last edited Tue Jan 29, 2019, 04:28 PM - Edit history (1)

....the commons. Why should the .01% define the direction our public services, policies, and needs take via such "donations."

Plus the rich get their family name to go up in lights etc.

Through his donations Gates is remaking public education. It's not okay.

Pay your effing share---raise all boats through universal health care, safe infrastructure, libraries, good public schools for all, research that allows us to enter the 21st century in fiber tech, universal basic income, funding for the arts. Etc.

[usaf-vet]

10. Also Exactly!

[Crowman2009]

8. Foundations from the rich are just crumbs for the masses.

Which give the illusion of charity.

[skydive forever]

9. I like the look

I like the look on the white haired lady on the panel. It really struck me as a "Oh crap, who let him in here" moment.