The wealthy pay an income tax, so you can get that if you only count that. But the majority of Americans (the workers) pay a payroll tax, which the wealthy don't, and is what the majority of SS and Medicare are paid with.

Isn't Bezos *official* salary like 40 grand a year?

Smoking Guns wrote:

Randall Flagg wrote:

Very interested in the details on the possible Manchin-Biden deal. All the articles I’m reading keep mentioning “wealth tax” and a minimum corporate tax. If they’re straight up taxes on the Uber wealthy and forcing Amazon to send 10 billion a year to the treasury, I’m certainly interested in learning more.

I agree with what Mitt Romney says. A new tax won’t work. And the story of corporations not paying taxes or rich not paying taxes is fake news.

A new tax can work if it compels banks to report assets. All large financial transfers already get reported. I’m talking about a 30 million annual tax on billionaires. That can work, and you have to ask why we want people with obscene amounts of money not paying to provide 21st century facilities and institutions. They can keep their mansions and yachts, no financial harm will come fo them. Why is it ok for us plebes to pay 30% of our income to the feds like good citizens, but the Bezos’ of the world aren’t even kicking 5% of their annual “income”.

I don’t think a clean wealth tax can get through Congress, and SCOTUS isn’t going to allow one to be introduced through reconciliation without opining. But taxing the wealthy is the only change that can actually pay for infrastructure.

James must not have access to the internet right now….can’t imagine he wouldn’t be all in this news

So, how does it feel to realize that this version of the band is really no different than the band in 2010….no new music…just a touring band that has a real deal lead guitarist. Sorry, the bass player is a wash. Tommy and Duff are cut out of the same cloth. Slash is the only difference outside of the obvious…money.

Smoking Guns wrote:

Slash gave Fortus an opportunity to play rhythm in his band. He declined.

When did that happen?