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Calls to tax the superrich grow as economic inequality surges
(www.aljazeera.com)
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this post was submitted on 06 Sep 2023
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74% of it, in fact, concentrated into the hands of the wealthiest 10% of Americans.
If we don't tax the rich, they will only continue to get richer while everybody else gets poorer and the economy continues to fall apart as we print more and more money to keep everybody paid and it all gets vacuumed up to the top.
It seems like solid economics. We need to keep capital in motion. 10% of the population cannot meaningfully deploy 74% of the capital.
To quote the 1985 movie Brewster’s Millions, it doesn’t count to buy the Hope Diamond for some bimbo as a birthday present.