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TexasBushwhacker

(21,090 posts)

4. And that's just the top 26

Reply to turbinetree (Original post)

Mon Jan 21, 2019, 11:54 AM

Jan 2019

The Fortune 400, which lists the top 400 Americans, represents $2.9 TRILLION in wealth. That's $7.25 Billion EACH, up from $6.7 Billion in 2017 (8.2%). A person with just $1 Billion in the bank could spend $27 K PER DAY FOR 100 YEARS and still not exhaust their funds.

All this while Americans still aren't guaranteed healthcare, our infrastructure is crumbling, the minimum wage is the same as it was 10 years ago and public school teachers have to work 2 or 3 jobs to make ends meet.

WE WILL NOT SURVIVE as a nation without a sharply progressive income tax, a WEALTH tax and an inheritance tax.

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Highlight:

World's 26 richest people own as much as poorest 50%, says Oxfam [View all] turbinetree Jan 2019 OP

Human disgrace and outrage. democratisphere Jan 2019 #1

They want the other half too jberryhill Jan 2019 #2

And why? Disgusting. This incessive behavior for more and more money is ridiculous and needs ... SWBTATTReg Jan 2019 #3

Why? jberryhill Jan 2019 #6

And that's just the top 26 TexasBushwhacker Jan 2019 #4

they didn't get that way on islands Hermit-The-Prog Jan 2019 #5

1% !! progressoid Jan 2019 #7

Bernie would fix this. Joe941 Jan 2019 #8

Where are his tax returns? Maru Kitteh Jan 2019 #9

K&R Scurrilous Jan 2019 #10