General Discussion

DryRain

(237 posts)

6. That's whay it's hard for most to comprehend a billion $

Sun Jan 20, 2013, 11:03 AM

Jan 2013

That's one thousand million. A million, a thousand times over.

How about we tax each of them 1/2 of their earnings over the first million for 2 years , with no deductions, no exemptions, no tax havens, etc etc. Earn your first million (legally) and pay whatever taxes and take whatever exemptions you can, but for each and every dollar after that first milllion, pay 50% of it to one's government, with absolutely no way to scofflaw around it.

And by the way, a few people earned well over a billion. And literally thousands of people earned well over two million.

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$240 billion amassed by 100 richest people enough to end extreme poverty four times over: Oxfam [View all] xchrom Jan 2013 OP

I've heard that the U.S. is no longer the top country to better your financial situation.... Honeycombe8 Jan 2013 #1

It would only take 1/10th of billionaire assets.. ananda Jan 2013 #2

But... but... a rising tide lifts all boats... Make7 Jan 2013 #3

We tried that.... paleotn Jan 2013 #10

"... should the richest 100 billionaires give away the money they made LAST YEAR" Coyotl Jan 2013 #4

Good point... CJCRANE Jan 2013 #5

Ding, ding, ding!!!.... paleotn Jan 2013 #11

Yes, incentivizing economic activity used to happen Coyotl Jan 2013 #12

That's whay it's hard for most to comprehend a billion $ DryRain Jan 2013 #6

They make me sick...and SoapBox Jan 2013 #7

This needs to get out beyond Rawstory. Ilsa Jan 2013 #8

What good is it to not point fingers. These people should be called out at every chance. gtar100 Jan 2013 #9

Rec. progressoid Jan 2013 #13