A few blood-sucking vampire billionaires feel so entitled that they believe they should be able to pay LOWER TAX RATES on investment profits (capital gains) on their accumulated billions, gained either by inheriting it from Daddy, or exploiting — preying upon — workers and consumers and our shared environment, since it is impossible for one person to single-handedly produce that much of real wealth. Not only do they pay a lower tax rate, they also get many special loopholes, deductions, exemptions, exclusions, shelters, corporate welfare or Cayman Islands tax havens not available to the rest of us.
They depend on an educated work force; they depend on roads, bridges, infrastructure, protection by law enforcement and military against both domestic and foreign threats. They depend on orderly systems of transportation and communication to make that system work. They depend on an economic system that has given THEM the greatest advantage and the greatest wealth and helps them preserve it, often at the expense of others who produce their wealth for them, while participating in a tiny fraction of a percentage of the wealth they create.
Elizabeth Warren is not trying to punish anyone. She just wants those who have benefitted the most from the economic system and who have the most assets and resources being protected by it do have a moral obligation to contribute the most towards maintaining it.
If Warren’s proposed taxes on the wealthy were to be enacted, Jeff Bezos, Bill Gates and Warren Buffett would all still be worth more than a HUNDRED BILLION after paying the taxes. Michael Bloomberg would still be worth more than FIFTY BILLION after paying the taxes.
If they find trying to survive on fifty or a hundred BILLION DOLLARS distressing, then boo hoo, too bad, so sad for you.
May 31, 2017