The 1% Still Has 50 TRILLION DOLLARS IN WEALTH

[DanieRains]

They can pay for the bailout.

We don't need to borrow anything.

Funny no one is saying the obvious.

2 trillion isn't even a haircut.

[Hoyt]

1. Don't disagree with taxing them, but I think your wealth owned by top 1% is off.

Plus, not sure we are talking about just $w Trillion.

[DanieRains]

3. Global Wealth 341 Trillion Credit Suisse

Our 1% Has over 50 Trillion. Saw it on CNBC.

They can pay yo save us not working folks.

We tax labor not wealth.

Its crazy.

[Hoyt]

4. Not anymore and they didn't before CV-19, either. Look it up.

[DanieRains]

6. They Have Lost Some Hoyt

Will lose more Monday.

As all the 401 k's.

All could have been avoided with 1 million test kits.

Testing travelers.

Sad...

[DanieRains]

2. No One Ever Points Out This Fact They Have Half The Money

Because we pay the taxes.

Not them.

It is finally time for them to PAY THEIR FAIR SHARE.

[Igel]

8. Look up the percentage of federal income tax

paid by each quartile or decile.

It's not what most people assume it is.

Same for spending on big-ticket home or luxury appliances and items.

[DanieRains]

10. They Don't Claim Income

That's the problem.

They accumulate assets.

Koch grew 10 billion to 50 billion and didn't pay any taxes like we do.

[Hoyt]

11. The Koch's paid a lot of taxes, although they should have paid more.

Bezos wife sold $400 million in stock recently. She likely paid close to $75 million in federal taxes. Yes, should have been more, but she paid.

Frankly, I hope we have a lot of well off people to help us get through this mess. Taxes will definitely go up.

[DanieRains]

12. If I Made 400 Million In Wages I Would Pay 35% Plus 6.2% Plus 1.45%

So I would pay almost 200 million in taxes.

They tax "gains" different.

Us working folks get screwed while the super rich don't pay their fair share.

I am sure you know it too.

https://www.cnbc.com/2017/11/14/richest-1-percent-now-own-half-the-worlds-wealth.html

Here is the link to the 50 Trillion.

[Hoyt]

13. Article does not say $50 T. Before recent sell off stock, they owned

$30 T or so. Those 1%ers also lost wealth in recent sell off. In fact their share of the pie is now much closer to levels in 1950s.

I do agree capital gains rates should be increased significantly and we need a robust estate tax so that we can look forward to the wealthy’s death.

I suspect we’ll see that after this. But cost is going to be so great, that wealthy aren’t going to be enough. We’ll be paying too, despite wanting someone else to do it for us.

[Takket]

5. HELL YES! pay the recovery bill with a wealth tax!

[DanieRains]

7. Bingo

[Snarkoleptic]

9. Eat the Rich!

It's the only way to release their stored-up energy (and cash).

[Recursion]

14. No, a lot of that "wealth" has evaporated over the past week

That's the problem with using spot prices as a way to measure "wealth"; it's not remotely realistic.