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   seattle.politics      Whats happening in the land of Nirvana      102,158 messages   

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   Message 100,353 of 102,158   
   Baxter to Scout   
   Re: Kamala's stupid "TAX THE BILLIONAIRE   
   10 Oct 24 15:20:37   
   
   XPost: alt.atheism, talk.politics.guns, or.politics   
   XPost: alt.home.repair, alt.fan.rush-limbaugh   
   From: bax02_spamblock@baxcode.com   
      
   "Scout"  wrote in   
   news:ve8pq6$36m8h$3@dont-email.me:   
      
   >   
   >   
   > "Baxter"  wrote in message   
   > news:ve6u6h$2m8ma$16@dont-email.me...   
   >> Attila  wrote in   
   >> news:jmndgjtok5hdbii7vgj0snvg9uaph6k0d0@4ax.com:   
   >>   
   >>> On Wed, 9 Oct 2024 18:57:32 -0000 (UTC), Baxter   
   >>>  in alt.atheism with message-id   
   >>>  wrote:   
   >>>   
   >>>>Attila  wrote in   
   >>>>news:o9gdgjpgf57h60tgth968vucalfjmp6kli@4ax.com:   
   >>>>   
   >>>>> I keep wondering how this unrealized capital gains will   
   >>>>> work.  If I bought a stock for $10,000 and it is now worth   
   >>>>> $8000.00 can I claim a $2000 capital loss?   
   >>>>>   
   >>>>We're not talking about taxing your puny $10K - we're talking about   
   >>>>Billionair$ .  Your wealth is not a mountain, it's not even a   
   >>>>molehill.   
   >>>   
   >>> There is a bit of a problem.  If you take the entire wealth   
   >>> of every billionaire it would not be nearly enough to come   
   >>> close to paying the current national debt.  Add in the   
   >>> multi-millionaires and it wouldn't help a lot.   
   >>>   
   >> And yet a handful (like 6) of Billionairs have more wealth than 50%   
   >> of the US.   
   >   
   > Elon Musk: Net Worth Around $200 Billion. ...   
   > Jeff Bezos: Net Worth Around $195 Billion. ...   
   > Mark Zuckerberg: Net Worth Around $180 Billion. ...   
   > Larry Ellison: Net Worth Around $140 Billion. ...   
   > Warren Buffet: Net Worth Around $133 Billion...   
   > Bill Gates: Net Worth Around $130 Billion. ...   
   >   
   > divided among 330 Million people = about $3,000 per person.   
   >   
   There's where you go wrong.   
   =========   
   The three richest people in the US – Bill Gates, Jeff Bezos and Warren   
   Buffett – own as much wealth as the bottom half of the US population, or   
   160 million people.   
      
   Analysis of the wealth of America’s richest people found that Gates,   
   Bezos and Buffett were sitting on a combined $248.5bn (£190bn) fortune.   
   The Institute for Policy Studies said the growing gap between rich and   
   poor had created a “moral crisis”.   
      
   https://www.theguardian.com/business/2017/nov/08/bill-gates-jeff-bezos-   
   warren-buffett-wealthier-than-poorest-half-of-us   
      
   =============   
   Snopes also found that the wealth owned by the top 1% of Americans, as of   
   the fourth quarter of 2022, totaled $43.45 trillion, as compared to $4.16   
   trillion owned by the bottom 50% of Americans during the same period.   
   (Source: Federal Reserve.)   
      
   [ IOW 10X as much ]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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