$CNC, it may recover nicely. I'll be watching.
UPDATE: Donald Trump Takes Office as the 47th US President
- Thread starter DC_Dude
- Start date
$CNC, it may recover nicely. I'll be watching.
ChatGPT ran the numbers on what would happen if billionaires paid taxes at the same rate middle-class families do — around 15%-22%.
Using the ProPublica data, if those top 25 billionaires had been taxed at a 20% rate on their wealth growth, they would have paid around $80 billion instead of $13.6 billion.
“Extrapolate that across approximately 1,000 billionaires?” the AI asked. “You’re talking hundreds of billions in added revenue annually.”
The most eye-opening part was learning that the problem isn’t necessarily that billionaires are breaking the law or even paying lower rates on their taxable income. The issue is that our entire tax system is designed around taxing work rather than wealth.
“Middle-class families can’t defer taxes on wages or borrow against stocks tax-free,” ChatGPT pointed out. This creates a fundamental unfairness where people who work for their money get taxed immediately, while people whose money grows through investments can delay or even avoid those taxes entirely.
The AI outlined several ways this massive revenue increase could transform government services:
Using the ProPublica data, if those top 25 billionaires had been taxed at a 20% rate on their wealth growth, they would have paid around $80 billion instead of $13.6 billion.
“Extrapolate that across approximately 1,000 billionaires?” the AI asked. “You’re talking hundreds of billions in added revenue annually.”
The most eye-opening part was learning that the problem isn’t necessarily that billionaires are breaking the law or even paying lower rates on their taxable income. The issue is that our entire tax system is designed around taxing work rather than wealth.
“Middle-class families can’t defer taxes on wages or borrow against stocks tax-free,” ChatGPT pointed out. This creates a fundamental unfairness where people who work for their money get taxed immediately, while people whose money grows through investments can delay or even avoid those taxes entirely.
The AI outlined several ways this massive revenue increase could transform government services:
- Healthcare: We could expand Medicare and Medicaid, potentially moving toward universal coverage.
- Education: Fund universal pre-K or make community college free for everyone.
- Infrastructure and climate: Invest seriously in clean energy projects and fix our crumbling roads and bridges.
- Debt reduction: Actually pay down the national debt instead of adding to it every year.
Wealthy individuals purchase the allegiance of politicians and judges who create laws that benefit them, and in exchange, they compensate them generously for their loyalty. The affluent consistently triumph because when the labor force has reached their breaking point and rises against them, they incite conflicts among us through their cultural disputes, thereby dividing us once more.
Throwback
that fool aint gon make it past the midtermsThe coons weren't invited.
Exhausted scared and delusional .
Trump admits to wanting ethnic cleansing with "REMIGRATION"
Trump has said it multiple times before, and I pointed out that it couldn't be a mistake for "return migration." It's all in caps in the title with quotes, because that's what Trump just did in a Truth Social post. Remigration is a far-right term for...
www.dailykos.com
thats why they needed to get access to everyones soc sec info...
Musk announces arrival of new ‘America Party’ after Trump split
The billionaire donor has teased the launch of a third party ever since his megabill squabble with Trump.
The American Party
Trump will call it the African American Party within two weeks.
No, the black guy shot them in the foot.
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