this post was submitted on 16 Aug 2022
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Late Stage Capitalism
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He made a lot of money for himself and his friends. And all it cost was the future of America. There were plenty of issues before him, but this was a huge tipping point. For those who don't understand the 70%. If I recall correctly that was the tax rate of the rich.
I don’t care who it was the tax rate for, a 70% tax rate is stupid. Takes any incentive for working beyond a certain point out which stifles innovation and is the death of a growing and cutting edge society.
Yeah, what would we ever do without today's billionaires? I can't imagine a world without guys like Elon Musk spending their endless money on controlling narratives on social media instead of contributing a much larger share to social programs and infrastructure. He's always finding ways to innovatively call people pedos, and without that, we'd be much worse off as a society.
Tell me you don't understand tax brackets without saying you don't understand tax brackets.
I fully understand tax brackets. I'm an Executive Director over a multi million dollar organization and core member of the financial and accounting teams, responsible for auditing income statements and the like. I also own a private business and do all the accounting and payroll myself.
The real problem here is, I’m a proud capitalist, and seem to have wandered into communist and/or socialist lemmy communities on accident because this post showed up on my home feed for some unknown reason. Pardon my making sense. I’ll see myself out.
You're a lazy good for nothing bloodsucker, like all capitalists.
What you are is a piece of shit
👍 cool bro
I would never call an « executive from a multimillion dollar company » simping for billionaires and who deletes their comments like a wuss when called out a brother. You and me couldn’t be further apart. I’d spit in your face.
Fucking idiot, holy shit.
... you realise this is 70% past a certain point? Like everything after 1 million was taxed 70%.