stopthatgirl7 to Work [email protected] • 10 months agoCEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report findswww.theguardian.comexternal-linkmessage-square101fedilinkarrow-up1795arrow-down15file-textcross-posted to: [email protected][email protected]
arrow-up1790arrow-down1external-linkCEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report findswww.theguardian.comstopthatgirl7 to Work [email protected] • 10 months agomessage-square101fedilinkfile-textcross-posted to: [email protected][email protected]
These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m
minus-square@[email protected]linkfedilink-6•10 months agoSo crank it up to 60, 70, or 99%! You don’t need a wealth tax to do that.
minus-square@[email protected]linkfedilink9•10 months agoWhy not both? The problem is that once you are super rich you don’t really have an income anymore. You just expand your wealth and you end up paying way less taxes on that. This is something that the common mortal can’t even think of.
minus-square@[email protected]linkfedilink-10•10 months ago don’t really have an income anymore You’re delusional. High and UHNW individuals also tend to have high income. just expand your wealth Income expands wealth. Unrealized income will be taxed eventually. common mortal Thank god you’re here to tell us these things. Did you get your accounting degree from university of american samoa too? Please just stop
So crank it up to 60, 70, or 99%! You don’t need a wealth tax to do that.
Why not both?
The problem is that once you are super rich you don’t really have an income anymore. You just expand your wealth and you end up paying way less taxes on that.
This is something that the common mortal can’t even think of.
You’re delusional. High and UHNW individuals also tend to have high income.
Income expands wealth. Unrealized income will be taxed eventually.
Thank god you’re here to tell us these things. Did you get your accounting degree from university of american samoa too? Please just stop