America needs a lot of things that would help EVERYONE. Free college for anyone who wants it, expanded healthcare, infrastructure maintenance and improvements, pre-K care and education, investments in green energy technologies, the list goes on an on. These programs would not only help those directly affected, but would help every single American by creating a more stable, more just society.
But how to pay for it? (Honestly, this is a stupid question. We're the richest country in the fricking history of the world. But since (R)s are always asking this when it's a Democratic President, I'm asking for them.)
In the president’s first 100 days in office, against a drumbeat of calls for the rich to pay more in taxes, the 100 wealthiest Americans added a combined $195 billion to their fortunes, according to a Bloomberg analysis. [...]
The richest 100 made a further $267 billion between the 2020 election and Biden’s inauguration, amounting to a total gain of $461 billion since Nov. 4. From Donald Trump's 2017 inauguration to last fall’s election, those billionaires got about $860 billion richer.
The combined fortunes of the richest 100 Americans have reached $2.9 trillion, greater than the combined $2.5 trillion wealth of the bottom 50% of the U.S. population, according to data from the Federal Reserve. Bloomberg
Tax the rich. They WON'T miss it, even a little bit. They are already as insulated as you can be from any problems life has to offer.
The good this money will do for everyone else will be life-changing for millions.
2 comments:
So the top 100 richest Americans have an average of 29 billion dollars each, where-as the bottom 50% of Americas population (about 167.5 million people) have an average of 15 thousand dollars each. But what about the approximately 99.9999% of people (again about 167.5 million people, but obviously excluding those other 99 Bill Gates impersonator's at the top of the list, as it were) between those those extremes of wealth ?, i was trying to work out roughly how much money those financially middle-tier Americans (so to speak) each had on average ?, but i wasn`t sure how to calculate it ?, i suppose it has something to do with the average gross national product of the United States in any given year and probably a hundred other complex variables as well, maybe you could calculate it, it wouldn`t have to be an exact number just a 'rough estimate/educated guess' would be OK (albeit one based on some actual true and reliable data of course), cheers.
That's why there needs to be a progressive tax code, the more you have, the higher the percentage you pay.
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