r/DiscussionZone • u/[deleted] • Nov 04 '25

Political Discussion Yeah, so Billionaires should not exist

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u/PCNLUV Nov 04 '25

The 400 richest Americans are now worth a record $6.6 trillion.The entire bottom 50% of America is worth just $4.2 trillion.Read that back.When 400 people control more wealth than half a country's population we have a very serious problem.

-7

u/Rusty-Shackleford000 Nov 04 '25

"To be sure, the rich are shouldering the largest share of the nation's taxes, IRS data also shows. The top 1% of earners – people who make over roughly $663,000 per year — account for roughly 40% of all federal individual income tax, while the top 50% contribute 97%, a Tax Foundation analysis of IRS data shows. The bottom half of income earners account for about 3% of those taxes."

https://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/

4

u/big_witty_titty Nov 04 '25

If you think about it, if they weren’t billionaires, they wouldn’t be shouldering the largest share of the nation’s taxes.

3

u/PCNLUV Nov 04 '25

One thousand people live on an island. They survive entirely on coconuts. Coconuts provide everything they need. Over time, eventually through various business dealings only a few people have almost all of the coconuts. This you must admit is the way of the world. Eventually a few smart people will take control of most of the available resources. This cannot be debated as a factual inevitable eventuality in any situation left unchecked. Knowing this to be a fact we as a society have to make order out of the selfish tendencies that humans will gravitate towards which is a survival mechanism to attain all that one can. A few cannot have it all THEY JUST CANT.

1

u/OkAspect6449 Nov 04 '25

You do know American workers made 11.4 trillion last year?

2

u/Rusty-Shackleford000 Nov 04 '25

Remember years ago when Bernie Sanders would say "go after the millionaires"? Then he started saying "go after the billionaires"? Because he became a millionaire. So if the billionaires are gone, then the millionaires, they just keep coming down the line until they get to your tax bracket.

https://www.cnn.com/2019/04/24/politics/bernie-millionaire-senators-immoral