The Wealthy

[phkrause]

'Tax Scam': Republicans Follow Debt Ceiling Fight by Proposing Tax Cuts for Wealthy

"If House Republicans were actually serious about the deficit, they would demand wealthy corporations pay their fair share in taxes," one advocate said.

https://www.commondreams.org/news/republicans-follow-debt-ceiling-fight-with-tax-cuts-for-wealthy?

[bonnie1962]

No one ever really says what is a "fair share".After all the whining and self righteous condemnation liberals have always failed to explain when they have had the WH, Congress and Senate they haven"t defined fair share and changed any much of anything.

So tell me what is their fair share?  Our family has had many extremely wealthy relatives. Percentage wise I have no doubt that they did far more with what they had than those always whining about the wealthy. Some are/were  very close relatives. When they got a tax break they plowed that back into the business. Expanded and hired more whiners. Took risks and responsibilities the whiners can't even contemplate. Paid far more in taxes than the whiners could even imagine. Yet. Most would not consider working nearly as hard as the wealthy but want to punish that as much as possible. Serves them right, doesn't it?

Of course there are crooks and cheats among the wealthy, but they do not have a monopoly on that behaviour. Crooks and cheats thrive among the lower and middle class as well.If the whiners spent that time improving their own financial worth how much better off they would be.

But again,How much is their fair share?? Unless we now know more than God, He had it pretty well worked out don't you think? Fair share,10% for everyone 

But then God probably didn"t intend that we spend millions on teaching Chinese prostitutes to drink responsibly

[phkrause]

📈 Wealthy own record share of stocks

Data: Federal Reserve. Chart: Axios Visuals The wealthiest 10% of U.S. households now own nearly 93% of the stock market. Why it matters: This stat — which we first spotted in the Financial Times — is a crucial bit of context amid the heavily hyped surge of smaller retail investors who flocked to the stock market amid COVID, Matt Phillips writes for Axios Markets. While it's true a record 58% of American households own stocks via mutual funds or as individual shares, the aggregate amount that most own is tiny. 🖼️ The big picture: In the past decade, the S&P 500 gained 155%, and the tech-heavy Nasdaq Composite index went up a whopping 250%. The bottom line: The U.S. market is simultaneously at its most unequal point on record — and the most democratized. Weird, but true.