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View Diary: Walmart And The Simple Case For Progressive Taxation (11 comments)

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  •  Something really needs to be done about (4+ / 0-)
    Recommended by:
    artr2, Josiah Bartlett, unfangus, llywrch

    accumulations of wealth in this country.

    When two brothers can manipulate the national oil market to their advantage (and thus fucking the rest of the country,) something needs to change.

    With the miracle of compound interest rates and the Capital Gains tax rates, money calls to money like mass calls to mass -- and eventually, you have a black fucking hole that can only make the person who owns it richer while sucking money out of the pockets of everyone else.  We're already at that point.

    Consider the fact that Bill Gates made $6 billion off of his investments last year.  That's 6 billion in income.  That's $192 every second.  The man could literally burn a hundred dollar bill every second of his life and he'd still take in a little less than half what he made.

    At some point, we have to say that people are Rich Enough and that they really don't deserve any more money, because their ludicrous accumulations of wealth are a detriment to us all.

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