The Great Zaganza
Maledictorian
- Joined
- Aug 14, 2016
- Messages
- 29,964
(1)completely irrelevant - it's about establishing a principle that there is such a thing as Too Much Wealth, and that money should go to those who have the least.What proportion of estates even attract an estate tax ?
(1)
Here in the UK with a much, much lower threshold it's around 5%. Why do the Democrats have to work so hard to protect the interests of the very richest in society at the expense of the vast majority? It's even more iniquitous when you consider that inherited wealth actually worsens income and wealth inequality.
(2)
It's like the Pre/Earlier Reagan income tax rate of 95%: basically no one was paying that because no company would give anyone a salary that high, because there would have been no point.
(2)Basic reason IMO is laziness and desire to belong to a higher peer group: in the US, fundraising for your next election is a constant effort that takes a lot of time - much much easier and quicker to just find a sugar daddy, you might even tell yourself that this way you have more time to deal with the needs of your constituents (after the needs of the sugar daddy are taken care of).
And, as Clarence Thomas so aptly demonstrated, there is the second-hand glow you get when the billionaires let you hang out with them and treat you like you are hot ◊◊◊◊. Much more agreeable than going to workers' meetings and get told that you have not yet done nearly enough.
And then there is a Major US industry of "Think" Tanks, i.e. institutions who launder a hyper-capitalist ideology through some scientific-sounding mumbo-jumbo to create a paper trail of populations that a politician can rely on to back them up when they want to pretend that eliminating Medicare would actually be a good thing.