Tag: Millionaire

TAX

The millionaires who are begging to pay more tax

Brian Cox wants millionaires and billionaires to pay more tax.

Being a millionaire is just another small powerless voice in the land of the financial elite and powerful.  Of Course they’d support a qualified change of a 2% tax for those over $10M in investments to help the trickle-down that never occurred these past 50-plus years.  Only too happy to salvage a dying system rather than change it. It’s a bit of a cry by millionaires to ” Hey look over there” Billionaires and Trillionaires they need to give a lot more”. Millionaires already saw their taxes generously reduced and profits up by far more than 2% aren’t giving back anything they made in real terms.

It’s the structure of global corporations that needs to be changed from private to public and a real Future Fund established and they need to be taxed and the profits invested for our and a global common good. Can you imagine the Military Industrial Complex battling the war on poverty health and housing? Their shareholders need to feel the benefits of profit sharing and not feel it as a punishment tax simply because of their current lack of interest in contributing to a common good. Israel and its supporters currently need to be heavily punished and taxed. The Bhutanese on the other hand don’t as they already base their economy on ” Gross National Happiness”

A recent survey has found that nearly half of all millionaires from G20 countries think extreme wealth is a threat to democracy.

The survey was conducted by Survation on behalf of Patriotic Millionaires and found that three-quarters of those questioned supported higher taxes on wealth.

For the survey more than 2300 people from G20 countries with more than $1 million investable assets, excluding their homes, were polled.

The survey found 74 per cent were in support of higher taxes on wealth to aid the cost-of-living crisis and improve public services.

Some 75 per cent also support a two per cent wealth tax on billionaires being introduced, and 58 per cent support the tax for people with more than $10 million.

Additionally, 72 per cent believe extreme wealth can buy political influence and 54 per cent maintain that extreme wealth is a threat to democracy.

Source: The millionaires who are begging to pay more tax

Bernie Sanders, Uncategorized

Bernie Sanders is a millionaire socialist. Does it matter?

Not apologising: Senator Bernie Sanders speaks during a Fox News town-hall style event.

But it has been an uncomfortable moment for Sanders, forcing him to speak about himself rather than systemic problems in American society.

He’s discovering that the shift from underdog to frontrunner comes with a catch: increased scrutiny. It’s a price Sanders will have to pay for the right to take on Donald Trump in 2020.( Matthew Knott Ch9)

What a load of hypocritical bullshit this is on the part of the Ch9 writer for The AGE Matthew Knott. It’s what you can expect from Murdoch Inc, and we will hear for a long time to come as an attack on Burnie Sanders.

However, individuals don’t choose their position in the Capitalist social system so readily it selects them in most cases. I’m an Australian millionaire and a Socialist. I believe it makes Sanders and I reasoned rather than just emotionally selfish because we know where we stand in the grand scheme of things. Sanders and I aren’t the exceptions nor do we need to be destitute, to be honest. To be able to recognise a rigged system for what it is and not support it is being educated. Education is something Capitalism has commoditised and is fast removing critical thinking from its curriculums.

We don’t believe in Charity and therefore have no need to give money away frivolously on bandaid causes. That too is the Capitalist promise of the trickle-down economic solution to everything rather than the taxing one so commoditising Charity as well.

AOC, Ilhan Omar is currently young Democrats and left-wing Socialists in Congress. Capitalism will if it continues on its current path will make them millionaires but not hypocrites or never Mother Theresas. They see a broader problem as does Sanders the American system.

It’s why the question is a distraction which will be aired by some thinking they are just devils advocates but are more just pushing the barrow helping regressive turn on the emotion rather than the truth of reasoned progress. (ODT)

Bernie Sanders is a millionaire socialist. Does it matter?