Apparently, Elon Musk's Girlfriend is a Communist

Eh, if she weren't chewing on Elon, I'd certainly never have heard of her.

I hadn't heard she was boinking Elon when I started listening to her.

I mean, case in point: Lex Luthor.
And while I don't care much about Spiderman, I'd imagine Osborn qualifies.
Ah, hell. Bolivar Trask on the X-Men side.

ProPublica just dropped the income taxes for 2014-2018 of the 25 richest people in America.

Several of them didn't pay any taxes at all - Jeff Bezos didn't for 3 of the 56 years listed. Just the richest man in the world.

If you include increases in wealth compared to taxes paid, those 25 paid a true tax rate of 3.4%. Warren Buffet paid only 0.1%.

Yes, capital gains aren't part of income tax until cashed out, but they should be. That's where almost all of the ultrariches wealth is accrued. It isn't in traditional income. Even when they realize those returns, they pay less than half the rate on the income they got for having money as opposed to working.

Completely rigged system. https://www.propublica.org/article/...ds-reveal-how-the-wealthiest-avoid-income-tax

Job creators, bro!

That’s a bold position. Belgium is the only country that taxes unrealized capital gains (and, if I’m understanding it correctly, subsidizes unrealized capital losses, but something tells me you wouldn’t like it if AMZN drops by 30% and Jeff Bezos gets cut a check for $10 billion) on a regular basis — some countries tax them on emigration — and they don’t tax (or subsidize) realized ones.

There are better ways of taxing the ultrawealthy than unrealized capital gains, and bear in mind that the assets underlying the wealth are being taxed on their income. Could the corporate tax rate match ordinary income? Sure. Or ordinary income could have as many deductions as corporate expenses, to make it more fair, or both. Remove or phase out the interest deduction, maybe. But taxing unrealized capital gains isn’t a good idea, for most of the same reasons an outright wealth tax isn’t.