Ah yes in the good old US of A there is a movement that says there should be no billionaires. I personally don’t care if there are billionaires or even trillionaires This is from a guy not a hundred thousand net worth,or for that matter half that.
Why may you ask don’t I give a rats behind that there are people who are worth billions upon billions and there are people who are living in the streets who aren’t worth two cents.
Well I have a pension and that pension like all pensions are invested.And you all can say that there are people invested in their retirement by having a 401k and an IRA and they are invested in those stocks and real estate of those billionaires.
Unfortunately stocks and real estate trust are pyramids and the super rich are at the top of the pyramid.
When they do well my pension and the savers for retirement are doing well and in my eyes there is nothing wrong with that and in fact it’s a good thing.
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Now how do we help those poor unfortunate souls who don’t have two cents to there name, perhaps we tax assets of individuals who have assets not part of their retirement that over a million dollars, excluding homes, they ( the homes) are taxed enough.
We could even tax those millionaires and billionaires on their assets over a million dollars to help shore up Social Security.
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Now those who say there shouldn’t be any billionaires explain that to the supper rich foreigners.
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