A Rigged System

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Here’s how the super rich can fund their lavish lifestyles without technically having any income that can be taxed.
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“The rich would have to eat money if the poor did not provide food.” Russian proverb

mickwatt
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Absolutely need to change. Taking loans and making compounded income off unrealized gains is such an insane system idk how they pulled the wool over everyone’s eyes. But they did and it needs to change and that starts with awareness

josephm
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”Tax me more, believe me, I can afford it”

Warren Buffett

MlmlBruh
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No more wellfare for the rich. Wealth tax

amycantwell
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America is an Oligarchy. We’re govern by the rich and corporations.

cpt
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Abraham Lincoln believed that supporting labor (the people who produce goods and services every day) was more important than supporting capital (wealth, property, and the means of production) because without labor there would be no capital in the first place. Why, then, are we taxing the labor side of the market harder than the capital side?

jfree
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Infuriating! Yet people continue to vote against their own interests.

bethcount
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In America, the average citizen is really nothing but A Tenant. We pay all the costs, while the rich collect all the wealth we create.
What a beautiful fullfilment of the ideals of capitalism.

jackreisewitz
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Robert Reich's research needs to be aired regularly on the internet, radio, television to keep the populace updated and informed on the various topics that we all need to know in order to vote more responsibly! Thanks to others like Bernie Sanders and the reporters at the FreeSpeech TV Network we all can learn to vote for candidates that are not owned by Wall Street. Otherwise, you end up voting against your own interests! Most people are kept in the dark by the top 1% so this can continue without being challenged! Wake up people!!!

jeffreyreed
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They get trillions and average citizens and workers ending up homeless.

lilishyta-epwr
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This is not left or right. This is disgustingly rich vs the other 90%

cthymnn
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That's completely insane. Tax it all.

feathersigil
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Yup and I They want to elect Donald Trump as their ring leader

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I can recall some historian - decades ago - who developed a mathematical formula to predict historic civil unrest. Applied to past violence and revolutions, it was uncannily accurate.
In every case, at a breaking point when a desperate population decided they had nothing left to lose, the rich and royal suddenly found that their unearned fortunes offered little protection against mobs, firing squads and guillotines.

One of the problems about such rigged systems is that the rich start to consider themselves fireproof. Just so many history books to show how tragically wrong they were. And even they had their innocents.

jackwaycombe
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it's staggering! And the Repubs make it possible

henrimatisse
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Back to the Gilded Age, for the billionaires😟

alexrafe
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And they don't have a rat's azz about ANYBODY, who isn't rich.

kennethmcquiller
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This is why ALL income needs to be taxed. It shouldn't matter if you are paid in dollars, shares of a company, or barrels of picked herring, if you are paid? That's income.

robertmoore
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All taxes & corporations need to be taxed & be held accountable for the crimes on humanity and the American people.Slavery in America is alive and well.

AbusedbyScientologist
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They're soooo rich it's just corrupted them.

juliadean