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Since 2020, the 5 richest men have doubled fortunes, 5 Billion people got poorer

https://www.instagram.com/reel/C4aseAvAg9s/?igsh=MzRlODBiNWFlZA==
WalksWith · 51-55, F
yup. And President Biden pledges to tax them for the unfair loop holes that let them pay less taxes than a blue collar worker. The silly part is, President Biden's opponent is for giving them even lower taxes, so the middle class and poor pay more, and when we are sucked dry, they want to go after social security and other programs that help the poor, to pay for the wealthy tax cuts.
DailyFlash · 56-60, M
@Ynotisay John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.
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Ynotisay · M
@DailyFlash Never heard that line. An interesting take. And I think for some that's absolutely true. They protect the richest under the VERY mistaken idea that it might be them some day.
justanothername · 51-55, M
One vital point you missed. All those 5 richest men all started out like the rest of us but all 5 of those rich guys had an idea and followed that dream.
Jeff Bezos was working as an analyst on Wall Street before he drive across the US to set up Amazon which would turn him into a multi billionaire.
Bill Gates was a self taught computer coder who was also a good problem solver. Yes, his parents were rich but it was Bill gates idea to write software for the personal computer which was unheard of in the 70s when IBM ruled the world that built the colossal that because Microsoft.

Those are just two examples.
Ynotisay · M
@justanothername I stopped after "communist" dude. That's all I needed to see. I'm done.
DailyFlash · 56-60, M
@Ynotisay I'm puzzled why anyone thinks a billionaire deserves to pay less income tax than they do. And that the rules don't apply to them because they're mega rich.
Ynotisay · M
@DailyFlash Yep. It's completely nonsensical to me. Although there is a dynamic where people think that it could be them who's rich like that at some point. As usual, fantasy and belief drives people away from the truth. They fight for the right to be harmed. Makes no sense.
easterniowegin · 51-55, M
It was intentional. But at least ppl felt safer letting amazon and walmart remain open while shutting down every little guy.

All over the flu. 🙄
DailyFlash · 56-60, M
@zonavar68 actually it's in the same family of virus that cause the common cold.
@easterniowegin I'm not scared, but I can read.

Re-read that headline--it doesn't say what you claimed. And the CDC statement doesn't say what you claim, either.
easterniowegin · 51-55, M
@SomeMichGuy
You work so hard to uphold the narrative and to be "correct" that you fail to understand the real outcome.

The virus is still the virus...how they treat it or categorize it is what has changed. But many of us treated it that way the entire time, because the fear that was ginned up was unnecessary.
Northwest · M
Yes. They did.

And we allowed them Here's also some more news: their tax rate is lower than the average American. President Biden has a proposal: flat tax rate of 25% for people who exceed a certain income level.

Other than that? stop buying from Amazon, Tesla, etc.
gol979 · 41-45, M
Whatttt. You mean the scamdemic and lockdowns benefited the uber rich and decimated normal people? Well, tickle me pink.
thenormalkindofcrazy · 31-35, M
Yeah, pretty much going to be like this in any system (inb4 that wasn't real socialism!). The rich get richer, donate a bit to politicians on both sides, and skate on by. Oh sure, you'll have the odd politician tell us "We're gonna fix that!" but unless you were born yesterday, you'd realize that they can't afford a mansion or three on a congress member's salary.
Ynotisay · M
@thenormalkindofcrazy Good points about capitalism but I think it's a bit of false equivalency when it comes to the parties. The facts show Democrats seeking to raise to taxes on the wealthy. And that's a new thing.
whowasthatmaskedman · 70-79, M
And this is how "trickle down" economics works..😷
Ynotisay · M
@whowasthatmaskedman You're so right. It changed the game. And with the added help of the Christian Coalition and faux-patriotism, people sealed their fate.
whowasthatmaskedman · 70-79, M
@Ynotisay And now the game is afoot with the $US..The smart people caught on before the first Global financial crisis and the printing presses have been running hot ever since, printng Monopoly money and passing it off as real. The clever people used it to buy land, gold or resources and stores of wealth. But the wheels are about to fall off now..😷
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MasterLee · 56-60, M
Liberalism at it's core
DailyFlash · 56-60, M
Like social security and Medicare?
MasterLee · 56-60, M
@DailyFlash no, since you pay into it. It isn't a freebie. Fundamentally there should be a better system that the government isn't involved with it at all.
ViciDraco · 36-40, M
@MasterLee I find it amazing that so many people have faith in private enterprises after the track record of huge corporations buying everything good and then proceeding to make it worse over time.
Everyone knows a crisis brings wealth consolidation. Capitalism is clearly good for the rulership and for its society. Nobody thinks we can stop it, it's too heavily armed.
RedBaron · M
Instagram is not a credible news source.
zonavar68 · 51-55, M
One reason - Covid.
Ynotisay · M
@zonavar68 It's been going on for a while. Didn't start in 2020. But they absolutely did increase wealth during the pandemic. Bought up a lot of property and stock. A true example of the rich getting richer.
MonaReeves86 · 36-40, F
So what they are allowed to be rich it’s not there fault that poor people don’t know how to invest
MonaReeves86 · 36-40, F
@DailyFlash no they don’t have to
DailyFlash · 56-60, M
@MonaReeves86 that's the problem.
MonaReeves86 · 36-40, F
@DailyFlash they pay enough to sponsorship to charities to anything that they can do to help others
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DailyFlash · 56-60, M
@MarmeeMarch worldwide

 
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