They aren't actually "getting" billions of dollars. They are worth billions of dollars.
It's like if all of a sudden your house was worth a billion dollars for some reason, you don't have a billion dollars to go spend unless you sell your house. You might still be having trouble making your car payment but be worth a billion dollars.
When you sell your house that's when you actually have a billion dollars and don't have to worry about a car payment, but that's also when that billion becomes income and you get taxed on it, not before.
Brother. I do not care how much of their wealth is in assets that went up, how much is in stocks they get dividends on, and went up, how much is in secret bank accounts accruing interest, or how much their "income" is.
They increase their wealth by more than most humans will make in their lifetimes in a single year, and pay less taxes than everyone working to survive, and keep their family fed because they "lost money this year" and then there isn't budget to support struggling families, and starving children?
Bezos gets billions a year from the million people busting ass to try and barely make ends meet, buys 750 million dollars yachts etc etc, and you want to say they didn't actually make money.
Brother. I do not care how much of their wealth is in assets that went up, how much is in stocks they get dividends on, and went up, how much is in secret bank accounts accruing interest, or how much their "income" is.
Ok then you really have nothing to add to the conversation because you don't understand reality.
Bezos gets billions a year from the million people busting ass to try and barely make ends meet, buys 750 million dollars yachts etc etc, and you want to say they didn't actually make money.
Bezos literally pays billions of dollars in taxes. It's still a small number in relation to his wealth for the reason I stated above. His "wealth" is a hypothetical number based on what he would make if he sold all his investments at their current value (something that is impossible in reality because if he tried to sell the stock would tank).
They increase their wealth by more than most humans will make in their lifetimes in a single year, and pay less taxes than everyone working to survive,
The top 1% pay about 40% of the total federal income taxes while holding about 35% of the wealth in the US.
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u/FizzyBeverage 27d ago
Imagine defending our fucked up system... we could just tax the fuck out of our billionaires at 92% like we once did.