Monday, December 5, 2022

Here's a glaring example of wealth inequality

 [If an asset's price has increased and you haven't yet sold it, you have an "unrealized capital gain".] See below---


When the first permanent Income Tax legislative bill was passed into Law (there was a temporary one during our Civil War), wages were not taxed, only capital gains were. The tax applied to only about 2% of the adult population.

During the Golden Age of American Capitalism (right after WW II to the "Nixon Shock" in 1971), the Upper Crust was taxed at a rate of up to 90%...and they remained wealthy. Now they whine if they have to pay at a rate of 30%.

Be Well

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With his recent ludicrous ideas, Trump is gaslighting again

  https://www.youtube.com/watch? v=R5pgB4RMOKk When gaslighters get backed into a corner, one of the tactics they use to get free is this:  ...