Biden warns oligarchy threatens democracy (being Oligarchs' pick himself)

[Rich2018]

Talk to your congressperson about sponsoring a bill to limit the amount of money people can make then.

I don't want to limit the amount of money people make, merely to impose a tax scale that taxes an increasing percentage of their earnings
Something like 98% on everything over $1 million.

Define "rich" and define "poor".

Definition of RICH

having abundant possessions and especially material wealth; having high value or quality; well supplied or endowed… See the full definition

www.merriam-webster.com

Definition of POOR

lacking material possessions; of, relating to, or characterized by poverty; less than adequate : meager… See the full definition

www.merriam-webster.com

What are the monetary thresholds?

There are no absolute thresholds.

Some people feel "poor" because they can't afford unnecessary "stuff" that they want...

Citation ?

Some people are considered "rich" simply because they live in a certain neighborhood. They may have a multi-million dollar house, but they arent "millionaires" Being rich is very subjective, as is being poor. If you are talking about people at the federal poverty level or below, thats another thing. Again though, people being at that level involves many factors. Hardly any of which has anything to do with how much money Jeff Bezos has.

So you admit the terms "rich" and "poor" is subjective
So asking what the thresholds are was a bit of a stupid question, wasn't it ?

 

[Maidenrules29]

I don't want to limit the amount of money people make, merely to impose a tax scale that taxes an increasing percentage of their earnings
Something like 98% on everything over $1 million.

Definition of RICH

having abundant possessions and especially material wealth; having high value or quality; well supplied or endowed… See the full definition

www.merriam-webster.com

Definition of POOR

lacking material possessions; of, relating to, or characterized by poverty; less than adequate : meager… See the full definition

www.merriam-webster.com

There are no absolute thresholds.



Citation ?



So you admit the terms "rich" and "poor" is subjective
So asking what the thresholds are was a bit of a stupid question, wasn't it ?

The threshold for you seems to be one million. That's not alot in today's economy. And you want to tax anything over that at 98%?? I guess you dont want anyone re-investing into their business in order to build it (which is good for the economy) or be able to retire comfortably?

 

[VySky]

THis is how it goes:


This is the most ridiculous claim I ever met. Biden, being a representative of Deep State (the same oligarchs, he talks about), someone who oversaw and may be directed election fraud in 2020, which enabled him to crawl into power, and this guy talks about oligarchy!!!!
After ferocious anti-Trump campaign in the press, violent attempts to jail president-elect, blocking him from power, after direct attempt to assassinate the choice of American people, this puppet POTUS, senile JOE, is speculating about democracy!!

Who?

 

[Ouroboros]

Biden wouldn't have done it if Kamala had won last year
But Trump's election win forced his hand.

This response assumes that Trump would break or bend the law to persecute his enemies. Can you base this common Mad Lib speculation on anything Trump did in his previous tenure? Anything comparable to the lawfare Trump himself suffered?

 

[Rich2018]

The threshold for you seems to be one million.

One million seems a good threshold, but if you can make an argument for a different figure, let's hear it.

That's not alot in today's economy.

You don't think you could live comfortably on $1million per year
I feel sorry for you.

And you want to tax anything over that at 98%?? I guess you dont want anyone re-investing into their business in order to build it (which is good for the economy) or be able to retire comfortably?

That would be covered under "tax avoidance".