Little known fact: the Russian Revolution started with a woman’s march for food for their hungry children. This supposedly so shamed men that they finally rose up. Or those women were just the signal that enough was enough. That was the end of the Russian aristocracy who were mostly executed. The New Deal came about because FDR told his rich friends they were going to go the way of the Russians if they did not pay a 90 percent income tax to pay for safety nets.
If you taxed Elon Musk at a 99 percent income tax rate he would have put around 2 billion dollars in the bank this year and paid close to 200 billion. Think about that. If you taxed his net worth at 1 percent that would be 5 billion dollars he would have to pay so his combined tax would be around 200 billion dollars. He will pay between 2 and 7 billion. Billionaires ended America on election night.
Income tax, state tax, sales tax, other taxes, medical insurance, mortgage, car insurance, school loan debt, inflation……we are being farmed by the rich like animals. This is no longer a democracy…if it ever really was.