knapplc Posted March 17, 2020 Author Share Posted March 17, 2020 11 minutes ago, RedDenver said: The reality is that the 400 richest Americans have $2.96 trillion in wealth. Even taxing all of them at 50% for wealth above $1 billion, the "poorest" of them would still be worth $1.55 billion and the richest $57.5 billion. That would net $1.28 trillion in tax revenue, which is enough to pay every American $3878. If we instead took drastic measures and taxed all of them at 100% for wealth above $1 billion, all of them would still be billionaires (but not multi-billionaires). That would net $2.56 trillion in tax revenue, which is enough to pay every American $7757. And that's just 400 Americans compared to 330 million Americans. It's important to note that that was in no way a serious recommendation. Link to comment
RedDenver Posted March 17, 2020 Share Posted March 17, 2020 4 minutes ago, knapplc said: It's important to note that that was in no way a serious recommendation. I know, but I wanted to know some of the real numbers, so I shared. 1 Link to comment
knapplc Posted March 17, 2020 Author Share Posted March 17, 2020 8 minutes ago, RedDenver said: I know, but I wanted to know some of the real numbers, so I shared. During the death throes of the Roman Republic, Sulla (I believe) did such a thing. But Sulla was a monster, and we certainly don't need to be emulating that era of Roman history. Link to comment
TGHusker Posted March 17, 2020 Share Posted March 17, 2020 2 hours ago, knapplc said: Proactive move by the State of New York. I listened to Cuomo - he seems to be showing good leadership in trying to get ahead of this Link to comment
BigRedBuster Posted March 17, 2020 Share Posted March 17, 2020 @ActualCornHusker This would not affect those and we would need to come to some type of an agreement with them. This also wouldn't cost the feds anything. It comes down from the feds that all banking functions as far as loans and interest paid out to savings accounts basically are frozen for a specific time frame. 3 months? 6 months? If this were put in place, we would be asking our suppliers to suspend what we owe them till we start operating again. If they accept that, I would then turn to my customers and tell them their amounts they owe us are suspended till operations start again. But, this needs to start at the banking level. For most businesses, that is the largest creditor and the least flexible one. 1 1 Link to comment
ActualCornHusker Posted March 17, 2020 Share Posted March 17, 2020 38 minutes ago, BigRedBuster said: @ActualCornHusker This would not affect those and we would need to come to some type of an agreement with them. This also wouldn't cost the feds anything. It comes down from the feds that all banking functions as far as loans and interest paid out to savings accounts basically are frozen for a specific time frame. 3 months? 6 months? If this were put in place, we would be asking our suppliers to suspend what we owe them till we start operating again. If they accept that, I would then turn to my customers and tell them their amounts they owe us are suspended till operations start again. But, this needs to start at the banking level. For most businesses, that is the largest creditor and the least flexible one. Fair enough. My businesses' structure is much different than yours I'm sure. Link to comment
RedDenver Posted March 17, 2020 Share Posted March 17, 2020 Charter engineer quits over “reckless” rules against work-from-home Quote Charter CEO Tom Rutledge last week told employees in a memo to keep coming to the office even if their jobs can be performed from home, because people "are more effective from the office." Link to comment
Moiraine Posted March 18, 2020 Share Posted March 18, 2020 I wonder if Mnuchin has anything to backup his claim that unemployment could hit 20% or if he's just saying things. Nothing I've seen has it anywhere near that, although I can see it getting dire. Link to comment
BigRedBuster Posted March 18, 2020 Share Posted March 18, 2020 19 minutes ago, Moiraine said: I wonder if Mnuchin has anything to backup his claim that unemployment could hit 20% or if he's just saying things. Nothing I've seen has it anywhere near that, although I can see it getting dire. I definitely can see 20% or more depending on how the next 30 days go and the decisions the dear leaders make. Or, let’s pray this is nothing more than a blip on the radar that we are all drinking a beer 3 years from now saying....WTF? Link to comment
teachercd Posted March 18, 2020 Share Posted March 18, 2020 2 hours ago, RedDenver said: Charter engineer quits over “reckless” rules against work-from-home Well, he is correct, we all know that. But clearly this was the wrong time to be right. Link to comment
RedDenver Posted March 18, 2020 Share Posted March 18, 2020 WHO Now Officially Recommends to Avoid Taking Ibuprofen For COVID-19 Symptoms Link to comment
FrantzHardySwag Posted March 18, 2020 Share Posted March 18, 2020 Kentucky voters must be the dumbest people on the entire planet. 3 Link to comment
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