Income Inequality
- Thread starter BigRedBuster
- Start date
jsneb83
New member
You mean the same guy that says that he, a wealthy individual, has been under audit for years?
teachercd
Well-known member
Mark Zuckerburg just said he feels like he has too much money! I just Venmo'ed him asking for a few million to help him feel better! Hurry guys, we gotta all un-pitch in and help him out!
Update: He has still not sent me any money via Venmo.
Update: He has still not sent me any money via Venmo.
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NM11046
New member
This is an excellent chart - I'm guessing folks lock in on total tax paid though, and don't realize that 2.3% vs 12.3% is insane for consumption tax (and similarly for payroll tax)BlitzFirst said:
Landlord
Banned
I'm really genuinely not too good with math, but even I can realize this is a much too simplistic way of looking at this that doesn't necessarily say much other than a talking point.
For example, two months ago Bill Gates had given away over 35 billion in charity just in the first 3/4 of 2019. But he also added another 16 billion to his net worth. He gave away almost a third of his total net worth but added back a tenth (probably usually adds back more), and I imagine keeps recycling it like that over and over.
BigRedBuster
Well-known member
NM11046
New member
So let's say he only has 1billion liquid. .4% of that is still pretty poor in comparison to what many donate to charity.
In the US the avg donated is something like $4k per person, which is 3.7% of their avg earnings. Now obviously that includes outliers like Bill who give significantly more, so let's say it's $1k avg for a "regular" person. Still more than .4%.
I've got no skin in this argument really, but I have always found it interesting the accolades given to big name people when they give to be a bit of an insult to those who give and actually sacrifice to do so. Everything is appreciated, but imagine what a difference the truly obscenely wealthy could make (and yes, I know some do make a difference)
I keep meaning to look into Bloombergs' percentages, as he's been very targeted with focus on clmate change and etc.
In the US the avg donated is something like $4k per person, which is 3.7% of their avg earnings. Now obviously that includes outliers like Bill who give significantly more, so let's say it's $1k avg for a "regular" person. Still more than .4%.
I've got no skin in this argument really, but I have always found it interesting the accolades given to big name people when they give to be a bit of an insult to those who give and actually sacrifice to do so. Everything is appreciated, but imagine what a difference the truly obscenely wealthy could make (and yes, I know some do make a difference)
I keep meaning to look into Bloombergs' percentages, as he's been very targeted with focus on clmate change and etc.
ZRod
Well-known member
But they're saying 0.4% of 2.5 trillion is 10 billion. If we assume they all gave equally then each of the 400 would donate $25M. In your scenario that's a 2.5% of the billionaire's cash.
Ratt Mhule
Active member
No idea where to put this tweet thread but holy s#!t this is f#&%ed up!