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Mayhem Requiem
economy

Graphic representation of Wealth distribution in the US


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FATCAT

This is why we need to have equivalent taxes on the rich. They use crazy loopholes to wind up paying little to nothing compared to their vast wealth!

This kitten over here (meow)
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GloZell Green

I'm probably in red but hey who cares the government isn't gonna do sh*t to help my neighborhood 

Lady Gaga | Shakira
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venusian

This is why we need to have equivalent taxes on the rich. They use crazy loopholes to wind up paying little to nothing compared to their vast wealth!

#Bernie2016

WELCOME TO THE TRAGIC KINGDOM
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Shattered

Is this not an issue in pretty much any other first world country though (albeit on a smaller scale)? This isn't due to the American political system, it is representative of greed among influential people in powerful positions.

Unfortunately there really isn't anything we can do about it here in America. Citizens United ruined our political landscape. Money talks and people listen.

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FATCAT

I'm probably in red but hey who cares the government isn't gonna do sh*t to help my neighborhood 

That's why we have to get to the voting booths and make the government do **** for US! :)

This kitten over here (meow)
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GloZell Green

That's why we have to get to the voting booths and make the government do **** for US! :)

I'm only fourteen tho :air: but when I grow I up will :yes:  I really want the situation here in Chicago to improve, the terrible truth is always hidden but it's just horrible. 

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Is this not an issue in pretty much any other first world country though (albeit on a smaller scale)? This isn't due to the American political system, it is representative of greed among influential people in powerful positions.

Unfortunately there really isn't anything we can do about it here in America. Citizens United ruined our political landscape. Money talks and people listen.

It is, but the wealth distribution can be improved with (for example) a dividend tax.

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Economy

It is, but the wealth distribution can be improved with (for example) a dividend tax.

this! A dividend tax is a good idea because since most rich ppl make lots of money on investments, thats a good way to tax them their fair share

 

or do what we do here in Canada, count dividends/gains as income and its added to your annual income and what you pay on dividends depends where u are on income bracket

 

i pay 15% on dividends cuz i only make $32.000 a year. My dad would pay 22% on dividends because he makes $70,000 a year

 

A top bracket income earner would pay 29% in Canada because thats the top income bracket tax rate. I think this system is fair! :yes: 

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this! A dividend tax is a good idea because since most rich ppl make lots of money on investments, thats a good way to tax them their fair share

 

or do what we do here in Canada, count dividends/gains as income and its added to your annual income and what you pay on dividends depends where u are on income bracket

 

i pay 15% on dividends cuz i only make $32.000 a year. My dad would pay 22% on dividends because he makes $70,000 a year

 

A top bracket income earner would pay 29% in Canada because thats the top income bracket tax rate. I think this system is fair! :yes: 

Here it is 30% tax on a fixed estimate of 4% interest rate, above 30000€ total investments/savings. They want to change it so there's no tax below 100k investments+savings, which would make it fairer for the middle class. They also want to make the taxrate dependent on the type of investment, so bank depositos (low interest rate) get a lower tax than other things with a high interest rate, but only the left-wing parties really support it (and the right-wing coalition partner, as a sort of compromise).

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Ugh. This is so disgusting. People really need to take this problem seriously. Majority of us are so far removed from the lives of the top 10% that the inequality isn't always outwardly apparent enough to realize. 

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