“The exceedingly comfortable souls who make up the richest .01 percent of Americans today only total about 32,000, a cohort too small to fill a standard Big League ballpark. But if these wealthy were to launch their own country, that new creation would rate as the eighth-wealthiest nation in the entire world”. (The Inequality Nerd, Bob Lord, who practices tax law in Phoenix. Published in Inequality.org)
We should congratulate them on their luck (yes, luck), honour them and their success, then tax them on every penny of their incomes, and make all tax evasion punishable by jail time.
One hundred CEOs have as much in retirement assets as 41 percent of American families.” (Key finding from “Tale of Two Retirements,” coauthored by the Institute for Policy Studies and the Center for Effective Government)
Yes! Especially the “tax n’ jail” provision 🙂