Originally Posted by David Cotterell
"Recall that America’s 704 billionaires have increased their wealth by $1.7 trillion since the start of the pandemic in February 2020, while most Americans have struggled to make ends meet. That means the billionaires could theoretically pay for everything Joe Biden and House Democrats have proposed — from childcare to climate measures — and still be as wealthy as they were at the start of the pandemic.
Elon Musk’s pandemic gains alone could cover the cost of tuition for 5.5 million community college students and feed 29 million low-income public-school kids, while still leaving Musk richer than he was before Covid.
A billionaire tax is a no-brainer." Robert Reich
And trickle down has never worked. Ever. Anywhere. The wealth goes up and stays there. "Job-creators" indeed.
Then there are the corporations who don't pay a single dime of taxes. Their pre-tax income is the first number after their name, in Millions of dollars...
Advanced Micro Devices $1,208.00 - 0.0% Computers, office equip, software, data
Akamai Technologies $40.00 $−2.00 −4.4% Computers, office equip, software, data
Albemarle $42.00 $0.00 −0.3% Chemicals
American Electric Power $2,163.00 $−138.00 −6.4% Utilities, gas and electric
Archer Daniels Midland $438.00 $−164.00 −37.4% Food & beverages & tobacco
Ball $193.00 $−33.00 −17.1% Miscellaneous manufacturing
Booz Allen Hamilton Holding $561.00 $−3.00 −0.5% Computers, office equip, software, data
Cabot Oil & Gas $240.00 $−32.00 −13.2% Oil, gas & pipelines
Charter Communications $3,680.00 $−7.00 −0.2% Telecommunications
CMS Energy $885.00 $−35.00 −4.0% Utilities, gas and electric
Community Health Systems $323.00 $−1.00 −0.3% Health care
Consolidated Edison $1,227.00 $−2.00 −0.2% Utilities, gas and electric
Danaher $1,583.00 $−321.00 −20.3% Miscellaneous manufacturing
Dexcom $265.00 $0.00 0.0% Pharmaceuticals & medical products
Dish Network $2,532.00 $−231.00 −9.1% Telecommunications
DTE Energy $1,531.00 $−247.00 −16.1% Utilities, gas and electric
Duke Energy $826.00 $−281.00 −34.0% Utilities, gas and electric
Ecolab $95.00 $−50.00 −52.6% Chemicals
Evergy $722.00 $−27.00 −3.7% Utilities, gas and electric
FedEx $1,218.00 $−230.00 −18.9% Miscellaneous services
FirstEnergy $1,108.00 $−14.00 −1.3% Utilities, gas and electric
Fiserv $1,100.00 $−25.00 −2.3% Financial data services
Hologic $887.00 $−62.00 −7.0% Health care
Howmet Aerospace $86.00 $−2.00 −2.3% Miscellaneous manufacturing
HP $861.00 $−24.00 −2.8% Computers, office equip, software, data
Interpublic Group $284.00 $−53.00 −18.5% Miscellaneous services
Jacobs Engineering Group $213.00 $−37.00 −17.4% Engineering & construction
Kansas City Southern $327.00 $−2.00 −0.6% Transportation
Kinder Morgan $654.00 $−20.00 −3.1% Oil, gas & pipelines
Lincoln National $423.00 $−61.00 −14.4% Financial
Michaels $322.00 $−11.00 −3.5% Retail & wholesale trade
Mohawk Industries $87.00 $−34.00 −38.9% Miscellaneous manufacturing
Nike $2,873.00 $−109.00 −3.8% Miscellaneous manufacturing
Nucor $1,220.00 $−177.00 −14.5% Metals & metal products
Owens & Minor $74.00 $−4.00 −6.0% Retail & wholesale trade
Penske Automotive Group $505.00 $−78.00 −15.5% Motor vehicles and parts
PPL $878.00 $−9.00 −1.0% Utilities, gas and electric
Qurate Retail Group $687.00 $−8.00 −1.2% Internet services & retailing
Salesforce.com $2,630.00 $−12.00 −0.5% Computers, office equip, software, data
Sanmina-SCI $95.00 $−1.00 −1.0% Computers, office equip, software, data
Seaboard $136.00 $−50.00 −36.8% Food & beverages & tobacco
Sealed Air $323.00 $−14.00 −4.4% Miscellaneous manufacturing
Telephone & Data Systems $284.00 $−175.00 −61.6% Telecommunications
Textron $278.00 $−1.00 −0.4% Aerospace & defense
Treehouse Foods $8.00 $−96.00 −1,167.1% Food, beverages, tobacco
Tutor Perini $96.00 $−36.00 −37.7% Engineering & construction
Tyler Technologies $176.00 $−11.00 −6.0% Computers, office equip, software, data
UGI $420.00 $−85.00 −20.2% Utilities, gas and electric
Unum Group $923.00 $−98.00 −10.7% Financial
Verisign $447.00 $−124.00 −27.7% Computers, office equip, software, data
Voya Financial $195.00 $−9.00 −4.6% Financial
Westlake Chemical $227.00 $−208.00 −91.6% Chemicals
Williams $278.00 $−29.00 −10.4% Oil, gas & pipelines
Xcel Energy $1,465.00 $−13.00 −0.9% Utilities, gas and electric
Xilinx $140.00 $−2.00 −1.5% Computers, office equip, software, data
Total, All 55 Companies $40,482.00 $−3,497.00 −8.6%
There's no one coming after your TV set, Richard. Taxing all the above won't cost you or anyone else in the middle class a dime. But it will improve your life...
And they come after Heather's TV at their peril. Feisty one, my partner...
Dave
"Trickle down" is a liberal invention! Capitalism does distribute the money and who is this genius we could hire that would do a better job of distributing the money? Is everybody that works full time, even at minimum wage, entitled to a good house and a good car? Maybe not, certainly not if he wants to live in the better locations.