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LogDog75

(1,477 posts)
27. Giving the money to everyone won't solve many people's problems
Fri Jun 12, 2026, 08:46 PM
Jun 12

Instead, the money should be used to change the way our nations economic system runs to reduce the pay equity between the rich, the middle class, and the poor.

First of all, we need to change the tax codes to prevent the wealthy from being able to influence the government on the taxes they pay. They should have no more tax breaks than the average citizen has like individual/married, deduction, SALT deductions, child credit deduction, etc...

Second, we need to increase the taxes on those making over $500,000 raising it in graduated rates where the more you earn the more you pay in taxes. IMO, the highest tax rate should be 75% for federal taxes.

Third, CEOs are limited to 15 times the average pay of their employees. Any amount the CEO and top corporate managers make above the 15 times limit will be taxed at a higher rate.

Fourth, pass a law that saws corporations are not people but are an artificial entity and therefor do not have the same or more rights than a human being. Corporations have limited free speech rights but no rights to influence the federal, state, or local governments on the enactment of laws or taxes.

Undoubtedly, there are more things but the idea is by reforming how our economy and tax polices function from favoring the wealth to the average citizen will benefit everyone at every level. The monies collected from taxing the wealthy and corporations can be used to reinforce the social safety net that has been shredded since the Reagan administration.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Trump's tariffs and gas and general price rizes have applegrove Jun 12 #1
It's mostly our tax money anyway Blue Full Moon Jun 12 #2
This is a system that just developed through the last 1200 years bucolic_frolic Jun 12 #3
If he had more than 2 billion in liquidity, I'd be surprised. haele Jun 12 #4
Slightly Different Spin Here ProfessorGAC Jun 12 #6
"..the markets would panic..." a very few people now having the financial gravitational pull of a black hole. harumph Jun 12 #10
Like 1998. Like 2007. Like..... paleotn Jun 12 #32
But he can take out obscene and sweetheart deal loans Aviation Pro Jun 12 #18
Torch all the cash. Everyone's. All of it. OC375 Jun 12 #5
You're saying exactly what I was talking about when 911 hit. slightlv Jun 12 #20
Umm, no thanks DFW Jun 13 #42
Cash was a poor word choice on my part. OC375 Jun 13 #52
I like this particular aspect of the Space X offering. Frasier Balzov Jun 12 #7
Are the employees allowed to cash in their windfall or is it just on paper??? nt in2herbs Jun 12 #9
Rolling tranches over six months can be resold. Frasier Balzov Jun 12 #14
Interesting proposition. Too bad we can't do national level grass roots ballot initiatives. dutch777 Jun 12 #8
You can, but they are extremely cumbersome to bring to reality DFW Jun 13 #40
$100 billion??? PatSeg Jun 12 #11
To have all that money, and not distribute it to ease pain and suffering Grim Chieftain Jun 12 #12
One time in my life I worked for DoD as a contract worker slightlv Jun 12 #21
I know what you mean DFW Jun 13 #41
When governments and individuals are valued in the mega dollars . . . Aussie105 Jun 12 #13
I still think a tactic of the poor (99%) vs the rich (1%) KS Toronado Jun 12 #15
Those that invested in this IPO are the ones who are likely to lose. Bev54 Jun 12 #16
It would be a serious boost to the economy bc poor people would spend it on necessities ms liberty Jun 12 #17
Death to trillionaires. N/T Coventina Jun 12 #19
lol, I'm limping along on caretaker money for a clinic MerryBlooms Jun 12 #22
Sorry, been a really rough week MerryBlooms Jun 12 #24
Vent away! You deserve to. So do the rest of us. paleotn Jun 12 #29
It's not liquid. QueerDuck Jun 12 #23
I'm sure that Musk pays a high tax rate on that $54K annual salary that he collects at SpaceX. OGBuzz Jun 12 #25
Their GDP is real. His is paper. A figment of imaginations he can't tap without crashing it. Big difference. paleotn Jun 12 #28
Tesla trades 45-60 million shares daily. He can tap as much as he needs without crashing anything. There will be similar OGBuzz Jun 12 #31
45 to 60 million in relatively small blocks. That's not the same thing. paleotn Jun 12 #33
I'm pretty sure Elon has dozens, if not hundreds of brokers on the payroll. He doesn't have to go large on one trade. OGBuzz Jun 12 #37
Irrelevant. The increase in daily activity will raise questions. paleotn Jun 13 #39
Daily trade volumes range from 45 million to 60 million. Those are some swings indeed and nobody is OGBuzz Jun 13 #43
Straw man much? paleotn Jun 13 #44
As stated above, it's not real. paleotn Jun 12 #26
Giving the money to everyone won't solve many people's problems LogDog75 Jun 12 #27
"Corporations are people, my friend" (M.Romney) Seinan Sensei Jun 12 #35
Good ideas, LogDog75! calimary Jun 13 #53
I think we kind of saw this already JBTaurus83 Jun 12 #30
Maybe then we could afford a Universal Healthcare program. Emile Jun 12 #34
It's always funny when people say this... WarGamer Jun 12 #36
Yep Manatee Jun 13 #45
That's insulting, to read you think 98% of Americans are idiots questionseverything Jun 13 #47
then you live around the smart 2%'ers WarGamer Jun 13 #48
Your 2% assertion is a lie, you are wrong and you obviously know nothing about poor and working class Americans questionseverything Jun 13 #49
lol... ok WarGamer Jun 13 #54
This is correct Easterncedar Jun 13 #57
On the contrary Easterncedar Jun 13 #51
This isn't guaranteed income, it's a single $3000 injection. WarGamer Jun 13 #55
All hypothetical here, right? Easterncedar Jun 13 #56
But the OP says give 300M people $3000 each... WarGamer Jun 15 #58
Your interlocutor is a conservative Republican. BannonsLiver Jun 19 #59
And not only is Elon a trillionaire, it seems like it isn't enough for him. Initech Jun 13 #38
spellcheck does work dweller Jun 13 #46
The good side of it all is that he will die someday, and all the money in the world will not prevent it. NNadir Jun 13 #50
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