Thursday, May 2, 2013

Tax the rich until the cows come home

Fairfield Pond estate in the Hamptons is worth $220 million.
One bathtub alone cost $150,000.
If there is any hesitation to raise taxes on the richest in America, there shouldn't be after reading this story.

It shows that the ratio of CEO-to-worker pay has increased 1,000 percent since 1950.

In 2000, the ratio was 120 to 1. Today, the Fortune 500 CEOs make 204 times what their workers make.

Or, read this piece on why Apple went $17 billion in debt to buy back shares even though it has $145 billion in cash.

Spoiler alert: The tech giant wanted to avoid paying $9 billion in taxes to a country that enforces Apple's copyrights and secures the skies and waterways for it to ship its iPhones around the world.

Or, check out this story about how the $100 million mansion hardly raises eyebrows these days.

And, in case you missed it, here's link to the Vanity Fair piece on One Hyde Park, a tax haven in London, where an apartment can cost $40 million.

Obviously, some people have way too much money.

Years ago, there were revolutions, complete with guillotines, against entrenched wealthy monarchies.

It's clear that we are nearing the time of revolution against entrenched wealthy corporations.

Instead of guillotines, how about something more humane like waterboarding.

Too much money is held by too few people.

This country is in serious debt because the rich and cash-bloated corporations refuse to pay their fair share to a land that ensures their freedom to live beyond the beyond.

Some wealthy folks aren't aware of the modern proverb: Live simply so that others may simply live.

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