1/ The reason extreme income inequality is so viscerally repulsive to me is because I’m old enough to remember the time - before 1980 - when it wasn’t this way. It all started with the Reagan tax cuts and Reaganomics in 1980.
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2/ Example: Walmart corporation made $16.4B in profits in 2011 yet pays its employees minimum wage. The family has $100B, more than bottom 40% of all Americans. Unjust economic policies made this possible, and no one no one no one should be okay with it. #TaxTheRich

Jan 3, 2021 · 8:24 PM UTC

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Replying to @marwilliamson
If you’re really concerned about wealth inequality, I suggest you look into the private equity investments & firms with whom public ee pension funds partner. Public $ has created dozens of billionaires & destroyed businesses/jobs for average Americans in the process.
Replying to @marwilliamson
You’re looking in the wrong places. CALPERS is the largest public ee pension fund in the US. It has increased its allocation to private equity, increasing wealth transfers to billionaires in pursuit of greater returns. Leaving leveraged/destroyed businesses & unemployed in wake.
Replying to @marwilliamson
This is economically incorrect. This assumes economic growth and wealth creation is a zero sum game. It’s not.
Replying to @marwilliamson
How badly does @JoeBiden want to unite the people? #TaxTheRich
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Replying to @marwilliamson
I recently spoke with NY Assemblyman @rontkim about #TaxTheRich movement. youtube.com/ne6eY3R7lm0

Unmasking of America: Ron Kim on Taxing the Rich in New York

For this edition of Unmasking of America, Craig Gordon speaks with NYS Assemblyman Ron Kim, representing Flushing, Queens, about initiatives to tax the rich ...

youtube.com
Replying to @marwilliamson
The last time the tax rate on the rich was this low, was right before the great depression. History constantly predicts future tragedy.
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Replying to @marwilliamson
It’s much more complicated then “tax the rich”. We need to keep corporations and factories here in America. We need to honor Jesus and evangelize our nation under God. Churches and charities through donations have historically taken care of the poor.
Replying to @marwilliamson
lets turn this into a math text book question. walton family has 100B dollar. walmart has 2M employees. a random philantrop (lets call him Robyn Hutt) "convinces" the walton family to distribute their wealth evenly among all employees. how much does each employee get? (A: 50000$)
Replying to @marwilliamson
Unjust economic policies lead to poverty, violence, illness, etc.
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Replying to @marwilliamson
#TaxTheRich
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