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SmallSpoonBrigade
Robert Reich
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Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "Is Dynastic Wealth Destroying Democracy? | The Coffee Klatch with Robert Reich" video.
Given enough time, it doesn't take that much to become a millionaire. One of the big issues is that our economy depends on irresponsible spending by ordinary people. But, even $75 a month, which is less than a new car payment into a mixture of index funds would get a person to a million by retirement age if they started out at age 20 or so and continued it for roughly 50 years.
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@JebusHypocristosX IIRC, 93% is the heighest the top income tax bracket ever was, and losing that made a massive difference. We also shouldn't permit private money in public elections.
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It's not capitalism, it;s the deregulated abomination that we've got that's an issue It would still be a capitalist society if there were a near 100% tax on income of any sort beyond a given point, and a UBI at the bottom to ensure that everybody has at least a roof over their heads, clothes on their backs and food in their mouth, and not much more.
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The Democrats aren't that much better. They are better, but not by what I would consider an acceptable margin.
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