EIon Musk’s Wealth2009: $.6B2026: $984B

[spectralmoose@mastodon.social]

@QasimRashid the questions is how are they making that amount of money?

[spectralmoose@mastodon.social]

@QasimRashid Whenthe give want thier taxes, they have the ability to run away.

[earthclimate@mastodon.social]

@QasimRashid and our climate.

[hiphopheaven@mastodon.social]

@QasimRashid startup should stop setting their companies to monopolies

[it_duke@muenster.im]

@QasimRashid

Wait for the next crash when Elmo, Jeff, Mark and the other overrich guys tell you that they have lost so much money and need the state to step in to recover from crash.

Greetings from 2000, 2008 and 2021

[ghostonthehalfshell@masto.ai]

@QasimRashid

Un Bork the Sherman act

Smash all corporations

[molotovbeaver@mastodon.social]

@QasimRashid Can't you see how much our glorious billionaires suffer from inflation, compared to us plebeians ?

[samiamsam@mastodon.social]

@QasimRashid

*guillotine gif*

[deadsquirrelsix@mastodon.social]

@QasimRashid Can you please provide a source for "worker" and "billionaire" tax rates?

[benroyce@mastodon.social]

@DeadSquirrelSix @QasimRashid

qasim is just making a point

it's social media, not a doctoral dissertation

if you have questions or doubts, you are free to use a search engine

[cismonx@mastodon.social]

@QasimRashid

In China, most workers are taxed little, if any at all.

For example, in the city where I live, worker's avg income is ~8.5k CNY/mo, and the income tax rate is:

<5k (CNY/mo): 0%
5k-8k: 3%
8k-17k: 10%
...
>85k: 45%

Let's say that you earn 8k CNY/mo (a decent amount, unless you work in tech), you're taxed (5k * 0% + (8k - 5k) * 3%) == 90, only ~1% of total income.

Don't know much about billionaires, but other sources of income (e.g. stock) are usually taxed way more than wages.