waveflyer
Well-known member
- Joined
- Jan 9, 2005
- Posts
- 10,005
TyWebb- impressive responses- was going to reply, but most would be redundant
While you guys argue the definitions of income classes- remember as the extremely rich gain more- as the gap between ridiculously wealthy and everyone else grows- the percentages are skewed.
To me, there comes a point- and it is not subjective- somewhere around $10M annually, where your compensation becomes more about your ability to attain money, and stacking leverage and regulation to keep money, than it is about your ability to earn it. We are airline pilots- I know what I have done, how hard I've worked, and how hard I continue to work- when someone makes twice as much in a year as I will make in a career, the problem is leverage, more than work ethic. It is not about punishing success- it's about understanding that once a certain amount of wealth is attained- that class has no need of success for generations- their money will be locked away- not circulated- and at best, taxed at 15%-
I do not begrudge anyone's success - but we have to keep money circulating- and it just isn't as the super wealthy hoard and buy/lobby leverage to keep instead of use their money to build and keep a nation strong
While you guys argue the definitions of income classes- remember as the extremely rich gain more- as the gap between ridiculously wealthy and everyone else grows- the percentages are skewed.
To me, there comes a point- and it is not subjective- somewhere around $10M annually, where your compensation becomes more about your ability to attain money, and stacking leverage and regulation to keep money, than it is about your ability to earn it. We are airline pilots- I know what I have done, how hard I've worked, and how hard I continue to work- when someone makes twice as much in a year as I will make in a career, the problem is leverage, more than work ethic. It is not about punishing success- it's about understanding that once a certain amount of wealth is attained- that class has no need of success for generations- their money will be locked away- not circulated- and at best, taxed at 15%-
I do not begrudge anyone's success - but we have to keep money circulating- and it just isn't as the super wealthy hoard and buy/lobby leverage to keep instead of use their money to build and keep a nation strong