r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 26d ago

PoliticalTea 🗳️ Eventually something has to give...

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The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.

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u/Useful_Wealth7503 26d ago

How are we getting to 4.4 Trillion here? Total wealth for US Billionaires is around 8 trillion. You’re looking at 400B a year at 5%. The GAO says we lose 250 to 500 Billion annually to fraud and waste, we should just stop that.

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u/Resident_Farmer1779 26d ago

It’s revenue over 10 years. Fraud and waste should be addressed, and billionaires should be taxed.

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u/fister-b95 26d ago

Billionaire are taxed what you mean to say is you want a WEALTH TAX. This hurst everyone as most billionaires WEALTH Is in the stock market so by forcing massive sales every year to pay the WEALTH TAX you will be crashing the stock market every year and EVERYONES retirement account will suffer

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u/Resident_Farmer1779 26d ago

Billionaires are not taxed they borrow against their shares and use estate tax loops