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submitted 2 years ago by AgreeableLandscape@lemmy.ml to c/latestagecapitalism@lemmygrad.ml

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[-] elbowdrop@lemmy.world 19 points 1 year ago

He made a lot of money for himself and his friends. And all it cost was the future of America. There were plenty of issues before him, but this was a huge tipping point. For those who don't understand the 70%. If I recall correctly that was the tax rate of the rich.

[+] Darc@lemmy.world -45 points 1 year ago

I don’t care who it was the tax rate for, a 70% tax rate is stupid. Takes any incentive for working beyond a certain point out which stifles innovation and is the death of a growing and cutting edge society.

[-] AngusOReily@lemmy.world 26 points 1 year ago

Yeah, what would we ever do without today's billionaires? I can't imagine a world without guys like Elon Musk spending their endless money on controlling narratives on social media instead of contributing a much larger share to social programs and infrastructure. He's always finding ways to innovatively call people pedos, and without that, we'd be much worse off as a society.