The average billionaire in America pays 8% in federal taxes. Teachers and firefighters pay more than that. That’s why I proposed a minimum tax for billionaires. Republicans are against it, but I’m going to keep fighting for it. — Joe Biden (@JoeBiden) June 26, 2023 Reading Joe Biden’s Twitter is exquisitely painful, like a sore tooth that you can’t stop pushing on with your tongue. How do these things even go together? Americans are not taxed on their net worth, they’re taxed on their income. At least that’s what I think he’s talking about. Income tax. Although there are a lot of other federal taxes: self-employment tax, gift tax, excise taxes, etc. Is he talking about taxing people’s net worth? I don’t know. I can’t figure it out. I’m not a billionaire myself because I don’t know how to make that happen. If someone has figured out how to do… Read more →
EppsNet Archive: Billionaires
Musk vs. Markey: A Battle of Wits With an Unarmed Man
.@elonmusk could respond to my tweets but failed to respond to my letter by yesterday’s deadline and answer basic questions about Twitter verification. Congress must end the era of failed Big Tech self-regulation and pass laws that put user safety over the whims of billionaires. https://t.co/BEn6n9EitW — Ed Markey (@SenMarkey) November 26, 2022 Pardon me for stating the obvious but Senator Ed and a lot of other pissy little congresspeople were fine with Big Tech’s self-regulation when that meant censoring people and ideas that they didn’t like. They’re also fine with the whims of billionaires like Zuckerberg, Soros, (former billionaire) SBF and so on when those whims include making massive donations to Democratic candidates and causes. A quick Web search on Ed Markey reveals that he went to law school, went into politics, has apparently never done a productive day’s work in his life, but he wants to tell the… Read more →