"Here's what that means in practice:

When I get my salary, taxes come out immediately. When a billionaire's stock portfolio increases in value by millions, they don't pay taxes on that growth until (or unless) they sell those stocks.

Here's how it works:

Billionaires borrow money against their stock holdings (which isn't taxed), live off those loans and then pass their assets to heirs largely tax-free when they die. Meanwhile, regular people like me can't defer taxes on our paychecks or borrow against our retirement accounts without major penalties.

The AI used ProPublica data to illustrate this:

"The top 25 billionaires saw their wealth grow by $401 billion from 2014-2018, but paid just $13.6 billion in federal income taxes " an effective rate of 3.4% on wealth growth."

That 3.4% figure is what really stung. While they're paying their legal tax obligations on realized income, their actual wealth is growing at a rate that's taxed far below what middle-class workers pay on their salaries."

;;
"ChatGPT ran the numbers on what would happen if billionaires paid taxes at the same rate middle-class families do " around 15%-22%.

Using the ProPublica data, if those top 25 billionaires had been taxed at a 20% rate on their wealth growth, they would have paid around $80 billion instead of $13.6 billion.

"Extrapolate that across approximately 1,000 billionaires?" the AI asked. "You're talking hundreds of billions in added revenue annually."

''
"Middle-class families can't defer taxes on wages or borrow against stocks tax-free," ChatGPT pointed out.

This creates a fundamental unfairness where people who work for their money get taxed immediately, while people whose money grows through investments can delay or even avoid those taxes entirely."

And people worry about rigged elections... this is Elitists rigging their own investments to win.

"How the Elite rigged Society (and why it's falling apart) | David Brooks"

Billionaires spent pennies on the dollar to pay politicians to write the laws that allow them these tax breaks.

Which is why Public Financing of Elections (financed by the media and other corporations if they would like to keep their licenses) is of paramount importance to make the playing field just a bit more level.

- how economics works.

Bribing public officials to write preferred legislation used to be against the law... now it's not thanks mostly to Republicans.

- you know the answer

Yeah, Republicans made CU the Law and money = Speech. Now all politicians are on the dole; if they want to stay in Office, they need billionaire donations to compete.

- "Billionaires don't pay taxes!" Dorky

When making --- up is all you have.

I don't hear any real argument that the AI analysis in incorrect... merely whining about how Dems could have changed it (they could not have) and no admission of the FACT that we have this inequitable taxation because of Republicans in Congress and the SC being bought and paid for enough to finally make this Bribery legal.

And, of course, the analysis does undermine most of the usual suspect's usual talking points.

#23

No, 1Slut, you didn't read the article I posted here on AI psychosis days before you made yourself appear ignorant yet again by referencing the same article. Which seems to be a daily routine for you now.

And which subject has nada to do with this article on basic verifiable facts.

You are still just the 5 year old running around the Zoo with a stick rattling the cages... because that's all you know how to do.

You are nearly perfectly substance-free.

- the american dream will die.

That's definitely the Plan: