The maligned billionaire

The fact that people use the word billionaire as a dog whistle is sickening. These are the people who are investing in products and services we care about and ensuring their widespread distribution.

They seem to think they don’t pay their fair share, yet the top 1 percent pay 45 percent of the federal income tax alone and you can imagine how many other taxes they pay. California gives 10 to 1 in what they receive back from the federal government because so many billionaires that pay taxes live there!

The weirdest thing is that billionaires may be the result of losing the gold standard and socialist inflationary policy which leads to the wealth inequalities they whine about, ignoring the amount of wealth Americans have in terms of ownership compared to other people. Inequality does not equal poverty and owned goods is an important measure of wealth.

submitted by /u/Metrolinkvania
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