Thoughtson Biden's speech/plan?

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(05-02-2021, 02:45 PM)Dill Wrote: Also, I want to know why I won't benefit from the greatest transfer of wealth in history, which will involve taking tax money from U.S. citizens (especially the super rich) and using it to build roads and infrastructure and spur adaption to clean energy, also caregiving for the elderly (like myself) and much more. 

CNBC did a check last week.  How long does one appear on a millionaires list?  The results were surprising to me.  After 10 years, only 9 percent of those that appeared on it, were still on it.  That's right.  91 percent of people 10 years later on a millionaire list are new people, not the same people.  Basically you are transferring wealth out of a short term success people had.  Is it a fair share that someone in NY who makes a million dollars can be taxed between 55 and 60 percent on it.  I only ask the question.  It's not a perpetual rich person we're dealing with.

There is also an argument that corporations are cheating on taxes.  Many of these corporations get tax credits, that well, congress people approved.  I mention this because you mention clean energy.  These companies have done exactly what the tax code encouraged them to do.  Changed their energy usage, at a cost, which is approved as a write off.  Now somehow, corporations are being blamed for doing exactly what the tax laws, and the people who made them, encouraged them to do.  I watched Elizabeth Warren asked this question last week, to which she basically ran away from.   How can you blame companies as a congress person, when companies are operating in a system that same said congress people created?