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For Dell's Billionaire CEO, Taxing the Ultra-Rich is a Joke

posted by takyon on Friday February 15 2019, @04:59PM   Printer-friendly
from the marginal-opinion dept.

Arthur T Knackerbracket has found the following story:

At the recent World Economic Forum in Davos, Switzerland, a panel moderator asked Michael Dell, America's 17th-richest man, what he thought about the idea of raising the top marginal tax rate to 70 percent.

This idea has been in the headlines since Rep. Alexandria Ocasio-Cortez floated it in a 60 Minutes interview on January 6 as a way to pay for a Green New Deal.

The Davos panel found the question hilarious. When the laughing died down, Dell, the founder and CEO of Dell Technologies, dismissed the idea out of hand, claiming it would harm U.S. economic growth.

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  • (Score: 5, Informative) by Anonymous Coward on Friday February 15 2019, @05:42PM (1 child)

    by Anonymous Coward on Friday February 15 2019, @05:42PM (#801677)

    AOC suggesting 70% isn't unreasonable.

    Warren Buffet agrees, and claims he pays less tax than his secretary.

    "In 1981, Reagan significantly reduced the maximum tax rate, which affected the highest income earners, and lowered the top marginal tax rate from 70% to 50%; in 1986 he further reduced the rate to 28%."

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  • (Score: 5, Informative) by Thexalon on Friday February 15 2019, @06:14PM

    by Thexalon (636) on Friday February 15 2019, @06:14PM (#801693)

    Taxes on the rich were even higher when that well-known rampaging socialist Dwight Eisenhower was in charge.

    The position of people like Michael Dell is very simple: The rich should pay no taxes, ever, under any circumstances. And unlike the rest of us mere plebs, they can get your congressman or senator or favorite presidential candidate on the phone by dangling a very large check in front of their nose.

    --
    The only thing that stops a bad guy with a compiler is a good guy with a compiler.