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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: 0) by Anonymous Coward on Friday February 15 2019, @07:37PM

    by Anonymous Coward on Friday February 15 2019, @07:37PM (#801737)

    For the sociopathic ones, they see this as a God-given right to manipulate and exploit. "Sheep were made to be shaved".

    Sums up the feeling of many of the ultra-rich. You have you exemptions there like Buffet, but most believe they are superior to the plebs and anything goes to try to prevent taxation.