Stories
Slash Boxes
Comments

SoylentNews is people

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
For Dell's Billionaire CEO, Taxing the Ultra-Rich is a Joke | Log In/Create an Account | Top | 62 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1) by khallow on Saturday February 16 2019, @12:29AM (2 children)

    by khallow (3766) Subscriber Badge on Saturday February 16 2019, @12:29AM (#801862) Journal

    That's fine. Haven't you heard? The 1% own 50% of wealth and growing. I believe it was that lower 50% own 0 or less.

    My sarcasm detector is tripping on that. Perhaps, you think something is not fine about that situation? Even though more than that lower 50% aren't even trying to own wealth?

  • (Score: 0) by Anonymous Coward on Saturday February 16 2019, @10:56PM (1 child)

    by Anonymous Coward on Saturday February 16 2019, @10:56PM (#802223)

    Now you've tripped my sarcasm detector. You honestly don't see any problem with 1% of the population owning 50% of the wealth? Let me guess: you imagine yourself a temporarily embarrassed millionaire?

    • (Score: 1) by khallow on Sunday February 17 2019, @12:24AM

      by khallow (3766) Subscriber Badge on Sunday February 17 2019, @12:24AM (#802262) Journal

      You honestly don't see any problem with 1% of the population owning 50% of the wealth?

      Nope, particularly since it's not 50% of the wealth. It's maybe 50% of assets and ambiguous securities/derivatives.