Every Man's Billionaire spilt the goods on the Class War
"There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning."
He's the respected and celebrated every man's billionaire full of wisdom and boundless optimism, a living legend delighting generation after generation with the shrewdness of his financial prowess, the wisdom of his words and the generosity of his spirit... He is also a traitor to his class because he routinely tells it like it is to those of us on the other side of the walled garden of wealth including:
- the good: He gives pearls of investing wisdom away to anyone who'll listen.
- the bad: He advises against investing in companies that have unionized labor. Boo!
- the ugly: He casually tells us he & his peers are waging (and winning!) a class war against us!
Warren's loose lips probably drive folk in his class nuts, but if there was anything he's ever said that they'd just as soon he "shut the f*** up about" it would have been the uncharacteristically dark quote above.
WHY? Because they know that as per usual... HE'S TELLING THE TRUTH!
Warren doesn't talk about or invest in things he doesn't understand and he certainly didn't shy away from the topic of class warfare.
When he describes what making war means, he talks about tax rates on the wealthy decreasing compared to the rest of us and its impact on the wealth of folk in his class, the country's debt and societal inequality (spoiler alert: they all go up!).
The two known outcomes of these tax cuts are
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that of the 34 Trillion in National Debt the USA has accrued about at least 10 Trillion of it is due to the tax cuts
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they have massively increasing the wealth of the top earners in our society relative to everybody else 206% to 29% resulting in trillions of dollars of wealth acuumulation for our top earners compared to everyone else.
The tax breaks we got were extended to us but where a priority of the wealthy and we loved getting those tax cut rebate checks. But you did a lot better than a couple $600 checks if you were already making big money in the stock market or as an officer with a large salary at a fortune 500 company. Your rebate was in the tens of thousands of dollars and the top 1% received back over 50K a year.
While the tax break rebate checks were helpful in a number of small but real ways, they were never going to pay for big ticket items like an emergency healthcare episode (a week of that would could cost north of 10 years worth of rebate checks) or college for you or your children (ONE semester would cost as much or more than ten years of rebate checks).
However those taxes left in and applied exclusively to healthcare would have fixed health care for ALL Americans.
Those taxes left in and applied exclusively to education would have afforded EVERY American trade school or 2 - 4 years of College for free.
These are major expenses that shackle the middle class and hold back young folk and couples as they're getting started on life's journey.
note: these taxes would need to be targeted to specific programs like Education/Healthcare etc…. otherwise getting our tax dollars applied to what We ("the People") vs. what corporate america controlled politicians decide is a legitimate criticism against raising taxes.