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Posted on 05/12/2025 12:20:52 PM PDT by Pol-92064
On 60 minutes, Rep. Alexandria Ocasio-Cortez recently said "people are going to have to start paying their fair share in taxes."
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Start with her and all her comrades in the millionaire-congress club.
Someone should keep asking over and over for a number that represents what one’s fair share is.
“I’m refusing to continue this interview until you answer the question. How much is my fair share?”
There is reason to question hiding income in tax exempt “charitable” foundations used for profit-making political purposes.
“Since this is an era when many people are concerned about ‘fairness’ and ‘social justice,’ what is your ‘fair share’ of what someone else has worked for?”
Thomas Sowell
AOC, your Deep State masters make King George III and his Parliament look like pikers....
I always ask people who make this lame argument “How much of your income should belong to me?”
When people started memes about the networth of people in Congress, I decided to check it. It turns out they only have to kinda sorta disclose what they have. Nancy Pelosi, no idea rally. Her husband isn’t included.She might be worth $200M and she might not.
https://www.opensecrets.org/members-of-congress/nancy-pelosi/other-data?cid=N00007360&cycle=2024
She didn’t earn that, did she...
Myth. I remember when Bill Clinton was running the first Hillary called it a contribution.
Net Worth -$12,825,949 to $242,150,991
Agreed. But don't make the mistake of other conservatives and use the word "millionaire" like it's a bad word.
For example, if someone's net worth rises from flat broke to a millionaire in 30 years, that's not a sign of fraud or grift. Using today's money, with a Congressman making $174K/year, if he lived off $136K and invested the rest ($36K/year, or $3K per month) into simple mutual funds making 10% return, he'd have a million in the 13th year. Increase that if he's married to a spouse with income and they can invest more than that monthly. That kind of aggressive investing is wise to do if your income isn't a steady job (i.e. not sure if you'll get re-elected). So a conservative saying "So-and-so became a millionaire while in Congress" doesn't get my attention.
However, it is very much worth investigating if a Congressman goes from flat broke to having a $200 million net worth. It'd be hard to get that kind of wealth in a couple of decades without grift, even with a $174K/year salary.
Even the young new Dems peddle the old cliches.
Every once in a while they will be asked, “What IS a fair share?”
They always avoid the answer.
It’s funny that they point out Billionaires like Elon don’t pay taxes.
The guy paid almost $11B in taxes for TY 2021. It is estimated his tax bill for 2024 was double that. How much more do they want from him?
These fools don’t seem to understand the difference between net worth and income. They are very different things.
"All of it boy."
It’s very disconcerting that too many in Congress believe that the wealthiest citizens have enough money to cover the government’s costs - not connecting the fact that should their wealth be “redirected” like that they and/or their money would easily find homes away from government’s reach...hence a one-shot grab that’s no solution at all while killing the Golden Goose.
Then again it’s been estimated that the deficit/debt is so steep that everyone’s wealth accumulated would cover it for merely a month or so.
If I’m wrong please enlighten me.
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