Posted on 07/06/2018 6:59:02 AM PDT by EdnaMode
Facebook co-founder Chris Hughes thinks the government should give cash handouts to people with the lowest incomes in order to fight income inequality. And he thinks the money should come from higher taxes on wealthy individuals and even big tech companies, like Facebook.
Hughes, 34, was one of Facebook’s co-founders, along with Mark Zuckerberg and three of their Harvard classmates, in 2004. He was Facebook’s spokesperson for the company’s first three years, before leaving to finish his Harvard degree and then to work on Barack Obama’s 2008 presidential campaign as a media strategist.
He says he's made "half a billion dollars for three years of work" based on the value of his initial stock in Facebook, and his "lucky break" is exactly what's wrong with America today.
“That is indicative of a fundamental unfairness in our economy. Income inequality in our country has not been this bad since the Great Depression. And even though we’re reading the headlines that unemployment is at 3.9 percent and the stock market is at record highs, what’s actually happening is that the median incomes in our country haven’t budged in nearly 40 years. At the same time stories like mine create an illusion of economic opportunity," he told Techcrunch contributors Adriana Stan and Tom Goodwin on their "Interesting People in Interesting Times" podcast.
(Excerpt) Read more at cnbc.com ...
So, more welfare is his proposal.
I think the Co-Founder has just re-invented Communism.
He should set a good example, and do so himself. Why wait for a new law? He can do it today.
The rich will invest in pot farms and malt liquor companies, and will have all their money back within a couple of years.
Income inequality is actual proof of real, actual general inequality.
The fact is inequality is a fact of life that can not be rendered inexistant. People are in fact not equal. Although there are many reasons for the inequality, laziness and lack of intellligence are the reasons.
Gibsmedat
Because it has been proven over and over again:
IT DOESN’T WORK!!!!!!!!!!!!!!!!!!!!!!!
He may be a technological genius, but he is a historical and economic moron!!!
Feel free to write a check.
Do it, and very soon 50% will not be “enough.” It is NEVER enough with the left.
That’s what I was thinking, too. Nothing to prevent him from giving away all of his money. (I won’t hold my breath waiting.)
Don’t confuse luck with Wisdom.
Don’t confuse theft by taxation with charity.
He should just give all of his money to me.
I guarantee he’ll feel better.
Much more importantly, I’ll feel better, because cruising on a yacht with supermodels will be a remarkable tonic.
The twit did NOTHING to achieve his wealth, knows it and thinks that’s how all rich people got their money so they should all give it away.
Of course he hasn’t yet..
Why not just tax Facebook at 100%.
He’s a businessman. Virtue signaling is much cheaper, but still keeps the rabble away from his gates. And keeps him in good graces with people of his status.
Tax rich Progressives at 90% of income and 99% of wealth. Let them start over each year with almost nothing.
Seizing the wealth of capitalists to improve the consumption of the masses is a policy of capital decumulation, which must destroy the foundation of the productivity of labor, and thus real wages.
$500 is already not enough free government money. You can’t raise a family of 4 on $500 a month
The problem is that so many millions people dissent from Marxism. Then these “dissidents” as we call them have to be killed or placed in labor camps which smells up the whole Marxist country. Then there’s the lines for food, lack of technology, heavy drinking, etc.
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