Facebook Co-Founder: Tax the rich at 50% to give $500-a-month free cash and fix income inequality

CNBC ^ | July 5, 2018 | Tom Huddleston Jr.

[EdnaMode]

How about tax rich hypocritical leftists 90% instead.

[Army Air Corps]

So, more welfare is his proposal.

[Hang'emAll]

I think the Co-Founder has just re-invented Communism.

[rightwingcrazy]

He should set a good example, and do so himself. Why wait for a new law? He can do it today.

[Buckeye McFrog]

The rich will invest in pot farms and malt liquor companies, and will have all their money back within a couple of years.

[bert]

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.

[onedoug]

Gibsmedat

[RatRipper]

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!!!

[NorthMountain]

Feel free to write a check.

[fwdude]

Do it, and very soon 50% will not be “enough.” It is NEVER enough with the left.

[HartleyMBaldwin]

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.)

[G Larry]

Don’t confuse luck with Wisdom.

Don’t confuse theft by taxation with charity.

[Architect of Avalon]

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.

[Skywise]

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..

[DoughtyOne]

Why not just tax Facebook at 100%.

[rightwingcrazy]

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.

[Bryanw92]

Tax rich Progressives at 90% of income and 99% of wealth. Let them start over each year with almost nothing.

[mjp]

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.

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.

[AppyPappy]

$500 is already not enough free government money. You can’t raise a family of 4 on $500 a month

[\/\/ayne]

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.