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 ...
“He’s a businessman. Virtue signaling is much cheaper,”
Meanwhile, he is paying CPA’s a bunch of money to lessen his tax bill
In other words, the rich and corps will pass along the added cost to their customers. No thanks!
Dear Jeenyisys,
You do not multiply wealth by dividing it.
the median incomes in our country haven’t budged in nearly 40 years. https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective
This charts says you are a liar. Median incomes in the 6 income levels measured have increased 4-7% year to year for the last 40 years.
All mouth, no action LIEberals. Lead by example schmucks. Go ahead and give 50% of your own income voluntarily. Get Zuckyberg to go along with it too. HypocRats.
Why tax the rich when the rich can voluntarily give away any amount of money they wish? I say put your money where your mouth is. Put up or shut up.
That’s perfect!
News Flash!! There is no such thing as equal outcome. People are not “equal”. Some have more gifts from God in some areas, others gifts are that are different. No one is “equal” and outcomes will never be equal.
The best that can be provided on this earth is an equal opportunity to use your freedom, make your choices, and live with the consequences, good or bad.
Stealing my hard work when I have sacrificed and made good choices throughout my life is just envy and jealously. Everyone in the US had / has the opportunity to make good choices. Those who make bad choices need to live with the outcome of their own creation and stop coveting.
NOTHING is stopping you from doing that voluntarily chrissy. If you really cared you would just go ahead and give all your take home to the feds to help pay down the debt. Or hold back that $500/mth to hand out as you like. Fidiots!
Well, gee, Chris! Why don’t you just send in 50% of your money! Walk the walk sh*thead!
What’s stopping this fool from giving half his wealth away?
He wants a society that reads more and more and more Facebook. And occasionally shops. More income for him even at a ghastly tax rate.
Why don’t they just make it voluntary to give these bleeding heart liberals an opportunity to donate whatever portion of their salaries they want to their causes?
Being generous with other people’s money / their vote is just how the **** stains on the far Left roll.
Fate is not a total factor of one’s own choices — that is the rightist oversimplification of the spectrum where leftists attribute everything to chance. Did the widow choose to be widowed, or the orphan to be orphaned?
Another leftist economic genius... because the government stepping in and taking money from the rich and giving it to the poor has been shown such a great economic strategy that it has lifted people out of poverty everywhere!!! The only reason that this hasn’t worked any where or any time it has been tried in the past is because they didn’t do it right.
“Did the widow choose to be widowed, or the orphan to be orphaned?”
What does that have to do with anything? The measure of a person is how they live their lives not because of, but in spite of their circumstances.
Improvise.
Adapt.
Overcome.
L
Dude... if you want to take half your income and print out $500 checks to give away to non-productive people, be my guest. You don’t need any law to force you to give away half your income. Just don’t expect the rest of us to go along with your personal choice to subsidize poverty.
Tax what?
They don’t have “income” the way working stiffs do.
They have WEALTH.
There is a VAST difference!
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