Elon musk paid 11 billion dollars in taxes in 2022 . Most by any individual in history .
Printing money makes your wages worth less literally . 1 dollar = .72 cents in 36 months .
Discussion
LOL 😂
Even if that was true (it's not), it says nothing about how much he paid other years, or how much, overall, he pays as a % of his income. Nor does that number include the $$$ billions he gets in gov't subsidies.
Further he is ONE billionaire. There are tons of others who pay between 0% and 5%, or roughly 92% less than ordinary folks pay.
It is a well-established fact that the rich don't pay taxes. They pay tax advisors a few hundred thousand and those advisors move money around and avoid hundreds of millions in tax bills.
Your understanding of inflation is infantile 😀 but if you don't like the gov't printing money go to a country where it doesn't happen... oh, wait... there is no such country 😀
Yes cap gains about 50% less then personal income , and most wealthy people make there $ from cap gains . N yes the US dollar is by far the best currency . Hey you said young people get low ages and by all polls inflation is the # 1 concern in the USA .
I do love spending time in a lot of country’s , been to about 15 love them all . Except Brazil which is beautiful , but rio in particular is a shit hole
Just because people are afraid of it, doesn't mean it's real.
and just because inflation is real, doesn't mean you understand it at all.
why on earth would you think inflation is at 9% annually? 😀
It’s @ 3.6%. CPI right now , 2022 was 9% . 1980-2021 was about 1.8-2.3 %
( cpi very rigged and they delete weights constantly like they just did with coffee for the first time )
so your claim of 28% loss of value in 3 years was a stupid fucking lie.
cool.
No , it’s correct . 9% then 5 then 4 compounding does that .
Also the dollar is down 99% in 100 years .
You don't know how math works 😀
Also eggs up more than that many other grocery items , also housing up 32% since 2020 . Energy also up 40% since 2020 nat gas and oil ( gasoline )
anyone with a basic understanding of economics clearly sees you making a fool of yourself here.
for you own sake. stop it 😀