this post was submitted on 28 Jan 2026
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T he richest man on earth is the slave of the bottom 10% (feddit.org)
submitted 4 months ago* (last edited 4 months ago) by genfood@feddit.org to c/whitepeopletwitter@sh.itjust.works
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https://x.com/elonmusk/status/2011325253549769039

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https://xcancel.com/elonmusk/status/2011325253549769039

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[–] angband@lemmy.world 97 points 4 months ago (3 children)

Just remember that we could all have our social security if the top 1% paid a fractionof the taxes they used to.

[–] CobblerScholar@lemmy.world 41 points 4 months ago

Social security, Healthcare, maternal leave, paid vacations,cross country high speed rail etc etc etc

[–] hector@lemmy.today 18 points 4 months ago

Remember if they hadn't understated the inflation rate several times since the 70s social security checks would be enough to retire comfortably on, as jobs used to be enough to live comfortably on. Well over double by the old unimproved formula, that averaged 5-8 percent just by 2008, while the new formula returned 2-3%.

[–] damnedfurry@lemmy.world 4 points 4 months ago* (last edited 4 months ago) (1 children)

if the top 1% paid a fractionof the taxes they used to.

Could you give an example of a year in which the top 1% paid enough taxes to satisfy this condition?

[–] angband@lemmy.world 7 points 4 months ago* (last edited 4 months ago)

To support around a 1% shortfall in fica, fica is about .5% of all income (feel free to fact check, I guessed a bit), 1950 fits the bill for their actual paid percentage of 41% vs their statutory 89%.

Edit: it'd be interesting to know how much of a fica shortfall 4% taxes on the 1% would cover. Somewhere in the range of 50-150% is my guess. Seems more than the projected shortfalls. Now, if they got taxed at 91% for real, noone else would have to pay income tax, and they could raise fica on the rest of us without objection.