The mega-billionaire's promise to spend somewhere between $100 and $120 million on congressional races this year shouldn’t be viewed as a problem. It should be recognized as an opportunity.
That would take a 100 years to earn if you earn 1
millon a year - and pay no tax… I doubt many here are on that kind of money. Scarier still, this is most likely less than his passive income this year from his investments.
If you work from age 20 to 70, 50 years, earning $50,000/year every year, and spent none of it, on taxes, on housing, on food, on TV, on fun things. You would make 2.5 million dollars in your lifetime.
That would take a 100 years to earn if you earn 1 millon a year - and pay no tax… I doubt many here are on that kind of money. Scarier still, this is most likely less than his passive income this year from his investments.
If you work from age 20 to 70, 50 years, earning $50,000/year every year, and spent none of it, on taxes, on housing, on food, on TV, on fun things. You would make 2.5 million dollars in your lifetime.
Abolish Billionaires+.