Yup, hey, why not just cap income then for everyone at say $50M per year? Anything more than that and it goes straight into the government coffers. Also... I wasn't plying for sympathy for billionaires. I was pointing out an inaccurate statement, which also demonstrates that the US government socialists have no limit to their greed in taking money from it's citizens. What started out as a " justifiable fair" tax against billionaires during our darkest hours fighting tyranny in Europe has been extended over time to at least the upper middle class (if not lower) without any such justification other than power hungry politicians who trade votes for other peoples wealth. So, no, it's not 90% anymore, just 33/35% (and bound to rise soon), and no its not a million anymore, it's only ~$165K.
Not a crap mountain, but it's still a pretty large pile of crap.
Edit: My cursory check on house values over time shows that a $10K home in 1945 would now be worth $170K (and falling). http://mysite.verizon.net/vzeqrguz/housing...s_1890-2008.png So, realistically... $1M in 1945 would be like $15M now.
Not a crap mountain, but it's still a pretty large pile of crap.
Edit: My cursory check on house values over time shows that a $10K home in 1945 would now be worth $170K (and falling). http://mysite.verizon.net/vzeqrguz/housing...s_1890-2008.png So, realistically... $1M in 1945 would be like $15M now.