Should we have a limit on the wealth of Trillionaires like Elon Musk? - John Stossel Video
Posted by Ken C on October 6, 2026, 8:55 am
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John Stossel has some good points in this video, but he only addresses the extremists who want to limit the wealth of rich people. There are more reasonable moderate ideas for helping the poor without having any limits on the rich. Maybe we could tax the rich a little more and use that money to pay down the national debt. Maybe we should stop giving subsidies to the rich. In 2023 I was planning on buying a Toyota Camry, but then California offered me a $9,500 rebate to buy a Tesla. So the $9,500 rebate from California was really a subsidy encouraging me to purchase from Elon Musk. The stock market even changed some of their rules just to help Elon Musk. In Monopoly, the game ends with one person having all the money and everyone else bankrupt. Real life should not be like a Monopoly game.
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Message Thread
Should we have a limit on the wealth of Trillionaires like Elon Musk? - John Stossel Video - Ken C October 6, 2026, 8:55 am
- Just go back to the pre-Reagan tax rates. - 7:77 October 6, 2026, 11:07 am
- We could go back to 1944 - BornToFarm October 6, 2026, 1:16 pm
- NOT a single dollar was actually taxed at the preposterously high rates. - DFM October 8, 2026, 11:38 am
- The average Joe has virtually no tax write offs. 28% period. The tax codes are a mess.,
- GOG October 6, 2026, 7:46 pm
- High taxes helped us pay down the debt from World War II. - Ken C October 6, 2026, 2:07 pm
- We could. - 7:77 October 6, 2026, 2:04 pm
- Oppressive government IMO. 94% ?????? - Mondo Fuego™ October 6, 2026, 1:54 pm
- Exactly! The problem is not the entrepreneur spirit. - GOG October 6, 2026, 12:39 pm
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