How The Rich Take Advantage Of The System To Uphold Lavish Lifestyles

Elon Musk
Via Wikimedia Commons
Shiavon Chatman
May 14, 2022

A recent ProPublica report on the 400 wealthiest Americans revealed that the average person would have to work 2,750 YEARS to make what the lowest-earning person on the list does!

That massive wealth means they live lives we can barely imagine.

Tesla CEO Elon Musk is worth about $300 billion. He recently bought Twitter for nearly $50 billion. Meanwhile, a report showed that ALL medical fundraisers on crowdfunding site GoFundMe from 2016-2020 totaled $8 billion. 

For the amount Musk used to purchase Twitter, he could’ve helped millions of people – and still had billions left over.

The mega-rich travel by private jet to vacation homes on private islands, attend private schools, have personal chefs, and were largely spared any impact of the COVID-19 pandemic.

All while the rest of us struggle. How did they do it?

One reason is that the United States taxes money made from investing at a lower rate than money made from wages.

This is powerfully unfair. We end up paying a larger percentage of our money in taxes than the wealthy do, though they can afford to pay much more.

What does it say about the United States when the mega-rich can live exorbitantly, and pay very little in taxes, while the rest of us struggle – and that our system is built to help the rich get richer?

We have a quick favor to ask:

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