Maybe those Republican tax cuts for the wealthy and corporations since 2001 haven't been the best solution implemented for the majority of Americans. But let's blame Obama or Biden or even Bill Clinton. Forget that Reagan also started the huge tax cut giveaway to the wealthiest amongst us in 1981 (before many here were born).
It's always Republicans who are seeking to cut taxes for the wealthy and raise taxes on the middle class and less economically advantaged.
Quote by MsStep
What about Sin Taxes, like those on tobacco and alcohol products?
I’m not exactly sure what your asking, but yes. Those taxes are also used to fund the government. Many states will specifically allocate these taxes to things like schools, but still the same as any other POS tax.
Taxes are just one side of the equation. To validate a conservative talking point (they're not always completely off the mark, even if they are most of the time), we really do need to get a handle on government spending as well, in order to eliminate waste which is a huge drain on our resources. Unfortunately that's where our agreement ends as our definitions of what counts as 'wasteful' differ widely. However, I'm sure we can find some common ground if we don't go after each other's sacred cows (eliminating the Dept of Education or the medicare system entirely is an obvious non-starter to a serious conversation). That's probably a huge contributor to why the system is so resistant to reform - admitting that there are areas of government waste that could use some refining is like opening the gates to the barbarian hordes who just want to pillage, burn, and destroy the place. So, instead, we become more entrenched because moderate broken-ness is preferable to a wholescale rampage by our political rivals high on blood lust. It's the polarization and oppositionality that is killing America because it blinds us to real, reasonable, and practical steps towards improving our situation and leaves us in this dysfunctional stalemate.
Don't believe everything that you read.
Quote by Chryses
Well, there are those who think "too much" wealth is sinful and harmful to society, so perhaps such a tax could be crafted for billionaires.
Just make the super rich pay at the income tax rate they paid back in the 1940s through 1970s.
Quote by Buz
Just make the super rich pay at the income tax rate they paid back in the 1940s through 1970s.
Can we specify the 1955, 91% scale?
Quote by Ironic
Wouldn't you want NOT to kill the goose that laid $250,000,000,000 annually?
Yes
=== Not ALL LIVES MATTER until BLACK LIVES MATTER ===
Quote by Chryses
The power to tax is the power to destroy, which is what some want to do to others.
I though you had the second amendment for that.
=== Not ALL LIVES MATTER until BLACK LIVES MATTER ===
It’s actually just reinstating the policies it had in place before Trump and the Republicans slashed the IRS budget.
The IRS budget is about the only government program that makes more money the more you put into it, simply because it takes time and money to get the rich to pay taxes.
Both parties will oppose it because both are puppets of the rich but they actually need real deterrent penalties for cheating on you taxes when your rich. A guy shoplifting $100 of merchandise is likely to get more jail time if caught than some guy trying to bail on millions of tax debt. Aggressive financial and jail penalties for the uber rich, you find after a few years of that the tax revenue will flow in.
