First stop Joe Rogan. Not a billionaire, but he is an ignorant little bitch.
In 1945 the top tax rate in the USA was 94%. This should be a goal.
In 1945, we operated under what was functionally a command economy at the tail end of a globe-spanning total war.
I mean, we can debate the efficacy of that economic model (re: The People’s Republic of Walmart), but I’d rather the US be funding and fighting fewer wars, not more of them. FFS, if you give any number of shits about climate change, a global mobilization of killing machines is not going to point us in the right direction.
The threat and urgency of climate change is all the more reason to take that money and apply it to those problems. Not only does that help tackle the issue directly, it takes resources away from the biggest contributors to the problem. You have asshole rich fucks commuting to the office by private jet.
Why do you assume the taxes have to go hand in hand with investing in war?
The threat and urgency of climate change is all the more reason to take that money and apply it to those problems.
I agree in theory. Idk if we’ll see that policy put into practice. Declines in emissions over the last four years have been minimal, despite an ostensibly large investment in alternatives. The biggest drop was during the peak of COVID, which should tell you everything you need to know about our domestic policies. We rebounded immediately afterwards as quarantines lifted.
You have asshole rich fucks commuting to the office by private jet.
And you’ve got businesses pitching “flying taxis” as next generation mass transit. Yeah, it looks incredibly bleak. I just don’t see any future administration in either party seriously curbing these excesses. Not when they’re so beholden to the money these private jet commuters spend during election season.
Why do you assume the taxes have to go hand in hand with investing in war?
Wars are incredibly expensive and put huge demands on domestic industry.
But please based on wealth rather than income.
Rich people don’t become rich from income.
I support a wealth tax as well, but even taxing income aggressively is a good start especially if it includes higher capital gains taxes.
I’m not super familiar with US tax law, but in Canada benefits like stock are taxed as income when granted. This would still be great.
Wealth taxes are unconstitutional in the United States. It would require an amendment to change that.
Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
for realsies this time? is anyone really expecting this to happen? is this really news?
i mean come fucking on.
is anyone really expecting this to happen?
Something’s got to give. The hard split with Russia and the increasing soft split with China is threatening the global dominance of the petro-dollar. At some point, the US is going to need to in-source large parts of its economy, and that’s going to require public sector investment in a period of retreating dollar-dominance. That means either we gut spending on education, transportation, and health care (which would undermine re-industrialization at home) or we raise taxes.
Twelve years ago, you had Mitt Romney talking about putting more lower-class American “skin in the game” by imposing a higher taxes to cover the 47% of Americans who don’t owe income taxes. That was a prelude to the modern moment, which we’d been kinda-sorta fortunate enough to forestall by deepening our trade relations with “enemy” nations and riding a new DotCom bubble out of the COVID crisis.
But now we’ve got serious revenue problems at the federal and state levels. We’ve cut too deeply on upper class taxes, and our political incentives are only to cut deeper. Gotta make that up from somewhere, or you’re back to another inflationary spiral as the US floods with its own cheap money.
No, we aren’t. We’re hoping. Which, much as you might dislike it, is a huge reason why we fight.
i’m sorry but it sounds like you are coping. you know this won’t happen.
are you seriously exchanging a few empty promises from a politician for what will be covert fascism again?
i might have put the word “harris” on my filterlist. why is this “news”
You know as well as we do that only one of two possible people will be elected, and that even if one party in power might have a measly 10% chance of having billionaires pay even half of their fair share, the other party being in charge has a -500% chance of doing so.
It’s an unnecessary dichotomy, but it is not a false one. At least one of the choices is willing to say it needs to be done, even if they are still by definition a politician who can’t really be trusted (and who won’t have the power to unilaterally make shit happen).
You’re expecting things to never change, or if they do it’ll be for the worst. I can’t blame you for that. Thing is, there has already been change for the better. This is why we are still here and still fighting. Why we still have hope. If all those just like you joined us, imagine what we could do. All you’d have to do is expend some effort - the very same energy being used to express hate, dislike, and skepticism.
I am sorry you feel this way. It must really not feel great.
All talk. I have yet to see a single politician actually give the people what they want. She had 4 years to do it, and crickets.
Idk what she’s done, or even can do as VP, but Joe’s helped get some good legislation passed, negotiated drug prices and I think he passed some gun control? Those seem like things some people want, although you might have a specific people in mind that I’m not aware of.
That’s just distraction legislation, not what people truly need. This has been happening since the early days of the election process, but none of these measures address the real needs of the public because it’s all political theater. The actual control lies elsewhere (i.e. global elite). I’ve been aware of this for decades, but only recently have others started to see it too.
Do you know who these global elite are and how exactly they exert their control? My conspiracy theory alarm bells are goin off lol. Also how does lowering prescription drug prices not address some “real need” of some portion of the public? Not to mention the infrastructure bill which put a ton of money towards renewable energy, which is a step towards stopping global warming… You may argue these steps aren’t proportional to what actually needs to be done, but looking pragmatically its kinda hard to do really good stuff when half the country (and thus half the legislature) is whipped into a populist fervor, which you seem to also support given the main thing populists hate are the elite!)
In the 1950s the top marginal tax rate for couples filing jointly making over $400,000/year was 91%. Adjusting for inflation, that’s $5,200,000. Just to put our current tax structure in context.
