Time to bring back the 90% tax bracket.
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That was on income, accounting practices mean they have fuck all income. He's right, go after the wealth.
How about we just get rid of them and take the wealth and distribute it that way? They'd do the same to us.
Fine by me.
Bring back luxury taxes and inheritance taxes.
it was 35% after obama left, trump reduced it to 20% in his first term. we will never get back to even where obama's taxes was.
This man SEXTED me so PLEASE vote for Susan Collins (who will Promise to Keep RICH PEOPLES taxes LOW!)!
-The NY Times!
Biggest tax scams foisted on us by those in power and their buddies:
- All taxes are bad
- Private is always better than public
- Cutting taxes to the bone will always benefit you.
On the other hand I'm sick of seeing funds designated for a specific use (like education) that end up being used for everything else instead.
especially since we saw how high taxes lead to a large middle class and lowering them has been eroding it ever since.
we should not even need that. we see historically it results in short term boost and long term suffering. we keep digging that hole lower and don't understand how we are not getting out.
Kansas proved how stupid their Supply Side/ Trickle Down bullshit really is.
I agree with him in principle but the "poverty" line hasn't been raised in years. The amount needs to be in the lower middle class bracket. $75-80k is probably good so if you make that much, you won't pay income taxes.
What he and other progressives need to hammer home is that billionaire wealth doesn't help society and in fact hurts it. Money is only useful when it's used. Billionaires literally can lose a million dollars and they won't feel it.
Poverty is probably closer to $130-150k for a family of four than the $31k calculated by the fed. Mostly because we still calculate the poverty line as "food costs equal to or more than 30% of your take home" and then we pour mountains of money into food subsidies, keeping the poverty line artificially low.
They can dump millions into any political campaign they want. For the avg citizen every dollar has to be carefully rationed.
You don’t need to tax the morbidly wealthy to fund anything, you do it to prevent the perversion of social conduct their resource hoarding facilitates.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
The concept is nothing new, do Bernie and AOC support him? Would be nice to see like-minded politicians work together to adopt this more efficiently.
Is “Taxes” the name of your guillotine?
I remember that interview where Bezos said that raising his taxes alone would not solve the USA's problem. And I think he thought he was making a clever argument there, the mealy-mouthed sniffer of his own farts.
PS: who's the guy in the video? (oops I didn't see the last frame of the video. The broader question still stands though, considering other comments in this thread)
Was married to someone from a billionaire family:
They had so many tricks to get out of paying taxes. There’s an amount of money you can give as “gifts” to your family tax free, there’s ways of playing real estate where you never get taxed, and they always would donate a specific amount right before taxes were due to a specific charity that aligned with their right wing wants.
They can afford lawyers to do whatever they want. I had it in writing that my ex husband and I would split our $200,000 that they had given us evenly, but then that somehow got turned into an “inheritance” for him that I had no access to (despite being there when we set up the account, and having my name on it.) My ex also maxed out my credit cards before he kicked me out (with the help of the police, who apparently have no report of helping kick me out.)
So despite having worked full time to support my ex husband while he attending college free on his family’s dime, I will spend the rest of my life in poverty and debt. (He made sure to marry me after I graduated, so of course my student loans are also all my own)
Money gives people too much power.
This is why Platner is going to win.
Love it.
Heck yeah! Also it's super obvious by the smear campaign directed at him that he scares the shit out of the wealthy oligarchs.
You know the system is corrupt as fuck when there are only 930 billionaires out of almost 400 million people.
There should be 0.
Do you want more billionaires???
No. Do you?
and australia has 178 billionaires in it for a pop of 30+million, thats just even more dispropotinate. billionaires like to say and imagine a dictatorship like argetina, russia and china, but they would NEVER live there, because they arnt safe because they are rich, because they will defenesatrated or thier assets stolen by said dictator.
First pass a emigrant bill that taxes money leaving the country like Norway has. If they try to run they'll pay.
on billionaires specifically.
They can keep $10 mill. Take EVERYTHING else. And if they bitch about it, take it all.
Best we can do is more tax breaks for data centre construction to keep the AI bubble from bursting today
Does anyone have a link to the interview?
Well said. I wonder if there’s a explainer video that breaks down how the system works based on what he said. Since most people doesn’t understand completely what he is talking about, need to start educating on the issues.
They may leave
Do as Norway has done: https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/abroad/exit-tax/
No, they should be exterminated and their assets seized, liquidated and used to start UBI.
Just block them from reentering the US or doing any business, owning property or investing in the US until they pay taxes.