"Rich people already pay more than they should in taxes!"
1) No they don't.
2) There's a difference between a high-earning household and a truly wealthy household making most of its income on interest and capital gains.
1) No they don't.
2) There's a difference between a high-earning household and a truly wealthy household making most of its income on interest and capital gains.
Income tax isn't the issue. It's capital gains and estate taxes being so low that allow the wealthy to hoard so much more wealth every single year while the rest of us fall further and further behind.
Wealth inequality is higher than its been in over a century while our government/infrastructure/middle class are falling apart.
And the wealthy use their money to buy politicians who refuse to even consider taxing obscene wealth at a fair rate.
And the wealthy use their money to buy politicians who refuse to even consider taxing obscene wealth at a fair rate.
We know the wealthy will never give up their wealth and big business will never raise wages unless they're forced, so the only way to fix our society is to *take* money from the truly wealthy and use it to lower cost-of-living for everyone else.
Stop taxing capital gains at rates less than half of equivalent income. Close the loopholes that allow wealthy corporations to take paper "losses" that can be used to lower their tax rate.
Use the money to help everyday people with the skyrocketing cost-of-living.
Use the money to help everyday people with the skyrocketing cost-of-living.
And, most importantly, don't listen to wealthy people and businesses who say the economy will fall apart if they're forced to pay more in taxes.
They're LYING.
The wealthy always try to get wealthier and they won't just give up if taxes are higher.
They're LYING.
The wealthy always try to get wealthier and they won't just give up if taxes are higher.
Everyone on Wall Street says that if taxes go up, they won't "have the incentive to do what we do now." That is such a crock.
As if those Wall Street guys would ever do anything other than try to make as much money as they possibly can. We know better.
As if those Wall Street guys would ever do anything other than try to make as much money as they possibly can. We know better.
Our economy has grown massively in the last 25 years but all the gains have gone to wealthy corporations/families.
We need to take it back. That's the money that could actually put a dent in cost-of-living for the 80% of Americans with less than $500 in savings.
We need to take it back. That's the money that could actually put a dent in cost-of-living for the 80% of Americans with less than $500 in savings.
It's time to stop acting like what the wealthy and powerful want is also in the best interest of average people.
It's the opposite, and thinking that way is how we got the last 40 years of wage stagnation and skyrocketing inequality.
It's the opposite, and thinking that way is how we got the last 40 years of wage stagnation and skyrocketing inequality.
The Fortune 500 made OVER $1 TRILLION IN PROFITS AFTER TAXES last year.
Half of that should be taxed and the money could pay for free college, universal healthcare, AND a national guaranteed income.
Half of that should be taxed and the money could pay for free college, universal healthcare, AND a national guaranteed income.
There is no justification for a society that allows corporations to make a trillion dollars in profits.
They're already wealthy and those profits could literally be used to build a society the other 99% of us actually want to live in.
They're already wealthy and those profits could literally be used to build a society the other 99% of us actually want to live in.
