2024-06-10 19:03:52
This post strongly implies the US does not currently tax the rich. In 2021 the richest 1% of earners in the US shouldered 45% the tax burden. The average tax rate of the 1% was 7.8 times greater than that of the bottom 50%. [Link] NEEDS_MORE_RATINGS(45-0-13) Author
2024-06-10 19:11:32
This post suggests that higher taxation equates higher revenues for the government. There are several instances where higher tax rates equated less revenue for the government as well as unforeseen consequences such as capital flight. [Link] NEEDS_MORE_RATINGS(39-1-13) Author
2024-06-10 20:47:54
Once upon a time this may have made sense but given our current massive levels of debt (over $100T including entitlements) more taxes on the rich are not going to free up more money to spend. [Link] Biden’s proposed 25% wealth tax would only raise $500B over 10 years. [Link] NEEDS_MORE_RATINGS(30-1-15) Author
2024-06-11 05:38:10
NNN I appreciate the motivation to try and make X a better place by adding context. Remember: Set personal feelings aside and If you already see 2 *sufficient* notes, simply uptick them. Don't keep adding to it. All of you rock, Ty for helping us grow. Thanks, CMN team [Link] NEEDS_MORE_RATINGS(3-0-7) Author