Taxing the rich built the strongest most wealthy nation in the world that landed a man on the moon.
Ever since then, the greatest thing they've done is manipulate number charts to convince everyone that they shouldn't tax the rich.
this post was submitted on 29 Mar 2025
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I wrote this on a similar post a day or two ago, so I’ll repost it here:
There were very few people this applied to.
The real reason is the corporate tax rate.
It was 52%. Today it’s 21%., and it’s effectively close to zero for many corporations with the tax loopholes used to avoid taxation. Shell corporations, deferring taxes, what have you.
So the US has lost more than 50% of the corporate taxes by % since the ‘50s.
E: the decline in tax % is pretty closely followed by the dramatic rise in CEO compensation. The wealth being funneled to the top by cutting corporate tax got us the billionaire oligarchs we’re dealing with today.
The top-tier tax bracket motivated businesses to increase their spending. When the IRS is going to take 91% of any additional profits you are going to make, it is better for you to spend that money on tax-deductible "business expenses" than to keep those excess profits.
Those "business expenses" are someone else's paycheck, so even if they were bullshit, they were a benefit to society.
Now, they just take those profits, invest them, and expect the economy to return more money to them than they put in. They converted that money from someone's paycheck into a debt owed back to them.
To answer your question, it's not.
The Republicans, as proxies for the 1% and Evangelicals, have been trying to break the Federal government at least since Reagan, if not longer.
They've been trying to break the federal government since before the nation was founded. These are the descendents of the same people that wanted to count "non-humans" like slaves towards their population but without giving those slaves the same rights as them.
I mean technically before the party swap it was democrats but the pre swap Dems where the post swap republicans
It's just southern racists. It's all just southern racists.
The funny thing is the path to MAGA is taxing the rich, but the dummies are doing the opposite.
“Make America Great Again” was also Reagan’s campaign slogan:
It’s always been the calling card for letting the rich get richer and accumulate more power.
it's called the MAGA approach to epistemology [ed. need a better more made-up word] or something and we blame it all on Bill Clinton.
"Let's" -- as if.
Less popular opinion. If we drive taxes up on the rich they’ll just get more creative with tax avoidance or move to Panama.
The ultra wealthy don’t pay income taxes and they didn’t in 1950 either. They’re mostly paying capital gains which was lower back then then it is now.
What we really need to do is remove all the massive loopholes in the current tax code and maybe do something like having progressive tax brackets on capital gains (some people are legitimately just using capital gains as retirement income).
Also, fund the IRS more. They’re not the evil tax man. They are finding the people who aren’t paying their legal fair share.
What's so bad about the ultra wealthy moving out?
Genuine question.
Because even if they pay a lot less percentagewise, they still pay a lot. Having like 10% of something is better than having nothing.
We should still track down and close loopholes, and increase taxes on capital gains tho.
Imagine life was a game. You lived for 2025 years. You worked 260 days / year. You made the median US salary.
You would need to relive that process 3,145 times to match an Oligarch.
That amount of wealth is unethical while humanity suffers. No one can really fathom “1b dollars.”
ok so eat the rich but you can't just put numbers from your personal receipts into a chart describing 2,000 years and assume it will make sense.
Whats there not to understand here? If you make $400,000 per day since the year 1 up until modern day, you still would only have 87% of Bezos' modern net worth.
what is $400,000 in year one of this? you have that, you own the entire Levant?
it's actually impossible to argue against you for not "weighting for inflation" because money does kind of make sense back then, and now, because it's more efficient than shuttling goats around as currency, or investing in shitcoins.
$400k per WORKING DAY. If you did that for 2025 YEARS, you’d still be short.
People don’t get how stupid this is in human terms. Sure, just rewards for effort, but this is insane. It makes no sense on a human scale. And these people have us so worried about everything that we can’t step back and comprehend.
Now in touch form: https://eattherichtextformat.github.io/1-pixel-wealth/
Look up for assholes; they’re above us and they keep shitting.
I use Christtimes as a rallying call for people who call themselves Christian. Is this what Christ would want? Luke 18:25, Matthew 19:21, John 13:34-35.
I’m sick of this country talking about Christ while this shit is happening. This isn’t Christian. It isn’t moral. I don’t pretend to know the answer: the problem is obvious if you think about it in human terms.
✌️ & 💜
unfortunately I can't respond on any bible quotes. i'm just saying, $400k is not a meaningful concept 2000k years ago. That was Antony and Cleopatra type ultra trash drama. Fantastic costumes, there's always some child teetering inside the monstrous costume head.
Run the numbers for yourself. I tried to make it easy. :/
Do you think it’s fair a median US household should work 3125 * 2025 = 6,328,125 years of work to catch up to Jeff? I don’t.
dear crypto bro or m'lady. fuck jeff. I am here from the future and I have immense wealth from assaulting Virtua Arcade Fighter 2 machines.
Do I have a moral obligation to use my time machine to invest in AI from the past?
Ah the basilisk.
I like to imagine it’s evolved past the human desire for revenge.
I’d like to hope I’m beyond crypto. Was a strange period in my life.
I hope you got wings on your chariot, or at least a really bulletproof legal document
Run the numbers for yourself. I tried to make it easy. :/
Do you think it’s fair a median US household should work 3125 * 2025 = 6,328,125 years of work to catch up to Jeff? I don’t.
i didn't mean to argue about the value of work. it doesn't mean anything in coins to me
Seems absurd to me compare the value of shekels 2,000 years ago to modern shekels, even before attempting to translate an ancient culture to ours today
BuTt they CreAte JerBs!