Microblog Memes

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.

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.

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.

They don’t want a faster bureaucracy, or more efficient government. The goal in cutting funding for public services is to decrease the quality of services so that they can then trick people into supporting private companies in being awarded the contracts to provide those services (cut costs in the short-term so that they can justify higher costs later).

The goal is to DESTROY government and REPLACE it with profit-driven private interests. Capitalists are the enemy.

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.

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.”

The funny thing is the path to MAGA is taxing the rich, but the dummies are doing the opposite.

BuTt they CreAte JerBs!