Economic News

[Purple Nurple]

If only Tech Company owners hundreds of Billions , maybe Trillions, were taxed-like my "income"
Bezos increased his net worth by Hundreds of Billions-basically not taxable. The tax laws have not kept up with Wealth transfers

How is there income taxed differently than yours?

 

[mpaer]

How is there income taxed differently than yours?

You know why . Its not called income-its called "I am just worth 100 billion more than I was a year ago "
Mine is called income
The tax laws have not kept up with Wealth transfers
You know exactly WTF I am saying

 

[rodoheel]

The rich, owners, get richer. When we put more dollars in consumers pockets by expanding the social safety, spend money to improve physical and digital infrastructure, or invest in renewable energy those dollars ultimately flow to the owners.

Well there's no way to give lower-income people more income without them spending it. And the way everything is supposed to be kept in a reasonable balance is through a progressive income tax system. But we have flattened out the tax rates - based on nothing more than the now clearly disproven "trickle down" lies - such that they aren't progressive enough anymore. We should probably have 1-2 more tax brackets on top of the highest current tax bracket and the top rates should probably be in the 45% range, maybe as high as 50%.