Business Insider Biden is considering a major federal tax increase for the first time in nearly 30 years, report says

[GastonGlock]

Originally Posted by Tiny

So why the fuck would you do it? The rich end up worse off because they pay at a higher tax rate. The poor end up worse off because the government raises less revenue.

Well, royamcr hit the nail on the head. So you fuck the rich fuckers. So you can cut off your nose to spite your face. Why? Because populism and class warfare appeal to a large number of Democratic voters. So that's why you saw the lot of them, Biden, Sanders, Warren, Harris, Buttigieg, in a contest to see who could tax the rich the most.

If you view progressive policies as written by jealous-minded, less-successful people and their white saviors it all starts to make sense.

Of course the taxes don't work, if they were good with money, they wouldn't be broke.

[bf0082]

Why wasn't there this outrage when the corporate tax got reduced to 21% ? Reducing revenue from the wealthiest most successful companies who hold trillions in cash.

What was the benefit of cutting the corporate tax rate during record profits ?

An increase in stock buybacks and skyrocketing stock market, which only makes those who have money, more money, cause the bottom 80% have nothing invested in the market, just some pettily 401k that they had to self fund with their slave wages..............

The average American should be smart enough to know the self worth of the USA market, being the wealthiest country and having 300 million consumers, there is no need to cave into corporate demands.

Sadly they drink the koolaid and believe without corporations our country will go into high unemployment and recession......... as intelligent as thinking trickle down economics is real....... smh

[GastonGlock]

Originally Posted by bf0082

Sadly they drink the koolaid and believe without corporations our country will go into high unemployment and recession......... as intelligent as thinking trickle down economics is real....... smh

People have become binary - either we kiss the corporate ring or need to be taken care of by the government. Entrepreneurship took a serious blow with Gen X, Parts of Gen Z get it though.

[rexdutchman]

^^ yup , The same Koolaide kids wanted the 1400 / Me I got my check and NOW sending back+ a lot in TAXS ( Don't forget the elite gov politico corporate partners ) Pelissy is making 193,000 a year and is worth 2 million how's that happen ???

[pfunkdenver]

Originally Posted by rexdutchman

Pelissy is making 193,000 a year and is worth 2 million how's that happen ???

My guess is, she's a lot smarter than you.

By the way, spelling her name wrong, just makes you look childish.

[oeb11]

Those who believe bernie about 'tax the rich' - must understand - Bernie means to tax anyone with any money - regardless of income - except himself and his nomeklatura colleagues in marxist crime.
Bernie is a soviet style marxist - and believes all properties and modes of production must be owned by teh state - and controlled centrally- by Bernie and AOC.

and how did that work out for his beloved Soviet russia????

Bernie is not about to sacrifice his wealth and three homes for the marxist cause.



Typical Hypocrite - characteristic of DPST's and their minions.
Right - 'p'?????

[Jacuzzme]

biden isn’t ‘considering’ jack shit, he doesn’t have the capacity. Whoever actually is running the country may be doing so, but anything beyond Murder She Wrote passed him by a decade ago.

My guess is, she's far more corrupt than you.

Fixed that for you.

[rexdutchman]

Two words Overheated Economy