6 ms·
>Tax's lowering for everyone == mostly benefit the rich What?
by Zpalmtree 10y ago
>Tax's lowering for everyone == mostly benefit the rich
What?
- AstralStorm 10y agoUS is above its head in debt right now, on par with states like Spain or Greece. Lowering the tax means it will be less money, meaning less social initiatives that benefit the poorer such as Medicare. Making taxes more progressive would work.
- dangravell 10y agoBecause they take home more in absolute terms. Capital accrues in a compound manner, that's why we have progressive income taxes. Or did.