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> The solution is much higher taxes on the ultra-rich I was with you up until this part. This has been tried for decades and it clearly doesn't work. What we n
by lj3 9y ago
> The solution is much higher taxes on the ultra-rich
I was with you up until this part. This has been tried for decades and it clearly doesn't work. What we need now are tax breaks specifically for small businesses. We want people to be able to work for themselves or work for somebody more willing to share more of the profits with their workers. More businesses willing to pay market rate means more employment, more competition and more pressure on the companies who like to underpay.
Neither idea (tax breaks for SMB, more taxes for rich) are going to happen anytime soon. Nobody with deep enough pockets to lobby for it would want either idea to become law.
- Mc_Big_G 9y agoWhen was this tried? I'm really interested in data that shows taxing the ultra-rich at the same rate as the middle class (~30%) and "clearly doesn't work"