3 ms·
Everyone thinks someone else's loopholes are better places to go looking. Even I succumb to this thinking, at first I was pretty pissed at the retirement saving
by jdavis703 9y ago
Everyone thinks someone else's loopholes are better places to go looking. Even I succumb to this thinking, at first I was pretty pissed at the retirement saving plan elimination. But all us voters need to grow up and vote in people who have spines and will make us drink our spinach juice. It'd be really nice to have a tax code so simple it puts TurboTax and their ilk out of business.
- blackbagboys 9y agoWhy do we - ordinary workers and students - have to drink the “spinach juice”? Why not the people who have amassed utterly unprecedented amounts of wealth and power?
- conanbatt 9y agoTaxes are that fantastic thing that does good to everyone, specially when other people pay it.
- pishpash 9y agoBecause ordinary workers and students don't or aren't able to effectively exercise political power, ceding the polity to those who do so.
- JonFish85 9y agoBecause there is so much more money in the “ordinary workers and students” subset of society than there is in the top 0.x%.
- sidlls 9y agoNot on an individual basis.
- wahern 9y agoI can't tell if you're being sarcastic. FWIW, in 2011 the top 0.01% earned 5% of national income, the top 0.1% earned 10%, and the top 1% earned 20%. Source: http://ritholtz.com/2011/10/forget-the-top-1-look-at-the-top-0-1/ http://ritholtz.com/2011/10/forget-the-top-1-look-at-the-top... In 2016 the top 25% earned 51% of national income. Source: https://www.statista.com/statistics/203247/shares-of-household-income-of-quintiles-in-the-us/ https://www.statista.com/statistics/203247/shares-of-househo...
- mattkrause 9y agoAll those filthy rich grad students pulling in $20-35k/yr!
- SamReidHughes 9y agoOrdinary workers aren't the main beneficiaries of retirement savings plans. It's the people that can afford $20K/yr to save that benefit.
- jdavis703 9y agoYou can eliminate all tax deductions, tax the wealthy, and cut middle class taxes at the same time. All of that requires that everyone in society drink some "spinach juice" though. Of course doing those three things are politically impossible in the current environment, but that's a different problem.
- AnimalMuppet 9y agoBecause, despite all the rhetoric to the contrary, raising other peoples' taxes isn't going to be enough. We're going to have to raise yours, too.