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I agree with raising taxes, maybe not through income tax as it’s shown it often can decreases revenue and capital flight etc. and I support high brackets in the
by rhegart 8y ago
I agree with raising taxes, maybe not through income tax as it’s shown it often can decreases revenue and capital flight etc. and I support high brackets in the $10M range and up. Many people think 100k is rich and 400k is extremely rich but taxing that further I’m sure will decrease revenue.
I support things like a tax on digital advertising. This is a tax that wouldn’t slow growth or harm the econo,y really and impacts mostly those with extremely high capital investments. Facebook, Google help our economy a lot but they don’t have that many jobs in relation to profits. A 10% tax on digital advertising would eat marginally into their profits but their profits rise 25% a year so not too bad. That would raise around $15-$20B a year by 2020. Imagine how doubling the subsidies for solar and EVs would do for renewables and EVs.