4 ms·
Stop believing the lies politicians tell you? The best thing for the middle and working class would be broad-based tax cuts, and yet the political narrative in
by cal5k 5y ago
Stop believing the lies politicians tell you?
The best thing for the middle and working class would be broad-based tax cuts, and yet the political narrative in most developed countries continues to be unabashed "hose the rich" tripe that in every case results in a larger burden on working and middle class families, often indirectly through a higher cost of living.
It's rational for large companies to spend basically up to the amount they would lose to taxes to legally avoid them. No individual can marshal those kinds of resources.
The better solution than continuously trying to find more and more ways to tax everything is to simply lower taxes, thus reducing the incentive to avoid them.
I even see this as a moral imperative, since top marginal personal income tax rates > 50% (not even accounting for sales tax, property tax, payroll tax, etc.) in many developed countries are tantamount to theft in my view.