4 ms·
It is pretty frustrating how these outrage-inducing statements about billionaires are mostly used to justify tightening the screws on us "labor aristocrats." Tu
by closeparen 5y ago
It is pretty frustrating how these outrage-inducing statements about billionaires are mostly used to justify tightening the screws on us "labor aristocrats." Turning up the top marginal tax rates is obviously not a way to touch billionaires. Billionaires don't pay anything close to income tax rates. But it sure as hell will touch the engineer trying to buy a house in San Francisco.
I mean, we probably should be paying higher taxes too, but we could at least have the intellectual honestly to talk about the cohort that actually pays huge income tax bills (educated workers in HCOL cities) instead of gesturing at billionaires who have nothing to do with the income tax scale.
- imapeopleperson 5y agoWell said, but I don’t know why you’d offer up paying even more taxes. If anything, taxing billionaires should help lower the burden on labor aristocrats. The real issue is government having a monopoly on tax revenue and not pushing a penny far enough.
- BirdPlusPlus 5y ago>The real issue is government having a monopoly on tax revenue and not pushing a penny far enough. I definitely agree with this but is it even possible to incentivize that? Sometimes I wish we could put an honest "I" in IRS and sic 'em on the government.
- syshum 5y agoThe Parent offering to pay more is more ethical than pointing over there and screaming them, send the men with guns after them to take their money, dont take my money I need it more than them.... >The real issue is government having a monopoly on tax revenue No the real issue is government having a monopoly on money, and the money supply, combined with not having any actual constitutional limits on spending. Spending is the root cause problem here.
- JKCalhoun 5y agoAre people suggesting turning up the top marginal tax rates? Because I hear about adding a new higher bracket, and/or taxing wealth, raising the inheritance tax, an AMT for capital gains, etc.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- dionidium 5y ago> But it sure as hell will touch the engineer trying to buy a house in San Francisco. There are lots of things we can and should be doing to ensure that high-income tech workers won't have any trouble affording a home in San Francisco, but taxing them less isn't on that list.
- deleted 5y ago[deleted]
- closeparen 5y agoOur tax and housing policies are two reflections of the same moral system - appreciated assets are sacrosanct while valuable labor is obscene.