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> The rich pay significantly less taxes than when America was in its prime. > The US will only get worse until citizens vote for corporations to pay their hist
by prottog 3y ago
> The rich pay significantly less taxes than when America was in its prime.
> The US will only get worse until citizens vote for corporations to pay their historical tax rates
When do you consider America at its prime? Because I guarantee both taxation and government expenditure as a fraction of GDP were less than what they are now.
If you're talking about the Gilded Age in the late 1800s, there literally wasn't an income tax on either people or corporations, and federal spend was single-digit percent of GDP. Yet America accomplished many feats like the construction of the Transcontinental Railroad, and poverty rates fell greatly.
If you're talking about the 80s when the tax rate in the highest income bracket was 70%, the top 1% of income earners actually paid a considerably smaller share of all income tax receipts than they do now. The poverty rate didn't change much between then and now.
> Poverty is the cause.
Sure. But there is no empirical evidence to suggest that more redistributive taxation and bigger government alleviates poverty. The War on Poverty has been about as effective as the War on Drugs or the War on Terror.
- deprecative 3y agoThe war on drugs was never about drugs. The war on terror was never about terror. The war on poverty was also never about poverty. You seem to have a fundamental misunderstanding of the intent behind these programs. For example, the War on Drugs was to disrupt minority and leftist populations explicitly.
- prottog 3y agoWhat was the explicit intent behind the War on Poverty?