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Call me crazy but I don't exactly have a ton of sympathy for temporarily embarrassed millionaires. The statement that we somehow have absurd tax rates now is co
by __loam 2y ago
Call me crazy but I don't exactly have a ton of sympathy for temporarily embarrassed millionaires. The statement that we somehow have absurd tax rates now is completely inconsistent with the reality that taxes have been trending down for decades, punctuated by tax cuts that were made in the last decade. If you're worried about government spending and government debt, and you probably should take a macroeconomics class and realize you shouldn't be, then you ought to be in favor of reforming our codes to ensure the rich are paying a fair rate given that they benefit hugely from being in a country with developed infrastructure, a highly educated workforce, and a military that ensures global stability and unmolested shipping.
Bringing up tax codes from before 1900 is just an absurd way to start a discussion about this because we've had over a century of development in monetary policy and taxation since then.