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Similarly, the people loudly protesting tariffs are traditionally for higher taxes.
by sejje 8mo ago
Similarly, the people loudly protesting tariffs are traditionally for higher taxes.
- yoyohello13 8mo agoThose people are generally for higher taxes on the rich. Tariff are a flat tax that dis-proportionally affects the poor.
- jleyank 8mo agoWhich is why the current administration and their (very rich) backers prefer tariffs to income taxes...
- tastyfreeze 8mo agoEvery tax ever implemented by government has been initially sold as a tax on the rich. The people voting for it assume they will never be taxed because they aren't currently rich. But, there is never enough of other peoples money to spend. So, taxes expand and/or increase to include more people. The original income tax was sold as 1% on mid income and 2% on high income. At the time more than half the country was not going to pay any tax.
- nullocator 8mo agoMaybe because the rich consistently lobby and weasel their way out of paying their fair share so the burden on everyone else continues to rise?
- tastyfreeze 8mo agoOr, no amount of money is ever enough for government and taxing income is a dumb value to collect revenue. Southern states supported an income tax because they believed it would make it possible to collect revenue for indigent people. Exactly opposite of "taxes the rich".
- sejje 8mo agoMore than half the country still doesn't pay any (income) tax.
- tastyfreeze 8mo agoThat is a bit of a lie. Getting a refund does not mean you didn't pay. Even getting more back than you actually paid does not mean you didn't pay. Money is taken from every paycheck. When you file your taxes the IRS decides what you get back.
- sejje 8mo agoDisagree, I think my wording was fine. But okay, 50% of Americans don't contribute to the country with income tax. They are leeching their services from those of us who do.
- Imnimo 8mo agoWell, typically for higher progressive taxes. Tariffs are typically a regressive tax.
- tbatchelli 8mo agoI believe these loud people are mostly for taxes on wealth vs. direct taxes on consumption, as the latter affect lower classes more acutely.
- hammock 8mo agoThe proven recipe for success is buy more, earn less
- giantrobot 8mo ago> higher taxes ...for the wealthy. Tariffs are use taxes and overwhelmingly affect the 99%.
- hammock 8mo agoFor the wealthy, or for high earners? I have never seen a proposal for an income tax that grades with your net worth. They only grade with your income.