State of the Union Bombshell: Tariffs as a Backdoor Income Tax Replacement
A State of the Union address admission reveals a plan to replace progressive income taxes with tariffs—a regressive shift that would raise prices and burden working families.
#billionaireTaxCuts #ConsumerPrices #EconomicInequality #IncomeTax #IndependentMedia #inflation #progressiveTaxation #regressiveTaxation #StateOfTheUnion #tariffs #taxPolicy #TradePolicy #wealthConcentration #workingClass https://wp.me/p1OjMZ-oJv
Luke 12:48
For everyone to whom much is given, of him shall much be required
TAX THE RICH
#bible #responsibility #accountability #freeloaders #progressivetaxation
⬆️ @atrupar >>>> #Trump on Tim Cook and other CEOs traveling to meet with him: "In the first term, everybody was fighting me. In this term, everybody wants to be my friend."
@GottaLaff >> Everyone is scared shitless, a coward, and/or greedier than last time.
Watch how quickly #progressiveTaxation becomes a reality in #Trump world.
People & corps will pay a "tax" to trump (not to #IRS) depending on their ability to pay. The richer will pay MORE than the less fortunate, but US Govt won't get any
⬆️ >> Fair #progressiveTaxation is what's missing. 4+ decades of #Reagan #TrickleDown economic policies is what brought us here. Problem is not #Capitalism but unbridled #laissezFaire. Govt is not optional.
Because assumptions of perfect competition do not hold in real world, govt is not optional. Corrective action is needed to bring fairness.
But in the name of efficiency, we will have #DOGE — Destruction of Government (by) #Elon
via @gilduran https://www.theframelab.org/destruction-of-government-by-elon-doge/
⬆️ @slashdottir
>> Everyone seems to be averting their eyes from the fact that capitalism as a system seems to require underpaid or slave labor to keep things affordable to the general public so that it works out … Is there a way to have capitalism without relying on exploitation?
Fair, #progressiveTaxation is what's missing.
4+ decades of #Reagan #TrickleDown economic policies is what brought us here.
Problem is not #Capitalism but unbridled #laissezFaire. Govt is not optional.
@nealcurtis #thankYou
These is some good definitions, I just added some tags so we can find this again.
#Neoliberalism was the means by which the rich dismantled the consensus around #socialDemocracy, #progressiveTaxation, #welfare and #publicServices in order to amass wealth and material inequality similar to the time of absolute monarchs.
#Fascism is the chosen means by which they secure and preserve those gains.
Policy makers still wanting to prioritize the few over the many again and again: “Losing the revenue part of the budget equation and focusing only on spending cuts seems to reflect a society like the one the late-nineteenth-century industrialists embraced, in which a few wealthy leaders get to decide how to direct the nation’s wealth.”
#History #Politics #Taxation #FederalBudget #ProgressiveTaxation #SocialSafetyNet #DeficitMyth #LettersFromAnAmerican
Today, President Joe Biden signed the continuing resolution that will give lawmakers another week to finalize appropriations bills. Lawmakers will continue to hash out the legislation that will fund the government. Republicans have been stalling the appropriations bills for months. In addition to inserting their own extremist cultural demands in the measures, they have demanded budget cuts to address the fact that the government spends far more money than it brings in.
I'm not asking for a #tax cut.
What we need, is the mega-wealthy to be taxed *more*. #ProgressiveTaxation to effectively and directly rein back #WealthInequality.
Their obscenely outsized ability to outspend everyone else, is what's distorting our society and hemming in our options. You, #Australia government, have the power to stop it. Do so, now.
https://www.abc.net.au/news/2024-01-23/pm-hints-at-stage-three-expansion/103377882
Bill Gates thinks super-wealthy should pay more tax — and he's not alone
#BillGatesTaxReform #WealthyTaxation #IncomeInequality #ProgressiveTaxation #EconomicJustice #TaxFairness #Politics #News
Egberto Willies
Lone Pundit
Byrnejmf
Ramesh #NotGoingBack
AL
A Guy Named Brian (he/him)
bignose
U.S. Politics in Real Time