Qasim Rashid, Esq.Apr 26, 2023

A quick history lesson. From 1940-1980:
•Wealthiest paid 70-94% marginal tax
•0 of them went broke from taxation
•0 of them left USA
•All remained exceedingly wealthy
•Manufacturing boomed
•The middle class was 62% of US economy (It's now 40% post 'trickle down scamenomics)
•We had the strongest middle class growth in US History

Let's do that again. Stop protecting billionaires. Start taxing them.
#TaxBillionaires

Show threadBrandon LambertApr 26, 2023
@QasimRashid that is actually not true. Perhaps the posted rate were that high but they all played the same games they do no. Virtually none of them paid that much. To fix this we need flat taxes with no deductions. If you have to have your commie “progressive tax” you could set like 4 or 5 tiers of flat rates and we can all just file our taxes on a post card like most of the free world.
Show threadit's B! Cavello 🐝
@comeandtakeit out of curiosity, do you think tiers of flat rates are better than, say, a smooth nonlinear tax function?
Apr 27, 2023 at 2:15amWeb
Show threadBrandon LambertApr 27, 2023
@b_cavello I do because I think it is best to keep it a simple as possible. Not only for ease of use but also because it makes it plain to see to the average tax payer how much is being taken. That allows the taxpayer to make more noise when they feel they are being taken advantage of. Ask the average taxpayer what their rate was last year and they will have no idea. It also gets rid of people getting “returns” greater than what they paid in.
Show threadit's B! Cavello 🐝Apr 27, 2023
@comeandtakeit That makes sense. Transparency is helpful (and the whole return thing is kinda goofy 😅 but I do think tax credits can be good so not sure when that ought to happen…)
Thanks for explaining!