wanderingmagusVice Execs Were Paid Over $1 Million In Bonuses The Day After ‘Painful’ Layoffs
This has to stop. Seriously. This is a huge cancer in our society
The top tax bracket used to be 92%…
Like, after a certain point for ever $100 you were paid, the government took $92 and left you with $8 and your other deductions.
It’s honestly that easy to change, just bring back the same tax brackets we had under Eisenhower and we’d pretty much fix the income gap immediately. Or at least we’d have plenty of tax revenue to fix shit and provide safety nets.
It’s insane like we act like we can’t figure out a solution, when we already had one 60 years ago…
SpiracleSadly, not that easy, since "income" no longer accounts for the huge wealth gap. Until stocks and assets are counted and taxed appropriately, the top 0.1% will remain just as wealthy.
It might work on parts of the 1% to 0.1%, though.
cough cough tax capital gains as income cough