Charlie KruseSep 3, 2023
Show threadJenny Z., This Puzzle Piece

@CharlieKruse

It wouldn't be as problematic if that money was circulating, but:

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$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens
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https://www.taxpolicycenter.org/taxvox/4-trillion-us-wealth-stashed-overseas-much-it-tax-havens#:~:text=A%20handful%20of%20extremely%20wealthy,IRS%20by%20foreign%20financial%20institutions.

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens A handful of extremely wealthy US taxpayers holds trillions of dollars...

Tax Policy Center
Sep 3, 2023 at 9:58pmWeb
Show threadJenny Z., This Puzzle PieceSep 3, 2023

@CharlieKruse

Which is two thirds the annual budget of the United States.

https://www.cbo.gov/publication/58888

The Federal Budget in Fiscal Year 2022: An Infographic | Congressional Budget Office

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

Show threadrēd ⭐Sep 3, 2023
@jennyzilliac @CharlieKruse ...while the single mom pays 15-30% tax; 0% or close to zero for the 8 men mentioned nor for the owner of the billboard itself...
Show threadJenny Z., This Puzzle PieceSep 3, 2023

@redwireless @CharlieKruse

Yes. It's tempting to hop on the religious tax-exempt status fist-shaking train, but for now I think I'll stick with the insanely-out-of-whack wealth distribution fist-shaking train.

In response to this thread, my husband and I were talking about inventing a tempting new political offering to get young people and low-wage workers to the polls. Here's what we came up with:

Low-wage workers pay zero income tax.

(Of course, we can tax the hell out of the super wealthy, too, but the piece d'resistance is the zero income tax rate for low-wage workers.)

#zeroincometaxforlowwageworkers
#wealthredistribition