Via Ben Wikler:
Absorb this graph—but note that the final year is 2018, the year of Trump’s tax cuts. That’s #Trump’s big goal, always has been: to rip off working people and hand huge bags of cash to the ultra-wealthy, like himself and his Mar-a-Lago buddies.
Rutger Bregman:
Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans.
If the richest Americans had simply grabbed the cash & invested it, they'd probably have gotten away with it.
Instead, these wealthy individuals used these gains to:
1. Fund a fascist movement
2. Fry a planet
3. Let 1.2 million Americans die in a pandemic
4. Eradicate the civil rights of 167 million American women
5. Buy a corrupt Supreme Court
6. Bribe 147 members of Congress into participating in a coup attempt
7. Fund voter suppression efforts
8. Thwart unions
@Npars01 @GottaLaff > they'd probably have gotten away with it
Have they been held accountable yet?
Beginning to...proposing 25% tax rates on unrealized gains for the mega wealthy.
https://www.vox.com/money/23634085/biden-2024-budget-billionaire-tax-capital-gains
If billionaires have sufficient cash to overthrow a democratically elected government, they have enough cash to pay their fair share.
Currently, many billionaires pay only 4 to 6% tax rates, far too low.
The termination of the carried interest loophole was foiled by that traitor Sinema, using the filibuster.
Billionaires lined her pockets to buy her vote, a clear case of public corruption
https://www.nytimes.com/2022/08/05/business/dealbook/sinema-tax-loophole-carried-interest.html
https://itep.org/kyrsten-sinema-fights-to-protect-tax-breaks-for-private-equity/
https://www.pionline.com/washington/senate-democrats-reintroduce-bill-targeting-carried-interest
Laffy
Nicole Parsons
Ben Ramsey
Polly