BogDrakonovMay 5, 2024
Laffy

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.

May 4, 2024 at 5:06pmWeb
Show threadsandywb14May 4, 2024
@GottaLaff ☹️
Show threadLaffyMay 4, 2024
@Sandywb Doubled. ☹️☹️
Show threadStarrWulfe 🌟🐺 (JLGatewood)May 4, 2024
@GottaLaff
When everyone keeps asking "why is inflation so bad right now, damn Biden!" I always say "Remember those Trump era tax cuts? We're paying for them right now." This graph is proof of that.
Show threadLaffyMay 4, 2024
@starrwulfe And tariffs.
Show threadPeteMay 4, 2024
@GottaLaff @starrwulfe Not to mention corporate greedflation.
Show threadTC Won't Give In To LiesMay 4, 2024

@starrwulfe @GottaLaff
Good answer.

I just say, "Have you seen corporate profits? That's where those price increases went"

#InflationIsPriceGouging

Show threadTC Won't Give In To LiesMay 4, 2024

@GottaLaff
I love this graph and love Bregman.

I can't help thinking that the "great" era that the MAGA folks want to drag us back to is the far left side of the chart.

#TaxTheRich

Show threadLaffyMay 4, 2024
@TCatInReality Tariffs didn't help either
Show threadTC Won't Give In To LiesMay 4, 2024

@GottaLaff
True

I have mixed views on tariffs. They do serve a role in preventing job offshoring.

Show threadAaronMay 4, 2024
@GottaLaff We can (and should) complain about the Trump tax cut, but FFS, look at what Reagan did. Wow. Really pops on that graph.
Show threadthe_blackwell_ninja [EST]May 4, 2024
@aaron Reagan screwed this country so badly we're still feeling the effects more than 30 years on.
Show threadabsintheMay 4, 2024
@GottaLaff f reagan.
Show threadIronCladLouMay 4, 2024
@GottaLaff Like Reaganomics on steroids 🙄
Show threadxs4me2May 4, 2024
@GottaLaff Shameless grifters. Taxes are in fact solidarity and we see where they stand.
Show threadRodneyPetersonTalentAgencyMay 4, 2024

@GottaLaff

Not only Trump but all those Republican shitbags. He just happens to me even worse and far more obvious than the other shitbags.

Show threadLaffyMay 4, 2024
@RodneyPetersonTalent Absolutely
Show thread🇵🇸 Álvaro GonzálezMay 4, 2024
@GottaLaff Working class Americans, you'd better work harder. Someone's gotta pay all the Israel and it isn't cheap.
Show threadKniceStyleClipMay 4, 2024
@kAlvaro no idea what social impetus drove you to post that in this thread.
Show thread🇵🇸 Álvaro GonzálezMay 4, 2024
@GottaLaff I was being sarcastic about what kind of things that tax money is being spent for, what in my opinion adds insult to injury. It wasn't my intention to offend anyone the thread can reach.
Show threadRalph058 (S/he/it) AF4EZMay 4, 2024
@GottaLaff Who was elected in 1980? Oh. Yes. Another dementia case.
Note that Bill Clinton didn't do us any favors either.
Show threadDark HorseMay 4, 2024
@GottaLaff Stats don't bear that out though. Working people in general have done much worse under Biden as their wages no longer purchase as much.
Show threadLaffyMay 4, 2024

@darkhorse1 You know what doesn't bear out? Your timeline. Wow. No wonder you only managed to get 10 followers since 2023.

Congrats @darkhorse1 @linuxrocks.online! You're my first #Toodles of the day!

#WhackATroll

Show threadSoOverItMay 4, 2024
@GottaLaff I fully agree this dude is apparently living under a rock for the last year as far as inflation and dollar strength. I wish lack of followers wasn’t an insult, some of us more introverted people aren’t naturally social even on social media and don’t accumulate followers 🫤 or maybe it’s just me
Show threadLaffyMay 4, 2024
@SoOverIt I don’t consider it an issue unless it’s a troll. Then it becomes obvious why they have so few. Sorry that I offended.
Show threadTexty the BardMay 4, 2024
@GottaLaff Wow. Looking at that dude's posts... It's like a toot-by-toot GOP talking point machine. With some pro-Russia/anti-Ukraine stuff for good measure. Yikes.
Show threadLaffyMay 4, 2024
@textualdeviance Right?
Show threadBruce Heerssen May 4, 2024
@textualdeviance @GottaLaff
I wonder how many people have This Guy blocked. Besides me, that is.
Show thread🇪🇺 Paul Schoonhoven 🍋🍉May 5, 2024

@bruce @textualdeviance @GottaLaff when reporting we need a 'Russian troll/Russian agent' checkbox.

#Mastodon

Show threadcohomology is FUN!May 5, 2024
@bruce @textualdeviance @GottaLaff 🙋🏽‍♂️
Show threadAmoshiasMay 4, 2024
@darkhorse1 @GottaLaff please present your stats!
Show threadMcSkinneyMay 4, 2024

@Amoshias @darkhorse1 @GottaLaff

She got it from NYT today
https://www.nytimes.com/interactive/2024/05/03/opinion/global-billionaires-tax.html?smid=nytcore-ios-share&referringSource=articleShare
Sorry, behind paywall

Opinion | It’s Time to Tax the Billionaires

Billionaires are experts at avoiding taxes. By banding together, countries can make them pay up.

The New York Times
Show threadJakeQuokkaMCMMay 5, 2024
@darkhorse1 @GottaLaff much worse that what? The trump years of zero interest rates, trade wars and tariffs and covid created the mess we are still recovering from.
Show threadDark HorseMay 12, 2024

@JakeQuokkaMCM @GottaLaff

Well, even CNN stated the economy was growing and inflation was low when Trump left office. The buck stops in the Oval Office as Truman said, and voters are right to judge Biden based on how things have gone since he took office...

Show threadKeith MannMay 4, 2024
Those low income earners keep earning less while the rich keep earning more. Clearly, therefore, we have to drop the tax rates for the rich and raise them for others. I mean, do you expect the rich to pay more dollars in taxes while others pay less simply because they're keeping more corporate earnings instead of paying their workers? Pshaw. Next thing you'll tell me is that trickle-down is a myth.
Show threadSearingTruthMay 4, 2024

@GottaLaff

"Economies don't trickle down, they bubble up."
SearingTruth

Show threadAviva GaryMay 4, 2024
@GottaLaff I mean true... but if you read this graph the die was cast in 1980... 👀
Show threadDeven PhillipsMay 4, 2024
@GottaLaff
Now I better understand why so many Republicans loved Ronald Reagan
@jitterted
Show threadTed M. YoungMay 4, 2024

@infosec812 @GottaLaff

"Trickle down economics" says it all.

Show threadfloydgumpMay 4, 2024
@GottaLaff More greed is always their answer,no solutions just more for them.
Show threadLaffyMay 4, 2024
@gumpfloyd That and power.
Show threadfloydgumpMay 5, 2024
@GottaLaff Money is power in this twisted hell.Money influences just about every decision man has ever made.
Show threadNicole ParsonsMay 4, 2024

@GottaLaff

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

Show threadLaffyMay 4, 2024
@Npars01 Yep, and that's on a slow day.
Show threadBen RamseyMay 4, 2024

@Npars01 @GottaLaff > they'd probably have gotten away with it

Have they been held accountable yet?

Show threadNicole ParsonsMay 5, 2024

@ramsey @GottaLaff

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.

Biden’s billionaire tax proposal, explained

The new proposed budget would have billionaires and multi-millionaires footing the bill in an attempt to reduce the federal deficit.

Vox
Show threadPollyMay 5, 2024
@Npars01 @ramsey @GottaLaff Close the Carried Interest loophole. Private Equity and Venture Capital (and the concept of Carry) is so specific to millionaires and billionaires that even your run of the mill tax accountants don't know about it. We were at least talking about this in 2022.