🇱🇺Pinus Banksiana 🇺🇦
🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
Nov 27 at 5:34amWeb
Show thread🇱🇺Pinus Banksiana 🇺🇦Nov 27

More detailed info:

Introduction to Essential Living Threshold:
https://ohai.social/@JackPine/115621615128611332

How we calculate the “Avg. grocery‑share of disposable income for the bottom 99 %”:
https://ohai.social/@JackPine/115621659680917608

Summary of impact:
https://ohai.social/@JackPine/115621741477496111

🇱🇺Pinus Banksiana 🇺🇦 (@[email protected])

🚀 Introducing the “Essential‑Living Threshold” 🔹 What it is: A per‑person income level of ≈ $761 k – calculated as: Threshold = GDP per capita / Avg. grocery‑share of disposable income for the bottom 99 % In plain English: the amount a person would need to earn if the average 99 % of households spent the same share of their disposable income on groceries as they actually do. 🔹 Why it matters: Targets only the ultra‑rich – the top 1 % of earners face a 90 % 1/3

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