jeffw@lemmy.world to politics @lemmy.world · 9 months agoBiden Is Breaking Campaign Rule No. 1. And It Just Might Work.www.nytimes.comexternal-linkmessage-square68fedilinkarrow-up1105arrow-down116
arrow-up189arrow-down1external-linkBiden Is Breaking Campaign Rule No. 1. And It Just Might Work.www.nytimes.comjeffw@lemmy.world to politics @lemmy.world · 9 months agomessage-square68fedilink
minus-squarecrusa187@lemmy.mllinkfedilinkarrow-up3arrow-down1·9 months agoRemove the cap on social security taxes (160k), and the program will be fully funded in perpetuity. Implement a wealth tax on those with, say, over 10 million in assets. Increase the corporate tax rate to 50%, and remove all loopholes allowing them to offshore earnings. Remove the cap on inheritance tax, as this is one of the primary drivers of wealth inequality today. These would be a good start.
Remove the cap on social security taxes (160k), and the program will be fully funded in perpetuity.
Implement a wealth tax on those with, say, over 10 million in assets.
Increase the corporate tax rate to 50%, and remove all loopholes allowing them to offshore earnings.
Remove the cap on inheritance tax, as this is one of the primary drivers of wealth inequality today.
These would be a good start.