I think there should be more, harsher, brackets as you go up.
I also think we should probably tax unrealized gains. Or do something about like “I get a loan against untaxed assets” stuff that let the rich enjoy their wealth without paying for it.
But even all of that aside: People should pay their taxes because they benefit from it! Everyone benefits from functional fire departments! And libraries, and roads, and buses, and so on! And since taxes are percentage, the poor people are typically paying less already. (The part where some rich don’t technically have “income” should be patched)
I have a little more sympathy for people who are making 50k/year that feel like their tax burden is too high. But people making $200k/year can fuck off about that.
(Also I think a lot of the squeeze now is from rent and food costs being unchecked)
I mean, there’s definitely inefficiencies and outright corruption, but I don’t think they justify a switch to full on libertarianism or anarcho-capitalism or whatever. Those policies definitely will not invest in public infrastructure or education.
In an unchecked anarcho-capitalist market, the economically disadvantaged are even more fucked. No social safety nets, no regulation on companies price fixing, monopolizing, etc. So using taxes as some scary Boogeyman just doesn’t make any sense. A strong welfare state is so much better for the little guy.
Their policies lead to bad outcomes. “We don’t need a fire department and I’m not paying for it” -> “oh shit our houses all burned down”.
It also tends to come off as deeply anti social, and not everyone is that way.
Removed by mod
That sounds like you change the existing progressive taxation system so the first chunk of income isn’t taxed at all. That’s not really a huge change
https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
I think there should be more, harsher, brackets as you go up.
I also think we should probably tax unrealized gains. Or do something about like “I get a loan against untaxed assets” stuff that let the rich enjoy their wealth without paying for it.
But even all of that aside: People should pay their taxes because they benefit from it! Everyone benefits from functional fire departments! And libraries, and roads, and buses, and so on! And since taxes are percentage, the poor people are typically paying less already. (The part where some rich don’t technically have “income” should be patched)
I have a little more sympathy for people who are making 50k/year that feel like their tax burden is too high. But people making $200k/year can fuck off about that.
(Also I think a lot of the squeeze now is from rent and food costs being unchecked)
Removed by mod
I mean, there’s definitely inefficiencies and outright corruption, but I don’t think they justify a switch to full on libertarianism or anarcho-capitalism or whatever. Those policies definitely will not invest in public infrastructure or education.
In an unchecked anarcho-capitalist market, the economically disadvantaged are even more fucked. No social safety nets, no regulation on companies price fixing, monopolizing, etc. So using taxes as some scary Boogeyman just doesn’t make any sense. A strong welfare state is so much better for the little guy.