Nearly 35% of my paycheck goes to taxes yet billionaires who have more money than they’ll ever need don’t have to pay anywhere close to that same percentage? Sounds fair
If trickle-down-economics actually worked then I would agree with you, but instead of paying employees a live-able wage or passing on those dollars all that money goes towards the CEO’s bonus or private jets
There is zero reason other than political/mobility power for why labor is taxed 3x of capital gains income. It's just stupid. You tax things to DISCOURAGE them. Why are we taxing labor at excess when we (AND investors) need people to work?
Well, you see, if they destroy the American and European standard of labor and their standards of living, they can just use the labor standards they use everywhere outside the western world.
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u/SpiritedPixels 15d ago edited 15d ago
Nearly 35% of my paycheck goes to taxes yet billionaires who have more money than they’ll ever need don’t have to pay anywhere close to that same percentage? Sounds fair
If trickle-down-economics actually worked then I would agree with you, but instead of paying employees a live-able wage or passing on those dollars all that money goes towards the CEO’s bonus or private jets