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timeasmymeasure
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Date: 2025-03-23 03:56 pm (UTC)The problem, of course, is the rich don't want to have to pay any taxes at all, and can afford the tax lawyers and accountants to make it so. When the USA had 90% tax on the rich back in the '40s, we still had phenomenally rich people, we also had a much narrower gap between the rich and poor, and a very prosperous country. Not so much anymore, and the rich are still sinking their money into off-shore tax havens.
We need to start progressive taxes so that the tax burden is lightened on the poor and lower classes and increased greatly on the wealthy and rich. In the USA, that includes uncapping Social Security taxes so that the rich continue to pay into it. We need very serious tax reform so that the Borrow, Buy, Die paradigm is broken and the rich get taxed on income like everyone else.
We're going to have an insane number of awfully fat leopards before all this is over.