Reminder that during what many consider America’s middle class golden age for a couple decades after WW2 we were TAXING THE EVERLOVING FUCK OUT OF RICH PEOPLE.
Then, surprise surprise, the rich people started buying off politicians to change all that.
we were TAXING THE EVERLOVING FUCK OUT OF RICH PEOPLE.
Tax avoidance during this period was also at historic highs. One of the perks of the payroll tax was that it collected at the point of the employer rather than being paid directly by the employee. This put the liability for missed payments on the business (which is risk averse) rather than the individual (which often is not) and shrank the labor required for administration from “everyone with an income” to “everyone who pays a salary”.
Curiously, we choose not to do this for stock transactions and other big ticket revenue generating sales. Rather than demanding Wall Street assume liability for the vast number of brokerage sales the big clearing houses oversee, we politely ask that each individual stockholder report gains and losses at the end of the year. Private businesses are even worse. Rather than assessing their revenues through the major transaction arteries - banks and commodities/wholesale exchanges - we wait for businesses to self-report.
All this creates enormous blind spots in how taxation is accessed and collected in a way that practically invites business owners (especially small and low-volume business owners) to lie, cheat, and steal.
EAT. THE. RICH.
It’s a great bumper sticker slogan. But I don’t see any blood on your gums.
I’ve had the desire to write a satirical swiftian letter to the editor to a national paper talking about how to tax Americans “fairly” where every single American pays the same amount in taxes regardless of age and income. Billionaires and babies owing the same amount, some ridiculous amount like $50k per person. Then I realized some people might take it as an actual suggestion and try to put it into practice.
Reminder that during what many consider America’s middle class golden age for a couple decades after WW2 we were TAXING THE EVERLOVING FUCK OUT OF RICH PEOPLE.
Then, surprise surprise, the rich people started buying off politicians to change all that.
EAT. THE. RICH.
They are blood sucking leeches.
Tax avoidance during this period was also at historic highs. One of the perks of the payroll tax was that it collected at the point of the employer rather than being paid directly by the employee. This put the liability for missed payments on the business (which is risk averse) rather than the individual (which often is not) and shrank the labor required for administration from “everyone with an income” to “everyone who pays a salary”.
Curiously, we choose not to do this for stock transactions and other big ticket revenue generating sales. Rather than demanding Wall Street assume liability for the vast number of brokerage sales the big clearing houses oversee, we politely ask that each individual stockholder report gains and losses at the end of the year. Private businesses are even worse. Rather than assessing their revenues through the major transaction arteries - banks and commodities/wholesale exchanges - we wait for businesses to self-report.
All this creates enormous blind spots in how taxation is accessed and collected in a way that practically invites business owners (especially small and low-volume business owners) to lie, cheat, and steal.
It’s a great bumper sticker slogan. But I don’t see any blood on your gums.
Neither yours. I have visible, physical scars from fighting against capitalism and fascists. I don’t wanna eat them, I want them gone.
I’ve had the desire to write a satirical swiftian letter to the editor to a national paper talking about how to tax Americans “fairly” where every single American pays the same amount in taxes regardless of age and income. Billionaires and babies owing the same amount, some ridiculous amount like $50k per person. Then I realized some people might take it as an actual suggestion and try to put it into practice.
It was a tactical decision to turn people off of socialism/communism.
I think you’ll find it’s no longer needed.
If anything it did the opposite!
A lot of the yanks still hate communism.
I mean Zohran Mamdani’s victory seems to show a developing change.
He’s a capitalist.
This, 100% this.
Was this after the green new deal?