Several years ago I came across a graph showing relative tax revenues collected from companies and individuals. I don’t remember the details, but there was a time when the tax revenues came mostly (or maybe equally?) from corporate taxes and now they come mostly from personal income taxes.
It seems to me that going back to that would be a good place to start. Once we have companies paying for the systems that allow them to thrive, we can tackle personal wealth/income taxation disparities.
Yup. We literally can’t balance the budget with the regressive systems (WA and TX especially where there’s no income taxed at all, and everything is built on sales and property taxes because fuck you rich people can afford more lobbyists) in place; the disparity between the ultra rich and poverty grows further every day.
Several years ago I came across a graph showing relative tax revenues collected from companies and individuals. I don’t remember the details, but there was a time when the tax revenues came mostly (or maybe equally?) from corporate taxes and now they come mostly from personal income taxes.
It seems to me that going back to that would be a good place to start. Once we have companies paying for the systems that allow them to thrive, we can tackle personal wealth/income taxation disparities.
Yup. We literally can’t balance the budget with the regressive systems (WA and TX especially where there’s no income taxed at all, and everything is built on sales and property taxes because fuck you rich people can afford more lobbyists) in place; the disparity between the ultra rich and poverty grows further every day.