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These are the stupid ideas the Democrats come up with. There are three billionaires in Oregon. Three. If this passes I suspect they will just move.
At the federal level, this would be unconstitutional.
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The great depression did not end because of any of the social security programs. It ended because of ww2 (most of those programs were suspended or eliminated to support ww2).
Since lefties will claim otherwise.
Despite all the President’s efforts and the courage of the American people, the Depression hung on until 1941, when America’s involvement in the Second World War resulted in the drafting of young men into military service, and the creation of millions of jobs in defense and war industries
https://www.fdrlibrary.org/great-depression-facts#:~:text=Despite all the President’s efforts,in defense and war industries.
You realize ending fossil fuel subsidizes will impact the poor the most?
Does it? I hear that, buy why/how does it impact the poor the most? I mean…aside from the fact that they have relatively less money anyway because economic institutions ensure they do…how else are they impacted?
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I don’t mind paying taxes for things like roads, water, etc. Those are things we all need.
I am against wealth distrubution. I don’t even mind social safety nets but we allow people to abuse them.
The government shouldn’t be taking my money and sending it to someone else who didn’t earn it. That doesn’t create success.
If welfare was successful then why haven’t we seen poverty eliminated? All it does is keep people on welfare and not being productive members of society.
It can’t. Social security is done by the Feds.
It’s against the constitution to tax wealth. The second someone tried to pass that, it would be struck down by scotus.
At most a state could do it and they’d lose the billionaires.
To do this they’d have a pass an amendment and there is zero chance they’ll happen.
And when have democrats radically raised taxes? Trump was the last one to screw with high income tax earners with the salt limit
https://www.ntu.org/foundation/detail/is-a-wealth-tax-constitutional
https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class
https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/
“The overhaul was forecast to raise the federal deficit by hundreds of billions of dollars—the Congressional Budget Office estimating $1.9 trillion—over the coming decade.”
“For the wealthy, banks, and other corporations, the tax reform package was considered a lopsided victory given its significant and permanent tax cuts to corporate profits, investment income, estate tax, and more. Financial services companies stood to see huge gains based on the new, lower corporate rate (21%), as well as the more preferable tax treatment of pass-through companies.3 Some banks said their effective tax rate would drop under 21%.”
https://www.americanprogress.org/article/tcja-2-years-later-corporations-not-workers-big-winners/
Maybe you don’t understand what salt is.
ALso look at revenues. They went up after the cuts.
https://www.thebalancemoney.com/current-u-s-federal-government-tax-revenue-3305762#:~:text=U.S. Tax Revenue by Year , %243.33 trillion 56 more rows
The issue isn’t revenue. It’s spending. We spend too much money.