Such one dimensional thinking. If you really believe that this bill will cause no impact on average people (99% of population), you are living in alternate reality like “someone”.
.01% of 1% of US population is 329 people. Are you saying BBB bill only increases taxes on 329 people to pay for all our electric cars and who knows what else?
Yes. Let’s tax the top 300 people at 70% and see how much revenue that’ll generate. I bet it’ll cover a fair bit of the EV credit.
I hope you are being sarcastic. If not, well… rich people have enough resource, connection, and power to avoid being taxed that much.
Hell, let’s just do the top 15 in the country, not on their total wealth but just the wealth they accumulated during the pandemic. And let’s just do 30%.
inequality.org
That’s was the point I made earlier. No one needs to look out for them. But if we can close those loopholes, well, things might just get a little better for everyone.
Sorry. You’re right. My point wasn’t about the top .01% buying anything because of a tax credit. It was in response to someone bemoaning how the credits would be paid for. That got lost in the replies along the way.
No offense to you but the tax situation is all BS. 1%'ers should not be singled out just because they are 1%. What the gov should have been doping all along is making/forcing them to pay their fair share. Is that really so hard to do? If it was so damn hard to do you think a silly tax like this is fundamentally fair? If these ppl weren't paying their fair share before, you think they'd capitulate and pay now when it's obviously not fair and targeting them specifically? Close the damn loopholes and stop going after the middle class. The ev rebates, personally I find the limits to be insulting but that's a whole different topic.
Those people create livelihoods of thousands people. Without them we would have many more looters and freeloaders. They pay already way more than most of the Americans. Rant over. Try and create your own business that will support thousands of people and then report back.
Good for them. But there’s nothing anyone does that should increase their wealth in 19 months by an average of $50 billion. Nothing. And I’m not saying they should have to pay it all in taxes. Just the 30% rate that you and I pay.
True. And we have a government that’s authorized to collect taxes on those earnings. There’s no disagreement here.
Lol. Why stop at 70%? Just take 100% of their money and all of our problems will be solved.
This is such a common strategy when talking about raising the tax rate. Carry it to an absurd point to stifle the discussion. I’m not interested in that. A 30% tax rate is perfectly reasonable and I’m not suggesting anything more, really.
That'd be true if it weren't a standard practice to borrow against those stocks to have money to spend.
