We view the late 40s through the 70s as a golden age for the American middle class. People raising families off a single income. Yearly vacations. Affordable higher education.
Know why?
We taxed the ever-loving fuck out of the wealthy back then.
Then the wealthy bought the politicians and stopped that from happening.
And now we’re all sad.
DO. NOT. VOTE. FOR. ANYONE. THAT. DOESN’T. RUN. ON. TAXING. THE. WEALTHY. MORE.
The pay gap between CEO and ordinary worker was the smallest back there, not because the taxes, there were less taxes back then, but because those CEO were decent people, not predatory like right now. Todays C-Suite are predatory people, they’re not humans, they’re money machines that need every penny. There should be law that don’t allow pay gap between CEO and ordinary worker to be greater than 100k USD or any other currency in other countries. Those who pursue luxury would say that’s very low. Yes it’s very low because everyone who works in successfull company deserve success. Not only small group on top. That is main difference between companies from 40s and 70s and companies right now.
Is absurd that we essentially have a regressive income tax.
I also wouldn’t ignore the global environment during that period.
During those decades, the US was effectively the only industrialized nation in the world. Everyone else either never had factories to begin with, or had smoldering piles of rubble where their factories used to be.
I found it astonishing that there isn’t even a 0% tax bracket anymore federally. It starts at 10% when you make your first fucking dollar. We’ve gone batshit backwards in this country to the point where we’re trying to get every last dime from poor people so we can almost afford to have buy-borrow-die oligarchs that never pay a penny in federal taxes.
We view the late 40s through the 70s as a golden age for the American middle class. People raising families off a single income. Yearly vacations. Affordable higher education.
Know why?
We taxed the ever-loving fuck out of the wealthy back then.
Then the wealthy bought the politicians and stopped that from happening.
And now we’re all sad.
DO. NOT. VOTE. FOR. ANYONE. THAT. DOESN’T. RUN. ON. TAXING. THE. WEALTHY. MORE.
The pay gap between CEO and ordinary worker was the smallest back there, not because the taxes, there were less taxes back then, but because those CEO were decent people, not predatory like right now. Todays C-Suite are predatory people, they’re not humans, they’re money machines that need every penny. There should be law that don’t allow pay gap between CEO and ordinary worker to be greater than 100k USD or any other currency in other countries. Those who pursue luxury would say that’s very low. Yes it’s very low because everyone who works in successfull company deserve success. Not only small group on top. That is main difference between companies from 40s and 70s and companies right now.
Is absurd that we essentially have a regressive income tax. I also wouldn’t ignore the global environment during that period.
During those decades, the US was effectively the only industrialized nation in the world. Everyone else either never had factories to begin with, or had smoldering piles of rubble where their factories used to be.
I found it astonishing that there isn’t even a 0% tax bracket anymore federally. It starts at 10% when you make your first fucking dollar. We’ve gone batshit backwards in this country to the point where we’re trying to get every last dime from poor people so we can almost afford to have buy-borrow-die oligarchs that never pay a penny in federal taxes.
Technically the standard deduction is the zero tax bracket.
Yep understood but there’s a reason they made the switch and that reason is so they can keep the shit they took out of checks of those who don’t file.
I’m sure they did the math on it, they’re sneaky assholes through and through.
Sales tax as well as VAT are also, by design, regressive taxes.
We turned the planet into a human labour farm.
Another liberal telling us to vote for Kamala just because her tax plan looks nice. Disgusting.
Hello dumb shit or rich person. STFU
Don’t vote for anyone, got it
It gets my vote!