“Tax the rich = end poverty” is a false equivalentcey. The top 1% already shoulder over 40% of income taxes. Poverty isn’t caused by the rich keeping too much—it’s caused by bad policy, bloated government, anti-growth regulation, and punishing the very people who create jobs.
Eliminate the enabling politicians that take money from the rich.
We have fully transitioned to a government that caters to the rich.
Imagine a political structure that prioritizes cutting health care, social security and food stamps just so our wealthiest can buy a 4th home or another yacht.
Wealthy people already pay the majority of income taxes—top 1% cover over 40% of federal income tax. Most “loopholes” are legal deductions used by everyone, not just the rich. Being loud isn’t the same as being correct.
Please don’t misunderstand, I disagree with your views, but respect them. It is my hopes, we can continue to maintain civility, you are a formidable debater, and I so enjoy our conversations. My friends are not always those who agree with me, you offer intelligent conversations, thank you.
I appreciate that—this is definitely where we 100% agree, lol! You've been the most positively refreshing conversation I’ve had on here, so thank you as well!
Granted, but “legal” does not mean “fair” or “equitable” worse are the criminal actions of Musk, Trump, DOGE, tariffs, and massive tax cuts favouring the “rich” that threatens the return of recession, if not depression, indeed loud does not mean correct, your final statement is irrelevant.
“Fair” is subjective—law isn’t. Top 10% pay over 70% of income taxes. Tax cuts boosted jobs and GDP pre-COVID. Musk and Trump haven’t caused a recession; inflation and debt-fueled spending did. Saying “inequity” doesn’t make bad economics right.
If this was “true” explain “why” the majority of the tax burden still lies with the lower 98% of the population who still in the 21st Century struggle to put “food on the table.”
Because you're confusing tax burden with life burden. The top 1% pay over 40% of federal income taxes. The bottom 50% pay ~3%. Struggling to put food on the table is a tragedy—but it’s not because the rich aren’t paying taxes. It’s because wages, cost of living, and policy fail the working class.
The argument is not the rich “paying taxes” it is the rich paying “enough taxes.” As for wages,etc, who pays the wages? The “rich” have “legal tax shelters” used to hide their wealth from taxation. Today, burdens increase by criminals like Musk,Trump, and “DOGE” and massive “tax cuts” explain?
The top 1% pay over 40% of all income taxes—how much more is “enough”? Legal deductions aren’t “hiding,” they’re the law, used by all income levels. Wages are paid by businesses that taxes punish. Blaming Musk or “DOGE” doesn’t fix ignorance of basic economics.
I’ve got other plans at this point. Taxing is the idea when I cared about saving the gov. Now, they don’t belong in this world with 7 billion people they are choosing to harm.
3,000 < 7 Billion
I know the right choice. Now it’s about the right leaders.
No, actually. We need to be creating worth and jobs. You could take all the rich people's money and not pay the debt. The poor people would use up whatever they got and then be poor again.
The problem with your logic is the people who run the companies and could create well paying jobs, dont. That is, they may create jobs, but they're taking all the wealth.
Now you have many of them firing employees and turning to AI and/automation.
What I said still stands in refutation of all of that. You can go to tech school and get trained in programming the AI and producing and maintaining the automation. Need to lose the victim mentality. There is no such thing as a free lunch.
Not exactly. You have to force the people getting rich off paying people low wages to increase the minimum wage. It’s currently $24.10 in Australia and goes up with the cost of living.
Comments
We have fully transitioned to a government that caters to the rich.
Imagine a political structure that prioritizes cutting health care, social security and food stamps just so our wealthiest can buy a 4th home or another yacht.
3,000 < 7 Billion
I know the right choice. Now it’s about the right leaders.
Now you have many of them firing employees and turning to AI and/automation.
So you tax the billionaires to make up the diff.