Maybe it should be: " create l8ving wage jobs here in the United States equal to 50% of the money you 'make' a year, or we will tax you at the rates of the 1950's "
Thats a hoot. Business owners don't care about paying their employees more. That's why companies complain when they have to raise minimum wage. What they hate is doing the work themselves and would rather provide slave labor at nearly no extra cost.
Would taxing billionaires at higher rates collapse the job market?
Unlikely—there’s little evidence for that.
Most billionaires don’t create jobs based on marginal tax rates, and many already shelter wealth far from ordinary income taxes.
Reagan invented trickle-down economics. It didn’t really work out, but decades of lobbying sold the myth that billionaire wealth = freedom. Half the country now seems to think a trickle is still coming.
But I don’t think going back to the 1950s would work either👇
It's unfortunate more ppl do not have insight into cause and effect. They stubbornly follow their leader. This won't end well. Where is Edward Gibbon when you need him.
It’s time to have a flat income tax with an exception for the first $30-40k of income (inflation adjusted annually). No deductions no accountant games.
A flat income tax isn't fair—it ignores cost of living differences. Someone in a small town could live like a king, while someone in a city struggles, despite earning the same. It's not equal when expenses vary so much by location and cities generally have more people, colleges, businesses, etc..
They will create jobs. We shouldn't be paying for them. Millionaires like Besos are proof that they will hire to satisfy the business needs.
Our standard of living shouldn't go down while we are given bigger breaks for them to be wealthier.
Yeah the whole "they'll leave the country" or "move their business overseas" argument is invalid. Call that bluff. They WONT leave. You used infrastructure and labor to get rich, you're gonna pay for it like we do.
And if they did leave, America wouldn't forget-- boycott or tariff to destruction
Comments
Unlikely—there’s little evidence for that.
Most billionaires don’t create jobs based on marginal tax rates, and many already shelter wealth far from ordinary income taxes.
However….
But I don’t think going back to the 1950s would work either👇
“Those who cannot remember the past are condemned to repeat it.”
What worries me more is that this arc may be hitting modern discontinuities—unknown to Rome, and even to Gibbon himself.
“If my people… humble themselves and pray… I will forgive their sin and heal their land.”
Meanwhile, I just can’t see how anything in the message below helps move us closer to that kind of healing—or forgiveness.
Step 2: Erase it.
Peace
Tt's just a threat on your survival: "come for us and we'll take away everything you need"
I don't respond well to threats and demands from privileged rich folk or their bullshit.
Our standard of living shouldn't go down while we are given bigger breaks for them to be wealthier.
It works in one direction. If you increase taxes, corporations cut jobs.
If you decrease taxes, corporations buy capital.
And if they did leave, America wouldn't forget-- boycott or tariff to destruction