agree and they give away lots of "fat" in their private contracts. if e.m. were really about efficiency that is where he would start .... I wonder how much we (the tax payers) are paying for his (e.m.'s) office space next to the white house ...?
1/4🚨💸FUCKING GET REAL, AMERICA🤯! We're not in debt because of Social Security & Medicare, you damn idiots🙅♂️. It's because those fucking RICH ASSHOLES🤑aren't paying their #FairShare 🤬 in taxes. Time to stop blaming the vulnerable & start holding the 1% accountable, you fucking cowards💸 #TaxTheRich
2/4 📊💰 THE NUMBERS DON'T FUCKING LIE 📊, you numbskulls 🤑. Billionaires and millionaires are making BANK 🤑 while the rest of us struggle to make ends meet, & it's a fucking SHAME 🤕. It's time to CLOSE THE LOOPHOLES🚫 & make them pay their fair share of taxes, you hear me? 📈 #TaxReform #EconomicJustice
3/4 🤬👊 STOP THE BULLSHIT 🚮, already! #SocialSecurity and #Medicare are not the problem, you dumbfucks 🙄. They're not the ones bankrupting our country, it's the CORPORATE WELFARE 🤡 and TAX EVASION 🚫 that's killing us, you fucking idiots 💀. Let's get our priorities straight, for fuck's sake 📈
4/4💪🏽🇺🇸 IT'S TIME FOR A FUCKING CHANGE🔄, America 🇺🇸! We need to stand up to those wealthy FUCKERS 🤑 and demand a FAIRER TAX SYSTEM 📈. We owe it to ourselves, our children, and our future, so let's get to it, you fucking patriots. Let's make it happen, and make those rich assholes pay their #FairShare 💪🏽
These people and the politicians in there pockets ,both Republicans and Democrats have never cared about the wellbeing of the American people. All money has to be removed from politics!
Definitely the Rupublicans and their supporters on The Supreme Court. How hard have the Democrats fought this and the dark money that has entered the process. Instead they chose to be part of the Super PAC — Dark Money way of thinking. Understandable but so demoralizing.
Actually I think it's currently $39 T ($4T is the cost of Israel) but I agree. Guess who is the creditor? China ,& Americans are paying 4,85% interest rate on it.
Also, because millionaires and billionaires have manipulated our socio-economic system and our government so that they profit off of our tax dollars—it’s not JUST that they don’t pay taxes themselves.
Trump’s first tax cut for the wealthiest 1% resulted in our highest deficit EVER.
Now, key recipients are wielding overwhelming influence in his current administration’s criminal enterprise.
Debby, what you said is really stupid.
The debt is caused by overspending!
Metaphor: it’s like having a wife who constantly overspends and you are trying to figure out how to not lose the house.
As a society, we need to stop idolizing the extreme collection of money.
Once a personal net worth is higher than 100x the poverty level, income should be highly taxed or society pressure to help others instad of adding to net worth.
Fun Fact 28:
During Ronald Reagan's presidency, the federal debt tripled -- because of Reagan's tax cuts for wealthy -- from $738 billion to $2.1 trillion. This led to the U.S. moving from the world's largest international creditor to the world's largest debtor nation.
#FUNFACTS
I can't stand the fact that the press barely gives the issue any coverage. They insist on playing a game where whoever is in power is responsible for inflation and the economy when their policies can do little to effect either one. It is all they talk about.
I honestly don't know if your post is right or wrong and I see this a lot. But this guy paid a lot! In 2021, CNBC estimated that the billionaire stood to pay $15 billion in state and federal taxes from selling Tesla shares he “paid the most taxes ever in history” that year.Dec 16, 2024
And how much did trump pay?
He tells everyone, every chance he gets. Look it up.
HE PAID $750.00 - YES, SEVEN HUNDRED FIFTY DOLLARS
On his millions of dollars income.
My income is $200 over poverty line. I paid $1,367.00 in taxes.
It's amazing how much we pay. I would love to see a 10% tax across the board and let the government actually create a budget and let them adjust to the actual tax payers.
I totally agree! It's still mind boggling on how many average people paying taxes it would take to reach $15,000,000,000 in tax revenue. And that is just one billionaire.
I wish someone came up with a way, to teach government in a fun easy way. Many don’t have a clue how it works. That is why they are easily manipulated. Remember the “I’m just a bill”? We need that, urgently. https://youtu.be/SZ8psP4S6BQ?si=KnThRPazV2qhZpW_
This whole thing with the taxes is disgraceful. I cannot fathom the stupidity of those who continue to vote for more tax cuts for the top 5%. MAGA, and MAGA adjacent. Really.
Robert Reich said it best “It’s not the Left vs the Right, or Democrats vs Republicans. It is now about The American People vs the Greedy, Egotistical Billionaires
Actually, there’s more to it. Businesses ‘suddenly’ became too big to fail and receive ENTITLEMENTS. Musk and other toddlers get mega money (and even gov’t secrets) to build space rockets that are ‘fun to watch explode’ on the taxpayers dime. The military is awarded big bucks even if they don’t ask.
I saw something that said the 1% net worth is made up of mostly assets. They are only taxed on the money they made. Assets don’t count as money made. If that’s true, it explains a lot imo.
It's all gaslighting and manipulation by the elitist predatory class to make people think it matters. We print our own money and the value is fucking arbitrary. Just like this capitalist hellscape system - it's made up, fucked up, and therefore, can be dismantled and recreated to benefit everyone.
52+ trillion in 8 REPUBLICAN tax cut bills & you still pay roughly the same or more in taxes but these 1%'ers of the 1% are paying way less & most pay NOTHING AT ALL! THIS IS WHY THESE NEO-CON 1%'ERS HAVE BEEN DIVIDING & LYING TO WE THE 99+% OF U.S. WE AMERICAN PEOPLE & IN SYNC FOR 50 YEARS!
No politician has ever sat us down to clearly explain that taxes are the price we pay to live in a theoretically functional society. It's the equitable levying of taxes which is the issue. In contrast and as an example, Somalia has low taxes and few regulations.
Looks like all those billionaires are gonna be laughing all the way to the bank! And meanwhile, their evil plan is to bankrupt the middle and lower class! So we all can be subservient to these assholes!
Plus the trillions in losses that still haven’t been recouped from the GFC, caused by corporate greed and Wall St and that set the scene for the rise of the far right globally.
SS is all I have to live on after working since high school. My COLA this year is $2 a month. Don't get me wrong, I'm grateful for it, some are getting less than last year due to the hike in Medicare. But still, it's absolutely no help in trying to pay for things now days.
It's amazing how confused we are about things we PAY for and are entitled to. SSA is PRIVATE insurance managed by the Government for all individual citizens. PAID FOR! Congress decided it was O.K. to BORROW from the SSA Trust Fund, that is paid for by all of us EXCEPT BILLIONAIRES.
Not just Billionaires not paying their fair share into OASDI. Anyone making over $176,100 a year aren't paying their fair share in. All compensations, without limit, should be fully subject to FICA. Including non-cash compensations like stock options. Tax them like cash when they are awarded.
It is an entitlement. We are entitled to that money because it’s ours. The gov’t just jumped on the cultural bandwagon that started using “entitled” to talk about bratty kids and conflated the two terms.
That’s true. I don’t think of it as entitlement as such, tho, because of the way the word is used by republicans, colloquially these days. I believe that’s what they mean. Not the correct use.
I believe that a flat tax - say, 20% would be fair. (BTW - I pulled that number out of my ass.)
No write-offs. No buying tax laws. No bullshit.
The rich pay a bunch.
The poor pay almost nothing.
But it’s FAIR.
The flat tax number generally agreed upon is 15%, so not far off.
With a top tax bracket >70%, the middle class was burgeoning and the American Dream was real. The argument that the 1% pays 60% of taxes in the U.S. is not a win. The 1% should pay 99% of the taxes because that’s what they pocket.
This is so true, but we cannot breakthrough because the evil billionaire are controlling the media and the stupid people vote against their own interests to support them.
A solid share of the "debt" IS social security. But, that is by design - literally, not a conspiracy. To prevent the corruption of entanglement with private markets, the Trust Fund is invested only in US treasury instruments.
Yep! And they fixed it so the SSN funds can be pilfered by any Congress. How because the money collected for SSN and Medicare are put into treasury bonds and that is the general fund. So when they take money out of the “general fund” they can say we didn’t touch your SSN/Medicare money!
Didn't Elon say he would pay to end world hunger if he had a number, was provided said number and then ignored it?
The amount for that alone would've been chump change to him. Billionaires should be illegal. They will never spend that amount in their lifetime. Tax them! They don't need that money.
I tell people this all the time: America’s tax code isn’t the way it is because poor people have enough disposable income to influence politicians in their favor.
The debt is payable in US dollars and because the US controls the printer, it can literally pay the entire debt tomorrow.
MMT says it's fine to take on debt under to invest in the nation and its people to grow the economy. But not because billionaires are too greedy to pay taxes.
Printing more money reduces the value of that money. If that wasn't the case, it would be exceedingly simply for any gvmt to simply keep printing more.
And remember, the debt has to be in a currency you control. It's why most countries with debt to the US or China couldn't just print their way out of it.
But that said, adding to the money supply and balancing that against inflationary pressure is exactly what many governments do including the US.
Yes and no. MMT has proven that an introduction of new capital below a given threshold of GDP doesn't adversely impact inflation. It's when you introduce it all at once (covid stimulus) that it's problematic.
The US has been adding to the money supply for decades with fairly low inflation.
came here to say the same. the govt doesn’t have debt. what we call debt is an accounting rule about how much of the money the govt spent into existence should be left in our bank accounts. most importantly, we are not dependent on billionaires to nice things.
This is accurate, they have found out how to work the system from owning their own business. A W2 employee is beholden to the law and rules. It’s a gross misinterpretation of the intention of our constitution.
The military budget is NOT the problem.
Almost all of that money gets put back into the American economy.
The problem is the greed of the people who, no matter how much they have - more than they and their great-grandchildren could ever spend in 100 lifetimes - will NEVER be satisfied.
They don’t hire more people, or give people raises or better benefits. They take the money to the bank, and look at the list of World’s Richest People to see where their name is.
Its so nauseating. Debt = when income minus expenses is less than zero. They want to nibble at expenses, and ignore income and just as much on other pet projects and claim that is the Dems fault.
Example: SNAP/SSDI/Medicaid versus "the wall" or the final solution to immigration.
And when MAGAP adds another $8Trillion to the deficit, he will switch from the dollar to crypto and we will all be left with nothing. Explain that to your MAGA buddies. Then it will be one side against the oligarchs.
Comments
Bush turned that into the biggest deficits in history, and Trump's were even bigger.
As a retiree, I pay about 10 times the tax rate that Elon Musk does.
That is the problem, not Social Security.
https://www.macrotrends.net/global-metrics/countries/USA/united-states/military-spending-defense-budget
Now, key recipients are wielding overwhelming influence in his current administration’s criminal enterprise.
The debt is caused by overspending!
Metaphor: it’s like having a wife who constantly overspends and you are trying to figure out how to not lose the house.
Once a personal net worth is higher than 100x the poverty level, income should be highly taxed or society pressure to help others instad of adding to net worth.
How about if we compost 98% of their money, and watch them suffer with only 100-times what you and I have?
Fun Fact 28:
During Ronald Reagan's presidency, the federal debt tripled -- because of Reagan's tax cuts for wealthy -- from $738 billion to $2.1 trillion. This led to the U.S. moving from the world's largest international creditor to the world's largest debtor nation.
#FUNFACTS
It’s because rich don’t pay ANY Taxes.
They used to when we had a government
Remember?
Trump’s tax records showed that he paid $750 a few years ago.
750. Not 750k or 750m.
750 dollars
(He paid more than that for a toilet seat.)
That is the problem, it's a death cult.
He tells everyone, every chance he gets. Look it up.
HE PAID $750.00 - YES, SEVEN HUNDRED FIFTY DOLLARS
On his millions of dollars income.
My income is $200 over poverty line. I paid $1,367.00 in taxes.
Tell me how that's right.
Wait, I don't mind paying taxes but I feel the ultra wealthy should pay their fair share too!
REAGAN -$10 Trillion
G.W. BUSH -$8 T
TRUMP - $2 T
How do they want to make up the deficit? Take our SS, Medicare, SNAP. So, they can line their pockets.
She said what she said!!!!!
I don't want to hear about this MF even for 1 seconde !!!!
DON'T SWALLOW THE MAGAt KOOLAID.
#TaxChurches
It has a lot in common with race warfare
The people who watch Fox News are confused.
I believe that a flat tax - say, 20% would be fair. (BTW - I pulled that number out of my ass.)
No write-offs. No buying tax laws. No bullshit.
The rich pay a bunch.
The poor pay almost nothing.
But it’s FAIR.
With a top tax bracket >70%, the middle class was burgeoning and the American Dream was real. The argument that the 1% pays 60% of taxes in the U.S. is not a win. The 1% should pay 99% of the taxes because that’s what they pocket.
A solid share of the "debt" IS social security. But, that is by design - literally, not a conspiracy. To prevent the corruption of entanglement with private markets, the Trust Fund is invested only in US treasury instruments.
It could be otherwise. But should it?
Seems so simple!!
The amount for that alone would've been chump change to him. Billionaires should be illegal. They will never spend that amount in their lifetime. Tax them! They don't need that money.
MMT says it's fine to take on debt under to invest in the nation and its people to grow the economy. But not because billionaires are too greedy to pay taxes.
Someone who gets it!
But that said, adding to the money supply and balancing that against inflationary pressure is exactly what many governments do including the US.
The US has been adding to the money supply for decades with fairly low inflation.
Almost all of that money gets put back into the American economy.
The problem is the greed of the people who, no matter how much they have - more than they and their great-grandchildren could ever spend in 100 lifetimes - will NEVER be satisfied.
Not all, but most.
They don’t hire more people, or give people raises or better benefits. They take the money to the bank, and look at the list of World’s Richest People to see where their name is.
Corporations, LLCs, all of it should be on a harsh progressive tax scale.
It's sad that investors get more reward from companies than employees.
Example: SNAP/SSDI/Medicaid versus "the wall" or the final solution to immigration.