GOP tax scam pays off bigly for the Rich

[Jhhnn]

That's right, boys & girls. The more you make, the lower your taxes-

But the second half of the 20th century was mostly a victory for the low-tax side. Companies found ways to take more deductions and dodge taxes. Politicians cut every tax that fell heavily on the wealthy: high-end income taxes, investment taxes, the estate tax and the corporate tax. The justification for doing so was usually that the economy as a whole would benefit.

The justification turned out to be wrong. The wealthy, and only the wealthy, have done fantastically well over the last several decades. G.D.P. growth has been disappointing, and middle-class income growth even worse.

Opinion | The Rich Really Do Pay Lower Taxes Than You (Published 2019)

The 400 wealthiest Americans now pay a lower rate than the middle class.

www.nytimes.com

 

[ch33zw1z]

Huzzah! Lets celebrate with another round of tax cuts for the wealthy, they deserve it!

 

[JEDIYoda]

They are laugh8ing all the way to the bank!!!

 

[rommelrommel]

They are laugh8ing all the way to the bank!!!

All the way to the bunker on their private island to ride out the next revolution.

 

[DarthKyrie]

Huzzah! Lets celebrate with another round of tax cuts for the wealthy, they deserve it!

They worked hard for those riches, stealing from your fellow Americans is hard.

 

[Indus]

They are laughing all the way to their bank!!! condo full of blonde and ebony hookers, private jets, yatchs and spending their other time gambling on championships by buying sports teams

FTFY

 

[balloonshark]

If the tax cut were to create jobs then why didn't they give them to companies that hire US workers? The cuts could have been tiered with the largest going to those who hire full time employees with healthcare and other benefits. Instead what we got were cuts going to wealthy folks whose only creation involves creating even more wealth for themselves.

Let's also not forget with more money comes the ability to acquire more power by giving money to politicians. It's a viscous cycle that does harm to the majority of Americans.

 

[nickqt]

That's right, boys & girls. The more you make, the lower your taxes-

Opinion | The Rich Really Do Pay Lower Taxes Than You (Published 2019)

The 400 wealthiest Americans now pay a lower rate than the middle class.

www.nytimes.com

The only polices the GOP actually cares about are giving their donors more ownership of the country, and deregulating laws so that they can give their donors more ownership of the country.

Everything else is to get the cucks to scream and salivate and vote for them.

 

[Jhhnn]

If the tax cut were to create jobs then why didn't they give them to companies that hire US workers? The cuts could have been tiered with the largest going to those who hire full time employees with healthcare and other benefits. Instead what we got were cuts going to wealthy folks whose only creation involves creating even more wealth for themselves.

Let's also not forget with more money comes the ability to acquire more power by giving money to politicians. It's a viscous cycle that does harm to the majority of Americans.

Rich people didn't need tax cuts. They didn't need them back in 1981, either, when all this trickle down Reaganomic voodoo started, either. It's called winning at class warfare & they'll keep right on winning so long as the GOP can work their culture war bullshit on the electorate.

 

[dawp]

All the way to the bunker on their private island to ride nubile young women.

fixed.

 

[woolfe9998]

This is another reason why the dems must retake the Senate next year. They can do wonders in the area of taxation with budget reconciliation.

 

[Genx87]

I thought we wanted to be more like Europe? Step one, have a corporate tax rate like Europe.

 

[fskimospy]

I thought we wanted to be more like Europe? Step one, have a corporate tax rate like Europe.

Odd that in our quest to employ a tax scheme more like Europe we decided to only implement the parts that gave rich people more money. I’m as shocked as anyone, haha.

 

[s0me0nesmind1]

I thought we wanted to be more like Europe? Step one, have a corporate tax rate like Europe.

Odd that in our quest to employ a tax scheme more like Europe we decided to only implement the parts that gave rich people more money. I’m as shocked as anyone, haha.

lol if we want to mimmic Europe then we would need to decrease corporate tax rates.

We would also have to substantially increase income taxes on the poor and middle class - and also implement a regressive Value Added Tax.

But hey, people don't want to educate themselves on what the taxation is like in Europe - they just like to point fingers and say "WE SHOULD BE LIKE THEM!"

 

[fskimospy]

lol if we want to mimmic Europe then we would need to decrease corporate tax rates.

We would also have to substantially increase income taxes on the poor and middle class - and also implement a regressive Value Added Tax.

But hey, people don't want to educate themselves on what the taxation is like in Europe - they just like to point fingers and say "WE SHOULD BE LIKE THEM!"

Not really. When people say we should be like Europe they don't only mean the tax half of the equation, they mean the entire fiscal equation and you know it. It's irrelevant if we jack up taxes on the poor and middle class if they are getting larger net fiscal transfers/benefits. After all your wallet doesn't care where the dollar came from, just that it's there. It's exactly because people ARE educated as to the situation in Europe that they say we should be more like them because the net effect is a more equitable distribution of income and wealth.

 

[HomerJS]

GOP base officially cast as the suckers they are.