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it's pretty silly. If you increase the corp tax rate, it's gonna come from somewhere. If you start taxing even net income higher, that shrinks the pool for capex and other stuff that people actually like
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@smith remember, in most of these cases the "wealth" that is owned is not raw cash or even simple things like goods.
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@sickburnbro The US has ~270 trillion in total asset wealth of which more than half is owned by the top 1%. Just seize some of that. Not like income's the only thing you can tax.
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@smith right, but the problem here is that without cash or something easily saleable, those aren't useful for plugging the gaps mentioned above.
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@sickburnbro Of course. I'm talking about public infrastructure. Stuff like the port of los angeles. Taxes built that now all the profits get privatized. That is a US national resource that needs to fund national interests. Nobody has a "right" to privately own it.