The entire thing needs to be burned to the ground and started fresh. We need to close the stock market as well, it only harms literally everyone that isn’t in the Investor class of humans. Figure out Capital a different way if need be, but the way we’re doing it is literally killing all of us, and the vast majority of species on the planet currently.
It has always been this way for thousands of years. Democracy changed the rules a bit, but it’s always been a battle between the meek and poor vs rich and powerful.
I don’t agree that “burn it all down” is the right solution, especially if we’re hypothetically in agreement that the end goal is the maximization of happiness for the highest number of people. Going through that transition will be worse than what we have now for most, and there’s no guarantee that a more equitable society is built in the ashes of this one.
Like, after a certain point for ever $100 you were paid, the government took $92 and left you with $8 and your other deductions.
It’s honestly that easy to change, just bring back the same tax brackets we had under Eisenhower and we’d pretty much fix the income gap immediately. Or at least we’d have plenty of tax revenue to fix shit and provide safety nets.
It’s insane like we act like we can’t figure out a solution, when we already had one 60 years ago…
Sadly, not that easy, since “income” no longer accounts for the huge wealth gap. Until stocks and assets are counted and taxed appropriately, the top 0.1% will remain just as wealthy.
This has to stop. Seriously. This is a huge cancer in our society
This IS our society.
The entire thing needs to be burned to the ground and started fresh. We need to close the stock market as well, it only harms literally everyone that isn’t in the Investor class of humans. Figure out Capital a different way if need be, but the way we’re doing it is literally killing all of us, and the vast majority of species on the planet currently.
It has always been this way for thousands of years. Democracy changed the rules a bit, but it’s always been a battle between the meek and poor vs rich and powerful.
I don’t agree that “burn it all down” is the right solution, especially if we’re hypothetically in agreement that the end goal is the maximization of happiness for the highest number of people. Going through that transition will be worse than what we have now for most, and there’s no guarantee that a more equitable society is built in the ashes of this one.
The top tax bracket used to be 92%…
Like, after a certain point for ever $100 you were paid, the government took $92 and left you with $8 and your other deductions.
It’s honestly that easy to change, just bring back the same tax brackets we had under Eisenhower and we’d pretty much fix the income gap immediately. Or at least we’d have plenty of tax revenue to fix shit and provide safety nets.
It’s insane like we act like we can’t figure out a solution, when we already had one 60 years ago…
Sadly, not that easy, since “income” no longer accounts for the huge wealth gap. Until stocks and assets are counted and taxed appropriately, the top 0.1% will remain just as wealthy.
It might work on parts of the 1% to 0.1%, though.
Removed by mod
It’s crazy that income tax goes up as you earn more, meanwhile capital gains tax goes down as you gain access to more loopholes.
That’s because the whole system is about as crooked as the stock market
cough cough tax capital gains as income cough
As someone who makes most of their money through capital gains, I’m in favor of taxing them more.
It’s called capitalism, and yes, it has to stop.