Why Nostr? What is Njump?
2024-09-18 03:59:42
in reply to

YTMND on Nostr: So your problem is the corporate tax cut? I guess it doesn't matter that the ...

So your problem is the corporate tax cut? I guess it doesn't matter that the corporate tax is notorious for being passed onto consumers in the form of higher prices. Regardless, the idea that reducing (not eliminating, but reducing) the corporate tax has so dramatic effect on the income distribution as to be describable as "selling it the 99%" is just brazen hyperbole.

Regardless, it is an out-and-out lie that the lower and middle classes pay more in taxes than the upper class. The top 10% of income earners fund something like 90% of the entire federal budget. That was true before and after the Trump tax cuts. In fact, the biggest relative cuts landed on the middle class!

Also, the idea that the majority of Americans are poor is laughable. The median income in the United States is one of the highest in the world, as is the GDP per capita. Americans, even the poorest ones, are some of the wealthiest people on the planet.
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