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WarGamer

(12,439 posts)
Wed Jun 9, 2021, 11:11 PM Jun 2021

Why doesn't anyone talk about a COVID-19 tax?

This thing cost us trillions.

Responsible people pay their bills.

After 9-11, airlines increased security measures and passed along the cost to the passenger.

Why don't we look at ways to recoup the costs?

Possible ways:

Temporary VAT tax, food excluded. Like the EU

Temporary re-alignment of the top tax brackets

Temporary "per transaction" Wall Street fee (after all, they got RICHER during C19)

Wealth Tax

I think we're up to $6-7T right now because of C19...



5 replies = new reply since forum marked as read
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Why doesn't anyone talk about a COVID-19 tax? (Original Post) WarGamer Jun 2021 OP
Sounds good to me. FoxNewsSucks Jun 2021 #1
My guess is that the tax for that and infrastructure, healthcare, education, bolstering Hoyt Jun 2021 #2
"sounds reasonable" the repubs won't understand Shellback Squid Jun 2021 #3
A valid emergency is a valid emergency. tirebiter Jun 2021 #4
Not sure about that. RegularJam Jun 2021 #5

FoxNewsSucks

(10,429 posts)
1. Sounds good to me.
Wed Jun 9, 2021, 11:31 PM
Jun 2021

A "windfall" tax on every billionaire who got even filthier rich last year, while working people suffered.

 

Hoyt

(54,770 posts)
2. My guess is that the tax for that and infrastructure, healthcare, education, bolstering
Wed Jun 9, 2021, 11:47 PM
Jun 2021

Social Security, childcare, jobs, deficit reduction, etc., is going to require big increases reaching well into the middle class. But it’s fun to make it sound easy, we’ll just tax the rich and corporations.

 

RegularJam

(914 posts)
5. Not sure about that.
Thu Jun 10, 2021, 12:10 AM
Jun 2021

First, I’m not as comfortable that I understand our accounting like I once did. We are seeing repeated years with over a 100% debt to gdp ratio. The year before Covid hit it was something like 106%. I’d say it’s not sustainable but I’ve been saying that for two decades.

Second, there is no reason to levy additional taxes on something like this, specifically. We need to overhaul the tax code and Covid doesn’t need a seat at the table. We are also going to have to sell increasing revenues to the American people for our initiative.

I know this isn’t popular but we need to drop the word Covid as much as possible outside of saying “Get vaccinated.” Biden doesn’t have that luxury but we do. If Pfizer and Moderna get authorized the game completely changes. I believe it’s going to be a blessing.

Winning and losing matters. We are seeing the importance of one or two seats in the senate right now. You want to give up a seat or two let’s do things like talk about increasing taxes to pay for Covid when there is a long list of things we borrow to pay for.

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