General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy 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...
FoxNewsSucks
(10,429 posts)A "windfall" tax on every billionaire who got even filthier rich last year, while working people suffered.
Hoyt
(54,770 posts)Social Security, childcare, jobs, deficit reduction, etc., is going to require big increases reaching well into the middle class. But its fun to make it sound easy, well just tax the rich and corporations.
Shellback Squid
(8,914 posts)tirebiter
(2,536 posts)No quid pro co. Its how we work in a liberal democracy.
RegularJam
(914 posts)First, Im 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%. Id say its not sustainable but Ive 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 doesnt 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 isnt popular but we need to drop the word Covid as much as possible outside of saying Get vaccinated. Biden doesnt have that luxury but we do. If Pfizer and Moderna get authorized the game completely changes. I believe its 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 lets do things like talk about increasing taxes to pay for Covid when there is a long list of things we borrow to pay for.