We Need MORE Taxes in the USA!!!

[pbmus]

From...Robert Reich
This morning Trump tweeted: "We are the highest taxed nation in the world - that will change."

Baloney. The most meaningful measure is taxes paid as a percentage of GDP. As you can see from the graph below, the U.S. has the 4th lowest taxes of any major economy. (Only South Korea, Chile, and Mexico ranking lower.)

And the wealthiest 1 percent in the U.S. pay the lowest taxes as a percent of their income and total wealth of any country anywhere – and lower than they’ve ever paid even in the U.S.

Once again, Trump and the Republicans are dealing with a non-problem, while ignoring the biggest problems.

What do you think?

[JoeStuckInOH]

1. "More Progressive taxation"... fixed it for you.

IMO, we need a way to increase top-level corporate taxation while simultaneously dissuading corporations from offshoring. Perhaps punitive import taxes on companies that offshore business operations and then reimport their goods.

Raising the top tier income tax brackets wouldn't hurt either. You wouldn't even have to "raise" the top tier brackets either.. voters hate hearing a politician talk about raising taxes. They could just quietly reduce the amount of tax breaks and write-offs available to people and corporations in the upper tax brackets.

It's sick that billionaires have oodles of loopholes and write-offs that are simply unavailable to average citizens. It should 100% the other way around... if you're very wealthy, then tax breaks and write-offs should be HARDER to obtain.

[ProudLib72]

4. Wasn't that what Roosevelt wanted in 1906?

Part of the Progressive platform was the wealthy giving back to the country that made them wealthy. Here we are 111 years later arguing the same old bullshit. Maybe in another hundred years we can get it right.

[JoeStuckInOH]

7. It's simple, if you want to catch fish you go where the fish are located and cast your net...

Well, if you want more tax revenue (money) then you have to go where the money is to get it.

Seeing as how the richest 1% have more wealth than the bottom 90%... well that's a pretty friggin' simple indication of where you need to aim your taxation.

[haveahart]

2. Check what they were under JFK. I think you are correct.

[haveahart]

3. We need more taxes on the right people and less taxes on others.

[Brainstormy]

5. Damn right! n/t

[Control-Z]

6. K&R&Bookmarking to take a better

look later.

Thanks for the post!