The troubling part thought is that INCOME taxes don’t touch people like Jeff Bezos, because his money doesn’t come from what the IRS calls individual income. His money comes from stock dividends and investments (i.e. capital gains), mostly in Amazon, the company he runs. A drastically increased income tax would hit his actual CEO paycheck, but that’s like his weekend pocket money. Not to mention a drastic increase in the income tax will just end up hurting all the mildly well off people who actually bust their ass at real jobs—like doctors, successful artists, self employed people running tiny businesses where they are literally the only employee, etc. The surgeon making $2M a year while pulling 70 hour work weeks is not the problem is society right now.
We aren’t going to get the billionaires to actually pay taxes until we instate a wealth tax and massively increase the capital gains tax (not to mention changing the definition of what is considered a “high risk” investment, because right now you have these rich assholes floating through life on Amazon stock and paying virtually no taxes because the corrupt system lets them classify those dividends as “high risk”).
prguitarman
gummygunk
pixelskylines
izzy806
ellievsbear
blakekathryn
