Why Won't Democrats Tax Wealth?

Why does the Democrats' tax plan target yearly income but not wealth? Answer: Corporate lobbyists and campaign contributions.

Jeff Bezos’ salary is $81,840. But his wealth is $201,000,000,000.

Failing to tax wealth is precisely what the billionaires want.

#spongebob #taxes #taxtherich

[screenarts]

Both parties represent the interest of the wealthy.

[christinaulibarri]

Ban dark money, lobbyists and corporate money from all government officials and institutions. Term limits for all appointed and elected government officials.

[Scarter]

No duh. Get money out of politics and our country will get back on track.

[yayger]

Ban lobbyists. It's literally "hey buddy pay me enough and I'll change the rules for ya, no matter how many people it hurts"

[jedison]

Why wouldn't democrats pass a $15 minimum wage that passed in Florida?

[hegyak]

Can't upset those corporate owners.

[_nowhere]

They are wealth. Blame us for not working harder yet they just have to lay there

[nzuckman]

The government should set aside a set amount of funding each candidate can use to support their campaign. Your ability to govern well shouldn't be dictated by your ability to convince people to give you money you don't need.

[seanhillery]

The “Rich” often employ hundreds of thousands of employees. They also pay 60% of the taxes for wasteful government programs. Taxing them even more isn’t going to generate more tax income, you have to tax the middle class a ton in order to meaningfully generate more tax dollars.

[nancymorrison]

Hahaha! You're killin me Bob!!😂😂😂😂😂

[TimTeemo]

this kind of humor is aimed at people who aren’t old enough to vote

[Passionate_Potato]

Small clips like this might gain some traction on TikTok. It would be a good way to help get younger people political.

[oldreprobate]

The precise answer to this question is that the Democrats went on the take immediately in 1981.

[monsterslayer]

Hey, the comedic genius is really rising up, there Dr. Reich! LoL

[mr.wrongthink.]

If we employ your ideas, Elon Musk wouldn't be possible.

[mischevious]

Because they’re wealthy.
Next question?

[clintcetti]

Stop trying to take more of my money for things I don’t approve of. Taxation without representation has been the root of great change in our country and it can be again if our party keeps this up.

[richardgreen]

FAIR FEDERAL TAXES:
- Armed forces should be funded by a tax on individual and business capital. This is the same principle we apply to funding police and fire protection at the local level. (i.e. TAX WEALTH to fund DoD, CIA, NSA, VA, FBI, SS, Coast Guard, customs, border patrol, DEA, ATF, federal marshals, ...).
- USA should tax business revenue (not profit) to the extent necessary to fund Federal business services (DoA, DoC, DoD(R&D), DoE, HUD, DoI, DoJ, DoL, USPS, DoS, DoT, ...). Federal services with identifiable customers should be funded via fees. (e.g. parks, forests, Interstate highways, ATC, NRC, FERC, ...).
- Personal income should only be taxed to fund the few federal services that directly benefit people. (e.g. Medicare, Dept. of Health and Human Services, CDC, ...). A personal income tax provides a way for citizens to hire other citizens to do work that benefits everyone. The personal income tax revenue should match that part of the Federal payroll (including contractors) to fund the few federal services that directly benefit people.

Aside: It is a bad idea to fund operations with debt.
Debt should only be used to "buy now, pay later (as used) " on durable infrastructure that cannot be funded by service fees. (e.g. school buildings, highways, storm drains, ecological improvements). If the Federal Debt exceeds the properly depreciated value of Federally-owned durable infrastructure, we should TAX WEALTH to restore the balance.

[godofdestructiondiecast]

The first thing we have to do is get money out of politics because if we don't nothing else will change

[nope]

Isn't this guy a multi millionaire who refuses to make his textbooks publically available, or even available at a moderate price?