Could have stood around at the local 7-11 in the morning and ask the working people grabbing coffee and gas on the way to work.

would you like the salary you have now, and the tax rate you have now, or make a billion dollars a year and be taxed at 90% leaving you with $100 million to spend?

not many people choose the lower tax rate.

seeing this in lots of areas of the economy, where the uber rich have pretty well seized this particular economic area, and seized it for themselves. Already, in some states, the uber rich has staked out huge land holdings, and bought out huge sections of any small towns located nearby, making near impossible for long-term families to continue to live in these areas unless they sell out and move away.

So, isn't it time for the uber rich to finally get taxed at the heavier rates, and basically pay till it hurts, like so many of us do? Fair is fair. The rich could go a few years w/ a heavier tax load, and help carry the load of the federal deficit too for a while, e.g., 10 years or so? They have had 50 years of pretty well unlimited growth, and lower taxation.

And screw this about job creation and such, 50 years already of income inequality, and the job market is getting tighter, w/o any additional uber rich investments to 'help' when the study found that it didn't really help, cutting taxes (vs. those that didn't cut).

End the filibuster.
Democrats in control of all 3 branches of government will kill the Trump Tax Scam and raise rates for the filthy rich.

When will Americans realize that they ARE NOT Repukes constituents??
Their constituents are the billionaire class. The rest of America (99.999%) are rubes and useful idiots to them....

TDE means THEY p------ on US. It NEVER worked.

And MANY people, Republicans and Democrats, STILL don't get who's SHAFTING us up the bum.

Their piss is what trickled onto the rest of us.

the rich get 80% of what they ask from congress.
The proportion that the middleclass and poor get of what they seek shows no difference from random insignificance

there is a large segment of our society that have bought into the theory that the wealthy are job creators and they are necessary for the rest of us to be able to survive. But the reality is that the real job creators are the working class and the poor, whose spending induces businesses to create jobs.

The so-called "free market" idea that privately held, unregulated business competition not government is the driving force behind economic prosperity is a myth. The government itself is what creates this magical "free market" is organized by making laws that control monopolies (or is supposed to), financial laws (bankruptcy, contracts, lending rules, etc).

And the other things that chaps my butt is this idea that we have to worry about the size of government. Huh?

No, what we should worry about is who is the government serving. Who is influencing government with big money from big corporations and Wall Street to serve themselves instead of average working American whose spending is the real drive behind our economy.

We've been fed a line of hogwash for decades, so much so that it is almost a religion in America and yet economic inequality continues to just get worse for the vast majority.

We can change all of this by simply not electing the people that perpetuate this lie....over and over. Don't be fooled by their retortic...it is a scam with clear intent.

The “Picture of Progress” over the last century.



Billionaires are collectively adding $2.7 billion to their fortunes daily — and their growing share of wealth shows trickle-down doesn't work

* A new report from Oxfam looks at how much wealth billionaires have accumulated.

* The report finds billionaires are collectively adding $2.7 billion to their fortunes daily, as inflation eats up workers' wages.

* As top tax rates fell, billionaire wealth grew — and Oxfam says wealth taxes are one solution.

Almost funny that CBS "News" is reporting this as though it's new information. Haven't there been any number of studies finding the same?

As far back as the mid & late 90s. Given that such studies keep reaching the same, data supported, conclusions, I'd say there should be little doubt.
It doesn't even make sense from a purely economic point of view. It's not logical that it would result in the planned outcome in a capitalist system. It requires an enlightened beneficence that has never been demonstrated in the economic data.
I wrote a paper on this apropos the Reagan tax cuts in an Econometrics class when in business school. Far less extensive than these other studies, but same conclusions.
Never works.

The poor and middle class can’t contribute as much money as the wealthy and the corporations. Hence, you will find provisions in the code carving out exceptions without mentioning names. Instead, it will describe a type of business and/or geographic location and/or in such a way that it excludes every one else except the company for which the benefit was intended.

Trust me

The people with $300 Million in Treasury Notes... making 5% annually.

First, they're taking money OUT of circulation, "off the street"...

Buying Treasury Notes enables gov't overspending and the 5% return is paid by middle class taxpayers.

So not only do they pull the money out of circulation but the middle class pays their 5% annual return.

And the Fed isn't paying back principal... struggling just to service the debt with other people money.

Money in motion is happy money.

#WealthTaxNow

and now that neoliberalism has pretty much destroyed the commons by putting it into private hands, it's time for a massive rethink, I know that rethink is ongoing. What will put it into practice is the next crash and yes, there will be a next crash. Poorly regulkated capitalism is not only cruel, it is tied to boom and bust cycles.

About the only way capitalism can function is regulated, with vast wealth at the top scraped off and recirculated via public works, supplying jobs and income at the bottom, where the multiplier effect becomes apparent.

Letting the few hoard wealth while the many are deeply in debt and suffering is no way to run an economy. Money at the top neither works nor budges, as the rich are allergic to risk.

it's their only move and they play it out and nobody ever tells them to STFU about it.



lets' help all the little people with some trickle down, do you want a trickle or a geyser ? yeah gimme the geyser ! even the language they use tells you it's a rip off. more media heads should yell about this, like every freaking night...but they don't

We knew it the first time that idiot reagan went there with the tax cut.

Fuck that study and tax them at 99% on anything over a million.

Pay management outrageous salaries and benefits.

Kind of a hopeless feeling that this political/economic scam took 50 years to get reported on. I don't think this will stop the GOP and billionaires and corporations from advocating for more tax cuts for the rich though. Just needs a new catchy name.

There is no tax cut fairy and there is no evidence that tax cuts pay for themselves in the real world. Why does it matter that the Republicans' Trump-era tax breaks failed to pay for themselves, despite GOP promises? Several reasons, actually.

Link to tweet

but they bring too many Republican Liars onto "Face The Nation" every Sunday morning....

On the bright side, most of those "low information voters" are probably not awake or watching the Sunday morning news shows.....