NYT focus group voter who thought Trump would abolish taxes: 😍😍😍
spydormunkay on
It would be a lot easier to make this happen if we didn’t have 10,000 different loopholes in the tax code. Nuke itemized deductions. Nuke that dumb no tax on tips thing–why that was a thing and why no one argued for just increasing the standard deduction is beyond me.
fuggitdude22 on
Relevance to Neoliberal: Fiscal Management has been a hallmark of discussion here. Bezos suggests that the bottom 50% of earners should not be charged with income tax. This is a similar view that Milton Friedman has reverberated but with negative income tax as a replacement for social safety nets.
bsharp95 on
Tons of low income people already don’t pay federal income taxes or pay effective fed income tax rates of like less than 5%.
SelesnyaGOAT on
Breaking News: Billionaire Who Hates Government Advocates for Less Tax Revenue
garreteer on
Even if it’s a very small amount, I think everyone in a society should contribute toward the upkeep of that society, from a philosophical and not really scientific perspective
lukasburner on
The U.S. already runs yearly deficits of 8%, the merits of this are unfounded, especially given bond yield increases.
Butwhy113511 on
Can anyone come up with a plan for things to do other than tax breaks? The founding fathers were right to try and buffer power from direct pure democracy. The current primary system just leads to clowns pandering to the masses. Get some adults back in power.
ironykarl on
Pretty sure this rhetoric is just designed to slowly erode the legitimacy of an income tax, in general ¯\_(ツ)_/¯
rascally_rabbit on
Bezos doesn’t believe or care about this at all. Just pure red meat nonsense thrown to the masses
Akovsky87 on
-looks at current overall tax liability for the bottom half of earners-
11 Comments
NYT focus group voter who thought Trump would abolish taxes: 😍😍😍
It would be a lot easier to make this happen if we didn’t have 10,000 different loopholes in the tax code. Nuke itemized deductions. Nuke that dumb no tax on tips thing–why that was a thing and why no one argued for just increasing the standard deduction is beyond me.
Relevance to Neoliberal: Fiscal Management has been a hallmark of discussion here. Bezos suggests that the bottom 50% of earners should not be charged with income tax. This is a similar view that Milton Friedman has reverberated but with negative income tax as a replacement for social safety nets.
Tons of low income people already don’t pay federal income taxes or pay effective fed income tax rates of like less than 5%.
Breaking News: Billionaire Who Hates Government Advocates for Less Tax Revenue
Even if it’s a very small amount, I think everyone in a society should contribute toward the upkeep of that society, from a philosophical and not really scientific perspective
The U.S. already runs yearly deficits of 8%, the merits of this are unfounded, especially given bond yield increases.
Can anyone come up with a plan for things to do other than tax breaks? The founding fathers were right to try and buffer power from direct pure democracy. The current primary system just leads to clowns pandering to the masses. Get some adults back in power.
Pretty sure this rhetoric is just designed to slowly erode the legitimacy of an income tax, in general ¯\_(ツ)_/¯
Bezos doesn’t believe or care about this at all. Just pure red meat nonsense thrown to the masses
-looks at current overall tax liability for the bottom half of earners-
Hey wait a minute….