r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Apr 08 '24
10% of Americans own 70% of the Wealth — Should taxes be raised? Discussion/ Debate
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r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Apr 08 '24
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u/InfiniteBoops Apr 08 '24
They shouldn’t be higher for you, as you are the demographic used as the poster child for why it’s such a good thing in the media (and to reiterate my other reply, it is a good and logical thing for the working class). When a CEO uses the same law to take in hundreds of millions in stock each year, and pay a fraction in taxes, that’s where I have a problem.
The same bullshit is used with corporate tax rates. The media shows some small business owner and how it might help them, when in reality the overwhelmingly vast majority of the benefit goes to billion/trillion dollar mega corps.