cosmo
Well-Known Member
https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/
I didn't know so many people here make $700k+ annually to be a part of the 1%.
The suggestion is to increase taxes (and likely create a new bracket) on those above the current cutoff of $500k.
America needs a stronger middle class, not a stronger 1%. Rebalancing the brackets is the way this needs to be done apparently, since those in control of the wages at companies have already demonstrated their desire to increase their own pay by drastic amounts (157.3% growth) vs the working class going up by dramatically less. There is a money shift in America, where the wealth is funneling to the 1%.
With the 1% setting the wages, lobbying for their own laws, AND getting tax breaks it all points to nonsense. The left isn't looking to "steal" this money, they're looking to STOP the 1% from funneling money to themselves.
EDIT: I'd also like a study done on the 1%, are they actually paying what they should or are they utilizing tax shelters and loopholes? Panama Papers? These need to be shut down.
I didn't know so many people here make $700k+ annually to be a part of the 1%.
The suggestion is to increase taxes (and likely create a new bracket) on those above the current cutoff of $500k.
America needs a stronger middle class, not a stronger 1%. Rebalancing the brackets is the way this needs to be done apparently, since those in control of the wages at companies have already demonstrated their desire to increase their own pay by drastic amounts (157.3% growth) vs the working class going up by dramatically less. There is a money shift in America, where the wealth is funneling to the 1%.
With the 1% setting the wages, lobbying for their own laws, AND getting tax breaks it all points to nonsense. The left isn't looking to "steal" this money, they're looking to STOP the 1% from funneling money to themselves.
EDIT: I'd also like a study done on the 1%, are they actually paying what they should or are they utilizing tax shelters and loopholes? Panama Papers? These need to be shut down.
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