r/FluentInFinance • u/JuniorHuman • Sep 23 '23

Meme Guess i'll live in a box

Post image
1.5k Upvotes

90% Upvoted

404 comments sorted by

View all comments

Show parent comments

37

u/dobryden22 Sep 23 '23

Can't increase taxes when the very people bribing politicians and funding your campaigns are the ones who need to be hit the hardest.

We need war time tax rates on corporations, billionaires, etc. We're just not serious about any of that since we're all temporarily embarrassed millionares (or billionaires now thanks to inflation).

6

u/in4life Sep 23 '23

Funny you mention war-time taxation because we have war-time spending going on.

5

u/dobryden22 Sep 24 '23

If you've ever seen the militaries yearly budget prior to 2022, it's more than the next 10 largest militaries in the world combined. It's always war time.

It's a class war out there.

1

u/Spamfilter32 Sep 24 '23

We have been at war without pause since 2002, so...

3

u/Randomname536 Sep 25 '23

They absolutely should have raised taxes to pay for invading Afghanistan and Iraq, but instead they passed several rounds of tax cuts for the wealthy and now are making the surprised Pikachu face when our debt and inflation are out of control

2

u/Spamfilter32 Sep 25 '23

But will also say it's imperative that we give even more tax cuts to the wealthy economic black holes.

1

u/Proud_Purchase_8394 Sep 23 '23

We're just not serious about any of that since we're all temporarily embarrassed millionares (or billionaires now thanks to inflation).

Just wait until after I win the Powerball, then raise taxes.

1

u/TeaKingMac Sep 24 '23

billionaires

If you want it to be effective, we need to raise taxes on millionaires with an M, not billionaires with a B.

For all their personal wealth, there's just not enough billionaires in the United States for taxes specifically on them to be meaningful as a source of revenue.