Replacing "the economy" with "rich people's yacht money"
-How do we respond to COVID-19 without sacrificing rich people’s yacht money?
-Responding to climate change is great; but what about rich people’s yacht money?
-Medicare For All would destroy rich people’s yacht money!
= new reply since forum marked as read
If they have to sell a couple of gold toilet seats to finance their next yacht, it's on them for being stupid enough to buy those darn things to begin with.
I mean when an average person has a good life, it's like this:
Food on the table.
Roof over the table.
Working car to get to work.
A job that can cover gas, rent, food and maybe Netflix.
Money to by Birthday and ChrisMaHanaKwanza gifts for the family.
Health Insurance and/or enough of a rainy day fund that you don't lose everything if you get sick.
Rich people with multiple homes, yachts and made up problems are just pathetic.
They can pay their fair share.
https://home.treasury.gov/news/featured-stories/the-case-for-a-robust-attack-on-the-tax-gap
A well-functioning tax system requires that everyone pays the taxes they owe. Today, the “tax gap”—the difference between taxes that are owed and collected—totals around $600 billion annually and will mean approximately $7 trillion of lost tax revenue over the next decade. The sheer magnitude of lost revenue is striking: it is equal to 3 percent of GDP, or all the income taxes paid by the lowest earning 90 percent of taxpayers.
The tax gap can be a major source of inequity. Today’s tax code contains two sets of rules: one for regular wage and salary workers who report virtually all the income they earn; and another for wealthy taxpayers, who are often able to avoid a large share of the taxes they owe. As Table 1 demonstrates, estimates from academic researchers suggest that more than $160 billion lost annually is from taxes that top 1 percent choose not to pay.
Ever think about that?
