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slightlv

(3,765 posts)
18. There are several changes we could make in this country
Fri May 10, 2024, 07:36 PM
May 2024

to even out the disproportionality of wealth. I think the first is the tax code... it needs to go back to being the progressive tax code it was up until the 80's, when "greed is good" ruled everything.

But even "little things" need to be changed. We -must- take a good, long look at the 501c tax exemptions. Churches have blown it since *rump came on the stage. But I hesitate to lump all churches in with the bad ones. So I think there must be a more distinct winnowing down of definitions and actions to qualify for exemption. Also, we have to start pushing back on those that do "wrongly" get exemptions, either by applying those where what the church does is beyond the public good or because they preach politics from the pulpit. They also must be held to the high standard (?) of following all gov rules and regulations, with no preferences made that kick people out of the church or working there because of who they are.

Also, we need to go back to where the tax code was seen as favoring earned income, rather than unearned income. There's a lot fewer ways for loopholes to creep in if you do that, IMO. One way of looking at taxes (and the tax code) is as an indirect way to influence culture and morality in a society. When earned income is taxed to the max and demeaned by politicians, I think it has a detrimental effect on t hat society. Cutting out loopholes and making the tax code more simplistic should be a priority. Establishing a base tax for corporations that they -must- pay each year would, I hope, get us back to where corporations once again saw themselves as part of a community - rather than the free-wheeling, loyalty to no country, that they are today.

On 9-11, a coworker and I had a large disagreement. He was one of those who called himself a Libertarian; I'm a flaming Liberal and proud of it. Before the buildings pancaked, I predicted that business, corporations, and "moneyed elite" would use this tragedy as an on ramp to jack up prices and lead us into a new round of unaffordability of common goods. He disagreed. (ha!) He didn't believe in the Shock Doctrine; I did and do believe it even now, cynic that I am. I suggested that our company, and most others, would start decreasing wages while raising the prices of their goods.. and of course, that's exactly what happened. He considered this "good business"... and I begged to differ because I believe there must be a level of ethics that must be adhered to by anyone doing business. He was absolutely against Medicare for All, did not believe people were entitled to medical care, food, shelter, etc., simply by dint of being born. My opinion was everyone was entitled to a baseline of survival. I was pushing, even then, for something like the UBI. He flipped out at that! But our progressive ideas can be updated, refined, and put into action through a fair tax code, as well as a strong Social Safety Net. But that can only happen when people realize we're all in this society together, rather than every one of us being an individual out for only themselves and damn the rest of the world.

But my coworker symbolizes that hardcore Maga crowd, and I have no idea how to bring them peacefully into the fold of society. We have two fundamental differences in the way people look at the world. And there doesn't seem to be ways to build bridges across the divides. That's my basic sticking point, where I shake my head, throw up my hands, and admit I'm at a loss...

Houston, we have a problem. [View all] onecaliberal May 2024 OP
I guess I wonder what the "problem" is TexasDem69 May 2024 #1
HMMM, what could be corrected to allievate this situation? FHRRK May 2024 #3
Educate me TexasDem69 May 2024 #7
End corporate welfare in the form MadameButterfly May 2024 #8
Awesome post. Thank you! dmr May 2024 #19
Thanks! MadameButterfly May 2024 #21
Super excellent list. Problem is... Justice matters. May 2024 #46
Almost impossible and almost true MadameButterfly May 2024 #54
I admire your measured optimism. It's what we need more than anything these days . . . Journeyman May 2024 #63
a perfect brilliant common sense quote for a time of fake news, cult worship, and pessimism MadameButterfly May 2024 #75
Excellent post. Thanks. c-rational May 2024 #51
Just so you know. Brenda May 2024 #64
Yes, agreed MadameButterfly May 2024 #79
How does net neutrality fit into this? onenote May 2024 #66
If service is faster or better for the rich or other priveledged people MadameButterfly May 2024 #77
Compliments 90-percent May 2024 #68
The problem isn't that we have "tax breaks and loopholes." jmowreader May 2024 #69
Some deductions are good and created for the good of society MadameButterfly May 2024 #76
Progressive taxation, which we had until Reagan. mjvpi May 2024 #10
But the wealth is generally not taxable under current code. erronis May 2024 #12
So we need to restructure the tax code so they can't do that MadameButterfly May 2024 #16
Warren's wealth tax would barely cover a months worth of our annual Deficit, much less do anything about Debt or Silent Type May 2024 #31
The solution is a Financial Transaction Tax - read Ellen Browns article below to understand it. airplaneman May 2024 #57
Fascinating MadameButterfly May 2024 #59
Would love for us to find a tax that would pay for everything. But Brookings says a 0.1% FTT would raise $80 B Silent Type May 2024 #85
You need to read Ellen Brown article I cited she is very clear airplaneman May 2024 #87
I'll trust Brookings and the Congressional Budget Office. Silent Type May 2024 #88
I'm just trying to share information here. The Brookings article is talking about FTT on Stock Trades only airplaneman May 2024 #89
Info and other viewpoints are fine. If there is some relatively painless magical way to fund our needs, I'm all for it. Silent Type May 2024 #90
And until they sell their assets (and pay capital gains tax) that wealth is paper value. brooklynite May 2024 #47
Not really so for assets with quite liquid markets. unblock May 2024 #53
Majority rule would also help MadameButterfly May 2024 #17
Great posts bdamomma May 2024 #49
All either impossible TexasDem69 May 2024 #73
Beware minority rule MadameButterfly May 2024 #78
Income tax policy to at least stop the flow, keeping the imbalance from getting worse. paleotn May 2024 #20
We need to win the presidency and reform the Supreme Court MadameButterfly May 2024 #34
Thanks for being willing to accept higher taxes MadameButterfly May 2024 #35
With all due respect, that's your job. Joinfortmill May 2024 #72
Really? Anyway, Piketty recommends ... Dave says May 2024 #30
The solution is, they need to pay the same taxes Meadowoak May 2024 #45
With that kind of money, they can control the message by buying ... aggiesal May 2024 #50
We've needed trustbusting for a long time, especially in media MadameButterfly May 2024 #55
They already did that. live love laugh May 2024 #61
Did you forget your sarcasm emoticon? happy feet May 2024 #62
The problem is the bottom 50% clearly control too much wealth.... getagrip_already May 2024 #82
Starts with a T. Ends with an S kcr May 2024 #83
Kickin' Faux pas May 2024 #2
Obvious, nocoincidences May 2024 #4
Only if you are on a high fat, low fiber diet. erronis May 2024 #13
California rich people. They're the lean and free of nasty chemicals. paleotn May 2024 #22
CA has money woes. SleeplessinSoCal May 2024 #25
Just you wait.. Permanut May 2024 #5
Sure it will; second Tuesday of next week. onecaliberal May 2024 #6
Is that anything like getting pissed on? paleotn May 2024 #23
I've been saying serious for years and it's gotten worse. It's unsustainable. It won't last. . . . nt Bernardo de La Paz May 2024 #9
It could easily last under a Drumph election Evolve Dammit May 2024 #15
100% Wealth Tax on Estate Amounts Over $10 million. DJ Synikus Makisimus May 2024 #11
But that is the rule, surely? Aussie105 May 2024 #14
There are several changes we could make in this country slightlv May 2024 #18
We want a baseline of survival out of humanity but MadameButterfly May 2024 #36
I agree with you Madame... slightlv May 2024 #52
Yes, I've had fantasies of the country splitting into two so we could MadameButterfly May 2024 #56
Yes on all points:. The problem is republicans. onecaliberal May 2024 #84
This was the goal for Constitutional Originalists. SleeplessinSoCal May 2024 #24
alito and roberts are determined to take us back to the 1800s onecaliberal May 2024 #26
next generation won't know we once had a healthy middle class. SleeplessinSoCal May 2024 #27
I never voted for a recon. My dad was a WWII Veteran. onecaliberal May 2024 #33
If we cut rich people's taxes more Johonny May 2024 #28
What percentage of the 800 are REPUBLICANS? live love laugh May 2024 #29
My guess MadameButterfly May 2024 #37
If that's true, people would see that as a political advantage for them. Renew Deal May 2024 #41
They do. onecaliberal May 2024 #44
Mine too. At least 90%. live love laugh May 2024 #60
The dangers of Oligarchy MadameButterfly May 2024 #74
I wonder the very same things. live love laugh May 2024 #80
This might be a stretch but, Mr. Evil May 2024 #32
That's the short plot line of "Don't Look Up" and also of the "Left Behind" series. erronis May 2024 #39
the problem is capitalism Be The Light May 2024 #38
Unfettered and unregulated capitalism. erronis May 2024 #40
K&R onecaliberal May 2024 #43
The American Dream....Capitalist version. Ping Tung May 2024 #42
Rutger Bregman, Dutch historian said it at Davos 2019: PAY YOUR TAXES appalachiablue May 2024 #48
So true. And I've talked with people that object to higher-end tax rates with the same logic as lower-end tax rates. byronius May 2024 #58
Also check out this series in Propublica that outline how the wealthy hide money and avoid taxes erronis May 2024 #65
Post ww2 90-percent May 2024 #67
My horrifying hope 90-percent May 2024 #70
Yup, tax these M*fuckers. Joinfortmill May 2024 #71
Organized - Billionaires gather yearly at a finance conference SupportSanity May 2024 #81
Frankly and honestly, I thought the proportions would be worse. BobTheSubgenius May 2024 #86
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