this post was submitted on 23 Jan 2025
1171 points (99.1% liked)
Political Memes
5929 readers
3994 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They raise taxes on the middle class to make people hate taxes so they vote for smaller government.
They’ve been doing it since the 80s. God how I wish our politics weren’t in a death spiral. It’s so boring.
Educate the next generation. My kids demonize taxes based off a short video but then get a quick education. Taxes aren't the devil, the rich dudes who aren't paying their share are causing your burden to be higher. Billionaires aren't always the enemy, but look at Amazon wages and it's an easy way to show them that hoarded wealth generally comes from keeping others down. It takes a bit longer, but elders are the only entity that can counter the bullshit they're being fed.
The problem with taxing the super rich is that their weath isn't in the form of taxable income, it's mostly in the form of stock, and doesn't become cash until it is sold. Selling stock, especially if the CEO is the selling lots of stock, causes the value of the stock to decrease, so they don't like to sell it at all. What billionaires do to pay for their day to day expenses is to take out loans, using their stock as collateral on that loan. No bank is going to deny a loan backed by Tesla stock, or space-x stock.. that's guaranteed interest for them with basically no risk. The value of the stock them increases over time, more than the interest payments do, and then they pay it back, coming out financially better than they were when they took out the loan. The only way that billionaires could really be taxed is if the government was to tax them on the value of all stock that is held at the start of the tax year, and not just when it is sold. Some countries do this, I don't think (?) the USA does.