this post was submitted on 27 Aug 2023
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So I felt like I had helped pushing debt relief forward in the US, hope that is okay with you folks here.
And I would agree with the image. But can I be risky and question some things? I can delete my post if people don't like it.
But, Ok regarding tax increases on wealthy and corporations: won't they just find loopholes? Heck wasn't the tax rate raised to like 80% for the wealthy as one point in the US?
I would prefer if culture steps away from tax the rich to either simplify tax rules or remove loopholes, which I would think both sides of voters in the US would be happy for? (Assuming both sides hate the current tax system)
Or assuming politicians are in in the loopholes too, making the tax easier or the loopholes more complicated that labor wise it would be better to just pay taxes?
Sorry... why do you think people on the left wouldn't be in favor of removing tax loopholes for rich people?
Because current measures only make rich people flee elsewhere, which moves the tax burden to the middle class, which becomes poorer due to this and other factors, and then we have a few rich guys living elsewhere and a poor mass
There's actually proof that the rich won't flee at all. This is a myth.
https://www.forbes.com/sites/patrickwwatson/2018/05/10/high-taxes-dont-make-rich-people-move/?sh=64d8a54d25e3
Yes, they as people don't move elsewhere, but their companies sure do, and that affects tax collection