this post was submitted on 19 Mar 2025
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I am not opposed to inreasing taxes necessarily, but people need to understand that the income of wealthy individuals is not used purely for the fulfilment of their needs and wishes. Rich people play a rather important role in allocating and managing resourses(capital) in society, and increasing the taxes will decrease the capability of rich people to invest, which is not ideal.
Also, if the tax increase is percieved to be unfair, rich people can just leave and go to Monaco or Switzerland or any other "rich friendly" country. They are pretty much free to do so and they do it all the time. So increasing taxes will not necessarily lead to more tax revenue if they are increased above what is reasonable.
I am so happy karma is not a thing here btw. I would be in an unenviable position otherwise.
You're literally preaching trickle down economics. Which from the state of things today, clearly does not work for the benefit of the lower and middle class. The greatest times for the middle class in US history was when we had a 70% corporate tax rate. Upward mobility though hard and smart work is a myth. The richest people in this country see you as indentured servants, and they would let you get mangled in an industrial accident if they thought it would save them a dollar.
I am not advocating lowering taxes, just not increasing them beyond what is sensible.
Also, I sincetely doubt the richest people in America see me as an indentured servant. You are being overly dramatic.
Lots of companies have people dedicated to deciding at what point it is cheaper to ignore safety regulations and take the fines associated with their employees dying than it is to follow the safety regulations. Literally whichever makes more money they do it, they give zero shits about you. They will replace you in a heartbeat the MOMENT a machine can do your job for cheaper. It may be five cents a day cheaper and they will drop your ass in a heartbeat and let you starve with not a care in teh world.
I am not an American.
Also, I am not a worker.
Obviously. Another of those "why should I care, it doesn't hurt me any" types then?