And it's too easy to demagogue against it.

https://www.reuters.com/article/usa-tax/three-quarters-of-americans-favor-higher-taxes-for-wealthy-reuters-ipsos-poll-idUSL2N1MM024

Those taxes MUST be raised.

I paid more income tax than Jared did.... something wrong with that.

and removal of estate tax that is in the works?

.... income taxes for the rich serves one purpose very detrimental to a thriving and functional Democracy.

It kicks the door wide open for the rich with in a generation or two,.. to form an entrenched aristocracy. Where as the rich collect their rents from their vast and ever growing real assets and market investments. They never lift a finger for work,.. don't care to innovate or invest in tomorrow no,.. become entrench in their ever growing more powerful monopolies and with their unearned wealth shit on the little guy,.. then buy the commons and the government from the every day citizenry,.. and seek to force the government to divest any holdings,.. suck up the cash starved government assets via way of paying highway robbery fee of pennies on the dollar. Then rape and plunder the public by privatizing these former government operations.

If a powerful cash rich aristocracy is what you want - low taxes for the rich is the vehicular motif that we deliver society to that destination in the blink of the eye.

Most patriotic Americans have a different vision for America where the rich pay their fair share for the use of the commons,.. the rich give back to society for the benefits society has bestowed upon them via the fair payment of taxes,.. and finally the rich cease and desist from the contrived destruction of the American middle class.

For God's sake's look at at the charts of income wealth and ownership of assets.

The 1% of the top income earners have realized 90% of the growth in wages.

Productivity has sky rocketed yet the bottom 50% of wage earners have seen their wages either freeze or lose ground since way back in the 1970s.

The top 10% owns 90% of the total worth of assets. The bottom 90% cant even afford health insurance. They live paycheck to paycheck and have less than $250.00 on hand for the next financial or medical emergency.

How much more must the bottom 90% sacrifice before they lose all human dignity and roll up into the fetal position over a sewer grate and die in the streets because Republicans vote out respectable health coverage offered to most citizens in other industrialized and semi-industrialized countries of the free world.

This trickle down bullshit shit is enough,.. besides why don't they call it what it really is. The rich are pissing on the poor and then have the audacity to call it a refreshing Spring rain shower.

Fuck that shit.

76% of Americans support the wealth tax

I do not disagree with your premise in the least - more equitable distribution of wealth and purchasing power is essential if the current system is to avoid a complete meltdown and collapse - but the only way to achieve that kind of wage increase is through incentivizing corporations to distribute more in compensation via structured tax codes. If a corporation has a choice between their nice cushy Trump-era tax rates WITH thresholds for eligibility based on the % of total revenues distributed to workers, contractors, employees and shareholders on an equitable basis or a massively higher tax rate on company revenues in general, they might be more willing to acquiesce...maybe, and even then only temporarily....

Otherwise, corporate interests will do what they have been doing for decades now - wage shop the planet for the lowest possible wage-slave workers (Mexico...to China....to Vietnam...to Laos....to Congo...and on and on) or make massive investments in further automation and AI to permanently remove labor costs from the equation.

Manufacturing is all but decimated and gone, trucking and shipping is next, then warehousing and supply chain management and soon after that office assistants and clerical work is going to go too. Med techs, paralegals, lawyers in general in some areas, lab workers...anyone and everyone who performs tasks repeatedly will be facing elimination of their livelihoods to automation and/or AI software solutions.

We are barrelling down the road of eliminating 30-50% of ALL JOBS in the next generation and there is absolutely no plan at all to handle the social upheaval that is going to combine with climate refugees and disruptions alongside this major shift in the need for workers at all...things are about to get incredibly dicey in the next 10-20 years I'm afraid...the rise of nationalism and hate all around us reminds me of the history books leading up to WWII, now imagine that level of conflict with modern weapons and nuclear bombs...I need a drink.

Transition to a “gig economy”, let masses become nomads when climate change wreaks havoc. Lower expectations that government will help you in disasters.

That’s why they were so angry about Obamacare. They think the social safety net needs to be destroyed, not strengthened. Because now that the 0.1% has piled up control of all resources and assets, they don’t want to be responsible to deal with the fallout from climate change and oligarchy.

I have believed for a while that one of the reasons there is no concerted efforts to address climate change is that the powers that be have concluded a great die-off is needed to conserve resources for those they deem worthy (ie. - themselves and their chosen worker drones and no one else).

I stand by my predictions that we will see nuclear exchanges in several areas within a decade - most likely India and Pakistan, but I would not rule out other hot spots. Climate refugees in coastal regions are going to be a flashpoint for sure...too many people forced to move in too short a timeline...it will get ugly and for those who don't care anyway, it will be a juicy opportunity to get the fancy weapons off the top shelf and blow them off (finally in their warped minds)...

they are too political and believe in the supernatural.

Wealth that is mostly not spent in the economy. We need some sort of water cycle for money. We need to seriously make it rain for the sake of infrastructure, etc. We know it will all evaporate upwards, but it should continue to feed the soil.

And too much of that money IS ILL GOTTEN. Is the fruits of a rigged and gamed system. All manner of wealth redistribution has been used to get us to this massive imbalance.

Also, redistributing wealth via taxes is actually one way you get companies and owners, CEOs etc. to pay higher wages. It incentivizes them to invest into the company that makes them money rather than divesting from its future for a big payoff in the present, and they're more likely to do so to reduce their tax liability.

of companies here will help provide better pay through better jobs. It did it back in the day and it can work again with the proper regs and attention to detail. Our bloated "defense" budget needs to have a large slice redirected to true defense of our citizens by also providing good paying infrastructure repair jobs. That is definitely needed to keep us safe NOW.

The plutocrats need to be brought down. If they resist their corps can be "executed" they are dangerous "persons" if they continue to take away from our health and pursuit of happiness as a People. The time has come to either soak the rich or eat the rich. Their choice.

Simply mandating higher wages will put my small (micro) business out of business. We can't afford to pay much more in wages unless our traffic really picks up. Anyway, I would be on board for both clawing back tax money from the U.S. oligarchs and creating higher paying jobs, etc.

The time is right.

Does anyone else have a problem?

You shouldn’t as long as it’s inflation adjusted.

Any income over $1M should be taxed at that rate.

other hand can be implemented immediately and don't require bargaining with the looting class. Just do it.