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Sherman A1

(38,958 posts) Wed Oct 16, 2019, 07:56 AM Oct 2019

Andrew Yang on Wealth Tax October Debate 2019

3 replies

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Andrew Yang on Wealth Tax October Debate 2019 (Original Post) Sherman A1 Oct 2019 OP

Tax the wealthy Normanart Oct 2019 #1

Cause they game the system redqueen Oct 2019 #2

Gaming the system Normanart Oct 2019 #3

Normanart

(279 posts)

1. Tax the wealthy

Reply to Sherman A1 (Original post)

Fri Oct 18, 2019, 02:58 PM

Oct 2019

It might help to rewrite the tax code, and get rid of the current system designed by lobbyists for the corporations and the rich. How is it that you and I pay taxes on even a modest income, and the wealthy pay little or nothing?

redqueen

(115,103 posts)

2. Cause they game the system

Reply to Normanart (Reply #1)

Sat Oct 19, 2019, 01:38 PM

Oct 2019

They can afford really expensive lawyers and accountants who help them find and exploit every little loophole they can. Normal people can't do that.

If I had my way we'd go back to FDR's tax levels. A wealth tax seems like a great idea but considering our legislature is further to the right than those in Europe, and they couldn't get it to work there, I don't have that much confidence in our ability to get it to work here.

Normanart

(279 posts)

3. Gaming the system

Reply to redqueen (Reply #2)

Sat Oct 19, 2019, 10:58 PM

Oct 2019

They not only game the system, they built the system. Every piece of tax legislation written in the last 40 years was designed to benefit the wealthy, by lobbyists paid by the wealthy.

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