Now’s the time to unrig the tax code
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Recently leaked data revealed that Amazon CEO Jeff Bezos and several other U.S. billionaires have paid zero federal income taxes in some past years.
This has Senate Minority Leader Mitch McConnell up in arms — but not because of what the scandal reveals about our rigged tax system. Instead, McConnell wants to go after the whistleblowers who exposed the scandal. “Whoever did this ought to be hunted down and thrown into jail,” McConnell said in a radio interview.
What I suspect really bothers McConnell is that this data is likely to increase the white pressure on him and other lawmakers to raise taxes on the wealthy. For the first time in decades, serious proposals to do just that are actually on the table in Washington. And the timing couldn’t be better.
Poor and low-income Americans have paid the biggest price for the pandemic, while U.S. billionaires have seen their fortunes increase by more than $1 trillion. Now is the moment for America’s ultra-rich to contribute their fair share to an economic recovery that will make the nation stronger in the face of future crises.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction
July 7, 2021 at 8:46 AM #433780PADemDParticipant
- Total Posts: 2,339
They should call it The Guillotine Tax.
July 7, 2021 at 12:55 PM #433789
July 7, 2021 at 1:01 PM #433793salemcourtParticipant
- Total Posts: 2,965
Both the Biden adminstration and the Obama administration will come down really hard on whistle blowers.
July 7, 2021 at 1:42 PM #433802KenTankerousParticipant
- Total Posts: 1,283
Might end up sitting next to Assange.
"If we define an American fascist as one who in case of conflict puts money and power ahead of human beings, then there are undoubtedly several million fascists in the United States."
- Henry A. Wallace
(FDR's Vice President until he was forced out by the corrupt forces of obscene wealth.)
July 7, 2021 at 3:24 PM #433814retired liberalParticipant
- Total Posts: 4,276
He stands out as the most unamerican politician since Joseph McCarthy.
We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.
If you are wrong, it will be because you are not cynical enough.
The older we get, the less "Life in Prison" is a deterrent.
Always wear a proper mask when out and about. The life you save could be both yours and mine.
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