Quote:
Originally Posted by Xulia
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By closing tax loopholes exploited by billionaires/millionaires, expanding estate taxes on millionaire/billionaire inheritances, closing tax loopholes exploited by corporations like Boeing/Amazon, ending the offshore storage of assets to avoid taxation, The Inclusive Prosperity Act that taxes Wall Street speculators, and increasing income tax rates on income above $10mil+.
It doesn't bother you when our defense spending is $716 Billion this year and increasing to $738 in 2020 but a long-term investment in renewable energy to make sure our children and grandchildren have a habitable planet is just too much...
tl;dr
We're going to tax the rich bourgeoisie exploiting the rest of us to fix a planet that is currently on fucking fire because of their greed. |
All (as in 100%) of the billionaire's money isn't enough to cover needs they're proposing, so you're targetting "millionaires" too? Like, people that own single family homes and are preparing for retirement? "Millionaire" includes pretty much anyone with a feasible retirement plan.
716 BILLION is 3.4% of 21
trilion