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#15
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Taxes feed the very things that make rich richer.
Investing money in others education gives skilled labor. Investing into infrastructure and research gives innovative technology to make business easier. Investing in social needs lower crime Investing in military (the bulk of our taxes; yielding a large population of conservatives) provides protection. All from taxation. There is no reason why the richest country in the world can’t feed their poor or provide them healthcare and shelter. History shows: The Revenue Act of 1935, 49 Stat. 1014 (Aug. 30, 1935), raised federal income tax on higher income levels, by introducing the "Wealth Tax".[1] It was a progressive tax that took up to 75 percent of the highest incomes (over $1 million per year.).[2] The Congress separately also passed new taxes that were regressive, especially the Social Security tax. Okay It was signed into law by President Franklin D. Roosevelt over strong opposition from business, the rich, and conservatives from both parties. The 1935 Act also was popularly known at the time as the "Soak the Rich" tax. __ It is upsetting to hear we give welfare tax breaks to big companies while hear even bigger companies avoid paying taxes all together from enabling parties in congress | ||
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Last edited by Botten; 07-25-2021 at 01:48 AM..
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