this post was submitted on 17 Apr 2025
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I'll make the same argument that I made in another thread, but now that I've got Bernie on my side, maybe people will listen.
TAXING THE RICH DOESN'T MEAN RAISING THE TAX RATES.
It means regulation, oversight, and accountability. You can set the tax rate to any number you want, but it won't matter if no one is making them pay it. We have to hold them accountable first, and then we can bring the rates back up to something from the pre-Reagan era.
Funny that trump is trying to get rid of regulation, oversight, and accountability.
Funny how he prefers tariffs over taxes so he and his rich buddies don't have to pay out more from their end.
They have to pay the same as anyone else buying material things. The issue is that if a person worth a billion has to buy a phone that cost $1,000 but is now $1,800 thanks to tariffs it’s probably not even on their radar. If your household makes $80k a year that phone is a measurable and significant expense that will probably be postponed or avoided altogether. Now add up all the other consumer items that will go up thanks to tariffs.
As usual, the point being that the rich are far, far, less affected by price fluctuations than the average family in the US even if they have to pay the same tariff.
I agree the rich aren't being taxed right now, but why argue on what the phrase does or doesn't mean instead of argue how it can best be achieved? Or like Bernie does, argue why it is necessary?