RE: Who will swallow the Corona virus debt? The rich or the poor?
November 22, 2020 at 2:05 pm
(This post was last modified: November 22, 2020 at 2:07 pm by Aegon.)
(November 21, 2020 at 3:00 pm)Greatest I am Wrote: Who will swallow the Corona virus debt? The rich or the poor?
Poverty is a condition imposed by governments through the tax system.
The world will have to pay dearly, not only now, but in the near future, for the hardships cause by this pandemic and the various other upcoming health crisis.
We are already handing our children a dying planet. Will we saddle them with more poverty as well?
Poverty is created by the tax system. Gandhi also said that to impose poverty was a crime.
The tax system is controlled by the rich. Demographically speaking, this fact is proven by their outrageous demographic position and control of the legislation.
Will the rich swallow the huge debt that will soon hit us, or will they place the debt as more poverty for our next extinction bound generation?
The next tax laws, everywhere, will show if more poor die, or if the rich will give up their loose change, which is all that it takes, to end poverty.
Regards
DL
Taxation causes poverty? So it ain't the $7.25 minimum wage., abhorrently high healthcare costs, >$1 trillion of student loan debt, lack of high-quality K-12 public education, and the ever-increasing prices of goods and services coupled with stagnant wages?
But the tax code definitely needs changing. It is absurd that folks who report between $40k and $80k pay 22% rate while someone who reports over $1 million only pays 37%. Taxing the latter group more and the former group less sounds good to me.
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