Who will swallow the Corona virus debt? The rich or the poor?

[Greatest I am]

I suspect that no one will foot the bill for COVID. If it’s paid for at all, it’ll be amortized over such a long period of time that no one will feel the sting.

And I’m not sure that the ‘taxation causes poverty’ argument is valid - there are plenty of countries with higher tax rates and lower poverty rates than the US. Poverty on a national scale has less to do with how a government is funded than how it manages those funds.

Boru

Brian.

Who controls how rich or poor you are?

Your tax rate and tax breaks. Right?

The same applies to the poor, and I think like Gandhi, who said to impose poverty is violence towards the poor.

A tax break, or minimum income law, would end poverty. 

All it takes is the loose change that the rich hoard.
 
Regards
DL

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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.

Of course there are other factors in the present systems that encourage poverty.

That is not relevant to what I put.

Taxation can determine minimum income laws and where the poverty line is.

It is foolish to complain that the rich are not taxed enough, which controls how rich or less rich they will be, while denying that the poor's income is decided by the same laws and tax code do the same thing. Right?

If not, what is different, other than the amount of wealth to each group?

Regards
DL