(November 23, 2020 at 11:53 am)Greatest I am Wrote:(November 22, 2020 at 2:05 pm)Aegon Wrote: 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
..no? Not at all? You haven't demonstrated taxation actually determines wealth. Because it doesn't.
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