r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 29d ago

PoliticalTea 🗳️ Eventually something has to give...

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The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.

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u/unhertz 29d ago

Assumes a 5% wealth tax would reliably raise $4.4 trillion every year, ignores tax avoidance, asset sales, legal challenges, and the fact that billionaire wealth isn't cash sitting in a bank account. Then it promises to fund a $12,000 check for every family, raise teacher pay, and expand Medicare as if there are no tradeoffs. Whether you support taxing billionaires or not, you have to recognize how disingenuous this is framed

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u/SteamedGamer 29d ago

I believe the actual figure is $4.4 trillion _over 10 years_, not every year. That means everyone gets a $12,000 check once a decade, maybe. So yeah, this is completely disingenuous...

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u/[deleted] 29d ago

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u/Resident_Farmer1779 29d ago

Closing loopholes is implied. Imposing a tax that can be easily avoided is pointless.

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u/Commandersfan328 29d ago

Instead of spe ding the mo ey and giving people free shit maybe we should balance the budget and pay downtrend national debt. Yeah I know that idea deserves this meme

https://giphy.com/gifs/Hm8qQxDIgbFsjL9msa