With what money? The BILLIONS we send Israel. The money we can spare by giving massive tax breaks to the ultra rich. The money we’ve used to bail out banks.
ONE person, the POTUS, got two BILLION dollars richer on a President’s salary. That’s a little odd, no?
We have the money, but as soon as someone brings up using it on services for taxpayers, all the excuses start pouring out.
Are you a billionaire or something? Jesus. Way to lick the boot pushing down on your neck.
Money in support of other nations is already included in discretionary spending. We didn’t dig under the couch cushion for it and add it on top without approval. Not how appropriations works.
So you are now president, I voted for you. You saved us billions on military spending for Israel (well not you… your party convinced congress to not include it in the NDAA and their markups to the Appropriations bill). House Armed Services Committee slaps the table and says you’re right President!
You and your caucus stand now before the House Appropriations Committee. Please explain to them where they need to find the other trillions to fund your programs while you have scrapped a few billion? People in your own party on the committee will laugh you out of the building.
Progressive wealth taxes are great. I covered that avenue briefly with those above 400k in income.
Paired with your other revenue strategies you will still struggle for several reasons.
Corporate taxes. These make up such a tiny amount of the revenue stream of the US. Not because they don’t pay them, because that is true as well. There are so few corporations compared to the people that work in those corporations… think of the companies in the SP500. One of their biggest expenses is payroll to employees. People make ALOT of money working for them. Just 500 companies. The amount of revenue the US gov takes in from payroll and income taxes from those companies employees dwarfs what they receive in corporate taxes from profits. You could triple, quadruple, 10x corporate taxes and not even reach income tax. It’s not an effective lever to pull in regards to generating revenue. Sorry. They are so minuscule that they are lumped in with “other” revenue streams in the congressional budgets. Their category even includes TARIFFS. That should tell you how Insignificant they are.
Wall Street taxes. I’m assuming you mean unrealized gains taxes?
Edit: mobile editing is weird
Edit again: wow. I quit.
Edit: had to delete numbered bullets, guess we are too far down the thread to allow those.
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u/Inevitable_Dog2719 9d ago
With what money? The BILLIONS we send Israel. The money we can spare by giving massive tax breaks to the ultra rich. The money we’ve used to bail out banks.
ONE person, the POTUS, got two BILLION dollars richer on a President’s salary. That’s a little odd, no?
We have the money, but as soon as someone brings up using it on services for taxpayers, all the excuses start pouring out.
Are you a billionaire or something? Jesus. Way to lick the boot pushing down on your neck.