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POLITICSBiden Administration to release 2023 budget today including a new 20% billionaire tax(finbold.com)
submitted 3 years, 9 months ago by Yoshie5Bronze | QC: CC 20 to /r/CryptoCurrency (10m)
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[–]FirstTimeRedditor100🟩 :moons: 118 / 119 🦀7 points3 years, 9 months ago

Not only that but what is the intention of the tax? It's disguised as a way to lower income inequality but I will never see a dollar of that tax.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–][deleted]16 points3 years, 9 months ago

The intention of the tax is to try to afford some of the cool shit other 1st world countries enjoy without raising the taxes on 100s of millions of people to do it.

Only issue, it will not be enough to do anything cool and it will not be enough to lower anyone else's tax situation.

All government should be first and foremost trying to get people to work, try to establish a fair wage that still keeps us competitive with the world, and try to set up road blocks for goods coming into the country that could be made here.

permalinkparentcontexthide replies (1)as-of
[–]FirstTimeRedditor100🟩 :moons: 118 / 119 🦀3 points3 years, 9 months ago

I mean of course but there's so much red tape and a lack of transparency in the government that the money will disappear before anyone even know where it went lol.

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