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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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[–]adeel06Tin | r/WSB 3724 points3 years, 9 months ago* (edited 21 hours, 19 minutes after)

Like they did the last time this happened in the 1940s to the 1970s (where the tax rate was always at least 70% on the extremely wealthy, and 94% in 1944). Nope. The overwhelming majority stayed.

That’s just bullshit billionaire propaganda. Americans can also be taxed in America, no matter WHAT nation they live in.

Can cite every single thing I said if you’d like. Or you can Google “US Tax History”.

You may not mean to but you’re peddling their disinformation. High taxes are good for billionaires as well - if they aren’t just spent on the military industrial complex - as ~10.5% ($750B) is today - we can rebuild our crumbling infrastructure.

Edit - 50% changed to 10.5% as I was incorrect as was pointed out to me by the person below me.

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[–][deleted]5 points3 years, 9 months ago

Yep, this times a million. Idiots will claim otherwise though.

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[–][deleted]3 points3 years, 9 months ago

Most of them make their money by being in America. Like I can understand maybe Facebook or Netflix moving to a third world country but Amazon, Tesla, Apple, Microsoft NEED to be here.

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[–][deleted]1 point3 years, 9 months ago
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[–]adeel06Tin | r/WSB 371 point3 years, 9 months ago* (edited 16 minutes after)

Saw the number on a chart about spending, 750B vs 1.5T for the Federal government as a whole. Apologies. Still doesn’t discount the rest of what I said.

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