Decades ago corporate taxes provided 33% of the public treasury; today they provide 11%. Not coincidentally that was when America had a thriving middle class. Tax policies favoring the corporate elite has been and continues to be the primary driver of income inequality.

Oct 25, 2020 · 1:56 PM UTC

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Replying to @marwilliamson
We should definitely tax rich ppl more because they have 2 much $ & influence. But, remember that there is no shortage of $ because Congress spends it into existence. They tax later and that is separate. No 1's Fed taxes actually pay 4 anything. Congress decides both sides.
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Replying to @marwilliamson
What Ike said.
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Replying to @marwilliamson @RegenerationEX
Not only income inequality but low productivity- it encourages short termism and profit taking over long term investment and innovation
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Replying to @marwilliamson
It’s crazy to me how I pay 33% in taxes and make less than $70k a year. We pay MORE than the upper class and corporations. It’s such a messed up and unfair system.
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Replying to @marwilliamson @ProudSocialist
We must never forget that Eisenhower had a top marginal tax rate of 90% it built our f*cking interstate system and a few bridges 90%!!!!
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Replying to @marwilliamson @miguelangel97__
yep.
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Replying to @marwilliamson @Gaius_Publius
read The Deficit Myth. Corporations and billionaires need to be heavily taxed BUT NOT to provide for the public treasury.
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Replying to @marwilliamson
You should really take an economics class.
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Replying to @marwilliamson
Income inequality is more complex than a single issue. I have to think that the recent advancements in technology have contributed as it really divides those who learn and take advantage vs those who don't.
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Replying to @marwilliamson
We all need to get really real instead of all this absolute nonsense
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