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 @bambu_818 @marwilliamson
The reduction in tax take is a pretty logical explanation for the hollowing out of western middle class society. Plenty of evidence to support this too. But setting that aside, if this isn’t the explanation, what are some good explanations?
Replying to @bambu_818
Because you are one of those shithead execs, I bet.
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Replying to @bambu_818 @marwilliamson
Which has zero to do with corporate tax rates skippy.
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Replying to @burnout1850 @marwilliamson
“Large gains” ....Trump is the first President that taxes me on taxes I’ve already paid and I’ve seen zero reinvestment into the country’s infrastructure
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Replying to @burnout1850 @marwilliamson
I am in that category, and I KNOW you must be hallucinating.
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Replying to @bambu_818 @marwilliamson
More executive hundreds million dollar bonuses and perks.
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Replying to @bambu_818 @marwilliamson
Money in circulation drives the economy, not in corporate reserves
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Replying to @bambu_818 @marwilliamson
People who were dealt a bad hand, who are struggling to pay rent, afford food, or go to school don't care about one-day shipping.
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They don’t understand this could be a function of forcing people to pay more and not necessarily businesses paying less. So yes decades ago we had a flourishing middle class and now we tax them to death. Funny how that works huh?
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Replying to @bambu_818 @marwilliamson
It must be comforting to believe this. It is false. Large companies in the US (which account for 80%+ of revenue) have invested less and less in production (incl. wages and capital goods) since 1980, instead they channel their profits to shareholders and rich executives
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