We should all be "poverty abolitionists." "We could fund powerful antipoverty programs through sensible tax reform and enforcement. A recent study estimates that collecting all paid federal income taxes from the top 1 percent - not raising their taxes, mind you, just putting an end to their tax evasion (note from MW: the first thing the new GOP House did was undo provisions that gave the IRS the capacity to do that) - would add $175 Billion a year to the public purse. That's enough to more than double federal investment in affordable housing or to re-establish the expanded child tax credit. In fact, an additional $175Billion a year is almost enough to lift everyone out of poverty altogether." nytimes.com/2023/03/16/opini…

Mar 22, 2023 · 2:03 PM UTC

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Replying to @marwilliamson
Many other things we could and should do to fight back poverty. UBI Lower the cost of living through affordable housing. Universal Healthcare. Remove income tax and tax only businesses. #6'Elon
Replying to @marwilliamson
In my perspective, a reform needs to include a UBI/Negative Income Tax. 🙂
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Replying to @marwilliamson
Because spending taxpayer money without requiring behavior modification has worked so well throughout history…
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Replying to @marwilliamson
Slash the military budget in half, advance peaceful conflict resolution and international cooperation, there is no telling what we could afford: universal health care, publicly funded college education, fossil fuel pollution reduction, addressing poverty.
Replying to @marwilliamson
Study shows that not sending over $100 billion dollars to a foreign nation means there are more funds to our own people.
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Replying to @marwilliamson
Please talk to the Private Central Fiat Banks about this
Replying to @marwilliamson
Just a reminder the "war on poverty" from LBJ got us the destruction of the black family and all the social costs that came with it. The best way to fight poverty is by promoting prosperity by getting out of the way of people trying to improve themselves and their situation
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Replying to @marwilliamson
UBI+VAT still makes sense ;) I truly like where you're going with this. Poverty shouldn't exist in the USA anymore.
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Replying to @marwilliamson
A VAT on luxury goods is the way to go… we can’t tax our way out… too many loopholes
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