Mitt Romney said the quiet part out loud: the rich should pay more in taxes. The Wall Street Journal attacked him for it. But he’s right—and ignoring the math is how democracies crack. open.substack.com/pub/adamkinz...
3.1K reposts11.4K likes
Mitt Romney said the quiet part out loud: the rich should pay more in taxes. The Wall Street Journal attacked him for it. But he’s right—and ignoring the math is how democracies crack. open.substack.com/pub/adamkinz...
3.1K reposts11.4K likes
www.youtube.com/watch?v=W8OW... Listen to Robert Reich. 70% of our economy is driven by consumer spending. If 90% of consumers can't or won't spend money, because they don't have enough or don't have confidence in the economy, the economy collapses. Not enough spending to keep the economy going!
another American Revolution? Hopefully similar to Norway's "Labour Revolution" that took place in the 1930s and ushered in a strong welfare state www.youtube.com/watch?v=q2gO...
Even ignoring "workers of the world unite" type rhetoric, this has been studied at length and reasonable people understand that a progressive tax rate is necessary. Scandinavian countries show that high taxes can co-exist with strong growth.
UNREDACTED: The Mueller Report Analysis with Malcolm Nance youtu.be/zQ3BDsoPV-E?...
This is an important point, because if the super wealthy had a haircut of their currently outlandish wealth to the point it was merely prohibitive wealth, they would be just a bit less inclined to spend so much on stealing elections or buying up news media. It wouldn't stop it, but it might slow it.