[Responding to a Robert Reich post against tax cuts because they’ll aid the rich more than the average taxpayer]
Anybody who uses the phrase “tax cuts for the wealthy” to gin up opposition to lowering taxes is either a dupe or a villain.
How do I know this? Do some research. Find a graph of how income taxes paid segregates by wealth of the payer. I’d post one here, but X hates links.
The bottom 40% in income pay effectively nothing in income tax. The “rich” pay such a disproportionately high percentage of it that the tax take of entire states can be significantly affected by a handful of high-net-worth individuals moving out. In Europe this happens to small countries.
Because of this, it is effectively impossible to cut taxes in any way at all without disproportionately benefiting the “wealthy”.
When demagogues like Reich honk about “tax cuts for the wealthy”, what they actually mean is: taxes should never decrease. The state should confiscate and reallocate more and more wealth, forever and ever, amen.
March 14, 2025
QotD: You can’t cut taxes without disproportionally benefitting “the wealthy”
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When you tax the rich you are simply taxing yourself. The rich merely serve as tax collectors. The more taxes, the richer the rich get.
Comment by Jay Dee — March 14, 2025 @ 19:17