Why American Workers Pay Twice as Much in Taxes as Wealthy Investors

Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by prostoalex on Tuesday September 12, 2017 @02:37PM (#15230171)

Because that concept only works in an idyllic small town dominated by sole proprietors.

The example they provide

> Farmer spends $50 on tractor repair from mechanic. Mechanic buys $40 of corn from farmer. Mechanic spends $10 on barn cats from farmer.

does not involve stuff made abroad, massive corporations with economies of scale eliminating the middleman, or foreign-owned entities.

Most of that velocity will end up in China invested into another skyscraper ghost town, a massive infrastructure project or a cryptocurrency mining farm.

[ Parent | on HN ]

Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by TheAdamAndChe on Tuesday September 12, 2017 @03:00PM (#15230568)

Then what do you recommend should be done? Because it should be obvious to most that increasing inequality, record-breaking corporate profits combined with a decreasing quality of life for most Americans outside of large cities is leading to a destabilization of our political system.

[ Parent | on HN ]