Re:Global minimum corporate tax: 130 nations to support U.S....
by coryrc on Thursday July 01, 2021 @11:01PM
(#27707430)
"The correct goal is not to take money from the rich ... but to get rid of poverty."
I mostly agree with you on this point. However, we can't do that without reforming the tax system. For example, Seattle is one of the most regressive places to live in the country, people in the lowest brackets pay 30%+ in local taxes but people over six figures pay 2.8%. People in single-family zones (wealthy) are slowing the supply increase in apartments which is allowing prices to rise. You can't get rid of poverty without going through the wealthy.
I mostly agree with you on this point. However, we can't do that without reforming the tax system. For example, Seattle is one of the most regressive places to live in the country, people in the lowest brackets pay 30%+ in local taxes but people over six figures pay 2.8%. People in single-family zones (wealthy) are slowing the supply increase in apartments which is allowing prices to rise. You can't get rid of poverty without going through the wealthy.