Re:The top 10% owns 87% of the stocks
by BriggyDwiggs42 on Monday March 03, 2025 @04:30AM
(#43239987)
If we got rid of the federal government, and things didn’t break put into war or anything, would the issue be solved?
No nothing will 'solve' it, but it may attenuate it in some states. Although moving from size in early days to zero is your own strawman.
Re:The top 10% owns 87% of the stocks
by BriggyDwiggs42 on Monday March 03, 2025 @02:07PM
(#43245460)
I guess my issue is more that I feel like you’re looking in the wrong direction here. Imo the government’s behavior, which I don’t think is quite as egregious as you’re making it out to be, is primarily downstream from other things (notably the interests of money). I asked that question because I don’t think that getting rid of the federal government would help people very much at all.
Re:The top 10% owns 87% of the stocks
by scarface_74 on Monday March 03, 2025 @06:11AM
(#43240621)
A quick Google search shows the median income tax as percentage of income is around 15%
Federal income tax was zero most of the time before 1913.
Re:The top 10% owns 87% of the stocks
by scarface_74 on Monday March 03, 2025 @09:45AM
(#43242221)
15% is a far cry from “bleeding us dry”.
Federal gov spends about 24% of GDP. Meanwhile HN is constantly reminding us landlords are bleeding us dry at closer to 30% of income.
Pre WW1 peacetime federal spending would be a godsend for working families.
The feds are bleeding us dry to line they and their corrupt friends pockets and their public debt.