politics

I'm not sure how we get the uber wealthy to pay more in taxes but we need to do something. 

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.

I'm not sure how we get the uber wealthy to pay more in taxes but we need to do something. 

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. 

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

Agreed, this is one of the most obscene symptoms of our broken federal government. And it’s probably also a secondary cause at this point since it is a negative feedback loop:

Uber wealthy skirt taxes, use money to buy politicians / influence policy, make more money, skirt taxes 🔄

Meanwhile middle class and a lot of non-billionaire upper class are paying 30% of our income to support the communities that the billionaires are exploiting to increase their personal wealth