Because of how they refuse to live according to their own ideological principles. Because they prioritize more trivial shit over the more important issues. Because they will address every other issue at the local level tooth-and-nail-style (climate, gun control, policing, etc.) while ignoring the wealth inequality issue that drives up the cost of living on the working class. If you want to see extreme wealth inequality, you go to a liberal city where you will see condos that go for $1.5M sitting right next to homeless camps in the downtown metros. You will see work-from-homers making $100+k/year while "essential workers" are making less than $50k/year, and yet both have relatively similar tax rates. The liberal tolerance for this kind of wealth inequality within the borders of where it has consolidated political control is *proof* that liberals don't take what they say out loud seriously.
Maybe it's time to start a new fucking ballot initiative over there on progressive tax structures? Like, MUCH higher income tax rates for individuals making over $150k/year and MUCH higher rates for people who own more than $150k in stocks. Think taxing a rich dude with $500k in stocks at the 20% rate while everyone else pays at the 10-15% rate is cool? We should be taxing equity and property holdings at much higher rates the more of either someone owns. As in, the more stock you own, the more taxes you pay on them. I'm talking 50-75% for folks with more than $250K in stocks, not this 20% bullshit that they currently get away with. The more money that sits in investment portfolios, the less is flowing through the economy and creating jobs. There are literally *trillions* in private wealth that are dammed up outside of the economy where it could be working for the country instead of collecting interest in some multi-millionaire's Fidelity account.
Oct 18, 2022
at
5:49 PM
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