If 800 companies paid, $5B in taxes like Buffett, regular people wouldn't pay taxes

[Secure Da Bag]

That's $4T in federal corporate taxes. According to Buffett. we wouldn't have to pay income tax, medicare tax or social security tax.

US Federal Budget - United States federal budget - Wikipedia

 

[Secure Da Bag]

The video above is in reference to the G20 discussed applying a global wealth tax of 2% to billionaires across the world. Janet Yellen said, "nope".

Janet Yellen says America won't back a billionaire tax

America won't support the global wealth tax put forward by Brazil, France, and other G20 countries

qz.com

The plan — which has been advanced by Brazil, France, Spain, Germany, and South Africa — would require billionaires to pay at least 2% of their total wealth in taxes each year. Finance ministers from the G7 countries, which includes the U.S., Canada, France, Germany, Italy, Japan, and the United Kingdom, are slated to meet in northern Italy next week.

Recent research by British NGO Oxfam found that the top 1% of earners in G20 countries made $18 trillion in income in 2022. The G20 is made up of 19 countries, as well as the European Union and the African Union.

The EU Tax Observatory, a Paris-based research laboratory, estimates that a 2% tax would raise close to $250 billion annually, coming from less than 3,000 individuals.

The proposed wealth tax would mirror the global minimum corporate tax, which Yellen helped bring about, a deal proposed by the Organisation for Economic Co-operation and Development (OECD) and signed by more than 140 countries. The agreement imposes a minimum effective tax rate of 15% on corporate profits in the country where they operate. Facing pushback from Republicans, U.S. Congress has yet to pass legislation that would bring it into force.

 

[bourgeoisie tall freak]

then prices go up

 

[Secure Da Bag]

prices go up no matter what.

 

[Apollo Creed]

The countties who want this aint getting a bag lol

Everyone a socialist till they start getting money then its “hol up kneeguh”

 

[OperationNumbNutts]

then prices go up

That statement provides they did a great job of indoctrinating people to support issues against their own interests.

 

[feelosofer]

If we cut our defense budget by 10 percent. That would cover public college.

 

[Harry B]

then prices go up

On the short term of course, but so would people's disposable income.
Prices go up because demand outweighs supply, but that's a short term effect. In the long run, supply will adjust to meet the increased demand.

 

[Son Goku]

If we cut our defense budget by 10 percent. That would cover public college.

They cut the defense budget by 10 percent and you won't be going to college.

 

[BaggerofTea]

Janet Yellen and her ilk are directly responsible for deterioration of economic sustenance in this country.


she and the rest of her conspirators need to go come hell or high water

 

[Dameon Farrow]

They never pay the tax owed anyway. But stay crying about tax rates. Buffett never complains but pays with no problem.

 

[Yapdatfool]

That statement provides they did a great job of indoctrinating people to support issues against their own interests.

And they did


Can't raise taxes on the rich = prices go up

Can't make the rich pay more = prices go up

Can't make the rich hire more = prices go up

UBI? = prices go up

Increase benefits = prices go up

DEI? = prices go up


Meanwhile EVERY poster on the-coli will never be, see or hold a billion dollars.

 

[fact]

prices go up no matter what.

lol exactly, these 1% come up with every excuse in the world as to why they can't kick in, and every single thing that they threaten as to what will happen if they have to pay ends up happening anyway. We really need to start taking that shyt in blood, no person in the entire world needs to be/should be a fukking billionaire, it's fukking absurd, and there is absolutely zero justification for that shyt.

 

[Secure Da Bag]

lol exactly, these 1% come up with every excuse in the world as to why they can't kick in, and every single thing that they threaten as to what will happen if they have to pay ends up happening anyway.

^this

 

[MR. SNIFLES]

YOU WOULD TRADE IT FOR EVERYTHING THOSE COMPANIES CONTRIBUTE TO OFFSET THEIR TAX LIABILITY. 90% OF CHARITIES WOULD BE GONE OVERNIGHT.

URBAN DEVELOPMENT, GONE.
SOUP KITCHENS, GONE.
TUITION REIMBURSEMENTS, GONE
HBCU'S, GONE

YOU COULD ARGUE THAT PEOPLE WOULDN'T NEED CHARITY IF THEY PAID NO TAXES. I HIGHLY DOUBT IT THOUGH.