The Government does a good job redistributing income

[OfTheCross]

If you look at Fig. 6 in this report, you'll see that household income for our poorest increases by more than 300% after taxes and transfers. While the highest earners income is dropped about a little over 20%.

https://www.cato.org/blog/charting-latest-cbo-data-incomes-taxes-inequality

This is, though...we already spend most of our money on Social programs. $2.5T of the $3.5T that we take in...

Policy Basics: Where Do Our Federal Tax Dollars Go? | Center on Budget and Policy Priorities

So...what are some solutions to this conundrum?

Come at it from all angles. I'm assuming that most of you want to increase social spending...

 

[DEAD7]

You posted a Cato link and didnt warn those who enter in the title... brace yourself(and your rep).

 

[OfTheCross]

My first solution is to extend these taxes to wealth in order to generate more revenue

 

[inndaskKy]

Your tax dollars don't go to those sectors. The tax you pay is taken out of the economy. It is destroyed.

 

[DEAD7]

Your tax dollars don't go to those sectors. The tax you pay is taken out of the economy. It is destroyed.

I remember bernie’s MMT economist saying that tax revenue doesnt actually fund any of our social programs, and the “how will we pay for it” “raise taxes on the rich” stuff is all nonsense.

 

[Secure Da Bag]

I remember bernie’s MMT economist saying that tax revenue doesnt actually fund any of our social programs, and the “how will we pay for it” “raise taxes on the rich” stuff is all nonsense.

Your post would have more impact if you posted the link where she said that. I don't disagree. But you have a reputation.....

 

[Mook]

Your tax dollars don't go to those sectors. The tax you pay is taken out of the economy. It is destroyed.

 

[OfTheCross]

Your tax dollars don't go to those sectors. The tax you pay is taken out of the economy. It is destroyed.

Make it make sense.

The budget, expenses, and revenues are posted in the OP.

If the tax dollars weren't used, our deficit would be the entire budget.

 

[Godless Socialist CEO]

Take the Cato institute at face value brehs

 

[Uitomy]

The best solution is separating from the federal reserve and backing our money up to something again

 

[OfTheCross]

The best solution is separating from the federal reserve and backing our money up to something again

That would limit money supply.

The current Fed actually admits that they fukked up during the Great Recovery and subscribe to running the economy "hot" because that's when the people at the bottom finally get to feel it and be lifted.

If you limit the money supply the poorest suffer.

More info:

Inequality is on the Fed’s agenda at Jackson Hole - Marketplace

 

[OfTheCross]

Take the Cato institute at face value brehs

 

[Godless Socialist CEO]

Post gifs of Ben Shapiro brehs

 

[OfTheCross]

Post gifs of Ben Shapiro brehs

You haven't disagreed with anything posted...

at Cato and a Shapiro gif for no reason rn.

What's your productive opinion of the OP?

 

[Ezra]

Agreed. Over the past 40 years w the government and courts cutting out unions negotiating power, cutting regulations, tax abatements ect, the government has done a very good job redistributing wealth towards the top, away from the middle and lower class.

It's why you see the wealth disparity in this country. We've done a good job in investing in infrastructure, research and outsourcing to allow these privatized gains.