
Yes, It’s Time to Tax the Rich | A recent poll found that 80% of American respondents viewed wealth inequality as a problem, 80% said the rich had too much political power, and 78% said taxes on billionaires were too low.
https://www.commondreams.org/opinion/time-to-tax-rich
Posted by InsaneSnow45
2 Comments
That’s a pretty clear message. Instead, we have Republicans gifting them a huge tax break, taking away everyone else’s benefits and adding to the deficit to fund the grift.
The majority of white voters, both poor and rich, men and women, young and old, fat and ugly, all voted for Trump in 2024.
They would rather tax the immigrants first. Like this:
By 1938, the Nazi regime was facing a severe financial crisis. Rearmament was costing far more than the government collected in taxes, and Germany was critically low on foreign currency needed to buy raw materials (like rubber and oil) from abroad. The organized theft of Jewish wealth served as a stopgap measure to keep the state solvent.
– Significant Revenue: In the 1938–1939 national budget, approximately 5% of total revenue came directly from wealth confiscated from Jews.
– The “Atonement Tax”: Following the Kristallnacht pogrom in November 1938, the regime imposed a collective fine of 1.12 billion Reichsmarks on the Jewish community. This massive sum was immediately funneled into the rearmament budget.
– The “Reich Flight Tax”: Jews fleeing Germany were forced to pay a 25% tax on their assets (in addition to unfavorable exchange rates that left them with pennies on the dollar). This tax raised roughly 342 million Reichsmarks in 1938 alone, providing the government with vital foreign currency to purchase military supplies.
The revenue from immigrants will be significantly higher than 5%. Also, unlike the Germans, the financial boost for canceling any entitlement programs for the immigrants will be also significant.