This sounds great on paper but frankly, that’s just more money that the oligarchs can squeeze out of people. The only conversation we should be having is how to increase competition by breaking up monopolies, and changing the tax structure such that the rich actually pay and can’t accumulate unlimited wealth.
fenderputty on
RAISE TAXES ON THE WEALTHY.
Part of being a Dem is communicating the importance of a functioning government and a social contract. Not this neoliberal shit that’s just going to starve services more.
79QUATTRO on
I have an actual question. As much as I recognize cutting taxes for the middle and low class is a good thing when it comes to political gain, at this point in America’s history is this even feasibly possible to do? stuff like Social Security is running out and we have massive debt. If anything wouldn’t taxes have to go up for everybody at this point?
LiberalClown on
I understand the political incentive here. It reads as classic populism aimed at preserving a seat. But does he actually believe this would pass, let alone work?
The real flaw in the U.S. tax system isn’t that lower-income individuals are overtaxed. It’s that higher-income earners are often undertaxed in practice due to loopholes, credits, and structural advantages.
If the cost of living remains structurally high, making $75K tax-free doesn’t solve the core problem. You’re still left with a system where essential needs like healthcare, education, and infrastructure are expensive or inaccessible. In that context, a tax-free $75K can still feel like poverty.
A more durable solution would focus on effectively taxing higher incomes and using that revenue to reduce the cost burden of fundamental services. That approach addresses the root cause rather than offering a temporary, politically attractive patch. However I don’t think he is capable of running against the tide and anger his donors.
Grundlage on
Democrats in the 90s: making the case to voters that if we all pay our fair share in taxes, we’ll be able to build public projects that make everyone’s lives better
Democrats now: making the case to voters that they’ll cut taxes on you even more than the other guys
Not making a value judgement either way, just noticing the shift in tone.
potentialPast on
Almost everyone’s ability to participate meaningfully in the productive aspects of our economy is going to be disrupted over the next few years.
Reduction or cessation of income tax is just a hint of what will be needed if they don’t want to kill the consumer.
6 Comments
This sounds great on paper but frankly, that’s just more money that the oligarchs can squeeze out of people. The only conversation we should be having is how to increase competition by breaking up monopolies, and changing the tax structure such that the rich actually pay and can’t accumulate unlimited wealth.
RAISE TAXES ON THE WEALTHY.
Part of being a Dem is communicating the importance of a functioning government and a social contract. Not this neoliberal shit that’s just going to starve services more.
I have an actual question. As much as I recognize cutting taxes for the middle and low class is a good thing when it comes to political gain, at this point in America’s history is this even feasibly possible to do? stuff like Social Security is running out and we have massive debt. If anything wouldn’t taxes have to go up for everybody at this point?
I understand the political incentive here. It reads as classic populism aimed at preserving a seat. But does he actually believe this would pass, let alone work?
The real flaw in the U.S. tax system isn’t that lower-income individuals are overtaxed. It’s that higher-income earners are often undertaxed in practice due to loopholes, credits, and structural advantages.
If the cost of living remains structurally high, making $75K tax-free doesn’t solve the core problem. You’re still left with a system where essential needs like healthcare, education, and infrastructure are expensive or inaccessible. In that context, a tax-free $75K can still feel like poverty.
A more durable solution would focus on effectively taxing higher incomes and using that revenue to reduce the cost burden of fundamental services. That approach addresses the root cause rather than offering a temporary, politically attractive patch. However I don’t think he is capable of running against the tide and anger his donors.
Democrats in the 90s: making the case to voters that if we all pay our fair share in taxes, we’ll be able to build public projects that make everyone’s lives better
Democrats now: making the case to voters that they’ll cut taxes on you even more than the other guys
Not making a value judgement either way, just noticing the shift in tone.
Almost everyone’s ability to participate meaningfully in the productive aspects of our economy is going to be disrupted over the next few years.
Reduction or cessation of income tax is just a hint of what will be needed if they don’t want to kill the consumer.