• cogman@lemmy.world
    link
    fedilink
    English
    arrow-up
    31
    ·
    8 hours ago

    We aren’t talking about massive tax breaks. That’s what’s insane.

    Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.

    These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.

    The actual tax increase from trump’s expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.

    They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.

    It’s robbery, plain and simple.

    • Liberal_Ghost@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      ·
      3 hours ago

      Everyone should have to pay their fair share. Hell, I bet if they just did a flat 15-18℅ tax on everyone, middle class to the uber rich then we would have all the money for the programs like SS and medicare for all.

    • Boomer Humor Doomergod@lemmy.world
      link
      fedilink
      English
      arrow-up
      17
      ·
      8 hours ago

      Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.

      $0.04 for every dollar of income doesn’t sound like much until you’re talking about a billion dollars, in which case it’s $40 million.

      That’s a whole extra yacht!

    • Saint_La_Croix_Crosse@midwest.social
      link
      fedilink
      English
      arrow-up
      1
      ·
      4 hours ago

      It is not just saving money on taxes, but having desperate old people as cheap labor and pre-retirement people as customers for annuities. Particularly as desperate, cheap labor, since that helps push wages down for any sector that they could work in.