this post was submitted on 06 Nov 2023
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[–] Zippy@lemmy.world 0 points 1 year ago

His whole package.

The uber rich billionaire do not make up enough people to even amount to a small amount of this additional tax so it is mainly the millionaires who make up much of the middle class. Effectively it is the middle class paying for it.

And what he also failed to mention is that a great deal of capital leaves there country when you start to tax excessively. This is not a question if if but how much. And while that reduces the taxes gained from these individuals, it has a multiplier effect in that it reduces investment into the country thus resulting in less corporate taxes as well as all the personal taxes for that many fewer jobs.

I understand wealth inequality is an issue but people like Bernie only put it simple solutions because he knows people with little economic understanding will eat it up. Worse he knows he is lying which really bothers me more than anything.