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azulster | 1 year ago

why is everyone talking about small businesses when every proposal that's been published targets $100million + asset portfolios

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sickofparadox|1 year ago

Because income tax started as only targeting people making $3,000 a year, which was the top ~40% of earners in 1913. Once the door to a new government power is unlocked, it never closes it only gets more open.

BobbyJo|1 year ago

> Once the door to a new government power is unlocked, it never closes it only gets more open.

I don't think "slippery slope" is a reasonable defense here, especially with the situation you're using as an example. The top 40% of earners is a lot of people, and pretty close to the number of people that pay positive income taxes today (50% of earners pay 97% of taxes). The slope you're using as an example doesn't look very slippery, especially given that 100+ years of the US changing completely has happened in the meantime.

CamperBob2|1 year ago

Wealth may not trickle down, but taxes damned sure do.

ryandrake|1 year ago

I don't think "everyone" is talking about small businesses. Only people with an axe to grind against the legislation, who trot out "Small Business" to play the sympathetic victim.