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Jared 🎩
@javabu.eth
The issue with flat taxes is that, while they apply the same rate to all income levels, their impact is often regressive. Lower-income individuals end up paying a larger share of their disposable income compared to higher-income individuals. https://x.com/thecavedaddy/status/1900341472378896440?s=46
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MattwithouttheT 🎩
@mathew.eth
But also, the wealthy *should* have to pay more in raw tax dollars, as they gain disproportionately from the stability, infrastructure, and economic environment those taxes sustain. Their ability to generate wealth is deeply intertwined with publicly funded systems. Companies like Amazon would not be where they are today without publicly funded infrastructure, a workforce who was educated in public schools, social programs supporting their employees whom they pay below a living wage, etc. They have exploited the system for personal gain, and they should pay. Trickle down economics is a fallacy.
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Chainleft
@chainleft
Great articulation 🎯
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MattwithouttheT 🎩
@mathew.eth
Thank you. This is something I feel very strongly about. And I think if the average citizen had a basic understanding of taxes and realized that they’re footing the bill for the richest individuals on the planet, there would be more universal outrage…which over time, might actually lead to meaningful change. Too many people are content burying their head in the sand.
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