America needs a new political party. Both of the current ones are bad. Republicans are way too reactionary, Democrats are pro-censorship, and both are getting more extreme. Neither appropriately represents an average person.
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They only got about $4.9 trillion in taxes in 2022, the rest was borrowed on credit (which they’re never going to pay back). And they make a lot of money through printing new money (inflation). Fixing the government so it doesn’t need debt or inflation to run is one of the main things they need to do. It’s really bloated right now.
And one way to do that is to raise taxes for the ultra-rich and big business (not the middle class)! Instead of focusing on this solution, which only a few politicians (Bernie Sanders) are supporting, most are ignoring it.
Why do we have to raise taxes only on the rich? Just because they’re rich doesn’t mean they’re evil! If someone is super successful, why do we try to take it from them?
Currently, billionaires basically evade paying any taxes (Donald Trump paid less in taxes than the vast majority of Americans) because they have the means to access loopholes in the tax system (that need to be reformed.) No one is saying they’re evil, but they benefit from the services provided by the government, while most of their income is never taxed.
More information:
https://www.usatoday.com/story/money/taxes/2023/02/21/how-do-rich-people-avoid-taxes/11308215002/
Also, they have the means to pay taxes, and their wealth comes from the country. No ultrarich person in America can claim that the government didn’t help them get to where they are. They are profiting off of the government and the people, so they should pay a fair share of taxes. No one is saying this fair share should be unreasonably high, but it is necessary in order to have a functioning government.
I do think they should pay taxes, but they shouldn’t pay too much
Then we’re in agreement, but many studies have shown that with a remarkably small tax increase for the ultrarich (and also by closing up existing loopholes), not only would the ultrarich stop pushing the “burden” of supporting many government programs on the poor/middle class (even when they receive most of the benefits), but problems like homelessness could be easily decreased.