Is decreasing or eliminating the Earned Income Credit viewed as “raising taxes on the poor”?
I AGREE!! EVERYONE should pay SOMETHING, even if its only a $100.00!! EVERYONE needs some SKIN IN THE GAME...EVERYONE!
I really think that President Donald J. Trump is about the only billionaire in America who is not also a psychopath.
Simple tax plan.
Gross income x 0.06 = your tax obligation
Easy (for most) and inexpensive to figure.
Of course, this would put a whole bunch of tax attorneys and cpas out of work probably.
Everyone must feel the burn of the excessive welfare state.
We always knew dems use taxes as a means of rewarding or punishing behavior. He just comes out and says so.
Taxes are how dems force their moral ideology onto everyone.
Which is why they never care if the taxes ever really pay for what the cover story rationalization is for the taxes.
Bloomberg is the classic lefty control freak—lobotomy is the only known cure.
Well, when you tax something, you get less of it, and when you subsidize something, you get more of it.
The flip side of "skin in the game" is this sort of thing - declaring something "bad behavior" and taxing it to suppress it. That is not always benign. This is, after all, the fellow who decided he didn't like the amount of fizzy drinks his constituents were drinking and tried to tax them out of it. Bloomberg very notably doesn't think people should own firearms. So how about a 10,000% tax on that? Home-schooler? Tax them. Heat with wood? Tax it. Drive a non-electric car? Tax it. All of this is, from the point of view of the urban control freak, "bad behavior", and yes, taxing it heavily does impact the poor disproportionately - that's what "regressive" taxation is.
We've come a long way from the Intolerable Acts but it won't do to forget where we came from.