Memes of Production

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Seize the Memes of Production

An international (English speaking) socialist Lemmy community free of the “ML” influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.

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Deceptichum@quokk.au

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vegeta what does the bank account say about his wealth level? it's under -$9,000! (quokk.au)

submitted 1 month ago* (last edited 1 month ago) by Deceptichum@quokk.au to c/mop@quokk.au

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[–] Phil_in_here@lemmy.ca 3 points 1 month ago

Millions of people that doesn't understand tax brackets. Increasing the tax on high income in no way would disproportionately affect lower income earners. They quite literally would pay the same amount of tax as before. You're absolutely right that the truly disgustingly wealthy don't draw funds from a traditional income, which is why OP said "why not both" to a wealth tax as well as a disincentivizing income tax structure.

I mean, the next major hurdle you need to deal with is the government actually taking those funds and applying them to social services and not corruptly funneling it back to the wealthy anyway.