[jsilence]

Yeah, not taxing the rich also does not work. See the trillion Dollar tax break Pres. Trump and the GOP implemented. The savings were supposed to somehow trickle down to the "lower decks", but this has proven not to happen.

Meanwhile the ultra rich are getting ultra richer and the rest is getting poorer.

So lets globally coordinated tax the rich for a while in a way that they can not evade their net wealth to some other country and lets see how well that works.

[dahfizz]

> The savings were supposed to somehow trickle down to the "lower decks", but this has proven not to happen.

Do you have more info on this? The middle class literally paid less in taxes due to Trump's cuts[1]. The rates were lowered across the board and the standard deduction (negligible to the 1%, a huge chunk of change to the middle class) was increased.

[1] https://www.bloomberg.com/news/articles/2020-10-27/the-trump...

[jsilence]

"...the Trump administration claimed that its corporate tax cuts would increase the average household income in the United States by $4,000. But two years later, there is little indication that the tax cut is even beginning to trickle down in the ways its proponents claimed."

https://www.americanprogress.org/issues/economy/news/2019/09...

https://www.rollingstone.com/politics/politics-features/trum...

https://www.salon.com/2020/12/27/50-year-study-of-tax-cuts-o...

https://www.motherjones.com/politics/2020/06/trumps-tax-cuts...

[dantheman]

The rich already pay almost all of the taxes anyway. The government just needs to do less to balance the budget.

[evilos]

Well that is expected when they own most of the capital/money. That's not really a factor or surprising.

What is important is how much a person is paying as a function of how rich they are. Rich people get to pay way less and it's not fair. They can get around tax laws because their cash flows don't look like the average citizen's tax flows.