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by ZeroGravitas
1390 days ago
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If you look at the historical record, the people working to stop progressive taxation were openly racist, and used that to get poor white people to support the policies. So, white supremacy lead directly to lots of poor white people getting hurt, just like the civil war killed a whole bunch of poor white people. https://www.americanbar.org/groups/crsj/publications/human_r... > In this “systemic racism” frame and with an understanding of the pre-existing condition of racial wealth disparities, the “anti-tax” shift of the U.S. tax system from more to less progressive comes into focus as a current manifestation of relentless racism. Beginning in the early 1980s, our tax systems have become less progressive. “Anti-tax” fervor took root with caps on property taxes in California in 1978 and the Reagan tax cuts in the early 1980s, and it has steadily flourished. Congress has decreased wealth taxes along with top marginal income tax rates. State and local governments have reduced reliance on income and property taxes, replacing them with increased sales and other consumption taxes. > The “anti-tax” movement and economic inequality go hand in hand. Leading economists identify decreased progressivity in the tax system as an important cause of rising economic inequality. High-income earners who are taxed at lower rates are able to add more to their wealth every year compared to low-income earners. “Anti-tax,” it turns out, is less about taking the burden of taxation off of everyone and more about shifting that burden away from wealthy taxpayers who can, for example, choose to domicile in states that raise revenues through (regressive) sales rather than (progressive) income taxes. |
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