All the liberals and “progressives” have the same solution for everything. Target the extremely rich — the 1 percenters — with much higher taxes. I was listening to one politician the other day recommend a tax rate of 80% for the people in the 1 percent income bracket, and she said it without missing a beat — unapologetically.
That would mean that the government would claim 4 out of every 5 dollars earned by a member of the 1 percent bracket. In effect, the super rich wouldn’t be working for their own self-interest anymore. They would be working for the self interest of the government.
The top 1 percent already pay 37.6% of all the taxes, i.e., they already pay way more taxes than one would expect. But according to these liberals and progressives, that isn’t nearly enough.
The big political story in the United States is becoming less and less about the various bogus political attacks against Trump, and more and more about the splintering of the Democratic Party into two mutually distinct and potentially incompatible camps — the traditional Democrats (who have held power) and the so-called “progressive” wing of the party whose members tout themselves as “socialists”. The fissure between the two groups is growing larger and larger, to the point where one might conjecture a complete rupture of the party where the progressives break off to form their own new party.
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