Slav

Since when is middle income $400k a year?

And you’re missing my point. If people actually paid their taxes at the current rate then Biden wouldn’t need to increase the tax rates to fund the government programs he wants to fund. It’s difficult to track offshore money and often leads to the government spending more than what they receive in the end, which is why it’s inefficient to find tax evaders compared to young the tax rate. Increasing the tax rate is bad and essentially punishes the people obeying the law, but you’re getting angry at the government when it could be avoided by those very companies that offshore their money.

And I’m kinda tired of the idea of “companies leaving” if they have increased tax rates. Like you said, they can achieve tax reductions. And you would not believe how many companies I heard say that but stay behind anyways. Even with an increased tax rate (which is not 52% by the way, that’s only on personal income, not businesses) they would be better off in the U.S. than fucking off to another country, funding new infrastructure, new employees, new specialists, and getting acquainted with the matter of employment law, etc.

trickle down aka piss down my neck economics have not, will not, and will never work

@Mr GOAT agreed. And Biden isn’t proposing trickle down economics. Trickle down economics is the proposition of “taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment”.

This has been displayed time and time again, businesses will take whatever they can. For example, many banks received a bailout, however, kept charging people who lost their job due to covid. Many people were advocating for the idea that since banks received a bailout that they should halt the payments on loans. Now people can disagree or agree with that idea, I don’t really care. I’m just using that situation to illustrate how trickledown economics always fails.