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A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
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>"Economists Emmanuel Saez and Gabriel Zucman break it down."
>"Economists Emmanuel Saez and Gabriel Zucman break it down."
The wealth of America's most affluent grows so rapidly that even if they had to pay "SenWarren's" proposed wealth tax. This has to be fixed irrespective of whether there’s a wealth tax: "From 1990-2019, as the US pop. grew 31%, the IRS’ workforce shrank by 34%. Audit rates for those owing $5 million or more have plummeted from more than 20% in 2010 to less than 0.05%."
The wealth of America's most affluent grows so rapidly that even if they had to pay "SenWarren's" proposed wealth tax. This has to be fixed irrespective of whether there’s a wealth tax: "From 1990-2019, as the US pop. grew 31%, the IRS’ workforce shrank by 34%. Audit rates for those owing $5 million or more have plummeted from more than 20% in 2010 to less than 0.05%."
The 1% billionaire tax would cost them $40 billion a year. In the last year, billionaires gained $1.3 trillion. And they pay a lower tax rate than the working class. Don't cry for billionaires. They aren't crying for you (they donate 1% of wealth a year)
The 1% billionaire tax would cost them $40 billion a year. In the last year, billionaires gained $1.3 trillion. And they pay a lower tax rate than the working class. Don't cry for billionaires. They aren't crying for you (they donate 1% of wealth a year)
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looking at your profile I can't see where you have posted this article
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looking at your profile I can't see where you have posted this article
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