Anonymous #2 5w

Then we tax the billionaires into extinction. They don’t need to exist- they are a byproduct of capitalistic greed

6

Anonymous stoner22 5w

How would that work without destroying the preconditions for average everyday Americans to prosper? Has any society successfully done it?

1

Anonymous #2 5w

Americans are no longer prospering my friend.

5

Okay good. America also taxed the 1% with a tax rate in the 90%s and it brought us out of the Great Depression (along with the war) and allowed the New Deal program and things like social security. We can do it again.

2

The New Deal saved America. 🇺🇸

6

Anonymous stoner22 5w

On paper, that was the top marginal tax rate, but it had no noticeable effect on federal revenue

1

Anonymous stoner22 5w

By what metrics are Americans no longer prospering? We have the highest median income of any major country in history

1

Taxes on businesses are primarily paid by workers and consumers. Its not a very progressive way to tax.

5

Anonymous #2 5w

And yet the vast majority of Americans live paycheck to paycheck, have piles of debt, the rising generation will on average never be able to afford a home, many Americans work 2 or more jobs to make ends meet and even then they barely do. So no Americans are not flourishing despite the economy being good. The economy, the stock market, and GDP are not valid trackers of how the average person is doing. Go talk to your community. Americans are suffering and it has grown exponentially

4

Anonymous stoner22 5w

Paycheck to paycheck is a stat that says very little about living standards. 20% of Americans making more than $150,000/yr live paycheck to paycheck because they often overspend on luxury houses and cars.

-1

Anonymous stoner22 5w

The economy is not an indicator, it’s just a word that describes how we produce, consume, and exchange goods.

1

Anonymous stoner22 5w

What metric do you prefer to GDP?

1

Anonymous #2 5w

Smth that takes into account the American working clsss. Soemthing gdp does not especially not when we are in an AI bubble

1

Anonymous stoner22 5w

GDP definitely deserves some criticism, but I ask because usually the alternative metrics people suggest are still like 0.9 correlated with GDP.

1