(https://twitter.com/TheRapNerd7/status/1485337593541758977)
1Dime@TheRapNerd7
New 1Dime video just dropped! The truth about taxing the rich. Vital information that most lefties don’t know
(https://twitter.com/TheRapNerd7/status/1485337826908594183)
1Dime@TheRapNerd7
This video will surprise many lefties and libertarians alike. Share it with anyone who you think would benefit from the information
youtube.com
The Problem With Taxing The Rich
The myth of tax revenue and why taxing the rich is not a real solution to inequality
#TaxTheRich Patreon: https://www.patreon.com/OneDimeBuy Me a Coffee: ht…
Bideoa: https://www.youtube.com/watch?v=zBk78wG1U9U&feature=emb_logo
Taxes don’t fund federal government spending and they don’t solve the root causes of inequality
Timestamp:
0:00 Taxing The Rich as a Solution to Inequality?
1:43 Problems with Tax The Rich Narratives
4:28 Taxes Don’t Fund Federal Spending
6:16 What Happens to Federal Tax Money?
7:54 How Federal Government “Funds” Policies
10:17 The Myth of “Tax Revenue”
10:45 Why Politicians Perpetuate the Myth
13:18 Why the “Taxpayer Money” Myth Backfires
15:34 Does Taxing The Rich Even Work?
16:21 Taxes Don’t Change the Ownership Structure
17:20 The Root Cause of Inequality
18:41 Real Solutions to Inequality
19:32 Special Request
joseba says:
‘Robin Hood’ taxes.
I wrote about that in these blog posts:
1. Robin Hood was a thief not a saviour (April 1, 2010). http://bilbo.economicoutlook.net/blog/?p=9006
2. Progressives should move on from a reliance on ‘Robin Hood’ taxes (September 4, 2017). http://bilbo.economicoutlook.net/blog/?p=36764
More recently, they are about ‘taxing the rich’ so we can have good schools and hospitals.
1. Governments do not need the savings of the rich, nor their taxes! (April 15, 2015).http://bilbo.economicoutlook.net/blog/?p=31604
2. The ‘tax the rich’ call bestows unwarranted importance on them (February 21, 2018).http://bilbo.economicoutlook.net/blog/?p=38440
3. Tax the rich to counter carbon emissions not to get their money (January 22, 2020). http://bilbo.economicoutlook.net/blog/?p=44139