Sanders Introduces Legislation to Reinstate the WWII Windfall Profit Tax to Combat Rising Inequality, Inflation, and Corporate Profiteering Excerpt from article The temporary emergency measure, which is part of Sanders’ Ending Corporate Greed Act, “could raise an estimated $400 billion in one year from 30 of the largest corporations alone and would apply only in 2022, 2023, and 2024,” according to a press release. Sanders said it will combat rising inequality, inflation, and corporate profiteering. “We cannot allow big oil companies and other large, profitable corporations to continue to use the war in Ukraine, the COVID-19 pandemic, and the specter of inflation to make obscene profits by price gouging Americans at the gas pump, the grocery store, or any other sector of our economy,” Sanders said.” During these troubling times, the working class cannot bear the brunt of this economic crisis, while corporate CEOs, wealthy shareholders, and the billionaire class make out like bandits.” https://www.nationofchange.org/2022...fall-tax-on-excess-profits-of-major-companies/
Taxing the rich or bringing back those "temporary measures" alone won't solve much IMO. Strengthen unions across the country, start fining companies on a percentage based scale instead of a couple million on a billion dollar fraud scheme for instance, and charge criminally those who blatantly violate our laws...looking at you Purdue Pharma. I feel that would be a good start...but we've accepted this corruption and it shows by the people we elect.
Yes, another important point. Bernie would agree. He made a great point about the minimum wage worker there.
We should consider adding tiers to the current capital gains taxes. At the very least, make the highest capital gains tax rate (currently 20%) equal to the highest income tax rate (currently 37%). Most of the 1% are making money from capital gains, not earnings covered by the income tax.
I put all them in to prove my point. It makes debating them more difficult. It's hard to ignore all those facts. Corporate greed is why we are in this mess. Biden didn't raise the prices, the billionaires are doing it with abandon. They are the ones squeezing every last drop they can, while paying their workers pennies here, compared to their profits. They are the ones choosing cheap ass labor abroad, instead of having their products produced in American factories.
labor tax rate higher than capital gains rate LOLWUT, im not complaining just pointing out the stupidity, *buys moar shares
Say what you want about Bernie but he is one of the few politicians that "care" about the average worker and he`s been doing it forever, some of his ideas IMO are not plausible but he sure makes you think.........I am feeling the Bern
