California, a state with the most billionaires run by deficit hawks and other such geniuses of unparalleled fiscal prowess. A proposed tax bill opposed by its own state governor has already wiped out a hefty chunk of its tax revenue.
https://reason.com/2026/01/21/californias-billionaire-tax-could-bite-harder-than-advertised/
#California #fiscalPolicy #incomeTax #progressiveTax #unintendedConsequences #wealthTax
South Korea's Blue House is considering raising progressive tax rates on high-value single-home owners, while maintaining land transaction permit zones and planning new nuclear plants to support semiconductor power needs.
#YonhapInfomax #ProgressiveTax #SingleHomeOwners #BlueHouse #NuclearPower #RealEstatePolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100169
What if we taxed what people spend, not what they earn?
#Business #Economy #Taxation #IncomeTax #TaxReform #ProgressiveTax #ConsumptionTax #Economics #Saving #FinancialSecurity #WealthDistribution #FiscalPolicy #EconomicGrowth #IncomeInequality #The14
https://the-14.com/what-if-we-taxed-what-people-spend-not-what-they-earn/
Governments should tax based on assets instead of income!
#tax #assettax #incometax #taxpolicy #economics #taxsystem #landvaluetax #zakat #progressivetax
"Taxman" is a song by the English rock band #theBeatles from their 1966 album #Revolver. Written by the group's lead guitarist, #GeorgeHarrison, with some lyrical assistance from #JohnLennon, it protests against the higher level of #progressiveTax imposed in the United Kingdom by the #Labour government of #HaroldWilson, which saw the Beatles paying over 90 per cent of their earnings to the #Treasury. The song was selected as the album's opening track.
https://www.youtube.com/watch?v=Oyu5sFzWLk8
"Sunny Afternoon" is a song by #theKinks, written by #RayDavies and released as a single in June 1966. The track was included on the #FaceToFace album released in late October, and served as the title track for a 1967 compilation album. Like its contemporary "#Taxman" by #theBeatles, the song references the high levels of #progressiveTax taken by the British #Labour government of #HaroldWilson.
https://www.youtube.com/watch?v=tw555YwHE48
Now that they have amassed sufficient wealth, they have started to use it for regulatory capture. Lobbying, an end to progressive taxation, trickle-down economics, Ciziens United, and now their own pet fascist president. They are reasserting their *political* dominance of old, using fascist methodology.
#fascism
#RegulatoryCapture
#lobbying
#CitizensUnited
#ProgressiveTax
#feudalism
#neofeudalism
"Sunny Afternoon" is a song by #theKinks, written by #RayDavies and released as a single in June 1966. The track was included on the #FaceToFace album released in late October, and served as the title track for a 1967 compilation album. Like its contemporary "#Taxman" by #theBeatles, the song references the high levels of #progressiveTax taken by the British #Labour government of #HaroldWilson.
https://www.youtube.com/watch?v=tw555YwHE48
Here’s what you get when you replace a #ProgressiveTax with a #FlatRate tax: https://apnews.com/article/arizona-legislature-hobbs-school-vouchers-tax-cut-0bbf267957942c887335ab63d9104a89
The carbon tax needs fixing, not axing — Canada needs a progressive carbon tax
#Canada #ClimateChange #CarbonTax #GlobalWarming #ProgressiveTax #EnvironmentalJustice #Sustainability #ClimateAction #GreenPolicy #Inequality #EmissionsReduction
https://the-14.com/the-carbon-tax-needs-fixing-not-axing-canada-needs-a-progressive-carbon-tax/
Bit of UBI goodness. The only reason it's not implemented is because if people weren't stuck in underpaid jobs where corporations don't pay a living wage and welfare is used then they might ask questions.
And last time _that_ happened was the summer of 2020 which is why they've been desperate to "return to normal".
#UBI #CorporateGreed #CorporateWelfare #TaxReform #Welfare #ProgressiveTax #BLM
Thanks to @scottsantens for the meme and @KimSJ for the alt text. Boost away!
Overhaul the tax system so we are billed every year based on our total net worth. Bring back a #progressivetax rate up to 100% for incomes above one million dollars.
https://youtu.be/9yU_bVZqqYk?si=UQIQUTLpcmpJBtoq
