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magicarpet

(18,455 posts)
2. The rich really avoid their tax responsibilities to keep the government running.
Fri May 23, 2025, 08:52 PM
May 23

1.) They allow the debt to run up higher and higher. But they make a killing twice. Little of their income is wages but listed as capital gains. Then they get massive taxbreaks each year and so do their companies.

2.) Then when there are tax shortfalls the deficts balloon. But that is okay,... the rich loan the money to the government which should have been the fairshare taxes they owed. The rich buy government bonds to finance the government deficits and then realize tax free income from the intrest payments for the government bonds.

So the rich pay very little into the system to keep the government running. They just sit back and wait for the money to show up at their door.

As said above in the previous post - the middle class gets slammed with the tax burden to keep the government up, running, and functional.

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