> If people want to reduce the tax burden on folks with low incomes just scraping by, the way to accomplish that is by increasing taxes on corporate profits, very large incomes, large inheritances, etc. However, the wealthy in this country have largely succeeded in a 50-year campaign to redistribute wealth upward.
It's an unpopular opinion (because of the propaganda campaigns waged by the wealthy), but a wealth tax is very much needed in this country. The income tax is fundamentally designed to prevent the accumulation of wealth. So us worker bees bear the costs of financing government, while the wealthy, who owing to their accumulated wealth, do not need or have an income, get to reap the benefits.
It's an unpopular opinion (because of the propaganda campaigns waged by the wealthy), but a wealth tax is very much needed in this country. The income tax is fundamentally designed to prevent the accumulation of wealth. So us worker bees bear the costs of financing government, while the wealthy, who owing to their accumulated wealth, do not need or have an income, get to reap the benefits.