return2ozma@lemmy.world to News@lemmy.world · 10 months agoA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.comexternal-linkmessage-square43fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square43fedilink
minus-squarePowerpoint@lemmy.calinkfedilinkarrow-up0·10 months agoThis isn’t inflation. This is greed. Record profits with soul crushing wages. Governments that allow this are complicit. We need heavy windfall taxes
minus-squareevranch@lemmy.calinkfedilinkarrow-up0·10 months agoWindfall taxes are reactive and bad policy in general. What we need is a return to pre-Reagan tax policy. Higher upper tax brackets, corporate taxes, and the closing of loopholes that allow the rich to hide their wealth offshore.
This isn’t inflation. This is greed. Record profits with soul crushing wages. Governments that allow this are complicit. We need heavy windfall taxes
Windfall taxes are reactive and bad policy in general.
What we need is a return to pre-Reagan tax policy. Higher upper tax brackets, corporate taxes, and the closing of loopholes that allow the rich to hide their wealth offshore.