The 1% need a tax increase. Their souls cry out for it.

Sure, rich Americans tout the greatness of trickle-down economics. But deep down, the country’s biggest freeloaders are begging the masses to put a stop to their dishonesty.

1% 70% of unpaid taxes

“We all too often have socialism for the rich and rugged free market capitalism for the poor.”

― Martin Luther King, Jr.

Strange times. ‘Merica has got issues. Big issues. Big, syphilitic, moronic issues.

Though it’s quite stressful at the moment, I personally welcome the current upheaval and chaos. The oligarchy-friendly status quo only continued to become more evil over the years—and the Covid-19 outbreak has pushed this ugly greed to new heights. The rich will continue to take-take-take if we don’t say anything.

America’s true white trash are the top earners who think they’re victims of the system. Many of these rich folks spout anti-Semitic views, but they themselves display the worst of the money-grubbing stereotypes that get used to stigmatize Jewish people. America’s inequality is a sight to behold: those who benefit most from it also receive heavy amounts of ridicule. And wow: this derision and scorn really gets under their thin skins. These days, it’s all about financial security mixed with emotional and spiritual insecurity for the fat-cats.

Remember when Jeffrey Epstein got busted? The average American thought it sounded perfectly logical that many of America’s richest men could conceivably have booked a trip to Child Molester Island to hang with Jeff Epstein and Ghislaine Maxwell. The oligarchs want to be seen as pillars of society, but the masses view them as overprivileged simpletons who can’t keep their dicks in their pants.

This WaPo piece from Larry Summers is six months old, but packed with relevant information about the problem. Facts are facts: the 1% game the system and only want to game it further.

Some of Summers’ key insights:

• more than 70% of the “tax gap”— owed but uncollected taxes — is the fault of the top 1% not paying enough.

• the tax gap will be more than $7.5 trillion over the next decade.

• reducing this gap by just 15% would bring in an extra $1 trillion.

• ten years ago, around 12% of folks with annual incomes above $1 million got audited; in 2018, just 3.2% got audited.

• the IRS audited less than 1% of corporate returns in 2018—but these corporate audits averaged almost $1 million in extra revenue.

• people with incomes of less than $50,000 are more likely to be audited than people who earn $500,000+.

• the IRS has not been able to invest in newer technologies that would increase their ability to collect and also work more efficiently—this is the result of rich people pressuring the government.

Mr. Summers said it: “Why is the federal government leaving so much money on the table? Part of the answer is that there are powerful interests that want to maintain a system that facilitates evasion.”

The same rich Americans also promote white supremacy. Racism is good business for Wall Street. The financial sector has pulled in almost $1 billion in profit from what they call “police brutality bonds.” These are high-interest loans given out to cities and counties to help them pay out money from lawsuits against violent cops.

What funny times these are. The American status quo wants to be a patriarchy, but there are no qualified patriarchs. So…howzabout we strive for equality instead? Not only do I think this sounds like a good idea, everyone thinks this is a good idea. Even the rich folks whose words say otherwise. If this crowd’s true confidence matched the levels of its bluster and bravado, they wouldn’t be so pissy and irritable all the time. People who are secure with themselves do not act like America’s 1%.

But what do I know? I’m only a guy with revolutionary ideas like education is a good thing and racist billionaires should not run the world.

 

Check out my fiction

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s