Author | Lightnews

frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

How about everyone over the poverty level pay 20% of their total income no matter what the source, interest, dividends, rental property, etc. This would include all gov't benefits that push a family's income over the poverty level.
The law could be written on 10 pages so anyone could understand it

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frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

How about everyone over the poverty level pay 20% of their total income no matter what the source, interest, dividends, rental property, etc. This would include all gov't benefits that push a family's income over the poverty level.
The law could be written on 10 pages so anyone could understand it

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frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

We have an income tax not a wealth tax. If you raise the top rates to much you slow economic activity/growth. This has always led to more suffering for the poor.
You also risk driving wealth away from the country making us all poorer.
Rather than taking from the rich, help the poor earn more.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

Your socialism is showing.

frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

The problem is the tax code written by both parties over the decades.
Look at the Fair Tax Plan and much of what you object to will be addressed.
Things will not get better under the current system.
You have to think outside of the box.

frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

We have an income tax not a wealth tax. Do you want all your assets and all your parents assets houses, IRA's cars or other assets taxed?

frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

The only just way to draw districts are based solely on population with no consideration race, religion, wealth or political party.
AI could draw the maps in such a way that each district is as compact as possible.
If you want to demand better from politicians, I am with you.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

Reagan's tax cuts kicked off enormous economic growth. As Kennedy said, "a rising time lifts all boats". The vast majority of Americans lives improved with the economic boom.
If pre-Reagan tasx rates were smart the economic boom would not have happened.

frantzfranis.bsky.social @frantzfranis.bsky.social · 22h

Both Dem and Rep are responsible for our ridiculous tax structure. Any bill longer that 10 pages is so they can carve out special groups for favorable or punishing treatment.
They use the tax code to extort campaign contributions.

frantzfranis.bsky.social @frantzfranis.bsky.social · 23h

OK again I ask what is, "their fair share"? I have no idea how you come up with your last statement.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

Who determines the tax code, the tax rates? Not the president. Not the Supreme Court.
Congress is the electorates most direct line to national power. If your representatives are not providing the solutions you seek, vote for different representatives.
Demand better! Party doesn't matter! Ideas do

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

Give me a deep thought Chris. What do you think is fair? Do you think there may be a better tax plan than an income tax? I am open to any suggestions that make economic sense.
Criticizing is easy. Please provide a better alternative.
Get deep Chris, get really deep.

frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

I am open to any suggestion that makes economic sense.
A basic rule of economic is, if you want more of something you subsidize it, if you want less you tax it.
I want lots and lots of income but subsidizing that seems stupid.
Perhaps we need a better way than income tax.
Any suggestions?

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

1% of the population paying 40 % of the taxes while the bottom 50% pay 1% is not germane? I thought this discussion was about what is a "fair share".
What do you tink is fair.
Personally, I think the whole system should be trashed and replaced by the Fair Tax.
Look into it.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

The numbers I presented were from 2022.
I think the whole income tax structure should be trashed and replaced with the "Fair Tax". It is a much fairer and reasonable structure and does away with congresses ability to extort campaign contributions from those seeking to reduce their tax burdens.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

The Democrat party has been in control of congress for 38 of the las 60 years. Nearly twice as long as Republicans.
Neither party has done anything to address the regressive nature of the taxes you mentioned.
You should look for that in the next candidates you vote for.

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

Do the facts befuddle you or just scare you? When confronted and required to think you run away. Presenting an argument is hard when everything you say is based on "feelings".
Then, you have the effrontery to call me an ignoramus. You should be embarrassed, not that you have the sense to be.

frantzfranis.bsky.social @frantzfranis.bsky.social · 2d

Looking at those facts what is your conclusion, or do you not want to think about it?

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frantzfranis.bsky.social @frantzfranis.bsky.social · 2d