| ▲ | smallmancontrov 10 hours ago |
| You're right, it's not one lie, it's a pack of lies, trotted out every time congress needs to justify another capital gains tax cut or rationalize why the next tax hike needs to target work not wealth. |
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| ▲ | ghurtado 10 hours ago | parent | next [-] |
| It's much more than a set of lies, it's an entire cultural phenomenon 100% USA made. Unlike many of our worst ideas, I'm actually surprised this one didn't become more popular around the world. |
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| ▲ | smallmancontrov 10 hours ago | parent | next [-] | | I've been reading about the US progressive era of 100 years ago and I am seeing from Robber Barons many of the same arguments that I heard growing up from my Reagan-worshipping parents. It's both frustrating and encouraging to know that we soundly defeated these at one point before the pendulum swung back. They didn't invent a new pack of lies, they just put the old one in the microwave and gave it 30 seconds. I suspect that were I to learn about the industrial revolution I would find that the US Robber Barons didn't invent their talking points either and that they simply took British Industrialist talking points and, err, gave them 3 minutes on the stove. | | | |
| ▲ | econ 10 hours ago | parent | prev [-] | | That's quite funny. I recall several people not even responding but just silently staring at the proponent. Other bad ideas (like privatization) were adopted by repeating opposing talking points. |
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| ▲ | twoodfin 10 hours ago | parent | prev [-] |
| When is the last time either of those things (capital gains rate cuts, tax hikes on the lower 90% of income earners) happened? I think it’s been decades by now. |
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| ▲ | smallmancontrov 10 hours ago | parent | next [-] | | OBBB Opportunity Zones? Bonus depreciation? If you are unfamiliar with these or their applications to tax avoidance, you are outing yourself as a wagie running defense for your economic betters. | | |
| ▲ | twoodfin 10 hours ago | parent [-] | | Sorry, which of those are capital gains rate cuts or tax hikes on workers? | | |
| ▲ | smallmancontrov 10 hours ago | parent [-] | | Those are both capital tax cuts. The hikes on labor come later, when the debt needs to be paid and Democrats are once again tricked into being fiscally responsible. |
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| ▲ | vlovich123 10 hours ago | parent | prev | next [-] | | When did the previous tax cuts get rolled back vs getting extended in perpetuity? | |
| ▲ | biophysboy 10 hours ago | parent | prev [-] | | TCJA made changes to corporate capital gains, no? As for tax hikes <90%, this hasn’t occurred in income; the opposite has occurred. You could make the case that it hasn’t been worth it for the poorest brackets though, given other coincident policy changes |
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