WealthDistribution
- Piketty, Saez, Stantcheva on optimal taxation of top incomes.
- https://eml.berkeley.edu//~saez/piketty-saez-stantchevaNBER11thirdelasticity.pdf
- There is a claim on Wikipedia that the paper finds that rent-seeking is a primary cause of increases in income inequality.
- The Forecloser: https://www.cc.com/video/u128k0/the-daily-show-with-jon-stewart-the-forecloser
- CEO Income Gap: https://www.epi.org/publication/ceo-pay-in-2021/
- Comedy Song Guillotine: https://www.youtube.com/watch?v=TMHCw3RqulY
- 8 v. 4 Billion
- https://old.reddit.com/r/antiwork/comments/13dn5jq/8_guys_against_4_billion_people/
- https://old.reddit.com/r/Political_Revolution/comments/13dn5xj/8_guys_against_4_billion_people/
- https://old.reddit.com/r/WorkReform/comments/13dn5ji/8_guys_against_4_billion_people/
- https://old.reddit.com/r/WhitePeopleTwitter/comments/13dn5qn/8_guys_against_4_billion_people/
- Mike Pence, Taxation, Fair Share
Notes
Pence Tax
- https://old.reddit.com/r/politics/comments/14sjbvu/mike_pence_mocked_for_saying_i_dont_really_buy/
- https://www.independent.co.uk/news/world/americas/us-politics/mike-pence-rich-fair-share-gop-primary-b2370690.html
Former Vice President Mike Pence has been mocked for saying the quiet part out loud about taxing the rich, during a campaign stop.
“I don't really buy into the rich need to pay their fair share,” he told an audience of potential Republican primary voters.
Mr Pence appeared alongside Iowa Republican Representative Randy Feenstra at the Wells Visitor Center and Ice Cream Parlor in Le Mars, Iowa, on Wednesday when he was asked by an attendee about billionaires such as Elon Musk and Jeff Bezos avoiding taxes while ordinary people are “stuck footing the bill”.
“There’s no question that the tax code today creates a lot of different carve-outs for people who can shelter funds, keep dollars away,” Mr Pence said, according to the Kansas Reflector. “I’m somebody that, I don’t really buy into ‘the rich need to pay their fair share.’ When you look at the statistics of where we actually get our funding from the government, the top 10 per cent of earners in this country pay about 90 per cent of the money that goes into the federal treasury.”
In 2021, ProPublica reported that the 25 richest Americans paid an income tax rate of 3.4 per cent between 2014 and 2018. Mr Pence is arguing that when it comes to net taxes, the wealthy pay more.
A study by the centre-right Tax Foundation think tank indicated in 2018 that the richest one per cent paid more than 40 per cent of total federal income taxes.
Mr Pence said any Republican president should make the tax cuts passed during the Trump presidency permanent as they’re set to expire in 2025.
“I’m not one of those people that buy into the Democrats’ message about fair share, because I guarantee you that Americans at the top of the income level carry the overwhelming burden for government costs in this country,” Mr Pence told attendees.
Communicating with Pences
There are those who focus on reaching the Mike Pences of the world by reason. Who believe that appealing to his better nature will work.
There are others who believe that there are some Mike Pences who cannot be reached. Mike Pences whose control of government and the economy enables them to self-deal while harming the masses, and that they will continue to do so regardless of data or reason.
History has many cases of society leaping forward after the latter group has lost their patience and acted directly. So while one may, as I do, lament the happening of these things; the reality, that these things are an important part of the long cycle of advancement, is well established.