Do you think congress may have forgotten how their job works? Like I remember learning the importance of congress in middle school. Power of purse and all that. Why is the congress petitioning the president for legislation? Can we please replace the congressmen who don’t understand what their job description is? Every day in the news its just “Legislator asking someone else to do their job” “Legislature confused on how laws are made” “legislator claiming the presidents office is just better at making laws”
is a ridiculous idea, but one that should be shot down in congress.
Far more revenue would be generated for society if there was no capital gains tax advantage at all instead of giving another huge advantage to investor class. This is a better idea than wealth taxes. To avoid the double taxation argument, allowing corporations to deduct dividend payments would still raise extreme revenue, with dividend income taxed the same as other income. It would also improve dynamic capital allocation as more funds flowing to investor class would permit them to support newer, more promising, investments.
Corporatist supremacy oppresses the investor class. This tax change would mean less dividends paid because it would be an even greater tax advantage to boost corporate share prices instead of ever paying back investors
That is a good idea. Probably too nuanced for a main stream campaign but something a senate committee could at least work on. The incentives to form monopolies and perform buybacks has really stopped a lot of progress and entrenched the wealth inequality. CEO’s paid in stock options to avoid taxes, there’s a lot of ways you can hammer the money out without Main Street noticing.
Seems improbable if one side is considering how to reduce taxes for their donors, and other side is looking at fair taxation policies. I’m not sure that such committees can be formed if minority is pessimistic on agenda for it.
highly improbable but still a good idea.