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Rob (c137)'s avatar

Last I remember the corporate tax was 90% only above a certain amount... I think that's fair and if we had that today, high profit margin companies like Apple would not be able to hoard so much cash or funnel it out to shareholders.

Taxing tips is relatively new, the neocon Reagan did that so he could cut corporate and capital gains taxes. It's crazy, we're one of the few countries that pays some service workers less than minimum wage and assumes tipping. This shifts the burden onto the customers and off the owners of the restaurants...

As for the debt, I've always asked since high school as to who do we owe this to? The bankers and the wealthy. It's basically a way to sell off the government to finance! It's also how wars can get easy funding with the tab pushed onto the majority of Americans who get Jack shit from the industrial military complex's money pit.

I found it especially funny that the patriot missile system that we sent to Ukraine is such a piece of shit, still running on the same hardware that it did during Bush's first Iraq war. It was also notoriously unreliable back then as it is now in Ukraine and the tech behind the so called "iron dome" that Israel uses.

Meanwhile, Yemen is beating the US military with cheap drones and Iran was able to get past the iron dome with normal weapons.

They also supposedly have hypersonic weapons developed by Russia (and China??).

It shows how we are a failed empire because instead of actual productive work, we waste most of our money on corporate welfare that they cash out via stock buybacks and profits.

Perhaps the cause of all this is the tax cuts which made it easier to extract wealth from companies instead of using it to improve tech and working conditions... Cough Boeing πŸ˜‚

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Lugh's avatar

We want to run War as a money making business. Thus real nations, Fascist or National Socialist, can defeat us in the end.

Capitalism/Communism are about matter. Fascism/National Socialism are about Man.

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