We should all be "poverty abolitionists." "We could fund powerful antipoverty programs through sensible tax reform and enforcement. A recent study estimates that collecting all paid federal income taxes from the top 1 percent - not raising their taxes, mind you, just putting an end to their tax evasion (note from MW: the first thing the new GOP House did was undo provisions that gave the IRS the capacity to do that) - would add $175 Billion a year to the public purse. That's enough to more than double federal investment in affordable housing or to re-establish the expanded child tax credit. In fact, an additional $175Billion a year is almost enough to lift everyone out of poverty altogether." nytimes.com/2023/03/16/opi…
@marwilliamson We continue to try and figure out how to extract wealth via income taxes without success. Let's attack the problem from a different angle that's proven to work in other parts of the world: Value Added Tax w/ exceptions on essential goods and heavier weight on luxury goods.
@marwilliamson How are the trillions we have spent on poverty since the Great Society going? Have we eradicated poverty with the past 60 years of government programs? Why do you think more government programs will be effective?
@marwilliamson Too bad your party won't let you. #uniparty
@marwilliamson This is a Great and Comprehensive article ... This Wealthy Country has the means to Abolish Poverty ... We just need a President like ... MARIANNE WILLIAMSON ... who is willing to do it!
@marwilliamson Capitalism requires poverty, it keeps the reserve force of labor strong.
@marwilliamson Yes. There’s no financial reason to tolerate poverty. It’s a matter of political will, not $$ (which fed gvt & its agents create). Yes, we need. sensible tax reform. However, don’t go down the tax/spend neoliberal rathole. Fed tax $$ don’t pay for stuff. Talk to Stephanie Kelton.
@marwilliamson In my perspective, a reform needs to include a UBI/Negative Income Tax. 🙂