I agree. I chose a bad example.
'Maddening' Graphic Shows How for First Time in 2018, 400 Richest Americans Paid Less In Taxes Than Any Other Income Group
Not counting their $1.5 billion corporate tax breaks…
One piece of the puzzle that you are missing is payroll or SS taxes. Those are capped at about $128K of income a year. Many people scream about that cap, but benefits under SS are also capped. Those that pay in more get a lower return on those taxes than those that pay in less. Depending on how a writer figures the payroll tax rate, it would range from 7% to about 14% if the employers contribution was included. If you remove that cap, you remove the illusion that this is a social insurance program and make it fully a wealth transfer program.
Back in the 70s, a Honda Civic got somewhere around 50 miles to the gallon. Now a Civic gets an EPA avg of 34 mpg. Why? With our technology, they should get way better. In Europe, where the price of gas is MUCH higher, their cars get MUCH better mileage, too. We just prop up big oil for the benefit of the Kochs and all the rest.
“… Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security…”
–from our Declaration of Independence
The easiest way to demonstrate that the masses are disgusted with the vast wealth inequality, which is growing ever wider, is to not vote followed by huge numbers in the streets of every state Capitol and DC. The 1st business however is to march for the intertwined issues of climate change neglect and the treasury robbing illegal, immoral and murderous wars which are in large part a result of our government’s actions.
All fossil fuels and the production and sale of those products need to be Nationalized and all profits used for research and development for renewable energy sources and the subsidy of those new sources so that they are affordable. Coupons need to be issued to individuals allocating the amount to be used and that use needs to be taxed above certain amounts with all proceeds going as described above. At least then we could use the ‘poison’ to possibly save ourselves and the voiceless life that depends on our actions.
Good chiastic rhetoric, BigB. Thx.