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Today’s news about Janet Yellen calling for a global minimum corporate tax rate was pure comedy.
In the midst of trying to raise taxes that the administration knows but can’t say will make the U.S. less competitive for multi-nationals, our treasury secretary asks the “global community” to shoot themselves in the foot right along with us.
It not only defies logic, it’s downright idiotic.
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Sic transit gloria mundi (so shut up and get back to work) -
New York is about to give us a natural experiment on raising taxes and the limits of tolerance of incompetent government.
https://nypost.com/2021/04/05/concern-4b-in-tax-hikes-in-ny-budget-deal-will-cause-exodus/
Of course, journalists believe that millionaires are an endless supply of revenue (tack on a wealth tax, and … whee!).
https://www.sacbee.com/news/politics-government/capitol-alert/article250360616.html
Millionaire’s Tax Bill Would Create Additional Tax on CA Millionaires
To be clear, I’m nowhere near paying any of these taxes. But I believe that we should be encouraging everyone, no matter how poor, to save money and invest. The war on savings essentially eliminates the easiest path to upward mobility for most people. To be fair, some of the initial proposals were dead on arrival, but look at this list!
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Thanks for the articles. I would be smacked by about 6 of the 10 tax proposals.
The degree to which ca and ny try to tax the wealthy is astounding.
judging by the progressiveness of its tax code, CA should change its road construction signs to read “THEIR tax dollars at work”
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Sic transit gloria mundi (so shut up and get back to work)
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