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Robert Reich

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Never forget that the top 1 percent of earners account for more than a third of all unpaid federal taxes. Fund the IRS. Pass a wealth tax. Now.

And yet, Republicans refuse to increase funding for the IRS to correct this.

Eat the billionaires.

If the R’s are against more funding for the IRS to enforce the laws, because of big donors, but the are for police enforcement of the laws, does that mean if drug dealers, made large contributions to the R’s, they would be against enforcing drug laws.

No, bc drug laws are how they keep the poor down. It's how they justify militarizing the police, interfering in S American politics, & mass incarceration. Hundreds of companies profit from paying prisoners next to nothing. Or from housing them. And ofc Big Pharma...

Technically federal taxes NEVER provide revenue for govt spending. State/municipal taxes = revenue but fed taxes NEVER fund spending. 🇺🇸= monetarily sovereign & doesn’t need income to spend b/c it issues the dollar. All spending = new $$ as a result of political will in congress

To be honest, I rather defund the IRS

European countries did not find the wealth tax to be effective way to collect revenue and turned to a VAT instead. How can we avoid Europe’s failures to implement it successfully?

Nearly all counties and municipalities in America rely primarily on wealth taxes for their budgets. They call them real and personal property taxes. The majority of Americans’ only sources of wealth are their homes and vehicles.