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justinian

“You can’t solve most of America’s issues with a single policy, that’s imp-“ Raising taxes on the wealthy:
254 upvotes, 67 comments. Yik Yak image post by justinian in US Politics. "“You can’t solve most of America’s issues with a single policy, that’s imp-“

Raising taxes on the wealthy:"
upvote 254 downvote

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Anonymous 5w

99% wealth tax pls. Tax on unrealized gains. Tax on overseas investments. Billionaires should not exist

upvote 107 downvote
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Anonymous 4w

Literally just tax the wealthy and fund social benefits for lower and middle classes. I don’t give a shit how socialist it is.

upvote 14 downvote
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Anonymous 4w

but have you thought about the shareholders? and what this would do to them?

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Anonymous 4w

Upvote this if you’ve taken an economics class…

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Anonymous 4w

ay bruh what happens when they leave

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Anonymous 5w

- there is a finite amount of money, and that amount money not circulating is bad for reasons I shouldn’t need to explain - that money almost always is not being spent, it’s just hoarded - these billionaires mistreat their workers A LOT because they could afford to materially improve their lives but chose not to - that much money with one person is a threat to democracy for reasons I shouldn’t need to explain Need I continue?

upvote 97 downvote
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Anonymous 5w

Such as Trumps small loan of a million dollars?

upvote 78 downvote
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Anonymous replying to -> #1 5w

yeah everyone shits on the loan, but could you turn 3 million into hundreds of millions?

upvote 7 downvote
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Anonymous replying to -> #5 5w

You’re missing the point. How tf is anyone in this current economy who isn’t already wealthy going to get a MILLION DOLLAR LOAN

upvote 46 downvote
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Anonymous replying to -> #1 5w

also “net worth” isn’t cash they have, it’s all in stocks and it’s unrealized gains.

upvote 12 downvote
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Anonymous 5w

Ok, what’s the social mobility index of America compared to other parts of the world? If it’s truly that easy to make it in America, we should be at or near the top

upvote 34 downvote
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Anonymous replying to -> #5 5w

Trump is ass as a businessman. He could’ve parked that money in the S&P and sat with his thumb up his ass for 60 years and done better lmao

upvote 28 downvote
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Anonymous 5w

I said social mobility index. It should not be hard to find the most recent report

upvote 26 downvote
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Anonymous replying to -> #5 5w

I mean if I’m allowed to do a bunch of fraud like he did? Probably yes.

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Anonymous replying to -> #1 4w

The government can print infinite money , that’s literally the power they have . So the federal government doesn’t have to “balance the budget” in the same way states do since they can literally just print money. They don’t because inflation, but. Richest man is 100 billion 10 years ago, now 800 billion. Nobody got poorer for that.

upvote 4 downvote
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Anonymous replying to -> #5 4w

Yeah I could turn 3 million into hundreds of millions if the guy who loaned me the original few million was also my dad, who had hundreds of millions in real estate, and died, leaving me his real estate portfolio lmfao Trump is the exact opposite of the “rags to riches” story that everyone uses to defend people like Bezos lmao

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Anonymous replying to -> #3 4w

Underrated comment asf, I forgot they literally did the math and confirmed he would have made more if he just made some basic stock investments 🤣

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Anonymous 4w

did you have anything else to say besides “nuh uh” whilst misspelling “wreck”?

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Anonymous 4w

The problem with you “basic economics” mfs is that you never get around to taking advanced economics

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Anonymous 4w

Are the “basic economics” in the room with us right now? oh no are they talking to you?! surely you have a source right? Because i can provide one regarding the economic growth that occurred while there was a >90% marginal tax rate in place

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Anonymous 4w

you must be failing, or a first year.

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Anonymous replying to -> #6 4w

or just disingenuous as fuck.

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Anonymous replying to -> #6 4w

and that one major spike in the modern century is Covid-related, hence why it lines up with a minor recession

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Anonymous 4w

you obviously didn’t see my comment already discussing that massive spike related to the GLOBAL pandemic; which is indicative of the global markets recovering from the crash that we suffered under the pandemic. you’re both an Econ major and an imbecile :)

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Anonymous 4w

see that’s something you have to provide sources for, rather than just claim bullshit out of your own biased spite. taxes, statistically, do contribute to the GDP, and having a higher tax rate statistically correlates to a higher GDP; hence why we see that period of small growth whilst still being in plenty of wars (the Vietnam war specifically, as well as Iraq, Afghanistan, etc etc etc)

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Anonymous replying to -> #6 4w

are you trying to imply that the Korean War is responsible for that massive gdp spike, and not a top marginal tax rate of 91% against the top earners (which was in place in q3 of 1950)? unless you have a source that directly supports your claim, respectfully shut your mouth ;)

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Anonymous replying to -> #6 4w

(the reason why I bring up the other wars, is because based on your own argument, we’d have similar gdp spikes during our periods of industry reinvestment during those wars)

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Anonymous 4w

Ended 1945, you utter imbecile.

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Anonymous 4w

the Korean War however, was from 1950-1953.

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Anonymous 4w

Small scale conflicts? The ones where we dropped more ordinance than both theaters of WWII combined? Those were small scale?

upvote 6 downvote
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Anonymous 4w

and we were 5 years out of world war 2, so like I said, unless you can source a claim that actually supports your argument, respectfully go fuck yourself lmfao

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Anonymous replying to -> #6 4w

Cite a source** not “source a claim”

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Anonymous 4w

you are the one who claimed that the gdp spike was a result of it, so the burden of proof is on you. a question is not evidence, surely you must’ve learned something about citing sources in your time as an Econ major? or did you cheat your way through and think no one would notice?

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Anonymous replying to -> #6 4w

(my money is on the latter, for clarification)

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Anonymous 4w

so you can surely cite a source if it’s that easy, right? unless you’re just bullshitting, like we know you are.

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Anonymous 4w

and it was taught to you to only look things up and never confirm their validity, nor to cite where you got said information?

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Anonymous replying to -> #6 4w

Everything aside, you do see the issue in that right?

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Anonymous 4w

and how does anyone know you actually have a “formal education” in the topic when you can’t even engage in the most basic level of academic integrity? it sounds like you’re lying about your background in order to garner some type or perceived “authority” in a topic you’re so clearly bullshitting on.

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Anonymous replying to -> #6 4w

Type of*

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Anonymous 4w

are there any statistics in there to support the claim? When you’re citing right-wing think tanks as a supported source, that damages your credibility going back to the topic of citations, which you should’ve learned about if you actually earned an economics degree, you need to SIFT through sources to determine any potential biases they may contain; hence why it’s recommended to not utilize opinionated sources like think tanks, and rather to utilize academic studies and pure statistics

upvote 6 downvote
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Anonymous 4w

you apparently do because you think it qualifies you to discredit statistics in favor of your opinionated biases. if your claim, and the claim of the FEE, were true, we’d see similar economic growth continuing into the 21st century under other wars, specifically Afghanistan.

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Anonymous 4w

Here’s another of their opinion pieces, dr zitelmann is a historian and sociologist, not an economist btw :)

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Anonymous 4w

it’s ironic you think that me, a STEM major teaching you about the proper method for sourcing your claims, is a liberal arts major (as if there’s anything wrong with that, coming from you, an Econ major who can’t even comprehend their own major)

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Anonymous 4w

and yes, a think tank. You do know what those are, right?

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Anonymous 4w

My first macroeconomics professor was from Eastern Europe and on the day we discussed the concept of Inelastic Demand she used healthcare as the example and was like “this is why I think it’s kind of silly that America doesn’t universalize healthcare like other countries, knowing the demand is inelastic” lmfao not every Economist is a supply-side bro

upvote 8 downvote
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Anonymous 4w

have you offered a single statistic to support your claims? (Which is all they are at this rate, claims (baseless I might add given your refusal to support them)) I’m pointing out the nature of the FEE because you’re attempting to use opinion pieces as if they’re statistics.

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Anonymous 4w

America is a big country, with a big economy. The biggest economy. Even per capita, highest GDP in the world. What’s the point in being the richest nation on the planet if you can’t provide for the most basic life and death needs of your people?

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Anonymous 4w

How come every supply-side freak is alright with throwing infinite tax dollars at weaponry, but as soon as it comes time to talk about actually getting something in return for our tax dollars, suddenly that’s too hard. Suddenly the richest nation on earth has no fuckin money.

upvote 8 downvote
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Anonymous 4w

That conservative platitude at the end there really undermines your broader point, man. Do you think American steel got considerably worse after we took it from Carnegie? Because it didn’t. Plain and simple. Blanket statements like “goobermint bad at doing things” are just fuckin stupid, especially for someone who was going on about the “nuances” of universal healthcare lmao

upvote 11 downvote
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Anonymous replying to -> #13 4w

there’s no point, this guy is citing think pieces and AI summaries in the face of statistics; I almost feel bad with how bad they’ve been failed by their institution if they actually are a college student

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Anonymous 4w

Wow, the right wing party that came into power on a platform of privatizing national industries privatized a national industry? Who would’ve ever thought?

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Anonymous 4w

I’m saying your ability to support your own claims is nonexistent, and the fact that you couldn’t deduce that given the context of this conversation speaks waves about your ability to engage in critical thought.

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Anonymous 4w

and with all due respect your professor should’ve taught you how to actually research and support your own claims, but yes, it’s important to consider how statistics is being represented to ensure it’s not skewed: this exact topic is discussed whilst also learning how to SIFT through sources :)

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Anonymous 4w

Mfw the pro-privatization government intentionally starves national industries to justify their privatization, and I actually fall for it lmao

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Anonymous 4w

Brother that’s literally the first chapter of the Thatcher/Reagan playbook. If your goal is to shrink the government, and privatize programs, but the people like the programs you want to privatize, then you have a problem. You need to make those programs unpopular. So what do you do? You starve them until they start to fail, and then you point to the failure and say “See? Government doesn’t ever work” and then sell it off to the highest bidder. This is Neoliberalism 101 stuff.

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Anonymous 4w

Both parties have abided by the politics of Ronald Reagan since the 1990s. Reagan became THE Republican. Clinton marked a notable neoliberal shift within the Democratic Party, pushing similar privatization policies under the banner of “reform.” If you think the Reagan playbook is irrelevant in 2026 America, then this isn’t a conversation worth having, even with your economic credentials. Dismissing the current influence of Reagan tells me you ain’t up on Political Science at all.

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Anonymous 4w

I think you’re confusing me and that other guy for being the same person.

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Anonymous 4w

I directly provided you with year over year GDP changes from 1947-current, and you provided a think tank. If you want to be taken seriously and/or engage in these conversations, you need to know how to actually support your arguments. otherwise, why should any of us entertain your nonsense when you’re not even capable of supporting yourself?

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Anonymous 4w

if you don’t know the meaning of the acronym, SIFT, then you’re proving my point regarding your lack of knowledge regarding proper citations. https://guides.lib.uchicago.edu/c.php?g=1241077&p=9082322

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Anonymous replying to -> #6 4w

it’s okay if you would like to believe that economic growth was solely spurred by a wartime economy, but the issue is you’re refusing to back that up (aside from a single opinion piece, which does not qualify as an actual academic source)

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Anonymous replying to -> #6 4w

Lastly, if you were to actually cite some empirical evidence that supported your claim, I would be willing to reconsider my own (as all mature individuals do), but can you see why we’re stuck in this loop? all I’m asking for is for you to materially support your claim, or otherwise acknowledge if you’re not able to.

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Anonymous replying to -> troybolton12 4w

We finally rest, and watch the sun rise on a grateful universe

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Anonymous replying to -> #3 4w

the middle class just fills the same role bro

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Anonymous replying to -> #3 4w

unless money is obsolete

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Anonymous replying to -> troybolton12 4w

They all say this but they never do, if they wanted to leave they would have done so, look at New York City

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Anonymous replying to -> #13 4w

Clearly they have not experienced the trickle down economics yet 🤩

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Anonymous 4w

Yet we had the most thriving middle class when the wealthy and corporations paid more in taxes in this country

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