'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Tax

Trump just called Netanyahu and told him to turn down the cease fire. All your complaints about Harris should be gone and Trump should be in prison for being a traitor promoting more death for political gain.

I'm hoping she's mostly just playing soft on Israel for now is to avoid more criticism of being antisemitic. When Israel started their attempted genocide, most of the Biden administration was silent on it, and we didn't hear or see anything from Harris, when she did eventually have a public appearance about a month later, she was pretty much the first person in the administration to say anything remotely pro-peace.

I'm probably just huffing copium but I hope she's just taking AIPAC's money (not sure if they are giving her any, but better in her hands than theirs) and getting through the election, and then going to go full prosecutor on Israel/Netanyahu.

I think she has to toe the line because she is still the acting VP. Going against the president in that position is not a good look. That said it makes knowing her actual position there really tough.

In the 2020 primaries the race was between the moderates and Bernie, why wouldn't she have felt comfortable being more progressive when Bernie was doing so well?

Loopholes are a consequence of tax law and enforcement. In theory, you can raise a lot of money for popular programs by aggressively pursuing tax cheats. In practice, we've built a society that hates the idea of taxation and yields social and financial rewards to people who open and defend new loopholes in the system.

At what point does the neighborhood PTA put two and two together, to conclude a big cut to property taxes must necessitate a big cut to school budgets? Idk. Seems like redder and poorer states have been forced to square up with this reality sooner. But these states also tend to be captured by the corporate interests that dominate their political systems.

But the real methods that the billionaire class have to stay free of taxation and regulation are in mass media and corporate lobbying. You can only do so much to hide your assets without rendering them valueless. Apple can bury its trillions in cash in a big hole in the ground, but then they can't spend it on anything for the business. The real way to free up that cash is to convince voters that a big tax cut for repatriating all that money will benefit the country more than a higher tax rate on the Jobs Family Trust.

There is some debate about the current usage, but many, if not most, Democratic politicians are arguably neoliberals. The model was promoted in the US by Bill Clinton, who championed a centrist, Third Way approach for the party.

I mean......is she single?

Tyty. Looked wrong but was too tired to tell why

I support a wealth tax as well, but even taxing income aggressively is a good start especially if it includes higher capital gains taxes.

I'm not super familiar with US tax law, but in Canada benefits like stock are taxed as income when granted. This would still be great.

The threat and urgency of climate change is all the more reason to take that money and apply it to those problems. Not only does that help tackle the issue directly, it takes resources away from the biggest contributors to the problem. You have asshole rich fucks commuting to the office by private jet.

Why do you assume the taxes have to go hand in hand with investing in war?

Nobody would be happier than me to see that happen, but seeing how nobody's ever done something like that before I have my doubts. Can't remember the last Democrat that actually got more radical than the platform they ran on. Certainly wasn't anybody in the last 50 years.

This is actually really helpful clarification, I did just miss some of that. It's no wealth tax, but it's better than nothing.

Vice President Kamala Harris will push to increase the corporate tax rate to 28% from the current 21%, her campaign said Monday, the first day of the Democratic National Convention in Chicago.

Coming days after she unveiled a four-part economic package that would provide tax relief to working and middle-class Americans, the corporate tax proposal marks Harris’ first effort to detail how she would pay for her policy platform should she win the presidential election.

"As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” campaign spokesperson James Singer said in a statement. “Her plan is a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”

Pro tip: Have other people do the scratching.

The only way to become a billionaire is to exploit the labor of others.

Ya!

That’s just distraction legislation, not what people truly need. This has been happening since the early days of the election process, but none of these measures address the real needs of the public because it’s all political theater. The actual control lies elsewhere (i.e. global elite). I’ve been aware of this for decades, but only recently have others started to see it too.

i'm sorry but it sounds like you are coping. you know this won't happen.

are you seriously exchanging a few empty promises from a politician for what will be covert fascism again?

i might have put the word "harris" on my filterlist. why is this "news"

Or even just astronomy. They can predict a comet's position long before it gets to where they predict it will be. And they will be right.