alt Hacker NewsSad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
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The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs).
We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after.
More tax money just gets wasted at the top. California is a good example of this. They pay more in taxes than any other state and have almost nothing to show for it but a failing education system, crumbling infrastructure, and high crime.
The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs.
The tariffs Trump had in place were a good start.
What we need is to cap all wealth at $200k. Any more than that and it is 100% taxed away. Inequality is the number one problem. And it should apply to unrealized gains as well. E.g. houses should not be more than $100k. And if you have a beneficial interest in something it should count as owning the whole thing. The taxes should be distributed to the poorest.
Of course if you oppose this you are wealthy and are a money hoarder. Inequality is the number one problem.