politics @lemmy.world · 7 months ago

'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time

www.commondreams.org

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'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time

www.commondreams.org

jeffw@lemmy.world to

politics @lemmy.world · 7 months ago

'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time | Common Dreams

www.commondreams.org

"It's time to tax the billionaires," economist Gabriel Zucman argues in a new analysis.

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7 months ago
Once again, the problem is that the banks aren’t being taxed. The reason the billionaires don’t pay taxes is that they buy everything with money they borrow from the banks.

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