As part of his proposed budget (click here) for the upcoming fiscal year, President Joe Biden on Monday released a proposed minimum income tax rate applying to the highest-earning Americans, marking the first time the White House has ever directly targeted billionaire wealth after a similar Democrat-proposed measure failed to move forward last fall....
Of course, the tax proposed is appropriate, but, is it loophole proof?
March 28, 2022
The president’s proposed budget (click here) would raise taxes on billionaires and corporations as well as increase spending on the military and domestic priorities like affordable housing and supply chain issues....
As the wealthy find joy in housing that is ridiculously priced higher, the need for affordable housing will be heard more and more. This entire paradigm is wrong. Are there workers living where they work? That is the responsible approach in the time of the Climate Crisis. Are there homes affordable based on payrates?
Anyone that understands a supply chain whereby the physical presences of workers are needed in producing goods, knows there has to be housing, schools and opportunity. The idea the wealthy can get away with scoffing up hideously outrageous profits while asking workers to be existing on low pay rates and poor benefits aren't serious about the company's product or profit.
American companies enjoy a great deal of security and need to contribute their fair share for the services they receive in producing their product.
