Is there any defending the sheer ridiculousness of our economic system at this point? When you take the environment into account, the whole thing seems more and more like a rapidly accelerating suicide trip. I gotta be honest, I was mostly ignorant to this insane bullshit before I read this article. I knew our tax code was fucked in favor of the rich but I didn’t realize how deep that ran exactly. It’s not like I’ve ever had a ton of investment income.
This piece is also fairly hilarious because it’s not like Bloomberg is some left wing media outlet but even they’re like, ummm, what these d-bags are about to try and do to the tax code makes exactly zero sense whatsoever. (From Bloomberg):
Let’s say you and I are neighbors. You’re an emergency room doctor, and I don’t work, thanks to a pile of money my grandparents left me.You spend your days and nights stitching up gunshot wounds and helping children survive asthma attacks. I’ve gotten really good at World of Warcraft, winning EBay auctions, and frying shishito peppers to just the right crispiness. Let’s also say we both report $300,000 in income to the Internal Revenue Service this year. Who pays more in taxes?
You do, by a lot. You owe the IRS about $38,500 more, assuming each of us pays the maximum with no special deductions. I also have more flexibility to lower my burden with tax planning strategies and other tricks, and I get to skip about $24,000 in payroll taxes that you and your employer must fork over each year.
Thad McKraken is a psychedelic writer, musician, visual artist, filmmaker, Occultist, and pug enthusiast based out of Seattle. He is the author of the books The Galactic Dialogue: Occult Initiations and Transmissions From Outside of Time, both of which can be picked up on Amazon super cheap.