Swizzo
6.7K posts

Swizzo
@jswizzo
Minding my business until your business messes with my business or when your business messes with the business of those without a voice.










Jeff Bezos says that the bottom 50% of Americans should be exempt from income tax. The bottom 50% of income earners in the US pay only 3% of total federal income tax revenue. The government would barely notice if that number went to zero. But for the people in that bracket, the difference is enormous. A nurse making $75,000 a year is paying over $1,000 a month in taxes. That's $12,000 a year. Money that could go toward rent, groceries, childcare, savings. $1,000 a month back in someone's pocket isn't abstract stimulus. It's a car payment. It's the difference between building savings and living paycheck to paycheck. The investment angle here is interesting. If you eliminate income taxes for the bottom half of earners, you're injecting disposable income directly into the part of the economy that spends almost all of it like consumer spending, housing, retail, restaurants. This isn't a new idea. It's been floated from multiple corners of the political spectrum. The math actually works at the federal level because the revenue loss is small relative to the total tax base. The top 1% pay more in federal income tax than the bottom 90% combined.





















