We were told corporate tax breaks would lower costs, give workers raises, improve the economy.
Instead, corporations spent trillions of their tax breaks on self-enriching stock buybacks.
Trickle-down economics is a scam.
That's why our economy is upside down right now.
Well.
Elon Musk is the first trillionaire.
There is no amount of taxes America could reasonably levy that wouldn’t leave him insanely rich.
But even a 1% wealth tax could make a difference for millions of folks in our healthcare, education, and infrastructure.
Will we do it?
Is America about to get its first trillionaire because our tax system is rigged, or is our tax system rigged because America is about to get its first trillionaire? 🤔
100 of America's biggest corporations have bought back over $4.8 TRILLION of their own stock since Trump's first term.
Those tax buybacks are taxed at 1%.
If we'd taxed them at 4%, we'd have raised $200 BILLION in revenue.
We are being scammed.
If this country is going to create the conditions that allow one man to be worth $1 TRILLION, we sure as hell had better be asking him to pay his fair share back to us.
BREAKING: America's biggest corporations have spent $4.8 TRILLION on stock buybacks since Trump cut corporate taxes in 2017.
Worker pay isn't keeping up with inflation. Costs are skyrocketing.
But executives are getting richer and richer.
Raise the tax on stock buybacks.
Americans for Tax Fairness
Elon Musk is the world's first trillionaire.
"He doesn't actually have $1 trillion, it's all on paper. So you can't tax it."
He can borrow against it. It gives him leverage and power. He can cash it in at any time.
If it's really enough to live on, it's real enough to tax.
