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Comment by tzakrajs | Hacker News Reader

We already have had a government takeover of private, legally gotten wealth in the form of Republican tax legislation that continues the transfer of wealth from the lower and middle classes to the top 0.1% of families through relaxation of corporate tax rates.

Edit: Censored parts of my comment that dang would probably call unsubstantive

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Taxes are transfers. Elimination of taxes are reducing transfers.

I can’t tell if your attempt at oversimplifying was done in good faith, but if you paid attention to recent tax legislation you would see that the elimination of taxes is only permanent for corporations and not low income families. If the elimination of taxes isn’t happening fairly then the transfer of wealth is unsustainable. That is a problem.

Im surprised that people are so eager to protect their overlords when our friends and family finances are getting destroyed by the federal governments policy.

Glad everything is hunky dory wherever it is you live but my culture and nation is heading towards revolution.

> Im surprised that people are so eager to protect their overlords when our friends and family finances are getting destroyed by the federal governments policy.

All the better reason to reduce taxes and reduce spending. Then the federal government can't be destroying your friends and family.

Except "reduce taxes" on corporations is not helping anything. In fact its causing the nations deficit to grow and programs are being cut that help the poorest people. The federal government is still destroying our friends and family.

We've become an oligarchy, a corporate welfare state

Your explanation was a lot clearer than mine.

And it was facile and therefore incorrect.

Republican tax legislation that continues the transfer of wealth from the lower and middle classes to the top 0.1% of families.

Ahem.

The top 0.1% of earners pay more than 20% of the total taxes collected.

The bottom 43.8% of earners pay only 1.4% of the taxes.

If the rich are making money off the backs of the poor, it's certainly not through our income tax system.

Source: https://www.pewresearch.org/fact-tank/2017/10/06/a-closer-lo...

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