The Crystal Ship or 'TCS' is a former North American shortwave pirate radio station, founded in 1982, reactivated in 2004, betrayed and busted in 2011. Now known as the TCS Shortwave Relay Network, with shows broadcast by other pirate radio operators. 'The Poet' and 'The Radical' program left-leaning political opinion, and specialize in music from the '60s, '70s and '80s.
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I think it's important to separate tax rates for capital gains vs dividends. For some reason everyone likes to lump them together, while they are actually two different animals.
ReplyDeleteDividends have already been taxed at the corporate tax level, so a lower tax rate makes some sense. Alternatively, allow dividends to not be taxed at all at the corporate rate, and then fully tax them at the individual rate, the same as wages. It's difficult to get more "fair' than that.
It is also important to remember that dividend income is often a significant percentage of total income for those who are retired. So you're going to be hitting a lot of seniors if you increase dividend tax rates, something that is often glossed over.
Capital gains, especially short term, probably deserve to be taxed as the same rate as income.
Once again, when the Great Oligarch and Privileged party uses the tools of the State to protect their wealth and social rank, that is true class warfare!
ReplyDeleteUsing the laws of the land to keep down the working class, that is true class warfare!
Questioning the rights of the bourgeoisie, in terms of them paying their fair share in this society, is not class warfare, only common sense!