434
Raise taxes on all 930 billionaires in the United States
(files.catbox.moe)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Jun 2026
434 points (100.0% liked)
Progressive Politics
4692 readers
895 users here now
Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)
(Sidebar still a work in progress post recommendations if you have them such as reading lists)
founded 3 years ago
MODERATORS
I agree with him in principle but the "poverty" line hasn't been raised in years. The amount needs to be in the lower middle class bracket. $75-80k is probably good so if you make that much, you won't pay income taxes.
What he and other progressives need to hammer home is that billionaire wealth doesn't help society and in fact hurts it. Money is only useful when it's used. Billionaires literally can lose a million dollars and they won't feel it.
We also need to fix the welfare cliff. Gaining a raise should always increase the money in your pocket or break even unless you're making a theoretical maximum wage.
https://www.portangelesfoodbank.org/real-talk/2025/12/5/the-poverty-line-is-a-lie-what-that-means-for-our-community
Poverty is probably closer to $130-150k for a family of four than the $31k calculated by the fed. Mostly because we still calculate the poverty line as "food costs equal to or more than 30% of your take home" and then we pour mountains of money into food subsidies, keeping the poverty line artificially low.
They can dump millions into any political campaign they want. For the avg citizen every dollar has to be carefully rationed.