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Eric Fehrmann's avatar

The price of a Snickers was $ .05 in 1960 , $1.75 today, 3,000. % increase in 65 years. I know there was no sales tax then, but since then the increase of inflation certainly has been mirrored in the tax collected. So, why the need to increase the tax rate? Maybe Gov. is outspending revenue?

JamesRocklynTaylor's avatar

Maybe we can stop blaming the left and stop blaming the right, stop blaming poor and go after the rich. And someone who has a net wealth of 10M is not rich in the sense that they are destroying our livelihoods. Since 1980, the United States has experienced a massive upward transfer of wealth, with an estimated $79 trillion in wealth shifting from the bottom 90% of households to the top 1% by 2023. Driven by policy changes, this era saw top 1% wealth holdings rise to 27% by 2022, while the bottom 50% remained below 3% of total household wealth

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