The Rich pay a higher share of Taxes in the US than In Europe

[OSR stands with Israel]

Keep in mind this graph comes from a left wing economist not a right wing one



Source:https://mobile.twitter.com/amorygethin/status/1459159978342813702

Here’s another graph



Source : https://opportunitywa.org/u-s-federal-income-tax-structure-most-progressive-in-the-world-more-than-offsets-regressively-of-state-local-taxes/


This whole idea Europe pays for their social programs through taxing the rich more is just not accurate. They pay for it by taxing consumption which taxes everyone and not just the rich .

[100% pro-choice no matter what]

Top 10%, sure. The difference is in the top 0.1%. The billionaires and multi-millionaires.

[OSR stands with Israel]

Top 10%, sure. The difference is in the top 0.1%. The billionaires and multi-millionaires.

See the first graph as well

[Sprouts Farmers Market ✘]

The author's conclusion/recommended policy approach is presented later in the thread:

https://twitter.com/amorygethin/status/1459159987515793408?s=20

[Sic Semper Tyrannis]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

[jojoju1998]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

Most European Countries operate under the economic solidarity model. EVERYONE pays in. So everyone enjoys the Benefits.

That's why you see drastically high personal income tax rates across the board in Norway for example. As well as a VAT Tax. Everyone pays into the System. Rich and Poor. You're all treated equally, and you all pay into the system equally.



Also; they have other mechanisms as well. Stronger unions. The European Union model I think is far more effective. Minimum Wages. Free education.

[OSR stands with Israel]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

Well fundamentally the US is a more consumerist and individualistic  society than Scandinavia and even many Western Europe nations , which is why progressives here have to make the argument of taxing the rich to pay for social programs .

[Drop Billionaires, Not Bombs]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

Most European Countries operate under the economic solidarity model. EVERYONE pays in. So everyone enjoys the Benefits.

That's why you see drastically high personal income tax rates across the board in Norway for example. As well as a VAT Tax. Everyone pays into the System. Rich and Poor. You're all treated equally, and you all pay into the system equally.



Also; they have other mechanisms as well. Stronger unions. The European Union model I think is far more effective. Minimum Wages. Free education.

This, theoretically, might also be why social democracy is easier to sell in those countries than the US. One of the reasons that welfare is historically looked down upon in the US (relative to other things) is that not everyone pays in and not everyone receives. That's why Social Security and Medicare are land mines for most Republican politicians, especially in the post-Trump era and without Dubya or Paul Ryan in the picture.

Still, the median voter is always for less taxes but more domestic spending. The problem is that it isn't possible to have UK-style healthcare with a US-style tax model.

[Mr.Bakari-Sellers]

Biden is at 50% anyways if an incumbent is at 50% it's over the R party is 47% the RS don't even have a budget for the Debt Ceiling the rich needs to pay more and BLM includes basketball, Football and white and blk actors, Pat Mahomes and Steph Curry support blk reparations and the taxes will come from them

[Zohranism is OUR future]

The uncomfortable truth is that the difference is in the middle class. Nobody wants to admit it.

[Mr.Bakari-Sellers]

If I won the Lottery they take off taxes from the top anyways anything you win gambling even on Game shows like Wheel of Fortune 37K they take taxes out anyways, just think about gambling and see how much taxes they take out and you would agree that rich needs to pay just like 100K pyramids they take out a lot of taxes why to pay for students loan forgiveness that people's don't pay back and Pell grants for school

[Alben Barkley]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

I am shocked to see this from a "socialist."

The uncomfortable truth is that the difference is in the middle class. Nobody wants to admit it.

There is some truth to this, as well as some truth to the idea that this is how the European social democracy model works. Everyone might pay higher taxes, but everyone gets more benefits as well. It's a trade-off.

[Sic Semper Tyrannis]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

I am shocked to see this from a "socialist."

I'm not remotely opposed to taxing the f**k out of the rich. I think we should strive for a world where billionaires don't exist at all, and millionaires are incredibly unusual. I just understand that doing that doesn't give enough money to pay for a welfare state on its own. Like it or not, most people will have to pay more taxes if we want a system that protects human dignity and helps everyone live a decent life. For most the benefits offered by the programs will be greater than the cost.

Thinking about it more, I think the type I got mad at in the above quote aren't a huge component of the "taxing the rich is how we pay for things" mindset.

[100% pro-choice no matter what]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

I am shocked to see this from a "socialist."

I'm not remotely opposed to taxing the f**k out of the rich. I think we should strive for a world where billionaires don't exist at all, and millionaires are incredibly unusual. I just understand that doing that doesn't give enough money to pay for a welfare state on its own. Like it or not, most people will have to pay more taxes if we want a system that protects human dignity and helps everyone live a decent life. For most the benefits offered by the programs will be greater than the cost.

No?

[Sic Semper Tyrannis]

The "just tax the 0.1% to pay for a social safety net" is bad and dumb. The idea seems to be about getting free stuff by punishing an "other" (that rich people are mostly bad people isn't really relevant) rather than actually making a better society for all.

I am shocked to see this from a "socialist."

I'm not remotely opposed to taxing the f**k out of the rich. I think we should strive for a world where billionaires don't exist at all, and millionaires are incredibly unusual. I just understand that doing that doesn't give enough money to pay for a welfare state on its own. Like it or not, most people will have to pay more taxes if we want a system that protects human dignity and helps everyone live a decent life. For most the benefits offered by the programs will be greater than the cost.

No?

The countries with functioning social safety nets consistently have high taxes across all income levels.

[Sic Semper Fascistis]

Interesting data. Frankly it goes to show that we could use to learn a thing or two from the US as far as taxation goes. The broader point that policies that even out the distribution of pre-tax income are more effective is well-taken, though. Note that also includes social spending, of course, which means that it's not just a matter of how money is raised but also of how it's spent. Because the US spends a lower share of its revenue for social spending (and because that social spending often comes in regressive forms), its effect in equalizing incomes is much lower compared to many European countries.