In a recent interview Harris said this in reply to a question about paying for here proposals.
“But we’re going to have to raise corporate taxes,” she said. “We’re going to have to make sure that the biggest corporations and billionaires pay their fair share. That’s just it. It’s about paying their fair share. I am not mad at anyone for achieving success, but everyone should pay their fair share.”
Have you ever heard a definition of “fair share” except perhaps more?
Hammering at billionaires, corporations and fair share is a political tactic that remains undefined so it can be anything people perceive it to be.
It also creates the illusion that more new things we want from government, together with dealing with our deficits and debt, Social Security and Medicare funding can be paid for by someone else without adverse consequences for all.
QUINNSCOMMENTARY 
I think most of us would be fine if corporations just went back to 90s tax rates – the last time we balanced the budget coincidentally – and billionaires paid the same effective tax rate as the middle class. I can’t blame them for using the existing tax strategies to pay a zero percent tax rate – it is on us as voters to demand a change and vote for representatives who propose change.
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Or (early) 80s for personal tax marginal brackets.
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Amen brother. It is funny, MAGA seems like such a nostalgic movement, except for the part where we actually had tax policies that balanced the budget.
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This time, the post says: “But we’re going to have to raise corporate taxes,” she said. “We’re going to have to make sure that the biggest corporations and billionaires pay their fair share. That’s just it. It’s about paying their fair share. I am not mad at anyone for achieving success, but everyone should pay their fair share.”
Less than a week ago, you posted: https://quinnscommentary.net/2024/09/25/tax-free%e2%80%bc%ef%b8%8f/ which stated, in part:
”“Those taxes must come from everyone as much as we want to deny it.”
My response is the same:
“… ok by me. Once everyone starts paying federal income taxes, you can come back to me for more. Until then, NO MORE or as Bush 1 said: Read my lips, no new taxes!” I voted for him and do not regret my vote. We don’t have a revenue issue. We have spending issues.
25 years ago we had $2 Trillion in federal revenue and $2 Trillion in spend. Today we have $5 Trillion in revenue and $7 Trillion in spend.
Obvious what the issue is. …”
Is it only the corporations and billionaires, or is it everyone who must pay more to fund Harris/Trump promises?
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as long as folks are told there is a free lunch they will expect one–spending is the issue–
today the fiscal year ends with a budget deficit of $1.9 trillion or 6.7% of GDP–unprecedented in a period when we haven’t had a full scale mobilization for war or a major recession.
5-years ago the deficit was 4.6% of GDP (pre COVID) so it is 2.1 points higher than the 6.7% above.
revenue as a share of GDP is now 17.2%–5 years ago 16.3%–in dollars that is $3.5 trillion in 2019 and $4.9 trillion for this fiscal year.
interest in 2019 was 1.8% of GDP and now 3.1% of GDP.
health care like Medicare and Medicaid was 5.3% of GDP in ’19 and 5.8% this fiscal year. An aging population could explode these figures.
money is flowing with pretty much a full employment economy–but spending is the runaway problem.
folks like brother Quinn and Ms. Harris are in love with Medicare for All and we will be fed the line that it is really less expensive–sure, the same folks saying the same thing about Obamacare–why would I trust them now especially when the solution to our debt problem is to raise taxes when over spending, see he numbers, is our obvious problem.
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Somehow I don’t think anyone in DC knows or cares about the deficit or the debt but only the next handout to some group, like $25k to first time home buyers. The simple truth is the numbers can’t be managed now and inflation causes more spending year over year. There is no way new spending can be added without cutting some old spending.
Medicare for all makes insurance paperwork easier but it breaks the bank and sends us down the road to ruin on a dead run.
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remember, the folks making the spending and revenue decisions are not acting in a vacuum–we elected these folks–your person and mine–we, as a people, really think there is a free lunch–maybe the media has driven us to this position–maybe we directly benefit from spending–whatever it is just walk outside and look up and down the street and ask if the neighbors want to make the hard choices–probably not and they figure other folks should pay–look, they pay property tax–state tax–excise taxes–sales tax–levies to enter some of our big cities–folks are taxed up the wazoo and folks like Quinn & Harris want to add more with more new programs, but don’t worry no cost to you and we’ll save money long term.
student loan forgiveness–then a $25,000 housing subsidy, that will just be added on to the price of a home and the subsidy does nothing to increase supply–only demand!
Remember James, when you hear “fair share” think Hunter Biden–the coke addicted influencer who made millions selling access was too coked out to pay his taxes (says lawyer Abbey Lowell) or even file taxes–but he could bring in the paychecks.
What a hoot ,the corpse wandering around the White House with his “fair share” rhetoric, while down the hall Hunter had no intentions of paying or filing.
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Where’s her highness gonna’ get the votes to do this ? Me thinks she’s pandering.
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Surely you’re not suggesting that the Harris/Walz plan will not work as stated. Billionaires are going to have to step up and help us out and the corporations with their well heeled executive teams. That is where the money is, it is not down here with the peon class, I’m all tapped out and can’t give any more.
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