July 4, 2022

Good News – Half of Registered Voters Support Higher Taxes

A recent survey conducted by the Huffington Post and Data for Progress found that half of registered voters support higher taxes as part of Democrats’ agenda. The results come at a time when Republicans are pursuing big tax cuts, which they say will stimulate economic growth. But if their plan is to work, it has to be offset with spending cuts elsewhere in order to maintain fiscal responsibility. The survey asked people what they would look for in a federal budget, and half of registered voters said they support higher taxes as part of it. Twenty-nine percent supported significant cuts to military spending, while only 28% wanted significant tax cuts.

When broken down by party affiliation, the results are even more interesting. Among respondents who identified themselves as Democrats, 73% supported higher taxes in the budget. The same percentage of Republican respondents supported at least some increase to military spending. These results raise questions about Americans’ priorities in how they want their tax dollars spent, especially considering that many of them are living with stagnant wage growth or financial struggles themselves.

According to the Bureau of Labor Statistics, inflation-adjusted hourly wages only increased by 0.2% last month. In addition, a recent Gallup poll found that Americans are struggling with credit card debt at record rates. Only 63% of adults have paid off their credit card bills in full every month within the past year. Another 13% said they only paid the minimum balance due each month. This means that roughly one quarter of all Americans can’t afford to pay off their credit card bills. And while some may chalk this up to lack of financial discipline, others suggest it’s a consequence of stagnant wage growth and an economy leaning on low-income jobs.

This is an American phenomenon. The United States is the only advanced economy in the world that doesn’t guarantee some form of paid family leave for new parents. Only 14% of workers had access to any kind of paid family leave last year. This puts U.S. employees at a disadvantage, especially women who are having children and either don’t have the means to take unpaid leave or have to use sick days in order to stay off work while they’re pregnant.

The infrastructure industry is also seen as a low-income sector of employment, and companies are struggling more than ever to fill vacancies due to lack of qualified applicants. In addition, there is a shortage of skilled tradespeople in the construction industry, which has led to a bidding war for employees. With low unemployment rates and intense competition among employers, it’s no surprise that wages are finally starting to rise.

This is how many Americans feel about taxes: We all hate paying them, but we especially don’t like wasting money. And the government has a bad habit of spending money where it’s not needed. So maybe we ought to consider why people would want higher taxes, and if we can make better use of those funds. They’re probably doing something right – at least enough to convince half the country that it’s a good idea.

With more and more people moving towards a cashless society, and with the likes of China and India taking steps to become completely cashless societies themselves by 2020, it is becoming easier for corrupt governments – especially those who openly arrest political dissidents – to seize wealth from their countries’ citizens.

Now, with the latest scandal exposed in China, it appears that this is exactly what’s happening

A new study has exposed that around 10 billion yuan ($1.5 billion) worth of Chinese people’s money is seized each year by corrupt government officials via illegal taxation schemes. This amount accounts for more than a quarter of all the taxes collected in China each year.

The scheme works by government officials using tax agencies to seize cash, jewelry and other forms of wealth from citizens without providing documentation that the seizures are legal. And when citizens attempt to reclaim their property or challenge these seizures, they can face retaliations that include imprisonment, torture and even death.