October 8, Democrats
Increasing tax is always bad for common people because the government doesn’t properly allocate funds and there is no strong system that can implement this. By saying this the speech of Biden seems in the fever of labor or workers but reality doesn’t make the sense.
“If you’re working here at this facility, or your spouse is a teacher of the firefighter, there is no reason why combined, why millionaires and billionaires in this country should be paying at a lower tax rate than you do”, President Biden said.
But most of the tweets are against Biden’s speech. They claim that Biden is paying less than that and not managing the system. the top 1% of income earners those who earn more than $540,000-earned 21% of U.S income paying 40% of all federal income taxes. The 10% earned 48% of the income and paid 71% of federal income taxes.
The issue is not paying the taxes it should be how to properly manage taxes and allocate meaningful things.