Flat Tax Reckoning For Wall Street Overlords
Here’s the tax reckoning: a single flat rate of 27.5 percent on every paycheck and every paper gain, a $25 floor under every wage, zero loopholes, zero mercy. The rich call it radical. I call it arithmetic. Billionaire portfolios swell untaxed while you subsidize their payroll. Time to pull the plug.
Paycheck Hunger in the Shadow of Record Corporate Profits
I walk the produce aisle and watch a mother put back strawberries because rent came first. She works forty hours at a burger griddle that threw off more cash to shareholders last quarter than it paid in wages for a year. CEOs brag on earnings calls that inflation is “price-flexibility” while the grocery bill morphs into a ransom note. This is not a misfire of policy. It is extraction: labor squeezed until the pulp bleeds and the dividend gushes.
Debt-Soaked Democracy: Treasury Interest as a Billionaire Dividend
Nearly one trillion dollars a year now leaves the Treasury as interest. That is more than we spend on every school child, more than we spend keeping bridges from crumbling. The bondholders cash the coupons, lobby to keep tax loopholes alive, then lease the same government back to us at interest. They borrow our democracy at wholesale and rent it to us at retail. There is a word for that. Colonization.
Minimum Wage Myths Mask a National Subsidy to Poverty Wages
Corporate lobbyists swear that a living wage kills jobs, but the death they fear is the end of free labor subsidies. SNAP, Medicaid, and housing vouchers are the hidden line items that let megacorps pay nine bucks an hour. Taxpayers cover the gap. That is socialism for shareholders. A federal floor of twenty-five dollars an hour would slice those subsidies, shove dignity back into the paycheck, and make corporations pay their own freight.
Wall Street’s Tax Gymnastics: Buy Borrow Die and Dodge the IRS
Jeff Bezos borrows against Amazon stock, buys a yacht longer than a football field, deducts the interest, and pays zero on the gain. When he dies his heirs get the stepped-up basis and the tax disappears like a conjuring trick. The waiter who serves champagne on that yacht pays more federal tax than the man who owns it. That is not ingenuity, it is grand larceny with an Ivy-League gloss.
Accountants as Mercenaries: How Loopholes Became Legalized Theft
The Big Four do not keep books, they write battle plans. They invent Cayman shell games, bury profits under debt, and call the resulting hole “negative income.” Every trick is then sold, franchised, and shoved through Congress by armies of cuff-linked bag-men. The Internal Revenue Code is no longer law, it is a choose-your-own-adventure for the ultra-rich.
Capitol Complicity: Lobby Money Drafts the Tax Code, Not Congress
Eighty-seven percent of retiring members of the tax-writing committees slide straight into K-Street partnerships. They lobby their former interns and call it public service. Corporate PACs ghostwrite amendments in exchange for a fundraiser on the owner’s skybox. Representative democracy? No. This is feudalism in cheap suits.
Cable News Chatter Hides the Ledger Lines of Class Warfare
Pundits argue over kitchen-table culture wars while never once showing the federal ledger that proves who feeds and who feasts. Ads for prescription drugs buy the silence. The real story is not left versus right. It is top versus everyone.
SNAP Lines and Insulin Rationing: The Human Cost of Policy Capture
While Wall Street sets year-end bonuses, nurses crowdfund insulin for patients choosing between rent and breath. Food banks park semis outside shuttered factories. These are not glitches. They are the design. Misery disciplines labor, keeps the wage floor low, and the dividend yield high.
Flat 27.5 Percent: Same Rule, Same Rate, No Escape Routes
Here is the counter-strike. Tax every dollar of labor income and every dollar of yearly wealth growth at 27.5 percent. No deductions, no cubbyholes. Wages, stock bumps, crypto pops, real estate flips, art-auction steroids, all of it. Brokerage firms already track mark-to-market. Private-asset tycoons above ten million in net worth file an annual appraisal or sell the toy. The math: a 30.5-trillion-dollar base times 27.5 percent yields 8.4 trillion. The government runs on seven and throws 1.4 trillion at the debt. Principal gone in roughly twenty-one years.
Twenty-Five Dollars an Hour or Bust: Ending Corporate Welfare
Pair the flat tax with a living-wage law. Twenty-five bucks an hour, indexed to inflation, regional adders where the rent devours paychecks. Payroll cost for a fast-food combo goes up nine percent. The burger still costs less than a latte. What vanishes is the welfare line that silently subsidized corporate margins.
Mark to Market Justice: Taxing Wealth Growth Before It Hides Offshore
No more waiting for assets to “realize.” Each December opening bell to closing bell difference is income. The billionaire posts a portfolio gain, the IRS sends the invoice. Can’t pay? Sell stock or sign a five-year installment plan with market-rate interest. The farm next door stays exempt until the owner crosses ten million and hires lobbyists.
Exit Tax at the Door: No Passport to Paradise for Fiscal Traitors
Dream of fleeing to Monaco? Fine. Forty percent of unrealized gains is due the day you renounce your citizenship. Capital flight becomes capital seizure. The flag is not a hotel concierge for runaway money.
Surplus Future: Debt-Free Books or Trains, Clinics, and Clean Power
When the bonds are retired we can slash the rate to twenty-one percent and hand the windfall to taxpayers, or keep 27.5 and build the century. High-speed rail, universal pre-K, a vaccine factory on every continent, a carbon-free grid that lights the sky with union labor. Pick. The surplus is a weapon. Aim it.
Choose: Lower Taxes, New New Deal, or Balanced Power Sharing
Three doors stand open. 1) A smaller flat tax and more take-home pay. 2) A public-works flood that rivals the Interstate boom. 3) A hybrid that trims the rate and still funds moon-shot projects. Any path is possible once Wall Street is forced to pay cash for its power.
Last Warning: Democracy Will Not Survive Another Decade of Free Rides
I have reported from picket lines, foreclosure auctions, neonatal wards, and shareholder meetings. The story never changes. Billionaire immunity is paid for with working-class blood. We can end it with one clean law: twenty-five bucks an hour, 27.5 percent on every dollar of gain, no escape. The math works. The morality is airtight. The only missing variable is public fury. Either we wield it, or we watch the republic collapse into gated kingdoms. Choose rage. Choose memory. Choose action.
Keep Me Marginally Informed