alt Hacker NewsThis is how the uniparty works:
1. Republicans get elected. Pass bills that cut taxes for businesses and ultra high net worth individuals. Maybe toss some crumbs to people.
2. Democrats get elected, notice budget deficit from previous cuts. Propose increasing taxes on W2 working class, including white collar. Businesses and UHNW people continue with their tax breaks and schemes.
3. Back to p.1
High taxes don't work, that's why Europe is stagnating badly, and declining in many areas.
When you directly compare the US to Europe, the gap is widening rapidly.
Pretty clear that the high tax model is a complete failure. Not to mention a European brain surgeon is paid like a slave compared to an American one, and you can make those comparisons across any industry.
A Senior Engineer in Stockholm makes less than a new grad in the US, for example. And pays higher taxes!