#payyourfairshare — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #payyourfairshare, aggregated by home.social.
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From 2024: #Louisiana lawmakers pass income and #corporate #TaxCuts, raising statewide #SalesTax to pay for it
By JACK BROOK
Updated 8:55 PM EST, November 22, 2024
BATON ROUGE, La. (AP) — "Louisiana’s #GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted after his original tax reform package faced mounting resistance from lawmakers and lobbyists."The final passage of the tax measures wrapped up a special legislative session launched Nov. 6 by the governor and his allies. They said their purpose was to make the state’s tax code more business friendly, create jobs and reverse trends of outward migration from the state. It was the third special legislative session called by Landry, a Republican, since he assumed office in January.
"Critics warned the tax reforms would primarily benefit corporate #shareholders and #wealthy taxpayers while the sales tax increase would exacerbate Louisiana’s regressive tax system where #poorer households pay a higher percentage of their income on taxes."
Read more:
https://apnews.com/article/louisiana-tax-reform-special-session-landry-95db6e608809dcdcfae5f5de8b0355d4#KillThePoor #TaxBreaksForTheRich
#TaxTheRich #PayYourFairShare #LouisianaPol #USPol #CEOs #Corporations #Millionaires #Billionaires -
Well, here's a good use of #AI. Now, let's make it so!!! This is the #GiantLeap we all need to survive!
I Asked #ChatGPT What Would Happen If #Billionaires Paid Taxes at the Same Rate as the #WorkingClass
Story by Laura Beck
10/23/2025Excerpts:
What That Money Could Actually Buy
"To put these numbers in perspective, ChatGPT explained what this kind of revenue could fund. Even the conservative estimate of $500 billion per year could pay for transformative programs.
"That amount could cover free public #college tuition, universal pre-K programs, massive #infrastructure investments and a huge #healthcare expansion. It could fund comprehensive #ChildCare support and #FoodAssistance programs.
"The AI emphasized that we’re talking about enough money to fundamentally change how the government operates and what services it can provide."
The Global Ripple Effects
"ChatGPT pointed out that if major economies like the United States started taxing billionaires at working-class rates, it could encourage similar moves worldwide.
"This might lead to reduced global tax avoidance, more coordinated international tax policies and pressure on tax havens to reform their systems.
"The AI said this could create a positive cycle where it becomes harder for the ultra-wealthy to avoid paying their fair share anywhere in the world."
#World3 #SolarPunk #PayYourFairShare #Billionaires #TaxTheRich #UltraWealthy #NoTaxHavens #SocietalChange #ShareTheWealth #SolarPunkSunday