A SCOTUS case aiming to protect rich people from taxes could lead to chaos for the federal government’s finances.

The plaintiffs’ arguments in Moore v. United States have little basis in law — unless you think that a list of long-ago-discarded laissez-faire decisions from the early 20th century remain good law. And a decision favoring these plaintiffs could blow a huge hole in the federal budget. While no Warren-style wealth tax is on the books, the Moore plaintiffs do challenge an existing tax that is expected to raise $340 billion over the course of a decade.

But Republicans also hold six seats on the nation’s highest Court, so there is some risk that a majority of the justices will accept the plaintiffs’ dubious legal arguments. And if they do so, they could do considerable damage to the government’s ability to fund itself.

  • SCB@lemmy.world
    23·
    1 year ago

    Lol your own links are about these being conspiracy theories atop conspiracy theories

    In the year 2020, head of the World Economic Forum, Klaus Schwab published a book titled COVID-19: The Great Reset.[33] Some right wing conspiracies on websites such as 4chan and the Daily Stormer (among other right wing websites)[34][35] claim the book argues that the COVID-19 pandemic is an opportunity for politicians and governments to change the world’s economies, societies and structures of government, by introducing a system of “Stakeholder Capitalism”, doing so via the guidelines of a plan known as ‘The Great Reset’[citation needed]. Schwab also refers to his goals as “The Fourth Industrial Revolution”.[36] Other authors have criticized The Great Reset as being a form of Neo-Feudalism.[37][38][39]

    Tried to find fun quotes from your other links, but they’re all too good.

    Imagine thinking rich people falling for prepper bullshit means they’re all cooperating on a secret plan to have vastly worse lives than they do today lol

    • spaceghoti@lemmy.oneOPEnglish
      41·
      1 year ago

      The very first one describes the steps they took in the fifties to regain power by collapsing our government. This is the culmination of their plan. Did you think they had no end game?