Leftists and Taxes

[ysabetwordsmith]

wenchpixie wrote this for the snowflake_challenge  on Day 3:

I am fiercer now than I was, and more determinedly left wing - it's easy to say you want equitable taxation when you don't earn much, but I do still believe in solid taxation now that I pay more.

This suddenly got me thinking about how this will play out over the next several years. Suppose you are a person who believes in paying your fair share toward public goods like education or bridges that don't collapse. The incoming administration wants to gut all of that.

So what will you, as a leftist with a livable or better budget, do if the administration slashes taxes and hands you $XXXX extra money that you didn't expect to have? Keep it and use it for fun, like a vacation? Keep it and invest it in capital improvements to your home or business? Keep it and save for retirement? Kill off a hanging debt? Donate it to charity? Find some public project you can put it toward?  Invest in green energy or something else to fight climate change?  Support something the incoming administration despises  such as refugees or the whole QUILTBAG? Pick an area where America is totally failing, like affordable housing, and buy or build something that will solve a local bit of it? Or something else? Any of those might be a good choice depending on circumstances.

Regardless of what your choices are,  it will likely be better to think about this in advance than be surprised by it and flail around trying to figure out a good path on the spur of the moment.  This seems like a useful topic of discussion here.

Comments

Thoughts

[ysabetwordsmith]

That's a logical plan. Once you close in on clearing the debts, you could start mulling over other options.