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I thought that we in the U.S. were already socialists, just to a lesser degree than Europe and Canada. The poor and middle class already pay well over 50% of their income on state, local and federal taxes with our current tax system. All (most) of the taxes levied in the distribution chain get added to the price of goods and services which the poor and middle class spend most of their income on with little left over.
I suspect that increasing the taxes paid by the wealthy and corporations might make these goods and services cost even more when they are added to the final prices.
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