Where Nevada’s Revenue Comes From
Here is a graph of Nevada’s Revenue stream. Check it out. While looking at it, remember that Nevada comes in dead last in almost every area that matters, from health to intelligence to poverty.
Take a look at the slice of the pie that is the largest – sales tax. Sales tax is one of the most regressive types of tax because it affects the poor and middle class the most.
So, in Nevada, we see an example of what it’s like when the rich are not expected to pay their fair share. Do you see any income tax on the wealthy? Any taxes on billion dollar bankers? Any taxes on billion dollar mines? No? Me neither.
So the rich get a free ride and the poor and middle class are saddled with everything.
Well, Nevada, how is that working for you? Does it attract business having no income tax? No, I guess not.
When will you ever learn, Nevada?
But the bigger question is what on earth are we doing trying to bring the rest of the country down to Nevada’s level by following their tax structure and giving the billionaires a free ride while expecting the poor and middle class to work for less and carry a greater portion of the cost?
When will America ever learn? It’s time to throw out the failed Republican policies. We’ve been here before, America, it was called the Great Depression and it didn’t work so well back then.