Part 3/7:
What Stevenson proposes is simple yet profound: reduce the tax burden on ordinary working people while increasing taxes on billionaires. This suggestion runs contrary to the typical rhetoric from right-leaning commentators who advocate for lower taxes across the board, framing it as a universal benefit. However, as Stevenson points out, the impact of tax cuts varies dramatically along class lines.
For instance, a 1% tax cut for the wealthiest individuals translates to substantial savings, while such a reduction for minimum wage earners is negligible. Consequently, it becomes clear that the push for lower taxes often reflects a desire to benefit the affluent at the expense of social equity.