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> The wealthiest 1% of Americans alone pay 50% of the federal income tax. The bottom 80% pay only 15%. You're confusing wealth with income.
by amlgsmsn 11y ago
> The wealthiest 1% of Americans alone pay 50% of the federal income tax. The bottom 80% pay only 15%.
You're confusing wealth with income.
- aianus 11y agoI'm aware of the distinction but it doesn't make a difference to my argument. If MegaRoboCo Inc. and their contemporaries are making $1 trillion a year each in 2050, the tax revenues (corporate, capital gains, income on dividends, income on executive compensation, whatever) can be enough to support the resulting mass unemployment.