3 ms·
not sure about the top 3% but the top 1% have 34.6% of the wealth(measured in net worth) and the top 5% have 61.9%. (https://en.wikipedia.org/wiki/Wealth_inequa
by RamshackleJ 10y ago
not sure about the top 3% but the top 1% have 34.6% of the wealth(measured in net worth) and the top 5% have 61.9%. (https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...)
So yes! I do think its too little, especially in the top 1%. I think some moderately more progressive tax rates would be an improvement.
One of the things that appeals to me about UBI is that it is a dramatic simplification of welfare bureaucracy. I would love to see something similar to the way we calculate taxes. Simplifying and closing tax holes would help extract more taxes from people who should be paying more while not punishing wage earners who have most of their taxes preempted out of their paycheck.