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See, people aren't advocating such high taxes on people making 400K a year, they're advocating it for people making 4 million+ a year. This is a major misconce
by deepnotderp 9y ago
See, people aren't advocating such high taxes on people making 400K a year, they're advocating it for people making 4 million+ a year.
This is a major misconception I see on both sides of the argument, (but definitely more of an issue on the "rah rah Laissez-faire crowd") the worry isn't really about the "1%" who are doctors and engineers who make ~$250K/year after working hard, the worry is really the people who make 20 million dollars a year with nowhere near a proportional value add.