3 ms·
Well, rich people may buy higher quality, but they don't buy proportionate to what average and lower classes spend. The rich invest in tax shelters and other v
by crankylinuxuser 9y ago
Well, rich people may buy higher quality, but they don't buy proportionate to what average and lower classes spend. The rich invest in tax shelters and other vehicles to make more money.
So it ends up that tax hurts the poor a hell of a lot worse than the rich. And the fact that 7% of someone who is "poor" is a hell of a hit on the low wage they already get (and taxed on).
35% on labor tax, but only 18% on investments. I'm pretty sure Warren Buffet came out on that talking point a while back.