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Wage inequality is just a labor aristocracy, divide the masses tactic. We should also be looking at non-wage income i.e. dividends, interest, and capital gains.
by opportune 9y ago
Wage inequality is just a labor aristocracy, divide the masses tactic. We should also be looking at non-wage income i.e. dividends, interest, and capital gains. The untold story: non-wage income in the US is increasing as a share of total income, and the richest of the rich pay the lowest in taxes
- milkshakes 9y agodividends and interest are in fact taxed as ordinary income in the united states
- opportune 9y agoYes, but capital gains are not
- Flavius 9y agoWhat do you mean by "the lowest"? Percentage wise? Because I'm sure they pay millions or even billions in some cases. I agree that the rich might not pay the same percentage that you pay, but that's not even the real problem. The real problem is that we don't have equal opportunities. That gives the rich people a huge advantage when it comes to earning more money. We don't need to tax the rich more, that doesn't really help you when you're poor. We need to wisely use the money that we already have to create more opportunities for everyone.
- opportune 9y agoAs a percentage of their own income, of course. How does taxing the rich more not help you when you're poor? Those taxes could go towards funding for training and education, medical expenses, infrastructure, all of which would work towards creating more equal opportunities
- Flavius 9y agoIt doesn't help you because the money don't go directly to you. They go to companies own by other rich people, companies that have contracts with the government. So you keep taxing the rich and they keep getting their money back.